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Spain Is Now Making Ireland's Mistakes

Harvard Business Review

Just like Ireland, Spain had a credit boom financed mostly with external debt, which meant that the balance sheets of their banks are now stuffed with bad debts as asset values collapse. One of those banks, Anglo-Irish Bank, lent 67 billion euros to the non-financial sector (real estate) in 2007 alone.

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Bring Your Garden to Work

Harvard Business Review

This is especially true in large cities, where premium real estate often means that parks are pushed out and buildings are pushed up, skyward, creating canyons of concrete and glass. But at least we have that square of grass. For many workers, any green space is hard to come by. And yet the research that does exist is fascinating.

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The Data Says Climate Change Could Cost Investors Trillions

Harvard Business Review

These so-called “stranded assets,” sitting on petro-company balance sheets, are essentially worthless. In other words, does it really make sense for a hospitality or real estate company to build a new hotel, apartment, or office complex right on the coast in Miami? And what is the risk of devaluation?

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Enabling the Natural Act of Entrepreneurship

Harvard Business Review

Stay off of ventures'' balance sheets — and get onto their income statements. The only occasionally valid excuse for being on a venture''s balance sheet (and then for only a very short period) is to create a "demonstration effect" that shows unaware investors that there are profitable opportunities to invest in.

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Coastal Cities Are Increasingly Vulnerable, and So Is the Economy that Relies on Them

Harvard Business Review

.” GreenBiz founder Joel Makower defines a stranded asset as “a financial term that describes something that has become obsolete or nonperforming well ahead of its useful life, and must be recorded on a company’s balance sheet as a loss of profit.” And it’s not alone: Reuters estimates at least $1.4

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Words vs. Actions: Why Innovation Must Be Central to COP28 Discussions

UVA Darden

Including emissions on the balance sheet would lead to them being more accurately tracked and hopefully reduced throughout the supply chain. She believes it is necessary to catalyze change in real estate development.

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Three Reasons the Euro Zone Deal Won't Work

Harvard Business Review

The creditor countries hence decided to allow the use of the European Stability Mechanism (ESM) to directly recapitalize the damaged balance sheets of Europe's banks, specifically the Spanish banks. And market participants were initially thrilled. Yields on sovereign bonds fell immediately following the deal's announcement.