It's a hard lesson of history that even indirect ownership of something — land, equities, commodities — is safer than owning a political promise (cash).
Customary laws can also be discriminatory, although Judy Adoko and Simon Levine, from the Land and Equity Movement in Uganda, pointed out in an article published on the Katine website last year that sometimes customary laws do afford women many rights, but they are not applied correctly.
In fact, he said that Goldman "isn't partnering with us for the quality of our real estate offerings" but because of an expanded range of offerings that it plans to roll out over time, including real assets like farm land, private equity investments and even credit.
Lincoln's particular investments took the form of buying land, taking equity positions in real estate development projects, and buying high-yield junk bonds.
While the collapse of land and equity prices began in 1990 and was far advanced by 1992, persistent regulatory forbearance delayed a thorough recapitalization of Japan's banks for more than a decade (see here).
Q. Have you arranged for financing on that project yet? A. We purchased the land with all equity, with a partnership group, and we have multiple offers for the construction financing.
This is perhaps unsurprising in Brazil, a country in which the City Statute law, passed in 2001, enshrines the right to the city in the form of a new legal-urban order to provide land access and equity in Brazil's large metropolitan centres.
The model incorporates feedbacks among the land, transportation, economic, equity, and energy sectors.
In that role, Shoup will oversee Lyft's multi-modal transportation efforts as they pertain to equity, land use, autonomous vehicles and more.
