Because not everyone in South Williamsburg wants to do all their food shopping at Marlow & Daughters—after all, how much pastured pork and lamb and loaves of sprouted spelt can a person eat?—the neighborhood, divided roughly by Grand Street from its yet-hipper northern relative, now has a new grocery store. Urban Market of Williamsburg, which celebrated its grand opening today, occupies a 16,000 square-foot space at 11 Broadway, just across Kent Avenue from the East River.
Like Whole Foods, Urban Market will offer traditional grocery and household products, as well as specialty, locally-sourced and organic items, making it the neighborhood’s first full-service grocery store. (Northern Williamsburg is slated to get a particularly sleek-looking Whole Foods in the not-too-distant future, at the corner of Bedford Avenue and North 4th Street, in the heart of what The Observer recently heard described as “the Times Square of Brooklyn.”)
Anyone who thinks they can make it in the trading or hedge fund business at this point is smoking crack. You might as well put your money in that pipe and smoke it also. Three types of people, and only three types of people, make money in the stock market. Read More
Up & Down the Street
So here we are, five years after the fall of Lehman. And where the hell is Dick Fuld, anyway? Talk about skulking away never to be seen again. At least Bear Stearns’s Jimmy Cayne unburdened himself of his delusional and self-serving rage in William Cohan’s 2009 best-seller, House of Cards.
You might think that the sale of a magnificent Charles Gwathmey-designed penthouse on Central Park would be as rare as spotting an Iceland Gull in the manicured greensward below. But this year two Gwathmey masterpieces changed hands. What’s more, the sellers were both Goldman Sachs men. (And, for the record, on December 17, an Iceland Gull sighting was confirmed at the Reservoir).
On New Year’s Eve, Goldman Sachs vice chair J. Michael Evans sold his Charles Gwathmey-designed Park Laurel penthouse at 15 West 63rd Street for $23.7 million, city records show. Mr. Evans slipped in just before the capital gains tax jumped up, saving him considerable cash given that he purchased the 11-room condo for just $10.3 million back in 2003 from Bradford Weston, another Goldman Sachs man.
In the end, U.S. stock markets decided to heed the storm.
The New York Stock Exchange had planned to open trading electronically while shuttering its physical trading floor. “We are open for business and at the same time acting in accordance with actions taken by the city and state of New York,” said NYSE CEO Duncan L. Niederauer said in a release yesterday afternoon.
But NYSE reversed course last night, announcing it would halt operations completely. The exchange is closed today, and may close tomorrow, “pending confirmation,” according to a release.
Nasdaq is also closed today; “it is likely that the markets will be closed” tomorrow, the exchange said in a release.
Bond markets will open, but the Securities Industry and Financial Markets Association recommended that markets close at noon today.
off the media
You know something has gone terribly wrong when Goldman Sachs is complaining about fair play.
But when it comes to Greg Smith and the “Why I’m Leaving Goldman Sachs” meme started by The New York Times in March, the investment bank has got plenty to gripe about. According to the Times’s own research, almost all Read More
Another day, another leaked passage from Greg Smith’s forthcoming Why I Left Goldman Sachs, and another issuance from 200 West St. on the credibility of Mr. Smith’s claims.
At Bloomberg Television, Erik Schatzker and Stephanie Ruhle followed yesterday’s reporting on the results of Goldman’s internal investigations (bankers like Jim Henson!), with an interview today with Edith Cooper, global head of human capital management at the firm.
It’s been a leaky week leading up to the publication Why I Left Goldman Sachs, with the firm giving guidance on the potential motivations of its former employee, and reporters getting their hands on copies of the embargoed title.
A week ago yesterday, The Financial Times reported on the results of Goldman’s internal investigation into Read More
Politico got its hands on a copy of Greg Smith’s Why I Left Goldman Sachs, and published some excerpts yesterday. There’s an allegation that the bank advised clients to buy and sell stock options on European banks amid the region’s ongoing debt crisis, so that the firm could profit by taking the other Read More
Naval enthusiast Paul Singer of Elliott Management and secretive Mexican financier David Martinez are still battling in court, according to The New York Times. Mr. Martinez is said to have a $140 million painting by Jackson Pollock in his Time Warner Center apartment, but no one is willing to stake their name on it. Also Read More