Maryland is a state in the Mid-Atlantic region of the United States, bordering Virginia, West Virginia, the District of Columbia to its south and west. The state's largest city is Baltimore, its capital is Annapolis. Among its occasional nicknames are Old Line State, the Free State, the Chesapeake Bay State, it is named after the English queen Henrietta Maria, known in England as Queen Mary. Sixteen of Maryland's twenty-three counties border the tidal waters of the Chesapeake Bay estuary and its many tributaries, which combined total more than 4,000 miles of shoreline. Although one of the smallest states in the U. S. it features a variety of climates and topographical features that have earned it the moniker of America in Miniature. In a similar vein, Maryland's geography and history combines elements of the Mid-Atlantic and South Atlantic regions of the country. One of the original Thirteen Colonies of Great Britain, Maryland was founded by George Calvert, a Catholic convert who sought to provide a religious haven for Catholics persecuted in England.
In 1632, Charles I of England granted Calvert a colonial charter, naming the colony after his wife, Queen Mary. Unlike the Pilgrims and Puritans, who enforced religious conformity in their settlements, Calvert envisioned a colony where people of different religious sects would coexist under the principle of toleration. Accordingly, in 1649 the Maryland General Assembly passed an Act Concerning Religion, which enshrined this principle by penalizing anyone who "reproached" a fellow Marylander based on religious affiliation. Religious strife was common in the early years, Catholics remained a minority, albeit in greater numbers than in any other English colony. Maryland's early settlements and population centers clustered around rivers and other waterways that empty into the Chesapeake Bay, its economy was plantation-based, centered on the cultivation of tobacco. The need for cheap labor led to a rapid expansion of indentured servants, penal labor, African slaves. In 1760, Maryland's current boundaries took form following the settlement of a long-running border dispute with Pennsylvania.
Maryland was an active participant in the events leading up to the American Revolution, by 1776 its delegates signed the Declaration of Independence. Many of its citizens subsequently played key military roles in the war. In 1790, the state ceded land for the establishment of the U. S. capital of Washington, D. C. Although a slave state, Maryland remained in the Union during the U. S. Civil War, its strategic location giving it a significant role in the conflict. After the war, Maryland took part in the Industrial Revolution, driven by its seaports, railroad networks, mass immigration from Europe. Since the Second World War, the state's population has grown to six million residents, it is among the most densely populated states in the nation; as of 2015, Maryland had the highest median household income of any state, owing in large part to its close proximity to Washington, D. C. and a diversified economy spanning manufacturing, higher education, biotechnology. Maryland has been ranked as one of the best governed states in the country.
The state's central role in American history is reflected by its hosting of some of the highest numbers of historic landmarks per capita. Maryland is comparable in overall area with Belgium, it is the 42nd largest and 9th smallest state and is closest in size to the state of Hawaii, the next smaller state. The next larger state, its neighbor West Virginia, is twice the size of Maryland. Maryland possesses a variety of topography within its borders, contributing to its nickname America in Miniature, it ranges from sandy dunes dotted with seagrass in the east, to low marshlands teeming with wildlife and large bald cypress near the Chesapeake Bay, to rolling hills of oak forests in the Piedmont Region, pine groves in the Maryland mountains to the west. Maryland is bounded on its north by Pennsylvania, on its west by West Virginia, on its east by Delaware and the Atlantic Ocean, on its south, across the Potomac River, by West Virginia and Virginia; the mid-portion of this border is interrupted by District of Columbia, which sits on land, part of Montgomery and Prince George's counties and including the town of Georgetown, Maryland.
