The Afternoon Wrap: Thursday

After another volatile day on Wall Street, stocks surge in the final hour, bringing the Dow up 3.6 percent and the S&P up 3.8 percent. [NY Times]

A Concorde jet “lands” in Jersey City. [City Room]

With the city facing a possible $5 billion budget deficit, why not have a few ads on garbage trucks? [Curbed]

A subcontractor at 25 Broad Street sues Swig Equities for back pay. With funding on the condo conversion suspended due to Lehman’s bankruptcy, more trouble could be on the way for Swig. [TRD]

Tin Pan Alley supporters get a Web site, petition. [Lost City via BoweryBoogie]

The relocation of a homeless shelter from Manhattan to Brooklyn’s Bedford-Atlantic Armory will result in an additional 1,000 homeless men sent to the nearby shelter at Sumner Avenue Armory. [Brownstoner]

Editorial: Ground Zero budget cuts “[sell] the future of New York City short for near-term expediency” and reveal a “callous disregard for the future denizens of New York.” [Harvard Law Record]

Editorial: A redeveloped Willets Point will transform Northern Queens into a “cultural destination” for New Yorkers and tourists alike. [Queens Courier]

The Afternoon Wrap: Thursday