On November 19, The Central Park Conservancy hosted Autumn in Central Park
Autumnal decorations worthy of the gods, Van Cleef & Arpels diamonds glittering around genteel necks, floor-length Valentino gowns sashaying on the dance floor… This is about as WASPy as New York City gets.
Shindigger was in heaven.
Photographs by Paul Porter/BFAnyc.com Read More
High Frequency Trading
Foursquare has been ramping up it efforts to connect with businesses as new competition emerges for local ad dollars from giants like Facebook and Groupon.
Yesterday Foursquare unveiled a new and improved business section of it website, divided into advice for specific local venues and larger national brands.
Business owners can learn how Read More
Many Wall Street heavyweights shy away from the spotlight — with good reason. In a world where moneymaking ability frequently trumps all other considerations, it’s best to avoid public scrutiny. Despite a tight-lipped culture, though, a few emissaries from the financial world emerge each year — occasionally for their fantastic achievements, but equally often by Read More
Wall Street tycoons, government regulators and failed outcasts from the world of finance are often measured in their statements to the press, which is why an accidental moment of truth or irony is exceptionally rich when it makes its way through the PR infrastructure that protects corporate America’s interests. From the victims of the crash Read More
In 2010, a year marked by a tepid recovery, there were nonetheless some moments of wondrous surprise and genuine shock. Wall Street titans were taken to task, and the markets roiled under the apparent digital whims of robotic traders. Beneath the slow and difficult restructuring of the U.S. economy, some massive and rapid shifts were Read More
Each week, The Observer looks at commodities, stocks, currencies and economic data points that are making big moves and setting new records. This week’s extreme action takes place everywhere from the German job market to Russia’s dairy farms. For the most hard-core, eye-popping economic action this week, check out the latest installment of … Read More
The AIA Asian life-insurance unit of enfeebled insurance behemoth AIG will hit the Hong Kong stock exchange on Oct. 29, according to Reuters. The sale could result in a $15 billion capital raise for AIG. AIG had previously rejected a $30 billion offer from Prudential to buy the whole company, saying that the Read More
Former White House budget director Peter Orzag will begin writing columns for The New York Times opinion page next week, the paper announced today.
Editor Andrew Rosenthal praised Mr. Orzag as “one of the most recognizable names in economics” in a release. His column will appear once or twice monthly.
Mr. Orzag left his job Read More