Friday, March 30, 2018

Pompeo Foreshadows Problems with Europe

Citing a difference of opinion on the Iran nuclear deal, President Trump fired Secretary of State Rex Tillerson two weeks ago and announced he would replace him with current CIA Director Mike Pompeo. Pompeo is known for being an Iran hawk, calling the nation a “despotic theocracy”  and “thuggish police state”  and claiming the Iran deal to be a disaster. The nomination therefore indicates that the president is looking to follow through on promises to scrap the Iran deal. This past Friday’s appointment of John Bolton, who called the deal a “strategic debacle,” further underscores the Trump administration’s desire to see it renegotiated soon.

However, renegotiating the deal will prove tougher than Trump and Pompeo likely expect. European allies, who played a key role in sanctions that forced the initial conversations, have economic incentives to maintain the current status quo. They are also well-insulated from whatever security pressure the United States may enact against them ensuring that this issue will only result in further damage to transatlantic relations.

In January, Iran signalled in no uncertain terms that it was not interested in renegotiations. Provided Tehran sticks to that line, the United States would be forced to explore options that compel Iran to enter negotiations. The most likely option would be to re-impose the sanctions that initially brought Iran to the negotiating table. For the sanctions to have any bite, however, America’s European allies have to participate – especially since large economic competitors, namely Russia and China, are very unlikely to roll back their own economic ties with Iran.

Europe would face an interesting economic situation if the president and Pompeo pressured them to renegotiate the Iran deal. Prior to the 2012 sanctions, European-Iranian trade was valued up to $32 billion. The sanctions brought this number down to just $8.4 billion, marking a net loss of over $20 billion in annual trade. Added on to this economic opportunity cost is an estimated $120 billion in potential trade losses from strong, U.S.-backed sanctions against Russia imposed following the 2014 Crimea crisis. Against the European Union’s current levels of global trade, these two largely American-driven policies would account for over a four percent (up to $200 billion total) loss in potential trade revenue.

Given this economic burden, European countries have a strong incentive to resist pressure from the Trump administration to impose new sanctions. Also of crucial importance to any European calculation is that Iran has signaled that it would continue to uphold the Iran deal with the EU even if the United States reneged on the agreement – thus preserving the EU’s economic benefits and providing a strong rationale to fight American renegotiation attempts.

The most likely way that the Trump administration could threaten the EU would be through retrenching NATO support – granted NATO and the EU are not identical in composition. However, the president can use a variety of measures targeted at the transatlantic alliance to pressure its EU-member states to agree to renegotiations. These options include reducing the number of American troops stationed in Europe or decreasing funding to the European Reassurance Initiative that is designed to deter Russian aggression.

But, for the president to actually attempt these measures, he would have to prevail against domestic obstacles. The most prominent battle would be going against his own National Defense Strategy that labelled Russia as an international strategic competitor. Backing out of his own military policy by reducing support for NATO would prove difficult given the commitments the administration has already made. Knowing that the president is constrained in this way, NATO allies could reasonably be expected to call Trump’s bluff if he threatened force reductions or funding cuts to persuade them. The domestic hurdle is simply too large for his threats to be credible. And even if he did manage to overcome this hurdle and unilaterally withdraw from the deal, Europe probably would reject renegotiation attempts and humiliate the United States for acting irrationally.

Still, threats over a proven effective deal, even if they are not actually enacted, do not help the diplomatic situation. They isolate the United States further from its democratic, transatlantic allies in a time when authoritarianism is on the rise and serve to undermine Western power as threats from Russia and China grow.

The Pompeo and Bolton appointments suggest President Trump is ready to uphold his promise to challenge the Iran nuclear deal. Challenging this deal will be a difficult task for the president as European allies have significant economic incentives to stay and domestic politics prevents his pressure from being credible. Yet, he will still attempt to renegotiate and that will only serve to separate the United State further from his transatlantic allies.

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Correction

A woman was misidentified in a photo caption accompanying "In withdrawal" on March 26.

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Bouldin Creek Commons Office Space – 2043 S Lamar Blvd Austin Tx 78704

The following post is copyrighted by Austin Tenant Advisors - .

Bouldin Creek Space Austin TxBouldin Creek Commons is a class A office building located in South Austin in the 78704 zip code at the corner of Lamar and Oltorf St. If you are looking for an office that is close to downtown Austin and walkable to many restaurants and nigh life then you definitely want to check this out. 

If you are interested in renting class A office space in Austin and would like assistance finding the best options contact us at 512-861-0525.

Building Size – 142,000 sf

Building Height – 4 floors

Typical Floor Plate – 30,000 to 38,000 sf

Parking – 3 per 1,000 sf

Class Office – A

Amenities on Site – Gym with lockers and showers, bike storage, car charging stations, Wifi enabled outdoor space, Google Fiber, Retail and restaurant space

Asking Base Rental Rate – $30 to $35 sf

Estimated Operating Expenses (NNN) – $12-$15 sf

For information about this Austin office building or other class A offices near downtown Austin Tx give us a call. We can help you search and find the best offices that meet your businesses size, layout, and budget.

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U of C startup that targets migraines gets seed money

A University of Chicago researcher who has developed a new treatment for migraines has raised $750,000 for his startup.

Seurat Therapeutics treats migraines with a nasal spray of an insulin-like hormone called growth factor 1.

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1000 N Lamar – Class A Office Space For Lease Austin Tx 78703

The following post is copyrighted by Austin Tenant Advisors - .

1000 N Lamar Class A Office Building1000 N Lamar is a class A office building located near downtown Austin, Tx in the 78703 zip code area at the corner of Lamar and 10th street. If you are looking for an iconic address in a very walkable area then you might want to consider this building. It also boasts small floor plates making it easy to take a full floor and enjoy window views on all 4 sides of your office suite.

If you are interested in leasing office space in Austin Tx and would like help finding the best class a office spaces give us a call at 512-861-0525

Building Size – 18,000 RSF

Building Height – 3 floors

Typical Floor plate – 3,500 to 4,000 sf

Parking – 2.5 per 1,000 sf

Class – A

Amenities – Capital and UT Tower views, showers, bike storage, fitness center, covered parking, walking distance to many restaurants, night life, and shopping

Asking Base Rental Rate – $33

1000 N Lamar Austin TxEstimated Operating Expenses (NNN) – $12 for 2018

For information about this Austin office building or other offices near downtown Austin, Tx feel free to contact us. We can help you search for and find the best that is within your ideal size

, layout, and budget.

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Brookfield's $15 billion deal for GGP is bad news for the American mall

Wall Street analysts say the deal for Chicago-based GGP is "wholly inadequate." Here's why.

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NYSE in talks to buy Chicago Stock Exchange

Another prospective buyer group ditched its effort this month when it couldn't overcome SEC opposition to Chinese investors taking part in the deal.

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See a condo by Ron Krueck in a Mies van der Rohe building

The unit, a sleek combination of a dramatic staircase, built-in furnishings and "an obsessive attention to detail," will be listed for $2.15 million next week.

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Esurance looks like Wilson's Snapple

Allstate's acquisition of Esurance is shaping up as another flubbed deal by an old-line company looking to buy growth.

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Could this be Wilson's biggest blunder at Allstate?

Allstate's acquisition of Esurance is shaping up as another flubbed deal by an old-line company looking to buy growth.

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Loyola's Final Four run lifts 10 schools

The Ramblers’ March Madness success has earned $8.5 million for their 10-team Missouri Valley Conference, to be paid out by the NCAA over the next six years.

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Thursday, March 29, 2018

Ex-Blago aide's latest venture: Mobile voting

Though the now-imprisoned guv remains damaged goods, his ex-deputy governor, Brad Tusk, continues to pop up in new areas. His latest: An app that could go national.

