Crain's New York Business articles from February 2009

Crain's New York Business archives from February 2009

Warm Treats on Frigid Days.(Brief article)
February 2, 2009... maribelle is one of the best spots in the city to indulge yourself with a cup of hot chocolate. If you want to be immersed in the tea culture, the T Salon in the Chelsea Market has every kind of tea you can imagine, from infusions and herbs to...

The Weeks Ahead.(Calendar)
February 2, 2009... Byline: maia blume This Week's Events February 3 B'nai B'rith Real Estate Unit holds lunch with speaker Anthony E. Malkin, president of W&H Properties. 12 p.m. to 2 p.m., Cornell Club, 6 E. 44th St., Ivy Room. Fee: $60 in advance,...

NJ spot passes test of time; At 38, Roberto's II keeps serving large portions of Italian food; price is right.(Roberto's II restaurant)
February 2, 2009... Byline: Bob Lape Many new jersey mayors and other public figures may be seen toting bags of food from Roberto's II in Edgewater. There is nothing untoward about that. Almost everyone who dines at Roberto's will take home a healthy helping...

No rescue plan for newspapers.(Viewpoint)
February 2, 2009... Byline: Valerie Block In the past few months, the United States has bailed out bankers, car companies and insurance giants deemed too big to fail. But what about the newspaper industry? Are our newspapers too important to fail? Can a...

New York, New York.(Briefs)
February 2, 2009... Byline: edited by Valerie Block Bloomberg LP's new game Bloomberg lp is creating a product dedicated to the one subject that excites its mostly male customers almost as much as money. No, not that. Sports. According to an...

In the Markets.(News)
February 2, 2009... Byline: Erik Ipsen Polo dresses down for the times Polo ralph lauren corp., an outfit long associated with the good times, is running a surprisingly good race in bad times. As Americans trade down, Polo has emerged with some of the...

GIVING OTHERS A CHANCE.(Business Lives)
February 2, 2009... After experiencing the difficulties and expense of the adoption process firsthand, one couple decided to start a nonprofit to help other families who can't afford it. Becky and Kipp Fawcett launched HelpUsAdopt.org a year and a half ago,...

Caritas nears reckoning; Queens system headed toward bankruptcy after millions spent.(News)
February 2, 2009... Byline: Barbara Benson After months of intense negotiations among hospital executives, local politicians and state leaders about how to save Caritas, the two-hospital system in Queens appears headed for bankruptcy court within a week. Even...

CORRECTION.(Corrections)(Correction notice)
February 2, 2009... John Calvin Slemp is managing director of global security and privacy solutions at Protiviti. His title was misstated in the Jan. 26 "Expert Opinions'' column.

The Insider.(Briefs)
February 2, 2009... Byline: Erik Engquist and Matthew Sollars 2009-10 election flowchart Despite gov. david paterson's recent struggles, Democratic strategists don't believe that he will be challenged by state Attorney General Andrew Cuomo in the 2010...

New clues to asthma causes; Researcher IDs gut bug as possible player.(News)
February 2, 2009... Byline: Gale Scott For years, New York City's medical researchers have been puzzled by the prevalence of childhood asthma, the rate of which has doubled since 1930. The ailment afflicts 300,000 children here, results in about 200 deaths...

In Brief.(Tremont Group Holdings invested assets of $6 billion)(Brief article)
February 2, 2009... A hedge fund that lost billions with Bernard Madoff ceased operations and laid off most of its staff last Friday. Rye Investment Management, a division of Tremont Group Holdings, was responsible for more than half of its parent company's...

Private high schools multiply; Trendy Greenwich High isn't the only newcomer to sprout during the downturn.(News)
February 2, 2009... Byline: Amanda Fung Posh greenwich Village High School, which boasts media bigwigs like Graydon Carter of Vanity Fair on its advisory board, will make its splashy debut in September. But it won't be the only new private school in town...

Company delistings on NYSE, Nasdaq head toward peak; Two exchanges relax their standards to stem the losses.(News)
February 2, 2009... Byline: Hilary Potkewitz The nation's two largest stock exchanges are getting smaller by the day. At both the New York Stock Exchange and the Nasdaq, companies are being delisted at the highest rates in five years as fleeing investors...

