Mar. 7th, 2017

rfmcdonald: (photo)
Looking northwest, Church and Wellesley


In the afternoon light, the condo towers of the Yonge and Bloor area loom over Church and Wellesley. The northwest corner of this intersection is likewise set for a massive transformation, a condoization. This scene will not be here for much longer.
rfmcdonald: (Default)

  • D-Brief shares rare video of beaked whales on the move.

  • Dangerous Minds notes that someone has actually begun selling unauthorized action figures of Trump Administration figures like Bannon and Spencer.

  • Language Log looks at a linguistic feature of Emma Watson's quote, her ending it with a preposition.

  • Marginal Revolution's Tyler Cowen considers, originally for Bloomberg View, if Trump could be seen as a placebo for what ails America.

  • The New APPS Blog takes a Marxist angle on the issue of big data, from the perspective of (among other things) primitive accumulation.

  • The Search reports on the phenomenon of the Women's History Month Wikipedia edit-a-thon, aiming to literally increase the representation of notable women on Wikipedia.

  • Towleroad notes the six men who will be stars of a new Fire Island reality television show.

  • The Volokh Conspiracy finds some merit in Ben Carson's description of American slaves as immigrants.

  • Window on Eurasia argues that Belarusians are beginning to mobilize against their government and suggests they are already making headway.

rfmcdonald: (Default)
The Financial Post carries Alastair Sharp's Reuters report noting that debt-laden Trump Tower here in Toronto has not received any bids, and that the bank that is its main debt holder is likely to take the building.

The court-run sale of a downtown Toronto high-rise bearing the name of U.S. President Donald Trump received no initial bids and ownership will likely fall to its main debt holder, a letter from the receiver showed.

The court process only indirectly involves Trump, whose sprawling business empire licenses its brand and manages the Toronto property on behalf of the developer, Talon International Inc. But the Trump International Hotel & Tower’s new owner will need to navigate an unresolved dispute over whether they can get out of that arrangement.

No qualified bids apart from a stalking horse offer of $298 million were received for the luxury hotel and condo property by an initial deadline, the receiver, FTI Consulting, said in a letter dated Feb. 21 and seen by Reuters on Monday.

“As a result, the Receiver has determined that the Stalking Horse Bidder is the Successful Bidder,” the letter said.

With no rival bidders emerging, the hotel’s ownership will likely fall to JCF Capital ULC, which on Sept. 29 bought the $301 million owed on the tower’s construction loan, before quickly moving to initiate the sale process.
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