ANAHEIM, Calif.–(BUSINESS WIRE)–The Mogharebi Group, (“TMG”) has completed the sale of Echo116 in Anaheim,a 116-unit community located at 1727 Glenoaks Avenue. The property sold with multiple offers for a Northwest Anaheim area record price of $37,250,000, equating to $321K per unit or a record-setting price per square foot of $494. The buyer is a private investment group out of the San Jose area.
“Echo116 has gone through extensive renovations, with approximately $2.3M spent on the unit and common area renovations. Plus, Northwest Anaheim rents have been rapidly rising, and vacancy has been negligible,” says Otto Ozen, Executive Vice President of TMG. “As a result, there was a high level of interested buyers for this asset with multiple offers. It was our proprietary 1031 exchange platform, of private high net-worth and exchange buyers, that ultimately procured a private investor.”
Alex Mogharebi and Otto Ozen of TMG represented the buyer, a San Jose based private investment group.
Built in 1969 and 1970, Echo116 Apartments is a two-story, 116-unit apartment community that is located on Glenoaks Avenue in Anaheim. The property comprises four residential buildings totaling 75,040 rentable square feet. The complex is situated on a 1.432-acre site. The apartment homes feature spacious two-bedroom and one-bedroom floor plans with an average size of 647 square feet. The property boasts a swimming pool, clubhouse with full kitchen and fireplace, clay tennis court, tot lot, outdoor picnic area with barbeque, community laundry room, fitness center, dog park, and reserved parking.
About The Mogharebi Group (TMG): The Mogharebi Group is a brokerage firm specializing in the multifamily property sector throughout the Western United States. With unparalleled local market knowledge, an extensive global network of top real estate investors, state-of-the-art technology, and direct access to capital with over $800MM in regularly revolving inventory, The Mogharebi Group is the best choice to meet the needs of major private investors and investment funds.
When the International Olympic Committee met seven years ago to choose a host for the 2022 Winter Games, China’s leader, Xi Jinping, sent a short video message that helped tip the scale in a close, controversial vote.
China had limited experience with winter sports. Little snow falls in the distant hills where outdoor events would take place. Pollution was so dense at times that it was known as the “Airpocalypse.”
Mr. Xi pledged to resolve all of this, putting his personal prestige on what seemed then like an audacious bid. “We will deliver every promise we made,” he told the Olympic delegates meeting in Malaysia’s capital, Kuala Lumpur.
host of the Summer Olympics, the Games have become a showcase of the country’s achievements. Only now, it is a very different country.
China no longer needs to prove its standing on the world stage; instead, it wants to proclaim the sweeping vision of a more prosperous, more confident nation under Mr. Xi, the country’s most powerful leader since Mao Zedong. Where the government once sought to mollify its critics to make the Games a success, today it defies them.
Beijing 2022 “will not only enhance our confidence in realizing the great rejuvenation of the Chinese nation,” said Mr. Xi, who this year is poised to claim a third term at the top. It will also “show a good image of our country and demonstrate our nation’s commitment to building a community with a shared future for mankind.”
Mr. Xi’s government has brushed off criticism from human rights activists and world leaders as the bias of those — including President Biden — who would keep China down. It has implicitly warned Olympic broadcasters and sponsors not to bend to calls for protests or boycotts over the country’s political crackdown in Hong Kong or its campaign of repression in Xinjiang, the largely Muslim region in the northwest.
combat Covid and imposed stricter safety measures than those during the Summer Olympics in Tokyo last year. It has insisted on sustaining its “zero Covid” strategy, evolved from China’s first lockdown, in Wuhan two years ago, regardless of the cost to its economy and its people.
an accusation of sexual assault by the tennis player Peng Shuai, a three-time Olympian, the I.O.C. did not speak out. Instead, it helped deflect concerns about her whereabouts and safety.
staggering costs of the 2014 Winter Games in Sochi, Russia, and the white-knuckle chaos of preparations for the 2016 Summer Games in Rio de Janeiro.
blue skies. High-speed railways have slashed the trip from Beijing to the most distant venues from four hours to one.
