Coruscation

IN recent years, a trend has emerged in the behavioral sciences toward shorter and more rapidly published journal articles. These articles are often only a third the length of a standard paper, often describe only a single study and tend to include smaller data sets. Shorter formats are promoted by many journals, and limits on article length are stringent -- in many cases as low as 2,000 words.

This shift is partly a result of the pressure that academics now feel to generate measurable output. According to the cold calculus of "publish or perish," in which success is often gauged by counting citations, three short articles can be preferable to a single longer one.

But some researchers contend that the trend toward short articles is also better for science. Such "bite size" science, they argue, encourages results to be communicated faster, written more concisely and read by editors and researchers more easily, leading to a more lively exchange of ideas.

In a 2010 article, the psychologist Nick Haslam demonstrated empirically that, when adjusted for length, short articles are cited more frequently than other articles -- that is, page for page, they get more bang for the buck. Professor Haslam concluded that short articles seem "more efficient in generating scientific influence" and suggested that journals might consider adopting short-article formats.

Continue reading "Shorter reports are not better science" »

Posted by at 4:14 PM | Permalink | Comments (0) | TrackBacks (0)

Mr. Walsdorf said that when Flank began selling condos at 385 West 12th Street, a building completed last year, buyers were interested in combining the smallish units, and "we hadn't really allowed for that possibility in the layouts." This time the firm decided to build large units and stuck to it, even after the financial collapse of 2008. (VillageCare, which operated the nursing home, agreed to sell the building in 2007 but was unable to move out until 2009.)

The conversion of public or institutional buildings into upper-class housing has a long history in New York. The former police headquarters at 240 Centre Street is a condo building, as are the former Y.M.C.A. on West 23rd Street and several former school buildings around the city. The onetime New York Lying-In Hospital, at 305 Second Avenue, is the Rutherford Place condos.

To housing advocates, those conversions represent a victory for the wealthy. Jerilyn Perine, the executive director of the Citizens Housing and Planning Council, an advocacy group, said it was important that the city adopt regulations "so that denser housing, particularly for singles, has a fighting chance in the market." She added, "It's great to have people with a lot of money living here -- we need their taxes and spending power -- but the loss of density is tragic, especially where mass transit access is so great."

But at least in the case of the Village Nursing Home, the rich will not be the only beneficiaries. A few years ago, residents there were crammed into outdated rooms that averaged less than 300 square feet per person (current regulations require at least 500). VillageCare was able to build a more modern facility, the VillageCare Rehabilitation and Nursing Center at 214 West Houston Street, using money from the sale of the Hudson Street building. A spokesman for VillageCare, Lou Ganim, said residents remaining in the Village Nursing Home at the time it was sold were transferred to the new facility.

Indeed, sometimes preservation advocates look to condo developers as white knights. Since the Bialystoker Center for Nursing and Rehabilitation on East Broadway closed last year, Laurie Tobias Cohen, the executive director of the Lower East Side Jewish Conservancy, has been "extremely eager" for a developer to buy the historic building and convert it to co-ops or condos. The closing of the nursing home was a great loss, she said; the goal now is to prevent the demolition, or further deterioration, of the building. "What we don't want," she said, "is to lose any more of the built historic fabric."

Continue reading "Bigger apartments for NYC " »

Posted by at 8:22 PM | Permalink | Comments (0) | TrackBacks (0)

Some deal detail:

Instead of foreclosing on the 39-story building, which stretches from 52nd Street to 53rd Street, the lenders agreed last month to reduce the principal and defer some of the interest payments on the interest-only loan and extend its maturity for two years, until February 2019. In exchange, Kushner and its powerful new partner in the deal, Vornado Realty Trust, agreed to pour tens of millions of dollars into the building to improve its leasing prospects. The 1.5-million-square feet office building is currently 30 percent vacant.

Continue reading "Commercial Real Estate (Re-)Finance, NYC Offices 2007-2012" »

Posted by at 9:01 PM | Permalink | Comments (0) | TrackBacks (0)

The area has long been populated by members of the working and creative classes, joined recently by professionals.

Doug Bowen, a resident and senior vice president of CORE real estate, said the average house price last year was $975,000 or $395 per square foot, virtually unchanged from 2010. Andrea Yarrington, a vice president of the Corcoran Group, said houses took an average of 136 days to sell, versus 347 in 2010.

Ms. Yarrington added that 15 condos sold in 2011, for an average of $452 per square foot. A search on Streeteasy.com showed four co-ops, three condos and three town houses on the market.