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New issue in Illinois AG race: What should be on the census?

Democrat Kwame Raoul blasts Trump's move to add a question about citizenship, and calls on GOP nominee Erika Harold to join him. So far, she's saying nothing.

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The former Pump Room is reborn as Booth One: Our review

In the Ambassador hotel (formerly the Ambassador East, then the Public), Booth One is one of the city's most iconic spaces. But how far can the remembrance of things past take the restaurant now?

from nicholemhearn digest http://www.chicagobusiness.com/article/20180329/ISSUE01/180329873/the-former-pump-room-is-reborn-as-booth-one-our-review?utm_source=ISSUE01&utm_medium=rss&utm_campaign=chicagobusiness

Allstate CEO gets highest payout in his 11-year tenure

Tom Wilson's $18.8 million compensation package in 2017 was a reward for a highly profitable year that sent the insurer's stock soaring.

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Lillstreet on track to emerge from bankruptcy

The gallery and studio remains open and will pay $195,000 to end a dispute with a website vendor.

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Leo Melamed's midcentury house is half off

The longtime leader in Chicago's futures industry has owned the Glencoe home since the mid-1970s. It's been on and off the market for more than five years.

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Boston investors pay $86 million for 11 industrial buildings

High Street Realty bought the portfolio from John Hancock Life Insurance.

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McDonald's to boost tuition benefits after tax windfall

The money will help make 400,000 restaurant workers eligible for the program.

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Why it could be harder to get opioids

A new policy among Blue Cross insurance plans nationwide, including in Illinois, says the drugs should not be the first or second treatment options to manage pain.

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How you can eat local year-round

It's still hard to get locally grown produce this time of year. But you can now buy locally packaged products like dips and juices made only with ingredients from nearby farms.

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City condo owners win privacy battle

The City Council passed an ordinance that will allow condo boards to opt out of a new rule in the state's condo law that gave out homeowners' phone numbers and emails.

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Locally owned real estate firms see biggest growth

During a year when real estate was slow, two of Chicago's five largest real estate brokerages grew their sales at more than twice the rate of the others.

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Wednesday, March 28, 2018

Self-driving Uber crash reveals risks in AV technology

Autonomous vehicles are changing the way the world drives. But who is liable when there's no driver behind the wheel?

from nicholemhearn digest http://www.chicagobusiness.comhttps://insurancemarketsource.com/trending/self-driving-uber-crash-tech-insurance?utm_source=crains&utm_medium=b0012&utm_term=20180329?utm_source=SPONSORED&utm_medium=rss&utm_campaign=chicagobusiness

What about all those Babies R Us registries?

The demise of the soon-to-close retailer, part of the liquidation of sibling Toys R Us, sets off its own wave of disruption in the market for infant products. And some big retailers stand to gain.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180328/NEWS07/180329860/what-about-all-those-babies-r-us-registries?utm_source=NEWS07&utm_medium=rss&utm_campaign=chicagobusiness

Amtrak raps freight railroad for delays

Canadian National trains delayed more than 200,000 riders traveling between Chicago and Carbondale last year, a report says.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180328/NEWS10/180329861/amtrak-raps-freight-railroad-for-delays?utm_source=NEWS10&utm_medium=rss&utm_campaign=chicagobusiness

House Dems seek subpoena on Chicago bank's loans to Trump official

After getting no cooperation from the Defense Department, two senior lawmakers push to compel information on whether Trump officials considered naming banker Stephen Calk secretary of the Army.

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'A game-changer': City Council OKs O'Hare expansion

Aldermen signed off today on an $8.5 billion plan to add dozens of gates and 3 million square feet of terminal space to O'Hare by 2026—a big win for the city's economy and Mayor Rahm Emanuel.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180328/BLOGS02/180329866/a-game-changer-city-council-oks-ohare-expansion?utm_source=BLOGS02&utm_medium=rss&utm_campaign=chicagobusiness

'A game changer': City Council OKs O'Hare expansion

Aldermen signed off today on an $8.5 billion plan to add dozens of gates and 3 million square feet of terminal space to O'Hare by 2026—a big win for the city's economy and Mayor Rahm Emanuel.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180328/BLOGS02/180329866/a-game-changer-city-council-oks-ohare-expansion?utm_source=BLOGS02&utm_medium=rss&utm_campaign=chicagobusiness

New York investor buying office towers near O'Hare: report

Angelo Gordon has reportedly struck a deal to buy the Presidents Plaza complex overlooking the Kennedy Expressway near O'Hare, jumping into Chicago's hottest suburban office market.

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Ascension, Providence shelve talks to create largest U.S. hospital chain: report

Ascension, which has a sizable Illinois footprint, and Providence have reportedly put merger plans on hold to rethink their own strategies, as patients increasingly seek care outside of hospitals.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180328/NEWS03/180329868/ascension-providence-shelve-talks-to-create-largest-u-s-hospital?utm_source=NEWS03&utm_medium=rss&utm_campaign=chicagobusiness

1880s River North office building to become a house again

Originally a milk merchant's home, from the 1960s through 2015 it housed a marketing firm that among other things sponsored the first official Chicago marathon in 1977.

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Developers tweak plan for Fulton Market's tallest tower

Related Midwest and Tucker Development have cut down their plan for the 900 block of West Randolph by eight floors, a move they hope will win them support from the West Loop community.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180328/CRED03/180329871/developers-tweak-plan-for-fulton-markets-tallest-tower?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

Episode 13: Are Red and Blue States Making Red and Blue Policies?

Public opinion and political parties are dividing across states, but is public policy following these differences, with conservative publics and majority Republican parties enacting more conservative policies? Christopher Warshaw finds shifts in state public opinion are reflected in policy, but not always through majority parties. Mark Richardson finds that majority state parties still need to win over centrist legislators and governors to pass charter school and abortion policies. Both find signs of life in statehouse democracy.

The Niskanen Center’s Political Research Digest features up-and-coming researchers delivering fresh insights on the big trends driving American politics today. Get beyond punditry to data-driven understanding of today’s Washington with host and political scientist Matt Grossmann. Each 15-minute episode covers two new cutting-edge studies and interviews two researchers.

You can subscribe to the Political Research Digest on iTunes here.

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The Political Landscape is Not Even Close to Being What You Think

Heading into the midterm elections, it’s pretty clear that a blue wave is coming. But is the shellacking the GOP is likely take in November a sign that Donald Trump, and his brand of ethno-nationalist populism, will soon be on the way out? While many pundits (at least, those who aren’t making appearances on Fox News) are leaning that way, political scientists tell us not to count on it.

First of all, the party represented by first-term presidents almost always takes a beating in the midterms. And those beatings have not served as reliable indicators for what is to come. Republicans were creamed in 1982, but Ronald Reagan won an historical landslide in 1984. Democrats were slaughtered in 1994, yet Bill Clinton went on to win decisively in 1996. Democrats were decimated in 2010, but Barrack Obama broke little sweat in winning again in 2012. Republicans won’t be wrong to dismiss a blue wave in November as saying little about Donald Trump’s prospects in 2020.

And that’s particularly the case if we look at the underlying ideological and partisan sentiments of Republican and Democratic voters. Prof. Larry Bartels of Vanderbilt University did just that in a revealing working paper titled “Partisanship in the Trump Era,” released last month. In it, Bartels closely examined a November 2017 YouGov survey of 2,000 people, all of whom were originally interviewed in 2015 and 2016 as part of YouGov’s 2016 Cooperative Campaign Analysis Project. After putting the more granular survey findings through rigorous regression analyses, a great deal of conventional wisdom about what’s going on in the Republican Party was blown bits:

1) Donald Trump has not remade the Republican Party in his own image. That’s both good and bad news for Never-Trumpers. There is no evidence whatsoever that party demographics or political views have changed significantly since he came on the political scene in 2015. To whatever extent the party has changed (e.g., the migration of working class whites into the GOP), that change occurred before Donald Trump. Accordingly, if you wish to cast blame on what the Republican Party has become of late, blame probably lies with the strident Republican backlash to Barrack Obama and the right-wing media apparatus, not with Donald Trump.

