In his tenth year as mayor, Bloomberg’s approval rating has hit near-record lows. In the boom years, the mayor-as-tycoon seemed a natural thing. Now that New Yorkers regard billionaires with more distrust than envy, the mayor has far less room to manoeuvre.
In a city where nobody cooks, rising prices at New York restaurants have become a fact of life. Thomas Keller’s Per Se, awarded three Michelin stars, once charged $135 for a nine-course vegetarian tasting menu; the same meal will now set you back $295.
It is a special kind of relationship, and one that could prove crucial to Portugal’s recovery. In a reversal of history, the Iberian nation is now relying on the trade and financial support of its former colonies to help it through its worst-ever financial crisis.
There was a great elephant in the room at the annual summit of the Association of Southeast Asian Nations. Though the region’s leaders spoke about peace and co-operation, the fact remained that Cambodia and Thailand are at each other’s throats.