As has been widely observed, we are living in a period of economic inequality that has not been seen since the first “gilded age” of the early 20th century. Not even the people who benefit from it think that it can last.
As the collapsing housing market brings the nation closer to financial ruin and banks threaten to end the quarter with multi-billion dollar losses, New York's bankers are now, finally, turning against each other and fighting in public. Unfortunately it was part of a big sanctioned boxing tournament and not like a…
There's a middle-aged woman that I always see at the Printing House Gym. She spends somewhere between 4 and 5 hours on the Stairmaster every day. Her shirt is way too small for her body and sometimes her entire chest becomes unrestrained. She sings to herself loudly and does Fosse-like jazz hands. It's frightening!…
Delivered this weekend: Seven 50-foot birch trees to the New York Times, 620 Eighth Avenue.
Lost in transit: Fog machine and wood sprites.
Hooray, it's the open-air birch and moss garden planting weekend at the New York Times! But this just in from the Times: "Breaking News - Schedule Change for This Weekend's Tree Planting [!] For all who are interested in the tree planting this weekend, our schedule has changed due to our permits from the city. The…
Things are super-fun in finance right now! Richard "Chip" Bierbaum, who is related to megasocialite Tinsley Mortimer (his stepfather is Tinsley's husband Topper's father's brother! Parse that!), and five of his bosses were cruelly let go from Calyon, the i-bank arm of Credit Agricole SA, over monster losses of $353…
A gain of $4.5 billion dollars in just the last fiscal year (which ended in June) puts the New Haven-based Ivy League university called Yale tops in growth among schools with endowments over one billion bucks. In 1985, the school's endowment was a mere $1.3 billion. How do they do it? Probably really risky investments…
