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For me, the most poignant photograph of the destruction left by hurricane Sandy was of the Fairway supermarket in Red Hook, Brooklyn. I used to shop there on weekends and, in the café at the back, next to two disused trams, would enjoy the vista of New York harbour and the Statue of Liberty.
There’s a tantalising glimpse of Oliver O’Brien’s wonderful interactive map of London (and the UK) in Tuesday’s FT. The map is in the style of the great Charles Booth, who researched London poverty 120 years ago and displayed it cartographically. Our analysis contains the sobering observation by Mr O’Brien that “London’s mix of rich and poor changes dramatically from street to street. But what you see even 120 years after Booth is that many of the patterns remain the same”.
Visitors to the Olympic Games may want to take a look at the map before heading for the Olympic park to gain a little socio-economic perspective amid the glitz and hoop-la. As my colleagues James Pickford and Chris Giles write in their analysis: Read more
The financial crisis has come full circle. Having started in Florida, home of speculative property development and sub-prime lending, it is culminating in Dubai, the most fragile of the United Arab Emirates.
The ambiguity over the financial strength of Dubai, a trading entrepot that relies on Abu Dhabi, the richest of the emirates, for financial backing ended on Wednesday with the disclosure that it wants investors to agree a debt standstill at Dubai World, its flagship holding company. Read more
Someone at AT&T is a reader of this blog, it seems.
One of my posts was last week picked up by AT&T and quoted at length in a complaint that the company made on Friday to the Federal Communications Commission about Google Voice. The first I knew about it was when I read news reports at the weekend. Read more
This Wednesday turns out to be the 35th anniversary of the introduction of those machine-readable stripes now found on every packet and tin in every store.
I spent today at court in lower Manhattan watching Bernie Madoff being jailed. Here is my account of it for the FT:
The end of Bernie Madoff’s liberty came swiftly. “It is my intention to remand Mr Madoff. I do not need to hear from the government,” said Judge Denny Chin briskly, a second after Ira Sorkin, Mr Madoff’s attorney, had ended his hopeless plea for his client to remain on bail. Read more
In these tough economic times, it is sometimes hard to think of a silver lining. But Richard Florida proposes an interesting one: that what is bad for financial services firms may be good for artists and psychiatrists. I think he may be on to something.
In an essay in the latest Atlantic magazine, Florida suggests that New York City may not be as badly affected as some other US cities by the recession – despite being the home of Wall Street – because a lot of New Yorkers work in other industries, some of which are counter-cyclical. Read more