company town

In China’s New York, Twin Towers Still Standing

• China’s World Park, built in 1993, contains replicas of major cities around the world. New York is represented complete with the Empire State Building and…the Twin Towers, still. And at least one person is mad. [Curbed]
• Not all bankers are feeling the strain of the economy: A UBS banker bought a Park Avenue duplex for $20 million. [Real Deal]
• Why do so many skyscrapers around the city have similar-sounding names? Because, builders say, there are only so many ways to describe a glass box. [NYT]

• Warren Buffett just keeps giving money away like it grows on trees: The oracle of Omaha doled out $2.05 billion in stock to charities. [CNN]
• New lending rules to be announced by Bernanke next week. [DealBook/NYT]
• Here’s a reason not to go bottom-fishing: Warburg Pincus made an $800 million investment in MBIA, but now the firm is taking a $215 million write-down on its stake. [NYP]

• Condé Nast pulled the plug on Golf Digest for Women, not necessarily because of the bottom line: The magazine’s editor-in-chief, Susan Reed, was tapped for the O: The Oprah Magazine head-editor job, so the brass at 4 Times Square decided that, rather than replace her, they might as well fold the publication. [Mixed Media/Portfolio]
• Fashion photographer Mario Testino spills the beans on the concept for Vogue magazine’s September issue. Spoilers! [WWD]
• A Folio writer wonders whether the large amount of real estate that Time gives humorist Joel Stein hints that there’s a judgment problem at the magazine. [Folio]

• A former Skadden lawyer who was fired in 2005 for alleged inappropriate charging of clients is firing back: She filed a suit against the firm, saying that her car-service use was no different from that of other lawyers at the firm, but that Skadden was looking for a reason to replace her with a much younger man who fit the firm’s “macho” image. [WSJ]
• A complaint filed in New York State Court alleges that the former head of intellectual property at Kasowitz, Benson, Torres & Friedman sexually harassed at least twelve female employees — seven of them in one night. []
• There is a strategy when it comes to picking your law-firm friends. []

In China’s New York, Twin Towers Still Standing