Occupy Wall Street protesters held their biggest march so far this year today as part of a nationwide "Shut Down the Corporations" day of action.
Several hundred occupiers gathered in Bryant Park this morning before marching east on 42nd Street to the global headquarters of Pfizer Pharmaceuticals, ... More >>
Last night's presidential address was all about the state of our great nation, but New Yorkers got a nod with the announcement that our very own attorney general will head a new task force charged with investigating abusive lending and risky mortgages. You know, all that fun stuff that led to the ho ... More >>
The largest number of jobs were created in March since this whole drag of a recession began: 162,000 to be exact, the most in three years. Granted, that includes nearly 50,000 temporary census-pusher gigs--folks who, now that I've mailed in my envelope, will soon be relieved of duty. But it's ... More >>
The New York Observer's Max Abelson opens a piece quoting three former Lehman Brothers executives on the Repo 105 scam, noting that the first of two ways to react to the Lehman Brothers' bankruptcy examiner is to lose faith in man. The second reaction is, of course, to shrug. And the third re ... More >>
"Ben Bernanke is a nerd," says Time magazine. "He just happens to be the most powerful nerd on the planet," and thus the 2009 Man of the Year
"Those green bills featuring dead Presidents," Time informs us, "are labeled federal reserve note for a reason: the Fed controls the money supply." As ... More >>
Less than two hours from now, WNYC's Leonard Lopate Show will be doing a segment about how New York restaurants are coping with the recession. According to WNYC, 430 of the city's restaurants closed last year; Daniel Boulud, Sosie Hublitz, and an editor from Nation's Restaurant News will discuss the ... More >>
At a press conference today about some damned thing -- oh yeah, how the city will spend $32 million in stimulus funds to train 10,000 workers -- the Observer's Azi Paybarah asked the mayor a smart question: if the mayor is "reasonably optimistic that we've turned the corner" on the recession, as h ... More >>
While Thomas Keller isn't doing anything crazy like three course, $35 recession tasting menus at his restaurants, the famed chef is feeling the pinch. Corporate reservations for the private dining room at Per Se have reportedly all but dried up, and it's getting easier to snag a table at the French ... More >>
It's hardly the sort of thing you usually read in the mainstream press, but some major outlets are siding with us, sort of, on the possible benefits to New York of the new depression.
The proprietor of Jeremiah's Vanishing New York, the oft-melancholy blog that chronicles the replacement of old ci ... More >>
Good for the New York Times! Always trying to take a broad view (even when one doesn't exist, as Jack Shafer often points out), the paper weighs in on how the plight of Bernie Madoff's white-haired victims gives us valuable insights about the global meltdown with this morning's "Fossils of Larges ... More >>
Your own private Idaho.
When you can no longer afford even a night out in Boise, Idaho, your country's in deep financial trouble.
In a clever immorality tale about 21st century capitalism, the Wall Street Journal tells us this morning that people in the Intermountain West are having to give up m ... More >>