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    Turning Malls Into Minicities Is Slow Work for Brookfield

    en-usJune 24, 2024

    Podcast Summary

    • Tech and Compliance, Politics, Business, MarketsVanta's trust management platform simplifies security reviews and automates compliance for various certifications. Political debate continues over medical treatment for transgender minors. She-In confidentially files for IPO in London. S&P 500 and Nasdaq trend differently. At least 22 people killed in lithium battery factory fire. Global industries and geopolitical events shape economic landscape.

      There are significant developments happening on various fronts, from business to politics and markets. In the world of tech and compliance, Vanta's trust management platform aims to help businesses streamline security reviews and automate compliance for various certifications. Meanwhile, in the political sphere, the Supreme Court will hear a case on restricting medical treatment for transgender minors, with the Biden administration challenging a Tennessee law banning such care. In the business world, fast fashion giant She-In confidentially filed to go public in London, while the S&P 500 and Nasdaq experienced different trends, with the S&P 500 falling slightly and the Nasdaq dropping more significantly. Additionally, at least 22 people were killed in a fire at a lithium battery factory in South Korea, and the case will be argued during the Supreme Court's next term. The global market landscape continues to evolve, with various industries and geopolitical events shaping the economic landscape.

    • Brookfield mall redevelopmentBrookfield's mall redevelopment plans, including adding homes, offices, and hotels, have faced challenges such as local approvals, community buy-in, COVID-19, and rising construction costs, but Brookfield remains committed to continuing the efforts where the financial return is still viable.

      The redevelopment plans by Brookfield Property Partners to transform struggling American malls into mixed-use communities, including homes, offices, and hotels, have been slower than anticipated. The reasons for this include the complexity of overhauling mall properties, requiring numerous approvals from local officials and community buy-in, as well as the COVID-19 pandemic and rising construction costs. Despite these challenges, Brookfield remains committed to continuing its efforts to redevelop malls where the financial return still makes sense.

    • Real Estate Investments, Reproductive RightsReal estate companies are focusing on top-performing malls post-Roe v. Wade repeal while reproductive rights lawyers challenge restrictive abortion laws in Ohio, leading to lengthy legal battles

      Real estate companies are prioritizing investments in their top-performing malls following the repeal of Roe v. Wade. In Ohio, abortion clinics are using the state's recent constitutional amendment protecting abortion rights to challenge restrictive laws. Abortion rights lawyers are filing lawsuits against various restrictions, including telehealth access to the abortion pill and ultrasound requirements before abortions. These cases are expected to reach the Ohio Supreme Court, indicating a lengthy legal battle. Overall, the repeal of Roe v. Wade has led to significant changes in both real estate and reproductive rights landscapes.

    • Abortion ballot measuresAbortion rights groups are using ballot measures and constitutional amendments to challenge abortion restrictions in red states, potentially leading to better access to abortion than before Roe v. Wade, but opponents argue these measures could be used to undermine popular restrictions

      Abortion rights groups are using ballot measures and constitutional amendments as a powerful tool in red states to challenge longstanding restrictions on abortion. Ohio is being used as a test case, and if successful, other states like Arizona, Missouri, and Florida may follow suit. Abortion rights groups argue that these measures can provide better access to abortion than before Roe v. Wade. Anti-abortion groups, however, claim that the public was misled and these measures could be used to challenge popular restrictions like informed consent and waiting periods. The Wall Street Journal will have editor-in-chief Emma Tucker answering questions about their coverage of the presidential election and other races in an upcoming episode.

    • Aviation industry strugglesTraditional airlines are benefiting from increased competition and operational costs in the aviation industry, while low-cost carriers face decreased fares, rising wages, fuel costs, and disruptive weather events, causing profits to shrink.

      The summer travel boom is benefiting traditional airlines over low-cost carriers due to increased competition and operational costs. The rise of unbundled services in the aviation industry has led to a saturated market, causing fares to decrease and profits to shrink for low-cost airlines. Additionally, challenges like rising wages, fuel costs, and disruptive weather events have added to their financial struggles. European aircraft manufacturer Airbus also faces delivery targets being cut back due to technical issues, further impacting the aviation industry. Vanta, on the other hand, offers a solution for managing modern security program requirements with its trust management platform, helping streamline security reviews, assess risk, and automate compliance for various certifications.

    • Fear of Flying StrategiesPeople use various methods like alcohol, medication, traveling extensively, pre-flight rituals, and even pilot training to overcome their fear of flying. Seeking professional help is also an option.

      Despite the fear and anxiety that many people experience when flying, there are various strategies they use to overcome their fears. Some common methods include drinking alcohol or taking medication. However, there are also unique approaches, such as traveling extensively to face the fear head-on, performing a pre-flight ritual, or even training to become a pilot. A Wall Street Journal reporter shared these stories, highlighting the resilience and determination of individuals to conquer their fear of flying. For those who struggle with this fear, it's essential to remember that they're not alone and that there are resources and techniques available to help them. So, the next time you're feeling anxious before a flight, consider trying one of these methods or seeking professional help. And who knows, you might even come to enjoy flying like some people do.

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