BIG NEWS: @Arnold_Ventures is launching a major new infrastructure initiative today, and I’m thrilled to join them as their first-ever EVP for Infrastructure to drive progress toward building faster, better, and lower-cost in the U.S. [1/x]
Arnold Ventures is excited to formally announce the launch of our bold new infrastructure initiative, which will support research, policy development, and advocacy aimed at building U.S. infrastructure faster, better, and at lower cost. (1/)
https://t.co/DBz4ddS6QH
A country that can't build enough homes, enough power, enough infrastructure, enough innovation, and enough opportunity is going to struggle to maintain public trust. That’s why I created the Build America Caucus, so we can get back to building again.
Most Playoff Points by a Player Drafted in 2018:
2,107 — Jalen Brunson
1,697 — Luka Doncic
1,600 — Shai Gilgeous-Alexander
1,004 — Mikal Bridges
974 — Michael Porter Jr.
I'm pleased to invite @Wemby to our second Commission on Government Efficiency hearing on Wednesday June 10th 5-8pm, where we'll be asking the public for their thoughts on how government can run better. Would love to have you there for the whole time!
My only NBA finals analysis is that I knew Jalen Brunson fairly well when he was in high school, and now run into him like once every 12 to 18 months at NBA events, and he is still consistently kind, humble, thoughtful and friendly. Ego has not visibly grown since he was 16.
Real deal human being in public and private. Happy to see someone so deserving having so much success.
Most points scored in the clutch in the NBA playoffs since the start of the 2023 postseason:
1. Jalen Brunson: 139
2. Shai Gilgeous-Alexander: 82
3. Nikola Jokic: 67
#KnicksNeedADude
In my experience, a lot of elected officials who get the case for YIMBYism theoretically still worry that it’s bad politics.
I hope everyone takes note that @Scott_Wiener, probably the single best-known YIMBY champion around, just won his race handily.
RAND just dropped the most comprehensive study yet of Measure ULA.
High-value transactions 31%🔽. Apartment production 30%🔽. Buildings that sold passed the tax through to tenants as higher rents. ~$452M in lost revenue to city, county & schools. ~16,000 construction jobs lost.
The U.S. is now spending more on data center construction than on public transportation infrastructure, according to new Census Bureau figures out today (https://t.co/2SonuBrsvY)
After many conversations over past year with friends, business associates & policymakers about the future of AI job disruption, I’ve tried to get my thoughts in order. With the caveat that I have no specific AI expertise, here they are. Comments and corrections encouraged.🧵
1/n
"Removing existing [building] height constraints would increase average worker welfare by 7.0% in developed economies," while reducing the physical footprint of cities.
Good synopsis on the pathbreaking work of @Ahlfeldt, Baum-Snow and Jedweb on economics of skyscrapers ⤵️.
America's cultural ideal has been the self-made entrepreneur while Europe's was rooted in aristocracy, with status inherited rather than earned. Europe's inheritance laws show this divide.
Many European countries have "forced heirship" laws that require people to leave 50-75% of their estates to their children. Want to leave the majority of your wealth to charity? not allowed. Your kids are estranged from you, struggling with addiction, or irresponsible? still required to give them the money. Want your kids to avoid a life of entitlement? tough.
Incredibly, these laws look back at transfers made during your lifetime. If you have 3 children in France, you're required to bequeath them a minimum of 75% of your estate. Because French law calculates this based on your assets at death plus all lifetime gifts, giving away more than 25% of your wealth while alive means your heirs can legally sue to force charities or foundations to return the funds. This has limited the development of the nonprofit sector on the continent.
The cultural gap between an entrepreneurial society and one shaped by dynastic wealth is enormous. If you make it yourself, you tend to want your kids to do the same. If you inherit it, the primary goal is protecting the estate for the next gen.
Countries like Spain, France, and Italy legally entrench family dynasties, while America has historically sought to limit them through estate taxes. The result is not only a weaker culture of philanthropy and civil society in Europe, but also less economic dynamism.
BuildCasa is on track to deliver California’s first completed SB 684 project.
In the past, a project like this would almost certainly be a rental.
We’re using the latest tools to create four new fee-simple townhomes plus a renovated existing unit, each sold separately to homeowners at ~30% below average.
SB 684 is opening the door to a new generation of small-scale infill housing, and we’re proud to be proving what’s possible.
Congratulations to everyone on the team who helped permit, design, and build this project.
This morning we are introducing COGE — the Commission on Government Efficiency. This Commission will find ways for our city to work smarter, faster, and more effectively for working people. New Yorkers deserve a city government as careful with their money as they are.
Pairs nicely with the new book from @jenniferdoleac -- who leads Arnold's criminal justice work -- called The Science of Second Chances. You will learn a lot from reading/listening to both!
Exciting new criminal justice and public safety podcast called Fighting Crime just launched, created by my colleagues at @Arnold_Ventures. Give it a listen/follow. https://t.co/FIBXMnSFle