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Billionaire Property Heir Has Big Bets on Troubled Hong Kong

(Bloomberg) — From building Hong Kong’s largest shopping mall to constructing a sprawling $3.9 billion sports center, Adrian Cheng has been one of the most aggressive property investors in town. It’s a costly expansion strategy that’s now poised to test one of the city’s oldest real-estate empires.

Cheng, 40, became chief executive officer of New World Development Co. in May, cementing his position after taking over from his father Henry a few years ago. But even as he ascended to the top, Cheng championed ambitious real-estate developments in the financial and tourism hub worth about $5 billion. Conceived on the assumption mainland Chinese visitors would continue to throng Hong Kong, they now mean the family is exposed to some of the city’s largest projects at a time when the coronavirus pandemic and political unrest is crippling its economy.

Few names are more synonymous with Hong Kong than the Chengs. New

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Notorious B.I.G crown fetches $600,000 at Sotheby’s first hip-hop auction

(Reuters) – The plastic gold colored crown that American rapper Notorious B.I.G wore on the last photo shoot before his death fetched $600,000 at the first-ever hip hop auction held by an international house, Sotheby’s said on Wednesday.

The auction was a celebration of the history and cultural impact hip-hop has had on art and culture from the late 1970s through mid-1990s, and up to the present, Sotheby’s said.

After highlighting sneakers and handbags in recent years, Sotheby’s in New York dedicated its September auction to hip-hop culture, featuring some 120 lots that included boomboxes, photos of Snoop Dogg and Louis Vuitton luggage.

The auction house has said it was the first auction staged by an international house anywhere devoted entirely to hip-hop.

The signed crown, which was just a plastic prop from a party shop, worn by the rapper in the 1997 “King of New York” photograph was offered

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As big leagues prepare to return amid pandemic, memories of when barrio baseball ruled East L.A.

Conrad Munatones goes through old photos at his home in San Dimas. He fondly remembers the days when baseball in the barrio "was quite a thing." <span class="copyright">(Wally Skalij / Los Angeles Times)</span>
Conrad Munatones goes through old photos at his home in San Dimas. He fondly remembers the days when baseball in the barrio “was quite a thing.” (Wally Skalij / Los Angeles Times)

The Dodgers were still in Brooklyn and Dwight D. Eisenhower was still in the White House the last time Southern California went this deep into the summer without a Major League Baseball game.

For Conrad Munatones, then a 20-year-old catcher from East Los Angeles, the big leagues were an East Coast thing, like Broadway plays or Philly cheesesteaks.

“When someone said the Brooklyn Dodgers, I thought that meant Brooklyn Avenue,” he remembered.

Two minor league teams played in Los Angeles, but to Munatones, baseball meant Sunday doubleheaders at Belvedere and Evergreen parks, where neighborhood legends made their names playing for teams like Eastside Beer, Ornelas Food Market and the Carmelita Chorizeros. The games drew hundreds of people to

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