U.S. stock markets have not fared well in just the first dozen days of 2008, as indices are being dragged down by worries about the continuing subprime loan meltdown and the after-effects that a tightening in capital lending could have on the economy. According to The New York Times, Friday was just the worst of a bad stretch across the boards: The Dow Jones Industrial Average fell 246 points, or 1.9%, and is down 5%......

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......

With the economy acting as though it's on a roller coaster given concerns about credit and mortgage markets, NYC real estate brokers are feeling the pains. Some potential buyers who would have qualified before issues with the mortgage markets now find themselves struggling to get the loans they need and being asked to put more of their money down. However, we will say it's hard to be sympathetic to someone looking for a $3.3......

Dow Jones Industrial Average dropped more than 300 points by mid-day as worldwide financial markets worry about the U.S. credit market. The Dow Jones, as well as the Standard & Poor's 500 and Nasdaq, have lost 10% since July, and a strategist at Absolute Strategy Research tells the Times, "The psychology is shifting notably today. When a market drops by 10 percent, people start to feel it in their portfolios. People are used to......

Yesterday, the Dow Jones Industrial Average closed at 11,011.90, above 11,000 for the first time since June 7, 2001. Reaching 11,000, while symbolic, is still signifigant as it is a sign that the markets are going in the right direction. A big reason for yesterday's gain was the stock of GM, which has took a beating last year but was given some positive reports from Goldman Sachs, causing the stock to go up 7.7%. The......