Continue reading "Wallabout, Brooklyn" »

Posted by at 8:34 PM | Permalink | Comments (0) | TrackBacks (0)

Will be following the 2012 election season, and tracking the Republican delegate count.

Romney
Gingrich
Paul
Santorum ?

And do not forget Huntsman, stand-in for Vice President.

See also the Obama is Stupid meme deconstructed, and Obama Will Win the Long Game.

Posted by at 8:53 PM | Permalink | Comments (0) | TrackBacks (0)

Market Vectors High Yield Municipal Bond ETF (HYD)

This ETF was one of our picks for 2011, and delivered such an impressive return that we felt compelled to include it once again for the upcoming year. As the name suggests, HYD focuses on debt securities from municipal issuers that receive below investment grade ratings. Specifically, the underlying index consists of a 75% weight in below investment grade securities and a 25% allocation to Baa / BBB-rated bonds. Many of the securities found in HYD come from arrangements between municipalities and private corporations, which explains why about a quarter of the portfolio is dedicated to tobacco-related issuers [see High Yield ETFdb Portfolio].

Given the anxiety over the health of the muni bond market-especially high yield muni bonds with less-than-perfect credit ratings-it shouldn't be surprising that HYD can make a potentially attractive payout. For investors in the 25% tax bracket, the tax equivalent 30 day SEC yield is in the neighborhood of 7.7%; those in the top 35% bracket can get a return equivalent closer to 8.8%.

Posted by at 11:41 PM | Permalink | Comments (0) | TrackBacks (0)

Words: From a sufferer's perspective, anxiety is not epochal. It is always and absolutely personal.

Posted by at 6:12 AM | Permalink | Comments (0) | TrackBacks (0)

Liquid Space is like an AirBnB for coworking space and real estate: blog.

Big in San Francisco, California and NY.

Posted by at 3:32 AM | Permalink | Comments (0) | TrackBacks (0)

Financial benchmarks in this area can differ radically from those in places where more people are struggling to put food on the table. Many of Nassau's affluent families think of themselves as practically middle class, saying that property values and taxes are so high that $380,000 does not go very far.

"On Long Island, it's barely a living," said Steven R. Schlesinger, a lawyer and professional poker player. "In Plano, it's a living."

The cutoff for the 1 percent varies depending on how income is calculated. On the low end, an analysis of census data puts the cutoff at $380,000 for a household and provides a wealth of demographic characteristics that were used in this article. On the high end, the Federal Reserve's Survey of Consumer Finances, which uses a broader measure of income that includes capital gains, yielded a cutoff of $690,000 in 2007, the most recent year of data available. The Tax Policy Center, a nonpartisan group, makes projections based on Internal Revenue Service data and adjusts for people who do not file taxes. It puts the cutoff at $530,000 per tax return in 2011. Even by that gauge, though, $380,000 would still put a family well above the 95th percentile. There is little current data that would allow a measurement of the 1 percent by wealth.

Continue reading "$380,000 is middle class on Long Island, NY" »

Posted by at 5:31 AM | Permalink | Comments (0) | TrackBacks (0)

His approach was almost free-form: he made us hold poses for a long time but taught no inversions and few classical postures. Throughout the class, he urged us to pay attention to the thresholds of pain. "I make it as hard as possible," he told the group. "It's up to you to make it easy on yourself."

A number of factors have converged to heighten the health risk of practicing yoga. The biggest is the demographic shift in those who study it. Indian practitioners of yoga typically squatted and sat cross-legged in daily life, and yoga poses, or asanas, were an outgrowth of these postures. Now urbanites who sit in chairs all day walk into a studio a couple of times a week and strain to twist themselves into ever-more-difficult postures despite their lack of flexibility and other physical problems. Many come to yoga as a gentle alternative to vigorous sports or for rehabilitation for injuries. But yoga's exploding popularity -- the number of Americans doing yoga has risen from about 4 million in 2001 to what some estimate to be as many as 20 million in 2011 -- means that there is now an abundance of studios where many teachers lack the deeper training necessary to recognize when students are headed toward injury. "Today many schools of yoga are just about pushing people," Black said. "You can't believe what's going on -- teachers jumping on people, pushing and pulling and saying, 'You should be able to do this by now.' It has to do with their egos."

In a 2003 article in Yoga Journal, Carol Krucoff -- a yoga instructor and therapist who works at the Integrative Medicine center at Duke University in North Carolina -- revealed her own struggles. She told of being filmed one day for national television and after being urged to do more, lifting one foot, grabbing her big toe and stretching her leg into the extended-hand-to-big-toe pose. As her leg straightened, she felt a sickening pop in her hamstring. The next day, she could barely walk. Krucoff needed physical therapy and a year of recovery before she could fully extend her leg again.

