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Bloomberg Businessweek
Improving American Society Through Zoning Codes
Oct 4, 2024
Sara Bronin, a Professor of Law and Urban Planning at Cornell, discusses her book on how zoning shapes society, tackling the housing crisis and the NIMBYism that limits housing availability. Deidre Hanford, CEO of Natcast, dives into the semiconductor sector's evolution, emphasizing the need for innovation in response to global challenges. The conversation features urban revitalization strategies, balancing historic preservation, and the transformative potential of updated zoning codes in tackling climate change and enhancing community growth.
28:43
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Quick takeaways
- Zoning regulations significantly influence local housing markets, often limiting affordable housing options and necessitating reevaluation to promote diversity in housing types.
- Cities like Detroit and Buffalo are using zoning reforms to revitalize economies by allowing diverse land uses, but face challenges like environmental cleanup and infrastructure needs.
Deep dives
Cognitive Biases in Financial Decision-Making
Cognitive and emotional biases significantly influence financial decisions, leading individuals to make choices that may not align with their best interests. Factors like overconfidence can cause investors to overestimate their abilities, while loss aversion can make them hesitant to sell underperforming assets. These biases can affect everything from daily investment strategies to long-term retirement planning. By acknowledging these biases, individuals can adopt strategies that mitigate their impacts and lead to improved financial outcomes.
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