Posts Tagged ‘American Revolutionary War’
“If you can make it here, you can make it anywhere.”*…
Hannah Frishberg, in Gothamist, on a labor of love…
Reno may be “the biggest little city in the world,” but it’s got some serious competition from the miniature New York City that hobbyist Joseph Macken built in his upstate New York basement over two decades.
“I sat down in my basement, turned the camera on on my phone and just started talking about my first section, which was Downtown Manhattan,” the Clifton Park resident said on a recent Thursday about his viral TikToks on his roughly 50-by-30-foot scale model of the city. “It just took off.”
The intricate model features what Macken says are hundreds of thousands buildings, landmarks and geographic elements across the five boroughs and their surroundings, including bridges, airports, the Hudson and East rivers, New York Harbor, Central Park, One World Trade Center and the original World Trade Center, the Statue of Liberty and Empire State Building. The work consists of 350 handmade sections that are pieced together and can be taken apart and moved…
… Macken, a 63-year-old truck driver who grew up in Middle Village and has no formal carpentry or engineering training, said he dreamed of replicating the Queens Museum’s famous “Panorama” after an elementary school trip when he was a kid. He embarked on the endeavor in 2004, armed with little more than balsa wood, Elmer’s glue and Styrofoam. His first building was “the RCA building at Rockefeller Center,” he said, referring to 30 Rock, which was formerly named for its longtime tenant, the Radio Corporation of America.
Macken said it took him about 10 years to build Manhattan alone and 11 years for the rest of the boroughs. He completed his opus in April, and said he’s confident every building in the city is represented. (Gothamist could not independently verify this claim; the city has more than 1 million buildings, according to the Department of Buildings.)…
… Macken is now working on a mini Minneapolis: “‘Mary Tyler Moore’ was one of my favorite shows growing up,” he said, adding that he plans to eventually do Los Angeles, Las Vegas and Chicago as well.
Macken said he’s still figuring out what he’ll do next with the model, but he’s in talks with the Museum of the City of New York in Manhattan about an exhibit there. A museum spokesperson confirmed this, praising his “ingenuity, creativity and skill.”
“ I don’t wanna put it back in storage,” Macken said. “That’s for damn sure.”…
More– and more photos– at: “This trucker built a scale model of NYC over 21 years. It’s drawing museums’ attention” from @gothamist.com.
* “Theme from New York, New York” composed by John Kander, with lyrics by Fred Ebb; performed in the film by Liza Minnelli and famously covered by Frank Sinatra
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As we get small, we might recall that on this date in 1776– in the early days of the military occupation of the city by British forces during the Revolutionary War– the “Great Fire of New York” raged on the West Side of what then constituted New York City at the southern end of the island of Manhattan.
The fire destroyed from 10 to 25 percent of the buildings in the city, and some unaffected parts of the city were plundered. Many believed or assumed that the fire was deliberately set; British leaders accused revolutionaries– and used the pretext to declare martial law, to confiscate surviving uninhabited homes of known Patriots and assign them to British officers; to convert chuches (other than Church of England sanctuaries), into prisons, infirmaries, or barracks; and to billet regular soldiers with civilian families… all of which continued until the British evacuated the city on November 25, 1783.

“Don’t look for the needle in the haystack. Just buy the haystack”*…
Over the course of 2020, Elon Musk’s wealth skyrocketed from $27.7 billion to $147 billion. Musk even overtook Bill Gates, to become the second richest person in the world. This was a tremendous jump in fortune: Musk was only at 36th place in January 2020. Musk’s enrichment was mainly due to Tesla’s rising stock price (TSLA:US), which surged from $86 in January to $650 in December. Tesla is currently one of the ten most valuable companies in the US stock market.
In an already record-breaking year, Tesla’s largest and most rapid increase in valuation came in November, due to its announced inclusion into the S&P 500 index, now scheduled for 21 December 2020. Within a week of this announcement, Tesla’s share price rose by 33%, as passive funds now have to invest more than $70 billion. This was a remarkable boost for stock of a company that many analysts say is already obviously overvalued.
Just a few weeks earlier, on 21 September 2020, Yinghang ‘James’ Yang was arrested for insider trading by the Securities and Exchange Commission (SEC). Yang was an employee at S&P Dow Jones Indices (S&P DJI), sitting on an index committee that decided about which companies were to be included and excluded from S&P DJI indices. Yang had used this insider knowledge, to trade options on these companies through a friend’s account, making almost $1 million in the process. The case is currently being investigated by US authorities.
While these seem like unrelated incidents, both these episodes in index committee decision making are part of a tectonic shift that has fundamentally transformed capital markets globally. That is, the move towards passive index investing — and the concomitantly growing power of index providers...
A wonderfully-clear exploration of the history of index funds and consideration of their implications: “It’s the index, stupid! Our New Not-So-Neutral Financial Market Arbiters.”
* John C. Bogle, founder of the Vanguard Group and creator of the index fund
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As we watch the watchmen, we might recall that it was on this date in 1773 that a group of colonists known as the Sons of Liberty, disguised as Mohawk Indians, boarded three British tea ships and dumped 342 chests of tea (worth $18,000– over half a million dollars in today’s currency) into Boston harbor. The provocation was the Tea Act of May 10, 1773, which allowed the British East India company to sell tea from China in American colonies without paying taxes apart from those imposed by the Townshend Acts— which American Patriots strongly opposed as a violation of their rights. Colonists objected to the Tea Act because they believed that it violated their rights as Englishmen to “no taxation without representation.”
The Boston Tea Party was, of course, a triggering event in the gestation of the American Revolution. Parliament responded in 1774 with the Intolerable Acts, which, among other provisions, ended local self-government in Massachusetts and closed Boston’s commerce. Colonists up and down the Thirteen Colonies in turn replied with additional acts of protest, and by convening the First Continental Congress, which petitioned the British monarch for repeal of the acts– and probably more impactfully, coordinated colonial resistance to them. The crisis escalated, and the American Revolutionary War began near Boston in 1775.

… Oil that is– black gold, Texas tea…

With thanks to Suzanne Lainson for the tip, The Guardian‘s “From extraction to consumption: Oil, an exhibition by Edward Burtynsky.”
As we consider all things crude, we might recall that that on this date in 1781, Cornwallis, after a loss at Yorktown, surrendered to The Continental Army (and the French who’d joined them), effectively ending the Revolutionary War (as it’s known over here)…
… then, just 31 years later, on this date in 1812, Napoleon threw in the serviette, and began his retreat from Moscow.


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