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« April 2007 | Main

Manhattan Condos Tighten the Rules

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Historically, condos have cost more, partly because they had looser rules, and partly because of their scarcity. Although both are changing, the price differential between condos and co-ops has remained roughly the same. Nor has the shift toward co-op-style behavior so far seemed to affect condo prices. The average sales price for Manhattan condos in the first quarter of this year was $1.45 million, 28% more than the average sales price for co-ops, which was $1.13m, according to sales data from Prudential Douglas Elliman.

» nytimes.com [ Contribute: submit link / submit article / submit company ]

Project HYDRA Secure Super Grid: Attack-Proof Power Line Under NYC

American Superconductor Corporation and Con Edison, announced joint effort to develop and deploy a new system level solution that utilizes high temperature superconductor (HTS) power cable technology in Con Edison's grid in New York City. Code named Project HYDRA, this new technology is capable of carrying very large amounts of power while also being able to automatically suppress power surges. The Department of Homeland Security will invest in the development and demonstration of this technology to enable "Secure Super Grids" in the United States.

» amsuper.com [ Contribute: submit link / submit article / submit company ]

PBS: Spying on the Home Front / Domestic surveillance datalogging

Last night, PBS Frontline aired Spying on the Home Front, devoted to all the ways the US government is spying on us.

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9/11 has indelibly altered America in ways that people are now starting to earnestly question: not only perpetual orange alerts, barricades and body frisks at the airport, but greater government scrutiny of people's records and electronic surveillance of their communications. The watershed, officials tell FRONTLINE, was the government's shift after 9/11 to a strategy of pre-emption at home -- not just prosecuting terrorists for breaking the law, but trying to find and stop them before they strike.

President Bush described his anti-terrorist measures as narrow and targeted, but a FRONTLINE investigation has found that the National Security Agency (NSA) has engaged in wiretapping and sifting Internet communications of millions of Americans; the FBI conducted a data sweep on 250,000 Las Vegas vacationers, and along with more than 50 other agencies, they are mining commercial-sector data banks to an unprecedented degree.

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Even government officials with experience since 9/11 are nagged by anxiety about the jeopardy that a war without end against unseen terrorists poses to our way of life, our personal freedoms. "I always said, when I was in my position running counterterrorism operations for the FBI, 'How much security do you want, and how many rights do you want to give up?'" Larry Mefford, former assistant FBI director, tells Smith. "I can give you more security, but I've got to take away some rights. … Personally, I want to live in a country where you have a common-sense, fair balance, because I'm worried about people that are untrained, unsupervised, doing things with good intentions but, at the end of the day, harm our liberties."

Although the president told the nation that his NSA eavesdropping program was limited to known Al Qaeda agents or supporters abroad making calls into the U.S., comments of other administration officials and intelligence veterans indicate that the NSA cast its net far more widely. AT&T technician Mark Klein inadvertently discovered that the whole flow of Internet traffic in several AT&T operations centers was being regularly diverted to the NSA, a charge indirectly substantiated by John Yoo, the Justice Department lawyer who wrote the official legal memos legitimizing the president's warrantless wiretapping program. Yoo told FRONTLINE: "The government needs to have access to international communications so that it can try to find communications that are coming into the country where Al Qaeda's trying to send messages to cell members in the country. In order to do that, it does have to have access to communication networks."

Spying on the Home Front also looks at a massive FBI data sweep in December 2003. On a tip that Al Qaeda "might have an interest in Las Vegas" around New Year's 2004, the FBI demanded records from all hotels, airlines, rental car agencies, casinos and other businesses on every person who visited Las Vegas in the run-up to the holiday. Stephen Sprouse and Kristin Douglas of Kansas City, Mo., object to being caught in the FBI dragnet in Las Vegas just because they happened to get married there at the wrong moment. Says Douglas, "I'm sure that the government does a lot of things that I don't know about, and I've always been OK with that -- until I found out that I was included."

A check of all 250,000 Las Vegas visitors against terrorist watch lists turned up no known terrorist suspects or associates of suspects. The FBI told FRONTLINE that the records had been kept for more than two years, but have now all been destroyed.

In the broad reach of NSA eavesdropping, the massive FBI data sweep in Las Vegas, access to records gathered by private database companies that allows government agencies to avoid the limitations provided by the Privacy Act, and nearly 200 other government data-mining programs identified by the Government Accounting Office, experienced national security officials and government attorneys see a troubling and potentially dangerous collision between the strategy of pre-emption and the Fourth Amendment's protections against unreasonable search and seizure.

