Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
And it is not just the “little guys” who are having a hard time. Ask anyone in the distressed real estate business what they are seeing and you will hear there are scores of prime properties all over downtown and the rest of the city in big trouble. Large tenants are having trouble paying rent, don’t want as much office space, and won’t stay in buildings that don’t give major concessions. There is a bloodbath coming in commercial real estate and our new mayor is clueless. Good luck on getting funding for the CPS pension shortfalls from the new property… Read more »