North

Susan Orlean, The New Yorker: "Chickens seem to be a perfect convergence of the economic, environmental, gastronomic, and emotional matters of the moment."

Jennifer 8. Lee, The New York Times: "Stephen Valand, 23, and Erica Shea, 25, quit their jobs earlier this year to start the Brooklyn Brew Shop, which makes gallon beer-brewing kits sized for New York City apartments. The couple starting selling the kits in early July at the Brooklyn Flea Market and online."

NYT: City Unemployment Hits 10.3%

The New York Times: ...the number of unemployed city residents has risen to more than 415,000, the highest total on record. The still-shrinking financial sector, which had been the main engine of employment growth in the city before the downturn, has essentially been declared to be in a state of emergency.

The State Department of Labor has begun using a “national emergency grant” of $11 million in federal funds to help those laid off on Wall Street shift into other fields, like health care and education. Emphasizing the need for such a shift, M. Patricia Smith, the state labor commissioner, said, “Our economists don’t see the financial-services sector ever coming back as strong as it was.”

...[Governor David A. Paterson] said New York faced at least another year of “tough sledding.”

...[Mayor Michael R. Bloomberg] said, “the city is losing jobs at less than half the rate of the rest of the country. This is an important sign that despite the challenges, people continue to be optimistic about the city’s future.”

AP via Dallas Morning News: Texas unemployment hits 22-year high at 8 percent

APM's Marketplace: New York Launches Business Incubators

"New York City has a lot of things going for it. But for all its charms and virtues, being known as a place to start up a small business and have it really turn into something isn't one of them... So Michael Bloomberg just opened New York's first city-funded startup incubator..."

Meltdown Monday: 12 Months Later

Who's Too Big to Fail? (Wall St. Journal)
Government's Trial and Error Helped Stem Financial Panic (Wall St. Journal)
Lehman's Collapse, on the Front Page (Wall St. Journal)

Stiglitz Says Bank Problems Bigger Than Pre-Lehman (Bloomberg)

Higher Taxes Are Coming. Are You Prepared? (Wall St. Journal)
France's Sarkozy: Crisis Forces Us To Go Beyond GDP (Wall St. Journal)

"The meteorite has landed. The world has changed... Lehman dies. Merrill is next in line."

"You're going to send the entire banking system into a meltdown and you have 'press releases'?"

"I guess this is goodbye."

31 minutes past midnight on Monday, September 15, Lehman Brothers Holdings files for bankruptcy. When the news breaks, markets go into freefall. No more banks are allowed to fail. As the crisis develops, millions of jobs are lost in the U.S. and around the world.

-- The Day That Lehman Died (BBC World Drama)

The Most Damning Internal Emails Of The Financial Crisis (Huff. Po.)

B.R.: "We have to go back to the way it was after the Great Depression in the '40s, '50s... when banks were boring, when investment houses 'made money the old fashioned way,' the commercial says. They didn't take wild risks and tremendous speculation, and expect the taxpayer to cover it when the bets come up snake eyes."

Visit msnbc.com for Breaking News, World News, and News about the Economy

D.R.: "As a country, we must...stop serving those whose business models are based on systemic theft and start serving those who seek to create value for others -- the workers, innovators and investors..."

-- Americans Have Been Taken Hostage (Huff. Po.)

Visit msnbc.com for Breaking News, World News, and News about the Economy

(Fast forward to 2:07)

T.P., Oct. 16, 2008: "From 2002 to 2006, I am not quite sure what the financiers were doing. Or rather, I am not sure that the services provided by insane trading volumes and real estate derivatives were worth the price tag."

"Economic growth in the 1960s was outstanding, but seemed to require little financial intermediation. Finance grew quickly in the 1980s while the economy stagnated..."

"So it is certainly not true that a large financial sector is required for sustained economic growth (see the 1960s)."

-- The Future of the Financial Industry (NYU Stern)

Class of 2013 Starts School

Saturday means college football watching at The WingBar.

On ESPN (espn.com) midday, University of Wisconsin Badgers (uwbadgers.com) versus Fresno State University Bulldogs (gobulldogs.com). Wisconsin won 34 to 31 in double overtime (article @ madison.com).

On MSG (msg.com), University of Florida Gators (gatorzone.com) versus Troy University Trojans (troytrojans.com). Florida won 56 to 6 (article @ gatorsports.com).

Fast-forward: April 2012: At $1 trillion and climbing, the growing student-loan debt could be a burden on economic growth for decades to come.

This Sunday: Books, Cheese and Chili

Brooklyn Book Festival, 10AM - 6PM, Free (15 sponsors): ALL EVENTS ARE FREE. PROGRAMS TAKING PLACE IN THE BROOKLYN BOROUGH HALL COURTROOM AND ST. FRANCIS COLLEGE AUDITORIUM ARE TICKETED

FREE TICKETS ARE AVAILABLE ONE HOUR BEFORE THE PROGRAM BEGINS AT FESTIVAL INFORMATION BOOTHS ON PLAZA AND AT MONTAGUE AND CLINTON STREETS
THERE IS A LIMIT OF 2 TICKETS PER PERSON FOR EACH EVENT

Brooklyn Cheese Experiment, 1PM - 5PM, $20 (8 sponsors -- 7 local food brands): Amateur chefs will whip up their favorite cheese-based dishes ranging from sweet to savory, while local homebrewers pit their home made brews against each other in Brooklyn's premier culinary competition.


Carrol Gardens Greenmarket: Firefighter Chili Cook-Off, 12PM - ?

09.11.09

A Fortress City That Didn’t Come to Be
Remembering a Future That Many Feared: In the immediate aftermath of Sept. 11, 2001, many New Yorkers imagined a grim future that has not come to pass. (@ The New York Times)

A Trauma That Rippled Outward

8 Years Since WTC and Pentagon+ Attacks

1 Year Since Lehman Brothers+ Meltdown

Dow (DIA)
Sep. 10, 2001: 9,605 ($96); '08: 11,268 ($113); '09: 9,627 ($96)

S&P (SPY)
Sep. 10, 2001: 1,092 ($110); '08: 1,232 ($123); '09: 1,044 ($104)

09.10.09

(Update: "We will open on Thursday, September 10, 2009. See you soon!!")

Slow Foodies say it's time for change in school lunches

Slow Foodies say it's time for change in school lunches

Posted using ShareThis

09.09.09

It's back-to-school time for New York City's 1.1 million public school (K-12) students.

Sesame Street's 'Families Stand Together: Feeling Secure in Tough Times' (@ Los Angeles Times)

Let It Fall

Power Point: Goodbye summer (@ Fortune/CNNMoney.com)

Perfect

Rewind: September 3, 2008

Back to School 2009

(Correction: "...you're going for..." not "your going for...")