Posted by Leonard Steinberg on March 15th, 2012 Yesterday’s New York Times OP-ED by departing Goldman Sachs executive Greg Smith seemed to cause a bit of a storm throughout the Wall Street banking community: could it be true that one of the worlds most successful financial institutions puts itself before its clients? This question is… [Read More]
WHY IS NEW YORK REAL ESTATE DOING SO WELL?
= Posted by Leonard Steinberg on March 12th 2012 Everyone keeps asking and e-mailing why on earth I keep posting all these blurbs about how the real estate market is doing so well right now….in March’s LUXURYLETTER I called New York MULTIPLE BID CITY…. Last night I received e-mails about an article talking about how… [Read More]
OBSERVATIONS FROM THE NEW YORK ART SHOWS
Posted by Leonard Steinberg on March 11th, 2012 Even though I live in West Chelsea surrounded by hundreds of the greatest art galleries, I nevertheless schlepp myself over to the Armory Shows on the Piers every year not only for the art (the perfect place to get a nice global perspective of the art market)… [Read More]
FASHIONS CHANGE FAST + FURIOUSLY
Posted by Leonard Steinberg on March 7th, 2012 Remember when those sleek white APPLE ear-phones were all the rage? They defined what we SHOULD be using tech-wise. Now all of a sudden BEATS and other super-large 70’s style headphones are all the rage. In this lies a big message: fashions change fast and furiously, and… [Read More]
THERE IS A SOLUTION TO HIGH GAS PRICES!
Posted by Leonard Steinberg on March 6th, 2012 With rising gas prices posing a large risk on the US economic recovery, politicians continue to espouse stupidity and partisan politic as opposed to real solutions. T. Boone Pickens offers some real solutions based on some facts we ALL should know: **The gas price in the USA… [Read More]
TORNADO AND HURRICANE-PROOF BUILDING?
Posted by Leonard Steinberg on March 4th, 2012 The devastating storms that ripped through the USA this past week beg to ask the question: why don’t we build structures in high risk areas in a manner that withstand storms better? Surely the cost of re-building wood stick houses that we know cannot withstand high winds… [Read More]
BLOSSOM VEGAN BAKERY COMING TO WEST CHELSEA
Posted by Leonard Steinberg on March 3rd, 2012 West Chelsea’s favourite Vegan restaurant is now opening a VEGAN BAKERY on 9th Avenue close to 20th Street. And about time too. There is enough evidence that highly processed sugars are simply bad for you…..offering a healthy-ish alternative to satisfy the cravings is a GREAT idea. I… [Read More]
GOOGLE IT! WEST CHELSEA GETS GOOGLED.
Posted by Leonard Steinberg on February 29th, 2012 Google it! A new Starbucks on the street corner used to be the most important signal of a gentrifying neighborhood. Well, Starbucks has been in West Chelsea for quite a while and there are several. So what could be the most important next signal of an even… [Read More]
THE MULTI-BILLION DOLLAR ARCHITECTURE OF DIVIDE
Posted by Leonard Steinberg on February 28th, 2012 While China re-invents the concept of capitalism, a new version of capitalism where much is not negotiated or discussed as in the West, but rather implemented by a controlling force with little debate, the USA has created a multi-billion dollar architecture of divide to keep the country… [Read More]
75% TAXES? WILL FRANCE ALIENATE THE RICH?
Posted by Leonard Steinberg on February 28th, 2012 The rich are under seige! Across the globe, countries are turning to the rich to resolve their budget crises. Now, the Socialist favourite in France’s presidential election, Francois Hollande, has said top earners should pay 75% of their income in tax: “above 1m euros [£847,000; $1.3m], the… [Read More]