Tag Archives: Reviews

Urban Views: Living In China’s Megacities (Video)

More than 60 percent of China’s population of 1.4 billion currently lives in cities. Within a decade, the share of urban dwellers is expected to increase to 75 percent. Construction is booming and competition for residential land is fierce.

But the right to live in a city in China is conditional. Authorities want their modern cities to be peopled with well-educated, highly-qualified or politically well-connected residents. As a result, certain standards have to be met to be eligible for a modern, urban home. Only members of China’s political classes and the financially successful have a hope of qualifying. Yet more than half of the people who live in cities are so-called “migrant workers.” They come from rural communities and have no official rights to settle in cities. They are there to work. With no proper rights, they are merely tolerated while they serve as merchants, servants, waitstaff, cleaners, construction workers and tradespeople.

But while they are indispensible to daily life in the cities, they are unable to afford their exorbitant rents. This documentary looks at how and where these workers live, and asks whether middle and working class Chinese even figure in the official vision of shiny, high-tech cities. The filmmakers also look at what happens to those who oppose official plans, or stand in the way of the building boom.

Finance: The $1 Trillion Market For ‘Green Bonds’

So-called green bonds have become more popular in recent years, and this fast-growing segment of the $128.3 trillion global bond market could grow even more. When an issuer sells a green bond, they’re making a nonbinding commitment to earmark the sale’s proceeds for environmentally friendly projects. That could include renewable energy projects, constructing energy efficient buildings or making investments in clean water or transportation. Green bonds fall under the wider umbrella of sustainable bonds, which include fixed-income instruments whose proceeds are set aside for social or sustainability projects. Big household names such as Apple and PepsiCo are diving into this space. A handful of massive banks and governments around the world are also issuing sustainable bonds, including China, Russia and the European Union. This may be contributing to the space’s rapid growth. A report from Moody’s said new sustainable bond issuance may top $650 billion in 2021. That would represent a 32% jump from 2020.

Post Covid-19: How Our Brains Will Weigh Risks

Indoor dining, workout classes, concerts. These once commonplace events are coming back into daily life. But because of Covid-19, everyone now has a different level of comfort. What happens in the brain as we decide what’s risky or not? Photo illustration: Laura Kammermann

Innovation: ‘Brooklyn Dumpling Shop’ Rolls Out ‘Automat’ Food Service

Moving towards the future – by taking from the past? This is the story of how one restauranteur is drawing upon nostalgia in order to break into a new era of innovation in the food industry.

AUTOMAT HISTORY

Originally, the machines in U.S. automats took only nickels. In the original format, a cashier sat in a change booth[citation needed] in the center of the restaurant, behind a wide marble counter with five to eight rounded depressions. The diner would insert the required number of coins in a machine and then lift a window, hinged at the top, and remove the meal, usually wrapped in waxed paper. The machines were replenished from the kitchen behind. All or most New York automats had a cafeteria-style steam table where patrons could slide a tray along rails and choose foods, which were ladled from tureens.

The first automat in the U.S. was opened June 12, 1902, at 818 Chestnut St. in Philadelphia by Horn & Hardart; Horn & Hardart became the most prominent American automat chain. Inspired by Max Sielaff’s AUTOMAT Restaurants in Berlin, they became among the first 47 restaurants, and the first non-Europeans, to receive patented vending machines from Sielaff’s Berlin factory. The automat was brought to New York City in 1912 and gradually became part of popular culture in northern industrial cities.

The automats were popular with a wide variety of patrons, including Walter Winchell, Irving Berlin and other celebrities of the era. The New York automats were popular with unemployed songwriters and actors. Playwright Neil Simon called automats “the Maxim’s of the disenfranchised” in a 1987 article.

Analysis: Why U.S. Houses Are So Expensive (CNBC)

With Covid encouraging city-dwellers to emigrate to the suburbs and families looking for home offices and bigger yards, prices for the American dream home have skyrocketed. Home prices surged in March 2021 up 13% from the year prior, according to the S&P Case-Shiller index. With homeowners unwilling to sell, a record-low supply of homes for sale has forced buyers into intense bidding wars. At the end of April 2021 there were only 1.16 million houses for sale in the U.S. down more than 20.5% from the year prior. Higher costs for land, labor and building materials including lumber have also impacted homebuilders. With the 30-year fixed mortgage rate hovering near a 50-year low and strong demand pushing prices to all-time highs, why is the housing supply so meager? Watch the video to find out if the U.S. is running out of houses.

Analysis: The Job Market That Awaits 2021 Grads

The labor market is red-hot again after more than a year on ice. The class of 2021 college graduates are looking at a new jobs landscape, but the competition is fierce. What should new grads expect from the job market and the job hunting process? Photo: Hoang ‘Leon’ Nguyen/The Republican via AP

Green Housing: ‘Nature Village’ – Denmark (Video)

Copenhagen-based studio EFFEKT has presented plans for a residential development that forms part of its contribution to the upcoming venice architecture biennale. titled ‘naturbyen’, a name that translates as ‘nature village’, the project will see a field in denmark transformed into a completely new forest-neighborhood district comprising more than 200 homes. the development seeks to demonstrate how sustainable housing development can be combined with ambitious afforestation, increased biodiversity, and circular resource thinking. ‘as humanity is facing its greatest challenge ever with the imminent threat of climate change, habitat loss and depletion of natural resources — not to mention the ongoing pandemic — we need to rethink the way we live together on this planet. not only as humans, but across all species and ecosystems,’ EFFEKT tells designboom, discussing how the project responds to the biennale’s theme — ‘how will we live together?’. Responding to denmark’s goal of covering 20% of its landmass with forest by 2100, EFFEKT developed the project in collaboration with the town of middelfart. the site, currently an agricultural field, will be densely planted with a mix of native tree seedlings — an approach based on interviews and insight from industry experts, anders busse nielsen and björn wiström. ‘with a project like ‘naturbyen’ we try to address the growing need for more housing while also restoring natural habitats in close proximity to our cities, increasing biodiversity and through afforestation sequester carbon over time,’ EFFEKT explains.

Analysis: Race In America, Green Investment Boom, Nato Soldiers’ Phones

A selection of three essential articles read aloud from the latest issue of The Economist. This week: race in Americathe green investment boom (10:00), and why NATO increasingly sees its soldiers’ phones as a liability (21:50).