Peter Swire, a law professor and former White House privacy adviser to President Clinton, tells FRONTLINE that since 9/11 the government has been moving away from the traditional legal standard of investigations based on individual suspicion to generalized suspicion. The new standard, Swire says, is: "Check everybody. Everybody is a suspect."

» pbs.org [ Contribute: submit link / submit article / submit company ]

Curl Up With A Good Blog

Publishers increasingly turn to the web to find new talent - but they should be doing it more. Once upon a time, a writer would have to try to attract the interest of an agent in the hope they would submit their proposals to publishers and beg them a book deal. Now, however, it would appear to just be a simple matter of a writer posting their work online and then sitting back waiting for the offers to roll in.

Yesterday's announcement of this year's winners of the award for blogs turned into books, the Lulu Blooker prize, would have us believe that many publishers are perusing blogs with the aim of adapting them into books. The website eagerly claims, "Traditional publishing houses, ever in search of the next big name author, have begun to mine blogs and websites for new talent."

» guardian.co.uk [ Contribute: submit link / submit article / submit company ]

New York Sues Dell for Deceptive Business Practices

New York Attorney General Andrew Cuomo is suing Dell, alleging bait and switch financing tactics, false advertising, and 'numerous other deceptive business practices relating to their technical support services, promotional financing, rebate offers, and billing and collection activity.' According to Cuomo himself, 'At Dell, customer service means no service at all.'

» state.ny.us [ Contribute: submit link / submit article / submit company ]

Lindsay Lohan sued; NYC photographer says she hit him with BMW

Lindsay Lohan and her mother have been sued by a New York City freelance photographer who claims the 'Georgia Rule' actress struck him with a BMW.

Photographer Giovanni Arnold claims he 'sustained severe and permanent personal injuries' when he was struck by the BMW on Ninth Avenue between 12th and 13th streets in Manhattan on March 13.

Arnold's attorney, Marc Mauser, said Tuesday that his client suffered injuries to both knees and was 'still getting medical treatment.' He said Arnold was seeking unspecified monetary damages 'for his pain and suffering and his lost wages.'

» AP [ Contribute: submit link / submit article / submit company ]

New York City Renters Cope With Squeeze

Property and Portfolio Research: The vacancy rate for Manhattan rentals is now estimated at 3.7%... It is expected to shrink to 3.3% by the end of this year and to 2.9% by 2011. Renters without high salaries… are squeezing in extra roommates or making alterations... The rents for one-bedroom apartments in Manhattan average $2,567 a month, and two-bedrooms average $3,854 a month, according to data from Citi Habitats. Because landlords typically require renters to earn 40 times their monthly rent in annual income, renters of those average apartments would need to earn at least $102,680, individually or combined, to qualify for a one-bedroom and $154,160 to afford a two-bedroom.

» nytimes.com [ Contribute: submit link / submit article / submit company ]

Turtle Tries to Lay Eggs Near NYC Wollman Rink

A determined turtle crawled up a flight of stairs and trudged toward Central Park's ice skating rink in an apparent urge to lay eggs near the rink, park officials said. The 20-pound snapping turtle turned up near the Wollman Rink three times on Friday, according to park officials. The animal's first foray was at about 7:30 a.m., said Douglas Blonsky, the president of the Central Park Conservancy, the nonprofit group that manages the park.

» Associated Press

Record price for lower Manhattan office building

Record price for lower Manhattan office building. Deutsche Bank agreed to sell its North American headquarters at 60 Wall St. in New York to German billionaire mail-order retailer Michael Otto, for $1.18 billion. The 1.6 million-sf tower sold for $732/foot, a record for lower Manhattan, according to Real Capital Analytics. The bank will remain in the building for the next 15 years under a lease agreement reached with the owners. Lower Manhattan office rents are surging as the area recovers from the Sept. 11 terrorist attacks. Rents averaged a record $52.86/sf in Q1, up 43% in a year, while the vacancy rate fell 36% to 7.6%, according to Grubb & Ellis.

Home Prices Fall in Rich New York Suburbs Once Immune to Slump

MLS: The average price in Westport, Connecticut, fell 8.2% to $1.56 million in Jan.-April 2007, from Jan.-Apr. 2006.... In Chappaqua, New York… properties sit on the market an average of seven months before they sell, up from five months a year ago… The tightening of credit in response to rising subprime defaults has disrupted the real estate food chain… Prices fell as much as 18.8% this year in areas of… New Jersey, Connecticut and New York's Westchester County… Larchmont and Mamaroneck experienced a drop of 18.8% to $1.08m… In Bronxville, the slide was 12.4% to $1.34m. Home prices continue to climb in the wealthiest California suburbs, at a much slower pace.

» bloomberg