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The former Wonder Bread Factory in Hoboken, New Jersey was transformed into a luxury residential building. Now in its place stands The Wonder Lofts, a luxury residential building with 83 loft-style condominiums. The Wonder Lofts building was a bakery for more than 50 years in the 1900s. Wonder LoftsThe Wonder Lofts includes two- to five-bedroom apartments with about 1,200 square feet to 2,700 square feet of living space. Wonder Lofts
Persons: Angelo Gordon, Robert Fourniadis, Fourniadis, it's, Daniel P, Winschuh, You've Organizations: Prism Capital Partners, Parkwood, CNBC Locations: Hoboken , New Jersey, New Jersey, New York City, Palisades, Manhattan, cabanas, Hoboken
While traffic deaths are way up across the country, Hoboken, New Jersey, has managed to go years without one. Between 2019 and 2022, traffic fatalities jumped 18%, with pedestrian deaths hitting a 40-year high in 2021, according to data from the Governors Highway Safety Association. In Hoboken, local leaders have invested in a concerted effort to cut road deaths — and it's working. The city hasn't had a single traffic death since January 2017, and traffic injuries have declined about 40% in that period, Bloomberg reported. The project has an ambitious goal of eliminating all traffic deaths and injuries n the city by 2030.
Persons: , Ravi Bhalla, Bhalla, Bloomberg CityLab, Ryan Sharp, Sharp Organizations: Service, Governors Highway Safety Association, Authorities, Bloomberg, Hoboken, Research, Citi Locations: Hoboken , New Jersey, New Jersey, Hoboken, hasn't
In a TikTok video, different generations revealed the rent prices for their first apartments. Viewers were left shocked after one baby boomer said he paid $98 per month for his first apartment. AdvertisementAdvertisementWhile a growing economy allowed the typical baby boomer to generate wealth, many millennials and Gen Zers have been weighed down by rising inflation and high rental costs. Several people argued that these prices do not account for inflation, but others pointed out that rent prices are still much higher today, even with inflation considered. Most recently, Gen Zers have been speaking out against work culture, arguing 9-to-5 schedules and in-office mandates are flawed.
Persons: boomer, Zer, Gen Zers, @captainmooseknuckless, Xer, Insider's Hillary Hoffower, Xers, Zers Organizations: Boomers, National Association of Realtors Locations: Baltimore , Maryland, Green Bay , Wisconsin, Hoboken , New Jersey, Savannah , Georgia, Denver , Colorado, Michigan, Zillow
The city of Hoboken, N.J., once a marshy outcropping that the Lenape inhabited only seasonally, hugs the Hudson River. Some scientists have forecast that, with rising seas, a big chunk of Hoboken will be Atlantis by 2100. In 2012, Hurricane Sandy left Hoboken underwater and without electricity for days, causing more than $110 million worth of property damage. Across the river, the same storm drowned several of New York City’s subway lines and forced Brooklyn residents to wade through thigh-deep water. Television crews, returning to Hoboken early Saturday to film the usual aftermath, left empty-handed.
Persons: what’s, Hurricane Sandy Organizations: The New York Times, Hoboken, National Guard, Television Locations: Hoboken, N.J, Hurricane, Sandy, New York, Brooklyn
The projects will cost nearly $298 million and are designed to protect some of the region's most vulnerable communities. Both projects were formulated by the group Rebuild By Design, which was initiated by the U.S. Department of Housing and Urban Development in 2013, and New Jersey environmental officials. It calls for building 9,000 linear feet (about 1.7 miles or 2.7 kilometers) of flood walls, installation of flood gates and construction of berms and levees. They include planting more grass, trees and vegetation in urban areas to absorb rainfall and allow less runoff to flood streets and storm sewers. And as big as they are, the two projects starting Wednesday pale in comparison to huge flood control efforts being contemplated by the federal government.
Persons: Sandy ’, , Amy Chester, Hudson, Sandy, It's, Chester, Wayne Parry Organizations: U.S . Department of Housing, Urban Development, Hudson, Meadowlands, Twitter Locations: HOBOKEN, N.J, New Jersey, New York City, Hoboken, Meadowlands, New Jersey , New York, Connecticut, Jersey City, Weehawken, Manhattan, Little Ferry, Hackensack, Carlstadt, New York, www.twitter.com
"The Bay Area has consistently been one of the most expensive markets in the country," said Daryl Fairweather, chief economist at Redfin. Why the New York metro area is low on the listMidtown Manhattan, New York, as seen from Hoboken, New Jersey. That's because the metro area goes beyond Manhattan and the city's four other boroughs, extending into nearby counties. "Even though Manhattan is really expensive, once you get to the outlying areas [in] the New York metro area, it actually becomes quite affordable," said Fairweather. Interested homebuyers in the region still need to earn six figures annually to afford a home, about $197,734, Redfin estimates.
