If the Olympics are a massive sporting event, they are also, often, a series of major real-estate transactions. The most recent plans for an Olympic bid include the acquisition of more than $300 million worth of property — and that's according to city valuations that often appear to be well below the actual market value.
Congratulations to NECIR senior investigative reporter and senior trainer Brooke Williams, who won a 2015 Gerald Loeb Award alongside Eric Lipton, Ben Protess and Nicholas Confessore for their New York Times investigation “Lobbying in America.” Their report and database revealed the way foreign governments contribute to influential think tanks here in the United States. The Gerald Loeb award is one of journalism’s highest honors, and Brooke and her co-reporters took home the prize for Best Beat Reporting.
A train run by the Grafton and Upton Railroad derailed in the town of Grafton, Mass. on Tuesday night while crossing through the town’s center. The derailment came just minutes before a town meeting in which the railroad’s owner, Jon Delli Priscoli, was scheduled to address a public audience over concerns related to the expansion in recent years of the railroad’s activity.
No one was injured, the train remained fully upright and Doug Pizzi, a spokesman for the railroad, says the incident was a minor one and caused no damage to the track. (It did damage at least some public roadway). But the incident loomed much larger than its component facts for many of Grafton’s residents.
With storms getting bigger and sea levels rising, why do people keep rebuilding along the coast? University of Massachusetts Dartmouth professor Chad McGuire and his colleagues analyzed more than 57,000 Massachusetts properties insured by the federally backed National Flood Insurance Program (NFIP) to answer that very question. What they found will surprise you.