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Real Estate Bubble Crystal Ball? The Great Depression and Manhattan Home Prices

A decade before the 1929 stock market crash there was a booming real estate market in New York City that Assistant Professor Anna Scherbina says resembles the housing bubble of the 1990s and 2000s.

In a recent radio interview, Scherbina discussed an index of home prices in Manhattan between 1920 and 1939 that she and Associate Professor Tom Nicholas of the Harvard Business School collected by hand from the Manhattan Public Library archives. This data set is informative because the housing market in Manhattan represented 5% to 10% of all the U.S. real estate wealth at that time.


Challenging Conventional Wisdom on Charitable-Deduction Limits

As late as November 2009, President Obama’s proposal to limit tax breaks for charitable gifts and other itemized deductions to help pay for a health-care overhaul had gone nowhere in Congress, largely due to fears that limiting charitable tax deductions for wealthy people would dampen giving at a time when charities are under severe strain because of the recession.

In the News

Ranks of Female Business Executives Seen Thinning

Female representation on company board seats and in executive positions in the business world has not moved forward as hoped, but by some measures, it is slowly losing ground again. Wendy Beecham, CEO of the Forum for Women Entrepreneurs & Executives is quoted from a recently released study by University of California at Davis.

In the News

Women Are Gaining Clout in the Workplace

UC Davis Graduate School of Management study last year noted that even as the number of women in the workforce increased over the past year, the percentage of women in the corporate boardroom of California’s top 400 publicly traded companies dropped from 10 percent to 9.8 percent. Nearly half of the 400 companies, including Carlsbad’s Callaway Golf, have no women on their corporate boards.