Persons: Thomas Barwick, San, Daryl Fairweather, Gary Hershorn, Fairweather Organizations: Area, Redfin, California metros, San Diego —, New, Midtown, Corbis, Council for Community Locations: Getty, San Francisco, San Jose , California, California, Anaheim, Oakland, San Diego, New York, Midtown Manhattan , New York, Hoboken , New Jersey, Manhattan, U.S
[1/7] An abandoned vehicle sits in floodwaters during a heavy rain storm in the New York City suburb of Mamaroneck in Westchester County, New York, U.S., September 29, 2023. The extreme rainfall prompted New York Governor Kathy to declare a state of emergency for New York City, Long Island, and the Hudson Valley. Systems producing intense rainfalls have become more commonplace in many parts of the United States, including the New York City area, in recent years. That storm soaked New York City and caused widespread power outages in North Carolina, Virginia, Pennsylvania and New Jersey. In New York, intermittent rain this week further saturated the ground, setting up conditions conducive to flash flooding.
Persons: Mike Segar, John F, Zack Taylor, Taylor, Kathy, Carlos Ogando, Ophelia, Jonathan Allen, Brendan O'Brien, Rich McKay, Frank McGurty, Jonathan Oatis Organizations: New, REUTERS, Kennedy International Airport, National Weather Service, Center, Metro North, Metropolitan Transportation Agency, Systems, Thomson Locations: New York City, Mamaroneck, Westchester County , New York, U.S, Brooklyn, Manhattan, Queens, College Park , Maryland, Long, Hudson, United States, New York, East, Bronxville, New York's Westchester County, Hoboken, New Jersey, North Carolina , Virginia, Pennsylvania, In New York, Chicago, Atlanta
Forecasts are reinforcing the potential for heavy rain centered around the NYC area from Friday into Saturday morning. Parts of New York City have already seen five inches of rain as of 11 a.m. People walk under umbrellas amid heavy rain on September 29, 2023 in the Flatbush neighborhood of Brooklyn borough New York City. Bouts of heavy rain made morning commute nightmarish and conditions only continued to worsen; it will be even more widespread throughout the afternoon and evening. Cars drive through slight flooding on Ocean Avenue amid heavy rain on September 29, 2023 in the Flatbush neighborhood of Brooklyn borough New York City.
Persons: Andrew Kelly, Michael M, Kathy Hochul, Hochul, Ophelia, Taylor, Janno Lieber, Lieber, it's, Spencer Platt, It's, Zach Iscol, Phil Murphy, Murphy, Ravi Bhalla, Bhalla Organizations: NYPD, Reuters, LaGuardia, Brooklyn borough New, Santiago, Getty, New York Gov, Yorkers, NBC, Sunday's Chiefs, Jets, New, NOAA MTA, MTA, Prospect, The New, The New York City Emergency Management Department, Emergency, Getty Images New, Getty Images New Jersey Gov, Schools, New York Public Schools, Mets, Phillies, Citi Field Locations: Manhattan, Williamsburg, New York City, U.S, NYC, New Jersey, Hudson, Connecticut, Flatbush, Brooklyn borough, Brooklyn borough New York City, Long, NBC New York, Ocean, Monmouth, Jersey Shore, Brooklyn, Brooklyn Borough, The New York City, Getty Images New Jersey, Hoboken
CNN —Flooding closed roads, disrupted subway service and flooded basements in the New York City area as “dangerous and life-threatening” rainfall overwhelmed the concrete expanse during the Friday morning commute. “This is a dangerous weather condition and it is not over,” New York City Mayor Eric Adams said at a Friday morning news briefing. “I don’t want those gaps in heavy rain to give the appearance that it is over, it is not.”Happening now:New York Gov. Kathy Hochul declared a state of emergency for New York City, Long Island and the Hudson Valley Friday morning. A torrent of water surged into basements in New York City Friday morning, according to New York City emergency management.