WALL STREET 2.0; First hints of revival provide peek at the future.(News)
February 2, 2009... Byline: AARON ELSTEIN Don't look now, but amid the darkest times to hit Wall Street in nearly 80 years there are stirrings of life. As the new Obama administration races to repair the shattered banking system, investors are beginning to...

Diane Keaton memoir gets $2 million bid; Book will focus on actress's relationship with her mother.(Business Lives)
February 2, 2009... Byline: Matthew Flamm Diane keaton is shopping a memoir, but in keeping with the self-effacing character of the 63-year-old actress, the book will not be just about her. Ms. Keaton wants to write a memoir of herself and her mother,...

Mayor's dicey tax proposal; Plan to hike city sales tax faces fierce opposition.(News)
February 2, 2009... Byline: Erik Engquist Mayor michael Bloomberg stepped further into a political minefield last week with his proposal to increase the sales tax and take other unpopular steps to plug a $4 billion hole in the city's 2010 budget. The path he...

WINNERS & LOSERS Stimulus Edition.(News)
February 2, 2009... Congress is closing in on a stimulus package. Last week, the House passed a bill worth $819 billion. The Senate still has to pass its own version, and a compromise bill must be drawn up. But the differences are not vast, and the legislators...

A budget balancing act; Ritz-Carlton GM tries to revive occupancy but stay posh; good pedigree, tough times.(Business Lives)
February 2, 2009... Byline: Lisa Fickenscher As layoffs piled up last November, Greg Mendoza landed a plum job in New York. But the new general manager of the Ritz-Carlton hotel in Battery Park didn't have much time to celebrate. He was immediately pressed...

Harlem housing complex goes green; Buyer of W. 135th St. buildings will follow up with eco-upgrade costing $4 million.(Real Estate)
February 2, 2009... An affordable housing complex is set to go green now that it has been acquired by an investment fund specializing in transforming buildings into environmentally friendly properties. The Rose Smart Growth Investment Fund I bought 198 units...

Bankers, beware: D.C. calls the shots; Bonus furor gives taste of life with feds in charge.(News)
February 2, 2009... Byline: AARON ELSTEIN Lavish bonuses, as central to life on Wall Street as BlackBerrys, dinners at Bobby Van's Steakhouse and late-night rides home passed out in a Town Car, are under siege. Outrage over news that banks had showered...

Once-bustling W. Broadway turns into retail afterthought; Losing tenants as merchants follow customers to B'way.(News)
February 2, 2009... Byline: Adrianne Pasquarelli Two years ago, upscale shoe store Te Casan seemed like a perfect fit for West Broadway. The retailer built out a dazzling 5,500 square feet on the downtown corridor for its first boutique and promoted...

Suggestions.(Special Report: The Future of NYC)
February 2, 2009... From encouraging incubator space to creating an idea factory PReinstate tax incentives for converting commercial space to residential use in lower Manhattan. --Barry Gosin, CEO, Newmark Knight Frank PCreate a New York idea factory...

Hot Jobs.(Business Lives)
February 2, 2009... Byline: amanda fung WANTED: president ORGANIZATion Brooklyn College JOB DESCRIPTION Oversee one of the City University of New York's fastest-growing colleges MOST IMPORTANT TASKS Guide the college through the current economic...

Picture darkens for city's museums; Funding cuts, shrinking endowments, tourism decline make this recession worst.(News)
February 2, 2009... Byline: MIRIAM KREININ SOUCCAR As a way to save money, the Queens Museum of Art will no longer provide visitors with exhibition brochures. The American Museum of Natural History has canceled its popular Friday night jazz concerts. And the...

James Brady: an appreciation.(Obituary)(Brief article)
February 2, 2009... Byline: Greg David editorial director Longtime journalist and Crain's New York Business columnist James Brady died last week at age 80. When rance crain decided to start Crain's New York Business in 1984, he knew he needed a name...

PARSING THE PLANS.(News)
February 2, 2009... The comprehensive health care plans aimed at small businesses from Aetna and Empire Blue Cross Blue Shield offer more affordable premiums than previous programs, but with generally higher co-pays, including hundreds of dollars for inpatient...

Mets beat Yankees in stadium game; All of Shea should be down by home opener; honorary markers in parking lot.(Neighborhood Journal)
February 2, 2009... In new york's megadollar stadium deconstruction game, it's no contest. Flushing's finest have a commanding lead, and they're bringing in their closer. As of last week, only the slice of Shea Stadium behind home plate remained standing. A...

