Real estate prediction.
The commercial real estate market in the U.S. could be headed for a slump, according to a new analysis reported on by Bloomberg. Pacific Investment Management Co. says commercial real estate prices could fall as much as 5 percent in the U.S. over the next 12 months. Prices have been going up in that market for 6 years, Bloomberg says. Now, global economic forces, including falling oil prices and a slowing economy in China, are weighing on demand for commercial real estate in the U.S.
Tronc, for real.
Tribune Publishing officially became “tronc” yesterday and employees were treated to two videos explaining the re-branding effort. Re/Code says the videos seem an awful lot like parody videos (the company insists they are real). New York magazine took a stab at translating what the jargon-filled videos are actually trying to say.
Basic income implementation.
A Silicon Valley startup is going to give 100 people in Oakland free money to do nothing. The idea is to experiment with the concept of a universal basic income in the U.S. Advocates of a basic income say it could someday replace today’s complicated social safety net, and provide support to workers who are displaced in an increasingly automated economy. But the Guardian reports not everyone in Oakland thinks this particular experiment is a good idea.
Moody’s Analytics looked at Donald Trump’s policy proposals to try to gauge how they would affect the U.S. economy. Talking Points Memo has the write-up of what they concluded, and it’s not good. Moody’s says the economy would dive into a “lengthy recession” if all of Trump’s tax policies and trade promises were put into effect.
“Commercial Real Estate” by flickr user “moneyblognewz” CC license CC by 2.0