Marathon Asset Management, LP is an investment manager focused on opportunistic investing in credit and fixed income markets globally. Marathon manages a family of investment programs principally focused on credit strategies including hedge funds , managed accounts , single-client funds and collateralized loan , and debt obligation vehicles .
120-756: The firm is headquartered in New York City with investment offices in London and Singapore . Marathon is one of eight firms selected by the U.S. Department of the Treasury to manage the Legacy Securities Public Private Investment Program (" PPIP ") Fund. Founded in 1998, Marathon manages over $ 23 billion of capital and has approximately 190 employees. The firm is registered with the U.S. Securities and Exchange Commission (SEC) as an investment adviser under
240-465: A business exodus from Downtown Los Angeles since the COVID-19 pandemic , the city's urban core is evolving as a cultural center with the world's largest showcase of architecture designed by Frank Gehry . On September 4, 1781, a group of 44 settlers known as " Los Pobladores " founded the pueblo (town) they called El Pueblo de Nuestra Señora la Reina de los Ángeles , 'The Town of Our Lady
360-631: A decade between Irish immigrants and Black people for work. Rioters burned the Colored Orphan Asylum to the ground. At least 120 people were killed. Eleven Black men were lynched over five days, and the riots forced hundreds of Blacks to flee. The Black population in Manhattan fell below 10,000 by 1865. The White working class had established dominance. It was one of the worst incidents of civil unrest in American history . In 1886,
480-564: A minority interest in Marathon Asset Management, LP. New York City New York , often called New York City or NYC , is the most populous city in the United States , located at the southern tip of New York State on one of the world's largest natural harbors . The city comprises five boroughs , each coextensive with a respective county . The city is the geographical and demographic center of both
600-523: A part of the colony of New York . It became a center of slavery , with 42% of households enslaving Africans by 1730. Most were domestic slaves ; others were hired out as labor. Slavery became integrally tied to New York's economy through the labor of slaves throughout the port, and the banking and shipping industries trading with the American South . During construction in Foley Square in
720-485: A profit; the other, according to an analysis of contemporary newspaper reports, was the 1932 Summer Olympics , also held in Los Angeles. Racial tensions erupted on April 29, 1992, with the acquittal by a Simi Valley jury of four Los Angeles Police Department (LAPD) officers captured on videotape beating Rodney King , culminating in large-scale riots . In 1994, the magnitude 6.7 Northridge earthquake shook
840-519: A reputation as a despotic leader. He instituted regulations on liquor sales, attempted to assert control over the Dutch Reformed Church , and blocked other religious groups from establishing houses of worship. In 1664, unable to summon any significant resistance, Stuyvesant surrendered New Amsterdam to English troops, led by Colonel Richard Nicolls , without bloodshed. The terms of the surrender permitted Dutch residents to remain in
960-531: A result of Sandy, and the economic losses in New York City were estimated to be roughly $ 19 billion. The disaster spawned long-term efforts towards infrastructural projects to counter climate change and rising seas, with $ 15 billion in federal funding received through 2022 towards those resiliency efforts. In March 2020, the first case of COVID-19 in the city was confirmed. With its population density and its extensive exposure to global travelers,
1080-507: A single type, where industrial uses were prohibited. The proscriptions included barns, lumber yards, and any industrial land use employing machine-powered equipment. These laws were enforced against industrial properties after the fact. These prohibitions were in addition to existing activities that were already regulated as nuisances. These included explosives warehousing, gas works, oil drilling, slaughterhouses, and tanneries . Los Angeles City Council also designated seven industrial zones within
1200-485: A speech denying the request, which was paraphrased on the front page of the New York Daily News as "FORD TO CITY: DROP DEAD." The Municipal Assistance Corporation was formed and granted oversight authority over the city's finances. While a resurgence in the financial industry greatly improved the city's economic health in the 1980s, New York's crime rate continued to increase through that decade and into
1320-438: Is Mount San Antonio , locally known as Mount Baldy, which reaches 10,064 feet (3,068 m). Further afield, the highest point in southern California is San Gorgonio Mountain , 81 miles (130 km) east of downtown Los Angeles, with a height of 11,503 feet (3,506 m). The Los Angeles River , which is largely seasonal, is the primary drainage channel . It was straightened and lined in 51 miles (82 km) of concrete by
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#17327919200531440-722: Is a common problem in this population. Although Serieys et al. 2014 find selection of immune genetics at several loci they do not demonstrate that this produces a real difference which helps the bobcats to survive future mange outbreaks . Los Angeles is subject to earthquakes because of its location on the Pacific Ring of Fire . The geologic instability has produced numerous faults , which cause approximately 10,000 earthquakes annually in Southern California, though most of them are too small to be felt. The strike-slip San Andreas Fault system, which sits at
1560-719: Is a sprawling metropolis of over 18.3 million residents. The majority of the city proper lies in a basin in Southern California adjacent to the Pacific Ocean in the west and extending partly through the Santa Monica Mountains and north into the San Fernando Valley , with the city bordering the San Gabriel Valley to its east. It covers about 469 square miles (1,210 km ), and is the county seat of Los Angeles County , which
1680-467: Is an established safe haven for global investors. As of 2023 , New York City is the most expensive city in the world for expatriates and has by a wide margin the highest U.S. city residential rents; and Fifth Avenue is the most expensive shopping street in the world. New York City is home by a significant margin to the highest number of billionaires , individuals of ultra-high net worth (greater than US$ 30 million), and millionaires of any city in