NY's economic success stories.(Viewpoint)(Viewpoint essay)
February 2, 2009... Believe it or not, there is good news about the New York economy. Although we're in the worst national economic downturn since the Great Depression, three industries in the city are doing well. And therein lie a number of important...

Protection against Online Threats.(Business Lives)
February 2, 2009... ***** Correction: John Calvin Slemp is managing director of global security and privacy solutions at Protiviti. His title was misstated in the Jan. 26 "Expert Opinions'' column. ***** Cyberthreats tend to prey on people's navete....

Hot Jobs.(Business Lives)
February 9, 2009... Byline: miriam kreinin souccar WANTED: chief executive Organization The Children's Aid Society JOB DESCRIPTION Running a 156-year-old nonprofit children's services agency MOST IMPORTANT TASK Keeping the organization fiscally...

Best of Bob Lape.(Directory)(Brief article)
February 9, 2009... Other Asian attractions: Tengda Asian Bistro (3 stars) www.tengdaasianbistro.com 286 Katonah Ave. (next to the post office), Katonah, N.Y. (914) 232-3900. A colorful and appealing pan-Asian attraction serving hefty portions of...

Was it right to cap executive pay at companies receiving bailout funds? CRAIN'S ONLINE POLL.(Viewpoint)
February 9, 2009... 527 VOTES Date of poll: Feb. 4 82% Yes. Executives cannot be receiving multimillion-dollar compensation packages when their companies are receiving billions of dollars in taxpayer money. 8% Maybe. If companies are getting huge...

Ideas to help NY's economy.(Future of New York City conference)(Conference news)(Brief article)
February 9, 2009... In a telephone call preceding the Future of New York City conference, one of the panelists said he didn't want to sugarcoat the economic difficulties facing the city. At last week's event, sponsored by Crain's New York Business and the...

Down and out in NYC on $500,000 a year; So, how quickly would you burn through half a million?(News)
February 9, 2009... Byline: Hilary Potkewitz When president Barack Obama last week announced a $500,000 salary cap on pay for top brass at institutions receiving federal bailout funds, a collective shudder went through the corner offices of Manhattan. And the...

Developer seeks to sublet pricey HQ; Broadway Partners will move out of Seagram Building if it can find a renter.(Real Estate)
February 9, 2009... After missing its $750 million loan payment last month, Broadway Partners is trying to save a little bit of cash where it can--at home. The highly leveraged real estate company is attempting to sublet its hugely pricey headquarters at the...

NYC film industry at risk as Albany tax breaks run out; Allocation for state incentives, set to last until 2013, depleted.(News)
February 9, 2009... Byline: Matthew Flamm A state tax credit program that brought film and television production in New York to a record high last year has run out of money, threatening jobs in the one sector of the city's economy that had been expected to...

Even displaced Wall Street workers need some help; Initiatives help pros retool, open new paths, transition to self-employment.(www.careerlinknyc.com)
February 9, 2009... Byline: Matthew Sollars New york has launched a new effort to ensure that bankers and other professionals laid off in the Wall Street meltdown stay in the city. A Web site provides guidance for the recently unemployed on how to apply...

Learning new language; Head of Univision's digital division needs to tap growing Hispanic market.(Business Lives)
February 9, 2009... Byline: Amanda Fung When he became the head of AOL's broadband business in 2003, Kevin Conroy was given the option of commuting to work. Instead, he relocated his wife and three daughters to Washington, D.C., from New York City. He...

That's a lot of face time; For married entrepreneurs, Valentine's is just a day.
February 9, 2009... Byline: AMANDA FUNG Serial business owners Michael and Kass Lazerow started their first company, Golf.com, before they tied the knot. Since they were both working and living together, Mr. Lazerow had to pop the question in an e-mail in...

Book deal for Swayze; Atria to publish actor's memoir.(Business Lives)
February 9, 2009... Byline: Matthew Flamm Patrick swayze's much-sought-after memoir has found a home. Atria Books, an imprint of Simon & Schuster, acquired world rights for the book, according to a publishing industry executive with knowledge of the deal....

Korean eatery joins the crowd; Boka serves `drinking food' on hopping St. Marks Place; service can be slipshod.(Business Lives)
February 9, 2009... The sun seldom sets on St. Marks Place in the East Village. Young and lively night owls troll narrow, jam-packed eateries of all kinds at all hours for food and drink. Add yet another Asian attraction to the block between Second and Third...

