Lehman Tanks, But the Sun Still Shines
The New York Sun considers the effect of Lehman Brothers' fall and expected sale on the city, which is said to be "bracing" for it. Its first quoted source thinks it will have "probably more of a psychological effect" than a non-psychological one, and another source glibly suggests the sale of the financial firm's midtown headquarters as a partial remedy.
The Sun doesn't mention layoffs, but the New York Times does, stating outright, "If Lehman is sold — as now appears likely — the buyer will fire" many of its traders, and adds that "tens of thousands of other Wall Streeters laid off in the tsunami sweeping the financial industry... are already chasing after too few jobs."
To brighten the mood, the Sun refers to a Milken Institute report in which New York compares well economically with other American cities.
Image by Jeremy Brooks (cc)
Get the This Week's Top Stories Newsletter
Every week we collect the latest news, music and arts stories — along with film and food reviews and the best things to do this week — so that you’ll never miss Village Voice's biggest stories.
- New York City's Food Pantries Are Struggling to Keep Up With a Growing Demand For Meals
Sat., Nov. 28, 12:00am
Sat., Nov. 28, 12:00pm
Sat., Nov. 28, 1:30pm
Sat., Nov. 28, 7:30pm
- As Islamophobic Rhetoric Gets Louder, NYC Muslims Fear for Their Mosques
- Forget Big Chain Theaters — Watch Movies at These Cool NYC Spots Instead