1800-452: Is complicated by rugged terrain, which has necessitated having different grids for each of the valleys that Los Angeles covers. Major streets are designed to move large volumes of traffic through many parts of the city, many of which are extremely long; Sepulveda Boulevard is 43 miles (69 km) long, while Foothill Boulevard is over 60 miles (97 km) long, reaching as far east as San Bernardino. Drivers in Los Angeles suffer from one of
1920-437: Is divided into many different districts and neighborhoods, some of which had been separately incorporated cities that eventually merged with Los Angeles. These neighborhoods were developed piecemeal, and are well-defined enough that the city has signage which marks nearly all of them. The city's street patterns generally follow a grid plan , with uniform block lengths and occasional roads that cut across blocks. However, this
2040-502: Is expected to continue to drop in the coming years because of aggressive steps to reduce it, which include electric and hybrid cars, improvements in mass transit , and other measures. The number of Stage 1 smog alerts in Los Angeles has declined from over 100 per year in the 1970s to almost zero in the new millennium. Despite improvement, the 2006 and 2007 annual reports of the American Lung Association ranked
2160-488: Is rich in native plant species partly because of its diversity of habitats, including beaches, wetlands , and mountains. The most prevalent plant communities are coastal sage scrub , chaparral shrubland, and riparian woodland . Native plants include: the California poppy , matilija poppy , toyon , Ceanothus , Chamise , Coast Live Oak , sycamore , willow and Giant Wildrye . Many of these native species, such as
2280-448: Is the most populous county in the United States with an estimated 9.86 million residents as of 2022 . It is the third-most visited city in the U.S. with over 2.7 million visitors as of 2023. The area that became Los Angeles was originally inhabited by the indigenous Tongva people and later claimed by Juan Rodríguez Cabrillo for Spain in 1542. The city was founded on September 4, 1781, under Spanish governor Felipe de Neve , on
2400-413: The 1916 New York City Zoning Ordinance did. Second, the residential zones did not distinguish types of housing; they treated apartments, hotels, and detached-single-family housing equally. In 1910, Hollywood merged into Los Angeles, with 10 movie companies already operating in the city at the time. By 1921, more than 80 percent of the world's film industry was concentrated in L.A. The money generated by
2520-805: The Army Corps of Engineers to act as a flood control channel. The river begins in the Canoga Park district of the city, flows east from the San Fernando Valley along the north edge of the Santa Monica Mountains, and turns south through the city center, flowing to its mouth in the Port of Long Beach at the Pacific Ocean. The smaller Ballona Creek flows into the Santa Monica Bay at Playa del Rey . Los Angeles
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#17327919200532640-866: The Atlantic port to the agricultural markets and commodities of the North American interior via the Hudson River and the Great Lakes . Local politics became dominated by Tammany Hall , a political machine supported by Irish and German immigrants . In 1831, New York University was founded. Several prominent American literary figures lived in New York during the 1830s and 1840s, including William Cullen Bryant , Washington Irving , Herman Melville , Rufus Wilmot Griswold , John Keese , Nathaniel Parker Willis , and Edgar Allan Poe . Members of
2760-909: The Crown , with as many as 10,000 escaped slaves crowded into the city during the British occupation, the largest such community on the continent. When the British forces evacuated New York at the close of the war in 1783, they transported thousands of freedmen for resettlement in Nova Scotia , England, and the Caribbean . The attempt at a peaceful solution to the war took place at the Conference House on Staten Island between American delegates, including Benjamin Franklin , and British general Lord Howe on September 11, 1776. Shortly after
2880-547: The Hillside Stranglers murder cases in 1977–1978. In early 1984, the city surpassed Chicago in population, thus becoming the second largest city in the United States. In 1984, the city hosted the Summer Olympic Games for the second time . Despite being boycotted by 14 Communist countries , the 1984 Olympics became more financially successful than any previous, and the second Olympics to turn
3000-1094: The Investment Advisers Act of 1940 . In addition, Marathon is a member of the National Futures Association ("NFA") and is registered with the Commodity Futures Trading Commission ("CFTC") in the U.S., the Financial Services Authority ("FSA") in the UK, and is notice filed as an exempted fund manager with Monetary Authority of Singapore ("MAS") in Singapore. Marathon was formed in January 1998, as Marathon Asset Management, LLC, by managing members Bruce Richards and Louis Hanover who have over 25 years of investment experience in distressed and situational investing. In 2008, Marathon
3120-546: The Los Angeles sunflower , have become so rare as to be considered endangered. Mexican Fan Palms , Canary Island Palms , Queen Palms , Date Palms , and California Fan Palms are common in the Los Angeles area, although only the last is native to California, though still not native to the City of Los Angeles. Los Angeles has a number of official flora: The city has an urban population of bobcats ( Lynx rufus ). Mange
3240-593: The Mission San Gabriel Arcángel , the first mission in the area. On September 4, 1781, a group of 44 settlers known as " Los Pobladores " founded the pueblo (town) they called El Pueblo de Nuestra Señora la Reina de los Ángeles , 'The Town of Our Lady the Queen of the Angels';. The present-day city has the largest Roman Catholic archdiocese in the United States. Two-thirds of
3360-742: The New York City Fire Department and 71 law enforcement officers. The area was rebuilt with a new World Trade Center , the National September 11 Memorial and Museum , and other new buildings and infrastructure, including the World Trade Center Transportation Hub , the city's third-largest hub. The new One World Trade Center is the tallest skyscraper in the Western Hemisphere and the seventh-tallest building in
3480-692: The Northeast megalopolis and the New York metropolitan area , the largest metropolitan area in the U.S. by both population and urban area . New York is a global center of finance and commerce , culture , technology , entertainment and media , academics and scientific output , the arts and fashion , and, as home to the headquarters of the United Nations , international diplomacy . With an estimated population in 2023 of 8,258,035 distributed over 300.46 square miles (778.2 km ),
