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What’s in store for commercial real estate in 2021?

Wow! December. With Christmas lights festooning the neighborhood, we are reminded that 2020 is almost history! 2021 is a mere 25 days hence. What can we expect of the commercial real estate landscape next year? Someone famous once opined, “Well, they’re only predictions, but they’re all mine.” So, please bear with me as I get my Nostradamus on. Bullish industrial owners. We represent an importer. Warehoused are goods they distribute. He’s slammed for space, thus our engagement to find more. Recently our full-priced offer was met with a reluctance — by the property owner — to grant a financing contingency. I’ve seen this with investment properties but never with owner-occupied real estate. You see, time is needed for a lender to nod yay or nay. Very few occupants have idle cash sitting in a

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REVIEW: The $155,000 Polestar 1 is unlike any car on the road — and a collector’s item waiting to happen

Summary List PlacementIt's not often a car will stop pedestrians in their tracks because they have no idea what it is, other than that its visage, wide and low, has grabbed their attention.  But the Polestar 1 makes a game of it. I assume because you've clicked on this story that you have some inkling of what Polestar is. You're aware that it's a new, electrified luxury brand from Geely, the Chinese parent company that bankrolls Volvo and Lotus. You've perhaps heard of Polestar's second car, the 2, which is an all-electric sedan. The $155,000 Polestar 1 is Polestar's first production car since its inception in 2017. It has two doors, two electric motors, and one gasoline engine. Production began last year at the automaker's Chengdu, China, plant. Thus, the 1 is still quite new. Most pe...

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Biden said the COVID-19 vaccine will not be mandatory in the US – but he will encourage people to ‘do the right thing’

Summary List PlacementJoe Biden told reporters on Friday his administration will not make any COVID-19 vaccine mandatory. "I don't think it should be mandatory, I wouldn't demand it be mandatory. But I would do everything in my power – just like I don't think masks have to be made mandatory nationwide – I'll do everything in my power as president of the United States to encourage people to do the right thing and when they do it demonstrate that it matters," Biden told reporters in his hometown of Wilmington, Delaware. It's possible the US will approve a COVID-19 vaccine as early as next week, but health experts worry that if some people choose not to take a vaccine it could hamper the fight against the pandemic. The US Food and Drug Administration (FDA)is due to assemble a panel of exp...

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‘Bet on Bitcoin’s inevitability’: Here’s what 5 crypto experts say about its price hitting an all-time high near $20,000 this week

Summary List Placement With Bitcoin hitting an all-time high this week, major players are reflecting on how far the space has evolved since the previous record set in December 2017. The bullish case appears to be intact as institutional interest remains elevated for Bitcoin.  Five crypto experts weighed in on its rally, explaining why Bitcoin has room to go higher and how the dollar's weakness will fuel it further. Visit Business Insider's homepage for more stories. Bitcoin, the world's most popular cryptocurrency, hit an all-time high of $19,857 this week. Surging interest in the digital token brought its year-to-date gain to 177%. The last record was set in December 2017 when its price reached $19,783. Here's what five crypto experts had to say about its recent surge, and why the d...

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A Wyoming health official involved in the state’s COVID-19 response described vaccines as biological weapons and a plot to spread communism

Summary List PlacementA Wyoming health official involved in the state's COVID-19 response described vaccines as biological weapons and a plot by Russia and China to spread communism worldwide. Igor Shepherd, the Readiness and Countermeasures Program Manager, referred to the "so-called pandemic" and said volunteers who had a vaccine were part of communist plots to hurt the US. He made the baseless and unsubstantiated claims at a November 10 event held by the Keep Colorado Free and Open group, which advocates for constitutional rights amid the pandemic, but they only surfaced this week.  During his almost an hour and a half long talk, Shepherd added: "The plan of destruction right now is going at full speed." Kim Deti, a spokesperson from the Wyoming Department of Health, told AP: "All o...

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Biden says his inauguration will be a ‘more imaginative’ virtual event, in contrast to Trump’s emphasis on large crowds

Summary List PlacementPresident-elect Joe Biden on Friday said he expects his inauguration to be mostly virtual, although he'll still plan to take the oath of office on the steps of the US Capitol.  Although Biden said plans for the January 20 ceremony aren't complete, he expects it to be a "more imaginative" event than previous inaugurations. He said it may be similar to the 2020 Democratic National Convention, an all-online event that broadcast lawmakers and citizens from around the country due to the COVID-19 pandemic. "It is highly unlikely that there will be a million people on the mall, going all the way down to the [Lincoln] Memorial," Biden said on Friday. "My guess is that there will not be a gigantic inaugural parade down Pennsylvania Avenue, but my guess is you'll see a lot ...

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Israeli soccer team whose notorious fans chant ‘death to the Arabs’ set to be bought by sheikh from Abu Dhabi for $100m

Summary List PlacementSheikh Hamad bin Khalifa al Nahyan, an Emirati royal, is set to buy a major stake in the Israeli soccer team Beitar Jerusalem. The team is infamous in Israel for having fans who have consistently targeted Muslim players and chanted anti-Arab abuse. It is being reported that al Nahyan will purchase about a 50% stake in the club at a price of $100 million, according to Middle East Eye. The club's owner, Moshe Hogeg, traveled with Beit Jerusalem's senior executives on Thursday to try and close the deal. Naum Koen, an Israeli businessman based in the United Arab Emirates, is responsible for brokering it. The club's delegation to Dubai, lead by club owner Moshe Hogeg had its first meeting today with Sheikh Hamad Bin Khalifa Al Nahyan, chairman of NY Koen Group ...

