The most visible manifestation yet of the billion-dollar transformation taking place at the City University of New York might also be the most unassuming: a so-called science cafe series in a Japanese restaurant on the Upper West Side.
Under a billion-dollar transformation spearheaded by the Intrawest Corporation, a resort development company in Vancouver, British Columbia, that runs 10 ski resorts, Mammoth Lakes -- the town -- is weaning itself from its traditional core.
These include the legalisation of the US dollar, the transformation of many state farms into semi-autonomous co-operatives, and the legalisation of limited individual private enterprise.
"We see Big Data as the same rich and long-term opportunity that 'IT' was broadly in the 1970s and early 1980s when great VC funds (e.g, KPCB, Sequoia) developed their core IT investment practices," Ocko tells me, "It's driving the same kind of multi-hundred-billion dollar economic transformation".
Computers "seeing" is a key ingredient in autonomous vehicles, a trillion-dollar market transformation coming soon (Cruise Automation saw it early).
The area has long taken advantage of its proximity to Canada, though the economic links have been strained by the decline of the Canadian dollar and the transformation of North America into one big free-trade zone.
Then he brought 18 Irish craftsmen over to do the million-dollar, 12-week transformation.
Morgan Stanley has hired hundreds of traders and poured millions of dollars into the transformation.
WHEN a local developer announced triumphantly that a new Wal-Mart would rise here on a sandy patch of earth along the Mississippi, it was presented as a good thing, a bit of progress that would bring in much-needed tax dollars and jobs and transformation where the rundown St. Thomas public-housing project once stood.
But the decline in interest rates from 1981 to 2003 occurred despite the transformation of the dollar, beginning Aug. 15, 1971, into nothing but a piece of paper (convertible into nothing but small change).
As a onetime warehouse on West 64th Street completes its transformation into million-dollar loft condominiums, a 30-story rental tower is rising next door on Broadway, directly facing Lincoln Center.
