Word: manhattanization
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Dates: during 2000-2009
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...that his parents were also crooked traders. But nothing about his IQ, or any evident evil, portended the breadth of his later crime. On the surface, Madoff's legitimate trading business gleamed. But in the off-limits-to-his-staff, low-tech office on the secluded 17th floor of Manhattan's Lipstick Building, Madoff worked darker magic...
...Baby's Coming Home," "Lady of Spain," "Bye Bye Blues," "I'm Sitting on Top of the World" and "Vaya Con Dios"). And when they weren't recording, the duo starred in a radio show, did guest spots on Ed Sullivan's Toast of the Town and played midtown Manhattan movie houses. Lines stretched up Broadway to see "America's musical sweethearts...
...Yasin and Royal live far away from my Manhattan dorm, in the cheaper outer boroughs, so they must commute for hours each day. They have never been to Central Park or even to Washington Square, just a few blocks away from Yasin's stand on 14th Street. They have never been to Central Park SummerStage or the Metropolitan Museum of Art, even though they are free. Not surprisingly, in their nocturnal isolation, they feel alienated. New York City is home to every variety of humanity, and at times it seems that everyone is rich, and comfortable in the main stream...
...Netflix ad has one contented couple purring, "We don't miss the video store at all." Well, I do. Specifically, I miss Kim's Video, a lower-Manhattan movie-rental landmark that housed 55,000 DVDs and cassettes of the vastest and most eccentric variety - until it closed early this year and shipped the whole stash to Sicily. Admittedly, Kim's was one of the gems, but cities large and small used to have video stores with all manner of movies that you could see right away. With Netflix, you surrender those basic American rights: impulse choice and instant gratification...
Americans have a long, sordid history with borrowed money. In Collateral Damaged: The Marketing of Consumer Debt to America, Charles Geisst, a professor of finance at Manhattan College, takes us through the centuries to explain how we wound up at our most recent - and spectacular - credit bubble. TIME's Barbara Kiviat spoke with...