Saudi Billionaire Buying $95 Million Penthouse In America’s Tallest Residential Tower: Gothamist

gallery js A billionaire from Saudi Arabia has reportedly purchased the $95 million penthouse apartment at 432 Park Avenue, the tallest residential skyscraper on this side of Planet Earth. The billionaire was likely drawn to the apartment’s six bedrooms, seven bathrooms and magnificent views, all of which are perfect for hiding millions of tax-free dollars…

Read More

Leaked Memo Reveals What ‘Breastaurants’ Actually Think Of Their Customers | ThinkProgress

by Tara Culp-Ressler Posted on May 19, 2015 at 12:58 pm Updated: May 20, 2015 at 5:11 pm “Leaked Memo Reveals What ‘Breastaurants’ Actually Think Of Their Customers” Waitresses and a customer at a Texas-area Twin Peaks restaurant CREDIT: Flickr Creative Commons via MarkScottAustinTX Popularly known as “breastaurants,” the franchises that cater to the male gaze…

Read More

A full-time minimum-wage job won’t get you a 1-bedroom apartment anywhere in America – Vox

There is no state in the union where a full-time, minimum-wage worker can afford to rent a one-bedroom apartment for less than 30 percent of his paycheck (which is a standard measure of housing affordability). That’s the depressing takeaway from a new report by the National Low-Income Housing Coalition. The paper includes this map tallying…

Read More

Exploring the Amazon | Jeff Bezos is using ideas from his online business to revitalise a venerable paper

NOT long after Jeff Bezos, the founder of Amazon, said he would pay $250m of his own money for the chronically loss-making Washington Post, in August 2013, he sat next to the newspaper’s editorial-page editor, Fred Hiatt, at a dinner. It was a perfect opportunity to influence the Post’s line, but Mr Bezos reportedly preferred…

Read More

EXCLUSIVE: Blackstone, America’s biggest landlord, investing in Oakland – San Francisco Business Times

[if lte IE 9]>< ![endif] Google Publisher Tags Google Analytics End Google Analytics /.off-canvas TEMPLATE T1 BODY The Blackstone Group LP, the biggest landlord in the country with tens of thousands of residential units, is investing in Oakland, becoming the largest real estate player yet to arrive in the burgeoning city. New York-based Blackstone (NYSE:BX)…

Read More

The scariest chart in Mary Meeker’s slide deck for newspapers has gotten even a little scarier » Nieman Journalism Lab

It’s an annual moment of print realism here at Nieman Lab: The posting of the attention slide from Mary Meeker’s state-of-the-Internet slide deck. It’s enough of a tradition that I can now copy-and-paste from multiple versions of this post. Here’s a sentence from the 2013 version: For those who don’t know it, Meeker — formerly…

Read More

De Blasio Sets a 10-Year Plan for Housing, Putting the Focus on Affordability – NYTimes.com

Photo Mayor Bill de Blasio presented his housing plan in Brooklyn on Monday. Credit Ozier Muhammad/The New York Times New York City will commit $8.2 billion in public funds to a 10-year housing plan that could transform the cityscape from Cypress Hills in Brooklyn to the shores of the Harlem River, while providing affordable homes…

Read More