Word: manhattans
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...year for the past four years, boosting demand for houses, offices, megamalls and hotels. Land prices in some areas have tripled in value since 2004, while office rents in Mumbai (formerly Bombay) and New Delhi are now more expensive than those in Paris, Hong Kong or midtown Manhattan. Yet the boom may still have room. Merrill Lynch forecasts India's property industry will grow to $90 billion by 2015, up from $12 billion in 2005. "You will need 100 DLFs," Singh says...
...first edition. Lan, who won't divulge further details about the previous owner, says the original drawings make the specimen "an acquisition of a lifetime," since "so little related to a personal aspect of Galileo is on the market." The book will go on show at his Manhattan gallery for a week in September, says Lan, and will carry a price tag of at least $10 million. He notes that past Galileo volumes have sold there for anywhere from $5,000 to $1 million...
...markets that already don't like the heat. For nearly 20 years, August has been the worst month of the year for the S&P 500. The folks at Homeland Security are pale and twitchy, recalling the mood of August 2001; the Geiger counters were out again in lower Manhattan. And as families set off for the lake or the mountains, there are bridges to cross; we are all inspectors now, wondering if the steel feels weak in this heat...
...Earlier this summer, a friend got lost as he drove a few of us from his home in Manhattan to Long Island. After ten minutes of wandering through dark back roads, he slammed on the brakes and let out an impressive string of expletives, ending in a detailed description of what exactly he would do to himself if ever forced to live outside of a city and drive a motor vehicle...
...famously clean public water. Salt Lake City's mayor has asked public employees to stop supplying bottled water at municipal events. And a few top-flight restaurants that once would never have dreamed of serving tap are ditching the bottles. At Del Posto, Mario Batali's newest spot in Manhattan, entrées can cost more than $40, but the restaurant isn't interested in adding environmental cost--it will soon stop selling bottled water. Co-owner Joseph Bastianich says the Italian restaurant will instead serve diners its kitchen's purified tap water, sparkling and still...