Sure Mongolia is a sparsely populated nation with a GDP just over 25% of what Wall St. alone pays out in bonuses, but this is New York City; and you gotta pay what you owe. So said a U.S. District Court judge Friday, when he ruled that India, Mongolia, and the Phillipines owed New York City tens of millions of dollars in back taxes. Generally consulates, missions, and embassies operate under the convention that they......

Confetti, by Swifty at flickr Today on the Gothamist Newsmap: a large fight at an election on Eldert Ln. in Brooklyn, a stolen DHL truck on Crown St. in Brooklyn, and a child stabbed on 220th St. and 133th Ave. in Queens. Brownstoner notes that the Brooklyn Chamber of Commerce is looking for nominations for the best buildings in Brooklyn. Staten Island Assemblyman Michael Cusick wants 17-year-olds to have the right to vote in......

alphabet city no. 3, by nschaden at flickr Today on the Gothamist Newsmap: a shooting on 120th St. and 3rd Ave. in Manhattan, a stabbing on West 31st St. in Brooklyn, and a fall victim at MoMA in Manhattan. The New York Yankees took first place in franchise spending, with a total payroll of $218.3 million last year. The World Series-winning Boston Red Sox payroll totalled $155.4 million to finish a distant second. The......

THEATER: We saw Fiona Shaw in Samuel Beckett’s Happy Days on Saturday and highly recommend it. Shaw is mesmerizing in her performance as Winnie, crystallizing in her 90-minute virtuoso performance all the desperation, self-delusion and absurdity of an entire lifetime. (Her little-seen costar Tim Potter is also a hoot as Willie.) The production is as bitterly funny as it is affecting, and, as a metaphor, the blasted landscape that devours Winnie is as potent as......

Photograph of Federal Reserve Chairman Ben Bernanke pausing during testimony last week by Dennis Cook/AP After an ugly Monday in global financial markets while the U.S. markets were closed and Asian stock markets plunging today, the Federal Reserve lowered the interest rate by 0.75% in an "emergency move for the first time since 2001." From the Fed's press release:The Committee took this action in view of a weakening of the economic outlook and increasing......

New York City's Department of Finance is projecting that real estate values in the city will remain nearly flat this fiscal (ending September) year. More precisely, it expects only a 1.4% increase in property values, versus an 18% climb this past year. It will be the slowest increment of growth since Mayor Bloomberg took office in 2002, during a real estate boom that enabled budget surpluses, tax cuts, and astounding growth in city spending. The......

The Independent Budget Office of the City of New York released a five page report [pdf] yesterday projecting that beginning next year, the City will face a serious fiscal crisis when it runs a deficit of $3.1 billion. By 2011, that budget shortfall could more than double, to $6.3 billion. The projections merely take into account current trends in New York City and don't factor in the possibility of a widespread national recession. The title......

Today on the Gothamist Newsmap: a water condition at Surf Ave. and West 8th St. in Brooklyn, a car vs. building at 49th St. and 5th Ave. in Manhattan, and a fatality with a person under a subway train at Sutter and Snediker Aves. in Brooklyn. The editors at The New York Times apologize for asserting that Presidential candidate Ron Paul was allied with white supremacists and the American Nazi Party. Racked notes that......

Today on the Gothamist Newsmap: a bank robbery on 1st Ave. in Manhattan, a possible abduction at 183rd St. and Webster Ave. in the Bronx, and a homicide on Cedarcroft Rd. and Home St. in Queens. A student at Stony Brook University was arrested for falsely reporting to police that he had been robbed at knife point on the Suffolk County school's campus. The newborn found by skateboarding teens on a Queens dumpster has......

Mayor Bloomberg has made a big deal out of municipal belt tightening--stressing that the flush budgetary times funded by Wall St. bonuses and record real estate transaction fees can not last forever. Earlier this year, the mayor sent out a memo to the heads of city agencies that emphasized that flush times should not be taken for granted:As you are aware, the City's economy depends in no small measure on the profitability and success of......

