timwferguson

Chase, Fintech and a Dinosaur’s Paper Checks

Citigroup chair and CEO Jane Fraser, speaking at an event at the Council of Foreign Relations last evening, got around to fintech competition, leaving me thinking of a peeve I have with her biggest rival, J.P. Morgan Chase. Noting that Citi has the largest global physical presence of any U.S. commercial bank, Fraser observed thatContinue reading “Chase, Fintech and a Dinosaur’s Paper Checks”

A Woman Who Fostered New Americans

As the immigration wrestles continue in the streets and courts and in Washington politics, America lost a great “reformer” on the matter last month. Florence Phillips died at age 95 after spending nearly 20 years helping probably thousands of newcomers to the U.S. learn the basics of belonging here and ideally become citizens. Her EnglishContinue reading “A Woman Who Fostered New Americans”

40 Years of Opening Up Hamptons Public Spaces

“Public-private partnerships” usually refer to some kind of development project. But they can also be the opposite, a form of nature preservation. That’s been a frequent occurrence in recent decades on the East End of Long Island, N.Y. One form this has taken is a willingness of civic groups to look after properties that aContinue reading “40 Years of Opening Up Hamptons Public Spaces”

When the Store Goes Shopping for You

As various press reported this week, New York city and state legislators are moving to join other progressive locales in restricting “surveillance pricing,” a latest form of digitally tailored marketing. The sinister-sounding practice is an offshoot of chip technology to guide consumers toward what either they or the retailer would like to deal on. DigitalContinue reading “When the Store Goes Shopping for You”

Fretting Before Long Island Officials Buy the Farm

Farmland and other open-space preservations are becoming more limited opportunities on the East End of Long Island, N.Y., despite abundant tax money now available for such purchases. The main reason is a dwindling number of such parcels, even as competing bids for residential real-estate development escalate. But sometimes the hangup is disagreement over just whatContinue reading “Fretting Before Long Island Officials Buy the Farm”

A Ticket Master Talks Olympics Sense

A few decades ago, I visited Fred Rosen, then the chief of Ticketmaster and–as now–an unrepentant advocate of market or “dynamic” pricing for commercial events. Here in this brief LA Times interview he reappears, defending the steep charge for seats to witness the 2028 Olympics–very much a commercial enterprise. The point he makes also appliesContinue reading “A Ticket Master Talks Olympics Sense”

Republicans Turn Out the Lights in East Hampton

Another epitaph for the “old Republican Party” was written this week in the township of East Hampton, N.Y., where no GOP candidate has filed for the top position, supervisor, in the November election. This story in the East Hampton Star lays out the contemporary context of the party’s demise there, which mirrors what has happenedContinue reading “Republicans Turn Out the Lights in East Hampton”

Socialist Mayor’s Surtax: An Idea for Hamptons-Like Homes?

New York City Mayor Zohran Mamdani’s push* for a “pied-a-terre tax” on the sparsely used homes of putative plutocrats is not staying in NYC. At least one legislator from the northern Hudson Valley exurbs is seeking allowance for a similar punitive levy on such properties there. That shouldn’t be surprising: Resentments toward wealthy seasonal visitorsContinue reading “Socialist Mayor’s Surtax: An Idea for Hamptons-Like Homes?”

Luckin’ Out With a Morning Joe App

Bloomberg had a story this week about Starbucks seeking to establish a technology base–perhaps outside the U.S.–where it could build out an internal team to (presumably) digitize more of the beverage-cafe business. It’s already doing that–while also following its new CEO’s mantra of re-personalizing the customer experience–but according to the article has wearied of payingContinue reading “Luckin’ Out With a Morning Joe App”

Build But Don’t Park Here? A Town Says No To That

Zoning reformers want to get rid of some strictures that were written into urban and suburban planning laws in the 1900s. Mostly, these changes are pushed by New Urbanists or YIMBY* activists who seek to remove “exclusionary” regulations that deter new housing, especially for potential residents of lesser wealth or income. But, not surprisingly, theseContinue reading “Build But Don’t Park Here? A Town Says No To That”