Friday, April 18, 2014

Urbanism: Why New York City Is Growing Again

(Drivebycuriosity) - New York City is growing again. "For the third consecutive year, New York City last year gained more people than it lost through migration, reversing a trend that stretched to the mid-20th century", reports the New York Times (nytimes). According to the paper "an influx of foreigners combined with a continuing decline in the loss of migrants to other states increased the population by more than 61,000" in the year ending July 1, 2013.


The rising attractiveness seems to be surprising. Live is very expensive in the metropolis. Rents are high and they are climbing. Restaurants and other services are expensive too, the streets are crowded and it is noisy day and night. There must be some advantages which overcompensate high costs and other disadvantages.




I believe the most important reason for New York`s rising popularity  is the fact that the metropolis offers plenty of Jobs. The city clusters a lot of companies in branches like finance, law, health care, advertising, publishing, fashion, internet media (for instance Tumblr) and more. And there are many public administrations. The huge diversity and number of jobs makes it is much easier there to find an employer than in smaller cites; it is also relatively uncomplicated to switch to a new workplace if that is needed (layoff) or good for the career.


And there are more advantages. The metropolis is home to a lot of Universities and colleges  (New York University, Columbia University, Fordham University, Pace University, Fashion Institute of Technology, The New School, New York fFilm Academy, Hunter College, Baruch College and more). Science and education are getting more important because the global economy is changing faster and faster demanding more knowledge and skills. New York´s immense education possibilities attract not just students & teachers, they also allure ambitious parents who want to foster the development of their offspring. 

New York City also is getting more attractive because the ongoing gentrification is turning former ugly neighborhoods in classy areas. You can see that for example in Manhattan`s Lower East Side & Chinatown, but also in Brooklyn, Queens and in the Bronx. Part of the gentrification are the sinking criminality (less risk to get robbed on the streets) and an improving environment thanks to stricter environment laws and better technologies (less car exhausts, less industry, more service providers = clean industries).




People aren't just interested in jobs & education, of course, they want to enjoy their leisure time as well - and New York has almost endless leisure time facilities. There are plenty of nightclubs, cafes, bars, cinemas and other leisure places. Thousands of restaurants cater almost any taste. And every night some dozens of rock concerts and other performances will happen there.  The high density of the city also makes it easier to host and to attend parties.

If you are hungry for culture, New York City is the place. Museums like MoMa, Guggenheim, Metropolitan Museum of Art, New Museum and other collections entertain and enrich their visitors. The Metropolitan Opera and dozens of theater stages satisfy your tastes for ambitious entertainment and mental enrichment.



There might another reason why people flock back to cities like New York: Gasoline costs today twice its price from the 90s. The high costs of commuting from suburban areas for jobs & leisure activities make it more feasible to live in a center and are compensating partly the high cost of living there.

Today you can see a lot of construction sites in New York creating room for more people to come. It looks like that the metropolis will continue its growth in the coming years gaining more jobs and leisure time facilities. Welcome to New York City.

Tuesday, April 15, 2014

Movies: Only Lovers Left Alive

 

(Drivebycuriosity) - Being a vampire is hard: No sunlight, a permanent thirst for blood and being an odd outsider in a world dominated by humans. But the rewards are rich: A sheer endless life; wealth, knowledge and taste accumulated over many centuries, supernatural skills and memories of encounters with many historical persons. These are the topics of many vampire movies, especially the better ones.  "Only Lovers Left Alive", that is now playing in US cinema theaters, is one of the best (imdb).

Jim Jarmusch, the director & script writer, showed again that he belongs to the masters of contemporary cinema. Once more he translated his original and often funny ideas in mesmerizing pictures.

The film tells an episode in the "life" of a married couple, both centuries old vampires, living in nightly suburban Detroit and Tangiers (Morocco), which combines the dullness of American suburbs with the exotical flavor of Northern Africa. Their strange existence gets more and more complicated and challenged (no spoilers as usual on this blog). Jarmusch, who gave an introduction last week at New York´s Sunshine Theater, calls his film a comedy.