Today on the Gothamist Newsmap: a pedestrian struck at White Plains Rd. and 219th St. in the Bronx, an animal incident on Rochelle Pl. on Staten Island, and a hate crime at Columbia University in Manhattan. A tour of Jam Master Jay's studio, where the rap impressario was gunned down five years ago. A brief update on the unforgettable case where a man beat the bejeezus out of a grunting and yelping spin class......

For those not wanting to hit the big Halloween parade (led by today's interviewee) there are other options: Park Slope's Halloween Parade (info here), Clinton Hill's Halloween Walk (info here) Prospect Park South's Halloween Parade (info here) and Williamsburg's Witches Walk (info here). EVENT: Hallowe'en is Happening Downtown at Trinty Church where both both kids and adults will find spooky spectacles tonight. For the little ones there will be an early evening filled with games,......

Today on the Gothamist Newsmap: a white powder incident at 25 Beaver St. in Manhattan, report of a large crowd gathered at the center of the south side of the George Washington Bridge's upper level, and an explosion in the basement of a building at 77th St. and Lexington Ave. in Manhattan. Dedicated bike paths and fences separating them from traffic can only do so much when a cab driver really wants to take......

Today on the Gothamist Newsmap: a suspicious package at Broadway and Wall St. in Manhattan, a shooting at 158th St. and Linden Blvd. in Queens, and a homicide on Popham Ave. in the Bronx. Local One, New York's stagehands union, doesn't want Mayor Bloomberg to mediate in their negotiations with Broadway producers and theater owners. A 40-year-old Staten Island bus driver is accused of sexually assaulting a 16-year-old frequent passenger on his route. The......

A junior trader at one of the world's largest hedge funds, SAC Capital, is suing the company. Andrew Tong alleges that his boss Ping Jiang––the two men are 37 and 41 years old, respectively––forced him to take estrogen hormone pills and wear a dress to work. This was supposedly to feminize him and make him a better trader. Tong also alleges that he was sexually assaulted while at work. If this is the first you've......

Six years ago, the prospects for downtown Manhattan seemed uniformly bleak. A persistent fire that burned for months amidst the wreckage of the World Trade Center filled the air with an acrid smell that was a constant reminder of 9/11. Restaurants and shops shuttered for lack of business. And many firms considered moving across the river, fearing that every tower in the financial district had a virtual target painted on its facade. The New York......

Reader Bill Leahy recently scanned a number of slides that his father took in New York City during the 1950s. Above is a picture of the intersection of Main St. and Northern Blvd. in Flushing, Queens. There are many more pictures that are fascinating looks at the city more than a half century ago. Looking westward up Wall St. at Trinity Church. City Hall when pedestrians could still stroll right past the front steps.......

Today on the Gothamist Newsmap: a person struck by a police car at Canal St. and Broadway in Manhattan, an escaped prisoner at West 110th St. and 7th Ave. in Manhattan, and an amputation on Brewer Blvd. in Queens. A downturn in the markets will hurt more than those that work on Wall St. Mayor Bloomberg warns that a bear market will hurt the whole city as reduced tax revenues necessitate spending cuts. Woody......

Today on the Gothamist Newsmap: a construction accident on West 29th St. and 6th Ave. in Manhattan, a bank robbery on Atlantic St. in Brooklyn, and a shooting on Holland Ave. in the Bronx. The awards aren't for another two and a half weeks, but an informal poll has produced a shortlist of possible Emmy award-winning shows. A New Yorker who is heir to the Romanian castle of Vlad the Impaler, i.e. Count Dracula,......

Despite having been defeated in a City Council vote, where his chief of staff heckled Council Speaker Christine Quinn and threatened a black councilman with assassination, Councilman Charles Barron renamed a street in Brooklyn "Sonny Abubadika Carson Avenue" anyway, declaring that the renaming "is official whether they [presumably the city] take that sign down or not." Sonny Carson's name was struck from a list of people who would get honorary street signs earlier this spring.......

