SAGpocalypse Now: All Hope is Lost
Seth Abramovitch · 02/20/09 11:45AMMatt Lauer and Brian Williams Get Flirty
Richard Lawson · 02/20/09 11:45AMWorld Now Officially Upside Down
cityfile · 02/20/09 11:44AM
Business is booming for shoe repairers and tailors as cash-strapped customers "shop in their closets" and get stuff fixed and altered instead of buying new. "I've never seen it like this," says one shoe repairman, "it's wonderful." Cobblers esteemed, bankers demeaned—it's like biblical times all over again. [Time]
Magazine Factotum Makes Too Much Money
Hamilton Nolan · 02/20/09 11:36AMMartha Stewart Goes to Pot
cityfile · 02/20/09 11:18AM'Good Thing Madoff Robbed Jews,' Think Non-Jews
Hamilton Nolan · 02/20/09 10:59AMHeartland High School Principals Classify Rent as 'Edgy' Again
Richard Lawson · 02/20/09 10:39AMBernie Madoff Wasn't Very Busy
cityfile · 02/20/09 10:35AM
Whatever it is Bernie Madoff's been up to the last 13 years, we now know one thing he wasn't doing was investing his clients' cash. Irving Picard, the trustee liquidating Madoff's investment firm, said today that he's found no evidence that Madoff purchased any securities on behalf of customers in "at least 13 years." He also said that he's received 2,350 claims so far, and that a handful of subpoenas have been issued, including one to "a hair salon called Blow Styling Salon located blocks away from Mr. Madoff's Manhattan penthouse apartment." Can't wait to hear about that one! [WSJ, NYT]
Hopefully This Huge Controversy Won't Hurt Sean Delonas' Children's Book
Hamilton Nolan · 02/20/09 10:23AM"I Wanted a Hair Hat Made of Raincoats So My Hair Would Never Get Wet but Guadalupe Said It Was Too Hard to Sew So I Made a Hat Out of My Regular Hair."
Richard Lawson · 02/20/09 09:59AMWall Streeters' Lifestyle Modified, Slightly
cityfile · 02/20/09 09:55AM
According to those laboring at the front lines of servicing the rich—limo drivers, personal shoppers, restaurateurs—bankers are vaguely trying to make everyone loathe them less by dialing down the blatancy/outrageousness of their extravagance. For instance, you'll be thoroughly reassured to hear that $1,000 bottles of wine are no longer deemed an appropriate complement to lunch at Danny Meyer's Eleven Madison Park.
Steroid Dealer from The Wrestler Arrested for Dealing Steroids
Richard Lawson · 02/20/09 09:45AMWho Was Deemed 'Too White' for Spanish-Language TV?
Richard Lawson · 02/20/09 09:27AMAsshole Cop Canned
Hamilton Nolan · 02/20/09 09:26AMAnother Angry Buyer at 20 Pine Comes Forward
cityfile · 02/20/09 09:24AM
The condo conversion of 20 Pine Street has been plagued with problems for ages. One of the first conversions to come along in the financial district, the Shaya Boymelgreen-developed, Michael Shvo-marketed building was supposed to be finished in 2007. It wasn't, of course, which led to the first lawsuit back in August 2008 when a buyer argued that 20 Pine had been misleading about the building's completion date and had refused to rescind the buyer's contract. The situation hasn't improved much since then: The pool and gym remain unfinished, and just two weeks ago Shvo announced that construction work on the building's amenities would be suspended for a week "to concentrate on completing about 50 residential units." Now it seems other buyers have had enough. A Massachusetts woman who paid $925,000 for an apartment in 2006 (as well as an additional $16,000 for two storage units) filed a lawsuit of her own this week, and is now demanding that her deposit be returned, too. The full suit appears after the jump.
Bloomberg Approval Ratings Fall
cityfile · 02/20/09 09:10AM
Bad news for Bloomie: A new poll shows that only 52 percent of New York City residents believe the mayor is doing a good job—his lowest approval rating in four years—and only 43 percent approve of the job he's doing to help the city endure the economic crisis. But now that he's hiring former aides to John McCain's disastrous presidential campaign, things should turn around pretty quickly, no? [NYP]
We Need to Be Soothed into Spending, Says Shrink
cityfile · 02/20/09 08:52AM
Forget trying to actually understand what's going on with the economy, advises Cornell psychiatrist Richard Friedman—explanations from politicians and economists are only making us all freak out more! What the panicked populace needs is mass psychotherapy from government-mandated mental health professionals, who will tell us that everything's going to be just fine and that we should merrily spend and invest like we did in the good old days.
White House Staff's Fancy Four Seasons Party
Ryan Tate · 02/20/09 08:48AMEd Bradley's CPW Apartment Up for Sale
cityfile · 02/20/09 08:39AM
• Patricia Blanchet, the widow of 60 Minutes correspondent Ed Bradley, has put the home where she and Ed lived for more than 30 years on the market. The 3,600-square-foot apartment at 285 Central Park West is currently listed for $7.4 million. [WSJ, Corcoran]
• Real estate developer Mark Kalimian and his wife Keren paid $9.1 million for an 18th-floor apartment at the Brompton on East 85th Street. [Cityfile]
• Mutual fund exec Charles Johnson and his wife Ann paid $3 million for a two-bedroom apartment next door to the one they already own at the Sherry Netherland. The apartment was previously owned by the late insurance executive Gerald Tsai Jr. [NYO]