I was fascinated by how realisticly Tilda Swinton impersonated a vampire. Her natural paleness, her androgenous style and her restrained way of acting made her to the most convincing exemplar of the bloodsuckers I have ever seen on screen. Tom Hiddleston, as her husband over many ages - a somewhat somber musician (composer for centuries!) and collector -, is a congenial partner.

It was heartwarming to see their literally endless love and perpetual affection for each other. I also was enthralled to watch them when their predatory instincts awake. Then they resemble cats who coldy spot their prey. John Hurt, an icon of British cinema ("Alien"), Mia Wasikowska, Anton Yelchin and Jeffrey Wright also had remarkable appearances.

The cinematography, which blends nightly impressions of suburban Detroit and Tangiers with stylish interiors, creates a dense & enthralling atmosphere. The movie benefits a lot from the intense soundtrack, especially the heavy metal & grunge pieces by SQÜRL (Jim Jarmusch himself together with Carter Logan & Shane Stoneback). The musical climax was a live performance by Yasmine Hamdan, a singer from Lebanon - priceless (you can watch the scene on YouTube  youtube)

"Only Lovers Left Alive" is a very modern interpretation of the vampire theme and one of the best movies of the genre. Highly recommended!

Monday, April 14, 2014

Stock Market: Reality Check April 2014

(Drivebycuriosity) - Today the US stock market closed with a solid gain (S&P 500 + 0,8%). The panic from last week is almost forgotten. I think this is partly a response to the massive selling of the recent days which made especially technology stocks significantly cheaper. The S&P 500 trades at about 17 times earnings. While that’s near the highest level in four years, it’s close to the average since 1937, writes Bloomberg (bloomberg).

Today´s stock market gains may also be the result of a reality check. This morning we learned that the US economy is sounder than the alarmists want us to believe. We got news that US retail sales increased 1.1% from February to March (seasonally adjusted), and sales were up 3.8% from March 2013 - the best sales data since 2012 (bloomberg). This shows that the US consumers don´t care about the fearmongers in the media and ignore the hysterical behavior of hedge funds and other speculators. The consumers show still optimism and spend money.

Since the retail sales are an important engine of the US economy the consistent consumer spending will continue to create economic growth which will translate into further stock market gains, I believe. I also think investors could learn from the consumers and show more reliance. The panic we saw in the last week doesn´t make any sense.

Saturday, April 12, 2014

Stock Market: Guts And Brain

(Drivebycuriosity) - The stock market is again in a situation that needs guts and brain. The masses are selling like crazy. Once popular stocks like Facebook, Netflix, Tesla, Twitter, Biogen and 3D Systems are almost in a free fall now. The Nasdaq Composite Index, which comprises the most risky stocks, tanked 3,6% last week; even the broader S&P 500, the gauge for the US stock market, lost 2.6%.

The headlines in the media are gloomy. The usual alarmists predict a nascent stock market crash. This reminds me of the situation in the second half of 2011. Then stocks, especially the risky Nasdaq papers, also got battered. From mid July 2011 through mid August 2011 the Nasdaq papers plumed around 20% to 2,340 points, thanks to the panic selling by hedge funds and other speculators. Since then the index gained around 70%.

The precent panic is ridiculous again. The weekly job market claims fell on a seven-years low, other indicators like the purchasing manager indices for manufacturing & services, industrial production and retail sales also show that the US economy is in a solid upwards trend and Europe`s economy is recovering.

Especially the selling-off of technology stocks doesn`t make sense. We are experiencing a new industrial revolution: Rapid advances in 3D-printing, robotics, nano-technology, bioengineering (new medicaments) and more industries are working together and are reducing costs, opening new markets and making our lives better. And: The number of Internet users - and hours & money spend online - is worldwide exploding thanks to cheap smartphones and other devices which give access to the worldwide net.

I reckon that the bull market, that started in spring 2009, will continue and believe that the recent losses on the stock market will soon be forgotten like the ridiculous turbulences from 2011.

