What did Micheal Jackson, and Groge Carlin say?
According to Bloomberg, real-estate data analytics firm Green Street released a new report outlining how the office space market in San Francisco will be the worst-preforming market in the US for 2021.Even though office vacancies in Manhattan are at record highs, it appears San Francisco tops New York City as companies reevaluating their space thanks to the pandemic.
Green Street estimates that rent and occupancy may plunge 22% in San Francisco this year, the largest expected decline of any other city in the country. New York was number two with –17%, Los Angeles in third at –9%.
All of the cities shown above experienced similar pandemic-related stress of people escaping to suburbs and rural communities because of the virus and social unrest, along with the integration of remote-working, which allowed many people in white-collar jobs to work anywhere they pleased.
“San Francisco and New York will likely see a permanent resetting of rents as people and businesses look more toward the middle of the country for expansion,” said Danny Ismail, an analyst at Green Street.
“It’s unlikely that rents and occupancy will return to a level pre-Covid over the next few years,” Ismail warned.
Green Street points out remote-working has forced many companies in major tech and finance hubs to reevaluate how much office space is needed.
Companies that are exiting these hubs are moving to cheaper metro areas, where the cost of living and tax code are more friendly. Some of those cities benefiting from the migration of companies and people are Nashville, Tennessee; Charlotte, North Carolina; Austin, Texas; and Atlanta.
Green Street makes a bold prediction that demand for office space will decline by 15% through the mid-point of the decade as businesses will be more inclined to adopt work-at-home lifestyles for their employees to trim costs and boost productivity.
In a separate report, Goldman Sachs Chief Economist Jan Hatzius said last month to clients that work-from-home will be widely adopted by firms and boost productivity.
Authored by Janita Kan via The Epoch Times,
Seattle Police will get tougher on people who vandalize and destroy property during protests,the department interim police chief announced on Saturday ahead of a scheduled demonstration.
Seattle Interim Police Chief Adrian Diaz’s announcement comes after a protest during which buildings were damaged and vandalized in downtown Seattle, including the city’s federal courthouse, on the day of President Joe Biden’s inauguration.
On Jan. 20, people dressed in black were seen marching into the iconic Pike Place Market, with video from the aftermath showing broken windows at a Starbucks. A group of black-clad activists marched along the street carrying a tattered American flag upside down with the anarchy sign spray-painted on it and kicking over garbage containers.
Seattle Police posted photos of the aftermath of the riots that shows multiple vandalized shops and buildings.The department said at the time that police had arrested one person for property damage, a woman for assault, and a man for burglary and property damage.
Multiple windows were shattered at the William Kenzo Nakamura Courthouse in Seattle, Wash., on Jan. 20, 2021. (Seattle Police Department)
The activists are alleged to be members of anarcho-communist group Antifa and other far-left groups.These extremists have taken advantage of a number of peaceful protests calling for police reform by creating a scene of civil unrest and engaging in violence, lighting fires, looting, and damaging property over the summer. Many law enforcement officers were injured during operations to quell the violence and protect public safety.
Diaz told reporters during a conference that he was not sure what cause the rioters were fighting for, adding that he did not believe violent protesters and vandals are promoting a cause.
“The events of breaking windows at a variety of different locations with no meaning,” Diaz told reporters.
“There was no discussion about what they were fighting for, what type of social justice message. That cannot happen. That level of direct action cannot occur. And we are going to immediately address those issues.”
The Seattle Police Department press contact did not immediately respond to The Epoch Times’ request for more details on the new policy and enforcement.
The violence and property destruction in Seattle came alongside similar protests and riots in Portland, Oregon.
In Portland, black-clad activists with their faces covered broke windows and the glass door at the Democratic Party of Oregon’s business office, spray-painting an anarchist symbol over the party sign, video posted on social media shows. Some of them tipped over garbage containers and lit the contents on fire, according to reports.
“We don’t want Biden. We want revenge for police murders, imperialist wars, and fascist massacres,” read a banner they marched under, while others carried a banner reading “We are not governable,” which was dotted with anarchy symbols.
Eight people were arrested in Portland on charges that include rioting and reckless burning.
Sen. Chuck Grassley (R-Iowa) has urged President Joe Biden to condemn the recent actions of the rioters. White House press secretary Jen Psaki said on Saturday that she hasn’t spoken to Biden about the recent unrest.
Independent reporter Andy Ngo, who has been closely monitoring and reporting on Antifa in Portland, said some of the rioters who were arrested at the most recent Portland riots were arrested at previous Black Lives Matter protests in 2020 and released.
In a recent interview with The Epoch Times’ “American Thought Leaders,” Ngo raised concerns over Twitter’s lack of enforcement of their policies when it failed to stop Antifa planning and promoting riots on its platform prior to the riots.
“In Seattle and Portland, there were simultaneous riots that were pre-planned and organized, and also advertised weeks ahead of time on Twitter,” Ngo said.
“Twitter did nothing to take down some of these accounts that were promoting these riots.”
Some of these accounts were ultimately suspended following the inauguration day riots, Ngo said on Friday.
A top Russian lawmaker has condemned Saturday’s sizeable pro-Navalny protests which involved clashes with police across multiple cities including Moscow and St. Petersburg as “foreign-backed”.
Andrey Klimov, the official who chairs the Senate’s “Federation Council for the Protection of State Sovereignty and Prevention of Interference in Russia’s Internal Affairs,” told Rossiya-1 TVchannel on Sunday:
“The commission [of the Federation Council] has reason to believe that the actions of foreign states are clearly behind all these eventsand all this is happening with the foreign specialists’ assistance,” according to TASS.
He alleged further the ‘unauthorized’ demonstrations at the urging of jailed Kremlin opposition leader Alexei Navalny were organized primarily on “foreign digital platforms and messengers.”
“This is an illegal act itself,” Klimov added. A separate statement from another top official said the commission is “ready to promptly examine the files about the possible involvement of foreign forces in disseminating calls to participate in unauthorized events in a number of social networks next weekend.”
The means that further Navalny-related demonstrations, which there are sure to be more of according to his supporters both in Russia and the West, will be deemed “illegal” from the start, and further harsh crackdowns will ensue.
Protests are taking place across Russia today, calling for Navalny’s release.
— Matthew Luxmoore (@mjluxmoore) January 23, 2021
This is Vladivostok, in the country’s Far East pic.twitter.com/luO4oudeH9
Over the weekend Russia’s Foreign Ministry angrily denounced the fact that in the run-up to the Saturday protests the US Embassy in Moscow publicly posted times and meeting places for planned demonstrations at up to a dozen cities in Russia.
“All that coincides with Washington’s provocative doctrinal guidelines to encourage ‘protests in the countries with unwanted governments’,” the Foreign Ministry said on Saturday.
Very dark — @navalny says not to believe it if he “accidentally” dies in jail. “Just in case, I am announcing that I don’t plan to either hang myself on a window grill or cut my veins or throat open with a sharpened spoon. I use the stairs very carefully.” https://t.co/35yNgv8BtP
— Mark MacKinnon (@markmackinnon) January 24, 2021
“Any attempts of this ‘coverage’ of unauthorized rallies will be regarded as gross interference in our country’s domestic affairs and will lead to a corresponding response,” the statement added.
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