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...Manhattan Recovered...

Author: /time Magazine | Title: New York City: Tales Of The City, Revisited | 9/6/2004 | See Source »

This year, for the first time since the towers crumbled, New York City's economy outperformed the nation's. The average price for a Manhattan condo or co-op broke the $1 million mark, a new record. Norma's, a midtown restaurant, introduced a $1,000 omelet. (Hardly anyone ate it, but it hearkened back to the '90s in an oddly comforting way.) And the tourists returned, God bless them...

Author: /time Magazine | Title: New York City: Tales Of The City, Revisited | 9/6/2004 | See Source »

...Manhattan is still not the same as it was. Yes, it has pulled back from the precipice with remarkable speed. But jobs are missing, the kinds of jobs that have historically made it more resilient than other U.S. cities. So far, the recovery has been in tourism and health care. Good jobs but not fantastic--not Wall Street jobs, that...

Author: /time Magazine | Title: New York City: Tales Of The City, Revisited | 9/6/2004 | See Source »

...industry," says Martin Kohli, a regional economist for the Bureau of Labor Statistics. That's alarming because finance workers make a lot of money--so much money that the city's economy more or less depends on their success. Between 2000 and 2002, 1 of every 4 Manhattan jobs lost was in finance or insurance. In fact, the only industry to have truly rebounded is hospitality and leisure. This year, 39.4 million visitors are expected--an all-time high. In June, hotel occupancy was at nearly 88%--higher than before 9/11. But the tourists are spending less. While Americans have...

Author: /time Magazine | Title: New York City: Tales Of The City, Revisited | 9/6/2004 | See Source »

...York City is engaged in America's first experiment with a mass-casualty disaster that has no end point. Manhattan residents say they are using more cigarettes, alcohol and marijuana since 9/11, and they remain worried about new attacks, according to research by the New York Academy of Medicine. But although free counseling is available, the people using it are largely the ones who saw therapists before 9/11. Most New Yorkers believe they can endure on their own. And many are doing a good job of it. LifeNet, the main mental-health referral hotline in the city, is getting...

Author: /time Magazine | Title: New York City: Tales Of The City, Revisited | 9/6/2004 | See Source »

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