Lower East Side BID to Ring Opening Bell at New York Stock Exchange

World markets are in the toilet, but there’s still plenty of clapping at the opening and closing bells of the New York Stock Exchange, a podium where celebrities are often given honors. Today’s guests are more low-key and of the neighborhood. Indeed, later this morning – 9:30 am – staff from the Lower East Side Business Improvement District will kick off another day of riding the proverbial roller coaster.  For whom the bell tolls, indeed.

[Photo Credit: Ande Whyland]

Said Tim Lemberger of the BID, “the LES logo will be seen worldwide! We’re very excited.”  We also learned that gallery owner and board President Mark Miller will officially ring the bell on behalf of the neighborhood.  His family apparently has ties to the founding of the Exchange way back in 1792.

Meanwhile, here’s Lower East Side resident Nouriel “Dr. Doom” Roubini on the double-dippage:

The U.S. economy is heading into a “double-dip” recession, Nouriel Roubini, the co-founder and chairman of New York-based Roubini Global Economics LLC, said in an interview on Bloomberg Television. The European Central Bank can’t keep buying Italian and Spanish bonds for too long, he said. Advanced economies, including Japan and the U.K., are in trouble, Roubini said.

Roubini purchased a swanky home at 6 East First Street last year for $5.5 million.