Wall Street Journal (July 8)
“Big cities can’t get workers back to the office.” More than two years since Covid-19 first struck, “less than half the number of prepandemic office workers are returning to business districts consistently.” Despite numerous carrots and the occasional stick, “occupancy is especially low in cities like New York, where workers are the engine of local economies.”
Tags: Big cities, Business districts, Carrots, COVID-19, New York, Occupancy, Office, Prepandemic, Stick, Workers
San Francisco Chronicle (December 16)
While there have only been 10 omicron cases in Santa Clara, “officials have “found the highly contagious variant in all four of the county’s wastewater treatment facilities, encompassing most of the local population.” The CDC said the new variant now accounts for about 3% of all cases nationwide “with the highest—13%–in the New York-New Jersey area.”
Tags: CDC, Contagious, New Jersey, New York, Officials, Omicron, Santa Clara, Treatment facilities, Variant, Wastewater
San Francisco Chronicle (August 24)
“San Francisco has long reigned as the priciest rental market in the U.S.—but it has officially been dethroned…. New York’s one-bedroom median rent rose a whopping 4.9% in August to $2,810, slightly more than San Francisco’s median of $2,800, which reflected a month-over-month increase of 2.9%.” San Francisco had been the priciest rental market since at least 2014 when Zumper began tracking data.
Tags: Dethroned, New York, One-bedroom, Priciest, Rental market, San Francisco, U.S., Zumper
Financial Times (June 22)
Wall Street banks “have been at the forefront of the push to convince workers to return to the office.” In the strictest vaccination policy yet, “Morgan Stanley employees and clients who have not received their Covid-19 vaccine will be barred from entering the bank’s New York offices.”
Tags: Banks, Barred, Clients, COVID-19, Employees, Forefront, Morgan Stanley, New York, Office, Return, Strictest, Vaccination policy, Wall Street
Bloomberg (May 29)
The Asia-Pacific region “has gone from leader to laggard.” Until recently, APAC fared remarkably well at averting the worst of the pandemic. Now, in contrast, as “New York and London reopen, Singapore and Taipei are in semi-lockdown. Melbourne joined them this week. On May 24, the U.S. State Department added Japan to its ‘Level 4: Do Not Travel’ advisory list.” The “failure to get shots into arms fast enough has in some cases triggered swift and unexpected reversals of fortune that carry significant economic implications.”
Tags: APAC, Economic implications, Japan, Laggard, Leader, Lockdown, London, Melbourne, New York, Pandemic, Reopen, Reversals, Singapore, Taipei, U.S.
Crain’s Chicago Business (May 4)
CME’s last commodity trading pits “shut over a year ago because of COVID-19, and the exchange announced today that they won’t reopen.” CME “had already closed floor trading for most futures contracts in Chicago and New York in 2015 as open outcry had fallen to just 1% of total volumes. The options pits in Chicago, with history stretching back 173 years, were the exchange’s last bastion for old-school commodities floor traders.”
Tags: Chicago, CME, Commodity trading, COVID-19, Exchange, Futures, New York, Open outcry, Options pits
Wall Street Journal (December 17)
“Who wins from Brexit? New York.” No matter how “current negotiations between the U.K. and EU end, U.S. swap exchanges stand to gain European business.”
Tags: Brexit, Business, EU, Gain, Negotiations, New York, Swap exchanges, U.K., U.S., Wins
CNN (November 7)
“From New York to Miami in the East and Denver and Austin out West, Biden supporters flooded into the streets after CNN and other news organizations projected Biden as the winner Saturday morning, honking horns, cheering, dancing and popping champagne.”
Tags: Austin, Biden, Champagne, Cheering, CNN, Dancing, Denver, Horns, Miami, New York, Streets, U.S., Winner
Plain Dealer (September 3)
“Greater Cleveland’s economy has been hit harder than most large metro areas across the country during the coronavirus crisis…. Just three of the 40 largest metro areas – New York, Las Vegas and Boston – have done worse in terms of job losses than Cleveland’s 12% decline from July 2019 to July 2020.”
Tags: Boston, Cleveland, Coronavirus, Crisis, Decline, Economy, Hit harder, Job losses, Las Vegas, New York
San Francisco Chronicle (July 27)
Half a year into the pandemic, a “role reversal of sorts” took places for the giants of the east and west coasts. “California passed New York with the most coronavirus cases in the United States. That grim convergence occurred as the nation reached its own dark milestone: 4 million reported cases. California, as of Sunday, has about 452,000 cases, to New York’s 412,000.” With about 425,000 cases, Florida has also passed the Big Apple.
Tags: California, Coasts, Coronavirus, Grim, Milestone, New York, Pandemic, Reversal, U.S.
