Plans Underway For A New World's Tallest Building

Building the world's tallest buildings almost always correlates with economies entering a downturn.
April 15, 2005, 2pm PDT | Abhijeet Chavan
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"New York completed the Singer Building in 1908 and the Metropolitan Life Building in 1909, when the panic of 1907 was already under way. Later, the race between 40 Wall Tower (1929), the Chrysler Building (1930) and the Empire State Building (1931) coincided with the Great Depression. Elmer Davis wrote in 1932 that the cloud-piercing towers leaping skyward were inspiring for everybody except those unfortunate enough to own them." With approval for buiding India's 710 meter tower is India's economy next?

Thanks to John Koch-Schulte

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Published on Thursday, April 14, 2005 in International Herald Tribune
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