Brooklyn – Fulton Ferry: View of World Trade Center
Image by wallyg
A view of the World Trade Center from Fulton Ferry Landing in Brooklyn.
The original World Trade Center was a complex of seven buildings, comprising of 13.4 million square feet of office space (almost 4% of Manhattan’s entire office inventory). All of the original buildings in the complex were destroyed in the September 11, 2001, attacks: 1 WTC, 2 WTC (North and South Towers) and 7 WTC collapsed; 3 WTC (Marriott Hotel) was crushed by the collapses of 1 WTC and 2 WTC; and 4 WTC, 5 WTC, and 6 WTC were damaged beyond repair and later demolished.
The concept of a World Trade Center complex originated with Nelson and David Rockefeller in the 1950s as an attempt to revitalize lower Manhattan. The initial proposed site on the East River was later moved to the lower west side. The complex towers were designed by Minoru Yamasaki with Antonio Brittiochi in one of the most striking American implementations of the architectural ethic of Le Corbusier, as well as the seminal expression of Yamasaki’s gothic modernist tendencies.
In 1966, construction began under the Port Authority of New York and New Jersey with a groundbreaking that razed 13 square blocks of low rise buildings, some of which predated the US Civil War. In December 1970, tenants moved into One World Trade Center. Tenants first moved into Two World Trade Center in January 1972, followed by a ribbon-cutting ceremony on April 4, 1973.
Although the towers became a New York icon, they were not without their flaws. Initially conceived as a complex dedicated to organizations directly involved in "world trade," they failed to attract the anticipated clientele, instead housing various governmental organizations initially. It wasn’t until the 1980s when an increasing number of private companies–mostly Wall Street firms–became tenants. The trade center’s "superblock", which replaced a more traditional, dense neighborhood, was regarded by many critics as an inhospitable environment that disrupted the intricate flows of traffic typical of Manhattan.
Still, the Towers had their admirers. For those who deemed it cold and sterile, there were just as many who appreciated its sheer immensity. Each of the twin towers had 110 stories. 1 WTC (the North Tower, which featured a massive 360 ft high TV antenna, added in 1978, and the highest restauarant in the world–"Windows on the World) stood 1,368 feet (417 m) high, and 2 WTC (the South Tower, which contained the observation deck) was 1,362 feet (415 m) high. The length and breadth of the towers were 208 feet (63.4 m) x 208 feet (63.4 m). When completed, 1 WTC became the tallest building in the world, unseating the Empire State Building, and 2 WTC became the 2nd tallest. This was a briefly held title, though, as the 1450 foot Sears Tower was already being constructed. On any given day, some 50,000 people worked in the towers with another 200,000 passing through as visitors.
What the towers lacked in architectural aestheticism, they made up for with engineering innovation. Faced with the difficulties of building to unprecedented heights, chief engineer Leslie Robertson employed an innovative structural model: a rigid "hollow tube" of closely spaced steel columns with floor trusses extending across to a central core. The columns, finished with a silver-colored aluminum alloy, were 18 3/4" wide and set only 22" apart, making the towers appear from afar to have no windows at all. Also unique to the engineering design were its core and elevator system. It was the first to use sky lobbies–floors where commuters can switch from an express elevator to a local elevator. The local elevators were stacked on top of each other within the same shaft. Worried that the intense air pressure created by the buildings’ high speed elevators might buckle conventional shafts, engineers designed a solution using a drywall system fixed to the reinforced steel core.
For more of my pictures of or about the World Trade Center, click here. For more details about 9/11, see this picture
BNZ Confidence Survey
To help Kiwi businesspeople and householders make informed financial decisions by discussing the economy in a language they can understand.
Read more on Scoop.co.nz
Cimetrix Announces Trading of its Shares on the OTCQB Marketplace
Cimetrix, Incorporated , a leading provider of factory automation and equipment control software solutions for the global semiconductor, photovoltaic and electronics industries, today announced that its shares are trading on the OTCQB marketplace through OTC Markets Group’s OTC Link™ quotation platform.
Read more on Business Wire via Yahoo! Finance
Simple Trading System
Filed under Trading System by stock trader on March 29, 2011 at 4:08 pm {no comments}Three simple steps to follow:
We have a timing system that gives us the general trend of the market. These stock market timers can have different “speeds” in detecting the stock market upturns and downturns. In general, a “fast” timer might give you better results but higher withdraws from your trading account. The opposite is true for a “slow” timer. Our timer is of a SLOW type: not many changes during the year, therefore not many trades.
In our tests, and real-life experiences, we’ve noticed that a delay of 2-3 days in taking action accordingly with the trend-change has negative effects on the results, therefore if you missed a trend-change by more than 2 days you should use great care in selecting stocks. The safest plan is to wait until the next trend-change.
In your private Subscriber’s area you’ll see the latest trend signals for US and International Indexes. You can add your own Stocks, Indexes and ETF in the Trend Manager and apply our proprietary algorithm to determine the current Trend.
Stock selection criteria help you select certain types of stock that can perform very well in the type of stock market detected by the Trend Signal. The filters criteria follow the very simple concept of continuing the trend: if a stock has started on an UP-trend it would go in that direction for a period of time.The EXIT strategy IS crucial in deciding the winners from losers!
Go to Barchart web site, and free of charge, you can see the TOP 100 performers on a particular day. On the day the trend signal from our web site changes(let”s say from DOWN to UP), choose (go long) TOP 5 or TOP 10 stocks that have the Average Volume over 100k. Those stocks would be your portfolio until the next change in the trend. Don”t forget to apply some money management strategy or you WILL LOOSE ALL OF YOUR MONEY, guaranteed! NOTE: Please make sure that the stocks chosen are part of the Index for which our FREE Trend Signal has shown a change in trend: i.e, don’t choose Nasdaq stocks when Dow Jones signals has changed.
If the signal from our site say “DOWN” you have two(2) options: you can sell short the TOP 5 or 10 stocks from the the same list, OR you can BUY some special mutual funds/ETFs, as per our article Special Mutual Funds.
You can use the same idea of selecting some momentum stocks by using other free web sites: MSN Money,Barchart Sectors,Google Stock Screener. Just make sure the selected stocks ARE part of the right sector/index that has changed the signal!
Another very simple way of taking advantage of our market trend signals, is to use the underlying ETFs for Indexes to create a portfolio: please see the sample portfolios posted under Trend Signals page.
A very sound and tested money management and portfolio management strategy is essential!
This is a very important component of our stock trading system because without proper money management, a successful stock trade cannot save you from the damage of a string of straight stock trading losses.
If we were to summarize this FREE stock trading system:
Timing system + Stock Selection Criteria+ Money Management = Successful Stock Trading System
Free Access to our Trading System