In the twilight of Mayor Michael Bloomberg’s tenure, a New York agency will vote next week to give developers $120 million in tax breaks for two of his signature projects: a new district of offices, apartments and shops on the far west side of Manhattan, and a hotel and mall in a Queens neighborhood filled with auto shops and junkyards.
President Barack Obama, setting a theme that he’ll pursue in the final years of his presidency, said growing income disparity in the U.S. is the “defining challenge or our time” and Washington must confront it.
On days when thousands of jalapeno peppers are ground to make the hot, tangy sauce favored by chefs from New York’s Jean-Georges Vongerichten to Los Angeles’s Susan Feniger, fine red powder coats Dena Zepeda’s silver Nissan and, when she’s outside, collects in her ears.
Hutchison Whampoa Ltd. sold a second house in Hong Kong’s upmarket Victoria Peak area in a week for more than HK$500 million ($64 million), as developers accelerate sales amid expectations property prices are peaking.
Rockland County, New York’s third- wealthiest, had its finances put under state oversight this month as it tackles deficits. Investors are betting the move will help the municipality get back on track.