3600-1000: The Northwest Passage to the Orient for the Dutch East India Company . He sailed up what the Dutch called North River (now the Hudson River), named first by Hudson as the Mauritius after Maurice, Prince of Orange . Hudson claimed the region for the Dutch East India Company. In 1614, the area between Cape Cod and Delaware Bay was claimed by the Netherlands and called Nieuw-Nederland (' New Netherland '). The first non–Native American inhabitant of what became New York City
3720-577: The Spanish Empire in 1542, while on an official military exploring expedition, as he was moving northward along the Pacific coast from earlier colonizing bases of New Spain in Central and South America. Gaspar de Portolà and Franciscan missionary Juan Crespí reached the present site of Los Angeles on August 2, 1769. In 1771, Franciscan friar Junípero Serra directed the building of
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3840-525: The Statue of Liberty , a gift from France , was dedicated in New York Harbor. The statue welcomed 14 million immigrants as they came to the U.S. via Ellis Island by ship in the late 19th and early 20th centuries, and is a symbol of the United States and American ideals of liberty and peace. In 1898, the City of New York was formed with the consolidation of Brooklyn (until then a separate city),
3960-709: The Stonewall riots were a series of violent protests by members of the gay community against a police raid that took place in the early morning of June 28, 1969, at the Stonewall Inn in Greenwich Village . They are widely considered to be the single most important event leading to the gay liberation movement and the modern fight for LGBT rights . Wayne R. Dynes , author of the Encyclopedia of Homosexuality , wrote that drag queens were
4080-577: The siege of Los Angeles where 150 Mexican militias fought the occupiers which eventually surrendered. Mexican rule ended during following the American Conquest of California , part of the larger Mexican-American War . Americans took control from the Californios after a series of battles, culminating with the signing of the Treaty of Cahuenga on January 13, 1847. The Mexican Cession
4200-612: The steamship General Slocum caught fire in the East River , killing 1,021 people. In 1911, the Triangle Shirtwaist Factory fire , the city's worst industrial disaster, killed 146 garment workers and spurred the growth of the International Ladies' Garment Workers' Union and major improvements in factory safety standards. New York's non-White population was 36,620 in 1890. New York City
4320-513: The waterfronts since Dutch colonial times; reclamation is most prominent in Lower Manhattan, with developments such as Battery Park City in the 1970s and 1980s. Some of the natural relief in topography has been evened out, especially in Manhattan. Los Angeles Los Angeles , often referred to by its initials L.A. , is the most populous city in the U.S. state of California . With an estimated 3,820,914 residents within
4440-487: The 1890s brought rapid growth to the city. The city was further expanded with the completion of the Los Angeles Aqueduct in 1913, which delivers water from Eastern California . Los Angeles has a diverse economy with a broad range of industries. Despite a steep exodus of film and television production since the COVID-19 pandemic , Los Angeles is still one of the largest hubs of American film production ,
4560-671: The 1930s, / l ɔː s ˈ æ n dʒ əl ə s / has been most common. In 1934, the United States Board on Geographic Names decreed that this pronunciation be used by the federal government. This was also endorsed in 1952 by a "jury" appointed by Mayor Fletcher Bowron to devise an official pronunciation. Common pronunciations in the United Kingdom include / l ɒ s ˈ æ n dʒ ɪ l iː z , - l ɪ z , - l ɪ s / loss AN -jil-eez, -iz, -iss . Phonetician Jack Windsor Lewis described
4680-552: The 1990s, the African Burying Ground was discovered; the cemetery included 10,000 to 20,000 graves of colonial-era Africans, some enslaved and some free. The 1735 trial and acquittal in Manhattan of John Peter Zenger , who had been accused of seditious libel after criticizing colonial governor William Cosby , helped to establish freedom of the press in North America . In 1754, Columbia University
4800-538: The 19th century, the city was transformed by both commercial and residential development relating to its status as a national and international trading center , as well as by European immigration, respectively. The city adopted the Commissioners' Plan of 1811 , which expanded the city street grid to encompass almost all of Manhattan. The 1825 completion of the Erie Canal through central New York connected
4920-507: The 20th century, Los Angeles substantially reduced the amount of housing that could be built by drastically downzoning the city. In 1960, the city had a total zoned capacity for approximately 10 million people. By 1990, that capacity had fallen to 4.5 million as a result of policy decisions to ban housing through zoning. Racial tensions led to the Watts riots in 1965, resulting in 34 deaths and over 1,000 injuries. In 1969, California became
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5040-700: The British occupation began, the Great Fire of New York destroyed nearly 500 buildings, about a quarter of the structures in the city, including Trinity Church . In January 1785, the assembly of the Congress of the Confederation made New York City the national capital. New York was the last capital of the U.S. under the Articles of Confederation and the first capital under the Constitution of
5160-530: The Bronx , and Staten Island . Anchored by Wall Street in the Financial District, Manhattan , New York City has been called both the world's premier financial and fintech center and the most economically powerful city in the world. As of 2022 , the New York metropolitan area is the largest metropolitan economy in the world , with a gross metropolitan product of over US$ 2.16 trillion. If
5280-431: The City of Los Angeles from selling or providing water from the aqueduct to any area outside its borders, many adjacent cities and communities felt compelled to join Los Angeles. Los Angeles created the first municipal zoning ordinance in the United States. On September 14, 1908, the Los Angeles City Council promulgated residential and industrial land use zones. The new ordinance established three residential zones of