Wednesday, April 9, 2014

Media: A New Golden Age Of TV

(Drivebycuriosity) - If we believe the New York Times a "new golden age of TV" has arrived (nytimes). I agree. I am under the spell of series like "True Detective", "Homeland", "Breaking Bad", "The Americans" and more.

And it will even get better I believe. The reason: The number of suppliers is rising. Traditional producers of quality TV like HBO, AMC, FX and others are getting more and more challenged by newcomers like Netflix ("House of Cards", "Orange is the New Black"). Amazon.com. started recently the production of at least six TV series and Yahoo, Sony and Microsoft also announced that they will produce their own TV series (imdb investors). 

I think that the growing competition is generally lifting the quality of TV productions. Competition is always good for consumers because producers have to be better than their competitors or at least as good as them to stay in business. TV-top dogs like HBO and AMC have to invest more money to defend their turf against the newcomers who on the other hand need quality to "steal" the viewers. According to BusinessInsider HBO spend  $8 million for just one episode of their famous series "Game of Thrones", the site also claims that an average cable episode costs around $2 million (businessinsider).



Behind the rising TV competition - and the quality gains -  are 2 trends:


1. Technological progress.

Without the technological advances of the recent years newcomers like Netflix and Amazon wouldn`t exist. The possibility to downstream TV programs on a growing number of devices - TV-receivers, computers, tablets, smartphones, games consoles and other platforms - creates new markets and expands the number of potential viewers enormously. This encourages the producers to spend more money for script writers, actors, directors, cinematography and post production including special effects.


The technological progress also helps producers to realize their ideas because they can alter scenes in the (digital) post-production and make the results looking better. And technological advances are reducing costs of production. For instance a scene which needs many actors can now be faked in post-production by digitally multiplying the photographed persons. 

2. Globalization

I also believe that the ongoing globalization contributes to the rise of TV quality.  Producers can sell their series in many countries (to local TV-channels or directly as downloads to the consumers) which again justifies costlier productions. I also expect that the number of foreign productions we can see will sharply rise in the coming years which will strengthen the competition. British TV-series like "Sherlock" and Downton Abbey" are already popular in the US. Why not some fresh TV from Scandinavia, China or Latin America. Enjoy!



Monday, April 7, 2014

New York City: An Early Spring Day At Washington Square Park 2014


(Drivebycuriosity) - Sometimes many people have the same idea. Yesterday my wife and I decided to walk to the Washington Square Park in Southern Manhattan. The lovely spring day after a long and exhausting winter was really inviting.

Apparently many people had the same idea. The park was much more crowded than usual. Many New Yorkers - and tourists - enjoyed sunshine and unfamiliar mild temperatures in the company of others.


A lot of street artists - also more than usual - used the occasion for their performances. Here some impressions from an early spring day in Southern Manhattan.


Enoy!

Sunday, April 6, 2014

Movies: Nymphomaniac: Vol. II

 

(Drivebycuriosity) - Human sexuality has many facets. Sex can deliver pleasure, excitement and lust, but could also lead to pain and self-humiliation. Lars von Trier´s newest masterpiece describes and analyzes most of them (imdb).

In "Nymphomaniac: Vol. II" Jo continues to tell the story of her life (Vol. I reviewed here, no spoilers  driveby). The plot gets darker and much more violent: Less fun, more pain. Her manical sex drive leads here into a personal downdrift including a pathetic ménage à trois with two African males,  professional sadomasochism, illegal debt collecting and more. 

Because the story is told as a dialogue it has a lot of room for discourses about different sex-related subjects like religion (the differences between the Roman Catholic Church and the Eastern Orthodox Church).

William Dafoe, one of my favorite actors, has a short but striking part, I also enjoyed a cameo of Udo Kier and was impressed by the performance given by the newcomer Mia Goth.

Like part one the film is a kaleidoscope of different parts, some are funny, others are shocking & depressing. It has again a lot of explicit sex scenes. The complete movie (Vol. I& II) may be a parable about the depths of sex. "Nymphomaniac" is a very academical, but also realistic looking study about the philosophy & psychology of sex - a movie people will talk about many years.