New York City

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."

 

These Are The Most Expensive Zip Codes In America

Sagaponack’s 11962 (in the Hamptons) and Atherton’s 94027 retain their top positions as the most expensive ZIPs in the country, despite seeing a considerable drop in median sale prices, but California isn't getting any cheaper! Out of the 100 priciest ZIP codes, an impressive total of 72 are located in CA. NY trails behind, with a total of 21 ZIP codes, half of which are located in New York City.

Montreal Moves To Limit New Restaurants To Protect Existing Restaurants

Here’s your “it’s hard to believe, but true” article of the day..."I don't believe in the free market anymore," says restaurateur Carlos Ferreira. "We have to protect the good restaurants." Ah, yes. The "good" ones. That's clearly an objective question upon which government can and should rule.