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CHICAGO (CBS) — Mayor Lori Lightfoot was caught uttering a profanity into a hot microphone Wednesday during a City Council meeting. Lightfoot apparently didn’t realize her microphone wasn’t muted when she uttered “you got to be f*****g kidding me,” during the meeting, just after Ald. Rossana Rodriguez Sanchez (33 rd ) spoke in honor of Black History Month, as part of a City Council resolution marking the occasion. READ MORE: Two Convicted Cop Killers Paroled After Decades In Prison After Wednesday’s meeting, the mayor said her comment had nothing to do with Sanchez’s remarks, although she did not explain exactly what prompted her profanity. “Sorry to disappoint the Twitter trolls, but my comment had nothing to do with anything that was actually going on in City Council,” Lightfoot said. “I’ve explained that to Alderman Rodriguez, and she understands that.” Sanchez’s chief of staff confirmed Lightfoot reached out to the alderwoman afterward and explained her words were … [Read more...] about Mayor Lori Lightfoot Caught Uttering Profanity Into Hot Microphone During City Council Meeting

CHICAGO (CBS) — Mayor Lori Lightfoot offered an apology, of sorts, after she was caught on a live microphone calling a Fraternal Order of Police vice president a “clown” during the public comment period of Wednesday’s City Council meeting. “I’m sorry that I said it out loud,” she said. READ MORE: Two Convicted Cop Killers Paroled After Decades In Prison As CBS 2’s Vince Gerasole reported Wednesday evening, the mayor and business and labor leaders were glowing over their cooperation on some considerable progressive legislation they tackled together. But in the middle of their huddle, Lightfoot’s comments were caught on an open microphone – and showed how tough and opinionated the mayor can be. Lightfoot ran a tight ship during the City Council meeting. She did not go easy on one speaker, who published reports said attended on behalf of 75 murdered South Side women and claimed those murders have never been investigated by police. “Don’t ever, ever tell me what to do when I’m … [Read more...] about Mayor Lori Lightfoot Calls FOP Vice President Pat Murray A ‘Clown’ At City Council Meeting; ‘I’m Sorry That I Said It Out Loud’

NEW YORK: The growing footprint in New York of major tech companies like Amazon.com Inc, Facebook Inc and Alphabet Inc's Google has given property owners and brokers hope that once the coronavirus has been conquered demand for office space will quickly return to pre-pandemic levels. But the popularity of working from home and the exodus of people from expensive coastal cities will likely weigh on demand and change workspace requirements, leaving office buildings that do not adjust less valuable. Big Tech's expanding real estate clout already hides declining values for lower-quality properties. Prices for premier workspace in U.S. gateway cities have held or even risen during the pandemic in a flight to quality. But leasing volumes and number of buildings sold have plummeted, with valuations at the lower end falling, data shows. The pandemic has left a massive question mark hanging over the office sector, said Joe Gorin, head of U.S. real estate management and value-added … [Read more...] about US urban office market, stung by pandemic, hopes tech firms drive comeback

SINGAPORE: The ongoing protests have affected Hong Kong’s stability, economy and how companies and workers operate. Although Hong Kong is still considered a safe destination for those who live in the city, the escalating security situation has seen countries such as Singapore and the US issue travel warnings. The ongoing protests have had a mixed impact on business travel to the city. READ: Commentary: Hong Kong protests - a rising China clashes with frustrated Hong Kong READ: Commentary: Struggles within Hong Kong’s political system the new battle frontier MIXED IMPACT ON BUSINESS TRAVEL Media reports indicate that domestic airline Cathay Pacific Airways – which controls half of all take-off and landing slots at the Hong Kong International Airport – saw passenger numbers fall 7 per cent in October. It has since reduced capacity due to the escalations. On the other hand, other airlines recently reported that passenger levels have returned to pre-protest … [Read more...] about Commentary: Are Hong Kong protests taking a toll on the city’s businesses?

PARIS: COVID-19 has emptied office buildings and business districts, and with working from home expected to be the norm after the pandemic, some want to convert them to residential use to help solve inner city housing crises. France has already begun to experiment with such conversions and "the significant rise in remote working encourages scaling up" such projects, French Housing Minister Emmanuelle Wargon said recently. She wants to accelerate the transformations to respond to both the need for housing and to fight against urban sprawl. A recent study concentrating on the Paris region, home to nearly a fifth of France's population, found that if about 40 per cent of firms adopted two days of remote working per week following the pandemic, they could reduce the office space they occupy by almost 30 per cent, or 3.3 million sq m, over the coming decade. Such a scenario is a nightmare for the commercial real estate industry - a favourite of investors as it is easier to manage, … [Read more...] about COVID-19: Could empty office buildings help solve France’s housing crisis?