Newspapers rewrite the future; Politico, GlobalPost, others get pickup as major outlets downsize staff.(News)
February 9, 2009... Byline: Matthew Flamm As newspapers crumble around the country, shoring them up and plugging their holes is becoming an industry of its own. A host of enterprises has sprung up to offer in-depth coverage for papers stretched thin by...

The Insider.
February 9, 2009... Byline: Erik Engquist and Matthew Sollars Hiring spree won't help mayor Republicans say Mayor Michael Bloomberg has hurt his chances of winning the party's ballot line this fall by filling his campaign staff with Democratic operatives....

Scion slips up; Golden boy Kent Swig's swagger now a stagger.(News)
February 9, 2009... Byline: Theresa Agovino kent swig seemed to have it all. The scion of a prominent West Coast real estate clan, he started scooping up downtown office buildings at bargain prices a decade ago and established himself as an industry force....

Misery Meter; Weekly reading on the direction of the city's economy.(News)
February 9, 2009... Feb. 9 Day that Treasury Secretary Geithner will unveil banking overhaul plan 1 pt. Gain in consumer confidence in NYS in January (Siena Poll) +6.8% Bloomberg/ Crain's NY stock index weekly change positive meter...

The Weeks Ahead.(Calendar)
February 9, 2009... Byline: maia blume This Week's Events February 10 American Business Women's Association holds networking dinner. 5:45 p.m. to 8:30 p.m., Domenico's Restaurant, 120 E. 40th St. Fee: $30 members and first-time guests, $40...

Mayor: Innovators are the key; Insists NYC well-situated to attract major talent.(The Future of New York City)
February 9, 2009... Byline: Daniel Massey New york city's greatest asset--its human capital--will come up with innovative ideas to fuel growth and help prevent the city from returning to the dark days of the 1970s, according to Mayor Michael Bloomberg. ...

Aiming to weather tourism dip; Drop in foreign visitors hurts most; hotels here hold up better than others.(The Future of New York City)
February 9, 2009... Byline: Lisa Fickenscher The record-setting days for New York City tourism are gone, at least for 2009. A new estimate puts the number of visitors to the Big Apple this year at 44.5 million--5% fewer people than came here last year,...

Traditional media stymied; One-two hit of Web migration, recession has industry execs looking to 2010.(The Future of New York City)
February 9, 2009... Byline: Matthew Flamm New york will continue to be home to traditional media businesses, insisted three top industry executives at the Future of New York City conference, sponsored by Crain's New York Business and the Partnership for New...

Creating a user-friendly development process; Effort to modernize will unclog systems, but builders say more is needed.(The Future of New York City)
February 9, 2009... Byline: Theresa Agovino As the economic crisis brings construction activity to a virtual standstill, the city plans to streamline the development approval process with such steps as computerizing portions of the procedure so builders can...

Dimon on offensive, but with some caveats; Says banks are gun-shy, calls for more regs.(The Future of New York City)
February 9, 2009... Byline: Aaron Elstein j.p. morgan chase & co. Chief Executive Jamie Dimon says his bank is lending aggressively as federal scrutiny grows over how institutions like his are deploying their billions in bailout money. "Are banks lending?...

New York, New York.(Briefs)
February 9, 2009... Byline: edited by valerie block Legal battle on high seas Haggling with somali pirates may not be part of a typical job description for New York lawyers, but that's exactly what Bruce Paulson and Larry Rutkowski were up to last month....

Brooklyn residents want jailbreak; City plans to reopen, expand Atlantic Ave. facility; efficiency isn't convincing.
February 9, 2009... Boerum hill residents are waiting anxiously for a court decision on the Brooklyn House of Detention. Locals have sued to lock down the city's plans to reopen and double the size of the block-long facility on Atlantic Avenue. When the city...

In the Markets.(Stock price indexes)
February 9, 2009... Byline: Aaron Elstein & Adrianne Pasquarelli Mr. Market? He's just not that into you Things aren't so rosy at 1-800-Flowers.com Inc. After posting a profit drop of 23%, to $14.9 million, for the quarter ended Dec. 28--the holiday...

