| Also today: A sprawling corruption probe into Milan's property boom, and why China's mega-dam project is so controversial. |
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| Amid Donald Trump’s anger over the Fed’s resistance to cutting interest rates the year, allies of the president have seized on a new way to criticize — and potentially oust — Fed Chair Jerome Powell. White House officials are pushing for an investigation into the ongoing restoration of the Federal Reserve’s 1930s headquarters, costs for which have ballooned to $2.5 billion. But the price tag has less to do with mismanagement or the “ostentatious overhaul” that officials are alleging, and more to do with the challenges of building — particularly underground — in what was once a swamp in Washington, DC. Part of the job requires excavating deep beneath the Fed’s campus, a task so difficult that contractors recently won an award for “excellence in the face of adversity.” Today on CityLab: Why the Federal Reserve’s Building Renovation Costs $2.5 Billion — Linda Poon | |
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Summer of soccer | | $3.3 billion | | The economic boost New York and New Jersey are expecting from hosting the FIFA World Cup next year. | | |
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We designed shade out of our cities. We can design it back in (Fast Company) -
Was the streetcar revival a success? (NPR) -
1.4M of the nation’s poorest renters risk losing their homes with Trump’s proposed HUD time limit (Associated Press) -
Trump calls for Commanders to return to old name, threatens stadium deal (Washington Post) -
How a California cloud-seeding company became the center of a Texas flood conspiracy (Los Angeles Times) | |
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