Guess We'll Never Know

A round table discussion with reporters planned by Schools Chancellor Joel Klein, scheduled for noon today at the Tweed Courthouse, was just cancelled. A spokeswoman for the DOE didn’t have an explanation.

I’m not sure if this has anything to do with it, but Betsy Gotbaum’s people were really looking forward to the event, and Read More

Arbitragedy: A Hedge-Fund Poet’s Bittersweet Ballad

Recently, I met a man at a bar who asked me what I did. Not in the mood to split hairs over whether he meant “money” work or inner calling, I answered, apparently slurring heavily: “I work at a hedge fund.

“Really? Wow, that sounds so interesting!” he said, and winked. “I mean, that sounds Read More

My Little Brother Disagrees With Me About the Sopranos

My little brother says there were a couple things about the Sopranos finale that lifted it into greatness. 1, The characterization of Tony’s power. Tony could on the one hand manipulate his men into thinking that he wanted rival boss Phil dead, then visit Phil in the hospital and squeeze his hand and urge him Read More

A National Theater for Ground Zero

Just as downtown Manhattan was re-invented after the Great Fire of 1835, when hundreds of buildings in the financial district burned to the ground, it is once again being transformed after 9/11. As the neighborhood rebuilds, cultural institutions are looking for a place alongside the cathedrals of commerce, a development that promises to make lower Read More

Community Boards

Trinity Hopes to Buy City Street

To Build Office Tower and Park

Trinity Church in lower Manhattan is well known as the city’s oldest parish. But the church has long served another important, though perhaps less high-profile role as one of the city’s major downtown commercial real-estate players, owner of over six million square Read More

Whittle Listing Beloved Manse; Company Quakes

When Chris Whittle, the charter-school mogul at the helm of Edison Schools Inc., put his legendary East Hampton estate on Georgica Pond on the market for $46 million on Sept. 3, he was gunning for a Hamptons record.

But he may have to make every penny of that if he plans to come out Read More

Arafat and the Clintons Go Shopping

It’s no longer any secret that Bill and Hillary Clinton,

whatever ideals they may have held in their younger days, now feel entitled to

any extra money, jewelry or furniture that comes their way, no matter how

tainted the source. And they are quite willing to exchange favors in return:

witness the pardoning of Marc Read More

Levy Faces a Battle As His Edison Plan Meets Hostile Board

On the afternoon of March 16, at a hurriedly called meeting of the City Council’s Education Committee at City Hall, it soon became obvious that the Board of Education had done a miserable job of launching the first-ever privatization of city schools.

No one was happy. City Council members were angry that Edison Schools, a Read More

The Dot-Com Debacle

Truth tends to win out in the end, and the ambitious

entrepreneurs of New York’s Silicon Alley, who just yesterday were poised to

become Masters of the Universe, are in the very public process of painfully

learning that it takes more than an idea and a modem to create a business-or

even to make a Read More