In an area perennially short of water, China built a network of pipelines to feed a phalanx of snow-making machines to dust barren slopes in white. Officials this week even claimed the entire Games would be “fully carbon neutral.”
Christophe Dubi, executive director of the upcoming Games, said in an interview that China proved to be a partner willing and able to do whatever it took to pull off the event, regardless of the challenges.
“Organizing the Games,” Mr. Dubi said, “was easy.”
The committee has deflected questions about human rights and other controversies overshadowing the Games. While the committee’s own charter calls for “improving the promotion and respect of human rights,” officials have said that it was not for them to judge the host country’s political system.
Instead, what matters most to the committee is pulling off the Games. By selecting Beijing, the committee had alighted on a “safe choice,” said Thomas Bach, the committee’s president.
unseasonably warm weather. Sochi 2014 — intended as a valedictory of Vladimir V. Putin’s rule in Russia — cost a staggering $51 billion.
Growing wariness of organizing the quadrennial event gave China an unexpected advantage. Beijing — no one’s idea of a winter sports capital — could reuse sites from the 2008 Games, including the iconic Bird’s Nest stadium for the opening ceremony. The Water Cube, which held the swimming and diving events 14 years ago, was rebranded as the Ice Cube.
Almaty, the former capital of Kazakhstan, once a republic of the Soviet Union.
The final tally was 44 to 40 for Beijing, with one abstention. Almaty’s supporters were left to fume over a glitch in the electronic voting system that prompted a manual recount to “protect the integrity of the vote.” That Kazakhstan has plunged into political turmoil on the eve of the Games seems now, in hindsight, further validation of the choice to pick Beijing.
Xinhua, compared to 480,000 three years before.
ceremonial scepter popular in the Qing dynasty, complete with a 6,000-seat stadium at the bottom that is supposed to hold soccer matches after the Olympics.
military preparations for the Games, including the installation of 44 antiaircraft batteries around Beijing, even though the likelihood of an aerial attack on the city seemed far-fetched.
“A safe Olympics is the biggest symbol of a successful Beijing Olympic Games, and is the most important symbol of the country’s international image,” he said then.
accusation of sexual harassment rocked the sports world last fall, the committee found itself caught in the furor.
fumed in private. Without the protective cover of the international committee, they feared reprisals if they spoke out individually.
The 2008 Olympics also faced harsh criticism. A campaign led by the actress Mia Farrow called the event the “genocide games” because of China’s support for Sudan despite its brutal crackdown in the Darfur region. The traditional torch relay was hounded by protests in cities on multiple continents, including Paris, London, San Francisco and Seoul.
The accusations against China today are, arguably, even more serious. The United States and other countries have declared that China’s crackdown against the Uyghur Muslims in Xinjiang amounts to genocide. Ms. Farrow’s biting sobriquet has resurfaced for 2022, with a Twitter hashtag.
only screened spectators of its own choosing. It will mostly be a performance for Chinese and international television audiences, offering a choreographed view of the country, the one Mr. Xi’s government has of itself.
If the coronavirus can be kept under control, Beijing could weather the Olympics with fewer problems than seemed likely when it won the rights to the Games seven years ago. Mr. Xi’s government has already effectively declared it a success. A dozen other Chinese cities are already angling for the 2036 Summer Olympics.
“The world looks forward to China,” Mr. Xi said in an New Year’s address, “and China is ready.”
Chris Buckley contributed reporting. Claire Fu, Liu Yi and Li You contributed research.
CINCINNATI–(BUSINESS WIRE)–Eight private family foundations in The Foundation Office at Fifth Third Bank, National Association, have announced grants of more than $5.2 million in 2021. Grants were awarded to organizations that focus on education, arts and culture, civic and community programs, health and human services, and community reinvestment activities that benefit low- to moderate-income earners, small businesses, affordable housing, financial literacy and workforce development efforts.
