New York

Housing supply growth requires faster permitting, not extra cash

With Singapore, London and Dubai doing more to attract talent, the world’s premier financial hub is finding out its title is contestable

It takes effect on Jul 1, with the goal to generate US$500 million

The New York City mayor proposes spending US$22 billion on the sector over the next five years

The tax proposal is being held up as a generational attempt to make the ultrawealthy pay more to society

The state’s governor Kathy Hochul has said the tax would cover about 13,000 properties

It took courage for Walter Price to move to New York and pursue a career as a painter, but he says his dream has come true

Local residents say the project clashes with the neighbourhood’s aesthetic identity

A powerful blizzard has dropped over 76.2 cm of snow across parts of the US North-east

But Governor Kathy Hochul hasn’t budged on her refusal to raise levies on corporations and wealthy residents