OUT OF NECESSITY.(entrepreneurs Shenan Reed and Alex Golimbu startup with internet servics)(Brief article)
February 9, 2009... Some couples end up working together as a last resort. The dot-com bust of 2000 propelled Shenan Reed and Alex Golimbu into co-entrepreneurship. When Mr. Golimbu's Internet startup folded during the crash, he took a job as Shenan's...

Diminished mogul; Investors express disappointment in News Corp.'s once-revered chief.(News)
February 9, 2009... Byline: Matthew Flamm It isn't just the media business that is going through unprecedented change. Media moguls aren't what they used to be, either. That includes Rupert Murdoch. Like former Olympian media figures Sumner Redstone and...

Fashion Week's new digs; Uptown move could unravel struggling garment district.(News)
February 9, 2009... Byline: Adrianne Pasquarelli As mercedes-benz Fashion Week preps for its Friday entrance and clothing designers try to reinject their garbfest with glam, industry insiders are greeting with both cheers and jeers the announcement that the...

Recession-time job hunting.(Business Lives)
February 9, 2009... Approach the job search like it's a job itself, and think like a marketer: How are you going to sell yourself while keeping your pitch professional? Pick three things to highlight about your career to capture a recruiter's attention. Be...

No, they're not crazy; They're entrepreneurs.(Small Business Report)
February 9, 2009... Byline: Steve Garmhausen Crain's found four businesspeople who, by circumstance and choice, are launching companies in the teeth of the recession. Bath Junkie is counting on the idea that people will want to indulge, even in hard times. A...

Squaring optimism with NY's reality.(New York City conference)
February 9, 2009... Byline: Alair Townsend This, too, shall pass. That mood of defiant optimism was palpable at last week's Future of New York City conference, sponsored by Crain's and the Partnership for New York City. Indeed, "we are very lucky to be New...

Harassed companies swat at gadflies; AIG, Citigroup, Time Warner seek to silence vocal group of investors.(News)
February 9, 2009... Byline: Aaron Elstein After last year's stock market collapse, it's no surprise angry investors are ready to storm the gates. What's striking is how far companies will go to lock investors out. More than a dozen of the nation's largest...

Stacked system allows huge salaries.(Viewpoint)(Viewpoint essay)
February 9, 2009... In a perfect world, company boards would hold executives accountable for failures and reduce or eliminate bonuses. Given the abject failures of the companies requesting bailouts, you would have expected that to have been done, but it was not....

NYC, London vie for the bottom; British capital seen as harder-hit.
February 9, 2009... Byline: Daniel Massey To sunil hirani, the first hint of London's troubles comes in the form of empty seats on his twice-a-month flights from New York. Upon arrival, he notes other tell-tale signs: the empty streets, the omnipresent...

Take a sick day already!(Business Lives)(Brief article)
February 16, 2009... if you aren't feeling well, don't go to work. You don't want to contaminate your office, and you aren't likely to be as productive. To avoid catching someone else's cold, keep your distance and avoid shaking hands. Use sanitizers to keep your...

Unions fight to control piggy bank; Amalgamated is target in hotel, garment divorce.(News)
February 16, 2009... Byline: Daniel Massey Amalgamated bank, the nation's only 100% union-owned bank, finds itself at the center of the crumbling marriage between garment workers and hotel employees. Each side is vying for control of the $4.5 billion-asset New...

City landlords breaking out bells and whistles; Lure brokers, buyers with trips, other freebies as demand slows.(News)
February 16, 2009... Byline: Amanda Fung Early this month, nearly 100 brokers turned up for an open house at Miraval Living on East 72nd Street. Sure, the upscale condominium features its own mini-park and spa, but what drew the crowd on a cold night was...

Stimulus = status quo; Most money will go to prop up public sector; few jobs being created.(News)
February 16, 2009... Byline: Matthew Sollars The federal stimulus package has been hailed as this generation's New Deal, a program that will "save or create'' 3.5 million jobs nationwide. But New York's share of the money will largely go toward plugging gaping...

Video game makers playing to win; Despite slower sales growth amid recession, many NYC firms are still hiring.(Small Business)
February 16, 2009... Byline: Karen J. Bannan Ariele mason's fortunes were firmly tied to Wall Street's until she was laid off this past November. During the two and a half years she worked as a technology consultant for Computer Sciences Corp., her clients...