“We are honored to shepherd the philanthropic foundations of so many families,” said Heidi B. Jark, senior vice president and managing director of The Foundation Office. “We work hard to ensure that these organizations fulfill their mission of giving back to charitable causes.”
Episcopal Retirement Services, a nonprofit organization serving older adults through residential living communities and community outreach programs, received funds from the Jacob G. Schmidlapp Trust to complete the renovation of The Manse. The Manse was formerly a hotel where African American travelers were welcomed during the era of segregation and was featured in The Green Book, which outlined safe places for African Americans to sleep, eat and visit in the mid-20th century. The Manse reopened in 2021 as a 60-unit senior apartment community, with support services to empower low-income older adults to live with dignity and help them age in place.
Laura Lamb, president and chief executive officer of ERS, explained how the money, which was used to complete the conversion of the former ballroom into the community’s event center, will directly impact residents. “What happens inside our buildings, with programs and services delivered by our committed and passionate staff, is truly life-changing. Community spaces like the event center are essential to encouraging residents to leave the solitude of their apartments so they may engage with others and find joy and purpose in their daily lives.” Jacob G. Schmidlapp was an early advocate for quality affordable housing for African Americans, which constitute a large portion of those The Manse serves.
Stepping Stones, which provides pathways toward independence for people with disabilities, received a grant from the Stillson Foundation. The money will go toward renovating two cabin lobbies at the agency’s campsite that provides summer overnight and weekend respite experiences for adults with disabilities. While at the site, campgoers participate in recreational activities such as fishing, archery and swimming. In a typical year, the respite programs serve approximately 360 individuals.
Chris Adams, Stepping Stones’ executive director, said that the renovations will help create spaces that improve the camp experience. “The cabin areas are the primary location for campers to socialize, partake in small-group activities, and build friendships. By creating a more comfortable and functional space, these improvements will elevate camp activities to next level of excellence,” he explained. “Collaborating with the Stillson Foundation will help us with our Continuous Camp Improvement Program that is designed to improve the overall camping experience for children and adults with disabilities. The Stillson Foundation’s support goes directly to improving lives and promoting inclusion for this community of campers.”
The eight foundations and trusts accept letters of inquiry from qualifying nonprofit organizations seeking grant support from Oct. 1 through Dec. 31 each year. For guidelines on the inquiry process, visit https://www.cybergrants.com/pls/cybergrants/quiz.display_question?x_gm_id=6990&x_quiz_id=8160. The eight available funds are listed below with brief descriptions of their focus areas and the total amount distributed from them in 2021 to charitable organizations.
Fund and description
Charles Moerlein Foundation, Fifth Third Bank, Trustee
Supports religious, charitable, scientific, literary or educational purposes.
Charlotte R. Schmidlapp Fund, Fifth Third Bank, Trustee
Supports initiatives that empower and assist women and girls in achieving self-sufficiency.
Eleanora C.U. Alms Trust, Fifth Third Bank, Trustee
Supports charitable and educational purposes for the city of Cincinnati, with a focus on the arts.
Helen G., Henry F., & Louise Tuechter Dornette Foundation, Fifth Third Bank, Trustee
Supports nature and the conservation of nature’s beauty, as well as organizations that are beneficial to children, with a preference to organizations that Miss Dornette identified during her lifetime.
Patricia Kisker Foundation, Fifth Third Bank, Trustee
Supports organizations that benefit or serve children, and educational, musical or arts organizations, as well as organizations that Patricia Kisker supported during her lifetime.
Jacob G. Schmidlapp Trusts, Fifth Third Bank, Trustee
Supports charitable or educational purposes; for relief in sickness, suffering and distress; for the care of young children, the aged or the helpless or afflicted; for the promotion of education, and to improve living conditions.
Ohio Valley Foundation, Fifth Third Bank, Agent
Funds small equipment and capital improvement projects in the Ohio Valley.