The New York Times looks today at the community of golf caddies who live in Harlem, and commute by public transportation to the many private golf clubs in the tri-state area to practice a trade that they've been doing for decades. Dozens of older men who live and socialize near Harlem mainstays like Sylvia's have been caddying almost their whole lives and represent the first-string of caddies who work at the nearly 200 private golf......

Today on the Gothamist Newsmap: a bank robbery on 101st Ave. in Queens, a boat in distress at the Gateway Marina off Flatbush Ave. in Brooklyn, and an "unusual occurrence" on Wall St. in Manhattan. Brownstoner notes the arduous bureaucratic effort to get DUMBO landmarked, and developers' rush to build before that can happen. The NYPD is initiating TOMS––Total Order Maintenance Sweeps––aboard Metro-North and LIRR trains to deter terrorists commuting from the suburbs, after......

Elliot Spitzer has a whole new attitude about the financial companies inhabiting Wall St. now that he is governor. At one point in time and as state attorney general, Spitzer was a relentless critic, and his mere mentioning of a company's name was enough for tens of billions of dollars of market capitalization to disappear in a few hours. Spitzer strong-armed industry reform by threatening companies and individuals with prosecution while he was the state......

ART: Artist Adrienne Leban (artwork pictured) has been a professor at the School of Visual Arts for almost four decades; her new work is done entirely free-hand, without sketches or instruments, in India ink on wood, watercolor paper, or canvas. (It’s terrific; check it out.) This weekend’s three-day exhibit inaugurates the new Corey Gallery; part of the proceeds will benefit the Susan G. Komen Foundation, the world’s largest grassroots network of breast cancer survivors and......

The simplicity of the name of the site Old Pictures belies the breadth and depth of the historical content it provides. Inside, there is a collection of more than 80,000 images dating from 1850 to 1940. The site's database is searchable, but designed for easy and lengthy browsing. Groups of photographs are also assembled in collections based on themes and defining moments, ranging from photos of the U.S. Civil War (warning: contains graphic photos......

The intersection between gastronomy and eponymy can become a little clouded with time, after ambiguity muddies origins and vested familial or regional pride raises emotional stakes. In contentious days such as these, even seemingly innocuous table conversation can quickly become heated. That is why we find debates over the namesakes of food items highly entertaining. The New York Times addresses Eggs Benedict this Sunday. According to its audio slideshow (link available in Times article sidebar),......

Something named "Philth-Y" presents something we've all been waiting for: the Battle of the Blogosphere. Lay down your bets and put your money on either Fluxblog or Stereogum as they face off, armed only with their knowledge of mashups and downloads of the "next big thing". Which music blogger will prevail? We have no idea, but we're betting that Norwegian pop tart Annie is played at least 4 times throughout the night. Come meet......

This weekend seems to be all about the music. Outside, in parks, on rooftops. It'll be everywhere, and here is where we would be if we were you... The Music of Nick Drake will be played at the Central Park Summerstage featuring New York musicians Josh Max and Julie James, (plus some special guests) and an orchestra led by arranger Robert Kirby, who collaborated with Drake on many of his songs. [via FreeNYC] Saturday, July......

My parents are always bugging me about renting an apartment in New York City, saying I am throwing money out the window by renting and that I should buy a place - But they don't seem to have a grasp of just how expensive real estate is in NYC. They keep telling me that I should take advantage of low interest rates, but I've got a three-digit bank account balance and a very modest salary.......

Daisy May's BBQ turned one yesterday, and chef Adam Perry Lang plans to celebrate this Wednesday with champagne and by taking down the "grand opening" banner -- guess it's time, huh? Adam has grand plans for Daisy May's second year, including offering a football tailgating special this fall. We're keeping our fingers crossed that his plans include some in-store seating, but in the meantime, we're happy to feast on Daisy May's chicken, ribs, sandwiches......