This land was ceded to the United States Federal Government in 1790 to form the District of Columbia.. The Chesapeake Bay nearly bisects the state and the counties east of the bay are known collectively as the Eastern Shore. Most of the state's waterways are part of the Chesapeake Bay watershed, with the exceptions of a tiny portion of extreme western Garrett County, the eastern half of Worcester County, a small portion of the state's northeast corner. So prominent is the Chesapeake in Maryland's geography and economic life that there has been periodic agitation to change the state's official nickname to the "Bay State", a nickname, used by Massachusetts for decades; the highest point in Maryland, with an elevation of 3,360 feet, is Hoye Crest on Backbone Mountain, in the southwest corner of Garrett County, near the bo
Patrick Walsh (investor)
Patrick Walsh is an entrepreneur and investor in the United States. He is the CEO of PW Partners, LLC, an investment management firm. Walsh is the Chairman and Chief Executive of Town Sports International, a holding company that trades on the NASDAQ under the symbol CLUB. Walsh is a member of the Board of Directors of BJ's Restaurants and Del Taco Restaurants. Walsh was born in San Diego, the eldest of three brothers, his father was in the U. S. Navy and his mother was a school teacher; the Walsh family left California and moved to Boston, Massachusetts in 1977 and Walsh grew up in Foxboro, the home of the New England Patriots. Walsh remains a die-hard Patriots fan to this day. Walsh studied economics at Wesleyan University and played football and baseball until he suffered a severe back injury playing football, he graduated with a degree in accounting. After graduation, he earned the Chartered Financial Analyst designation. Early in his career, Walsh rejected the academic efficient-market theory and adhered instead to a philosophy of value investing.
Walsh enrolled in the Value Investing Executive Program at Columbia Business School to study under Professor Bruce Greenwald, who carried on the teachings of Benjamin Graham, the father of value investing. Walsh worked from 1998 to 2004 at Prudential Capital Group and Prudential Securities in real estate private equity and equity research. Walsh formed the predecessor to PW Partners, LLC in October 2011. During Walsh's tenure in the hedge fund industry and at PW Partners he practiced corporate activism while investing in Denny's, Red Robin Gourmet Burgers, Great Wolf Resorts, Famous Dave's, BJ's Restaurants and Del Taco Restaurants. A 2014 article in Restaurant Finance Monitor stated that "each of the chains with which he has become involved have thrived on Wall Street in his wake."Walsh invested in Town Sports International and claimed that the fitness business had been his worst investment. Town Sports International Holdings In June 2015 Walsh was named Chairman of the Board of Town Sports International Holdings.
The Company was burning $5 million a month and was in the midst of 17 consecutive quarters of same-store sales declines. The Company was burdened with $300 million of debt that could not be repaid with the current levels of cash flow; this led Moody's rating agency to describe Town's capital structure as "untenable" and they downgraded the debt to a "Caa2" rating. The stock price declined to 92 cents per share while the Company's debt traded down to 36 cents on the dollar. In September 2016 Walsh became Chief Executive Officer. While industry experts predicted bankruptcy or a sale, Walsh vowed to Town's shareholders that he would never give up. After 17 consecutive quarters of declines in same store sales the company posted 5 consecutive quarters of same-store sales increases and the stock price increased more than 1,000% to $11 per share in 2018. Town Sports International started to make acquisitions in September 2017 acquiring the Lucille Roberts brand, an all woman's fitness chain. In December 2017, Town acquired the luxury brand TMPL and in early 2018 the Company acquired Total Woman, an all woman's fitness chain based in California.
Since taking over as CEO Walsh has overseen acquisitions of more than 30 clubs. Walsh's writings include his annual letters to shareholders. In May 2018 Walsh was chosen as an Ernst & Young Entrepreneur of the Year Awards 2018 New York Finalist. On June 12, 2018 Walsh was selected as the winner
Upper East Side
The Upper East Side is a neighborhood in the borough of Manhattan in New York City, between Central Park/Fifth Avenue, 59th Street, the East River, 96th Street. The area incorporates several smaller neighborhoods, including Lenox Hill, Carnegie Hill, Yorkville. Once known as the Silk Stocking District, it is now one of the most affluent neighborhoods in New York City; the Upper East Side is part of Manhattan Community District 8 and its primary ZIP Codes are 10021, 10028, 10065, 10075, 10128. It is patrolled by the 19th Precinct of the New York City Police Department. Neighborhood boundaries in New York City are not set, but according to the Encyclopedia of New York City, the Upper East Side is bounded by 59th Street in the south, 96th Street on the north, Fifth Avenue to the west and the East River to the east; the AIA Guide to New York City extends the northern boundary to 106th Street near Fifth Avenue. The area's north-south avenues are Fifth, Park, Third, First and East End Avenues, with the latter running only from East 79th Street to East 90th Street.
