ReportWire

Tag: Northeast U.S.

  • Opinion | Escape From Zohran Mamdani’s New York

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    Arnold Toynbee’s “Cities on the Move” (1970) documents the history of big cities around the world becoming impoverished and insolvent—some never to recover. Many of the patterns he describes apply to New York now.

    Real estate contributed roughly $35 billion of the $80 billion in city tax receipts in fiscal 2025, and personal taxes another $18 billion. The financial sector, real estate, construction, tourism and retail trade sectors are the major contributors to these revenues.

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    Reuven Brenner

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  • Key Moments in the Downfall of Prince Andrew

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    After years of damaging headlines over his friendship with Jeffrey Epstein and allegations of sexually abusing a teenager, Andrew has been stripped of all his titles and his Windsor mansion residence.

    His public disgrace is unprecedented in modern British royal history. Here is a recap of his downfall:

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    Natasha Dangoor

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  • Opinion | A Mamdani Mayoralty Threatens New York’s Jews

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    By propagating lies about ‘occupation,’ ‘apartheid’ and ‘genocide,’ he helps promote antisemitism.

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    Elisha Wiesel

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  • Orsted Books $4 Bln Impairments, Walks Away From Two US Offshore Projects

    Orsted Books $4 Bln Impairments, Walks Away From Two US Offshore Projects

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    Updated Nov. 1, 2023 3:33 am ET

    Orsted booked a 28.4 billion Danish kroner ($4.02 billion) impairment charge in the third quarter related to its U.S. offshore wind portfolio and said it will stop development of two wind farm projects off the coast of New Jersey amid spiraling costs and supplier delays.

    The Danish renewable-energy company had previously warned of up to DKK16 billion of impairments after flagging increasing supply-chain risks at U.S. projects, while a lack of favorable progress on U.S. tax credits and higher interest rates were also sending project costs higher.

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