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‘Beyond every historic extreme’: A notorious market bear reiterates his call that the ‘overextended’ S&P 500 will suffer a 70% crash — and says stocks are facing 12 years of negative returns as they get trounced by Treasurys

Summary List PlacementBefore a market sell-off, John Hussman's right leg starts tapping unconsciously. At the moment, he says, it's tapping. "I thought it might have been the pumpkin pie, but on further analysis, it's because current market conditions are so familiar," Hussman said in his December market commentary.  To Hussman, there's a clear and simple sequence of events occurring that will eventually drive the market into a downward spiral — a spiral to the tune of a 65-70% drop from current levels. There's the Federal Reserve's creation of a zero-interest-rate environment, and the corresponding narrative that investors are forced to find returns in riskier assets like equities — or in the 2000s, products like mortgage-backed securities. Then there's the direct effect this has on eq...

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THE ONLINE GROCERY REPORT: The coronavirus pandemic is thrusting online grocery into the spotlight in the US — here are the players that will emerge at the top of the market

Summary List Placement This is a preview of the Business Insider Intelligence Online Grocery premium research report. Purchase this report here. Business Insider Intelligence offers even more e-commerce and payments coverage with our Payments & Commerce Briefing. Subscribe today to receive industry-changing retail news and analysis to your inbox. The coronavirus pandemic has brought online grocery — a promising but formerly niche industry — to the fore. The combination of consumers' interest in avoiding public places, government orders to stay at home, and the continued need for groceries and essential goods has made online grocery delivery services from the likes of Walmart, Amazon, Target, and Instacart indispensable. Previously, some consumers resisted the shopping method because

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Apple is offering free fixes for some iPhone 11s with faulty touch screens

Summary List PlacementApple is offering a free fix on a batch of iPhone 11 models that have a habit of developing faulty, unresponsive touch screens. The company announced its new free repair program on Friday, which applies to a batch of the phones which were manufactured between November 2019 and May 2020. Apple said the phones' screens have a tendency of ceasing to respond to touch. It added that the problem only affects a "small percentage" of the devices produced during that period.  The free repair also doesn't apply to iPhone 11 Pro models. To check if they're eligible for the free fix, iPhone owners have to input their device's serial number into the repair program page. Apple also said if an iPhone owner finds their phone was eligible, but they already paid to have it fixed, t...

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A 20-year-old campaign staffer for Sen. Kelly Loeffler died in a crash before Pence held a campaign event in Georgia

Summary List PlacementA 20-year-old campaign staffer for Georgia Sen. Kelly Loeffler died in a car crash on Friday ahead of a campaign event held by Vice President Mike Pence. The young man was identified as Harrison Deal. Hewas killed in a three-vehicle crash on Interstate 16 in Pooler on Friday morning. It is not clear whether he was performing campaign duties at the time of the accident. Deal, who was due to graduate from the University of Georgia in 2022, was also a former intern for GOP Sen. David Perdue and a close family friend of Georgia Gov. Brian Kemp. In a tweet on Friday, Kemp posted a picture of Deal with his family alongside a statement that described the 20-year-old as "the Kemp son and brother we never had." Loeffler also mourned the death of her young staffer, taking to...

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AOC attacked Trump and Republicans on Twitter over rising college costs, arguing that many lawmakers didn’t understand students’ financial struggles

Summary List PlacementRep. Alexandria Ocasio-Cortez late Friday shot back at President Donald Trump and Republican lawmakers, accusing them of being so out of touch with young American workers that they remember when Hershey bars were "5¢ at the general store." The congresswoman's posts were the latest in a back-and-forth with conservatives about how difficult it's become for young Americans to pay for college while minimum wages remain stagnant. The price of higher education has exploded in the last two decades, while wages haven't kept pace, she said. College costs have exploded over the last 10-20 years & wages have not kept up.It’s a totally different landscape and the fact they’re using anecdotal experience from 20+ years ago to reinforce their opinions instead of look...

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Google bet on urban mobility startup WhereIsMyTransport in a $7.5 million funding round after seeing this pitch deck

Summary List PlacementWhereIsMyTransport, the London-based urban mobility startup, has just announced plans to map 30 of the world's largest cities by 2023.  The startup collects local transport data in developing nations where public transport varies from unreliable to non-existent. Many people in these areas depend on private taxi services or friends and relatives to get around — WhereIsMyTransport works with both local authorities and enterprises to standardize and map local transport routes, making them more accessible.  Most recently, WhereIsMyTransport mapped, and now maintains datasets for, public transport networks in Mexico City, Dhaka, and the province of Gauteng in South Africa. These metro areas have a combined population of more than 55 million. The company will collect pu...

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Before-and-after photos show how the coronavirus pandemic emptied out Europe’s famous Christmas markets

Summary List PlacementChristmas markets are being canceled this year amid concerns about the ongoing coronavirus pandemic. The markets are a cherished tradition in Europe, and usually attract millions of visitors every year. But in 2020 the large squares where people would usually gather to drink mulled wine and eat festive Christmas treats, are looking eerily empty. Scroll down to see before-and-after photos of Europe's Christmas markets. SEE ALSO: Before-and-after photos show how fear of the coronavirus has emptied out Europe's biggest tourist attractions BEFORE: The city of Nürnberg in Germany has one of the country's best known Christmas markets, drawing millions of locals and tourists every year. Some 85 million people visit Germany's Christmas markets every year, according to De...

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