New York’s controversial Hudson Yards complex set to open

With an arts center, posh stores, uber expensive apartments and lots of controversy, the largest privately funded real estate development in US history is set to open in Manhattan.

Sky-high observation deck being built in NYC

One hundred stories above the streets of Manhattan, the highest open observation deck in the Western Hemisphere gives a bird’s eye view of the New York skyline and the Atlantic Ocean. (March 12)

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Lost and usually found at humanity’s biggest gathering

In the cacophony and chaos of India’s vast Kumbh Mela festival, it’s easy to get lost among the millions upon millions of Hindu devotees. But help is at hand: There are 15 lost and found centres around the Kumbh grounds, a dusty maze of tents the size of Manhattan thronging with people from mid-January until early March.

A taste of the Cold War in NYC: welcome to the KGB Spy Museum

A Lenin bust in the window, Soviet background music, KGB agents’ desks recreated in minute detail: welcome to the brand new KGB Spy Museum, giving visitors a taste of the Cold War, right in the heart of Manhattan.

Kirsten Gillibrand announces 2020 run

(16 Jan 2019) A day after she jumped into the presidential race from a glimmering Manhattan television studio, Sen. Kirsten Gillibrand returned Wednesday to her upstate New York hometown to preview her campaign. (Jan. 16)

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New York fetches a Dog Museum

(11 Jan 2019) The American Kennel Club Museum of the Dog opens Feb. 8 in midtown Manhattan, returning to New York after three decades on the outskirts of St. Louis. (Jan. 11)

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MTA: $11 billion NYC train hub on time for arrival

(28 Dec 2018) Deep under Manhattan’s Grand Central Terminal, a pricey new train hub is slowly approaching completion despite billion-dollar cost overruns and a decade of delays. A new manager vows to finish the $11 billion project by Dec. 31, 2022. (Dec. 28)

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Weinstein lawyer confident client will be “exonerated” at trial

“We intend to continue to vigorously defend this case … and we remain confident, despite the court’s ruling today, that ultimately, at a trial of this case, Mr Weinstein will be completely exonerated” says Harvey Weinstein’s attorney Ben Brafman after a brief court hearing in Manhattan. SOUNDBITE

Divorces Are About To Get A Lot Messier When The Ball Drops On 2019 (HBO)

For married couples thinking about divorce, the end of 2018 means more than just finding someone new to kiss at midnight. Under the GOP’s tax overhaul, divorce agreements finalized after January 1, 2019 will no longer be eligible for a 75-year old tax deduction for alimony payments. But those settled before the new year will be grandfathered in under the old rules, potentially saving tens — if not hundreds — of thousand dollars over the life of a divorce settlement.

According to Jacqueline Newman, a partner at the matrimonial law firm Berkman, Bottger, Newman & Rodd, LLP in Manhattan, the holidays are usually a sleepy time for matrimonial attorneys. “You know I always say you never want to serve someone a summons in their stocking,” But with so much on the line, some lawyers are scrambling — and maybe even canceling their vacation — to get these deals inked before the ball drops.

The new tax laws might also affect the way divorce is negotiated in the future. Under the old rules, The deduction meant that alimony would cost less to the person paying for it than it was worth to the person receiving it. That incentivized more generous alimony agreements.

The new rule flips things around. Now, people who get alimony won’t have to pay taxes on it, but alimony payers won’t be able to deduct the payments from their income. In other words, paying alimony just got more expensive. According to Congressional estimates, the IRS will reap 6.9 billion dollars in new tax revenue over the next ten years from eliminating the deduction. But the people paying those taxes aren’t necessarily who you think.

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Michael Cohen exits court after sentencing

(12 Dec 2018) President Donald Trump’s former layer, Michael Cohen, left a Manhattan federal courthouse on Wednesday after being sentenced to three years in prison for multiple crimes, including tax evasion and lying to Congress. (Dec. 12)

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