My Global Hustle

Wall Streer Journal: Jeffrey Deitch

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Jeffrey Deitch, the Los Angeles Museum of Contemporary Art's new director, has been described as someone who lives and breathes art. His phone's email inbox is always full, and he's constantly lifting his trademark horn-

rimmed glasses to scan the barrage of messages for familiar names—important trustees, potential patrons, celebrities, dealers and collectors—never letting anyone else control his time, but always mindful of those he needs to 

attend to first. If he is scanning his phone for emails and text messages, he is not listening to you. But if he is listening to you, he is not listening to anyone else.

The Young Gallerists Who Are Transforming the New York Art Scene

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TO describe the retrospective of Richard Hambleton’s art that was recently held at the Phillips de Pury & Company galleries as a zoo doesn’t even take into account the woman who strapped a bug-eyed monkey puppet to her chest. About 2,000 partygoers were crowding two floors at the auction house on Park Avenue, including wealthy Upper East Siders and a parade of models from New York Fashion Week, many sipping from flutes of Champagne.

TO describe the retrospective of Richard Hambleton’s art that was recently held at the Phillips de Pury & Company galleries as a zoo doesn’t even take into account the woman who strapped a bug-eyed monkey puppet to her chest. About 2,000 partygoers were crowding two floors at the auction house on Park Avenue, including wealthy Upper East Siders and a parade of models from New York Fashion Week, many sipping from flutes of Champagne.

The Nets and NBA Economics BY Malcolm Gladwell

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Ten years ago, a New York real estate developer named Bruce Ratner fell in love with a building site at the corner of Atlantic and Flatbush Avenues in Brooklyn. It was 22 acres, big by New York standards, and within walking distance of four of the most charming, recently gentrified neighborhoods in Brooklyn — Park Slope, Boerum Hill, Clinton Hill, and Fort Greene. A third of the site was above a railway yard, where the commuter trains from Long Island empty into Brooklyn, and that corner also happened to be where the 2, 3, 4, 5, D, N, R, B, Q, A, and C subway lines all magically converge. From Atlantic Yards — as it came to be known — almost all of midtown and downtown Manhattan, not to mention a huge swath of Long Island, was no more than a 20-minute train ride away. Ratner had found one of the choicest pieces of undeveloped real estate in the Northeast.

India Nurtures the Next Generation of Entrepreneurs

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NEW DELHI — Teacups in hand and butter biscuits within reach, a handful of local technology titans debated the future of some young Indian entrepreneurs on a summer Saturday. After grilling five teams over several hours, the group, the Indian Angel Network, put two promising start-ups on the shortlist for potential financing.

“The Angel Network is really trying to help breed innovation,” said Padmaja Ruparel, the president the organization. “Our efforts are really going into driving the economic engine of India.”

Even though India is famous for it software industry, it hasn’t been a conducive environment for up-and-coming technology companies. Unlike in Silicon Valley, start-ups here can’t easily access capital, tap into a network of serial entrepreneurs or hone their ideas through incubators.

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IMF Report: Equality and Efficiency