The surrender of the properties, first reported by the Wall Street Journal, ends a tortured real estate saga that saw the partnership make expensive improvements to the complex and then try to rent the apartments at higher market rates in a real estate boom. But a real estate downturn and the city’s strong rent protections hindered those efforts, leaving the buyers scrambling to make payments on loans due for the properties, which have been a comfortable harbor for the city’s middle class since they opened in the late 1940s.
Haitian Rescue Children Orphanage Kids “You Are My All In All”: Check out how the second one from the right starts yawning halfway through. Cute kid.
Sweet video. Express-lane to the new party playlist.
Biggie by Jonathan Ryan via Brooklyn Art Project.
A 14-year-old knows the market better than you do.
Not sold in stores.
“God save us,” Paulson said. Behind him, Lloyd Blankfein responded to his call. Jumping up onto the table, he harnessed all the power in his tiny body to hurl himself onto Thain’s back, gripping him around the waist with both legs and fastening his arms around his neck. Lying on the floor, Paulson blinked through the blood on his glasses and registered that the Goldman CEO, despite being a nattier dresser than he had been in his early years, still wore tube socks.
Read more: Excerpt: Too Big to Fail and ZOMBIES — Daily Intel http://nymag.com/daily/intel/2009/11/excerpt_too_big_to_fail_and_zo.html#ixzz0WfVebFL7
