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New York nabs global property crown from London on Brexit fears

5 days agoNews : The Raw Story

New York has knocked off London as the world’s premier city for foreign investment in commercial real estate due to fears the vote to leave the European Union would diminish the British capital’s appeal as a global financial center. Data on cross-border property transactions indicate...

First Look Inside The Gigantic New Eataly Location At 4 World Trade Center

Eataly, hellbent on turning New York into a Rome with streets that are easier to cross, will open its second location in New York this month in the Financial District at 4 World Trade Center. We got a sneak peek at the 48,000 square foot food emporium today, and it was basically like diving into a beautiful sea of bread. [ more › ]

17 people injured on New York Waterways ferry in Jersey City

last monthNews : NY Daily News

More than a dozen passengers on board a ferry from World Financial Center were injured when the boat made a rough landing in Jersey City.

What's On Your Phone? Probably Not Your Wallet

Mastercard is just the latest financial behemoth to jump into the mobile wallet game, but it's not clear if anyone is winning in this space. At a grandiose event atop the World Trade Center, Mastercard unveiled new technology that will enable partnered banks and retailers to send and accept money through a mobile phone. Show More Summary

European Cities Lining Up to Topple London as Global Financial Center

London's unique position as one of the major finance centers of the world - and the leading one in Europe - is under threat following the Brexit referendum result, with Frankfurt, Paris, Luxembourg and Dublin all vying to wee financial institutions away from the British capital.

Int'l Banks Agree to Help London Retain Position of World Financial Hub

UK's Chancellor of the Exchequer George Osborne and leaders of international investment banks agreed to help London maintain its role of the world financial center, according to a joint statement issued on Thursday.

Boondoggle or Beauty? A First Walk Through Calatrava’s Transportation Hub

In early 2004, the architect Santiago Calatrava stood beneath the palm trees of the World Financial Center’s Winter Garden and drew a quick sketch of a child releasing a dove. That was the showman’s prelude to unveiling his design for the World Trade Center Transportation Hub, a great white bird... More »

The War On Savers And The 200 Rulers Of World Finance

There has been an economic coup d’état in America and most of the world. We are now ruled by about 200 unelected central bankers, monetary apparatchiks and their minions and megaphones on Wall Street and other financial centers. Unlike Senator Joseph McCarthy, I actually do have a list of their names. Show More Summary

Stocks level off in Asia after day of turmoil on world markets

Trading in narrow band in various Asian financial centers; shares took big hit to start the year

Fintech Startups Face Difficult Market Ahead

The Fintech Landscape 2015 was an astounding year for fintech startups. In global financial centers around the world, entrepreneurs were busy launching new companies and raising capital. From London to New York and across China, Hong Kong and Singapore, several hundreds of new companies joined a growing number of fintech startups. Estimated [...]

Calatrava's Overdue WTC Transport Hub to Open

After more than 10 years and roughly $4 billion, the World Trade Center Transportation Hub's Santiago Calatrava-designed Oculus is set to open early March, Politico New York reported. The structure, in the Lower Manhattan Financial District of New York,...

The Next Financial Crisis is Unfolding Now

Money Morning Members should know two things. First: the 2008 financial crisis was caused by a housing bubble, centered in the U.S., that radiated out through the rest of the world and almost destroyed the global financial system. The post The Next Financial Crisis is Unfolding Now was originally published at The Wall Street Examiner. Follow the money!

Tishman Construction admits cheating clients that include the World Trade Center

Tishman Construction Corp., builder of 1 World Trade Center in New York's financial district, admitted to an overbilling scheme spanning a decade and agreed to pay $20 million in restitution and... To view the full story, click the title link.

Port Authority to Pay Part of Murdoch Companies’ Rent to Lure Them Downtown

8 months agoNews : NYTimes: News

Leaders of the agency said the financial benefits it would reap from the deal, which is meant to entice Rupert Murdoch to move his two corporations into 2 World Trade Center, would outweigh the costs.

Today's archidose #871

Here are some of my photos of the "Luminaries" installation at Brookfield Place (formerly the World Financial Center) in New York City by the Lab at Rockwell Group, on display until 10 January 2016. See also my coverage of the installation at World-Architects. Show More Summary

Architect David Rockwell's "Luminaries" Aims To Create A New Holiday Tradition

The installation comprises 650 translucent LED lanterns and a series of touch-sensitive "wishing stations" throughout NYC's Brookfield Place. This last Tuesday, New York City's Brookfield Place—known as the World Financial Center before its recent $250 million renovation—lit up with 650 floating LED lanterns. Show More Summary

Firms step up cybersecurity practices as attacks rise

A joint operation between the U.S. and Britain later this month to carry out a simulated cyberattack on Wall Street and London will test the resiliency of the world's financial centers and... To view the full story, click the title link.

MIT Picks Hong Kong For its First Innovation Center

10 months agoTechnology : Tech - WSJ.com

Hong Kong, mostly known for its skyscrapers, financial hub and sky-high property prices, has been picked by the Massachusetts Institute of Technology as the place for its first innovation initiative in the world.

New York’s Second Eataly Location Has an Opening Date

Coming soon to the Financial District. Mario Batali & Co.'s Eataly will occupy a 41,000-square-foot space at 4 World Trade Center, as previously announced at an event last April by the company's founder Oscar Farinetti. It appears they're...Show More Summary

Let's Retire Buffett's Jersey Number In Center Field

I'm disinterested in kicking around Warren. After all, his achievement in the financial world as an iron man is comparable with Babe Ruth and Lou Gehrig and stretches over 50 years. But, I believe BRK will end up selling at a discount to book value. Its $110 billion equity portfolio [...]

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