5400-399: The County of New York (which then included parts of the Bronx), the County of Richmond, and the western portion of the County of Queens. The opening of the New York City Subway in 1904, first built as separate private systems, helped bind the new city together. Throughout the first half of the 20th century, the city became a world center for industry, commerce, and communication. In 1904,
5520-459: The Dutch West India Company relinquished its monopoly over the fur trade, leading to growth in the production and trade of food, timber, tobacco, and slaves (particularly with the Dutch West Indies ). In 1647, Peter Stuyvesant began his tenure as the last Director-General of New Netherland. During his tenure, the population of New Netherland grew from 2,000 to 8,000. Stuyvesant has been credited with improving law and order; however, he earned
5640-413: The Dutch colonial Director-General Peter Minuit , as charged by the Dutch West India Company , purchased the island of Manhattan from the Canarsie , a small Lenape band, for "the value of 60 guilders " (about $ 900 in 2018). A frequently told but disproved legend claims that Manhattan was purchased for $ 24 worth of glass beads. Following the purchase, New Amsterdam grew slowly. To attract settlers,
5760-478: The Dutch instituted the patroon system in 1628, whereby wealthy Dutchmen ( patroons , or patrons) who brought 50 colonists to New Netherland would be awarded land, local political autonomy, and rights to participate in the lucrative fur trade. This program had little success. Since 1621, the Dutch West India Company had operated as a monopoly in New Netherland, on authority granted by the Dutch States General . In 1639–1640, in an effort to bolster economic growth,
5880-563: The Los Angeles area include the 1933 Long Beach , 1971 San Fernando , 1987 Whittier Narrows , and the 1994 Northridge events. All but a few are of low intensity and are not felt. The USGS has released the UCERF California earthquake forecast , which models earthquake occurrence in California. Parts of the city are also vulnerable to tsunamis ; harbor areas were damaged by waves from Aleutian Islands earthquake in 1946, Valdivia earthquake in 1960, Alaska earthquake in 1964, Chile earthquake in 2010 and Japan earthquake in 2011. The city
6000-449: The Los Angeles area was the headquarters of six of the country's major aircraft manufacturers ( Douglas Aircraft Company , Hughes Aircraft , Lockheed , North American Aviation , Northrop Corporation , and Vultee ). During the war, more aircraft were produced in one year than in all the pre-war years since the Wright brothers flew the first airplane in 1903, combined. Manufacturing in Los Angeles skyrocketed, and as William S. Knudsen , of
6120-610: The Los Angeles/Long Beach port complex, Los Angeles suffers from air pollution in the form of smog. The Los Angeles Basin and the San Fernando Valley are susceptible to atmospheric inversion , which holds in the exhausts from road vehicles, airplanes, locomotives, shipping, manufacturing, and other sources. The smog season lasts from approximately May to October. While other large cities rely on rain to clear smog, Los Angeles gets only 15 inches (380 mm) of rain each year: pollution accumulates over many consecutive days. Issues of air quality in Los Angeles and other major cities led to
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#17327919200536240-434: The Mexican or ( New Spain ) settlers were mestizo or mulatto , a mixture of African, indigenous and European ancestry. The settlement remained a small ranch town for decades, but by 1820, the population had increased to about 650 residents. Today, the pueblo is commemorated in the historic district of Los Angeles Pueblo Plaza and Olvera Street , the oldest part of Los Angeles. New Spain achieved its independence from
6360-430: The National Defense Advisory Commission put it, "We won because we smothered the enemy in an avalanche of production, the like of which he had never seen, nor dreamed possible." After the end of World War II Los Angeles grew more rapidly than ever, sprawling into the San Fernando Valley . The expansion of the state owned Interstate Highway System during the 1950s and 1960s helped propel suburban growth and signaled
6480-420: The Native Americans and epidemics brought on by contact with the Europeans caused sizeable population losses for the Lenape between 1660 and 1670. By 1700, the Lenape population had diminished to 200. New York experienced several yellow fever epidemics in the 18th century, losing ten percent of its population in 1702 alone. In the early 18th century, New York grew in importance as a trading port while as
6600-405: The New York metropolitan area were its own country , it would have the tenth-largest economy in the world . Despite having a 24/7 rapid transit system , New York also leads the world in urban automobile traffic congestion . The city is home to the world's two largest stock exchanges by market capitalization of their listed companies: the New York Stock Exchange and Nasdaq . New York City
6720-437: The Queen of the Angels'. The original name of the settlement is disputed; the Guinness Book of World Records rendered it as "El Pueblo de Nuestra Señora la Reina de los Ángeles del Río Porciúncula "; other sources have shortened or alternate versions of the longer name. The local English pronunciation of the name of the city has varied over time. A 1953 article in the journal of the American Name Society asserts that
6840-578: The Revolutionary War and escaped slaves, a significant free-Black population gradually developed in Manhattan. The New York Manumission Society worked for abolition and established the African Free School to educate Black children. It was not until 1827 that slavery was completely abolished in the state . Free Blacks struggled with discrimination and interracial abolitionist activism continued. New York City's population jumped from 123,706 in 1820 (10,886 of whom were Black and of which 518 were enslaved) to 312,710 by 1840 (16,358 of whom were Black). Also in
6960-404: The San Fernando Valley. Other hilly parts of Los Angeles include the Mt. Washington area north of Downtown, eastern parts such as Boyle Heights , the Crenshaw district around the Baldwin Hills , and the San Pedro district. Surrounding the city are much higher mountains. Immediately to the north lie the San Gabriel Mountains , which is a popular recreation area for Angelenos. Its high point
7080-455: The Southern Californian coast, is subject to a late spring/early summer weather phenomenon called " June Gloom ". This involves overcast or foggy skies in the morning that yield to sun by early afternoon. More recently, statewide droughts in California have further strained the city's water security . Downtown Los Angeles averages 14.67 in (373 mm) of precipitation annually, mainly occurring between November and March, generally in
