Tag Archives: Paris

Bank of America confirms Dublin as location for EU hub

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Even if the UK reverses and doesn’t Brexit, the genie is out of the bottle. While London may survive as Europe’s premier financial center in a no-Brexit scenario, it will be by a smaller margin and with more competition.
Frankfurt and Dublin will be more important as financial centers with or without Brexit. Paris will gain – especially as high-speed transportation links advance. Just as Wall Street now stretches coast-to-coast, the European financial industry will spread across Europe. And don’t forget, non-financial institutions are also important and also relocating. For a country with strict gun control, the Tories-led UK has amazingly managed to shoot itself in one foot with no-Brexit and both feet with Brexit.

Wall Street giant Bank of America Merrill Lynch has picked Dublin as the preferred location of its EU hub, joining a growing number of international financial groups to outline initial plans for how they plan to deal with the fallout from Brexit.

Speaking to The Irish Times in Dublin on Friday, group chief executive Brian Moynihan said this will result in the bank’s existing Irish subsidiary merging with its current most important EU banking unit, based in London.

It will also involve the group setting up an EU trading operation, or broker-dealer, in the Republic, which will require separate Central Bank approval, he said.

 

Source: Bank of America confirms Dublin as location for EU hub

Paris allows anyone to plant an urban garden | Inhabitat – Green Design, Innovation, Architecture, Green Building

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Paris, France, greenery, plants, plant, garden, gardens, public space, public spaces, creative gardens, alternative gardens, living wall, living walls, green wall, green walls, rooftop garden, rooftop gardens

Paris just passed a new law that allows anyone to plant an urban garden within the city’s limits. Upon receiving a permit, gardeners can grow plants on walls, in boxes, on rooftops, under trees, or on fences. They can cultivate greenery in front of their homes or offices. They can grow flowers, vegetables, and fruit. Paris mayor Anne Hidalgo’s goal is to create 100 hectares of living walls and green roofs by the year 2020, with one third of that greenery dedicated to agriculture.

Source: Paris allows anyone to plant an urban garden | Inhabitat – Green Design, Innovation, Architecture, Green Building

Not NY-London 2015 But Paris 1700

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They built fortunes and Paris:

In the seventeenth century, all these factors came together, and Paris became the European capital of conspicuous consumption when a new kind of wealth began to be very ostentatiously exhibited…All through the century, incalculably ostentatious displays of opulence were rolled out by non-Parisians of humble birth. The most publicized cases involved your men from poor families in the French provinces who, once they reached the French capital, had managed to amass fortunes. To a man, they owed their rags-to-riches stories to their instinct for the working of the age’s equivalent of high finance…

Guidebooks presented this financial elite’s impact on the cityscape as a noteworthy feature of modern Paris; their authors never failed to point out when a residence they recommended as particularly fine belonged to a man of finance. And indeed more than half the homes new to Paris in the seventeenth century and considered then and now to be of architectural significance were built by men who made their fortunes in finance rather than inheriting them. These men, who early in the century became known as “financiers,” were more than three times as likely as the scions of the great old families to build a home in seventeenth-century Paris and thereby to have helped create the original modern French architecture. And, as a 1707 work explained, this was evident to all: “Everyone knows that it’s because of the financiers that [Paris] has the special glow for which it is so renowned at present.”

The financiers were not the only group responsible for the “special glow” with which memorable modern architecture enveloped the city. A second profession also made a meteoric rise to prominence in the city on the move: the real-estate developer….

In the seventeenth century, Paris became a city in which to many the lure of money seemed omnipresent… a city that was “paradise for the rich and hell for the poor”…

Writers of every stripe… spoke of men of new wealth in the same way, as “leeches” who were bleeding the country dry and making paupers of honest citizens…..

The stories of Parisian financiers inspired the creation of other new words… nouveau riche… “the plague of our century”…”absolutely teeming with nouveaux riches, flaunting the fruit of their plundering of widows and orphans.”…

Parvenue, “one day a servant, the next, master of the house.”…

Millionnaire was initially a synonym for nouveau riche and parvenu, and individual of humble origins whose vast wealth was both sudden and ill-gotten….

Read the book – well worth the time.

How Paris Became Paris – The Invention of the Modern City by Joan DeJean, Bloomsbury Publishing