Saudi Arabia's megaproject Neom is seeking to raise 10 billion riyals ($2.7bn) in loans, according to a report in Bloomberg published on Monday.

The early stages of the $500bn planned city will be financed by money raised from local lenders, according to sources familiar with the matter who spoke to Bloomberg. Banks are currently in negotiations with Neom, and the loan could be completed in the next few months. — Middle East Eye

... we have turned the Gherkin into the worlds tallest penis. A penis that is being gratified by our parliament with a sexual act. A 180m high erection for deregulation and global capitalism. We have created this art work for all those that are suffering cuts to their budgets, benefits, working hours, rights, freedoms and quality of life as Parliament perpetuates the age old practice of taxing the poor for the mistakes of the rich. — vimeo.com

A couple of weeks ago, while i was visiting him at the School of Design and Crafts at the University of Gothenburg in Sweden, Otto von Busch told me about an extraordinary experiment that architect Armin Blasbichler had carried out with 21 of his architecture students at the University of Innsbruck. I didn't get much details, except that Blasbichler's students had been assigned to pick up a bank in the city, study it, identify its Achilles' heel and plan a bank robbery. — we-make-money-not-art.com