2) There has only been a tiny change in the number of voters who identify with the Republican Party as a consequence of Donald Trump. The oft-searched-for migration of voters out of the GOP yields nothing.

3) Those very few Republicans who have left the party since Trump came along are no better educated than those who have remained, not especially averse to racially charged cultural appeals, not particularly engaged in politics, and weren’t significantly more negative towards Donald Trump relative to the those who have stayed. Democrats and Never-Trumpers who are waiting for socially tolerant, well-educated Republicans to bolt from the GOP in horror are still waiting.

4) Despite the incredible nature of the Trump’s behavior and conduct since he’s moved into the White House, opinions about him have hardly changed a bit. What little change we’ve seen appears to reflect confirmatory partisan bias. When asked whether Donald Trump is intelligent, a strong leader, knowledgeable, inspiring, or moral, Trump’s average rating across all five questions declined by less than one point among Independents over the course of time, but declined by 4.4 points among Democrats and increased by two points among Republicans. In fact, the number of all voters who viewed Trump as “moral” increased by 2 points from mid-2016 to late-2017. Chew on that for a while.

5) Only about 19 percent of Republicans are closer to the Democratic Party on cultural issues than they are to the GOP. And Republicans care a lot more about cultural issues than they care about limited government. There’s a reason that the rank-and-file of the various libertarian(ish) Tea Party organizations defected en masse to Trump’s campaign during the 2016 primary season. While most of Trump’s Republican rivals were talking like Charles Koch, Donald Trump was talking like George Wallace. And the latter proved far more compelling than the former.

6) Republicans are nowhere near as hostile to government as you may think. A majority of Republicans support government action to regulate pollution, provide a decent standard of living for people unable to work, and ensure access to quality health care. And a substantial minority of the party favors reducing income differences and helping families pay for child care and college. All told, 24 percent of Republican voters are closer to the Democratic Party on economic issues than they are to their own party. The agenda forwarded by Republican mega-donors simply doesn’t resonate that well with rank-and-file voters.

7) Republicans have significantly cooler feelings towards their party than Democrats have towards their party. Republicans even have somewhat cooler feelings towards Donald Trump than Democrats had for their two past presidents when they were in office (Bill Clinton and Barrack Obama). And only 44 percent of Republicans “strongly approve” Trump’s presidency. Even so, Republican disapproval of Donald Trump is relatively nonexistent. There is no sign of an emerging split between pro-Trump and anti-Trump sentiment in the GOP.

8) Nevertheless, rank-and-file Republicans overwhelmingly side with Donald Trump when he gets into fights with Republican congressional leaders. That has less to do, however, with their warm feelings for Donald Trump (which, as noted, really aren’t all that warm), and more to do with their remarkably low opinion of the Republican congressional leadership. And in these fights, it’s the conservatives—not the moderates—who are most likely to support Trump. If it’s Trump’s party, Bartels notes, it is largely by default.

Bartels also shatters some of the conventional wisdom about what’s going on in the Democratic Party:

1) There were no important ideological differences between Bernie Sanders voters and Hillary Clinton voters. Nor is there any evidence that a surging progressive tide of Sanders-style democratic socialism is rolling through the party. Looking forward to 2020, those who has warm feelings toward Bernie Sanders were actually slightly more conservative than those who had warm feelings for Joe Biden!

2) The fault lines in the Democratic Party pertain primarily to social identities, interest group affiliations, and internecine antipathies, not ideology. Struggles are about which elements of the party coalition deserve more time and energy than others. Bernie Sanders’ appeal to young people was more about him being a maverick outsider (always appealing to the young) than about any particular element of his campaign platform.

3) Unlike Republicans, Democrats care a lot more about government action to address economic problems than they care about cultural issues. And only 11 percent are closer to the Republican Party on economic issues than they are to their own party. That said, 26 percent of Democrats are is closer to the Republican Party on cultural issues.

And there’s even a few important things we learn about Independents:

1) Once we remove from the sample those Independents who usually vote for one party or the other (that is, those who are functionally no different from Republicans or Democrats but who, for whatever reason, eschew the party tag), Independents are all over the lot when it comes to questions surrounding economic and cultural issues. Their opinions are not clustered in the center of American politics.

2) True Independents (that is, voters who are not really Republicans or Democrats in drag) are not drifting towards the Democrats because of Donald Trump.

3) Independents are unlikely to change the partisan balance of power. 31 percent of them are closer to Republicans on both economic and cultural issues, while 28 percent were closer to Democrats on both of those dimensions. If Independents made peace with their true partisan identities, it would prove a wash. The remainder are such a heterogeneous lot that neither party would have an advantage in competing for their votes.

How do we square Bartels’ findings with the big blue wave that appears to be coming? Well, intensity counts, especially in low turnout midterm elections. Amongst those animated enough to go to the polls in November, hatred of Donald Trump burns with the white-hot intensity of a thousand suns. Trump’s hard-core are still there, of course, but their intensity burns less hot (for now).

Moreover, Donald Trump is not on the ballot. His supporters, as noted, are markedly less enthusiastic about the Republican congress than they are about him. So Republican support for Donald Trump does not necessarily translate to support for Republican office-holders, especially if they’re anything less than uber-Trumps.

The big take-away is that, despite the political and cultural earthquakes triggered by the rise of Donald Trump, the political terrain as it existed in 2016 has remained remarkably stable. The political sentiments that allowed Trump to win the White House are still there and are as strong as ever.

Nor do those sentiments or party attachments show signs of changing any time soon. Sure, a sizeable number of the Republicans who are closer to the Democrats on economic and regulatory issues could bolt. But so could the sizeable number of Democrats who are closer to the Republicans on cultural issues. Even if a resorting of party allegiances were to occur, it would likely prove a wash.

If the saliency of economic or cultural issues were to change, however, things could get interesting. If economic issues were to rise in importance, that would greatly strengthen the Democrats. If cultural issues were to rise in importance, then a resorting of partisan allegiances would greatly strengthen the Republicans.

Many believe, however, that the GOP’s day in the sun has an expiration date that will be come due with the full arrival of Millennial voters. Maybe, maybe not. Bartels finds that, contrary to conventional wisdom, Millennials Democrats and Millennial Republicans aren’t any more liberal than other older members of their respective parties when it comes to issues surrounding the role of government. They are much more liberal than other generations, however, when it comes to cultural issues. Millennials, however, care a lot more about economic issues than they do about cultural issues. So how they will break is difficult to say. “There is no evidence here of broad secular change in views about the role of government,” reports Bartels, “or any hint of the existence of a ‘really quite left-wing’ cohort of ‘young progressives’ poised to deliver the Democratic Party ‘to the promised land.’”

Likewise, how long Millennials will hold their beliefs is unclear. Surprisingly enough, the political science literature is rather thin on how much “stickiness” there is to partisan and ideological sentiment as voters age over time.

Now, it should be noted that other surveys of Millennial attitudes, most notably those conducted by Pew, detect a greater leftward tilt than does Bartels in the course of his examination of the YouGov surveys. Regardless, given that young people always have, and likely always will, turn out at lower rates on election day than older voters, it will take at least a few more election cycles for Millennials to significantly change the political landscape. And when they do, the Republicans could accommodate tomorrow’s voters (if they so wish) by deemphasizing cultural warfare and returning to bread-and-butter issues pertaining to the role of government, a place they’ve certainly been before.