Persons: Eric Adams, , Kathy Hochul, ” Hochul, John F, Lieber, Zach Iscol, orth Organizations: CNN, New, New York, , York City, New York Gov, Weather Service, LaGuardia International, WNBC, Metro, Air, Yorkers, Kennedy International Airport, National Weather Service, MTA, Emergency Locations: New York City, Brooklyn, Manhattan, York, New York, Metro, Long, Hudson, Brooklyn , Manhattan, Queens, Hoboken , New Jersey, New, LaGuardia, New Jersey, Connecticut, Southern Brooklyn
New Yorkers fed up with a tough housing market are making the pilgrimage to Jersey City. New York City housing is becoming more elusive and expensive, and Jersey City is an attractive option. That's not to say that Jersey City is much cheaper, but there are more options: Along the Hudson River waterfront in Jersey City, dozens of luxury high-rises have sprouted up within the last 10 years, some filled with their own coffee shops, heated pools, and rooftop dog runs. Now, he knows at least eight to 10 acquaintances who have taken the Jersey City plunge since he moved. When it comes to the space and amenities that Jersey City provides, "once you have it, you can't go back."
Persons: Chelsea Vaughn, I'm, Vaughn, brownstones, Vaughn isn't, Steven Fulop, Fulop, cringes, Alexa Lacayo, would've, She'd, Susannah Byrne, Byrne, should've, Joey Politano, Zack Chibane, he's, Chibane Organizations: Service, Bushwick, Jersey City, New, Apple, Jersey, NYC, Income Housing Association, Alexa, New York's Financial, York, New Jersey, New York Locations: Jersey City, While Jersey, York, New York City, Jersey, Wall, Silicon, Brooklyn, Brooklyn , Manhattan, Vaughn, Harlem, New York, Grove, , It's, Florida, New, Manhattan, Hoboken, Murray Hill, Hudson, NYC, New Jersey
Wealthy Americans ages 26 to 35 are moving to Florida, Texas, and New Jersey. This was in contrast to the over 5,000 net young high earners who left New York, which still had the highest count of young high earners of any state. Despite losses of nearly 2,700 high earners, New Jersey netted over 1,000 wealthy, young professionals. Connecticut, which ranked sixth for net migration of young high earners, had a similar trend compared with all high earners. Washington, DC, exceeded Washington state at 16%, even though it lost nearly 700 young, wealthy professionals.
Persons: SmartAsset, Austin, Zer Organizations: New Jersey ., New, Service, New Jersey —, California ., Boston Locations: Florida , Texas, New Jersey, New Jersey . Austin, Jacksonville, Denver, New York, California, Wall, Silicon, Miami, Austin , Texas, Jersey City , New Jersey, Florida, Texas, Idaho, Montana, Jersey City, Hoboken, Connecticut, Washington, California . Washington, DC, Colorado, North Carolina, Tennessee, Dallas, Jacksonville , Florida, New York City, Chicago
The American Red Cross is now allowing gay and bisexual men to donate blood without restrictions that specifically single out a person's sexual orientation or gender, the nonprofit group said Monday. The Red Cross is implementing new Food and Drug Administration screening guidelines that apply to all potential donors and are based on an individual risk assessment. The Red Cross provides about 40% of the nation's blood supply. Under the new FDA guidelines, men in monogamous sexual relationships with other men are eligible to donate as long as they meet other screening criteria. The Red Cross said in a statement that the organization understands the waiting period based on a history of anal sex appears to unfairly target gay and bisexual men.
Organizations: Hoboken Rec, Food and Drug Administration, FDA Locations: Hoboken, Hoboken , New Jersey
Alex Mashinsky, founder and former CEO of bankrupt cryptocurrency lender Celsius Network, exits the Manhattan federal court in New York City, U.S., July 25, 2023. REUTERS/Brendan McDermid/File PhotoNEW YORK, Aug 4 (Reuters) - Alex Mashinsky, the founder and former chief of the now-bankrupt cryptocurrency lender Celsius Network, must face a lawsuit by New York Attorney General Letitia James accusing him of civil fraud, a Manhattan state court judge ruled on Friday. Mashinsky has separately pleaded not guilty to criminal fraud charges brought by the U.S. Department of Justice tied to Celsius' demise. Lawyers for Mashinsky in the New York civil case did not immediately respond to requests for comment. The case is New York v. Mashinsky, New York State Supreme Court, New York County, No.