Stillson Foundation, Fifth Third Bank, Trustee
Helps children and provides assistance to those charities the Stillsons supported during their lifetime.
The Foundation Office at Fifth Third Bank, National Association, serves as trustee, co-trustee or agent for more than 300 private and corporate foundations that grant millions of dollars annually to worthy charities across the United States. The foundations support a variety of causes, from education to the arts and from basic-needs organizations like shelters and counseling centers to environmental projects and animal rescue.
To learn more about The Foundation Office at Fifth Third Bank, please visit 53.com/foundationoffice.
BRASÍLIA — The conference hall was packed, with a crowd of more than 1,000 cheering attacks on the press, the liberals and the politically correct. There was Donald Trump Jr. warning that the Chinese could meddle in the election, a Tennessee congressman who voted against certifying the 2020 vote, and the president complaining about voter fraud.
In many ways, the September gathering looked like just another CPAC, the conservative political conference. But it was happening in Brazil, most of it was in Portuguese and the president at the lectern was Jair Bolsonaro, the country’s right-wing leader.
Fresh from their assault on the results of the 2020 U.S. presidential election, former President Donald J. Trump and his allies are exporting their strategy to Latin America’s largest democracy, working to support Mr. Bolsonaro’s bid for re-election next year — and helping sow doubt in the electoral process in the event that he loses.
pillow executive being sued for defaming voting-machine makers.
academics, Brazil’s electoral officials and the U.S. government, all have said that there has not been fraud in Brazil’s elections. Eduardo Bolsonaro has insisted there was. “I can’t prove — they say — that I have fraud,” he said in South Dakota. “So, OK, you can’t prove that you don’t.”
Mr. Trump’s circle has cozied up to other far-right leaders, including in Hungary, Poland and the Philippines, and tried to boost rising nationalist politicians elsewhere. But the ties are the strongest, and the stakes perhaps the highest, in Brazil.
WhatsApp groups for Bolsonaro supporters recently began circulating the trailer for a new series from Fox News host Tucker Carlson that sympathizes with the Jan. 6 Capitol riot, Mr. Nemer said. The United States, which has been a democracy for 245 years, withstood that attack. Brazil passed its constitution in 1988 after two decades under a military dictatorship.
advised President Bolsonaro to respect the democratic process.
In October, 64 members of Congress asked President Biden for a reset in the United States’ relationship with Brazil, citing President Bolsonaro’s pursuit of policies that threaten democratic rule. In response, Brazil’s ambassador to the United States defended President Bolsonaro, saying debate over election security is normal in democracies. “Brazil is and will continue to be one of the world’s freest countries,” he said.
Unemployment and inflation have risen. He has been operating without a political party for two years. And Brazil’s Supreme Court and Congress are closing in on investigations into him, his sons and his allies.
Late last month, a Brazil congressional panel recommended that President Bolsonaro be charged with “crimes against humanity,” asserting that he intentionally let the coronavirus tear through Brazil in a bid for herd immunity. The panel blamed his administration for more than 100,000 deaths.
Minutes after the panel voted, Mr. Trump issued his endorsement. “Brazil is lucky to have a man such as Jair Bolsonaro working for them,” he said in a statement. “He is a great president and will never let the people of his great country down!”
“They say he’s the Donald Trump of South America,” Mr. Trump said in 2019. “I like him.”
To many others, Mr. Bolsonaro was alarming. As a congressman and candidate, he had waxed poetic about Brazil’s military dictatorship, which tortured its political rivals. He said he would be incapable of loving a gay son. And he said a rival congresswoman was too ugly to be raped.
Three months into his term, President Bolsonaro went to Washington. At his welcome dinner, the Brazilian embassy sat him next to Mr. Bannon. At the White House later, Mr. Trump and Mr. Bolsonaro made deals that would allow the Brazilian government to spend more with the U.S. defense industry and American companies to launch rockets from Brazil.
announced Eduardo Bolsonaro would represent South America in The Movement, a right-wing, nationalist group that Mr. Bannon envisioned taking over the Western world. In the news release, Eduardo Bolsonaro said they would “reclaim sovereignty from progressive globalist elitist forces.”
pacts to increase commerce. American investors plowed billions of dollars into Brazilian companies. And Brazil spent more on American imports, including fuel, plastics and aircraft.
