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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. She is currently on leave.
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Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero � all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

Columbia Eminent Domain Case Will Not Be Heard

By Megan McArdle
Dec 14 2010, 7:36 AM ET Comment

So the Supreme Court will not hear the eminent domain case involving Columbia University, which finagled the state into seizing local land and transferring it to the school.  That means that the landowners who don't want to sell have no recourse.  Worse, it reinforces the precedent of Kelo--that the government can take land and transfer it to private actors even when there's only a trivial and dubious public gain involved.

In the case of Columbia, there's a tangible public loss--they're going to tear down one of the few gas stations in Manhattan in order to give Columbia's privileged students more space.  And what public benefit does the city get?  We're talking about taking taxpaying private properties and transferring them to a non-profit which will not pay taxes, and will turn a large swathe of Manhattan into a quasi-compound for some of the wealthiest and most privileged people in the city.

Which is, of course, the most sick-making aspect.  I am not against eminent domain for public uses like hospitals or railroads.  But by no stretch of the imagination could Columbia University be called a public accommodation.  One's gut and one's social conscience rebel at the seizure of private property which is taken precisely because it serves, or is owned by, poorer people.  One's gut and one's social conscience positively riot at the thought of taking this seized land and handing it over to wealthy private institution that almost exclusively serves the affluent class.

I don't understand why this is an issue that only fires up libertarians.  Can't we all agree that it would be better to live in a world where Columbia cannot do this sort of thing?  I guess not, though.


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