U.S. Economy


  • Economy & Politics
  • Investing
  • Personal Finance
  • Related Posts

    Worst Ever U.S. Trade Deficit Excluding Crude Hints At Upcoming QE4
    5 Things We Learned From April Auto Sales
    The Truth Behind The Keystone Pipeline
    U.S. Trade Deficit Largest Since 2008 As Imports Surge
    The Strange Things You Need To Do To File Patents In The US
    Major U.S. Retailers Are Closing More Than 6,000 Stores
    Legal Corruption In The US: Meet The 1% Of The 1% Who Drive American Politics
    New Study Says America Can Afford A $12 Minimum Wage
    Put Granny In The Garage (And Other Ideas For Graying Cities)
    Here’s Why Buffett Thinks The Fed Should Put A Rate Hike On Ice
    Another Big Tobacco Bond Deal, Cajun Style
    Bird Flu Strikes Another 5.5 Million Iowa Chickens
    Consumers Boost Spending In March
    U.S. Data Suggest Economy Picking Up Steam After Weak First Quarter
    Draining California’s Water Savings Account

    Introducing Ghost Skyscrapers… In New York City

    Late last month, New York Magazine published a lengthy and very important article titled: Stash Pad – Why New York Real Estate is the New Swiss Bank Account. The entire article is well worth a read, and left me shaking my head in disbelief the entire time. As someone who grew up in New York City, it’s a real shame to see the continued transformation of Manhattan into nothing more than an oligarch playground, or as I sometimes like to call it, “Disneyland for Wall Street.”

    One of the most shocking and disturbing revelations from that article was the fact that:

    “The Census Bureau estimates that 30 percent of all apartments in the quadrant from 49th to 70th Streets between Fifth and Park are vacant at least ten months a year.”

    One of the highlighted building in the New York Magazine article is the 1,000 foot ultra-luxury development known as One 57. We learn more about this beast from My FOXNY:

    Click to read the full story

    Discuss this Story:

    Comment Policy: We encourage open discussion. Comments including racist statements, profanity, name calling or spam will be removed at our discretion. We use filters for spam protection. If your comment does not appear it is likely because it violates the policy.

    The Carly Fiorina Leadership File
    Germany Really, Really Likes Spying
    Liberals, Try Talking About Family Breakdown
    Save The World, Give Up On Nature
    Ben Carson, This Year’s Political Novice
    Our Hardliners, And Iran’s
    What The Clintons Haven’t Learned
    Yemen Rebels Shell Saudi Arabian City, Casualties Reported; Saudis Vow Retaliation
    ISIS Warns Of “Harsher And Worse” US Attacks After Claiming Responsibility For Botched Texas Shooting
    6 Reasons Why Britain Is Ready To Hang Itself
    How Chinese Oligarchs Used Fake Trade Invoices To Launder Almost $1 Trillion Globally
    Ron Paul Warns The ‘USA Freedom Act’ Is Just Another Name For Lost Liberty
    What Is The Government Hiding From Us?
    Australia’s RBA Cuts Rates, Markets Wonder If That’s All
    Statehouse Republicans Want Campaign Disclosure
    Obama’s New Answers On Iran Fall Flat
    Greece’s Firebrand Finance Minister Deserves To Be Heard
    Why Democrats Soured On Trade
    House Republicans Get Smart On Police Abuse
    What Is China’s Navy Doing In Mediterranean?
    Forget Tiger Penis: Viagra Sales Are Absolutely Surging In China
    ISIS Claims Responsibility For Texas Shooting That Leaves Two Dead, Police Officer Injured
    TEPCO Admits Fukushima Is Leaking Again — Over 600x ‘Safe’ Radiation Levels
    China’s “Slow” Growth Is Still Creating Huge Money Opportunities
    Carly Fiorina Says She’s Running For President
    China Gets Backed Into A Corner By The ‘Impossible Trinity’
    China April HSBC PMI Shows Biggest Drop In Factory Activity In A Year
    Inching Toward Conflict: US Navy To Escort Cargo Ships In Persian Gulf; Iran Refuses To Back Down
    Police Cameras: Still A Bad Idea
    Rubio’s New And Improved Poison Pill
    Read more from Economy & Politics...

    Liberty Investor Digest

    Get today's most important
    financial headlines all in
    one place by email!



    Sign Up For Liberty Investor Digest™!

    Get Liberty Investor Digest FREE By Email!

    Input your name and email address in the fields below and get today's most important financial headlines sent straight to you inbox!

    Privacy PolicyYou can opt-out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.