Now a new class of companies is salivating over Brazil: conservative social networks.
Gettr and Parler, two Twitter clones, have grown rapidly in Brazil by promising a hands-off approach to people who believe Silicon Valley is censoring conservative voices. One of their most high-profile recruits is President Bolsonaro.
partly funded by Guo Wengui, an exiled Chinese billionaire who is close with Mr. Bannon. (When Mr. Bannon was arrested on fraud charges, he was on Mr. Guo’s yacht.) Parler is funded by Rebekah Mercer, the American conservative megadonor who was Mr. Bannon’s previous benefactor.
Understand the Claim of Executive Privilege in the Jan. 6. Inquiry
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A key issue yet untested. Donald Trump’s power as former president to keep information from his White House secret has become a central issue in the House’s investigation of the Jan. 6 Capitol riot. Amid an attempt by Mr. Trump to keep personal records secret and a move to hold Stephen K. Bannon in contempt of Congress, here’s a breakdown of executive privilege:
What is executive privilege? It is a power claimed by presidents under the Constitution to prevent the other two branches of government from gaining access to certain internal executive branch information, especially confidential communications involving the president or among his top aides.
What is Trump’s claim? Former President Trump has filed a lawsuit seeking to block the disclosure of White House files related to his actions and communications surrounding the Jan. 6 Capitol riot. He argues that these matters must remain a secret as a matter of executive privilege.
Is Trump’s privilege claim valid? The constitutional line between a president’s secrecy powers and Congress’s investigative authority is hazy. Though a judge rejected Mr. Trump’s bid to keep his papers secret, it is likely that the case will ultimately be resolved by the Supreme Court.
Is executive privilege an absolute power? No. Even a legitimate claim of executive privilege may not always prevail in court. During the Watergate scandal in 1974, the Supreme Court upheld an order requiring President Richard M. Nixon to turn over his Oval Office tapes.
May ex-presidents invoke executive privilege? Yes, but courts may view their claims with less deference than those of current presidents. In 1977, the Supreme Court said Nixon could make a claim of executive privilege even though he was out of office, though the court ultimately ruled against him in the case.
Is Steve Bannon covered by executive privilege? This is unclear. If any contempt finding against Mr. Bannon evolves into legal action, it would raise the novel legal question of whether or how far a claim of executive privilege may extend to communications between a president and an informal adviser outside of the government.
What is contempt of Congress? It is a sanction imposed on people who defy congressional subpoenas. Congress can refer contempt citations to the Justice Department and ask for criminal charges. Mr. Bannon could be held in contempt if he refuses to comply with a subpoena that seeks documents and testimony.
Companies like Gettr and Parler could prove critical to President Bolsonaro. Like Mr. Trump, he built his political movement with social media. But now Facebook, YouTube and Twitter are more aggressively policing hate speech and misinformation. They blocked Mr. Trump and have started cracking down on President Bolsonaro. Last month, YouTube suspended his channel for a week after he falsely suggested coronavirus vaccines could cause AIDS.
In response, President Bolsonaro has tried to ban the companies from removing certain posts and accounts, but his policy was overturned. Now he has been directing his supporters to follow him elsewhere, including on Gettr, Parler and Telegram, a messaging app based in Dubai.
He will likely soon have another option. Last month, Mr. Trump announced he was starting his own social network. The company financing his new venture is partly led by Luiz Philippe de Orleans e Bragança, a Brazilian congressman and Bolsonaro ally.
said the rioters’ efforts were weak. “If it were organized, they would have taken the Capitol and made demands,” he said.
