Word: manhattanization
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...recent New York-area flux of bigger festivals, which are much more popular in the western part of the country, Hogan answered simply, “It’s probably just about time.” ATP NY is being held in Monticello, NY, about two hours from Manhattan, from September 19th through the 21st.In addition to performing, My Bloody Valentine is curating the third night of the three-day festival. Each ATP is curated by one or more bands or celebrities, who are asked by Hogan to select all the bands, musicians, and films they want...
...just for the poor renters who will need government help to find places to live. Building owners hope to attract wealthier tenants to fill the vacancies. But there just might not be enough of these to go around. Says Howard Husock, vice president of policy research at the Manhattan Institute, a conservative New York-based think tank: "If you look at the location of many of the buildings that are discussed, there is not an unlimited supply of investment bankers who are going to move into lower-income areas. That's why the government must figure out how they will...
...billion in crummy mortgage loans compared with a $13 trillion U.S. economy or a $54 trillion world economy? - failed to grasp that possibility. It turned out that Wall Street's greed - and by Wall Street, we mean the world of money and investments, not a geographic area in downtown Manhattan - was supplemented by ignorance. Folks in the world of finance created, bought, sold and traded securities that were too complex for them to fully understand. (Try analyzing a CDO-squared sometime. Good luck...
...example in our backyard, consider Lehman Brothers. Lehman was so flush, or at least felt so flush, that in May 2007 it sublet 12 prime midtown-Manhattan floors of the Time & Life Building - across the street from Lehman headquarters - from Time Inc., which publishes this magazine. Lehman signed on for $350 million over 10 years. (It's not clear what kind of hit, if any, Time Inc. will now face...
...Wall Street behemoth filed for Chapter 11 bankruptcy protection, a stunning collapse that may leave thousands of employees without jobs. With $639 billion in assets, the firm's filing is the largest in history. Throughout the day, as media crews hovered around the entrance to the firm's Midtown Manhattan headquarters, some of Wall Street's best and brightest trickled out onto the pavement, their faces crestfallen and their ties yanked askew...