Word: yorke
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...Frank Bruconi, chief economist in the New York City comptroller's office, estimates that lower Wall Street pay and payrolls will reduce the city's income tax revenue by $368 million alone. Then there's the ripple effect. Many other types of companies throughout the city, from law firms and accountants to corporate-car services and dry cleaners, rely on Wall Street companies and their employees for business. Bruconi says the general rule is that one job cut on Wall Street usually results in a reduction of a job and a half elsewhere in the N.Y.C. economy. All told, local...
...pain is spreading well beyond the Big Apple. According to the Securities Industry and Financial Markets Association, these days only 21% of all so-called Wall Street jobs are based in New York City, down from 38% three decades ago. Stamford, Conn., mayor Dannel Malloy says his city is sure to suffer from Wall Street's swoon. In the past few years, a number of large financial firms, including UBS, have moved thousands of investment-banking and trading jobs to the city. Already, a proposed Ritz-Carlton hotel and convention center has been put on hold, and city officials...
...wife. One client recently told her he thinks he will have to mothball his Gulfstream and start flying commercial. Spindel, though, isn't negotiating. In fact, she says her business is as busy as ever, though more and more of her clients are coming from outside the New York City area. "I guess one would say that hiring me is a luxury good, but people don't want to be alone, particularly now," says Spindel. "The market for love never dies, not even in this economy...
Thirty-two years ago, the photographer William Eggleston leaped from obscurity to notoriety with an art-world debut that the New York Times called "the most hated show of the year." It was a fancy dive from the most visible platform there could be, the Museum of Modern Art in New York City. "William Eggleston's Guide," it was called, as though he were taking you on a tour, but one prone to dwell on the sketchiest roadside attractions. In a photo by Eggleston there might be a sunbeam that sweetly anoints a full dish rack on a white sink...
...Sure, he played high school basketball, but how many cool kids play indoor sports in Hawaii? The man is all superego. He never gets angry or flirts with hot chicks by asking them to be his Vice President. Obama has written about using pot and cocaine, but a New York Times article found only school buddies who said he merely dabbled with marijuana. That's because the only people who bring up their drug use didn't really do drugs. Try asking George W. Bush about alleged cocaine use. You'll see how the nonnerds play...