Archinect - News 2016-10-24T03:11:14-04:00 The hedge fundification of American universities Nicholas Korody 2016-03-11T14:27:00-05:00 >2016-03-17T01:59:55-04:00 <img src="" width="650" height="488" border="0" title="" alt="" /><em><p>Have you heard the latest wisecrack about Harvard? People are calling it a hedge fund with a university attached [...] Though the exact figure is hard to determine, experts I consulted estimate that over $100 billion of educational endowment money nationwide is invested in hedge funds, costing them approximately $2.5 billion in fees in 2015 alone. The problems with hedge funds managing college endowments are manifold, going well beyond the exorbitant...fees they charge for their services.</p></em><br /><br /><p><em>"The time has come for students to connect the dots between ballooning student debt, the poor treatment of campus workers, and the obscene wealth of hedge fund oligarchs."</em></p><p>A rallying cry for a divestment movement to oppose hedge funds and their involvement with academia, the article discusses the relatively new relationship between universities and high risk investing. Not only are money managers &ndash; and often university trustees &ndash; making off with obscene profits, the finance industry has actively lobbied against policies "designed to curb inequality."</p><p>For more on the implications and ramifications of academia's historically-unprecedented flirtations with finance, check out these links:</p><ul><li><a href="" rel="nofollow" target="_blank">Reinier de Graaf: "The western architectural ivory tower has become a theatre of the absurd"</a></li><li><a href="" rel="nofollow" target="_blank">Can the new College Ratings System help improve architectural education?</a></li><li><a href="" rel="nofollow" target="_blank">Student loan default rates don't tell the whole story</a></li><li><a href="" rel="nofollow" target="_blank">The State of Debt and the Price of Architecture</a></li><li><a href="" rel="nofollow" target="_blank">The State of Debt and the Price of Archite...</a></li></ul> Future Not Found: a "para-tour" of the Chicago Board of Trade led by GRNASFCK Nicholas Korody 2015-09-30T14:45:00-04:00 >2015-10-08T01:07:20-04:00 <img src="" width="650" height="439" border="0" title="" alt="" /><p>The Chicago Biennial is set to launch this weekend with a flurry of events and exhibitions, including Archinect's live podcasting event <a href="" rel="nofollow" target="_blank">Next Up</a>. Alongside the Biennial&rsquo;s programming are a slew of periphery events located around the city and spanning the spectrum of architectural topics. Near the top of our list is&nbsp;<em>Future Not Found</em>, a "para-tour" of the&nbsp;Chicago Board of Trade led by Dry Futures jury members <a href="" rel="nofollow" target="_blank">GRNASFCK</a>&nbsp;on Friday morning.</p><p>Last year, we <a href="" rel="nofollow" target="_blank">profiled</a> <a href="" rel="nofollow" target="_blank">GRNASFCK</a>, a nomadic landscape architecture studio that operates along the borderlands of ecology&nbsp;and architecture and focuses on&nbsp;"the geologic past and speculative future."&nbsp;Led by Colleen Tuite and Ian Quated, GRNASFCK leads research expeditions across diverse landscapes, with an eye towards the invisible forces that shape our cities &ndash; from extremophile bacteria to resource speculation.</p><p><img title="" alt="" src=""><br><br>Abandoning their sampling kits for the weekend (or maybe not), Tuite and Quate will lead an archaeologic tour of the world's largest futures and opt...</p> L.A. County supervisors approve initial funding for new LACMA building Alexander Walter 2014-11-06T13:22:00-05:00 >2014-11-06T13:29:40-05:00 <img src="" width="650" height="366" border="0" title="" alt="" /><em><p>The Board of Supervisors has approved a road map for the Los Angeles County Museum of Art as it plans a $600-million makeover that would tear down and rebuild most of its Miracle Mile campus [...]. If there are no serious bumps in the road ahead, the plan would yield a streamlined, curving 410,000-square-foot new museum building designed by Swiss architect Peter Zumthor that would open in 2023, spanning Wilshire Boulevard with an enclosed bridge that doubles as gallery space.</p></em><br /><br /><p><a href="" rel="nofollow" target="_blank">Previously</a></p> International Elite Using New York Real Estate to Stash Money Nicholas Korody 2014-07-01T17:47:00-04:00 >2014-07-02T04:55:12-04:00 <img src="" width="650" height="419" border="0" title="" alt="" /><em><p>According to data compiled by the firm PropertyShark, since 2008, roughly 30 percent of condo sales in large-scale Manhattan developments have been to purchasers who either listed an overseas address or bought through an entity like a limited-liability corporation, a tactic rarely employed by local homebuyers but favored by foreign investors [...] &ldquo;The global elite,&rdquo; says developer Michael Stern, &ldquo;is basically looking for a safe-deposit box.&rdquo;</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" ""> <html><head><meta></head></html> Editor's Picks #342 Nam Henderson 2013-11-19T12:40:00-05:00 >2013-11-20T10:24:11-05:00 <img src="" width="514" height="303" border="0" title="" alt="" /><p> The latest edition of <strong>Showcase</strong>; featured <a href="" rel="nofollow" target="_blank">a complete redesign of the Law Faculties and Central Administration Buildings at the Vienna University of Economics and Business (WU), by CRAB Studio</a>.</p> <p> <img alt="" src="" title=""></p> <p> <br><strong>News</strong><br><a href="" rel="nofollow" target="_blank">With Architecture for Humanity's experience helping communities beyond the relief phase of disaster, they are currently mobilizing to assist in long-term reconstruction</a>. Through speaking with local stakeholders and construction professionals, they are working to begin understanding the on-the-ground situation to prioritize rebuilding needs and help affected regions build back better and stronger.</p> <p> <img alt="" src="" title=""></p> <p> <a href="" rel="nofollow" target="_blank">Donate now</a> and help support Architecture for Humanity's response in the region affected by Super Typhoon Haiyan.</p> <p> <img alt="" src="" title=""></p> <p> Last week <a href="" rel="nofollow" target="_blank"> highlighted</a> the winners from the 39th annual KRob Architectural Delineation competition, the longest running architectural drawing competition in the world. Six winners, three juror citations, and 21 finalists were selected this year.</p> <p> <img alt="" src="" title=""></p> <p> While he ...</p>