The major east-west streets are 72nd Street, 79th Street, 86th Street and 96th Street. Some real estate agents use the term "Upper East Side" instead of "East Harlem" to describe areas that are north of 96th Street and near Fifth Avenue, in order to avoid associating these areas with the negative connotations of the latter, a neighborhood, perceived as less prestigious; the Upper East Side Historic District is one of New York City's largest districts, as is the neighborhood. This district runs from 59th to 78th Streets along Fifth Avenue, up to 3rd Avenue at some points. In the decades after the Civil War, the once decrepit district transitioned into a thriving middle class residential neighborhood. At the start of the 20th century, the neighborhood transformed again, but this time into a neighborhood of mansions and townhouses; as the century continued, living environments altered, a lot of these single-family homes were replaced by lavish apartment buildings. Before the arrival of Europeans, the mouths of streams that eroded gullies in the East River bluffs are conjectured to have been the sites of fishing camps used by the Lenape, whose controlled burns once a generation or so kept the dense canopy of oak–hickory forest open at ground level.
In the 19th century the farmland and market garden district of what was to be the Upper East Side was still traversed by the Boston Post Road and, from 1837, the New York and Harlem Railroad, which brought straggling commercial development around its one station in the neighborhood, at 86th Street, which became the heart of German Yorkville. The area was defined by the attractions of the bluff overlooking the East River, which ran without interruption from James William Beekman's "Mount Pleasant", north of the marshy squalor of Turtle Bay, to Gracie Mansion, north of which the land sloped steeply to the wetlands that separated this area from the suburban village of Harlem. Among the series of villas a Schermerhorn country house overlooked the river at the foot of present-day 73rd Street and another, Peter Schermerhorn's at 66th Street, the Riker homestead was sited at the foot of 75th Street. By the mid-19th century the farmland had been subdivided, with the exception of the 150 acres of Jones's Wood, stretching from 66th to 76th Streets and from the Old Post Road to the river and the farmland inherited by James Lenox, who divided it into blocks of houselots in the 1870s, built his Lenox Library on a Fifth Avenue lot at the farm's south-west corner, donated a full square block for the Presbyterian Hospital, between 70th and 71st Streets, Madison and Park Avenues.
At that time, along the Boston Post Road taverns stood at the mile-markers, Five-Mile House at 72nd Street and Six-Mile House at 97th, a New Yorker recalled in 1893. The fashionable future of the narrow strip between Central Park and the railroad cut was established at the outset by the nature of its entrance, in the southwest corner, north of the Vanderbilt family's favored stretch of Fifth Avenue from 50th to 59th Streets. A row of handsome townhouses was built on speculation by Mary Mason Jones, who owned the entire block bounded by 57th and 58th Streets and Fifth and Madison. In 1870 she occupied the prominent corner house at 57th and Fifth, though not in the isolation described by her niece, Edith Wharton, whose picture has been uncritically accepted as history, as Christopher Gray has pointed out, it was her habit to sit in a window of her sitting room on the ground floor, as if watching calmly for life and fashion to flow northward to her solitary door... She was sure that presently the quarries, the wooden greenhouses in ragged gardens, the rocks from which goats surveyed the scene, would vanish before the advance of residences as stately as her own.
Before the Park Avenue Tunnel was covered, fashionable New Yorkers shunned the smoky railroad trench up Fourth Avenue, to build stylish mansions and townhouses on the large lots along Fifth Avenue, facing Central Park, on the adjacent side streets. The latest arrivals were Henry Clay Frick; the classic phase of Gilded Age Fifth Avenue as a stretch of private mansions was not long-lasting: the first apartment house to replace a private mansion on upper Fifth Avenue was 907 Fifth Avenue, at 72nd Street, the neighborhood's grand carriage entrance to Central Park. Most members of New York's upper-class families have made residences on the Upper East Side, including the oil-rich Rockefellers, political Roosevelts, political dynastic Kennedys, thoroughbred racing moneyed Whitneys, tobacco and electric power fortuned Dukes. Construction of t
The Nasdaq Stock Market is an American stock exchange. It is the second-largest stock exchange in the world by market capitalization, behind only the New York Stock Exchange located in the same city; the exchange platform is owned by Nasdaq, Inc. which owns the Nasdaq Nordic and Nasdaq Baltic stock market network and several U. S. stock and options exchanges. "Nasdaq" was an acronym for the National Association of Securities Dealers Automated Quotations. It was founded in 1971 by the National Association of Securities Dealers, which divested itself of Nasdaq in a series of sales in 2000 and 2001; the Nasdaq Stock Market is owned and operated by Nasdaq, Inc. the stock of, listed on its own securities exchange on July 2, 2002, under the ticker symbol NDAQ. The Nasdaq Stock Market began trading on February 8, 1971, it was the world's first electronic stock market. At first, it was a "quotation system" and did not provide a way to perform electronic trades; the Nasdaq Stock Market helped lower the spread but was unpopular among brokerages which made much of their money on the spread.
