Work from Home, Covid and Crime. Pandora's box has been opened

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SOL
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Work from Home, Covid and Crime. Pandora's box has been opened

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NYPD Announces Citywide Crime Statistics for January 2022
For the month of January 2022, New York City saw a 38.5% increase in overall index crime compared with January 2021 (9,566 v. 6,905). Every major index crime category saw an increase for the month of January 2022 with the exception of murder, which fell by 15.2% (28 v. 33). Robbery increased by 33.1% (1,251 v. 940), and grand larceny increased by 58.1% (4,047 v. 2,559). Citywide shooting incidents increased by 31.6% (100 v. 76) in January 2022 compared with the same period last year.

Confronting these challenges, the NYPD remains steadfast in its mission to reduce crime and fight the rising toll of gun violence on the streets of New York City. Keeping New Yorkers safe is the work each New York City police officer signed up to do – despite the all too evident risks – and it is the work the Department asks of them. The shared mission of safety and justice is propelling the NYPD to expand its innovative gun violence suppression strategies, which are anchored by long-tern, intelligence-driven investigations. This work, exemplified through the Gun Violence Strategies Partnership, shines light on the collective effort to utilize all resources to stop the trigger pullers. The NYPD’s leaders are working around the clock, in tandem with their federal and state law enforcement partners, and with the city’s five district attorneys, to devise comprehensive crime fighting measures, build solid criminal cases, and achieve meaningful consequences for crimes that tear at the fabric of the city.
https://www1.nyc.gov/site/nypd/news/p00 ... nuary-2022

Big cities like NYC are dead, The trend is fully against them. Over 15 subscribers from NYC have left the city. These are what we would label Die-hard New Yorkers. This is a significant development and it's very telling. This is the first step of the great move. It will end with many critical thinkers making the leap to move out of their countries. This is a worldwide phenomenon in the Western World. The trend is in the nascient stages but it will gather momentum

Rising crime and the work from home conundrum: Morning Brief
If there was ever a pithy slogan or rallying cry suited for a leader in crisis, the above sentence would be perfect for New York City Mayor Eric Adams, and could be applied on at least two fronts: working from home and the Big Apple’s skyrocketing violent crime.

In recent days, Hizzoner has called upon CEOs to curtail generous remote work arrangements that are hampering the city’s recovery efforts (a subject we’ve hit in the Morning Brief recently). Meanwhile, Adams and New York Governor Kathy Hochul are moving to address deteriorating safety conditions on public transit.

Both issues are interconnected, and have emerged as flashpoints in the city’s halting recovery. In order for workers to come back to offices where estimated occupancy rates are languishing below 30%, a few things need to happen.

Employers must incentivize staff to return to a pre-pandemic office culture that a growing number of sages believe is a relic of the past, at a time when it's become clear that workers are having a hard time letting go of Zoom/Google Meet work habits. But in order to do that, people also need to feel comfortable riding public transportation again, and venturing out into redoubts that increasingly resemble an untamed Gotham City (sorry Batman).

Even the relative safety of home isn’t nearly as secure these days as it used to be (a fact to which I can attest personally, having recently intercepted a would-be "porch pirate" attempting to steal a package). That alone is leading people to flee for other (cheaper) cities and states that don’t tax them for the privilege of living in squalor, bloodshed and generalized dysfunction.

“There’s a very tight relationship between perceptions of crime … and economic prosperity and dynamism,” Rafael Mangual, a senior fellow and head of research at Manhattan Institute’s Policing and Public Safety Initiative, told the Morning Brief in a recent interview.

Traditionally, people have been willing to pay higher costs associated with living in expensive but thriving metropolises like New York, San Francisco (now beset by a crime wave so bad that voters are moving to recall its progressive district attorney), and Los Angeles (the scene of a series of brazen train robberies covered in explicit detail by Yahoo Finance’s Dani Romero).

However, Mangual explained living in these places involve trade-offs between public officials and citizens who ultimately pay higher taxes and living costs to enjoy a higher standard of living and convenience. The pandemic era’s deteriorating quality of life has made many citizens question if it's worth the price, the researcher suggested.

“There are all these things that really require you to feel safe and make that choice on a consistent basis,” he said. “If public order begins to deteriorate, the balance of what you’re losing in terms of life in the city vs. the suburbs changes.”

The COVID-era remote work boom “means we all have significantly more choices. If you wanted to do certain types of work you had to be in NY or LA [but] that’s no longer the case. The perception of safety is really key, ultimately if people don’t feel safe, they’re going to act accordingly,” Mangual told the Morning Brief.

To be fair, New York isn’t a complete hellscape. The rebound from the darkest days of COVID-19 have been a testament to what UBS analysts referred to recently as New Yorkers’ “exceptionally resilient” character that weathered the aftermath of September 11 and the 2008 financial crisis.

“We readily acknowledge that the appearance and subsequent spread of the Omicron variant has slowed the nascent economic recovery, The city's perennial budget challenges will prompt robust debate) as will questions over public safety and criminal justice,” the firm wrote in a rosy analysis last month.

“But we reject the idea that New York's best days are behind it and instead make a concerted argument that its unique attributes still offer investors an opportunity to benefit from its recovery,” the authors added.

However, others aren’t nearly as optimistic.

Adams — a former police officer — has adopted a hard line on criminal activity, but Mangual suggested the mayor could find himself hamstrung by a City Council that has become “increasingly radical,” and a Manhattan district attorney that’s also come under fire for being too permissive on crime.

“You can have the right ideas but you need the right infrastructure to put those into practice,” Mangual said, which means prosecutors, legislators and judges should be all on the same page. However, “that’s no longer a given. If all those working at cross purposes, there are limits to what can be achieved on the crime front,” he added.
https://finance.yahoo.com/news/rising-c ... 15780.html

Five-day office workdays are dead forever as Charlie Munger noted. Critical thinkers and talented workers will push their companies harder and harder to allow them to work for remote locations that are safe

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The end is always near; its the beginning and how you live each moment that counts the most
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AstuteShift
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Re: Work from Home, Covid and Crime. Pandora's box has been opened

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I’d say, good riddance even though the city had great perks pre-pandemic, those same perks now are useless.

The city is riddled with crime, poverty, trash and negativity.

The previous mayor accelerated the demise of the city with idiotic policies. This new mayor is fighting against a trend and many critical thinkers are laughing at this clown.

I already got my second passport and I’m prepared to ex-Pat the USA. Go to a country that treats you well and with respect instead of trying to rob you or try to make you embrace polarization, hate and misery.

One way to kill a pendulum, is to completely ignore and adapt.

Just like in the markets, use this analogy always, adapt or die as there is no middle ground
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Budge
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Re: Work from Home, Covid and Crime. Pandora's box has been opened

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Who is John Galt?
..whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government..
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SOL
Power VS Force
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Re: Work from Home, Covid and Crime. Pandora's box has been opened

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When the words short term appear under any post; the same conditions listed in the Market update under the short term category apply

The end is always near; its the beginning and how you live each moment that counts the most
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