The Afternoon Wrap: Thursday

Alan Greenspan admits he “made a mistake” in assuming free markets could monitor themselves without government oversight. [NY Times]

These days, everyone wants to know what New York’s billionaires think of the city’s term limits. Related Companies CEO Stephen Ross, for one, opposes them. [City Room] 

As part of the Port Authority’s goal of becoming carbon neutral by 2010, commuters between New York and New Jersey can buy carbon credits from five companies to balance out their own emissions. [City Room] 

With Stuy-Town and Cooper Village having lost 10 percent of their value, Tishman employs a few cost-cutting measures, including requiring tenants to pay their own utilities for the first time in the development’s history.  read more »

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