Wednesday, February 26th, 2014
It’s now possible in New York City to buy a beer, pay for a massage and rent an apartment in bitcoins, the digital currency that is creeping out of the dark corners of the Internet.
Bitcoin’s emergence and infamy has caught the attention of state financial regulators. The New York State Department of Financial Services (NYSDFS) expects to decide this year how the use of Bitcoin and other virtual currencies can and should be controlled, not only to prevent cyber crime and protect consumers, but to provide a legal foundation to the burgeoning industry.
Tuesday, February 18th, 2014
Cary Goodman’s office always looks closed.
A roll-down gate blocks the storefront entrance to his one-room headquarters for the 161st Street Business Improvement District. Instead, visitors wind through his building’s main lobby and through a few windowless rooms to reach his office.
At the Kingsbridge BID, on Broadway and West 236th Street, a visitor on a weekday in November had to navigate around a black SUV parked on the sidewalk by the auto-repair shop next door. The Southern Boulevard BID, which services about 150 businesses, does not worry about blocked entrances: It doesn’t have an office.
“That’s how poor we are,” says Medina Sadiq, that BID’s director. “We can’t afford an office.”
Monday, January 13th, 2014
Pragati Sawhney flashes a deep smile as she gets ready to make chocolate in the kitchen of her East Village apartment.
She stands barefoot in front of a table piled with flower and fruit extracts. She puts the chocolate chips in a saucepan and sets them on the fire, occasionally stirring. Once the chips melt, she pours the chocolate on a marble counter and spreads it with a plastic spatula.
Her home smells like chocolate and her dress is no longer white.