Word: decontrols
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...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 plans for using city tax abatements to further sweeten returns on apartments pushed into luxury decontrol. The upshot, according to a recent Deutsche Bank analysis, is that the property, purchased in late 2006 for $5.4 billion, "would fetch less than $2 billion if sold into the current dislocated market." It added that the most natural buyer was MetLife, the insurer and original owner, in part because...
...Hill played a large role in their eventual decision to lift export controls on encryption technology. "They had us against the wall," says one. Ashcroft at the time said he was "pleased" that "the Administration finally has listened to those of us in Congress who long have urged export decontrol." That was in 1999, a year after the U.S. indicted Wadih El Hage in the plot to bomb two American embassies in East Africa. According to the indictment, El Hage sent encrypted e-mails to associates in al-Qaeda. Since becoming Attorney General, Ashcroft has not pushed to change...
...sweep of Congress in '94, the assault-weapon ban was nearly overturned. What prevails in Washington now is a standoff in which only modest measures, like the newly introduced proposal for gun safety locks, stand much chance of passage. On the state level, the most popular approach has been decontrol--laws that permit concealed weapons...
...single greatest imponderable in the crime debate is the role of gun control. Or decontrol: last week Texas became the 28th state to allow people to carry concealed weapons. The rationale is to discourage crime--supporters say felons will think twice about assaulting people who may be armed. Florida became the first state to pass such a law in 1987. Since then, more than 150,000 people there have applied for permits to pack a gun. But two recent studies suggest loopholes in the law have also allowed felons, ordinarily forbidden to carry a gun, to do so legally...
Weld met yesterday with Rep. John E. McDonough (D-Jamaica Plain), who had shepherded the original plan through the legislature. Weld adamantly opposed two of McDonough's suggestions: the continuation of rent control boards and of vacancy decontrol plans, in which units are removed from rent control when their occupants leave. Boston and Brookline currently have vacancy decontrol programs...