There are seven symphony orchestras in Berlin. The Berlin Philharmonic Orchestra is one of the preeminent orchestras in the world; it is housed in the Berliner Philharmonie near Potsdamer Platz on a street named for the orchestra's longest-serving conductor, Herbert von Karajan. Simon Rattle is its principal conductor. The Konzerthausorchester Berlin was founded in 1952 as the orchestra for East Berlin. Ivan Fischer is its principal conductor. The Haus der Kulturen der Welt presents exhibitions dealing with intercultural issues and stages world music and conferences. The ''Kookaburra'' and the ''Quatsch Comedy Club'' are known for satire and stand-up comedy shows. In 2018, the ''New York Times'' described Berlin as "arguably the world capital of underground electronic music".