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Business & Finance

Forbes June 30, 2019

Whether it’s reporting on the “next Facebook” or scrutinizing a new tax law, Forbes covers stories with uncanny insight and conciseness that hurried business folks appreciate. Get Forbes Digital Magazine Subscription today for rigorous, to-the-point business analysis.

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United States
Forbes Media LLC
14 Issues

in this issue

2 min.
the print experience

Among the many consistent philosophies over the 102 years that Forbes has been publishing: Success stems from reinvention during periods of strength, rather than during distress. We’ve decided to apply that advice to ourselves. In terms of reach, Forbes sits at historic highs: More people read Forbes in print (6 million-plus) than any other time in our history, according to MRI; more read Forbes.com (70 million-plus) than ever, according to comScore; Americans trust Forbes more than any other magazine or news source focused on free online journalism, according to Simmons Research. The perfect time, in other words, to look at ourselves and the world around us, and ask what’s next. Specifically, when you can receive an infinite amount of information on your phone or computer and then share, bookmark or link out…

3 min.
what experts miss about power

Historians and pundits routinely overlook the fundamental importance of monetary policy and taxation in the rise and fall of great powers. They churn out countless books on strategy, growing or declining economic strength, weapons systems, diplomatic machinations and the like. But rarely do they examine the critical role of money and taxes in the fate of nations. Proposed appointments to the Federal Reserve and the Treasury Department, for instance, never prompt the media to elicit comments from national security experts. Keep this basic truth about money and taxes in mind as the White House focuses on the necessity of rebuilding our rundown military and countering the aggressive, anti-American thrusts of Russia, China and Iran. If the U.S. is to constructively play a keep-the-world-stable role, it must have a sound dollar and a…

4 min.
working: researching, interviewing, writing

James Boswell’s The Life of Samuel Johnson is generally considered to be the finest biography in the English language. Boswell spent years by Johnson’s side, taking voluminous daily notes of the great man. But Boswell, wherever he is now, shouldn’t be sitting or lying on his laurels. Robert Caro’s monumental works on the life of Robert Moses, the man who built virtually all of the bridges, causeways, highways, parks and playgrounds of 20th-century New York City and its environs, not to mention numerous impressive housing projects, and on the life of Lyndon Johnson, our 36th President (Caro is working on the fifth and final volume), are every bit as impressive as what Boswell achieved. Even more so, actually. Of course, Caro didn’t get to spend his days shadowing his subjects, as…

2 min.
restaurants: go, consider, stop

• mamo 323 West Broadway, between Grand & Canal streets (tel.: 646-964-4641) Executive chef Salvatore Marcello’s delicious and unique creations make this Italian and Provençal restaurant a place to go. Start with the roasted cauliflower Romanesco, the endive salad tossed with seared tuna or the fried artichoke cacio e pepe. Perfect midcourse choices: crispy-crusted pizze focaccia al tartufo with Parmesan and fresh truffles or the MAMO meatball served on polenta. For pasta try the capelli d’angelo tossed with tiny shrimp and dusted with pistachios, or for lighter fare there’s a seared cod in a lemon caper butter sauce. For dessert choose the rich chocolate mousse or the creamy panna cotta. • Bistro Pierre Lapin 99 Bank St. (tel.: 212-858-6600) Peter Rabbit would feel right at home in this new, cozy French bistro with its bold…

2 min.
artist, icon, billionaire

WHAT’S NEW WHO’S NEXT INSIDE JAY-Z’S FORTUNE $310 MIL Armand de Brignac $100 MIL D’Ussé $100 MIL Tidal $70 MIL Uber $150 MIL cash & investments $75 MIL Roc Nation $75 MIL music catalog $70 MIL art collection $50 MIL property, net of mortgages TOTAL: $1 BILLION Nine years ago, two unlikely lunch partners sat down at the Hollywood Diner in Omaha, Nebraska. One, Warren Buffett, was a regular there. The other, Jay-Z, was not. The billionaire and the rapper ordered strawberry malts and chatted amiably, continuing the conversation back at Buffett’s Berkshire Hathaway offices. Buffett, then 80, walked away impressed with the artist 40 years his junior: “Jay is teaching in a lot bigger classroom than I’ll ever teach in. For a young person growing up, he’s the guy to learn from.” This moment, which was originally captured in our 2010 Forbes 400…

1 min.
425 park avenue, new york

Opening: 2020 Floors: 47 Seconds: 38 Words Per Minute: 173 In the time it takes to ride to the top of this Manhatt an office tower, David Levinson—cofounder and CEO of developer L&L Holding—gives the pitch that persuaded hedge fund billionaire Ken Griffin to rent 16 floors of it. “Park avenue is the grand boulevard of commerce in america, perhaps in the entire world. this is the first time in 50 years that anyone has built a block-front office building on Park avenue. it is designed by one of the greatest living architects in the world, norman Foster. We will have the no. 1 restaurant in the world, by eleven Madison Park chef Daniel Humm. it has views overlooking Central Park. there are not columns in this space. it is the healthiest, most efficient and…