It’s 10 p.m. on a Saturday, and the low-fare overnight buses in Chinatown are idling in rows. Markets have long ago pulled down their metal gratings and thrown bags of pungent trash onto New York’s curbs. And directly under the Manhattan Bridge, on a desolate corner, here’s an unusual sight: men in sequined sports coats…
The record price for a Brooklyn home broke the $15 million threshold this summer, and by now it’s widely accepted that New York’s outer boroughs are not much of a bargain, growing further out of reach for the aspiring homeowner. The rush of new construction in gentrifying neighborhoods has pushed up the price of land, and…
ONE NIGHT IN 1940, a bomb tumbled out of the sky into a garden in North London, exploding into thousands of droplets of white-hot aluminum oxide, which cascaded over the lawn. The buckets of water that the inhabitants of the house at 37 Mapesbury Road—two Jewish doctors and their sons—poured on the fire only fed…
People around the world are living longer, but many are also living sicker lives for longer, according to a study of all major diseases and injuries in 188 countries. General health has improved worldwide, thanks to significant progress against infectious diseases such as HIV/AIDS and malaria in the past decade and gains in fighting maternal…
Unfortunately, we live in an era where the ignorant dickhead is celebrated. The greater the ignorance or the more appalling the behaviour the more oxygen they are given. This is a sad consequence of the inevitable dumbing down of society at large and the rubbish fed to us by a media that is full of…
Bloomberg has created an interesting graphic looking at the various market interventions undertaken by the Chinese government. The part to concentrate on is the number of actions taken to stem the decline – none of which seemed to have worked. My feeling has always been that markets will go int he direction they want to…
This has been a tough week for the 0.01% out there. For the world’s billionaires, this week is already proving rough. The Chinese stock market dropped 8.5 percent Monday, the biggest single-day decline since 2007, and the world’s 400 richest people lost about $124 billion collectively. Chinese billionaires lost more than $14 billion of their…
AMMO NYC is my new favourite YouTube channel. I am fascinated by this young blokes fastidiousness and professionalism. Every tradesman I have met for the past year has been the complete opposite – a total collection of fuckwits who are incompetent beyond belief. This gives me hope that out there are people who know what…
I thought will the market currently going to hell in a handcart it would be instructive to generate a few drawdown curves for the main players. Moves such as the one we are undergoing are always instructive, if only for the illustrative effect of seeing how little the media actually knows about market. The issue…
