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High Speed Rail Versus Austerity

Harvard Business Review

First, real estate developers respond by building new housing towers in close proximity to the new public transit stops. Second, commercial real estate demand is stimulated as upscale restaurants and shopping agglomerates close to these transit stations.

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Will the Proposed Banking Settlement Have Unintended Consequences?

Harvard Business Review

Hence, it is hard to see justification for an additional penalty beyond the cost of foreclosing twice, which banks are paying according to state laws. As with any proposed regulation, the settlement should be subjected to a rigorous cost-benefit analysis.

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