thoughts

As you may have heard, things are not going so well for New York City* of late. Lower Manhattan has been without power for days. A hundred or so houses that once stood in Queens are now rubble. Staten Island has been destroyed. Those living uptown and in other areas that emerged relatively unscathed are dealing with survivor’s guilt. In spite of all that, Mayor Bloomberg has declared that the Marathon, scheduled for this Sunday, will go on, a decision that has been met with major outrage by people who believe the considerable resources that go toward putting on the race should be put to more critical use elsewhere, that the city does not need the strain of putting up an additional 40,000 people, that the supposed economic benefit would be a drop in the bucket of what NYC needs, that the generators sitting in Central Park right now could be helping those sitting in darkness, and that considering dead bodies are still being pulled of the water, it’s generally “too soon.” One guy who’d beg to differ? Ed Koch. Twenty-five years out of his mayorship, he still gets these people and while the media would have you believe holding the marathon has caused an enormously heated debate, he’s here to tell you that’s bull. New Yorkers want this and if Koch were still King? He’d be throwing a parade come Sunday, with A-Rod as Grand Marshal. Read more »

Nothing’s been decided yet but they’re thinking things over at 200 West, lots and lots a things. Maybe they’ll spin the unit into its own hedge fund. Maybe they’ll move the prop team into the basement and keep them locked in there, like the third Olsen sister no one knows about. Eventually people will forget, until they’re discovered, years later, in a raid by the NYPD. Maybe they’ll do nothing (best place to hide is in plain sight). CNBC’s Kate Kelly reports: Read more »

PS, buy bank stocks. Read more »