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    Bank Settlements Create Windfall For U.S., And Wrangling Over How It Is Spent
    As U.S. Strengthens, Sluggish Wages Explain Fed’s Caution
    The Stealing Of America By The Cops, The Courts, The Corporations And Congress
    Krugman’s Latest Debt Denial: Why His Two Magic Numbers Don’t Cut It
    California’s Drought Could Tip America Toward Economic And Social Turmoil
    Is There A Fracking Bubble?
    This Emerging Malware Sends Secret Messages And Is Practically Impossible To Detect
    The Long-Term Joblessness Battle Isn’t Over
    CPI Remains Stubbornly High As Yellen’s “Noise” Won’t Go Away
    The New Scariest Chart In America
    Meet The Online Tracking Device That Is Virtually Impossible To Block


    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

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