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NYC Tower Owner Prepares To Rebuild 15 Floors After I-Beam Failure

NYC Tower Owner Prepares To Rebuild 15 Floors After I-Beam Failure Fears of a possible collapse at a condo tower under construction near Grand Central Terminal had abated by the end of the week, but the incident only signals the massive engineering challenges tied to Manhattan's office-to-apartment conversion boom. The former Pfizer headquarters at 235 East 42nd Street, being converted by David Werner and Nathan Berman's Metro Loft Management into more than 1,600 residential units, has become a high-profile example of the risks of repurposing aging office towers into housing at...
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May 10, 2026 / Tyler Durden
How The American System Reshaped The World
How The American System Reshaped The World Authored by J.B. Shurk via American Thinker, Freedom exists in the absence of government control.  We are free when we are able to worship, speak, write, make a living, and protect our families and property without fear that government agents will punish us for our actions.  America’s Founding Fathers embraced an expansive view of personal liberty that recognizes the inherent right of each person to do as he sees fit, so long as that person refrains from infringing upon the liberties of another. Right away, then, freedom...
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Aug 11, 2026 / Tyler Durden
China's Unitree Robotics IPO 5,526 Times Oversubscribed By Retail Investors
China's Unitree Robotics IPO 5,526 Times Oversubscribed By Retail Investors Unitree Robotics' initial public offering was heavily oversubscribed (5,526 times) by retail investors as China's first publicly traded humanoid robotics company prepares to enter the public markets. The IPO will help usher in physical AI to the equity market. The Hangzhou-based humanoid robot maker raised about 6.1 billion yuan, or $904 million, after selling 40.4 million shares at 150.8 yuan each, according to Bloomberg. The offering values Unitree at roughly 61 billion yuan, or $9 billion, ahead of its expected STAR Market debut...
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May 11, 2026 / Tyler Durden
Key Events This Week: CPI, PPI, Retail Sales, Trump-Xi Summit
Key Events This Week: CPI, PPI, Retail Sales, Trump-Xi Summit As DB's Jim Reid tallies overnight, it has now been 73 days since the war in Iran began, with the past 32 marked by a stalemate characterized by a mix of truce and ongoing ceasefire. The absence of any meaningful kinetic activity for over a month suggests a firm US preference for reaching a deal. However, a counterpoint is that uncertainty over who holds negotiating authority in Iran may be complicating progress and delaying more difficult times ahead. It remains...
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