Word: greenwich
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...finance has reshaped the British capital, take a trip to Greenwich--about 3 1/2 miles (6 km) downstream from Tower Bridge--home to the Royal Observatory, which dates back to 1675. It's the birthplace of Greenwich Mean Time, but for years the area was as well known for its mean streets: 19 Greenwich neighborhoods rank among the most deprived in England...
Born in Enid, Okla., Dalton was married and divorced twice before the age of 21. It was not long until she made her way to Greenwich Village at a time when residence all but required one to be a bard or a banjo player. She was beautiful, too. “Karen was tall, willowy, had straight black hair, was long-waisted and slender, what we all wanted to look like,” Lacy J. Dalton, a self-described “hard-luck” chanteuse and former fellow West Villager, has said. She could certainly sing...
What's more, it's not just no-name investors who are suffering the losses. Many of the industry's biggest stars are licking their wounds this year. Last week, Tontine Partners, a formerly $10 billion hedge fund based in Greenwich, Conn., told investors it had lost 65% of their money. Tontine's manager, Jeffrey Gendell, made Forbes' list of richest Americans in 2008 with an estimated net worth of $1 billion. Och-Ziff Capital Management Group, which became one of the first hedge-fund companies to go public last November, recently reported that its Asia fund had fallen nearly...
River of Gold To see how finance has reshaped the British capital, take a trip to Greenwich, about 3 1⁄2 miles (6 km) downstream from Tower Bridge and home to the Royal Observatory, which dates back to 1675. It's the birthplace of Greenwich Mean Time, but for years the area was as well known for its mean streets: 19 Greenwich neighborhoods rank among the most deprived in England. Since 2001, the local council has pursued a major state-funded regeneration program aimed at cutting crime and unemployment, and improving the decaying public housing stock. But these days...
Local businesses have caught on. At one end of Greenwich's High Street is the Green Baby store, which sells Earth Friendly Baby organic chamomile shampoo and diaper balm made from sweet almond oil and shea butter. A short walk away is the Greenwich Park Bar & Grill, where a burger made from "Kobe" beef raised at a farm in north Wales will set you back $33. Some of these upmarket places have already been feeling the pain. At the Nevada Street Deli, which serves up smoky cheese from County Cork and freshly made poached-salmon sandwiches, owner Laura Heap says...