The NASDAQ Stock Market assumed the majority of major trades, executed by the over-the-counter system of trading, but there are still many securities traded in this fashion. As late as 1987, the Nasdaq exchange was still referred to as "OTC" in media reports and in the monthly Stock Guides issued by Standard & Poor's Corporation. Over the years, the Nasdaq Stock Market became more of a stock market by adding trade and volume reporting and automated trading systems, it was the first stock market in the United States to trade online, highlighting Nasdaq-traded companies and closing with the declaration that the Nasdaq Stock Market is "the stock market for the next hundred years". The Nasdaq Stock Market attracted new growth companies, including Microsoft, Cisco and Dell, it helped modernize the IPO, its main index is the NASDAQ Composite, published since its inception. However, its exchange-traded fund tracks the large-cap NASDAQ-100 index, introduced in 1985 alongside the NASDAQ Financial-100 Index, which tracks the largest 100 companies in terms of market capitalization.
In 1992, the Nasdaq Stock Market joined with the London Stock Exchange to form the first intercontinental linkage of securities markets. The National Association of Securities Dealers spun off the Nasdaq Stock Market in 2000 to form a publicly traded company. On March 10, 2000, the NASDAQ Composite peaked at 5,132.52, but fell to 3,227 by April 17, in the following 30 months fell 78% from its peak. In 2006, the status of the Nasdaq Stock Market was changed from a stock market to a licensed national securities exchange. In 2010, Nasdaq merged with OMX, a leading exchange operator in the Nordic countries, expanded its global footprint, changed its name to the NASDAQ OMX Group. To qualify for listing on the exchange, a company must be registered with the United States Securities and Exchange Commission, must have at least three market makers and must meet minimum requirements for assets, public shares, shareholders. In February 2000, in the wake of an announced merger of NYSE Euronext with Deutsche Börse, speculation developed that NASDAQ OMX and Intercontinental Exchange could mount a counter-bid of their own for NYSE.
NASDAQ OMX could be looking to acquire the American exchange's cash equities business, ICE the derivatives business. At the time, "NYSE Euronext's market value was $9.75 billion. Nasdaq was valued at $5.78 billion, while ICE was valued at $9.45 billion." Late in the month, Nasdaq was reported to be considering asking either ICE or the Chicago Mercantile Exchange to join in what would have to be, if it proceeded, an $11–12 billion counterbid. In 2005, NASDAQ acquirred Instinet for $1.9 billion retaining the INET ECN and subsequently sellin the agency brokerage business to Silver Lake Partners and Instinet management. The European Association of Securities Dealers Automatic Quotation System was founded as a European equivalent to the Nasdaq Stock Market, it became NASDAQ Europe. Operations were shut however, as a result of the burst of the dot-com bubble. In 2007, NASDAQ Europe was revived as Equiduct, is operating under Börse Berlin. On June 18, 2012, Nasdaq OMX became a founding member of the United Nations Sustainable Stock Exchanges Initiative on the eve of the United Nations Conference on Sustainable Development.
In November 2016, Nasdaq chief operating officer Adena Friedman was promoted to the role of CEO, becoming the first woman to run a major exchange in the U. S. In 2016, Nasdaq earned $272 million in listings-related revenues. In October 2018, the SEC ruled that the NYSE and Nasdaq did not justify the continued price increases when selling market data. Nasdaq quotes are available at three levels: Level 1 shows the highest bid and lowest ask—inside quote. Level 2 shows all public quotes of market makers together with information of market dealers wishing to buy or sell stock and executed orders. Level 3 allows them to enter their quotes and execute orders; the Nasdaq Stock Market sessions eastern time are: 4:00 am to 9:30 am premarket session 9:30 am to 4:00 pm normal trading session 4:00 pm to 8:00 pm postmarket sessionThe Nasdaq Stock Market averages about 253 trading days per year. The Nasdaq Stock Market has three different market tiers: Capital Market is an equity market for companies that have relatively
New York City
The City of New York called either New York City or New York, is the most populous city in the United States. With an estimated 2017 population of 8,622,698 distributed over a land area of about 302.6 square miles, New York is the most densely populated major city in the United States. Located at the southern tip of the state of New York, the city is the center of the New York metropolitan area, the largest metropolitan area in the world by urban landmass and one of the world's most populous megacities, with an estimated 20,320,876 people in its 2017 Metropolitan Statistical Area and 23,876,155 residents in its Combined Statistical Area. A global power city, New York City has been described as the cultural and media capital of the world, exerts a significant impact upon commerce, research, education, tourism, art and sports; the city's fast pace has inspired the term New York minute. Home to the headquarters of the United Nations, New York is an important center for international diplomacy.
