Summer of Glove!

In this summer of our discontent, a season of buckling banks and wheezing newspapers, it might be well to remember that as far as crisis years go, 2009 is a wimp. But when it comes to New York City, disaster breeds resurrection.

As in: 40 years ago, 1969. Richard Nixon had been elected president Read More

Betting the House In Hedge-Fund Nation

“Don’t gamble: take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don’t go up, don’t buy it.”

—Will Rogers

Yogi Berra couldn’t have said it better. This viewpoint is in accord with today’s thinking, which is to take your savings, spend Read More

Deja Vu Again

Gary Barnett’s proposal for Brooklyn’s Atlantic Yards–which, it turns out, was for the organic farm after all–puts the MTA board in the sort of pickle it hasn’t seen since … March. That was when board members had to explain their vote for the expensive, unpopular Jets stadium by calling themselves an economic development, instead Read More