Displaying all articles tagged:


Most Recent Articles

Greenspan to Wife: Be Nice, or the Economy Suffers

Last night, only hours after the Federal Reserve made its first big interest-rate cut in four years in an attempt to stanch the leaking housing and credit bubble, iconic former Fed chief Alan Greenspan had something to say. On the occasion of his new memoir topping the best-seller list, the finance gnome was grilled at the 92nd Street Y before a packed house — by none other than his wife, veteran NBC correspondent Andrea Mitchell. "I'm torn between proving my objective journalistic values and wanting to save my marriage," Mitchell confessed early on. She seemed to favor the former impulse by dogging 81-year-old Greenspan, twenty years her senior, on whether he helped set up the current bust by repeatedly lowering interest rates post-9/11. "Guilty or not guilty?" she asked him. When Greenspan pleaded the latter, she reminded him that other experts had warned that super-low rates might fuel a backfire. "If you had some inkling, why were you so bullish about adjustable-rate mortgages?" she persisted. (Greenspan said that he'd only promoted ARMs on prime mortgages, not forseeing the subprime implosion that's driven the current chill.) Mitchell concluded by asking her owlishly visaged old hub a question submitted from the audience: How do you deal with stress? "Have your wife talk to you nicely and pleasantly," the Oracular One grumbled.

Did Milk and Honey Change Its Number Because of a DOH Closing?

Milk & Honey
We were a bit surprised to find out that the place with the rules posted in the bathroom was flaunting the rules of the Department of Health — at least, according to inspectors who shut Milk and Honey down after it racked up 83 points in a July 31 inspection (the citywide average is 13 points; inspections of Milk and Honey in previous years yielded 17 and 4 points). The most scandalous thing about the violation report isn’t the “other live animal” that was present in the bar but that the inspection report printed the place’s coveted unlisted phone number! Is this why the number was changed? And was this the city’s revenge for all those calls a 311 operator told us the help line gets asking for the digits? Either way, rest assured that from now on those ginger roots will be shaved with gloves on. Related: Restaurant Inspection Information: Milk and Honey [NYC.gov]