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"In these markets, Europe has no chance of replacing New York, because that's where the new fortunes are to be found," said Gérard Champin, the auctioneer who now heads the Sales Council.
During recession and recovery, there is increased attention to those who are struggling; when the economy starts to grow again, news coverage shifts to those making and spending new fortunes.
[T]here has never been a period of wealth in New York like the one we are enjoying right now, though the new fortunes have not yet burst forth in comparable displays of conspicuous consumption.
New fortunes.
Lottery winners, for example, barely benefit from their new fortunes.
But new fortunes sought headlines in the media age.
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In his first thirteen years there, Howells produced three exceptional novels — "A Hazard of New Fortunes" (1890), "The World of Chance" (1893), and "Letters Home" (1903) — that depict a city of chance, fortune, disorder, chaos.
Howells began "A Hazard of New Fortunes" and poured into it his disillusionment and anger.
Chicago's leading businessmen erected it in 1889, while Harper's Weekly was serializing "A Hazard of New Fortunes".
As a distraction, I picked up a book I had packed for the journey, William Dean Howells's "A Hazard of New Fortunes".
It is at least a relief to discover that at the end of "A Hazard of New Fortunes" the Marches find a place to live for good.
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