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New York CNN —A group of developers wants to construct what would be America’s tallest building in an unlikely place: Oklahoma City. The skyscraper would be more than double the height of Oklahoma City’s tallest building now and the fifth-tallest building in the world. Between 2010 and 2020, Oklahoma City was one of 14 US cities that added more than 100,000 people. A city’s population is also a strong indicator of how tall its tallest building will be. “It’s not fathomable to me that Oklahoma City is ready for a building like that.”CNN’s Andy Rose contributed to this article.
Persons: Chicago’s Willis, ” Scot Matteson, , David Holt, Stefan Al, , ” “ I’m, , ” Al, Matteson, Jason Barr, Barr, ” Steve Agee, “ It’s, ” CNN’s Andy Rose Organizations: New, New York CNN, Oklahoma City, Oklahoma, Oklahoma City’s, Matteson, Trade, Hyatt, Bricktown, NBA’s Oklahoma City Thunder, CNN, , Rutgers University, Newark, Devon Energy Center, Oklahoma City University Locations: New York, Oklahoma, United States, Chicago, Oklahoma City, “ Cities,
OKLAHOMA CITY (AP) — Oklahoma City Mayor David Holt unveiled a proposal Tuesday for a new $900 million downtown arena that would keep the NBA’s Thunder in the city through at least 2050 if approved by voters. The deal calls for at least $900 million to be spent constructing the new arena. According to a city press release, the proposal will be presented to the nine-member Oklahoma City Council on Sept. 26. If approved, Holt says the Thunder will play in the new arena for at least 25 years. “For a generation, we will retain the economic impact and quality-of-life benefits we have enjoyed as a big-league city.”Political Cartoons View All 1154 ImagesThe NBA franchise moved to Oklahoma City in 2008 from Seattle.
Persons: David Holt, Holt Organizations: OKLAHOMA CITY, Oklahoma City, Thunder, Oklahoma City Council, NBA Locations: Oklahoma, Seattle
New York CNN Business —The stunning downfall of FTX, one of the largest cryptocurrency exchanges, sent shockwaves through the crypto universe last week. Sam Bankman-Fried, the 30-year-old crypto titan and chief executive of FTX, watched billions of his fortune evaporate in a bankruptcy filing that shook the trillion-dollar industry to its core. Those efforts mean capital is drying up – and that’s not just bad for crypto but other asset classes including stocks, too. Cryptocurrencies enjoyed huge injections of money during the pandemic era thanks to the Federal Reserve’s easy money policy. “In all, the slowdown in global money growth looks set to continue over the coming year, with some contraction looking likely in the US,” wrote JPMorgan strategist Nikolaos Panigirtzoglou in a note.
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