Thursday Links
Big Flakes. Photo by jet200nyc from the Brownstoner Flickr pool. Madoff Scandal Shaking Real Estate Industry [NY Times] Tossing a Rattle Into the Renovation [NY Times] MTA OKs Hike in Double Whammy [NY Post] Architect Drops Ax on Yards Staff [NY Daily News] Cyclists Face Opposition in Williamsburg [Brooklyn Eagle]
Big Flakes. Photo by jet200nyc from the Brownstoner Flickr pool.
Madoff Scandal Shaking Real Estate Industry [NY Times]
Tossing a Rattle Into the Renovation [NY Times]
MTA OKs Hike in Double Whammy [NY Post]
Architect Drops Ax on Yards Staff [NY Daily News]
Cyclists Face Opposition in Williamsburg [Brooklyn Eagle]
I agree the Madoff/NY RE market connection should have been its own thread – there was also a segment on Brian Lehrer about this that was fascinating, about how NY residential real estate will be affected. A key point was how the very rich had dragged the overall market upwards by crazy amounts over the last few years, fueled by tremendous wealth increases, which are now crashing down (Madoff being just a stick breaking the camel’s back). The ripple effects throughout the *whole* market will be huge – expect big discounts in 2009.
Isn’t that photo great? And I was thinking where is this cute street? And then I realized….Williamsburg. Isn’t that weird? Williamsburg used to be hideous, architecturally.
Hey, I love that photo. Quintessential Brooklyn winter.
thanks cobblehiller, that worked.
Here it is Biff:
http://tpmmuckraker.talkingpointsmemo.com
/2008/12/sec_vet_commission_missed_some.php
I broke it into two parts, so you’ll have to mind the gap!
tinarina, you might have to cut up the link and re-post. Doesn’t seem to work as you’ve posted it above.
More on the SEC’s negligience re: Madoff:
http://tpmmuckraker.talkingpointsmemo.com/2008/12/sec_vet_commission_missed_some.php
I think one of the reasons this story is so compelling is that regular folks who have to put their little bit of money in mutual funds or cd’s are getting a secret kick out of seeing the fancy-ass Palm Beach crowd getting taken by a con man. That is what usually happens to poor people. There are ordinary people I’m sure who have lost their life savings and my heart goes out to them, but the rich baracudas? No way.
oh, right…reading the whole thing is a good idea.