Persons: Alex Mashinsky, Brendan McDermid, Letitia James, Margaret Chan, Chan, James, Martin, general's, Mashinsky's, Mashinsky, Jonathan Stempel, Will Dunham, Cynthia Osterman Organizations: REUTERS, New York, U.S . Department of Justice, U.S . Securities, Exchange Commission, U.S . Commodity Futures Trading Commission, . Federal Trade Commission, Lawyers, Mashinsky, Mashinsky , New York, Court, Thomson Locations: Manhattan, New York City, U.S, New York, Hoboken , New Jersey, Mashinsky , New, Court , New York County
NEW YORK, July 13 (Reuters) - Alex Mashinsky, founder and former CEO of bankrupt cryptocurrency lender Celsius Network, pleaded not guilty Thursday to U.S. fraud charges that he misled customers and artificially inflated the value of his company's propriety crypto token. Three federal regulatory agencies also sued Mashinsky and Celsius in connection with the case. Mashinsky, 57, was charged with seven criminal counts - including securities fraud, commodities fraud and wire fraud - according to an indictment unsealed earlier on Thursday. Its founder Sam Bankman-Fried was charged with fraud last year, and has pleaded not guilty. "Whether it's old-school fraud or some new-school crypto scheme, it doesn't matter one bit.
Persons: Alex Mashinsky, Mashinsky, Sam Bankman, Fried, Ona Wang, Roni Cohen, Pavon, Cohen, Damian Williams, Williams, Hannah Lang, Luc Cohen, Chris Prentice, Elizabeth Howcroft, Chizu Nomiyama, Michelle Price, Jonathan Oatis Organizations: YORK, Prosecutors, U.S . Securities, Exchange Commission, SEC, Futures Trading Commission, Federal Trade Commission, U.S, Thomson Locations: Manhattan, Israeli, U.S, Hoboken , New Jersey, Washington, New York, Bengaluru, London
I was taking the PATH train home to Hoboken from Christopher Street after a rehearsal when I noticed a bank of cameras aimed at the turnstiles. What a boring job it must be to have to stare at them all night long, I thought. There was no one else waiting on the platform so, on a whim, I decided to do a silly, Shirley Temple-esque tap dance to amuse whoever was monitoring the cameras. As I curtsied, I was startled to hear a series of slow claps coming from somewhere off in the darkness. Looking around, I saw that a young man had stepped out from behind one of the columns at the far end of the platform and was applauding.
Persons: Shirley Temple, gamely, Organizations: Christopher Locations: Hoboken
(On top of that, NYC residents owe a city income tax, which may also apply to some nonresidents.) There is no income tax in New Hampshire or Washington, either, but both states tax investment earnings. But you still must pay taxes by the original deadline to avoid penalties and interest. If you made a net profit of $400 or more from your side hustle, you have to pay taxes on it, according to the IRS. The U.S. has a pay-as-you-go system, so you'll need to pay taxes from your side hustle on a quarterly basis.
Olivia Marcus is over the lack of work-life balance in the US, so she tried working from Spain. Her 9-to-5 on the East Coast is a 3-to-11 gig in Mallorca, giving her all day to explore. While in Mallorca, Marcus continued to work her 9-to-5 job, but on a 3-to-11 schedule. (Mallorca is five hours ahead of the east coast of the United States.) She said working East Coast hours while in Spain was more than doable.
The unraveling of fintech darling Vise
  + stars: | 2023-03-03 | by ( Stephanie Palazzolo | ) www.businessinsider.com   time to read: +28 min
It was April, and more than two dozen salespeople who worked for the fintech startup Vise had been ordered to a multiday off-site at the W Hoboken hotel in New Jersey to share exhaustive reports on their performance. Even salespeople at bigger, established, top-tier investment-management firms typically wouldn't close $250 million in a year, multiple sales employees said. (K-means clustering is an unsupervised machine-learning algorithm often referred to as a form of AI, Vise's founders said). (Vise's founders disputed this, saying the company received updated financial data only once a day for its portfolio-construction engine.) And to address its "leaky funnel" of overestimating prospective sales, Vise was to stop outreach to new clients while it onboards and upsells to existing clients, the document said.
Vice Media owes FTI Consulting nearly $1 million in fees, some dating back to 2019, a court filing alleges. FTI is one of several vendors who say they've gone unpaid by the youth media company. The filing alleges that Vice Holding, the parent of Vice Media, hired Washington, DC-based FTI Consulting to help it with accounting projects and management and then failed to pay its bills. Ironically, Vice hired FTI to help it with "profitability analysis" and to design "cash management" tools, according to the filing. Fortress lent Vice $30 million, according to the Wall Street Journal, which confirmed Vice is in a process to sell itself.