The day after the riot, President Bolsonaro warned that Brazil was “going to have a worse problem” if it didn’t change its own electoral systems, which rely on voting machines without paper backups. (Last week, he suddenly changed his tune after announcing that he would have Brazil’s armed forces monitor the election.)
Diego Aranha, a Brazilian computer scientist who studies the country’s election systems, said that Brazil’s system does make elections more vulnerable to attacks — but that there has been no evidence of fraud.
“Bolsonaro turned a technical point into a political weapon,” he said.
President Bolsonaro’s American allies have helped spread his claims.
At the CPAC in Brazil, Donald Trump Jr. told the audience that if they didn’t think the Chinese were aiming to undermine their election, “you haven’t been watching.” Mr. Bannon has called President Bolsonaro’s likely opponent, former President Luiz Inácio Lula da Silva, a “transnational, Marxist criminal” and “the most dangerous leftist in the world.” Mr. da Silva served 18 months in prison but his corruption charges were later tossed out by a Supreme Court justice.
Eduardo Bolsonaro’s slide show detailing claims of Brazilian voter fraud, delivered in South Dakota, was broadcast by One America News, a conservative cable network that reaches 35 million U.S. households. It was also translated into Portuguese and viewed nearly 600,000 times on YouTube and Facebook.
protest his enemies in the Supreme Court and on the left.
The weekend before, just down the road from the presidential palace, Mr. Bolsonaro’s closest allies gathered at CPAC. Eduardo Bolsonaro and the American Conservative Union, the Republican lobbying group that runs CPAC, organized the event. Eduardo Bolsonaro’s political committee mostly financed it. Tickets sold out.
a fiery speech. Then he flew to São Paulo, where he used Mr. Miller’s detainment as evidence of judicial overreach. He told the crowd he would no longer recognize decisions from a Supreme Court judge.
He then turned to the election.
“We have three alternatives for me: Prison, death or victory,” he said. “Tell the bastards I’ll never be arrested.”
Leonardo Coelho and Kenneth P. Vogel contributed reporting.
BRAWLEY, Calif.–(BUSINESS WIRE)–The Mogharebi Group, (“TMG”) has completed the sale of Valle del Sol, a 72-unit affordable community located at 1605 C Street. The property was sold above the list price with multiple offers for $5,050,000. Otto Ozen and Bryan LaBar represented the seller, Southern California based investor. The buyer was a private investor based out of Southern California.
“Valle del Sol is a newer build, 100% affordable housing community,” said Bryan LaBar, Senior Vice President of The Mogharebi Group. “As a result, there was a high level of interested buyers for this asset. However, it was our proprietary 1031 exchange platform that includes a robust network of private high net-worth and exchange buyers that ultimately drove the value and successfully closed.”
Built-in 2008, Valle del Sol is a 72-unit, affordable housing community. The property comprises seven residential buildings totaling 67,672 rentable square feet. The complex is situated on a 3.83-acre site. The apartment homes feature spacious one, two and three-bedroom floor plans with in-unit washer / dryer hook ups. The property boasts a clubhouse, playground, laundry facility and swimming pool.
About The Mogharebi Group (TMG): The Mogharebi Group is a brokerage firm specializing in the multifamily property sector throughout California. With unparallel local knowledge, an extensive global network of top real estate investors, state of the art technology, and direct access to capital, The Mogharebi Group is the best choice to meet the needs of major private investors and investment funds.
Building dams that flood land, the beavers have infuriated farmers. Some have obtained permits to kill the animals — setting off outrage among conservationists.
By Stephen Castle
Photographs by Kieran Dodds
EDINBURGH — Wrapped inside a brown hessian sack, the baby beaver wriggled as it was carried to an examination table, but gave up the fight as a veterinarian deftly punched a microchip into its thick pelt and removed clumps of brown fur for samples.
“It’s stressful for the animal,” said Romain Pizzi, a wildlife specialist, as he extracted blood from the scaly flat tail of the male kit captured just a few hours earlier. Nonetheless, he added, this was a lucky young beaver.
