Posts

Showing posts matching the search for York State Bureau

New Haven’s Jared Flagg Launches One of the First Ponzi Schemes

Image
In 1926 the fraud police had Jared Flagg under questioning. It wasn't the first time the flimflam man was in trouble with the law. But it would be the last. As the investigators pushed for answers about a particular fraud, Flagg began struggling for breath. The attorneys suspected it was a trick to slow them down. But for once in his scandal-plagued life, Jared Flagg was playing it straight. He collapsed and died. Just short of 70 years old, Jared Flagg left his estate to his wealthy and better-known brother Edward, who was a highly regarded architect and landlord in New York City. The Flaggs were relatives of Cornelius Vanderbilt, and Vanderbilt money had paid for Edward's education and launched him as a successful architect. At the time he died, Edward was a major landowner on Staten Island and, his obituary noted, had the design of the Corcoran Gallery of Art in Washington, D.C. among his notable credits. Jared's obituary, meanwhile, simply noted he "collapsed on...

How I Learned Not to Love Big Brother

Image
Photo by Andrea Yori | CC BY 2.0 In the wake of the 2001 terrorist attacks, Washington pursued its elusive enemies across the landscapes of Asia and Africa, thanks in part to a massive expansion of its intelligence infrastructure, particularly of the emerging technologies for digital surveillance , agile drones, and biometric identification. In 2010, almost a decade into this secret war with its voracious appetite for information, the Washington Post reported that the national security state had swelled into a “fourth branch” of the federal government — with 854,000 vetted officials, 263 security organizations , and over 3,000 intelligence units, issuing 50,000 special reports every year. Though stunning, these statistics only skimmed the visible surface of what had become history’s largest and most lethal clandestine apparatus . According to classified documents that Edward Snowden leaked in 2013, the nation’s 16 intelligence agencies alone had 107,035 employees and a combined “b...

Visa program offers promise to the poor — then breaks it

Image
It was the type of celebration that’s become commonplace in the Seaport District . Investors, developers, and other real estate types mingled earlier this summer at a groundbreaking ceremony for Echelon Seaport — $900 million worth of luxury condos and apartments set to rise from a parking lot on Seaport Boulevard. Advertisement Under a big white tent , guests sipped cocktails and listened as Governor Charlie Baker and Boston Mayor Martin J. Walsh touted the glassy, gleaming business district sprouting around them.Away from the festivities, Alex Shing of Los Angeles- based Cottonwood Management — the project’s developer — spoke about the strong interest from investors all over the globe who wanted to buy into Boston’s booming Seaport. Get Talking Points in your inbox: An afternoon recap of the day’s most important business news , delivered weekdays. “This is probably the most valuable piece of dirt in the world,” Shing said. Yet to help finance the project, Cottonwood and its...

Zillow : Home Values Higher than Ever in Almost Half of Nation's Largest Markets

SEATTLE, Aug. 24, 2017 /PRNewswire/ -- Home values are setting new records in about half of the country's largest metros, and the national median home value is now $4,100 more than it was in April 2007, just before the market crashed , according to the July Zillow® Real Estate Market Report(i). Home values in Denver, Dallas and San Jose have appreciated most beyond the previous record-highs set at the peak of the housing bubble in the mid-2000s. Homes in Denver are almost 60 percent more valuable now than during the bubble, increasing from a median home value of $235,900 in April 2006 to a current median home value of $371,100. When the housing market crashed , home values plummeted and it has taken about 10 years for home values to reach new record highs. Strong labor markets and steady income growth have pushed up home values in the nation's hottest markets more quickly than in others. Among the 35 largest housing markets , 15(ii) have higher median home values than ...