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SCOUT· 19%38m·2023-09-01·History
SCOUT· 19%38m·2023-09-01·HistoryThe City That Sold Itself To Wall Street
Cautionary Tales with Tim Harford · 25
Cautionary Book Club: When Morgan Stanley offered to lease Chicago's parking meters for the princely sum of $1 billion, the City Council were convinced that they had struck gold. They hastily signed the deal. But they soon learnt that they hadn't just traded away parking revenue - they had traded away the streets…
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