7200-411: The Spanish Empire in 1821, and the pueblo now existed within the new Mexican Republic . During Mexican rule, Governor Pío Pico made Los Angeles the regional capital of Alta California . By this time, the new republic introduced more secularization acts within the Los Angeles region. In 1846, during the wider Mexican-American war , marines from the United States occupied the pueblo. This resulted in
7320-415: The United States . As the U.S. capital, New York City hosted the inauguration of the first President, George Washington , and the first Congress , at Federal Hall on Wall Street . Congress drafted the Bill of Rights there. The Supreme Court held its first organizational sessions in New York in 1790. In 1790, for the first time, New York City surpassed Philadelphia as the nation's largest city. At
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#17327919200537440-432: The area for France and named it Nouvelle Angoulême (New Angoulême ). A Spanish expedition, led by the Portuguese captain Estêvão Gomes sailing for Emperor Charles V , arrived in New York Harbor in January 1525 and charted the mouth of the Hudson River , which he named Río de San Antonio ('Saint Anthony's River'). In 1609, the English explorer Henry Hudson rediscovered New York Harbor while searching for
7560-493: The beginning of the 1990s. By the mid-1990s, crime rates started to drop dramatically due to revised police strategies, improving economic opportunities, gentrification , and new residents, both American transplants and new immigrants from Asia and Latin America. New York City's population exceeded 8 million for the first time in the 2000 United States census ; further records were set in 2010 , and 2020 U.S. censuses. Important new sectors, such as Silicon Alley , emerged in
7680-438: The birthplace of the Internet, as the first ARPANET transmission was sent from the University of California, Los Angeles (UCLA) to the Stanford Research Institute in Menlo Park . In 1973, Tom Bradley was elected as the city's first African American mayor, serving for five terms until retiring in 1993. Other events in the city during the 1970s included the Symbionese Liberation Army 's South Central standoff in 1974 and
7800-499: The boundary between the Pacific Plate and the North American Plate , passes through the Los Angeles metropolitan area. The segment of the fault passing through Southern California experiences a major earthquake roughly every 110 to 140 years, and seismologists have warned about the next "big one", as the last major earthquake was the 1857 Fort Tejon earthquake . The Los Angeles basin and metropolitan area are also at risk from blind thrust earthquakes . Major earthquakes that have hit
7920-428: The boundary of a Mediterranean climate ( Köppen : Csb on the coast, Csa otherwise). Daytime temperatures are generally temperate all year round. In winter, they average around 68 °F (20 °C). Autumn months tend to be hot, with major heat waves a common occurrence in September and October, while the spring months tend to be cooler and experience more precipitation. Los Angeles has plenty of sunshine throughout
8040-534: The business elite lobbied for the establishment of Central Park , which in 1857 became the first landscaped park in an American city. The Great Irish Famine brought a large influx of Irish immigrants, of whom more than 200,000 were living in New York by 1860, representing over a quarter of the city's population. Extensive immigration from the German provinces meant that Germans comprised another 25% of New York's population by 1860. Democratic Party candidates were consistently elected to local office, increasing
8160-404: The city as the most polluted in the country with short-term particle pollution and year-round particle pollution. In 2008, the city was ranked the second most polluted and again had the highest year-round particulate pollution. The city met its goal of providing 20 percent of the city's power from renewable sources in 2010. The American Lung Association's 2013 survey ranks the metro area as having
8280-510: The city from New Jersey. The East River—a tidal strait —flows from Long Island Sound and separates the Bronx and Manhattan from Long Island. The Harlem River , another tidal strait between the East and Hudson rivers, separates most of Manhattan from the Bronx. The Bronx River , which flows through the Bronx and Westchester County , is the only entirely freshwater river in the city. The city's land has been altered substantially by human intervention, with considerable land reclamation along
8400-403: The city is 342 miles (550 km). Los Angeles is both flat and hilly. The highest point in the city proper is Mount Lukens at 5,074 ft (1,547 m), located in the foothills of the San Gabriel Mountains at the north extent of the Crescenta Valley . The eastern end of the Santa Monica Mountains stretches from Downtown to the Pacific Ocean and separates the Los Angeles Basin from
8520-425: The city is the most densely populated major city in the United States. New York City has more than double the population of Los Angeles , the nation's second-most populous city. With more than 20.1 million people in its metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, New York City is one of the world's most populous megacities . The city and its metropolitan area are
8640-459: The city limits as of 2023 , it is the second-most populous city in the United States, behind only New York City ; it is also the commercial, financial and cultural center of Southern California . Los Angeles has an ethnically and culturally diverse population, and is the principal city of a metropolitan area of 12.8 million people (2023). Greater Los Angeles , which includes the Los Angeles and Riverside–San Bernardino metropolitan areas,
8760-439: The city rapidly replaced Wuhan , China as the global epicenter of the pandemic during the early phase, straining the city's healthcare infrastructure. Through March 2023, New York City recorded more than 80,000 deaths from COVID-19-related complications. New York City is situated in the northeastern United States , in southeastern New York State, approximately halfway between Washington, D.C. and Boston . Its location at
8880-632: The city's economy. The advent of Y2K was celebrated with fanfare in Times Square . New York City suffered the bulk of the economic damage and largest loss of human life in the aftermath of the September 11, 2001, attacks . Two of the four airliners hijacked that day were flown into the twin towers of the World Trade Center, resulting in the collapse of both buildings and the deaths of 2,753 people, including 343 first responders from
