Nearly three years after the Sept. 11, 2001 terror attacks, New York was scheduled to begin construction yesterday of a tower that will be the centerpiece of the new World Trade Center.
A 18-tonne granite slab that arrived at New York City's "ground zero" on Thursday will be the cornerstone of the rebuilt center.
Laying the cornerstone of the Freedom Tower will mark the start of construction expected to cost about US$1.5 billion.
PHOTO: NY TIMES NEWS SERVICE
The tower will reach 541m when it is completed in 2009.
The slab was scheduled to be put in place yesterday at a ceremony presided over by New York Governor George Pataki and Mayor Michael Bloomberg.
Freedom Tower, the centerpiece of the new World Trade Center, is expected to top Kuala Lumpur's Petronas Towers at 452m and Taipei's 101 Tower at 508m.
The reconstruction will include a permanent memorial to the more than 2,700 people who died at the site.
But no one -- not the governor, the mayor, the developer, the bureaucrats, the planners, and certainly not the reporters -- can say for certain how much of the current vision for the new center will be realized.
Pataki has gone to great lengths to identify himself personally with the rebuilding of the trade center, while Bloomberg's administration has kept itself at some distance.
LarrySilverstein of Silverstein Properties controls the development rights to all the office buildings on the site. But after losing several rounds in a legal battle with his insurers, he lacks the insurance proceeds to pay for much more than the construction of the Freedom Tower.
People can preregister to receive their NT$10,000 (US$325) cash distributed from the central government on Nov. 5 after President William Lai (賴清德) yesterday signed the Special Budget for Strengthening Economic, Social and National Security Resilience, the Executive Yuan told a news conference last night. The special budget, passed by the Legislative Yuan on Friday last week with a cash handout budget of NT$236 billion, was officially submitted to the Executive Yuan and the Presidential Office yesterday afternoon. People can register through the official Web site at https://10000.gov.tw to have the funds deposited into their bank accounts, withdraw the funds at automated teller
PEACE AND STABILITY: Maintaining the cross-strait ‘status quo’ has long been the government’s position, the Ministry of Foreign Affairs said Taiwan is committed to maintaining the cross-strait “status quo” and seeks no escalation of tensions, the Ministry of Foreign Affairs (MOFA) said yesterday, rebutting a Time magazine opinion piece that described President William Lai (賴清德) as a “reckless leader.” The article, titled “The US Must Beware of Taiwan’s Reckless Leader,” was written by Lyle Goldstein, director of the Asia Program at the Washington-based Defense Priorities think tank. Goldstein wrote that Taiwan is “the world’s most dangerous flashpoint” amid ongoing conflicts in the Middle East and Russia’s invasion of Ukraine. He said that the situation in the Taiwan Strait has become less stable
CONCESSION: A Shin Kong official said that the firm was ‘willing to contribute’ to the nation, as the move would enable Nvidia Crop to build its headquarters in Taiwan Shin Kong Life Insurance Co (新光人壽) yesterday said it would relinquish land-use rights, or known as surface rights, for two plots in Taipei’s Beitou District (北投), paving the way for Nvidia Corp to expand its office footprint in Taiwan. The insurer said it made the decision “in the interest of the nation’s greater good” and would not seek compensation from taxpayers for potential future losses, calling the move a gesture to resolve a months-long impasse among the insurer, the Taipei City Government and the US chip giant. “The decision was made on the condition that the Taipei City Government reimburses the related
FRESH LOOK: A committee would gather expert and public input on the themes and visual motifs that would appear on the notes, the central bank governor said The central bank has launched a comprehensive redesign of New Taiwan dollar banknotes to enhance anti-counterfeiting measures, improve accessibility and align the bills with global sustainability standards, Governor Yang Chin-long (楊金龍) told a meeting of the legislature’s Finance Committee yesterday. The overhaul would affect all five denominations — NT$100, NT$200, NT$500, NT$1,000 and NT$2,000 notes — but not coins, Yang said. It would be the first major update to the banknotes in 24 years, as the current series, introduced in 2001, has remained in circulation amid rapid advances in printing technology and security standards. “Updating the notes is essential to safeguard the integrity
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