All-in-all, the picture for #Resistance doesn’t look that great. But while the landscaping exercise undertaken by Bartels is convincing, there’s more to electoral outcomes than navigating elemental public sentiment.

As political scientists James Stimson convincingly demonstrated a couple of decades ago, America has long been, and continues to be, a slightly center-left nation. Voters positively respond to conservative platitudes and issue-framing at the 10,000 ft. level, but are operationally liberal when it comes to concrete policy matters. That’s why Republicans campaign and govern in ideological broad strokes while Democrats campaign and govern as technocratic policy wonks. Even so, Democratic administrations generally give voters more government then they want, and Republican administrations give voters less government than they want. Voters respond to this thermostatically. The further away from the center-left the White House is perceived to be, the stronger the political counter-response.

Donald Trump is forwarding the most hard-right policy agenda the nation has ever seen. If past is prologue, and all things remain equal, a day of reckoning will come. The public, however, usually takes a while to notice that the White House is giving them more or less government than they want (which isn’t surprising given that most people aren’t very interested in politics and politicians usually labor to sound as moderate and nonthreatening as possible). Trump’s dominance of the news cycle and determination to stomp moderation into bloody bits (a determination shared by an increasing number of his congressional allies) will likely reduce the signal-to-noise ratio and give the Democratic nominee some extra muscle in 2020.

A second caveat is that economic performance (in presidential elections, anyway) swamps almost everything. Political landscaping exercises, while interesting and useful, are less important than economic fundamentals. That’s because voters have traditionally chosen presidents based—not on ideological or policy criteria—but on how well the economy is perceived to be doing and how well it might do in the future. The election forecasting models built by political scientists are premised on these considerations, along with other non-ideological matters like how long an incumbent party has been in power (politicians and political parties tend to wear out their welcome). Those models, which pay little or no attention to the ideological landscape, have a far better track records at forecasting electoral outcomes than forecasts that put a lot of weight on where the public stands on this issue or that. In fact, when economic conditions and party reign are taken into consideration, political scientists find no evidence that presidential nominees have ever paid a price (or received a bonus) for ideological extremism.

Last but not least, there may be tipping points ahead. Donald Trump is taking us into unchartered political territory. Never before has such a divisive, scandal-plagued figure occupied the White House. Nor have we ever witnessed a president openly flirt with authoritarianism. So far, the public has either not noticed or not cared about matters that would have sunk previous presidents. But how long can that last?

President Donald Trump is no ordinary President. He may prove to be such a singular outlier in the annals of American politics that voter responses will likewise break historical patterns. What’s sobering about Bartels’ paper, however, is that we see no signs of that. Yet.

The post The Political Landscape is Not Even Close to Being What You Think appeared first on Niskanen Center.



from nicholemhearn digest https://niskanencenter.org/blog/political-landscape-not-even-close-think/

They made a palazzo out of a Queen Anne

In the 1920s, the son of Daniel Burnham turned his Evanston home into something like he'd seen in Europe. Now the 6,700-square-foot house is on the market at just under $1.9 million.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180328/CRED0703/180329878/they-made-a-palazzo-out-of-a-queen-anne?utm_source=CRED0703&utm_medium=rss&utm_campaign=chicagobusiness

Illinois State may add an engineering program

There's so much demand from Illinois companies for engineers, university President Larry Dietz says his school may build out an engineering program.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180328/NEWS13/180329875/illinois-state-may-add-an-engineering-program?utm_source=NEWS13&utm_medium=rss&utm_campaign=chicagobusiness

Does lobbying pay? Ex-Exelon exec highlights former employer as poster child

A year-old presentation by Pennsylvania's former top environmental regulator, unearthed by a non-profit, illustrates in the bluntest terms possible how lucrative nuke subsidies are for Exelon.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180328/NEWS11/180329876/does-lobbying-pay-ex-exelon-exec-highlights-former-employer-as?utm_source=NEWS11&utm_medium=rss&utm_campaign=chicagobusiness

Thomas Harris, co-leader at McDonald's first PR agency, dies at 86

The ad man, who partnered with Alvin Golin to expand a single-client PR agency beyond its relationship with McDonald's, died March 26 at his Highland Park home. He was a jazz enthusiast.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180328/NEWS06/180329874/thomas-harris-co-leader-at-mcdonalds-first-pr-agency-dies-at-86?utm_source=NEWS06&utm_medium=rss&utm_campaign=chicagobusiness

Tuesday, March 27, 2018

Qantas eyes Chicago for new ultra-long-haul flight from Australia

It would be the first nonstop flight from Chicago to anywhere in Australia.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180327/NEWS10/180329880/qantas-eyes-chicago-for-new-ultra-long-haul-flight-from-australia?utm_source=NEWS10&utm_medium=rss&utm_campaign=chicagobusiness

Where does Chicago stand in the big tech derby?

Amazon, Google and now Apple have all rolled into town for one event or another recently. Do we truly have a shot at luring their big-time jobs and investments? Here's the latest.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180327/BLOGS02/180329881/where-does-chicago-stand-in-the-big-tech-derby?utm_source=BLOGS02&utm_medium=rss&utm_campaign=chicagobusiness

New Lakeview wine bar copied us, says New York chain

Lago Wine Bar is being sued by a New York-based restaurant group that claims it's copycatting its designs and recipes.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180327/BLOGS09/180329882/new-lakeview-wine-bar-copied-us-says-new-york-chain?utm_source=BLOGS09&utm_medium=rss&utm_campaign=chicagobusiness

Durbin blasts citizenship question on 2020 census

Illinois' senior senator and other Dems say the Trump admin decision could discourage Latinos from being counted.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180327/BLOGS02/180329884/durbin-blasts-citizenship-question-on-2020-census?utm_source=BLOGS02&utm_medium=rss&utm_campaign=chicagobusiness

At Lane Tech, Apple pursues Google in education with $299 iPad

During an event at the Chicago high school today, Apple showed it is going head-to-head with Google in education, a market the iPhone maker helped pioneer but has let languish.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180327/NEWS08/180329885/at-lane-tech-apple-pursues-google-in-education-with-299-ipad?utm_source=NEWS08&utm_medium=rss&utm_campaign=chicagobusiness

Durbin, docs laud new money for biomed research

The senator says the just-approved new federal budget should boost funding by more than $70 million a year in Illinois.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180327/BLOGS02/180329887/durbin-docs-laud-new-money-for-biomed-research?utm_source=BLOGS02&utm_medium=rss&utm_campaign=chicagobusiness

Chicago investor seizes Loop landmark

The 144-year-old, eight-story building on the northeast corner of Randolph and Dearborn could get a much-needed shot of life from its new owner.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180327/CRED03/180329891/chicago-investor-seizes-loop-landmark?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

Why some Americans are risking it and skipping health insurance

Prices and deductibles are rising. Networks are shrinking. And even some well-off Americans are questioning what they’re paying for.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180327/NEWS03/180329892/why-some-americans-are-risking-it-and-skipping-health-insurance?utm_source=NEWS03&utm_medium=rss&utm_campaign=chicagobusiness

3 Things to Check to Ensure Your Rental Property is Safe to Occupy

The following post is copyrighted by Austin Tenant Advisors - .

rental property safe from carbon monoxideWhether you rent a vacation rental property or rent a house zoned for office space use at the end of the day it’s your responsibility to ensure that it’s safe. Landlords that rent houses as office condos or vacation rentals are not typically responsible for the condition of the property. For example in many foreign countries carbon monoxide detectors are not required by law. You take the space “as is” and don’t even think about checking things that could cause injury or even death.

