NYC’s Waldorf Astoria Said to Close in ’17 for Condo Rebuild

Bloomberg, June 27, 2016–Yu, Hui-Yong New York’s Waldorf Astoria hotel is scheduled to close in spring 2017 so owner Anbang Insurance Group Co. can convert most of its 1,400-plus rooms to condominiums. The luxury hotel, managed by Hilton Worldwide Holdings Inc., will reopen as many as three years later, with about 300 to 500 hotel rooms remaining.

Treasury Chief: Government Should Use All Tools to Boost Growth

Reuters, June 27, 2016–Lawder, David
U.S. Treasury Secretary Jack Lew said on Monday that policymakers in Britain and other European nations and elsewhere should use all available tools, including fiscal and monetary policy and structural reforms, to boost global demand in the aftermath of the U.K. vote to leave the European Union.