Word: complexity
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Nowhere was that more true than in the ill-conceived investment to turn the twinned 11,000-unit middle-class housing complex known as Stuyvesant Town and Peter Cooper Village, built originally to accommodate World War II veterans, into luxury housing, for which limits on yearly rent increases are chucked in favor or whatever the market will bear. The prospectus offered by the lead investors, Tishman Speyer and Larry Fink's asset-management fund BlackRock, imagined evicting 50% of rent-regulated tenants in just a few years. But tenants fought back and won in a court decision that also undercut...
...speed at which contemporary Philippine art has swept across the Asian art world over the past year has outstripped popular knowledge of its fundamentals. What are the enduring influences on the art of this culturally complex country? What are the concerns of its pre-eminent modern artists and how have they arisen? To situate current market excitement within a wider historical framework, the Singapore Art Museum has mediated rivalries between secretive Philippine collectors, and dug into its own archives, to put together a show of 70 rarely seen works spanning more than a century of Philippine art. It is, experts...
...this means that even in places like Pakistan and Yemen where al-Qaeda or its affiliates retain some organizational presence, it is much harder to train lots of would-be terrorists for complex, mass-casualty attacks. In response, al-Qaeda seems to be relying more on solo operators, people like Abdulmutallab, Fort Hood gunman Major Nidal Malik Hasan and Najibullah Zazi, the Afghan American arrested last year for allegedly plotting to blow up buildings in New York. These lone wolves are harder to catch, but they're also less likely to do massive damage. Al-Qaeda's new motto, according...
Faust’s December letter to the community did not simply announce a halt in construction on the Science Complex, but also outlined a new three-phase plan for redevelopment in Allston: “property stewardship and community engagement; campus planning and greening; and campus development...
...portion of this week’s sale will fund the Law School’s Northwest Corner Building, a complex that will house a student center, the school’s growing clinics, and classrooms...