The moment you arrive at the rental property you need to check 3 things to ensure that you are safe from carbon monoxide poisoning or fire.

  1. Hot Water Heater – While it’s not possible to tell if a hot water heater is leaking, even if you stand right next to it, consider purchasing or traveling with a carbon monoxide detector and place it right outside the room that contains the heater and furnace. Hot water heaters are typically the common areas where you find carbon monoxide leaks. 
  2. Fire Extinguisher – Know where this is located and how to get to it quickly in the event there is an emergency.
  3. Know the Exits – Make sure you know where all the exits are to the rental property. Not just the front door. You need to make sure you locate all secondary exits and ensure that you will be able to find them in thick black smoke.

These 3 simple steps will ensure that you are danger free from carbon monoxide poising and fire.

The post 3 Things to Check to Ensure Your Rental Property is Safe to Occupy appeared first on Austin Tenant Advisors.

Why Not A Job Guarantee?

The U.S. government could commit to full employment by offering any willing and able person a job in public service. But should it? Known as a job guarantee, the once heterodox idea went mainstream last year with the endorsement of the Center for American Progress. While the specifics of any particular plan vary, CAP proposes “a large-scale, permanent program of public employment and infrastructure investment—similar to the Works Progress Administration during the Great Depression but modernized for the 21st century.”

Proponents argue that involuntary unemployment is a major source of social instability, and that public service employment, in particular, would help bring the country together. Nevertheless, here are three quick reasons why I don’t think a job guarantee is the way to go.

1: It’s a non-sequitur.

In policy debates, it’s always useful to specify the precise source of market failure that demands government intervention. In healthcare, for instance, single-payer proponents argue that private health insurance fails in the face of large adverse selection problems (see: “pre-existing conditions” and “death spirals”). Governments should thus step in to provide efficient universal insurance coverage, while hospitals and doctor offices continue to run in a decentralized manner as private or non-profit organizations. According to this view of the market failure in healthcare, nationalizing hospitals would be a non-sequitur.

There’s an analogy here to job guarantees. The market failure, as far as I can tell, is that recessions, and labor market frictions more generally, contribute to the phenomenon of “involuntary unemployment.” So why not attack this market failure head-on using monetary policy and employment subsidies, leaving the allocation of labor up to the market? In fact, the one thing that distinguishes proposals for a job guarantee from all other related proposals is the notion that public bureaucracies can do a better job at allocating labor than the market — a complete non-sequitur.

2: It would be easily politicized.

Notwithstanding glib remarks about “everything being political,” the market process and Congress really do operate according to different rules — one on the principle of profit and loss, and one on electoral success. Making the U.S. federal government an employer of last resort would therefore dramatically increase the politicization of the labor market.

The WPA in the New Deal era, whatever its other merits, was notorious for favoring urban, industrial states in the North over the agricultural South, and was used by the powerful Ways & Means committee to hand out political favors. Moreover, as a public employer with soft budget constraints, the WPA suffered from many of the same sort of principal-agent problems that typify non-commercialized state-owned enterprises, from shirking to misuse of funds.

While those problems are not insurmountable, proponents of job guarantees neglect the scale of this political-economic problem. FDR governed like a monarch, and thanks to a series of anti-corruption measures, the WPA was much more successful than it might have been. And yet even his job guarantee program was so beset by patronage and waste that it gave birth to the term “boondoggle.” Now imagine a job guarantee with the quality of governance under the current administration: One recession, and we’d have a permanent army of Border Patrol agents. If that sounds far fetched, don’t forget that the WPA was used to construct military facilities in America’s buildup to entering WWII, and was ultimately wound down to push public workers into military service.

3: Subsidized employment beats public employment.

Monetary policy and automatic fiscal stabilizers can support near-full employment without the political-economic problems of a job guarantee. New Zealand’s central bank, a historical leader in monetary policy innovation, recently updated its mandate to include “maximizing sustainable employment” alongside price stability. The Federal Reserve can and should interpret its dual mandate in an equally vigorous way.

“Would Active Labor Market Policies Help Combat High U.S. Unemployment?” – KansasCityFed.org

That said, even a strong economy will leave some marginalized or discouraged workers behind. Providing subsidies to private sector employers for hiring hard-to-employ groups, from the long-term unemployed to individuals with disabilities, is a realistic strategy for closing the last mile of involuntary unemployment. As I’ve noted before, the United States trails the developed world in spending on active labor market policies. Researchers at the Georgetown Center on Poverty and Inequality have published a review of the evidence from 40 years of U.S. employment subsidy programs and experiments, with many lessons for how a program with dedicated federal funding could work.

Indeed, within the OECD “direct job creation” is one of the least favored forms of “active labor market policy,” and for obvious reasons. The goal of ALMP is largely to ease the adjustment costs of economic shocks, like through job-search support and wage subsidies. “A large-scale, permanent program of public employment,” in contrast, does nothing to transition workers into newly productive sectors. On the contrary, it risks making the public sector its own source of labor market hysteresis, locking more potentially productive labor into non-market employment with each economic shock.

The post Why Not A Job Guarantee? appeared first on Niskanen Center.



from nicholemhearn digest https://niskanencenter.org/blog/not-job-guarantee/

Condo board moves to evict residents who sell to developer

A firm that's been buying up units in a Streeterville building is suing, alleging the association illegally adopted new rules to scare owners out of selling.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180327/CRED0701/180329893/condo-board-moves-to-evict-residents-who-sell-to-developer?utm_source=CRED0701&utm_medium=rss&utm_campaign=chicagobusiness

Chicago home price growth slowest in nearly 2 years

The 2.4 percent year-over-year local increase in January was the lowest since March 2016 and tied for the bottom on a list of 20 cities.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180327/CRED0701/180329894/chicago-home-price-growth-slowest-in-nearly-2-years?utm_source=CRED0701&utm_medium=rss&utm_campaign=chicagobusiness

GGP selling in $15 billion deal

The must-read stories to get your day started.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180327/MORNING10/303279999/ggp-selling-in-15-billion-deal?utm_source=MORNING10&utm_medium=rss&utm_campaign=chicagobusiness

Monday, March 26, 2018

Chicago's GGP selling for $9.25 billion

Brookfield Property Partners LP agreed to acquire the portion of GGP it doesn't already own and take over the second-largest U.S. mall owner.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180326/CRED03/180329896/chicagos-ggp-selling-for-9-25-billion?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

Providers screen cancer patients for quality of life concerns

A network of Chicago-area providers are working together to address cancer patients' needs beyond just healthcare services.

from nicholemhearn digest http://www.modernhealthcare.com/article/20180324/TRANSFORMATION01/180329967/providers-screen-cancer-patients-for-quality-of-life-concerns?utm_source=NEWS03&utm_medium=rss&utm_campaign=chicagobusiness

Stocks jump in best day since 2015

It's partly a sign that an escalation of trade tensions is beginning to ease.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180326/NEWS01/180329898/stocks-jump-in-best-day-since-2015?utm_source=NEWS01&utm_medium=rss&utm_campaign=chicagobusiness

Where are Data Centers Located in Austin Tx?

The following post is copyrighted by Austin Tenant Advisors - .

Data Centers in Austin TxReliable IT operations are a critical part of most organizations these days, especially to ensure business continuity. If a disaster occurs and one of your systems goes down your operations may be impaired or completely halted. However you can minimize any chance of disruption and enhance security by using a local data center which can offer a secure environment for your it equipment and minimize any chance of business disruption or security breach.

