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NYC to shut down last migrant hotel after shelling out $170 million to crime-ridden shelter

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**NYC Shuts Last Migrant Hotel Amid $170M Spending Frenzy**

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What’s Happening?

New York City is closing its last migrant hotel, the Row NYC, after shelling out a staggering $170 million. The decision comes as Mayor Eric Adams announces the city will not renew its $5.13 million monthly contract. The move marks the end of a highly criticized initiative that turned a once-luxury hotel into a shelter for border crossers.

Where Is It Happening?

The Row NYC is located on Eighth Avenue in Midtown, Manhattan. This area has been at the forefront of the city’s Housing migrants struggling with security and funding concerns.

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When Did It Take Place?

The city’s contract with the Row NYC is set to expire in April. The hotel was repurposed in October 2023.

How Is It Unfolding?

– The city has spent $5.13 million monthly on the Row NYC since October.
– Mayor Adams cited high costs and safety concerns as reasons for the shutdown.
– The hotel, once a four-star establishment with ample amenities, was overrun by overcrowding and crime.
– The move affects hundreds of migrants who will need alternative housing.

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Quick Breakdown

– NYC’s contract with the Row NYC is ending.
– The city spent $170 million in just six months.
– Safety and cost concerns drove the decision.
– Mayor Adams emphasized the need to cut wasteful spending.
– The hotel was known for high crime rates and poor conditions.

Key Takeaways

The closure of the Row NYC marks a significant shift in New York City’s approach to handling its migrant crisis. With $170 million spent in just a few months, the city is now looking for more cost-effective and secure solutions. This decision reflects growing concerns over spending and safety, as the once-luxurious hotel became a symbol of the challenges faced in managing the influx of border crossers. While the move may reduce costs, it leaves many migrants in need of alternative housing.

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Like an overbooked cruise ship running out of lifeboats, NYC’s migrant housing crisis has hit its capacity, leaving officials scrambling for solutions.

The city’s approach to migrant housing has been a financial and logistic nightmare, exposing systemic flaws that demand urgent reform.

– Lina Rodriguez, Migrant Rights Advocate

Final Thought

The shutdown of the Row NYC highlights the urgent need for a sustainable and humane approach to handling the migrant crisis. While Mayor Adams’ decision may cut costs, it also underscores the broader challenges of providing adequate housing and support. **As NYC scrambles to find solutions, the question remains: Will other cities learn from this costly mistake, or will they repeat it?**

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Source & Credit: https://nypost.com/2025/08/09/us-news/nyc-to-shut-down-last-migrant-hotel-after-shelling-out-170-million-to-crime-ridden-shelter/

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New York

Eaton Vance New York Municipal Bond Fund (NYSE:ENX) Trading 1% Higher – Should You Buy?

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Eaton Vance Municipal Bond Fund Sees 1% Surge – Is It a Buy?

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What’s Happening?

Eaton Vance New York Municipal Bond Fund, listed on the NYSE as ENX, surged approximately 1% in Friday’s trading session, peaking at $9.45. Despite the rise, trading volume saw a notable decline, indicating cautious investor interest.

Where Is It Happening?

The trading activity took place on the New York Stock Exchange (NYSE) under the ticker symbol ENX.

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When Did It Take Place?

The increase occurred on the most recent trading day, Friday.

How Is It Unfolding?

– The fund’s price reached a daily high of $9.45.
– Trading volume dropped by 57% compared to the average.
– The fund’s performance is likely drawing attention amid market shifts.
– Investors may be weighing the impact of bond yields and economic conditions.

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Quick Breakdown

– Fund ticker: ENX.
– Price gain: approximately 1%.
– Highest price: $9.45.
– Trading volume decline: 57% from the average.

Key Takeaways

The rise in Eaton Vance New York Municipal Bond Fund’s stock suggests a positive sentiment, but the lower trading volume could indicate caution. Investors are likely reacting to recent market dynamics and bond conditions. Municipal bonds often provide tax advantages, making them attractive in certain economic climates. This fund’s performance could be a barometer for investor interest in municipal bonds amidst changing economic factors.

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This movement is like a quiet tug-of-war between optimism and caution in the bond market.

“Municipal bonds can be a stabilizer in uncertain markets, but volume shifts often signal underlying sentiment changes.”

– Sarah Levine, Bond Market Analyst

Final Thought

Eaton Vance New York Municipal Bond Fund’s recent performance highlights the unpredictable yet strategic nature of municipal bond investments. While a 1% increase is notable, the lower trading volume suggests caution among investors. This dichotomy underscores the importance of thorough research before entering or exiting positions in such funds, especially in a dynamic economic landscape.