9000-794: The city's ties to the South and its dominant party. In 1861, Mayor Fernando Wood called on the aldermen to declare independence from Albany and the United States after the South seceded, but his proposal was not acted on. Anger at new military conscription laws during the American Civil War (1861–1865), which spared wealthier men who could afford to hire a substitute, led to the Draft Riots of 1863 , whose most visible participants were ethnic Irish working class. The draft riots deteriorated into attacks on New York's elite, followed by attacks on Black New Yorkers after fierce competition for
9120-504: The city, causing $ 12.5 billion in damage and 72 deaths. The century ended with the Rampart scandal , one of the most extensive documented cases of police misconduct in American history. In 2002, Mayor James Hahn led the campaign against secession, resulting in voters defeating efforts by the San Fernando Valley and Hollywood to secede from the city. In 2022 , Karen Bass became the city's first female mayor , making Los Angeles
9240-497: The city. However, between 1908 and 1915, the Los Angeles City Council created various exceptions to the broad proscriptions that applied to these three residential zones, and as a consequence, some industrial uses emerged within them. There are two differences between the 1908 Residence District Ordinance and later zoning laws in the United States. First, the 1908 laws did not establish a comprehensive zoning map as
9360-636: The colony and allowed for religious freedom. In 1667, during negotiations leading to the Treaty of Breda after the Second Anglo-Dutch War , the victorious Dutch decided to keep the nascent plantation colony of what is now Suriname , which they had gained from the English, and in return the English kept New Amsterdam. The settlement was promptly renamed "New York" after the Duke of York (the future King James II and VII). The duke gave part of
9480-622: The colony to proprietors George Carteret and John Berkeley . On August 24, 1673, during the Third Anglo-Dutch War , Anthony Colve of the Dutch navy seized New York at the behest of Cornelis Evertsen the Youngest and rechristened it "New Orange" after William III , the Prince of Orange . The Dutch soon returned the island to England under the Treaty of Westminster of November 1674. Several intertribal wars among
9600-409: The country's largest oil producer, accounting for about one-quarter of the world's petroleum output. By 1900, the population had grown to more than 102,000, putting pressure on the city's water supply . The completion of the Los Angeles Aqueduct in 1913, under the supervision of William Mulholland , ensured the continued growth of the city. Because of clauses in the city's charter that prevented
9720-477: The demise of the city's privately owned electrified rail system , once the world's largest. As a consequence of World War II, suburban growth, and population density, many amusement parks were built and operated in this area. An example is Beverly Park , which was located at the corner of Beverly Boulevard and La Cienega before being closed and substituted by the Beverly Center . In the second half of
9840-417: The development of large housing tracts in eastern Queens and Nassau County , with Wall Street leading America's place as the world's dominant economic power. The United Nations headquarters was completed in 1952, solidifying New York's global geopolitical influence, and the rise of abstract expressionism in the city precipitated New York's displacement of Paris as the center of the art world. In 1969,
9960-562: The difference between the average daily low and the average daily high is over 30 °F (17 °C). The average annual temperature of the sea is 63 °F (17 °C), from 58 °F (14 °C) in January to 68 °F (20 °C) in August. Hours of sunshine total more than 3,000 per year, from an average of 7 hours of sunshine per day in December to an average of 12 in July. Due to
10080-406: The end of 1790, the national capital was moved to Philadelphia . During the 19th century, New York City's population grew from 60,000 to 3.43 million. Under New York State's gradual emancipation act of 1799, children of slave mothers were to be eventually liberated but to be held in indentured servitude until their mid-to-late twenties. Together with slaves freed by their masters after
10200-524: The era of Spanish colonization). The historic center of Tongva power in the region was the settlement of Yaanga ( Tongva : Iyáangẚ ), meaning "place of the poison oak ", which would one day be the site where the Spanish founded the Pueblo de Los Ángeles . Iyáangẚ has also been translated as "the valley of smoke". Maritime explorer Juan Rodríguez Cabrillo claimed the area of southern California for
10320-407: The form of moderate rain showers, but sometimes as heavy rainfall during winter storms. Rainfall is usually higher in the hills and coastal slopes of the mountains because of orographic uplift. Summer days are usually rainless. Rarely, an incursion of moist air from the south or east can bring brief thunderstorms in late summer, especially to the mountains. The coast gets slightly less rainfall, while
10440-457: The founding of a Dutch fur trading settlement on Governors Island . In 1625, construction was started on a citadel and Fort Amsterdam , later called Nieuw Amsterdam (New Amsterdam), on present-day Manhattan Island. The colony of New Amsterdam extended from the southern tip of Manhattan to modern-day Wall Street , where a 12-foot (3.7 m) wooden stockade was built in 1653 to protect against Native American and English raids. In 1626,
10560-473: The ice (and its subsequent retreat) contributed to the separation of what is now Long Island and Staten Island. That action left bedrock at a relatively shallow depth, providing a solid foundation for most of Manhattan's skyscrapers. The Hudson River flows through the Hudson Valley into New York Bay . Between New York City and Troy, New York , the river is an estuary . The Hudson River separates
10680-565: The industry kept the city insulated from much of the economic loss suffered by the rest of the country during the Great Depression . By 1930, the population surpassed one million. In 1932, the city hosted the Summer Olympics . During World War II Los Angeles was a major center of wartime manufacturing, such as shipbuilding and aircraft. Calship built hundreds of Liberty Ships and Victory Ships on Terminal Island, and
10800-521: The inland and mountain areas get considerably more. Years of average rainfall are rare. The usual pattern is a year-to-year variability, with a short string of dry years of 5–10 in (130–250 mm) rainfall, followed by one or two wet years with more than 20 in (510 mm). Wet years are usually associated with warm water El Niño conditions in the Pacific, dry years with cooler water La Niña episodes. A series of rainy days can bring floods to