Most of them offer services such as redundant (aka backup) power supplies, Colocation, environment controls (e.g. AC, fire suppression, etc), redundant data communication connections, etc. Most data centers are located in industrial parks where you would need warehouse space for rent and in areas where there is fiber available. If you are looking for a data center to house your computer, server, and storage systems there are a few data centers in Austin Tx to choose from.

Data Centers In Austin, Tx

Data Foundry – Austin 1
7401 E Ben White Blvd, #1000
Austin, Tx 78741

Data Foundry – Texas 1
4100 Smith School Rd, Bldg 1
Austin, Tx 78744

Data Foundry – Texas 2
4100 Smith School Rd, Bldg 2
Austin, Tx 78744

CyrusOne Austin Data Center II
7301 Metropolis Dr, Bldg #6
Austin, Tx 78744

CyrusOne Austin Data Center III
7100 Metropolis Dr
Austin, Tx 78744

Flexential Austin Data Center
205 W 9th #201
Austin, Tx 78701

OnRamp Austin I
2916 Montopolis Dr #300
Austin, Tx 78741

OnRamp Austin II
7000-B Burleson Road, Suite 400
Austin, Tx 78744

The post Where are Data Centers Located in Austin Tx? appeared first on Austin Tenant Advisors.

O'Hare expansion plan passes another test but hits some bumps

As a City Council committee OKs $4 billion in bonds, minority aldermen ask more questions about work for Latinos and blacks, and a Puerto Rico bankruptcy ruling raises cost concerns.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180326/BLOGS02/180329899/ohare-expansion-plan-passes-another-test-but-hits-some-bumps?utm_source=BLOGS02&utm_medium=rss&utm_campaign=chicagobusiness

O'Hare expansion plan passes another test, but hits some bumps

As a City Council committee OKs $4 billion in bonds, minority aldermen ask more questions about work for Latinos and blacks, and a Puerto Rico bankruptcy ruling raises cost concerns.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180326/BLOGS02/180329899/ohare-expansion-plan-passes-another-test-but-hits-some-bumps?utm_source=BLOGS02&utm_medium=rss&utm_campaign=chicagobusiness

Like it or not, road paving season is about to begin

And City Hall is out with a list of the first 135 miles set for construction. Just about every section of town is set for work.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180326/BLOGS02/180329900/like-it-or-not-road-paving-season-is-about-to-begin?utm_source=BLOGS02&utm_medium=rss&utm_campaign=chicagobusiness

Leghorn Cafe in Ohio House Motel closes

Leghorn took over the motel's coffee shop in 2014. The restaurant had some success with a breakfast and lunch crowd, but never built a strong dinner following.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180326/BLOGS09/180329904/leghorn-cafe-in-ohio-house-motel-closes?utm_source=BLOGS09&utm_medium=rss&utm_campaign=chicagobusiness

Ex-Bear sells house he bought from ex-Bull

The Highland Park home sold for a bit over $1 million, less than both of them paid for it, in 2010 and 1994.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180326/CRED0701/180329902/ex-bear-sells-house-he-bought-from-ex-bull?utm_source=CRED0701&utm_medium=rss&utm_campaign=chicagobusiness

Job: Junior Counsel

We are hiring a junior attorney to work primarily on litigation pursued by our legal team.

Job Overview
The Niskanen Center seeks a lawyer with 3-5 years of litigation experience to join our legal team and work primarily on energy issues. The lawyer will report to Niskanen’s chief counsel.

The lawyer will work primarily on property rights issues created by the abuse of eminent domain by oil and gas pipeline companies, and potentially on public nuisance issues created by fossil fuel producers, cases challenging the Trump Administration’s immigration policies, and other interesting litigation.

Excellent legal thinking and writing are essential, and an entrepreneurial attitude will be rewarded.

Benefits
Competitive salary range, depending on qualifications and experience. Benefits include health and dental coverage, a flexible vacation policy, and professional development opportunities.

The Niskanen Center
The Niskanen Center is a nonpartisan 501(c)(3) think tank that works to promote an open society: a social order that is open to political, cultural, and social change; open to free inquiry; open to individual autonomy; open to the poor and marginalized; open to commerce and trade; open to people who may wish to come or go; open to different beliefs and cultures; open to the search for truth; and a government that protects these freedoms while advancing the cause of open societies around the world.

The Niskanen Center works to advance an open society both through active engagement in the war of ideas and direct engagement in the policymaking process. We develop policy proposals, mobilize other groups to support those proposals, promote those ideas to legislative and executive decision-makers, build short- and longer-term coalitions to facilitate joint action, initiate litigation to compel responses to defend property rights and individual rights, and marshal the most convincing arguments and information in support of our agenda.

Applying
Submit cover letter and resume to jobs@niskanencenter.org.

The post Job: Junior Counsel appeared first on Niskanen Center.



from nicholemhearn digest https://niskanencenter.org/blog/job-junior-counsel/

Retail down, industrial up among real estate stocks

It's become a familiar tale, as Chicago-area REITs highlight the impact that e-commerce continues to have on the industry.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180326/CRED02/180329903/retail-down-industrial-up-among-real-estate-stocks?utm_source=CRED02&utm_medium=rss&utm_campaign=chicagobusiness

Railroad buys 'Dark Knight' site

Union Pacific Railroad paid $12.2 million for the Brach's property in Austin, which played a memorable role in the 2008 Batman movie.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180326/CRED03/180329905/railroad-buys-dark-knight-site?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

Our most-viewed real estate stories in the past week

The new Apple store and Lake Geneva make the list.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180326/CRED03/180329906/our-most-viewed-real-estate-stories-in-the-past-week?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

USG rejects $5.9 billion offer

The Chicago-based wallboard maker called the proposal from Germany's Knauf "wholly inadequate."

from nicholemhearn digest http://www.chicagobusiness.com/article/20180326/NEWS05/180329907/usg-rejects-5-9-billion-offer?utm_source=NEWS05&utm_medium=rss&utm_campaign=chicagobusiness

The babies of Illinois' opioid epidemic

The must-read stories to get your day started.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180326/MORNING10/303269999/the-babies-of-illinois-opioid-epidemic?utm_source=MORNING10&utm_medium=rss&utm_campaign=chicagobusiness

Sunday, March 25, 2018

Crain's tells the stories of women in business

Our yearlong push has begun to elevate women's voices and be a catalyst for change in Chicago. Check it out.

from nicholemhearn digest http://www.chicagobusiness.com/woman-up?utm_source=NEWS07&utm_medium=rss&utm_campaign=chicagobusiness

Like our roundup? Share it around.

Forward this to your friends. Our one-click signup makes it easy to pass along the news.

from nicholemhearn digest http://www.chicagobusiness.com/section/newsletter-signup-daily-alert?utm_source=NEWS07&utm_medium=rss&utm_campaign=chicagobusiness

Friday, March 23, 2018

Corrections

The year Winston & Strawn opened a Dallas office was incorrect in a March 19 story. It was February 2017. Also, the firm's revenue should have been reported as nearly $979 million.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180323/ISSUE01/180329908/corrections?utm_source=ISSUE01&utm_medium=rss&utm_campaign=chicagobusiness

In withdrawal: The babies of Illinois' opioid epidemic

The crisis is battering its tiniest victims, whether their moms used legally or not during pregnancy. Illinois doctors and hospitals are hustling to help their youngest patients.

from nicholemhearn digest http://www.chicagobusiness.comhttps://bit.ly/2FTGVxn?utm_source=ISSUE01&utm_medium=rss&utm_campaign=chicagobusiness

How to Find Office Warehouse Space For Rent in Austin Tx

The following post is copyrighted by Austin Tenant Advisors - .

