Thanks to artist Maurizio Cattelan — the prankster artist and sculpter who splits his time between the East Village and Italy — an 11-meter installation of a severed hand with its middle finger firmly raised is currently placed in front of the Milan Stock Exchange. The bird-flipping effigy is called “L.O.V.E.”
The decision to direct such a Read More
The “Flash Crash” of May 6, which scared the bejeezus out of retail investors and illustrated just how volatile and unpredictable the U.S. stock market can be, may have been caused by rogue traders who were manipulating the market, Barron’s reports.
A computer programmer named Eric Scott Hunsader has floated a theory about the Read More
When Ashish Parikh went looking for lenders late last year to refinance the nearly $30 million in debt that his company, Hersha Hospitality, assumed when it purchased the Hilton Garden Inn in Tribeca, he received some level of interest from 30 lenders, and six term sheets.
“If this was 2006 or 2007, Read More
In the beginning there was chaos.
And the economy was without form, and void; and darkness was upon the face of the market. And the Spirit of Economists moved upon the face of the waters.
And the Economists said, “Let there be a Committee that marks the beginnings and ends of recessions.”
The year was Read More
“I literally had to sit there and tell him that he had to tell his wife that she had to stop spending.He was actually scared she would leave him because their financial situation changed so drastically." – Manhattan divorce lawyer Nancy Chemtob on a client whose net worth had dropped from $20 million to $8 Read More
