18 min listen
The City That Sold Itself To Wall Street
The City That Sold Itself To Wall Street
ratings:
Length:
38 minutes
Released:
Sep 1, 2023
Format:
Podcast episode
Description
Cautionary Book Club: When Morgan Stanley offered to lease Chicago's parking metres for the princely sum of $1 billion, the City Council were convinced that they had struck gold. They hastily signed the deal. But they soon learnt that they hadn't just traded away parking revenue - they had traded away the streets themselves...
In this hybrid episode of Cautionary Tales, Tim Harford first tells the story of the Chicago parking metres fiasco of 2008. In the second half, Tim is joined by Henry Grabar, author of Paved Paradise, to discuss the lessons we can glean from Chicago's deal with Wall Street, and why parking is such an emotive issue for so many.See omnystudio.com/listener for privacy information.
In this hybrid episode of Cautionary Tales, Tim Harford first tells the story of the Chicago parking metres fiasco of 2008. In the second half, Tim is joined by Henry Grabar, author of Paved Paradise, to discuss the lessons we can glean from Chicago's deal with Wall Street, and why parking is such an emotive issue for so many.See omnystudio.com/listener for privacy information.
Released:
Sep 1, 2023
Format:
Podcast episode
Titles in the series (100)
Cautionary Tales Presents: TED Talk Daily: In this special episode of Cautionary Tales, we feature Tim Harford's TED Talk Daily from 2018. by Cautionary Tales with Tim Harford