Continue reading "Yoga, dangerous ?" »

Posted by at 3:06 PM | Permalink | Comments (0) | TrackBacks (0)

January 10, 2012
MetLife to Close Mortgage Unit
By BLOOMBERG NEWS

MetLife, the nation's largest life insurer, announced Tuesday that it would close its home mortgage-origination operation, costing the company at least $90 million. Most of the 4,300 employees at the unit will lose their jobs.

"The majority will no longer have a position," said John Calagna, a spokesman for MetLife. Most of the workers at the business are based in Irving, Tex., Mr. Calagna said.

MetLife said in October that it was seeking a buyer for its mortgage unit after announcing plans to sell deposit-gathering operations to reduce federal oversight. The company reached a deal last month to sell about $7.5 billion of its bank's deposits to General Electric.

The Federal Reserve, which oversees MetLife because of its size and banking operations, rejected its plan last year to raise its dividend and resume share buybacks.

The insurer said affected employees include sales representatives and support staff members. The company has not begun dismissals and will give employees 60 days' notice, Mr. Calagna said. Workers can apply for other positions in the company, he said.

MetLife will continue to service current home-loan clients and offer reverse mortgages, the company said. The wind-down may cost as much as $110 million, according to the statement.

Continue reading "Metlife Mortgage, RIP" »

Posted by at 12:22 AM | Permalink | Comments (0) | TrackBacks (0)

Formspring is a cross between survey sites like SurveyMonkey and answer like sites like eHow, WikiHow, YaHoo! answers and Quora.

Posted by at 10:21 PM | Permalink | Comments (0) | TrackBacks (0)

VelocityShares Inverse VIX ETN (XIV)

This ETN offers daily inverse exposure to an index comprised of investments in short-term VIX futures contracts-a strategy that has struggled mightily in 2011 thanks to heightened volatility and backwardated markets. Though XIV has lost more than 40% of its value in 2011, there is reason to be optimistic that at least the beginning of 2012 will be more favorable. The VIX, a measure of expected equity market volatility, has declined considerably in recent weeks as optimism over the global economy has returned. And more importantly for XIV, contango in VIX futures markets has also returned; the futures curve now has a steep upward slope, a condition that can give a nice boost to the strategy employed by XIV [see also Low Volatility ETFs Attracting Big Inflows].

Given that XIV utilizes a futures-based strategy to deliver inverse exposure, this ETN probably isn't appropriate for risk-averse investors who aren't willing or able to regularly monitor their positions. But for those who grasp the complexities associated with XIV, the current environment might just be perfect for this ETN. XIV might not be a good ETN to own throughout 2012, but it certainly seems to be positioned nicely for a strong start to the year.

Posted by at 11:43 PM | Permalink | Comments (0) | TrackBacks (0)

"You want to maximize the amount of times that daylight bounces inside the room," Mr. Tanteri said. To do so, he suggested using light colors that are "close to white" on ceilings, walls and floors, and avoiding glossy finishes. "Glossy surfaces can actually be a detriment because they can create glare," he said. "The safest finishes are matte finishes, because they reflect light in all directions."

¶ Mr. Steinberg also recommends using light hues, and offered specific paints. "Linen White by Benjamin Moore is a very reliable, sell-your-house coat of paint," he said. He suggested another Benjamin Moore color, Decorators White, for the ceiling and trim.

¶ On a related note, Mr. Tanteri said: "You don't want to cover the wall with dark hangings. Paintings and posters will absorb light."

¶ As for reducing light obstructions, "Orient objects in the room to promote the flow of daylight," he said. "So, things like bookshelves and partitions should be perpendicular to the window wall."

¶ Mr. Tanteri also says that light from the top of a window will reach the farthest into the apartment, so it is important not to block that part of the window with heavy blinds or drapery.

¶ He favors Venetian blinds because they provide solar control and can also redirect sunlight to the ceiling. "That's when you get deeper daylight penetration," he said. Another option: shades that travel from the bottom of the window upward, rather than top down. "That's something that works for daylight as well as privacy," he said.

¶ And you can supplement the sunlight with strategically placed light fixtures. "Use indirect lighting, aimed at the ceiling," Mr. Tanteri said. A torchier floor lamp near the back of the room could "take over where the daylight on the ceiling starts to fade away."

Continue reading "Lighting apartments" »

Posted by at 10:41 PM | Permalink | Comments (0) | TrackBacks (0)