Expropriation is a drastic measure. In acquiring land for public benefit, even when property owners are well compensated, it should be a tool of last resort. When negotiations do break down and governments forge ahead, we expect them to demonstrate their acquisitions are driven by reasonable necessity, and not unreasonable haste. Read More

All corporations in that ‘other world’ – the urban one – have to produce a balance sheet generally once a year, especially if they are publicly traded. When they do so, they will automatically list their assets and liabilities. And in the assets they may automatically break out ‘intangible assets’, a category of asset that is invisible. Read More