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The Empire State Building Opened During the Great Depression. Its Survival Story Holds a Lesson for Today


The Empire State Building Opened During the Great Depression. Its Survival Story Holds a Lesson for Today
Time
4/30/2021
Olivia B. Waxman
© Irving Browning The New York Historical Society/Getty Images
Tourists at Bryant Park looking through a telescope toward American Radiator Building and the Empire State Building, New York City, circa 1930s.
On May 1, 1931, an “awestruck” Franklin D. Roosevelt, then Governor of New York, spoke at the ribbon-cutting ceremony for what was then the world’s tallest building, the Empire State Building.
The new skyscraper, he said, was a symbol of “vision and faith”: vision, because only those who looked to the future could have imagined such a project, and faith, in believing the work would be “fully justified in the days to come.” ....

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The evolution of the skyscraper, from New York to Dubai


architecture
Published 23rd April 2021
Written by Oscar Holland, CNN
When New York s Equitable Life Building opened in 1870, the businessman behind the project, Henry Baldwin Hyde, was berated for having delusions of grandeur. Costing more than $4 million (around $81 million in today s money), his insurance company s headquarters soared a then-astonishing seven stories above the streets of Manhattan.
One hundred forty years later, when the 163-floor Burj Khalifa topped out half a mile into Dubai s sky, it too was seen by some as extravagant. Both buildings serve as a reminder that it is not only economics and technology that have driven the history of skyscrapers, but symbolism and ego, too. ....

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5 law professors who co-signed Elizabeth Warren's wealth-tax bill explain why they support its constitutionality


Critics say Elizabeth Warren s wealth tax plan breaks the law. They re wrong, according to multiple law professors.
[email protected] (Juliana Kaplan)
Elizabeth Warren recently introduced a wealth tax on the top 0.05% of American households.
The measure could bring in billions in tax revenue, but faces questions over whether it s constitutional.
Insider talked to 7 law professors about these concerns, including 5 who signed a letter in its support.
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It s a measure that a majority of Americans support, and could bring in billions in tax revenue, but beyond the political will to make it law it faces several legal obstacles. Besides implementation concerns, it might not be allowed under the Constitution. ....

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