By Herbert Lash NEW YORK (Reuters) - The Dutch, it is said, bought Manhattan Island in 1626 from its native American inhabitants for about $24 in trade goods. Half a millennium later, that sum wouldn't buy a square foot of office space in New York City's trendiest real estate market, the area below 34th Street known as Midtown South. Fueled by an influx of workers from the Internet economy and a record 17 consecutive quarters of rising prices, the average cost per square foot of office space in Midtown South hit an all-time high of $62.02 in the first quarter, according to Colliers International. At 6.1 percent in the first quarter, the area had the lowest vacancy rate of any U.S. central business district, real estate firm Jones Lang LaSalle said With New York's pace of job creation at its fastest in 65 years, what's driving the real estate activity is the attraction of living in the city and the desire to be close to peers in technology, advertising, media and information, or "TAMI," employers said.
WEST PALM BEACH, Fla. (AP) — An attorney for a Florida woman who sought to make a constitutional case out of her fight to prevent her son from being circumcised withdrew his federal lawsuit Wednesday, signaling a likely end to move the fight out of state court.
A new video has surfaced revealing a key part of the arrest of Freddie Gray, the Baltimore black man whose death from injuries he sustained while in police custody led to days of protests and a federal investigation. The video, shot by a bystander and posted on The Baltimore Sun's website on Wednesday, shows officers putting Gray in leg shackles and handcuffs before placing him back in a police van head first and on his stomach. Gray died on April 19 from spinal injuries suffered during his arrest a week earlier on April 12.
(This May 19 story has been corrected to clarify a statement by Stacey Freedenthal in paragraph 13 to say suicide rates among adolescents and adults increased in the early 1990s and then declined.) By Kathryn Doyle (Reuters Health) - Suicide rates have fallen among young white children in the U.S. but they've gone up among black youngsters, according to a new study of suicides in kids under age 12. Suicide is rare among these very young children, but it does happen, lead author Jeffrey A. Bridge of The Research Institute at Nationwide Children’s Hospital in Columbus, Ohio told Reuters Health by email. The difference in suicide rates between young children of the two races is masked by the overall suicide rate for all young children, which remained stable during those 20 years, he and his colleagues wrote in JAMA Pediatrics.
WASHINGTON (AP) — As House Speaker, Nancy Pelosi delivered the signature achievement of President Barack Obama's first term: his health care bill. Now Obama's top second-term goal, a major trade deal, hangs in the balance on Capitol Hill and Pelosi is again on the spot.