“The alternative,” he said, “is that it’s going to be shot.”
But the sanctioned killing of an otherwise protected species has enraged conservationists, prompting a legal challenge and igniting a polarizing debate about farming, biodiversity and the future of Scotland’s countryside.
Although there was an official trial reintroduction of beavers in 2009 in the west of Scotland, the animal’s return is primarily a result of earlier escapes or unauthorized releases of beavers imported privately, mainly from Bavaria or Norway. The growing population is most evident in the streams of Tayside, north of Edinburgh.
The five-month-old kit in the examining room, weighing in around nine pounds, had been caught in a trap in Tayside and rescued from what is called a “conflict area” — where, because of the damage the animals cause, farmers have won licenses to kill them. In 2020, they killed 115 of the animals, about 10 percent of a beaver population that now stands at roughly 1,000 across Scotland.
the new Scottish government’s draft policy program.
In Scotland, beaver territories, which vary in size but typically feature around four animals, have increased steadily — from 39 in 2012 to 251 in 2020-21, according to an official report. In 2019, beavers were given protected status, albeit with farmers able to apply for licenses to cull.
Now, a rewilding charity, Trees for Life, has challenged the Scottish government’s nature agency, NatureScot, in court claiming that it issues licenses too readily.
Bamff estate in Perthshire, where Paul and Louise Ramsay run an eco-tourism operation. The Ramsays brought Scotland’s first recent-era beavers to the site in 2002, when there were fewer restrictions, as part of their own beaver rewilding project.
The idea was to restore natural habitats on their land after centuries of drainage designed to maximize farm yields. A significant transformation can be seen in a wild, scenic stretch of the 1,300-acre estate, which has been in the family since 1232.
Tall trees felled by beavers have crashed into pools of water separated by dams. Along the bank of a small river stood birch trees that were almost gnawed through; a few meters away a beaver could be seen swimming with a large clump of foliage in its mouth.
regulate the water level of their aquatic habitats.
The 20 or so beavers living here have killed many trees, a point of contention for the Ramsays’ critics. But they have attracted otters, allowed water pools to fill with trout, frogs and toads, and given a nesting place in dead trees to woodpeckers, Ms. Ramsay said.
She said the problem was not the beavers, but farmers who think that any land that does not produce a crop is wasted.
“Their motivation is to drain, drain, drain, so a beaver comes along and wants to make a wet bit here or there — which might be a brilliant habitat — that’s against the farmer’s interest,” she said.
Some beavers did escape from Bamff, Ms. Ramsay acknowledged. She claimed that by the time that happened, though, others had already escaped from a wildlife park some distance away.
The Ramsays took over management of the estate in the 1980s. In the late 1990s, Mr. Ramsay said, he became excited by the idea of introducing beavers at a time when he says the farming and fishing lobby had blocked an official trial project. He denies suggestions from critics that he deliberately let beavers escape to speed things up.
At his farm not far away in Meigle, Adrian Ivory was unconvinced. “Those animals have now escaped for whatever reason,” he said, “and the financial burden is not on the person who caused the problem but on us where the issue now is. They’re now being hailed as heroes for getting beavers back in and there is no thought about what damage it’s doing to our livelihoods.”
Beaver dams in a stream on his land must be removed regularly, Mr. Ivory said, because they threaten the drainage system in a nearby field and caused one year’s crop to rot. Burrowing threatens the stability of banks, making it potentially dangerous to use tractors.
Mr. Ivory said the damage may have cost him £50,000, including wrecked crops and labor costs. “If you rewild everywhere, where’s your next meal coming from?” he asked. “Food becomes a lot more expensive, or you have to import it.”
Mr. Ivory declined to discuss whether he had culled the beaver population on his land, but said he allowed the animals to be trapped for relocation, a task undertaken in Tayside by Roisin Campbell-Palmer, the restoration manager at the Beaver Trust charity.
