It is no surprise that with a name that reminds many of a notorious prison, the Taganka district long failed to lure developers to its sloping streets. Add to that the dusty bustle of its focal point, Taganskaya Ploshchad, plus the early multitude of industrial sites on its territory, and one can sense why Taganka was a place shunned by the city’s elite.
It probably comes as no surprise that the U.S.S.R. was the first country to recognize the independence of Morocco after France granted it in 1956. Soviet expansion in Africa was an inevitable consequence of an ideological scramble on the continent as European empires disintegrated.
Price tags on London’s prime residential real estate have leaped 20 percent on the year, while Russians are now the biggest buyers in the sector. Properties can currently fetch up to £6,000 per square foot (more than $90,000 per square meter).
One of the first things we learned in business school when studying financial markets was that markets have no memory. Yet most of our professional life we spend looking at all sorts of numbers reflecting past performance and trying to predict future moves on this basis.