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Author Archives: Felix
A broken market
Imagine it’s still 2000: during the bubble, before Spitzer. The market’s white-hot, and IPOs from hyped young companies are hugely in demand. The broker-dealers deliberately underprice the IPOs they get, guaranteeing mark-to-market profits for their favoured customers – the ones … Continue reading
Posted in Culture
10 Comments
Michael Wolff’s speech
Professional media gadfly Michael Wolff delivered the opening keynote address at the 2005 SIIA Information Industry Summit in New York at the beginning of February. Hundreds of digital content professionals heard his speech; it caused a bit of a stir … Continue reading
Posted in Culture
9 Comments
Has Gawker jumped the shark?
Gawker jumped the shark today. I don’t think it’s the fault of its two new editors, Matt Haber and Jessica Coen, both of whom are talented and funny writers. Nor do I blame Lockhart Steele, the new editorial director. No: … Continue reading
Posted in Culture
9 Comments
The Gates
Anyone who has moved from Europe to New York knows that one of the most dazzling things about this city, quite literally, is the winter sun. We Europeans are used to drab, gray winters, where the few hours of purported … Continue reading
Posted in Culture
6 Comments
Apples
If there’s one overriding reason why Steve Jobs has been a huge success at Apple, it’s that he has managed to demolish the old truism that Apple =Mac. Nowadays, in the eyes of the general public, Apple is much more … Continue reading
Posted in Culture
10 Comments
Hirst’s shark
The Shark is coming to New York. According to the Telegraph and the Evening Standard, Larry Gagosian has finally succeeded in brokering the deal we first heard about back in December. Charles Saatchi will sell The Physical Impossibility of Death … Continue reading
Posted in Culture
9 Comments
Sweden and theWashington Consensus
Both Paul O’Mahoney and Stefan Geens link to a piece by Daniel Brook in Dissent magazine entitled "How Sweden Tweaked the Washington Consensus". It’s mainly interesting, I think, for confirming Stefan’s prejudice about leftists and their degree of understanding of … Continue reading
Posted in Finance
6 Comments
Jason Calacanis stands up to bullies
Jeff Jarvis says that Jason Calacanis is "the single most competitive person I’ve ever met," and quotes an email from him claiming "3-4x the traffic of gizmodo" for his rival gadget blog, engadget. (According to Alexa, engadget’s pageviews are just … Continue reading
Posted in Media
14 Comments
232 Broome Street
I just got off the phone with a friend of mine. "You know everything, Felix," she said, perspicaciously. "Instead of buying a loft, would it be cheaper to buy a loft building and then convert it into lofts?" The answer, … Continue reading
Posted in Finance
27 Comments
Tax deductions: Your questions answered
George W Bush would never raise taxes, oh no. But according to a trial balloon being floated today in the New York Times and a few weeks ago in the LA Times, he might eliminate tax deductions, especially those which … Continue reading
Posted in Finance
14 Comments
Modern art notes
Thank you, Greg, for the MoMA passes you sent me. I initially intended to give them to recent immigrants who know nothing of modern art, and in fact I will do that eventually. But an opportunity came up, so last … Continue reading
Posted in Culture
2 Comments
142 Henry
With some fanfare, The Garfield Building – otherwise known as 142 Henry Street, on the lower Lower East Side – had its first open house this afternoon. I’d been keeping an eye on it for some time, since it’s a … Continue reading
Posted in Culture
18 Comments
Rhetoric corner: Tavis Smiley on Nas
From preachers in Birmingham to rap stars in the Bronx, it has long been the case that many of America’s greatest rhetoricians have been black. In the Democratic primaries, the manner in which Al Sharpton effortlessly showed up his opponents … Continue reading
Posted in Culture
3 Comments
Bootleg billions update
I wanted to ask the New York comptroller about the questions I raised in my bootleg billions blog, so I cast around for a respectable print publication I could do some reporting for. The New York Sun bit, and said … Continue reading
Posted in Finance
2 Comments
Bootleg billions
Here comes that sales tax meme again. But whereas last year New York was losing $500 million a year in tax revenues due to trafficking of counterfeit trademark goods, this year that number seems to have doubled, to $1 billion … Continue reading
Posted in Finance
2 Comments
Credit cards
The reason there was barely a recession at all following the US stock-market meltdown of 2000-2001 is usually explained by talk of "consumer spending". It would probably, however, it would be more accurate to thank credit cards instead. Most consumer … Continue reading
Posted in Finance
10 Comments
Richter at Dia
I went back to Dia:Beacon on Sunday, one of those wonderfully clear and bright winter days which New York seems to specialise in. The light was streaming through the huge windows, and the John Chamberlain sculptures literally glowed. All great … Continue reading
Posted in Culture
6 Comments
MoMA’s $20 admission
Greg Allen has thrown down the gauntlet. Give him a "well-argued explanation of the damage incurred by $20 tickets and what MoMA could/should realistically do to remedy it," he says, and he’ll give you a pair of free passes to … Continue reading
Posted in Culture
13 Comments
Julie Taymor’s Magic Flute
Julie Taymor’s new production of Die Zauberflöte at the Met is an unqualified triumph. My guess is that it will last at least as long as the David Hockney production it replaces (14 years), and might, conceivably, even outlast The … Continue reading
Posted in Culture
6 Comments
Where does new music belong?
When I was 16, a concert changed my life. I’ve written about it here before: it was the London Symphony, under Kent Nagano, playing Olivier Messiaen’s Saint François d’Assise. Read my piece from 2002 if you want to know that … Continue reading
Posted in Culture
3 Comments
Cheney’s $80 billion: The facts
Normally, this is a place for me to rant about stuff which I might care about, but can’t really claim to be any kind of an expert on. I’m breaking with tradition here, however, to pick on Dick Cheney for … Continue reading
Posted in Finance
2 Comments
Dan Flavin
One of the biggest surprises, for myself along with many people, of Dia:Beacon was the fact that Dan Flavin’s work looks so marvelous in natural light. So when I heard that the head of Dia, Michael Govan, had curated the … Continue reading
Posted in Culture
10 Comments
Classical music criticism
One of the best things about being me is that I have a very cool grandmother who takes me to Glyndebourne every summer. (She herself hasn’t missed a season since she first went at some point in the 1930s, I … Continue reading
Posted in Uncategorized
1 Comment
Public art
A few months ago, a series of blue boxes appeared in the World Financial Center marina. If you walked past them, you’d realise they were making funny noises. It turns out that they were a site-specific art work by Bruce … Continue reading
Posted in Culture
6 Comments
Blithe Young Tories
One of the funniest scenes in the new Stephen Fry movie, Bright Young Things, happens when one of the eponymous socialites, played by the fabulously-named Fenella Woolgar, fails to recognise the Prime Minister when he joins her for breakfast. It’s … Continue reading