Deepening property pit in January; Leasing hits 6-year low; rents sag beneath the surface.(Real Estate Report)
February 16, 2009... Amid a deepening recession, leasing volume in January hit the lowest monthly level in at least six years as it plunged 47% from the year-ago period. Officially, average commercial rents increased 4% from the year-ago period but are down 7%...

Mort's triumphs turning sour; Stalled building projects, falling values hit hard.(News)
February 16, 2009... Byline: Amanda Fung Boston properties Chairman Mortimer Zuckerman could barely contain his glee after picking up the General Motors Building last summer for $2.8 billion in a fire sale, trumpeting the transaction as the best he had made in...

Is the U.S. economy in a depression? Crain's online poll.(Viewpoint)
February 16, 2009... 410 VOTES Date of poll: Feb 10 43% Yes. The economy has now gone from very bad to even worse. 34% No. The economy is going through a severe downturn, but it's nowhere near as bad as the 1930s. 23% Maybe. Only time will tell...

Banks are lending? Feh, say biz owners.(News)
February 16, 2009... Byline: Hilary Potkewitz When jerry pozniak saw the chief executive of Bank of America--his bank!--and eight other top financiers testify before Congress last week that they were indeed lending money by the billions, all he could do was...

Liquor stores, wineries face off; Fight gets nasty over proposal that would allow supermarkets to sell wine.(News)
February 16, 2009... Byline: Lisa Fickenscher Scott osborn, the proprietor of Fox Run Vineyards in the Finger Lakes region, is shocked at the vitriol that has been hurled against him and his staff since he testified two weeks ago in favor of legislation that...

New York, New York.(Briefs)
February 16, 2009... Byline: edited by Valerie Block Restaurateur steps up to the plate The hottest place to go for a meal this spring may be Citi Field. Foodies can add Drew Nieporent (right), owner of Nobu, Tribeca Grill and several other fine dining...

The art of making toys; Kidrobot chief must keep firm marching forward in difficult retail environment.(Business Lives)(Company overview)
February 16, 2009... Byline: Adrianne Pasquarelli Last year, entertainment company Wild Brain Inc. needed some extra voices for its popular kids television series Yo Gabba Gabba, airing on Nickelodeon. Diego Marchioni, then Wild Brain's chief operating...

Misery Meter; Weekly reading on the direction of the city's economy.(News)
February 16, 2009... 1% Gain in retail sales in January as steep price cuts lure shoppers (U.S. Commerce Dept.) $720M Amount raised by baby-food maker in first new stock offering in three months -5.0% Bloomberg/ Crain's NY stock index weekly...

In the Markets.(Briefs)
February 16, 2009... Citi's Pandit is quite the long-term thinker Chief executive Vikram Pandit has a novel idea for how the feds could help Citigroup Inc. deal with the huge losses festering in its books: Bill us later. During a congressional hearing last...

NYC's labor-cost survival guide.(Viewpoint)
February 16, 2009... Byline: Greg David On a recent saturday, the matinee performance of The Lion King was packed with families. In the orchestra seats, I saw numbers of fathers and mothers with two children and wondered when they had decided to spend $500 on...

A PIECE OF THE ACTION.(Real Estate Report)
February 16, 2009... The good news for brokers paddling into the still-quiet waters of the distressed-debt market is not just that business is about to take off. Bankers like John McDonagh, a managing director in J.P. Morgan Chase's real estate workout...

Myths about taxing the rich.(Viewpoint)
February 16, 2009... No matter how much money the federal stimulus plan funnels to New York, politicians in Albany will face a hole in the state budget that will exceed $10 billion. Many of them believe they can fill the gap with higher taxes, especially on those...

Correction.(Corrections)(Correction notice)
February 16, 2009... Medicaid accounts for 20% of the New York state operating budget and 31% of the all funds budget, which includes federal money given to the state. The figures were understated in Greg David's Jan. 26 column, " `Devastating' is in the eye of the...

Workout converts.(Real Estate Report)
February 16, 2009... Newmark Knight Frank Unit name Strategic advisory services group Formed October 2008 Head Jimmy Kuhn Staff/mix 12 in New York. 4 lawyers, 4 bankers, 4 developers. Background Advising on distressed property is old hat for...

In the dumps about depression; poll comments.(Viewpoint essay)
February 16, 2009... There is no hard definition of a depression, but the International Monetary Fund's managing director, Dominique Strauss-Kahn, said recently that the United States, Western Europe and Japan are in one. Last week, Crain's asked its online readers...