The Return of Liquidity in Real Estate

July 21, 2026

For the first time in several years, commercial real estate investors are operating in an environment where capital availability appears to be improving rather than deteriorating. While elevated interest rates and macroeconomic uncertainty continue to create challenges, debt and equity…

Railroads and the Gilded Age of Artificial Intelligence

July 13, 2026

Signs of the artificial intelligence revolution are becoming part of everyday life. AI now summarizes meetings, drafts emails, recommends what we watch and buy, improves smartphone photos, flags credit card fraud, routes deliveries, answers customer service questions, and more. Driverless…

Free Hugs

July 6, 2026

Like many, my Fourth of July celebrations included reflecting on the ideals of liberty, opportunity, and self-government that bind us together as Americans. Inevitably, these reflections led me to lament the political disagreements that appear to have become more personal…

1776 to 2026: A 250-Year Work in Progress

June 29, 2026

We will celebrate our country’s 250 years of existence this week. The celebrations will include spectacular displays of fireworks across the country from major cities to backyards in rural towns. The night sky will be lit up by Saturn Missiles…

Singapore: The City‑State That Became a Corporation

June 22, 2026

The last time I visited Singapore was in 1977, and returning today feels like stepping into an entirely different world. The small, humid trading post I remember has transformed into one of the most efficient, orderly, and economically disciplined societies…