Situated on one of the world's largest natural harbors, New York City consists of five boroughs, each of, a separate county of the State of New York. The five boroughs – Brooklyn, Manhattan, The Bronx, Staten Island – were consolidated into a single city in 1898; the city and its metropolitan area constitute the premier gateway for legal immigration to the United States. As many as 800 languages are spoken in New York, making it the most linguistically diverse city in the world. New York City is home to more than 3.2 million residents born outside the United States, the largest foreign-born population of any city in the world. In 2017, the New York metropolitan area produced a gross metropolitan product of US$1.73 trillion. If greater New York City were a sovereign state, it would have the 12th highest GDP in the world. New York is home to the highest number of billionaires of any city in the world. New York City traces its origins to a trading post founded by colonists from the Dutch Republic in 1624 on Lower Manhattan.
The city and its surroundings came under English control in 1664 and were renamed New York after King Charles II of England granted the lands to his brother, the Duke of York. New York served as the capital of the United States from 1785 until 1790, it has been the country's largest city since 1790. The Statue of Liberty greeted millions of immigrants as they came to the U. S. by ship in the late 19th and early 20th centuries and is an international symbol of the U. S. and its ideals of liberty and peace. In the 21st century, New York has emerged as a global node of creativity and entrepreneurship, social tolerance, environmental sustainability, as a symbol of freedom and cultural diversity. Many districts and landmarks in New York City are well known, with the city having three of the world's ten most visited tourist attractions in 2013 and receiving a record 62.8 million tourists in 2017. Several sources have ranked New York the most photographed city in the world. Times Square, iconic as the world's "heart" and its "Crossroads", is the brightly illuminated hub of the Broadway Theater District, one of the world's busiest pedestrian intersections, a major center of the world's entertainment industry.
The names of many of the city's landmarks and parks are known around the world. Manhattan's real estate market is among the most expensive in the world. New York is home to the largest ethnic Chinese population outside of Asia, with multiple signature Chinatowns developing across the city. Providing continuous 24/7 service, the New York City Subway is the largest single-operator rapid transit system worldwide, with 472 rail stations. Over 120 colleges and universities are located in New York City, including Columbia University, New York University, Rockefeller University, which have been ranked among the top universities in the world. Anchored by Wall Street in the Financial District of Lower Manhattan, New York has been called both the most economically powerful city and the leading financial center of the world, the city is home to the world's two largest stock exchanges by total market capitalization, the New York Stock Exchange and NASDAQ. In 1664, the city was named in honor of the Duke of York.
James's older brother, King Charles II, had appointed the Duke proprietor of the former territory of New Netherland, including the city of New Amsterdam, which England had seized from the Dutch. During the Wisconsinan glaciation, 75,000 to 11,000 years ago, the New York City region was situated at the edge of a large ice sheet over 1,000 feet in depth; the erosive forward movement of the ice contributed to the separation of what is now Long Island and Staten Island. That action left bedrock at a shallow depth, providing a solid foundation for most of Manhattan's skyscrapers. In the precolonial era, the area of present-day New York City was inhabited by Algonquian Native Americans, including the Lenape, whose homeland, known as Lenapehoking, included Staten Island; the first documented visit into New York Harbor by a European was in 1524 by Giovanni da Verrazzano, a Florentine explorer in the service of the French crown. He named it Nouvelle Angoulême. A Spanish expedition led by captain Estêvão Gomes, a Portuguese sailing for Emperor Charles V, arrived in New York Harbor in January 1525 and charted the mouth of the Hudson River, which he named Río de San Antonio.
