Archive | Places to see

Greenwich Village

Greenwich Village
Greenwich Village has a lot of history in its roots. Greenwich Village is located near Washington Square Park in New York. Greenwich Village is commonly referred to as “The Village” and has a lot to offer to vacationing families. The Village is a renowned community that prides itself on a safe, clean and friendly environment for visiting families. There are a variety of shops, quiet alleyways and a very diversified culture to visit. Do not forget that The Village is where Jimi Hendrix built the Electric Lady sound studios, where Gertrude Vanderbilt Whitney founded the Whitney Museum, Andy Warhol and Lou Reed created the citadel of Hippiedom at the Electric Circus on St Marks Place and where Barbra Streisand debuted at the Bon Soir. A few things to see while touring The Village would be The New York Studio School, TLA Video, Games Workshop, New York University, The Cooper Union, Grey Art Gallery, Mondo Kim’s Video and much more. There is also 8th street which is the Shoe Capital of The World, which is sure to make the ladies happy. New York City is the dining capital of the world and as such some of the most famous dining places are right in the heart of The Village. The selection of cuisine in New York City and The Village is quite appealing. No matter what you prefer they have it from American, Asian, French, Indian, Italian, Japanese, Mexican to Cuban and more! For those of you that like shopping you will not be disappointed as the list of places to shop is immense. Some of the worlds most famous clothing stores reside here in New York. Places like Versailles, Stiletto Shoes, Village Toto, Purdy Girl and Banana Republic. Needless to say whether you are after museums, shopping, history, fine cuisine or just plain ol’ relaxation you will find it in The Village. ....read more

The New York Stock Exchange

The New York Stock Exchange
The New York Stock Exchange is also known as the “Big Board” or the “Wall Street” because it is located at 11 Wall Street, New York. The New York Stock Exchange is the largest stock exchange in the United States by dollar volume and total market capitalization of companies listed. The biggest stock exchange by share volume is the NASDAQ, a fully electronic stock exchange. The New York Stock Exchange is operated by the NYSE Group. The NYSE Group also operates a second stock exchange, the NYSE Arca, formerly known as the Archipelago Exchange. The NYSE acquired Archipelago just recently in December 2005 and went public and began trading under the NYSE Group in March 2006. The symbol is NYX. There are more than 2600 companies with a market value of about $21 trillion listed on the NYSE. Non-US companies play a major role with a value of over $7 trillion. The listing requirements are high to maintain listing quality. Companies must maintain minimum standards in number of shareholders, trading volume, market capitalization, earnings, cash flow and other criteria. The New York Stock Exchange trades in the so-called open outcry system. Each stock is traded by a so called specialist on a specific location on the trading floor. A specialist is an employee of a NYSE member firm who works as an auctioneer to meet buyers and sellers in a particular stock. This is what makes the NYSE different to the other exchanges like the NASDAQ where the orders are matched fully electronically. The Dow Jones Industrial Average (symbol DJI) is the oldest, most important and best known index of the New York Stock Exchange. It was created by Charles Dow, founder of the Dow Jones & Company. It was first calculated in October 1, 1928. The index is also known as the “Dow Jones” or simply the “Dow”. The index calculates the average value of thirty of the most important stocks like Microsoft, Pfizer, AT&T, IBM. Since the Down Jones is a price-weighted index of only 30 stocks, many recommend watching the S&P 500 index instead as a better indicator. There have been several big Dow Jones index declines which became famous. In October 12, 1914 the Dow Jones had its biggest percentage drop in history with 24.39% in one single day. In October 19, 1987 the drop was 22.6% (Black Monday). The largest point drop was September 17, 2001 with 684.81 points or 7.1%. Today trading is halted at the New York Stock Exchange when the market declines 10, 20 or 30% to give investors time to rethink their decisions (circuit breaker rule). ....read more