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1 Article
Source: Common Domain

Hamptons’ Historic ‘Witch’s Hat’ House Sells for $1.8 Million

Tuesday 17:15 GMT

One of New York City’s top decorators has sold his 134-year-old Victorian mansion in the Hamptons for $1.8 million, Mansion Global has learned exclusively.

Ms. Bell "is considering using the poolhouse for her studio," said agent Brian Hagadorn of Douglas Elliman, who represented her in the sale.

1 Article
Source: Common Domain

Home builder confidence hits 3½ year low as housing crunch worsens

Monday 23:40 GMT

A team of analysts from BTIG visited builder sites in Florida in recent weeks, and came away “feeling better about the state of Florida housing than we expected,” they wrote. “In general, most community salespeople noted softness over the last three months (more than seasonally) but pricing remains relatively firm and incentive offerings limited.”

“We are hearing from builders that consumer demand exists, but that customers are hesitating to make a purchase because of rising home costs,” the industry group said, adding that confidence was lowest in parts of the country where prices are highest.

1 Article
Source: Common Domain

Shell CIO to Begin Testing AI-Enabled Drones at Houston Plant

Tuesday 15:25 GMT

Royal Dutch Shell PLC is testing how artificial intelligence-enabled drones could help prevent costly maintenance problems on expensive equipment while improving worker safety, said Jay Crotts, the oil company’s executive vice president and global chief information officer.

Beginning early next year, the company will deploy several drones in a proof-of-concept project at the Shell Technology Center in Houston, which encompasses 1.2 million square feet and 44 buildings of laboratory and office space.

1 Article
Source: The Week

Smashing the clichés about millennials

Monday 11:44 GMT

The smartest insight and analysis, from all perspectives, rounded up from around the web:. For years, millennials have been caricatured as a generation of "hipster brats" who "fritter away our paychecks on avocado toast" instead of buying cars and houses and becoming economically productive citizens, said Catherine Rampell at The Washington Post. Actually, "they're just broke."

If millennials seem angry, it's not because they've "rejected the American dream," but because the economy has "not only blocked their path to attaining it, but punished them for trying to.”

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte