Wall Street was abuzz last week with talk not of the market volatility invoked by Iraq's Middle East hostilities but of the biggest power failure to hit Downtown Manhattan since 1977. The electricity outage, caused by a fire at a Consolidated Edison substation, was indiscriminate in its effects: exchanges, firms and market data vendors were hit, but not all of them.
The outage began at 1:13 p.m., New York time, on Monday, Aug. 13. A fire at Con Ed's Seaport substation at about 11 a.m. resulte
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails