Financial Times (May 20)
“Today, Hong Kong’s future as a global financial centre looks uncertain as the rival Shanghai Stock Exchange grows in size and credibility…. On the face of it, conditions at the HKEX look fine.” Revenues, profits and new listings were all up in 2017. “Yet Hong Kong was only third when it came to money raised in IPOs. Shanghai and New York were ahead by value, while Shanghai and Shenzhen surpassed the number of Hong Kong listings.”
Tags: HKEX, Hong Kong, IPOs, Listings, New York, Profits, Revenues, Rival, Shanghai, Shanghai Stock Exchange, Shenzhen
Reuters (April 12)
“At New York’s Trump Tower, condo prices have lost their glitter.” It’s not just because of the recent deadly fire, it’s also “the constant presence of armed guards and Secret Service agents,” as well as the unwanted association with the President. “Since 2015, prices at Trump Tower have dropped 30 percent per square foot compared with an 8 percent fall in comparable properties on Manhattan’s Midtown East Side.”
Institutional Investor (March 1)
New York City “is aiming for full divestment of coal, oil, and gas from its $189 billion retirement system–but could get sued in the process” if such a move is deemed contrary to fiduciary duty. If they successfully divest the roughly $5 billion in assets linked to fossil fuel, however, “New York’s pension funds would be the first major U.S. retirement system to rid itself of fossil fuels.”
Tags: Coal, Divestment, Fiduciary duty, Fossil fuel, Gas, New York, Oil, Pension fund, Retirement
Chicago Tribune (November 1)
“So the pattern established oceans away now visits America,” specifically New York, where “terror by the ton” disrupted what should have been a delightful Halloween. “We don’t know if this suspect was heeding an Islamic State call to attack trick-or-treaters on Halloween. Or if only his own twisted thinking drove him,” but we have “seen enough of these car and truck attacks—in London, Nice, Stockholm, Berlin—to know they are all but impossible to predict or prevent.”
Tags: Berlin, Halloween, London, New York, Nice, Predict, Prevent, Stockholm, Terror, Truck attacks, Twisted, U.S.
New York Times (December 30)
“Glory, glory, hallelujah! New Year’s Day is about to bring New Yorkers what many of their ancestors never lived to see: the opening of the Second Avenue subway.” Though it is set to open on schedule, the line is really “nearly a century overdue. It was dreamed up in the 1920s, was derailed by the Great Depression, by wars overseas and political battles at home, by the 1970s fiscal crisis, by dithering, distractions, diverted funds and the inertia that keeps big infrastructure projects forever on the drawing board.”
Tags: Ancestors, Great Depression, Hallelujah, Infrastructure, New York, Overdue, Subway
New York Times (September 20)
Days after the Chelsea bombing, with an eye to this week’s UN meeting, the mayors of three great cities (Bill de Blasio of New York, Anne Hidalgo of Paris and Sadiq Khan of London) write, “We know policies that embrace diversity and promote inclusion are successful. We call on world leaders to adopt a similar welcoming and collaborative spirit on behalf of the refugees all over the world during the summit meeting this week. Our cities stand united in the call for inclusivity. It is part of who we are as citizens of diverse and thriving cities.”
Tags: Bombing, Chelsea, De Blasio, Diversity, Hidalgo, Inclusion, Khan, London, Mayors, New York, Paris, Refugees, Thriving cities, UN meeting
Bloomberg (September 11)
“It’s called the U.S. Open, and the crowd is definitely from New York, but the clothing on the court is decidedly Japanese.” Asics, Yonex and Uniqlo were all the rage. “As the 2016 Grand Slam draws to a close, Japanese brands have far outpaced their Western competition.”
Wall Street Journal (May 19)
“If the U.S. had not come to the aid of the Korean people, or if we in the South had lost the war, I would not be standing here.” Kwon Oh-joon, CEO of steel manufacturer Posco, made this comment when he received the Korea Society’s Van Fleet Award in New York.
Tags: CEO, Kwon Oh-joon, New York, Posco, South Korea, Steel, U.S., War
U.S. News & World Report (February 24)
Beijing is now “home to more billionaires than any other city in the world” after successfully edging out “New York City as the world’s capital for billionaires.” Of nearly 2,200 billionaires worldwide, 100 reside in Beijing, while 95 call New York City home. Moscow ranks a distant third with 66 billionaires. Nationwide, with 568 billionaires, China has also beaten the U.S., which ranks second, with 535. Japan round out the top ten countries with 42 billionaires, just behind the 49 living in Brazil.
New York Times (January 25)
“A massive snowstorm that blanketed the East Coast moved out to sea on Sunday, leaving 28 people dead, near-record snowfall in some major cities and heavy flooding along the coast.” With over 30 inches (76 cm) of snow in some places, this ranks as New York’s second highest snowfall since 1869. Some areas received even more, with West Virginia recording over 40 inches (101 cm).
Tags: Dead, East coast, Flooding, New York, Record, Snowfall, Snowstorm, U.S., West Virginia
