A Literal Economic Meltdown

Photographs by Frank Franklin II/AP

Today, on the 79th anniversary of the 1929 Black Tuesday stock market crash, artists Nora Ligorano and Marshall Reese-- Ligorano/Reese-- installed an ice sculpture of the word "Economy" in Foley Square. And the piece, called "Main Street Meltdown," is a "temporary monument" and Ligorano explained, "To see the word 'economy' melting down is representational of our extreme time.”

You can see the sculpture at Foley Square, south of Worth Street, between Centre and Lafayette Streets (across from the NY State Supreme Court building). There's a photo of the sculpture partially melted after the jump--more photographs and video at their website, Main Street Meltdown. Other recent statements about the economy downtown: The charging bull gets blue balls, a kid reenacts apple selling of the Depression, and a "pimp" was seen walking on John Street.