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

Posted on: August 11th, 2011 at 6:09 am by

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.

This image has been archived or removed.

[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.

Recent Stories

Adam Schlesinger, Fountains of Wayne Cofounder, Dies of Coronavirus Complications

Adam Schlesinger – whose infectious melodies with Fountains of Wayne, as well as That Thing You Do! endeared himself to a generation – died yesterday morning from complications due to coronavirus. The Emmy Award-winning songwriter was 52. His condition the day before yesterday was reported by his attorney of 25 years as “very sick and heavily […]

Daily Clap: Cheering for COVID-19 First Responders

Since last week, city dwellers confined at home have been applauding first responders in the fight against COVID-19. Each evening at 7:00pm, a citywide round of applause commences. Windows open, balconies fill, and hands emerge. Clapping – or banging pots and pans – for the tireless, selfless work of first responders on the front lines […]

Cuomo Shutters All NYC Playgrounds as COVID-19 Threat Intensifies

It’s finally happened, and this is why we can’t have nice things. All New York City playgrounds are closed to the public to promote “social distancing” during the COVID-19 shutdown. The order comes from Governor Andrew Cuomo, who circumvented Mayor de Blasio on the decision. Hizzoner had not yet ordered closed the playgrounds, but did […]

New 12-Story Development to Rise Across from Essex Crossing on Ludlow Street

Nevermind the pandemic at the doorstep, more development must happen on the Lower East Side. New construction permits were filed this week for a twelve-story mid-block development directly across from the International School of Photography. The property in question is 89-91 Ludlow Street, two parcels which last year changed hands for $12.3 million. The filing […]

Emergency Rehab of Burned-out 70 Mulberry Street Resumes

Chinatown, and the city at large, is increasingly becoming a ghost town, devoid of pedestrians and traffic. Yet, despite the COVID-19 shutdown, work continues at the former PS23, where a devastating five-alarm fire gutted its top floors in January. The project site is apparently considered an emergency, and granted an exception to Governor Cuomo’s executive […]