Monday, May 11, 2009

How the recession may change New York City

New York magazine's cover story this week is titled "Recession Culture." And it begins:

It’s a truism now that money was an engulfing, distorting force of the boom years, particularly in New York. At the level of urban development, it skewed our economy; at the level of culture, it misshaped values; at the level of individual behavior, it corrupted habits and discolored thoughts: This is your brain on money.

1 comment:

prodigal son said...

I was hoping the recession would come just in time to save what was left of non-vongliferized Manhattan, but I'm not thinking it may be too late, especially if the bailouts push it back a couple years.