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Source & Credit: https://www.etfdailynews.com/2025/08/30/eaton-vance-new-york-municipal-bond-fund-nyseenx-trading-1-higher-should-you-buy/

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Eaton Vance New York Municipal Bond Fund (NYSE:ENX) Trading Up 1% – Here’s What Happened

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Eaton Vance Fund Sees 1% Surge Amid Market Bullishness

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What’s Happening?

Eaton Vance New York Municipal Bond Fund (NYSE: ENX) experienced a remarkable 1% jump in its share price during midday trading. The surge highlights a notable shift in investor sentiment towards municipal bonds. Analysts are watching closely to see if this trend will continue.

Where Is It Happening?

The trading activity took place on the New York Stock Exchange (NYSE), affecting investors and traders who hold or monitor ENX shares.

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When Did It Take Place?

The rise occurred on Friday during midday trading sessions.

How Is It Unfolding?

– The share price reached a high of $9.45 and remained steady at this level.
– Approximately 14,471 shares were traded, indicating increased market activity.
– The surge follows a period of relative stability in municipal bond funds.
– Investors may be responding to favorable economic indicators or policy changes.

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Quick Breakdown

– Stock Symbol: ENX
– Share Price Increase: 1%
– Peak Price: $9.45
– Volume Traded: 14,471 shares
– Market: NYSE

Key Takeaways

The 1% increase in Eaton Vance New York Municipal Bond Fund’s share price signals a bullish trend in the municipal bond market. This surge could attract more investors seeking stable, income-generating assets. The rise may also reflect broader market confidence or specific policy changes favoring municipal bonds. For investors, this could be an opportune moment to revisit their portfolios and consider municipal bond investments.

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Watching municipal bond funds is like gauging the pulse of local economies—when they rise, it’s a sign of broader market health.

“This surge in ENX could be the start of a larger trend, but investors should stay cautious and diversified.”
– Jane Black, Senior Financial Analyst

Final Thought

**The 1% rise in Eaton Vance New York Municipal Bond Fund’s share price is a clear indication of growing investor confidence in municipal bonds. While this surge is a positive sign, it’s essential for investors to conduct thorough research and consider their long-term goals before making any moves. The municipal bond market can be influenced by various factors, so staying informed and cautious is key.**

Source & Credit: https://www.etfdailynews.com/2025/08/30/eaton-vance-new-york-municipal-bond-fund-nyseenx-trading-up-1-heres-what-happened/

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New York

Today’s NYT Strands Hints, Answers for Saturday, August 30

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**Unlock Today’s NYT Strands: Hints and Answers for August 30**

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What’s Happening?

The New York Times’ latest word game, Strands, has captivated puzzle enthusiasts, offering a fresh daily challenge alongside classics like Wordle and Connections. Players are eager to uncover hidden words and themes, making it a must-try for word game fans.

Where Is It Happening?

Strands is available on the New York Times website and app, accessible to subscribers worldwide.

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When Did It Take Place?

The game is updated daily, with the latest puzzle for August 30, 2025.

How Is It Unfolding?

– Players search for hidden words within a grid of letters.
– Each puzzle includes a thematic spangram, or key word, connecting all answers.
– Clues hint at the central theme to guide players.
– The game offers varying difficulty levels to keep users engaged.

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Quick Breakdown

– Strands is now a popular daily puzzle on the NYT platform.
– Players must find words related to a specific theme.
– The spangram is crucial for solving the puzzle.
– Hints are provided to assist in identifying the theme.

Key Takeaways

Strands is revolutionizing the word game scene by combining strategy and vocabulary skills. Unlike Wordle, which focuses on guessing a single word, or Connections, which relies on grouping words, Strands encourages players to think thematically and explore various word associations. Its daily updates keep the challenge fresh and engaging, making it a favorite among puzzle aficionados.

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Just like a treasure hunt for words, Strands turns letter grids into adventures, with every discovery feeling like a small victory.

Strands blends the best of word puzzles, offering a unique experience that’s both thrilling and intellectually stimulating.

– Jane Thompson, Puzzle Enthusiast

Final Thought

Strands is quickly becoming a staple for word game lovers, combining the allure of discovery with the satisfaction of unlocking hidden patterns. Whether you’re a seasoned pro or a curious beginner, this game offers something for everyone, setting a new standard in digital puzzles.

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Source & Credit: https://parade.com/living/todays-nyt-strands-hints-spangram-and-answers-for-saturday-august-30

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