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New York City Promises Affordability Through Rezoning But Delivers Gentrification


This article was originally published on Common Edge.
Dozens of neighborhoods in New York City have been upzoned based on contrived, and even false claims made by the city, which promised more diversity, affordable housing, minimum displacement, and other worthy goals. None of those projections materialized, but this is never acknowledged. Worse, the upzoning created the opposite conditions: less diversity, fewer affordable units, and whiter, wealthier neighborhoods. This, too, is never acknowledged. But the damage is done and developers are having their way following the new zoning. Then it’s onto the next neighborhood, with the same approach. Roberta Brandes Gratz explores in her article city planning and city promises in New Tork City, disclosing zoning regulations that lead to the opposite of what they preach. ....

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Congestion in U.S. cities fell 50% amid pandemic, saving drivers almost $1,000


Was your city one of the most congested?
on March 10, 2021, 5:17
In brief: The global pandemic has affected almost every aspect of our lives. One of the few positives to come from the situation is that drivers in major U.S. cities spent about half the usual amount of time in traffic last year, saving almost $1,000.
According to a new report from transportation analytics firm INRIX, congestion fell almost 50% across major U.S. cities last year due to stay-at-home orders, the huge jump in remote working, and businesses closing temporarily. Residents spent around 75 fewer hours in traffic across the entire year compared to 2019. ....

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No Ceiling in Sight for Bitcoin Value, Analysts Say


No Ceiling in Sight for Bitcoin Value, Analysts Say
On 2/17/21 at 4:39 PM EST
Bitcoin s surge to $50,000 for the first time has created a new acronym: HOFDL Hold On For Dear Life. Hof-del captures both the buy-and-hold strategy driving Bitcoin higher and the cryptocurrency s inevitable volatility in the future.
Bitcoin is the gold standard of cryptos, Dr. Richard Smith, CEO of The Foundation for the Study of Cycles, a non-profit research institution based in Pittsburgh, told
Newsweek. There is a fixed number of Bitcoin. Many holders have a never sell attitude and we haven t seen that before.
Twitter chief executive officer Jack Dorsey has said he is passionate about Bitcoin. ....

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