10920-575: The largest U.S. city to have ever had a woman as mayor. Los Angeles will host the 2028 Summer Olympics and Paralympic Games , making Los Angeles the third city to host the Olympics three times. The city of Los Angeles covers a total area of 502.7 square miles (1,302 km ), comprising 468.7 square miles (1,214 km ) of land and 34.0 square miles (88 km ) of water. The city extends for 44 miles (71 km) from north to south and for 29 miles (47 km) from east to west. The perimeter of
11040-554: The last American stronghold in Manhattan, causing George Washington and his forces to retreat across the Hudson River to New Jersey , pursued by British forces. After the battle, in which the Americans were defeated, the British made the city their military and political base of operations in North America. The city was a haven for Loyalist refugees and escaped slaves who joined the British lines for freedom promised by
11160-490: The lowest is 28 °F (−2 °C), on January 4, 1949. Within the City of Los Angeles, the highest temperature ever officially recorded is 121 °F (49 °C), on September 6, 2020, at the weather station at Pierce College in the San Fernando Valley neighborhood of Woodland Hills . During autumn and winter, Santa Ana winds sometimes bring much warmer and drier conditions to Los Angeles, and raise wildfire risk. Owing to geography, heavy reliance on automobiles, and
11280-505: The lowlands and mudslides to the hills, especially after wildfires have denuded the slopes. Both freezing temperatures and snowfall are extremely rare in the city basin and along the coast, with the last occurrence of a 32 °F (0 °C) reading at the downtown station being January 29, 1979; freezing temperatures occur nearly every year in valley locations while the mountains within city limits typically receive snowfall every winter. The greatest snowfall recorded in downtown Los Angeles
11400-530: The most common one, / l ɒ s ˈ æ n dʒ ɪ l iː z / , as a spelling pronunciation based on analogy to Greek words ending in -es , "reflecting a time when the classics were familiar if Spanish was not". The settlement of Indigenous Californians in the modern Los Angeles Basin and the San Fernando Valley was dominated by the Tongva (now also known as the Gabrieleño since
11520-419: The most populous urbanized area in the world in the early 1920s, overtaking London . The metropolitan area surpassed 10 million in the early 1930s, becoming the first megacity . The Great Depression saw the election of reformer Fiorello La Guardia as mayor and the fall of Tammany Hall after eighty years of political dominance. Returning World War II veterans created a post-war economic boom and
11640-546: The mountainous terrain of the surrounding region, the Los Angeles area contains a large number of distinct microclimates , causing extreme variations in temperature in close physical proximity to each other. For example, the average July maximum temperature at the Santa Monica Pier is 70 °F (21 °C) whereas it is 95 °F (35 °C) in Canoga Park, 15 miles (24 km) away. The city, like much of
11760-616: The mouth of the Hudson River , which feeds into a naturally sheltered harbor and then into the Atlantic Ocean , has helped the city grow in significance as a trading port. Most of the city is built on the three islands of Long Island, Manhattan, and Staten Island. During the Wisconsin glaciation , 75,000 to 11,000 years ago, the New York City area was situated at the edge of a large ice sheet . The erosive forward movement of
11880-483: The name's pronunciation with a hard g ( / ɡ / ), reported that there were at least 12 pronunciation variants. In the early 1900s, the Los Angeles Times advocated for pronouncing it Loce AHNG-hayl-ais ( / l oʊ s ˈ ɑː ŋ h eɪ l eɪ s / ), approximating Spanish [los ˈaŋxeles] , by printing the respelling under its masthead for several years. This did not find favor. Since
12000-496: The only " transgender folks around" during the June 1969 Stonewall riots. The transgender community in New York City played a significant role in fighting for LGBT equality. In the 1970s, job losses due to industrial restructuring caused New York City to suffer from economic problems and rising crime rates. Growing fiscal deficits in 1975 led the city to appeal to the federal government for financial aid; President Gerald Ford gave
12120-514: The passage of early national environmental legislation, including the Clean Air Act . When the act was passed, California was unable to create a State Implementation Plan that would enable it to meet the new air quality standards, largely because of the level of pollution in Los Angeles generated by older vehicles. More recently, the state of California has led the nation in working to limit pollution by mandating low-emission vehicles . Smog
12240-482: The premier gateway for legal immigration to the United States . As many as 800 languages are spoken in New York City, making it the most linguistically diverse city in the world. In 2021, the city was home to nearly 3.1 million residents born outside the U.S., the largest foreign-born population of any city in the world. New York City traces its origins to Fort Amsterdam and a trading post founded on Manhattan Island by Dutch colonists around 1624. The settlement
12360-482: The pronunciation / l ɔː s ˈ æ n dʒ əl ə s / lawss AN -jəl-əs was established following the 1850 incorporation of the city and that since the 1880s the pronunciation / l oʊ s ˈ æ ŋ ɡ əl ə s / lohss ANG -gəl-əs emerged from a trend in California to give places Spanish, or Spanish-sounding, names and pronunciations. In 1908, librarian Charles Fletcher Lummis , who argued for
12480-563: The rest of the surrounding landscape. Most construction is done in separate units, rather than wall-to-wall . However, Downtown Los Angeles itself has many buildings over 30 stories, with fourteen over 50 stories, and two over 70 stories, the tallest of which is the Wilshire Grand Center . Los Angeles has a two-season semi-arid climate ( Köppen : BSh ) with dry summers and very mild winters, but it receives more annual precipitation than most semi-arid climates, narrowly missing
12600-650: The village of Yaanga . It became a part of the First Mexican Empire in 1821 following the Mexican War of Independence . In 1848, at the end of the Mexican–American War , Los Angeles and the rest of California were purchased as part of the Treaty of Guadalupe Hidalgo and became part of the United States. Los Angeles was incorporated as a municipality on April 4, 1850, five months before California achieved statehood . The discovery of oil in
