The Afternoon Wrap: Monday

Paul Sevigny and Keith McNally both squashed rumors from a Radar on-line report that the Balthazar proprietor is buying the reigning, super-exclusive city nightspot the Beatrice Inn. [Eater]

Trader Joe’s, The Shake Shack, and other evidence that New Yorkers love to hate lines. [Jeremiah’s Vanishing New York]

With slogans like “We Shine Where the Sun Don’t,” Cotonelle’s advertising blitz in the New York City subway system is bad enough. But apparently the toilet paper manufacturer has taken the scatological campaign a step further by papering the interior of three cars on (you guessed it) the S train with faux-paper. [Guest of a Guest]

JP Morgan starts axing jobs at Bear Stearns in New York City and the UK, cutting 62 of the 73 positions in the firm’s Foreign Exchange Division. [Deal Breaker]

Subprime borrowers in Brownsville and Ocean Hill, two of the city’s poorest neighborhoods, have little recourse but to foreclose on their homes since refinancing is too expensive. [TRD]

East Village residents gathered to pay their last respects to the Toy Tower over the weekend before the Parks Department dismantles the five-story neighborhood landmark this week due to safety concerns. [Curbed]

Hotels in the Bronx are usually overlooked by the tourism industry, but they are meccas for baseball fans. [City Room]

The Afternoon Wrap: Monday