Word: manhattanization
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...That expectation was given a boost in September when First Solar, the Arizona-based solar-module manufacturing giant, announced that it had landed a deal to build a solar field bigger than Manhattan near the city of Ordos, Inner Mongolia. The project will dwarf the largest solar plants to date, and eventually generate enough electricity to power the equivalent of 3 million Chinese homes. To fulfill the huge demands, First Solar says it's considering building a solar-module manufacturing facility in the city to support the project. While financial details were not released, news of the deal caused First...
Prosecutors in Manhattan said they broke up a major insider-trading ring, the largest ever centered in the hedge-fund industry. Raj Rajaratnam, a billionaire co-founder of the Galleon Group, and five others were arrested and charged with earning $20 million off stock trades on the basis of information unavailable to the public. Rajaratnam, whose firm manages $3.7 billion, allegedly relied on a broad network of sources, including executives at IBM and McKinsey & Co., for lucrative tips; one leak about a Google earnings report yielded his firm $8 million in profits in 2007, authorities said. The investigation...
...they showcase much of what makes Chicago theater so distinct and vital. The City of Big Shoulders produces big-shouldered theater as well--thematically ambitious, emotionally juiced, socially impassioned. It's a contrast to the hothouse quality of so much current New York theater: wispy memory plays, absurdist satires, Manhattan-centric relationship dramas, many written by gay playwrights on gay themes. Not that there's anything wrong with that. But there's a big country out there, and right now the freshest breezes onstage are blowing in from the Windy City...
...pointless too. Because to some extent, Wall Street's pay and its problems really are misunderstood. (Stop snickering! It's true.) Even though "Wall Street" means the nation's big financial and investing operations, not a geographical location, a disproportionate number of Street people live in Manhattan. Things in the desirable parts of that borough are expensive beyond belief, especially if you have children and feel the need to send them to $40,000-a-year private schools. But these people choose to live in Manhattan...
Before globalization, there was trade. Some ports, like Hong Kong or New York, began by handling tea or opium, then progressed to manufacturing and finance. Others, like Alexandria or Pulau Run (one of the Indonesian Spice Islands that, in 1667, the Dutch swapped with the English for Manhattan) failed to move with the times...