Who Owns New Rochelle?

Most people don’t know how commercial real estate is owned and funded. Who profits from the places that you live and shop?
Who is building New Rochelle?
The short answer is not you and probably not anyone that you know. That’s a strange notion. One hundred years ago, everything that you invested in was local and now nearly nothing is. And local people, local families used to owned the local real estate. People who were invested in the community used to be part of the decision making of what got built.

Institutional Real Estate Investment
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New Rochelle Good Jobs First

“Localities spend tens of billions of dollars annually on subsidies, yet most make it difficult for residents to learn which companies receive that assistance,” said the report’s author, Good Jobs First research Analyst Kasia Tarczynska. “And even fewer provide information on the effectiveness of the awards.”
Discover Where Corporations are Getting Taxpayer Assistance Across the United States
SUBSIDY TRACKER 3.0 is the first national search engine for economic development subsidies and other forms of government financial assistance to business.

New Rochelle Good Jobs First

New Rochelle Subsidies: https://goo.gl/MzO17S

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Reverse Engineering a Startup

Throwing Rocks at the Google Bus by Douglas Rushkoff

The following story of “Ruby” reverse engineering a startup based on market conditions, industry trends, and nascent investor fads is taken from Throwing Rocks at the Google Bus by Douglas Rushkoff.
One of the smartest technologists I know, a young woman from the West Coast I’ll call Ruby, decided to launch a company on a whim. Ruby did exhaustive research on emerging interests and keywords in the technology and business press, as well as conference topics and TED subjects. What were venture capitalists getting interested in? Moreover, what sorts of technical skills would be valuable to those industries? For instance, if she concluded that big data was in ascendance, then she would not only launch a startup related to big data but also make sure she created competencies that big data firms required, such as data visualization or factor analysis. This way, even if her company’s primary offering failed, it would still be valuable as an acquisition—for either its skills or its talent, which would be in high demand if her bet on the growing sector proved correct.
She ultimately chose geolocation services as the growing field. She assembled teams to build a few apps that depended on geolocation—less because the apps themselves were terrific (though she wouldn’t complain if one became a hit) than because of the capabilities those apps could offer to potential acquirers. Working on them also forced her team to develop marketable competencies as well as a handful of patentable solutions in a growing field with many problems to solve. The company was purchased, for a whole lot, by a much larger technology player looking to incorporate geolocation into its software and platforms. The employees, founder, and inventors who believed in her are now all wealthy people.
E-commerce using Elasticsearch
And Machine Learing
Last night, I attended an Elastic meetup hosted by HBC Digital. The Hudson’s Bay Company (HBC) owns Saks Fifth Avenue and Lord & Taylor. This meetup provided one of those “aha” moments. It is possible to build a local search engine using elasticsearch. This search engine would incorporate e-commerce and machine learning.

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Fake News & Rethinking Digital Capitalism

Seven Magazine

Click the image above for
A rough draft of Seven Magazine.
Just as climate change is the natural byproduct of fossil capitalism, so is fake news the byproduct of digital capitalism.

market-cap

As described in Steve Denning’s Forbes article, “Roger Martin: How ‘The Talent’ Turned Into Vampires:”
How did America—a country dedicated to the proposition that all men are created equal—become one of the most unequal countries on the planet? Why do the nation’s leaders now spend so much of their time feeding at the trough and getting ever more for themselves? Why has public-mindedness in our leaders given way in so many instances to limitless greed?
These questions are being raised, not in some anti-capitalist rag from the extreme Left, but in the staid pro-business pages of the Harvard Business Review, in a seminal article by Roger Martin, the former dean of the Rotman School of Business and the academic director of the Martin Prosperity Institute: “The Rise and (Likely) Fall of the Talent Economy.
One key factor, argues Martin, is a fundamental shift in nature of the economy. Fifty years ago, “72% of the top 50 U.S. companies by market capitalization still owed their positions to the control and exploitation of natural resources.” But in the latter part of the 20th century, a new kind of organization began to emerge: an organization that prospered not by natural resources but through “the control and exploitation of human talent.”
We need to build a world where Facebook and Google neither wield much clout nor monopolise problem-solving.

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Seven Magazine: If Black People Are To Be Free

A study by the Kellogg School of Management at Northwestern University found that between half a million and a million jobs could be created if higher-income Black households spent only $1 of every $10 at Black-owned stores and other enterprises.

Dr. Martin Luther King, Jr and Malcolm X

According to the Census Bureau, African-Americans are 13.2 percent of the population of the United States, which comes to about 42 million people. Research by the Economic Policy Institute found that 51.3 percent of young Black high school graduates are underemployed. Yet, a recent report by Nielsen and Essence estimates that Black buying power will reach $1.3 trillion in the next few years. If we were talking about countries, that would be the 16th biggest economy in the world.

Black Buying Power

According to a New York Times article about Maggie Anderson, the author of Our Black Year, a study by the Kellogg School of Management at Northwestern University found that between half a million and a million jobs could be created if higher-income Black households spent only $1 of every $10 at Black-owned stores and other enterprises. Yet only a tiny fraction of Black buying power is spent at Black-owned businesses.

Maggie Anderson

Don’t just say that Black unemployment is four times that of Whites. Say that Black businesses only get 2 percent of the $1 trillion of Black buying power, and then say that Black businesses are the greatest private employer of Black people.

~ Maggie Anderson

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New Ro Magazine: Digital Ads Suck & Google is an Old Business

The new model of advertising and branding demands that companies improve public life and satisfy the needs of our higher sacred selves.

new-ro-andrew-young

Click the image above for
A rough draft of New Ro Magazine.
Friday, May 5th is the deadline for the June edition of New Ro Magazine.
The June edition will be:
Size: 8.5″ x 11″
Page Count: 16 or 20
Quantity: 250
Material: 80lbs Gloss
Binding: Saddle Stitching
Advertising rates (each printing):
Full page: $110
½ page: $62
¼ page: $40

ChartOfTheDay_709_Google_s_ad_revenue_since_2004_n
Ad Spending

Google has more revenue than all U.S. print newspapers and magazines combined.
Yet direct mail is still the biggest single direct marketing channel, worth around $45 billion a year in the US alone. But it’s increasingly clear that printed marketing communications work best when used in conjunction with digital channels such as email, personalized web pages (PURLs), database marketing, and mobile elements.

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Digital Ads Suck & Google Is An Old Business

The new model of advertising and branding demands that companies improve public life and satisfy the needs of our higher sacred selves.
Click image below for draft of UWS Magazine

uws-peebles

Google has more revenue than all U.S. print newspapers and magazines combined.

ChartOfTheDay_709_Google_s_ad_revenue_since_2004_n
Ad Spending

Google has more revenue than all U.S. print newspapers and magazines combined, yet direct mail is still the biggest single direct marketing channel, worth around $45 billion a year in the US alone. But it’s increasingly clear that printed marketing communications work best when used in conjunction with digital channels such as email, personalized web pages (PURLs), database marketing, and mobile elements.

Continue reading