The Local: Condo Buyers Beg Off

When New York’s real estate market was at its peak, condo buyers and investors were not in the position to quibble if the ceiling of their new apartment was a few inches shorter than the one in the sponsor’s offering plan or if common charges were a couple hundred dollars more than expected. Now that Read More

The Local: Code Red on Black Friday

Recession or not, when Erin Lima makes the trip from Philadelphia to New York City, “shopping is inevitable.”

“Every time you come here you have to,” she said, while browsing the handbag section of Bergdorf Goodman on Saturday with her husband in tow. “You can’t help yourself.”

The Limas and another couple Read More

The Local: The Shiest Retail Remains Steady in Recession

Gary Gross’ family has operated a pawnshop near Penn Station for more than a century. Though he was not around during the “real depression” in the 1920s, S&G Gross Co. has emerged more or less unscathed from multiple economic downturns in Mr. Gross’ lifetime.

The bursting of the tech bubble in the beginning of Read More

The Local: Wall Street on Election Eve

Rocky Twyman, a Seventh Day Adventist who rallied hundreds of Americans to pray for lower fuel prices at gas stations across the country last spring and summer, camped in front of the New York Stock Exchange on Halloween for the inauguration of his latest movement: "Pray Down the Greed on Wall Street."

"This Read More

The Local: Shrinks Anticipate Expansion

One of the inadvertent beneficiaries of the Wall Street meltdown may be the city’s mental health professionals. Many of them said their practices have either grown or stayed stable over the past year, as the economy worsened and the conditions that spawned Wall Street’s meltdown coalesced.

They believe, grimly enough, their business will only Read More