More than a dozen hospitals employing tens of thousands have either shut this year or are on the brink, while two shadowy figures prop up their owners’ stock.
real estate
Posted inWorking in America
Federal Workers Return to the Office. Custodial Staff Doesn’t.
There are reports of clogged sinks, overflowing trash cans, and a lack of toilet paper.
Posted inEconomic Policy
How DOGE Could Spark a Financial Crash
Playing with fragile commercial real estate is like playing with fire.
Posted inHousing
Child Death Sparks Reconsideration of Private Equity–Owned Affordable Housing
A two-year-old died in Section 8 housing in Pittsburgh, in one of over 130 federally subsidized properties owned by private equity firm Vitus.
Posted inHousing
Shlock and Awe
The Los Angeles fires shine a light on the wretched excess of the very rich.
Posted inMoney, Politics, and Power
Philadelphia’s Chinatown Is Victorious
In a major triumph for civic activists, the billionaire owners of the city’s NBA team backed out of an arena project that had been approved for the neighborhood.
Posted inTAP
The L.A. Apocalypse Was Entirely Predictable
Today on TAP: The hills above my hometown regularly catch fire, and developers regularly build there nonetheless.
Posted inMoney, Politics, and Power
Winding Up a Wrecking Ball for Downtown Philadelphia
76 Place, a controversial NBA arena proposal, has drawn criticism most recently from the transit agency expected to serve it, but team owners have steamrolled the city council into submission.
Posted inMoney, Politics, and Power
Philadelphia Chinatown Fights Back
The 76ers, the city’s basketball team, has the studies and the mayor lined up for a new arena. Residents and allies believe their homes and culture are more valuable.