New York City

Why Has The White House Suddenly Released A Strategy For Dealing With A Catastrophic Meteor Impact?

While we should take notice at the government preparations for disaster (and the possibility of a cataclysmic collision with damaging objects in space), we should perhaps take more notice at what they are preparing for with all the billions of dollars thrown at defense and survival, it comes in secretive infrastructure for a reclusive sect of power, and in top-down plans to contain the unrest.

New York Times Admits "Higher Minimum Wage May Have Losers"

The New York Times would like for you to know that, after attending the annual meeting of the American Economic Association where they sat in on multple presentations on the economic impacts of minimum wage, they can now confirm what most of us have known for most of our adult lives, namely that basic economic supply/demand models actually work.

Cadillac Launches First Ever "Vehicle Subscription" Service

With record low interest rates, stretched out financing terms and an insatiable wall street demand for subprime auto securitizations all teaming up to drive record-high auto sales, Cadillac seems to think there is little room for incremental upside in their traditional auto sales/leasing business so they've decided to pursue an alternative business strategy whereby they just sell cars to themselves instead. 

GOP Plans 'Pre-Emptive' Law Crackdown On Liberal City Agendas

"What we see is circumventing the process that’s in place.  I think we will likely look at language on preemption so that the state is making decisions where it ought to, and cities and counties are making decisions where they should."

Frontrunning: January 5

  • Dollar Posts Biggest Drop Since Trump's Win (BBG)
  • World stocks hit 1-1/2 year high after strong China data (Reuters)
  • Apple pulls New York Times apps in China after government request (Reuters)
  • Macy’s Axes Jobs and Stores, Echoes Kohl’s on Weak Holiday (WSJ)
  • India’s Cash Woes Are Just Beginning (BBG)

Manhattan Apartment Prices Collapse Most In Four Years

"Maybe we’re heading out of the period when there was no shame in overpricing your home.  We’re moving away from that and into something more pragmatic: Do you want to actually sell your property or do you want to pretend?  A lot of sellers remained unrealistic throughout the year, and that killed a lot of deals."