New York

The story of skyrocketing rents has two components: residential and commercial.

My New York neighborhood, the Upper West Side, features fairly stable residential rents, but commercial rents seem to have been soaring. This has caused the familiar angst over the loss of neighborhood businesses to the ubiquitous bank branches and drug stores.  read more »

When you’re a kid, there are certain cartoons you just love. That love remains over time as your warmly think back on childhood memories. It lasts, that is, until you foolishly go back and watch an episode of two of a favorite show, what which point you say, “Holy cow! That show is terrible.”  read more »

Peter Thiel recently made one of his trademark provocative statements by saying, “If you are a very talented person, you have a choice: You either go to New York or you go to Silicon Valley.”

The problem for Thiel was that he said this while speaking at an event in Chicago. No surprise, it didn’t go over well. An enquiring questioner wanted to know, “Who comes to Chicago if first-rate people go to New York or Silicon Valley?”  read more »

Is New York City helping or holding back Upstate New York?

Towards the end of times, when all of mankind congregates in a final purgatory to draw the main lessons of this grand adventure called Life, there will be special attention paid to the centuries’ long efforts at harmonizing individual happiness with the needs of the collective. There will be seminars on leadership and war. There will be a thick chapter on the blessings and dangers of science. There will be a long section, co-written by poets and undertakers, on the success of freedom and the failure of tyranny. There will be wonder and consternation about religion and the nature of the universe. And there will be, inevitably, extensive reporting on economic ideology.  read more »

I live on the Upper West Side in New York and love it. But when Paul Krugman wrote a blog post using the UWS an example of what’s right in America – “If you want to feel good about the state of America, you could do a lot worse than what I did this morning: take a run in Riverside Park” –  I had to respond.  Not only is the UWS obviously unrepresentative of America, but many people see its prosperity as purchased at least in part at their expense.  read more »

Central Park jogs and carriage rides, Broadway shows, world-class museums and restaurants, the allure of Times Square: these are the things that make downtown New York City so appealing… for tourists. But for those who aren’t just visiting — for the millions who live and work in this bustling, densely populated area — the relationship with the core of the Big Apple can be equal parts love and hate.  read more »

Throughout the recession and the decidedly uneven recovery, Southern California has tended to lag behind, particularly in comparison to the Bay Area and other booming regions outside the state. Once the creator of a dispersed, multipolar urban model – “the original in the Xerox machine” as one observer suggested – this region seems to have lost confidence in itself, and its sense of direction.  read more »

The New York subway is unlike any other transit system in the United States. This system extends for 230 miles (375 kilometers) with approximately 420 stations. It serves the four highly  dense boroughs of the city (Manhattan, Brooklyn, Queens and the Bronx), each of which is 20 percent or more denser than any municipality large municipality in the United States or Canada.  read more »

The deceleration of China and resulting commodities crash have created a problem for developers of ultra luxury condominiums.

The ancient Egyptians believed that the sky was a solid dome, the belly of the goddess Nut who arched her body from one side of the horizon to the other. Every day, the sun god Ra emerged in the east and sailed in his boat across the sky until dusk when he disappeared in the west by dipping below the surface of Nun, the ocean upon which the whole flat earth floated.  read more »

For hundreds of years, New York City has been viewed by Americans and foreigners alike as the default capital of the United States. Though not the official political capital city, New York, New York has been commonly viewed, and certainly among its own residents, as the de facto center for American culture, music, sports, food, and art.

Although far more people migrate out of the New York area than come, it remains a primary destination for those who—in the words of Frank Sinatra—want to be a part of it.  read more »