Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
$8,000 each month with another $3,000 for housing. Welcome to the life of a Silicon Valley intern. Six-figure salaries. Flexible hours. Luxury housing. Ah, the life of an intern. This past weekend, high school senior Tiffany Zhong, the chief product officer of the app Glimpse and one of the tech industry’s “55 Unknown Rock Stars”…
An FBI crackdown and skyrocketing rents in San Francisco are forcing them to take side jobs—like driving for Uber—or leave. It’s a story built for headlines: Monied men in Silicon Valley create a demand for highly compensated sex work that can easily be coordinated using the same apps and services they create at their desk…
NYT_INLINE_IMAGE_POSITION1 Correction AppendedPHILADELPHIAWEARING a Paul Green School of Rock T-shirt, his bangs plastered to his forehead in the summer heat, Laris Kreslins pulled in front of a handsome brownstone on Rittenhouse Square, the priciest neighborhood in the city, and hopped out of his car. Skip to next paragraph Ryan Donnell for The New York Times…
Queens Rents Get Pricier Than Brooklyn’s, Report Finds View Full Caption NEW YORK CITY — Queens’ rental prices are catching up to Brooklyn’s — and surpassing them. The ascendance of Queens has been a common refrain for more than a year now. Last month’s rents for the “hot” northwestern part of the borough that includes…
SEOUL—A South Korean court on Thursday sentenced the eldest daughter of Korean Air Lines Co. ’s chairman to one year in prison after finding her guilty of disrupting a flight in a case that has rekindled anger over the behavior of families that control South Korea’s big conglomerates. Cho Hyun-ah was found guilty of violating aviation laws…
paging_filterFrom left, Yusor Mohammad, Deah Shaddy Barakat and Razan Mohammad Abu-Salha (Facebook) paging_filter Yesterday, an outspoken white atheist murdered three Muslim students in Chapel Hill, North Carolina. We don’t yet know for sure whether this was a hate crime or whether the killer, Craig Stephen Hicks, had some other motivation; police have said the crime…
Lax U.S. rules and real estate industry’s no-questions-asked approach make it easy for dodgy characters to funnel wealth through high-end Manhattan apartments. One day during Chen Shui-bian’s second term as Taiwan’s president, several people lugged what a witness described as “five or six” fruit boxes into the presidential residence in Taipei. Inside the crates, the…
In a country beset by increasing wealth and income inequality, few places are more economically disparate than New York City. Part of what drives income inequality in New York is that it’s an extremely attractive place for the global elite to live, or in many cases to park their vast fortunes. On Sunday, The New…
One57, on West 57th Street, where a penthouse is reportedly in contract for $90 million. (Photo: Rendering Courtesy of Extell Development) Additional reporting by Michael Hudson of the International Consortium of Investigative Journalists. PART I. THE BUYER The buyer, an Italian, was in town for a week, with a million or so dollars to spend….
close shareTools BEIJING — China’s annual consumer inflation hit a five-year low in January while factory deflation worsened, underscoring deepening weakness in the economy and heaping pressures on policymakers to inject more stimulus to underpin growth. The risk of deflation is rising for the world’s second-largest economy as a property market downturn and widespread factory…