Office warehouse space in Austin TxSometimes your business needs to rent both office and warehouse space however finding the right balance between the two can be challenging. Before starting your search for office warehouse space it’s a good idea to sit down and think about your business needs and how you will be using the space. You also want to think about your ideal location and whether you need to be located close to a major highway or airport. For example most of the office warehouse space for rent in Austin tx is located in Southeast and Northeast Austin which just happen to be close to IH 35 and the Austin Bergstrom International Airport.

Office warehouse space is like flex space in that they are typically single story buildings with windows on the front. The spaces can be used for both office and warehouse use.

Things to consider when searching for office warehouse space

  • How much (in sf) office space do you need?
  • What is your ideal office layout (e.g. # of rooms, etc.)?
  • Will any of the office area be used for showroom space?
  • How many sf of warehouse space do you need?
  • How will your products be delivered (e.g. 18 wheeler or UPS type box trucks)?
  • Do you need dock high loading where an 18 wheeler or box truck and back up to?
  • Do you need grade level loading where you can drive a car into the warehouse?
  • Do you need air conditioning and heating (HVAC) in the warehouse?
  • What is your ideal office warehouse location?

If you have any questions about renting office warehouse space feel free to contact us for more info.

The post How to Find Office Warehouse Space For Rent in Austin Tx appeared first on Austin Tenant Advisors.

Most Expensive Office Space in Austin Tx

The following post is copyrighted by Austin Tenant Advisors - .

most expensive office space in austinIf you are looking for the most expensive office space in Austin Tx then look no further than downtown Austin.

With its abundance of lifestyle and entertainment options for clients and employees as well as being the center of government and business for the region, many companies feel that having an office in downtown Austin is a must.

The flip side is that you have to pay for it. Office space rental rates in downtown Austin will by far be the highest across the Austin-Round Rock Metropolitan area.

Below are a few of the most expensive office spaces in Austin, Tx.

#1. Frost Bank Tower – 401 Congress Ave, Austin, Tx 78701

Asking Base Rate = $45 + 
Estimated NNN = $27
Total Asking Rate = $72 SF

#2. 100 Congress Ave, Austin, Tx 78701

Asking Base Rate = $42
Estimated NNN = $23
Total Asking Rate = $66 SF 

#3. San Jacinto Center – 98 San Jacinto Blvd Austin, Tx 78701

Asking Base Rate = $38
Estimated NNN = $22
Total Asking Rate = $60 SF

#4. One Eleven – 111 Congress Ave, Austin, Tx 78701

Asking Base Rate = $37
Estimated NNN = $21
Total Asking Rate = $58 SF

The post Most Expensive Office Space in Austin Tx appeared first on Austin Tenant Advisors.

3 Biggest Mistakes Startups Make When Renting Commercial Real Estate

The following post is copyrighted by Austin Tenant Advisors - .

mistakes startups make when renting commercial spaceIf you are a startup or new business at some point you will have to rent commercial real estate. You try to avoid having that expense for as long as you can however as your headcount grows and your business needs change you have no choice but to find office, retail, or warehouse space for rent. There are many mistakes that I have seen made however below are the 3 big ones.

Leasing Too Much Commercial Space

Many times new businesses or startups lease way too much space. You typically only need about 150 to 175 sf per person as long as the buildings parking ratio allows it. Also, they get too caught up in having all the cool fun space right off the bat. Yes it’s nice to have a game room with a ping pong or foosball table, or a lot of fun trendy lounge areas, however if you are a startup or new business you need to be smart about this.

I know you want to impress your visitors and want to recruit and retain employees however it’s important that you keep your operating expenses low until the business is more stable. You can rent a bunch more office space later on to turn into fun hangout areas later on. But for now lease as little space as you can get away with.

Renting the Most Expensive Commercial Real Estate

I know recruiting and retaining employees is important however you don’t have to rent the most expensive commercial space to accomplish this. Everyone knows that most startups are not profitable for the first few years and have to watch the numbers. So go find a nice class B or C space that you can live with for now. Ikea has lots of inexpensive cool furniture that you can buy to make your space look trendy. Keep your costs low and your investors will love you for it. When you are making lots of money then consider renting the most expensive commercial space.

Signing a Long Commercial Lease 

In a hot market many landlords will try to force you into a long term lease. Don’t be pressured into doing so unless it makes business sense. Find a commercial space that will allow you to lease for 3 years or less. If you search hard enough you will find a handful of property owners that will do shorter term leases. When your company is more established and stable then consider signing a 3-5 year lease. 

The post 3 Biggest Mistakes Startups Make When Renting Commercial Real Estate appeared first on Austin Tenant Advisors.

Tao Asian fusion coming to old Limelight building

The restaurant, which boasts a celebrity clientele in New York, L.A. Sydney and Las Vegas, plans to open this summer in River North. Plus: More food and drink news you can use.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180323/BLOGS09/180329911/tao-asian-fusion-coming-to-old-limelight-building?utm_source=BLOGS09&utm_medium=rss&utm_campaign=chicagobusiness

Higher Chicago heating bills fuel bonus bump for Milwaukee execs

The president of the Wisconsin parent of Peoples Gas can thank the Chicago utility's double-digit earnings growth for his $3 million cash bonus.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180323/NEWS11/180329912/higher-chicago-heating-bills-fuel-bonus-bump-for-milwaukee-execs?utm_source=NEWS11&utm_medium=rss&utm_campaign=chicagobusiness

Cook County wants to give back $94 million in excess property taxes

Treasurer Maria Pappas says her website now offers an easy way to find out if you overpaid.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180323/BLOGS02/180329913/cook-county-wants-to-give-back-94-million-in-excess-property-taxes?utm_source=BLOGS02&utm_medium=rss&utm_campaign=chicagobusiness

Is Mariano's parent merging with Target?

Shares of grocery giant Kroger, which owns Mariano's, jumped today on a report that it's in talks to merge with Target. But sources tell two biz sites there is "no truth" to it.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180323/NEWS07/180329915/is-marianos-parent-merging-with-target?utm_source=NEWS07&utm_medium=rss&utm_campaign=chicagobusiness

Considerations When Renting Medical Office Space

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considerations when leasing medical office spaceRenting medical office space will be one of your biggest expenses when owning your own medical practice. The location of your medical space, type of space, amount you pay in rent, etc will have a huge impact on the success of your medical practice. Therefore it’s important that you thoroughly research your options, pick the right space, and negotiate the best deal possible. Below are a few considerations when renting medical office space.

Medical Building Accessibility

Not all professional office buildings will give your patients 24 hour access or be accessible outside their normal building hours. In professional offices building hours may be 7am to 6pm Monday – Friday and 8am to 12pm on Saturday. The only way you can access the building is if you have a rfid card and your patients would have to call you to come down to let them in.

If your medical practice typically sees patients during hours outside these hours then make sure you find a building that will accommodate after hours access. Or find a space that allows you to have your own direct entrance. Most medical office buildings have building hours that accommodate most medical practices.

Biohazardous Medical Waste

Most medical practices handle biohazards so make sure the building you are considering is equipped to handle that. Most office buildings that are labeled as medical office space typically do. If you are renting a standard professional office then you will have to work out the details.

After Hours HVAC

Again most professional office buildings have standard building hours of 7am-6pm Monday-Friday and 8am-12pm on Saturday. That also means that those are the hours that the HVAC (Heating, Ventilation, Air Conditioning) is included in your operating expenses. If you have any HVAC needs outside of those hours you will end up paying up to $25 per hour. 

Medical office buildings are set up to where each tenant pays their utilities on their own so they can have the HVAC on 24/7 if they like. And they avoid any hourly fees. As you evaluate office spaces make sure you know how the utilities will be handled. Is after hours HVAC included or is there an hourly fee. Are you able to separately meter the after hours HVAC?

