Private Networks and the Public Interest

Author(s):  
Simon James Bytheway ◽  
Mark Metzler

This concluding chapter examines the hierarchical nature of the markets in capital, which constitute the peak markets of the world capitalist system. It also reconsiders the central-bank connections between Tokyo, London, and New York as vital inner links within a larger set of world-city geographies. In a century of violent changes, these “capital city” geographies have been remarkably persistent. The great Tokyo bubble of 1989–90 was the greatest yet of its kind, but it now seems relatively modest next to the New York and London bubbles of 2007–8. Each of these “capital city” bubbles showed a mix of classic and novel features. Each also revealed, again, the centrality of the central banks themselves.

Author(s):  
Simon James Bytheway ◽  
Mark Metzler

In recent decades, Tokyo, London, and New York have been the sites of credit bubbles of historically unprecedented magnitude. Central bankers have enjoyed almost unparalleled power and autonomy. They have cooperated to construct and preserve towering structures of debt, reshaping relations of power and ownership around the world. This book explores how this financialized form of globalism took shape a century ago, when Tokyo joined London and New York as a major financial center. This book shows that close cooperation between central banks began along an unexpected axis, between London and Tokyo, around the year 1900, with the Bank of England's secret use of large Bank of Japan funds to intervene in the London markets. Central-bank cooperation became multilateral during World War I—the moment when Japan first emerged as a creditor country. In 1919 and 1920, as Japan, Great Britain, and the United States adopted deflation policies, the results of cooperation were realized in the world's first globally coordinated program of monetary policy. It was also in 1920 that Wall Street bankers moved to establish closer ties with Tokyo. The text tells the story of how the first age of central-bank power and pride ended in the disaster of the Great Depression, when a rush for gold brought the system crashing down. In all of this, we see also the quiet but surprisingly central place of Japan. We see it again today, in the way that Japan has unwillingly led the world into a new age of post-bubble economics.


2020 ◽  
Vol 4 (1) ◽  
Author(s):  
Dhina Setyo Oktaria ◽  
Agustinus Prasetyo Edi Wibowo

Land acquisition for public purposes, including for the construction of railroad infrastructure, is a matter that is proposed by all countries in the world. The Indonesian government or the Malaysian royal government needs land for railroad infrastructure development. To realize this, a regulation was made that became the legal umbrella for the government or royal government. The people must agree to regulations that require it. Land acquisition for public use in Malaysia can be completed quickly in Indonesia. The influencing factor is the different perceptions of the understanding of what are in the public interest, history and legal systems of the two countries as well as the people's reaction from the two countries


Author(s):  
Marie Ennis ◽  
Donald Friedman

<p>As a world city, New York is famous for many reasons; as a large city located primarily on islands at a complex of rivers, bays, and tidal straits, it has long depended on structural engineering for viability. Prominent structures include underwater vehicular and rail tunnels, bridges of every structural type, and aqueducts. Ten different buildings have held the world record for height, two arch bridges have held the world record for span, and four different suspension bridges have held the world record for their main span. With a multitude of successful businesses and the physical constraints of the geography, the motivation for technical innovation were present, and engineers were ready for the challenges.</p><p>These structures have generally not been built because they would break records, but rather because they served a purpose. For example, the Brooklyn Bridge, with a center span fiIy percent longer than the second- longest at the time of its construction, was built because ferries were the only transportation between New York and Brooklyn, then the first and third largest cities in the country. There is a close correlation, decade by decade and beginning in the 1880s, between what was feasible in terms of structural engineering and what has been built to enable the city to grow and prosper. This paper will examine that correlation and engineers’ role in the city’s evolution.</p>


AJS Review ◽  
2013 ◽  
Vol 37 (1) ◽  
pp. 115-134
Author(s):  
Adam J. Sacks

The controversy surrounding Hannah Arendt's reportage on the Eichmann trial in Jerusalem and the subsequent book cannot be underestimated. For Arendt personally, the trial was the decisive event in the second half of her life and amounted to nothing less than a second exile. On the world stage, it marked not only a critical turning point in international consciousness of the Holocaust, but also both initiated and reflected a critical shift in intra-Jewish representations and expression. Arendt's book could in fact be considered as a master text for Judaic studies in the second half of the twentieth century. To mention two of many possible consequences, the controversy may be seen as a pivot point from which the culture of the public intellectuals of New York argued itself out of the spotlight, as well as a primary catalyst for two of the most significant works on the Holocaust penned by women: Lucy Davidowicz'sThe War against the Jews(1975) and Leni Yahil'sThe Holocaust(1987).


Author(s):  
Sára Czina ◽  

At the turn of the 20th century, Budapest was famous for its Coffeehouse Culture. One of the most popular Café was the New-York Coffeehouse; today, it is remembered for its literary life. After 20 years of operation, in 1913, new people bought the tenant’s rights and established the first Coffeehouse joint-stock company in Hungary, called New-York coffeehouse Company Limited. This paper aims to analyze the operation of the Company in relation to the stock transfers, analysis of its profitability, and the changes in the transformations in the shares. The main goal was to figure out how the profitability and the stock transfers were connected to the contemporary social and economic circumstances. The years of the World Wars, Revolutions, the Great Depression, and the cultural/social life of the twenties had their deep effects on the life of the Company. The changes were perceptible for the public, too. Many articles were published about the hardships of the Company and the changing atmosphere of the Coffeehouse. These were different; not all of them damaged the interest of the Company Limited equally. Still, the difficulties influenced the stock transfers, profitability, and the everyday life of the Managers and Shareholders. These circumstances are parallel to the changes of the Company.


2012 ◽  
Vol 524-527 ◽  
pp. 2786-2789
Author(s):  
Lian Feng Xu ◽  
Yong Chun Wu ◽  
Xin Kui Liu

At 7th plenary session of 10th Beijing municipal committee, the development strategy of accelerating the implementation of the "Humanistic Beijing, Hi-tech Beijing and Green Beijing" is put forward on the height of building the world city. How to construct Beijing urban environment to a new level is worth concerning. Based on historical analysis of urban environment construction of New York, London and Tokyo, four principles that Beijing should insist on in the progress of urban environmental construction are presented.


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