SINGAPORE, Jan 31 (Reuters) - The business model that crypto firm Celsius Network had advertised and sold to its customers was not the business it actually operated, a court-ordered examiner report released on Tuesday showed. The report added that Celsius's stablecoin deficit between May 28, 2021 and its bankruptcy filing amounted to a billion-dollar hole in its assets. Hoboken, New Jersey-based Celsius filed for Chapter 11 protection from creditors last July in Manhattan after freezing customer withdrawals from its platform. U.S. Bankruptcy Judge Martin Glenn, who is overseeing the Chapter 11 case, appointed former prosecutor Shoba Pillay as an independent examiner in September. She was tasked with investigating accusations by Celsius customers that the company operated as a Ponzi scheme and also with reporting on its handling of cryptocurrency deposits.
Jan 30 (Reuters) - A court-ordered examiner is expected to release a report on Monday addressing whether bankrupt crypto firm Celsius Network operated as a Ponzi scheme, which could add to the pressure on founder Alex Mashinsky, who is already facing fraud allegations. Hoboken, New Jersey-based Celsius filed for Chapter 11 protection from creditors last July in Manhattan after freezing customer withdrawals from its platform. After appointing Pillay to the job, Glenn expanded her role by asking her to address persistent customer complaints about Mashinsky's conduct. Crypto exchange FTX, which went bankrupt in November, has resisted calls for an examiner in its own Chapter 11 case, citing the cost of overlapping investigations. Pillay and her team have sought to be paid $1.86 million for work performed in October and $1.69 million for November, according to court filings.
ExxonMobil scientists knew about the coming climate crisis in precise detail, a Harvard study found. The analysis is "dynamite" for an array of lawsuits against ExxonMobil, legal experts told Insider. A growing wave of 'unassailable' evidence suggests Exxon lied about what it knewDespite having accurate predictions about global warming, the oil giant denied it would happen. That's exactly the track global warming is on right now. Those "stranded assets" are now a real possibility, due to global climate goals outlined in the Paris Agreement.
‘I became insane,”Edgar Allan Poe wrote in an 1848 letter, “with long intervals of horrible sanity.” Which is not a bad description of director Scott Cooper ’s “The Pale Blue Eye,” adapted from the 2003 novel by Louis Bayard and set amid the macabre, rime-frosted Hudson Valley of 1830s New York—and the then-fledgling U.S. Military Academy at West Point. On the grounds, with a river view, a cadet has been found hanging and presumed to be a suicide. After the dead boy’s heart is cut out and stolen—a telltale sign that something more grisly is afoot—the cause of death is reassessed. Called in to help solve the crime—and, more importantly, derail a scandal—is Augustus Landor ( Christian Bale ), a much-respected former “constable” in New York City whose résumé, recited by the academy’s Superintendent Thayer (Timothy Spall) for no one’s benefit but ours, is illustrious: A retired detective instrumental in bringing down the Daybreak Boys, Shirt Tails and other gangs of New York, Landor developed methods of “bloodless interrogation” and solved the murder of a young woman at Elysian Fields, the now-long-defunct recreational area in Hoboken, N.J., that served as a playground for Manhattanites. The murder would later serve as the inspiration for one of Poe’s C. Auguste Dupin stories, “The Mystery of Marie Rogêt .” But where is Poe?
New York sues Celsius Network founder Mashinsky, alleges fraud
  + stars: | 2023-01-05 | by ( ) www.reuters.com   time to read: +2 min
Companies Celsius Network Limited FollowNEW YORK, Jan 5 (Reuters) - New York's attorney general on Thursday sued Celsius Network founder Alex Mashinsky, claiming he schemed to defraud hundreds of thousands of investors by inducing them to deposit billions of dollars with his now-bankrupt cryptocurrency lending platform. "Alex Mashinsky promised to lead investors to financial freedom but led them down a path of financial ruin," James said in a statement. The civil lawsuit accuses Mashinsky of violating the state's Martin Act, which gives James broad power to pursue securities fraud cases, and other laws. It seeks to ban Mashinsky from doing business in New York, and have him pay damages, restitution and disgorgement. But according to the lawsuit, Celsius struggled to pay the promised yields on investor deposits, prompting its move into riskier investments.
[1/2] The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. "Securities fraud victimizes innocent investors and undermines the integrity of our public markets,” said Assistant Attorney General Kenneth Polite of the Justice Department's Criminal Division. His attorney did not respond immediately to a request for comment. Rybarczyk and Deel did not respond immediately to requests for comment. Reporting by Chris Prentice and Nate Raymond; Editing by Mark Porter and Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.
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