Security For Medical Patients

You want to ensure that your staff and patients are safe. Find out what security is available in the building if any. If there is what is the process for contacting.

Medical Office Space Parking

Medical practices typically have high parking needs. You need parking for your staff and patients. Make sure the building you are going to rent from has enough parking to accommodate your needs. Find out where it is located. The more difficult it is for your patients to park the less likely they will want to come to your medical office.

The post Considerations When Renting Medical Office Space appeared first on Austin Tenant Advisors.

Four Thoughts on John Bolton as National Security Advisor

As rumored last week, President Donald Trump has fired his National Security Advisor H.R. McMaster and will replace him with former Bush administration official John Bolton. Here are four quick thoughts on Bolton’s appointment:

First, the interagency process is in for a wild ride with Bolton at the helm. Bolton did not make many friends during his time in the Bush administration due to the stridency of his views and unwillingness to compromise. Writing today at Politico, Michael Hirsh describes how even Bolton’s superiors had to maneuver around him:

During his tenure as George W. Bush’s undersecretary of state for arms control, and later as a recess-appointed U.N. ambassador, Bolton often enraged U.S. allies with his recalcitrance to the point where both Secretary of State Colin Powell and his successor, Condoleezza Rice, sought to get rid of him. At a meeting in London in November 2003, Powell’s counterpart, British Foreign Secretary Jack Straw, complained to the secretary of state that Bolton’s belligerence was making it impossible to reach allied agreement on Iran’s nuclear program. Powell turned to an aide and said, “Get a different view,” according to a government source at the time. Unbeknownst to Bolton, the aide then interviewed experts in Bolton’s own Nonproliferation Bureau. The issue was resolved only after Powell adopted softer language recommended by these experts on how and when Iran might be referred to the U.N. Security Council.

However, Matthew Waxman, who served in the Bush administration, writing today at Lawfare, highlights Bolton’s skills as a bureaucratic operator.  There have been reports in recent months that Secretary of Defense James Mattis had been slow walking requests for plans for a strike on North Korea made by McMaster. Bolton though, may prove to be a more bureaucratic adversary than an active-duty general with less experience managing the civilian bureaucracy. Moreover, with the State Department in shambles following Rex Tillerson’s tenure, and Mike Pompeo—whose views on Iran and North Korea align with Bolton’s—taking over at Foggy Bottom, Mattis will have fewer allies on whom he can rely to have his back.

Second, given Bolton’s views, and his bureaucratic skils, war with North Korea and/or Iran is more likely, but that does not mean it is imminent or inevitable. Bolton is an uberhawk. However, even though he will be in a position to influence the president and can make sure his views are heard over those of other top officials, there are constraints on his influence as well. Political scientist Elizabeth Saunders, who has done pioneering research on the role of presidents in foreign policy, and more recently on the role of advisors, has a short post on the Washington Post’s Monkey Cage blog explaining why.

Despite the importance of advisors to presidents who, like Trump, have little foreign policy experience, Saunders cites several reasons why Bolton may not be able to sell a new war. The most important, I think, is based on forthcoming experimental research in which Saunders found that hawkish advice to a Republican president does not necessarily resonate with the public because it is not considered surprising. If the advice of a leading advisor fails to resonate, it will make it harder to win public support for a new conflict—particularly if members of congress push back against the policy.

Third, while war in the short run still remains a distinct possibility, the bigger problem may be the way in which Trump and Bolton’s shared unilateralism and nationalism makes it more likely over the long run. As Saunders explains:

One set of views he shares with Trump is disdain for international institutions, alliances and norms — the often-invisible backbone of much of U.S. foreign policy for the past 70 years. His appointment is likely to lead to the further erosion of U.S. commitments in these areas.

And finally, fourth: after this appointment, anyone who thought Donald Trump was the “dove” in the 2016 election should have his or her pundit and/or analyst card revoked.

The post Four Thoughts on John Bolton as National Security Advisor appeared first on Niskanen Center.



from nicholemhearn digest https://niskanencenter.org/blog/four-thoughts-on-john-bolton-as-national-security-advisor/

A Gold Coast condo gets a designer's touch

Rehabbed with stylish new finishes and reworked spaces, the 19th-floor condo on Cedar Street will go on the market Monday at $1.7 million.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180323/CRED0701/180329917/a-gold-coast-condo-gets-a-designers-touch?utm_source=CRED0701&utm_medium=rss&utm_campaign=chicagobusiness

Wayne Huizenga, Waste Management founder, dies at 80

An entrepreneur who started his career owning a single garbage truck in Chicago, he built his empire to include Blockbuster Video and AutoNation.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180323/NEWS07/180329918/wayne-huizenga-waste-management-founder-dies-at-80?utm_source=NEWS07&utm_medium=rss&utm_campaign=chicagobusiness

From Boeing to soybeans, China's retaliation list is long

A $3 billion counter punch to President Trump's tariffs is just the first move from the world's second-largest economy. History suggests it won't be the last.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180323/NEWS02/180329921/from-boeing-to-soybeans-chinas-retaliation-list-is-long?utm_source=NEWS02&utm_medium=rss&utm_campaign=chicagobusiness

What Amazon's team saw and did in Chicago

The HQ2 reconnaissance team got a whirlwind tour including a trip on the Chicago River, a meal overlooking Millennium Park and a visit to 600 W. Chicago.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180323/BLOGS11/180329922/what-amazons-team-saw-and-did-in-chicago?utm_source=BLOGS11&utm_medium=rss&utm_campaign=chicagobusiness

How vulnerable is Chicago's mayor?

The incumbent holds a clear edge as Garry McCarthy jumps into the race for control of City Hall. But it's early.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180323/BLOGS02/180329924/how-vulnerable-is-chicagos-mayor?utm_source=BLOGS02&utm_medium=rss&utm_campaign=chicagobusiness

Thursday, March 22, 2018

AbbVie stock tanks after setback for lung cancer drug

The company's shares tumbled almost 13 percent.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180322/NEWS03/180329930/abbvie-stock-tanks-after-setback-for-lung-cancer-drug?utm_source=NEWS03&utm_medium=rss&utm_campaign=chicagobusiness

Democrats coalesce around health care for 2020

Senator Elizabeth Warren introduced new legislation on Wednesday that is an upgraded version of the Affordable Care Act—though "nowhere close" to progressives' various single-payer or "Medicare for all" proposals, Jonathan Bernstein writes.

from nicholemhearn digest http://www.chicagobusiness.comhttps://www.bloomberg.com/view/articles/2018-03-22/warren-fellow-democrats-coalesce-around-health-care-for-2020?utm_source=NEWS03&utm_medium=rss&utm_campaign=chicagobusiness

There should be 5,261 more female CEOs in Illinois

When it comes to women running businesses, Illinois has done a better job at combating the country's gender disparity than the United States and the Midwest as a whole. But we still have a ways to go.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180322/OPINION/180329999/there-should-be-5261-more-female-ceos-in-illinois?utm_source=OPINION&utm_medium=rss&utm_campaign=chicagobusiness

Ferro's investment partners mum in wake of #MeToo allegations

Chicago's most powerful men invested and partied with the former chairman of Chicago Tribune parent Tronc, but they don't want to talk about him now.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180322/NEWS06/180329938/ferros-investment-partners-mum-in-wake-of-metoo-allegations?utm_source=NEWS06&utm_medium=rss&utm_campaign=chicagobusiness

Sirott, Murciano list Wilmette home for $1.79 million

The former broadcasters, who received a foreclosure notice on the property recently, have listed their six bedroom, 5,042-square-foot house.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180322/NEWS12/180329941/sirott-murciano-list-wilmette-home-for-1-79-million?utm_source=NEWS12&utm_medium=rss&utm_campaign=chicagobusiness