Senate easily approves rescue plan; House vote expected Friday. [NY Times]
Bloomberg great on managing short-term financial crises, less so with long-term. [NY Times]
State provider of subsidized mortgages forced to raise interest rates after cancelling the sale of $250 million in bonds. [NY Times]
Deal for a $152 million overhaul of George Washington Bridge Bus Station to quadruple the station’s retail capacity. [NY Times]
First public hearing scheduled for tonight on the city’s plan to turn the Kingsbridge Armory into a giant shopping mall. [NYDN]
Willets Point workers furiously protest $2.5 million job-retraining program. [NYDN]
DUMBO’s long transformation into Brooklyn’s most expensive neighborhood. [NY Post]
Gimme Shelter: Natalie Portman sells her $6.55 million West Village condo; Leona Helmsley’s 40-acre Greenwich mansion slashed from $125 million to $95 million; tough times at the Plaza; Pierre triplex finally leaves the market after four years without a buyer. [NY Post]
F.B.I. digs up Long Island lawns looking for dead mobsters. [NY Post]
Port Authority has already spent $173.9 million on Calatrava’s WTC transit hub without seeing anyone construction. [WSJ]
Goldman Sachs and Morgan Stanley do the unthinkable: reinvent themselves as commercial banks. [WSJ]
Farmer Mac—Freddie and Fannie’s younger brother responsible for farm loans—gets a $65 million capital injection to offset a series of bad investments. [WSJ]
Copyright 2008 The New York Observer