The Padrón Rea
Virginia the Commonwealth of Virginia, is a state in the Southeastern and Mid-Atlantic regions of the United States located between the Atlantic Coast and the Appalachian Mountains. Virginia is nicknamed the "Old Dominion" due to its status as the first English colonial possession established in mainland North America and "Mother of Presidents" because eight U. S. presidents were born there, more than any other state. The geography and climate of the Commonwealth are shaped by the Blue Ridge Mountains and the Chesapeake Bay, which provide habitat for much of its flora and fauna; the capital of the Commonwealth is Richmond. The Commonwealth's estimated population as of 2018 is over 8.5 million. The area's history begins with several indigenous groups, including the Powhatan. In 1607 the London Company established the Colony of Virginia as the first permanent New World English colony. Slave labor and the land acquired from displaced Native American tribes each played a significant role in the colony's early politics and plantation economy.
Virginia was one of the 13 Colonies in the American Revolution. In the American Civil War, Virginia's Secession Convention resolved to join the Confederacy, Virginia's First Wheeling Convention resolved to remain in the Union. Although the Commonwealth was under one-party rule for nearly a century following Reconstruction, both major national parties are competitive in modern Virginia; the Virginia General Assembly is the oldest continuous law-making body in the New World. The state government was ranked most effective by the Pew Center on the States in both 2005 and 2008, it is unique in how it treats cities and counties manages local roads, prohibits its governors from serving consecutive terms. Virginia's economy has many sectors: agriculture in the Shenandoah Valley. S. Department of Defense and Central Intelligence Agency. Virginia has a total area of 42,774.2 square miles, including 3,180.13 square miles of water, making it the 35th-largest state by area. Virginia is bordered by Maryland and Washington, D.
C. to the north and east. Virginia's boundary with Maryland and Washington, D. C. extends to the low-water mark of the south shore of the Potomac River. The southern border is defined as the 36° 30′ parallel north, though surveyor error led to deviations of as much as three arcminutes; the border with Tennessee was not settled until 1893, when their dispute was brought to the U. S. Supreme Court; the Chesapeake Bay separates the contiguous portion of the Commonwealth from the two-county peninsula of Virginia's Eastern Shore. The bay was formed from the drowned river valleys of the James River. Many of Virginia's rivers flow into the Chesapeake Bay, including the Potomac, Rappahannock and James, which create three peninsulas in the bay; the Tidewater is a coastal plain between the fall line. It includes major estuaries of Chesapeake Bay; the Piedmont is a series of sedimentary and igneous rock-based foothills east of the mountains which were formed in the Mesozoic era. The region, known for its heavy clay soil, includes the Southwest Mountains around Charlottesville.
The Blue Ridge Mountains are a physiographic province of the Appalachian Mountains with the highest points in the state, the tallest being Mount Rogers at 5,729 feet. The Ridge and Valley region includes the Great Appalachian Valley; the region includes Massanutten Mountain. The Cumberland Plateau and the Cumberland Mountains are in the southwest corner of Virginia, south of the Allegheny Plateau. In this region, rivers flow northwest, into the Ohio River basin; the Virginia Seismic Zone has not had a history of regular earthquake activity. Earthquakes are above 4.5 in magnitude, because Virginia is located away from the edges of the North American Plate. The largest earthquake, at an estimated 5.9 magnitude, was in 1897 near Blacksburg. A 5.8 magnitude earthquake struck central Virginia on August 2011, near Mineral. The earthquake was felt as far away as Toronto and Florida. 35 million years ago, a bolide impacted. The resulting Chesapeake Bay impact crater may explain what earthquakes and subsidence the region does experience.
