Hudson Yards is officially open to the public. What was once the site of warehouses, tenements, and rail yards is now home to the largest development in New York City since Rockefeller Center. From the initial idea to the opening this week, it’s taken nearly 20 years— and $25 billion — to create the sprawling 28-acre megaproject on the west side of Manhattan.
The new neighborhood features supertall glass towers, luxury apartments, a high-end retail and restaurant hub, and a climbable honeycomb-like structure called the Vessel. And this is just phase one. Debuting in April, a new arts center called will be home to art galleries, concerts, and theater performances. There are also plans to build more public space, housing, and and even a new school. It’s a carefully-curated new neighborhood built from scratch.
This week on WNYC's Money Talking, Charlie Herman talks to Greg David , columnist at Crain’s New York Business , about the long road to the new Hudson Yards.
Trump and Tariffs: Was it Worth The Fight?
It’s been about eight months since President Trump launched a trade war with China, and it looks like we might be approaching an agreement between the two nations.
Trump says that trade relationship with China has been unfair to the U.S. To force a change, he’s put in place punishing tariffs on Chinese goods to gain leverage. But that’s also punishing some in the U.S., like farmers, automakers manufacturers and even some consumers.
If the deal is made, the big question will be, was it all worth it? On this episode of Money Talking, , senior columnist for Yahoo Finance, about how the impact of the trade war and what, if anything, the deal will change.
Tax Season Shocker
If you're depending on a tax refund this year to pay loans, make a down payment on a car or take a vacation, you might be out of luck.
According to the IRS, average refunds have been compared last year. If the trend continues, many Americans will end up with a smaller refund or worse — they may owe the government. Residents in high-tax states, like New York and New Jersey could see a bigger swing because President Trump's tax code overhaul capped deductions for state and local taxes.
But it doesn't mean people paid more taxes overall. The amount the IRS withheld from each paycheck was lower, so many people had a little more money each time they got paid. But it's a big change for those Americans who've become accustomed to pocketing some extra cash during tax season.
On this episode of Money Talking, , economics correspondent for The Washington Post , about why this is happening and the political consequences it might have.
Foreign Policy, Private Profits and Nuclear Technology in Saudi Arabia
This week, a revealed that officials in the Trump administration pursued a plan to export nuclear technology to Saudi Arabia in order to build nuclear power plants.
The report from House Democrats says the deal gained momentum during President Trump’s first days in office with help from then-national security adviser Michael Flynn. The efforts continued, despite warnings from ethics officials and staff at the National Security Council.
Behind the proposal was IP3, a company of that could benefit financially if the plan moved forward.
This week on Money Talking, and what it could mean for Saudi Arabia and the Middle East.
The Fight for 5G
Imagine sitting down to watch a movie and downloading the file not in minutes, but mere seconds.
5G, short for "new fifth generation cellular networks" promises lightning-fast wireless service. That kind of connectivity is expected to open the floodgates for innovations beyond the home and possibly lead to a new technological and economic boom. For instance, it could make self-driving cars an everyday reality in cities around the country.
The network has already been launched in several places, but a nationwide roll out hasn't gone entirely smoothly. Cities and the federal government have been fighting over how the expansion should happen, while others are raising national security concerns.
This week on Money Talking, about what it will take to make 5G a reality, and what that could mean for your city and your smartphone.