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Still, at a time of crumbling infrastructure, rising unemployment, and universal demands for more public spending, what's wrong with that?
The story listed some of the city's innumerable ills: crumbling infrastructure, rising religious intolerance, the miserable state of its poor.
The world's cities face similar challenges: an ageing infrastructure, rising healthcare costs, increased congestion and global competition.
Pipelines, rail lines, highways, airports, an oil refinery and extra-deep berths for 21st-century supertankers are all in the blueprints, though it is hard to imagine such infrastructure rising up along this long-neglected stretch of the Kenyan coast, dotted by crumbling ruins and impenetrable mangrove swamps.
After a year of doom and gloom – in which the build-up was plagued with financial calamity, political upheaval, collapsing infrastructure, rising crime, and the Zika epidemic – the mood in the host city appeared to have been transformed overnight by Friday's successful opening ceremony and the start – finally – of the sport on Saturday morning.
In addition to the military issues, America is facing problems of crumbling infrastructure, rising energy costs and pollution along with a plethora of additional social issues -- not the least of which is poverty.
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Shares of Cheung Kong Holdings closed up 3.73 percent, Cheung Kong Infrastructure rose 2.99 percent and Power Assets climbed 2.96 percent.
Although the Treasury says that spending on national infrastructure rose by £4bn a year under the previous Labour government, to £33bn in the first two years of this parliament, much of that will have been driven by existing commitments made during the previous administration.
Despite investors' concerns about an unpredictable regulatory environment, a high level of corruption, inadequate infrastructure and rising labor costs, the money is gushing into Indonesia.
With investment in infrastructure now rising, Mr Vazirani has put money into companies such as Texmaco Rail & Engineering, the biggest manufacturer of train carriages.
For New York, many challenges brought about by climate change, growth, ageing infrastructure and rising inequality will be faced in the coming decades.
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Justyna Jupowicz-Kozak
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