Coal mining takes place in the three mountainous regions at 45 distinct coal beds near Mesozoic basins. Over 64 million tons of other non-fuel resources, such as slate, sand, or gravel, were mined in Virginia in 2018; the state's carbonate rock is filled with more than 4,000 caves, ten of which are open for tourism, including the popular Luray Caverns and Skyline Caverns. The climate of Virginia is humid subtropical and becomes warmer and more humid farther south and east. Seasonal extremes vary from average lows of 26 °F in January to average highs of 86 °F in July; the Atlantic Ocean has a strong effect on southeastern coastal areas of the state. Influenced by the Gulf Stream, coastal weather is subject to hurricanes, most pronouncedly near the mouth of Chesapeake Bay. In spite of its position adjacent to the Atlantic Ocean the coastal areas have a significant continental influence with quite large temperature differences between summ
Connecticut is the southernmost state in the New England region of the United States. As of the 2010 Census, it has the highest per-capita income, Human Development Index, median household income in the United States, it is bordered by Rhode Island to the east, Massachusetts to the north, New York to the west, Long Island Sound to the south. Its capital is Hartford and its most populous city is Bridgeport, it is part of New England, although portions of it are grouped with New York and New Jersey as the Tri-state area. The state is named for the Connecticut River which bisects the state; the word "Connecticut" is derived from various anglicized spellings of an Algonquian word for "long tidal river". Connecticut's first European settlers were Dutchmen who established a small, short-lived settlement called Fort Hoop in Hartford at the confluence of the Park and Connecticut Rivers. Half of Connecticut was part of the Dutch colony New Netherland, which included much of the land between the Connecticut and Delaware Rivers, although the first major settlements were established in the 1630s by the English.
Thomas Hooker led a band of followers from the Massachusetts Bay Colony and founded the Connecticut Colony. The Connecticut and New Haven colonies established documents of Fundamental Orders, considered the first constitutions in America. In 1662, the three colonies were merged under a royal charter; this was one of the Thirteen Colonies. Connecticut is the third smallest state by area, the 29th most populous, the fourth most densely populated of the 50 states, it is known as the "Constitution State", the "Nutmeg State", the "Provisions State", the "Land of Steady Habits". It was influential in the development of the federal government of the United States; the Connecticut River, Thames River, ports along Long Island Sound have given Connecticut a strong maritime tradition which continues today. The state has a long history of hosting the financial services industry, including insurance companies in Hartford and hedge funds in Fairfield County. Landmarks and cities of Connecticut Connecticut is bordered on the south by Long Island Sound, on the west by New York, on the north by Massachusetts, on the east by Rhode Island.
The state capital and fourth largest city is Hartford, other major cities and towns include Bridgeport, New Haven, Waterbury, Danbury, New Britain and Bristol. Connecticut is larger than the country of Montenegro. There are 169 incorporated towns in Connecticut; the highest peak in Connecticut is Bear Mountain in Salisbury in the northwest corner of the state. The highest point is just east of where Connecticut and New York meet, on the southern slope of Mount Frissell, whose peak lies nearby in Massachusetts. At the opposite extreme, many of the coastal towns have areas that are less than 20 feet above sea level. Connecticut has a long maritime history and a reputation based on that history—yet the state has no direct oceanfront; the coast of Connecticut sits on Long Island Sound, an estuary. The state's access to the open Atlantic Ocean is both to the east; this situation provides many safe harbors from ocean storms, many transatlantic ships seek anchor inside Long Island Sound when tropical cyclones pass off the upper East Coast.
The Connecticut River cuts through the center of the state. The most populous metropolitan region centered within the state lies in the Connecticut River Valley. Despite Connecticut's small size, it features wide regional variations in its landscape. Connecticut's rural areas and small towns in the northeast and northwest corners of the state contrast with its industrial cities such as Stamford and New Haven, located along the coastal highways from the New York border to New London northward up the Connecticut River to Hartford. Many towns in northeastern and northwestern Connecticut center around a green, such as the Litchfield Green, Lebanon Green, Wethersfield Green. Near the green stand historical visual symbols of New England towns, such as a white church, a colonial meeting house, a colonial tavern or inn, several colonial houses, so on, establishing a scenic historical appearance maintained for both historic preservation and tourism. Many of the areas in southern and coastal Connecticut have been built up and rebuilt over the years, look less visually like traditional New England.
The northern boundary of the state with Massachusetts is marked by the Southwick Jog or Granby Notch, an 2.5 miles square detour into Connecticut. The origin of this anomaly is established in a long line of disputes and temporary agreements which were concluded in 1804, when southern Southwick's residents sought to leave Massachusetts, the town was split in half; the southwestern border of Connecticut where it abuts New York State is marked by a panhandle in Fairfield County, containing the towns of Greenwich, New Canaan and parts of Norwalk and Wilton. This irregularity in the boundary is the result of territorial disputes in the late 17th century, culminating