The market for New York real estate in 2005 feels enough like the nasdaq circa 1999 to make a lot of people nervous. A veteran of the tech bust
explains why falling prices, lamentably clear hindsight, and indignant legal recrimination could again be on the horizon.
PLUS: Is your neighborhood on the bubble? A ranking of the most volatile spots. And expert advice on how to protect yourself—and possibly even profit—from the teetering market.
A tiny clue in a dormant Brooklyn murder case reignited old suspicions that two NYPD detectives spent the eighties moonlighting as mob killers. Now those cops are at the center of a legal circus—bloody allegations, backstabbing kingpins, Jimmy Breslin, defense lawyers shouting “This is an outrage!”—of the kind not seen since Gotti’s heyday. Welcome to the last great Mafia hoedown.
At the Mott Hall School, a new generation of brilliant, street-smart ethnic strivers (hailing from Albania, China, Mexico, the Dominican Republic . . . ) play world-class chess under the guidance of a Harlem-born-and-raised guru named Jerald Times. Following the ultimate New York team in its long-shot quest for a national title.
Warner Music to snag Irv Gotti? ... Martha’s house-buyer on her domestic neglect.
It was a week crowded with culture, some of it elevated, some not.
Is adultery un-yogic? Two gurus speak out about their infamous affair.
Frenchwoman to New Yorkers: Embrace laziness.
Scented soap from a top perfumer, super-smooth tequila, and more.
Architect Enrique Norten spends an imaginary $100,000.
An apartment-hunting artist.
An exquisitely airy summer cottage.
Store openings this week.
Michelle Weaver of Vivienne Tam.
Sales & Bargains:
This week's hottest sales & bargains.
Yumcha gets Asian fusion right.
Week of May 16, 2005: Sette Enoteca e Cucina, Frederick's, and Habana Outpost: Brooklyn. Plus, a preview of Bouley Bakery, and a classy hot dog-eating contest.
Omakase is my middle name.
In pre-Prohibition days, a cocktail, by definition, was not a cocktail if it didn’t contain bitters.
For drinking and dining al fresco, few places beat the roof.
Three May benefits to help develop the budding gourmet’s taste buds.
The straight girl date.
A red lipstick how-to.
The Culture Pages
Star Wars and the triumph of nerd culture.
The best thing about the last Star Wars movie is that it’s the last Star Wars movie.
Christina Applegate and Sweet Charity are pleasantly adequate; a critic bids farewell after 36 years.
Stars on stage.
The new Weezer album occasionally recalls the band’s best work.
If Flannery O’Connor had been 20 when I was 20, I probably would have proposed to her.
Jack Goldstein and Gregory Crewdson: a painter who makes the sublime banal and a photographer who makes the banal mysterious.
Neo Rauch has made old-school Socialist Realism accessible, and even palatable, to Western curators and collectors.
"I did several paintings where I just replaced time with space."
Showtime’s priest-scandal drama has plenty of facts but not much heart.
A recurring guide to which shows are on the rise and which are about to crash.
Someone might want to tell HBO that the business of acting is disproportionately interesting to actors themselves.
The first ground-zero design was hasty, cheap political symbolism. Let’s not make the same mistake again.
Terrorism simulations aim to prepare responders for New York’s peculiar logistics.
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