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The Triborough Bridge has a new name. It's now the Robert F. Kennedy Bridge, honoring our past New York state Senator. The Triborough Bridge was originally begun the day after the stock market crash of October 1929. A part of Camelot resides in New York.IMPORTANT NOTE: This blog is a quick comment on an older New York City news headline. Unforeseen NYCo site development delays prevented it’s publication before now. For readership continuity, 100’s of older headlines are to be posted in chronological order until this blog is current. Though some of the stories may no longer be as relevant as they once were, they remain interesting news items worthy of this site’s mention and viewer comments.
[This is a copyrighted editorial, originally published on http://www.NEWYORKCITYonline.com/NYC-Online/blog.php. We invite you to post your comments and reply to others! This piece may be duplicated or printed with permission.]
Superman may now return to Gotham! It’s apparently alright to “leap over tall buildings in a single bound,” in New York City. City-approved permits may now be obtained by parachutists looking to jump off Big Apple buildings. The building owner’s permission is also required. During the Great Depression, many people jumped off buildings because of their financial losses and uncertainty about the future. I wonder if the recent stock market plunge will cause others to “take the plunge,” permit or not, parachute or not.
As financial portfolios decline in Wall Street's Stock Market debacle, so do the prices for most people’s largest asset, their homes. On average, NYC July 2008 home values dropped 16.3% since last July. The study didn’t include co-ops and condos. There are some signs of a price-drop slowdown but no basement price is in sight yet. New York City homeowners did comparably better than owners in other cities. That's little consolation to those hurting here. This bad economy is hitting most of us hard … right where we live.
To be a poker champion is not in the cards for most players. Brooklyn’s Ylon Schwartz, 38, has proven to be an ace among jokers, however. He’s become a recognized and successful tournament player. A former chess master at 23, he did poorly in school. Yet, because of his "gambler’s" reputation, he received several lucrative Wall Street jobs offers; each of which he declined (I wonder if Wall Street institutions still like to hire gamblers after the stock market collapse.). In the 1990’s Schwartz took up and subsequently mastered poker too. This year alone, he’ll earn over $1 million. Not bad for the Park Slope native who once hustled chess games in Manhattan's Washington Square Park.