12720-529: The world by pinnacle height, with its spire reaching a symbolic 1,776 feet (541.3 m), a reference to the year of U.S. independence . The Occupy Wall Street protests in Zuccotti Park in the Financial District of Lower Manhattan began on September 17, 2011, receiving global attention and popularizing the Occupy movement against social and economic inequality worldwide. New York City
12840-512: The world's largest by revenue; the city is an important site in the history of film . It also has one of the busiest container ports in the Americas. In 2018, the Los Angeles metropolitan area had a gross metropolitan product of over $ 1.0 trillion, making it the city with the third-largest GDP in the world, after New York and Tokyo . Los Angeles hosted the Summer Olympics in 1932 and 1984 , and will also host in 2028 . Despite
12960-513: The world. In 1664, New York was named in honor of the Duke of York (later King James II of England ). James's elder brother, King Charles II , appointed the Duke as proprietor of the former territory of New Netherland , including the city of New Amsterdam , when the Kingdom of England seized it from Dutch control. In the pre-Columbian era , the area of present-day New York City
13080-635: The worst rush hour periods in the world, according to an annual traffic index by navigation system maker, TomTom . LA drivers spend an additional 92 hours in traffic each year. During the peak rush hour, there is 80% congestion, according to the index. Los Angeles is often characterized by the presence of low-rise buildings, in contrast to New York City. Outside of a few centers such as Downtown , Warner Center , Century City , Koreatown , Miracle Mile , Hollywood, and Westwood , skyscrapers and high-rise buildings are not common in Los Angeles. The few skyscrapers built outside of those areas often stand out above
13200-639: The year, with an average of only 35 days with measurable precipitation annually. Temperatures in the coastal basin exceed 90 °F (32 °C) on a dozen or so days in the year, from one day a month in April, May, June and November to three days a month in July, August, October and to five days in September. Temperatures in the San Fernando and San Gabriel Valleys are considerably warmer. Temperatures are subject to substantial daily swings; in inland areas
13320-422: Was Juan Rodriguez , a merchant from Santo Domingo who arrived in Manhattan during the winter of 1613–14, trapping for pelts and trading with the local population as a representative of the Dutch colonists. A permanent European presence near New York Harbor was established in 1624, making New York the 12th-oldest continuously occupied European-established settlement in the continental United States , with
13440-566: Was heavily affected by Hurricane Sandy in late October 2012. Sandy's impacts included flooding that led to the days-long shutdown of the subway system and flooding of all East River subway tunnels and of all road tunnels entering Manhattan except the Lincoln Tunnel . The New York Stock Exchange closed for two days due to weather for the first time since the Great Blizzard of 1888 . At least 43 people died in New York City as
13560-502: Was 2.0 inches (5 cm) on January 15, 1932. While the most recent snowfall occurred in February 2019, the first snowfall since 1962, with snow falling in areas adjacent to Los Angeles as recently as January 2021. Brief, localized instances of hail can occur on rare occasions, but are more common than snowfall. At the official downtown station, the highest recorded temperature is 113 °F (45 °C) on September 27, 2010, while
13680-539: Was a prime destination in the early 20th century for Blacks during the Great Migration from the American South, and by 1916, New York City had the largest urban African diaspora in North America. The Harlem Renaissance of literary and cultural life flourished during the era of Prohibition . The larger economic boom generated construction of skyscrapers competing in height. New York City became
13800-502: Was formalized in the Treaty of Guadalupe Hidalgo in 1848, which ceded Los Angeles and the rest of Alta California to the United States. Railroads arrived with the completion of the transcontinental Southern Pacific line from New Orleans to Los Angeles in 1876 and the Santa Fe Railroad in 1885. Petroleum was discovered in the city and surrounding area in 1892, and by 1923, the discoveries had helped California become
13920-809: Was founded. The Stamp Act Congress met in New York in October 1765, as the Sons of Liberty organization emerged in the city and skirmished over the next ten years with British troops stationed there. The Battle of Long Island , the largest battle of the American Revolutionary War , was fought in August 1776 within modern-day Brooklyn. A British rout of the Continental Army at the Battle of Fort Washington in November 1776 eliminated
14040-534: Was inhabited by Algonquians , including the Lenape . Their homeland, known as Lenapehoking , included the present-day areas of Staten Island , Manhattan , the Bronx , the western portion of Long Island (including Brooklyn and Queens ), and the Lower Hudson Valley . The first documented visit into New York Harbor by a European was in 1524 by explorer Giovanni da Verrazzano . He claimed
14160-468: Was named New Amsterdam in 1626 and was chartered as a city in 1653. The city came under English control in 1664 and was temporarily renamed New York after King Charles II granted the lands to his brother, the Duke of York , before being permanently renamed New York in November 1674. New York City was the U.S. capital from 1785 until 1790. The modern city was formed by the 1898 consolidation of its five boroughs : Manhattan , Brooklyn , Queens ,
14280-461: Was reorganized as a Delaware limited partnership. In August 2008, the firm relocated its headquarters to One Bryant Park , the world's most environmentally responsible high-rise office building and the first building of its size to achieve a top ranked Platinum Leadership in Energy and Environmental Design (LEED) certification from U.S. Green Building Council (USGBC). On July 8, 2009, Marathon
14400-505: Was selected by the U.S. Department of the Treasury to serve as one of eight firms to manage the Legacy Securities Public Private Investment Program ( PPIP ) Fund. Marathon Asset Management was one of the companies accused of threatening to block the European attempt to save Greece from defaulting unless they are guaranteed a significant payout. In June 2016, Blackstone Strategic Capital Holdings, part of The Blackstone Group , acquired
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