She works with farmers, rising early in the morning to check traps, then relocating animals to beaver projects in England, where more than 50 have been sent. (Scotland does not allow the animals to be relocated within the country.)
Ms. Campbell-Palmer said she found beavers fascinating and admired their dam-building skills, tenacity and single-mindedness. That said, she understands the complaints of farmers and admits that, having seen some particularly destructive tree-felling, has occasionally said to herself, “‘Of all the trees to cut down, why did you do that one?’”
As she inspected a trap filled with carrots, turnips and apples, Ms. Campbell-Palmer reflected on the ferocious debate and concluded that beavers had undeniably achieved one thing in Scotland.
“I think what they are doing,” she said, “is making us ask wider questions about how we are using the landscape.”
Despite the loud busking music, arcade lights and swarms of people, it was hard to be distracted from the corner street stall serving steaming cupfuls of tteokbokki — a medley of rice cake and fish cake covered in a concoction of hot sweet sauce. I gulped when I felt my friend tugging on the sleeve of my jacket, anticipating that he wanted to try it. After all, I promised to treat him out if he visited me in Korea over winter break.
The cups of tteokbokki, garnished with sesame leaves and tempura, was a high-end variant of the street food, nothing like the kind from my childhood. Its price of 3,500 Korean won was also nothing like I recalled, either, simply charged more for being sold on a busy street. If I denied the purchase, I could console my friend and brother by purchasing more substantial meals elsewhere. Or we could spend on overpriced food now to indulge in the immediate gratification of a convenient but ephemeral snack.
At every seemingly inconsequential expenditure, I weigh the pros and cons of possible purchases as if I held my entire fate in my hands. To be generously hospitable, but recklessly drain the travel allowance we needed to stretch across two weeks? Or to be budgetarily shrewd, but possibly risk being classified as stingy? That is the question, and a calculus I so dearly detest.
Unable to secure subsequent employment and saddled by alimony complications, there was no room in my dad’s household to be embarrassed by austerity or scraping for crumbs. Ever since I was taught to dilute shampoo with water, I’ve revised my formula to reduce irritation to the eye. Every visit to a fast-food chain included asking for a sheet of discount coupons — the parameters of all future menu choice — and a past receipt containing the code of a completed survey to redeem for a free cheeseburger. Exploiting combinations of multiple promotions to maximize savings at such establishments felt as thrilling as cracking war cryptography, critical for minimizing cash casualties.
However, while disciplined restriction of expenses may be virtuous in private, at outings, even those amongst friends, spending less — when it comes to status — paradoxically costs more. In Asian family-style eating customs, a dish ordered is typically available to everyone, and the total bill, regardless of what you did or did not consume, is divided evenly. Too ashamed to ask for myself to be excluded from paying for dishes I did not order or partake in, I’ve opted out of invitations to meals altogether. I am wary even of meals where the inviting host has offered to treat everyone, fearful that if I only attended “free meals” I would be pinned as a parasite.
Although I can now conduct t-tests to extract correlations between multiple variables, calculate marginal propensities to import and assess whether a developing country elsewhere in the world is at risk of becoming stuck in the middle-income trap, my day-to-day decisions still revolve around elementary arithmetic. I feel haunted, cursed by the compulsion to diligently subtract pennies from purchases hoping it will eventually pile up into a mere dollar, as if the slightest misjudgment in a single buy would tip my family’s balance sheet into irrecoverable poverty.
Will I ever stop stressing over overspending?
I’m not sure I ever will.
But I do know this. As I handed over 7,000 won in exchange for two cups of tteokbokki to share amongst the three of us — my friend, my brother and myself — I am reminded that even if we are not swimming in splendor, we can still uphold our dignity through the generosity of sharing. Restricting one’s conscience only around ruminating which roads will lead to riches risks blindness toward rarer wealth: friends and family who do not measure one’s worth based on their net worth. Maybe one day, such rigorous monitoring of financial activity won’t be necessary, but even if not, this is still enough.