The $5.4 billion purchase of New York City’s last affordable neighborhood just went bust. An amazing story that is a metaphor for the real estate boom and bust cycle writ large.
New York City
New York Makes "Most Unequal" Cities List
I was very unsurprised to see New York and its surrounding suburbs make the Forbes list of the 10 Most Unequal Cities.
Last Remaining Code Talkers Break Their Silence This Veterans Day
In recognition of Veterans Day, I found this great story about the last surviving Code Talkers. The Code Talkers were Navajo Indians who joined the Marines in World War II’s Pacific Theater. They have come to New York City this week to participate in the Veterans Day Parade and to tell their story. There is a great deal of…
For New Yorkers, Neighborhoods Are Worth Protecting
I’m not normally a fan of any doctrine or restriction that stifles competition. I’m also not an ideologue and I am not interested in watching the world burn in the name of unfettered free markets. I think there’s nothing wrong with striving for some sort of balance in business for the benefit of everyone, even…
The Million Dollar Cheeseburger
In a highly unscientific survey/ calculation, the gang at New York Mag’s Grub Street came up with what they believe are the highest grossing dishes in New York City’s restaurants. I was happy to see a plate I’ve consumed (way too) often make number 1 on the list, with an estimated annual gross of over…
Schadenfreude Pick of the Week: Lawyer Layoffs in NYC
[vodpod id=Groupvideo.2681542&w=425&h=350&fv=] OK guys, here’s your Schadenfreude Pick of the Week… From the New York Times: Now Mr. Verrier, who had worked exclusively at the century-old firm since leaving Harvard Law School in 1982, sat in his office high above 44th Street and Avenue of the Americas, considering the e-mail message he was about to…
Mark Reiboldt on the Next Wave of Innovation
I’m new to the fold in terms of reading Mark Reiboldt‘s work on his site Mark to Market, but if this post is any indication of his regular insight and writing style, I’ll be back. Reiboldt put up a piece on why life sciences and health tech will be the next big wave of innovation and value…
The Somali Pirate Takes Manhattan!
This has FARCE written all over it… From the New York Times: A Somali teenager has arrived to face what are believed to be the first piracy charges in the United States in more than a century…Abduhl Wali-i-Musi, the sole surviving Somali pirate from the hostage-taking of an American ship captain, was handcuffed with a…
Retraining Investment Bankers in New York City
According to a story in the New York Times, Mayor Michael Bloomberg plans to stem the loss of talent and jobs from the ailing financial sector by retraining investment bankers, similar to what Detroit has done with it’s laid-off auto workers. With an expected 65,000 total jobs to be lost on Wall Street, will Bloomberg’s…
