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New York, New York, That Teetering Town

Masters of Universe tighten their belts as Wall Street quakes

By Peter Fearon, Newser Staff

Posted Sep 16, 2008 4:36 AM CDT

(Newser) – Amid the financial fallout, even Manhattan's wealthiest consumers are beginning to curb their spending, Reuters reports. Wall Street tremors and belt-tightening by the rich are bound to hit New York City especially hard, and will rock stores, restaurants—and even charities. "We still have... Read full story »

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New York, New York, That Teetering Town

Masters of Universe tighten their belts as Wall Street quakes

Wall Street • Merrill Lynch • Lehman Brothers • American Red Cross • American International Group • Great Depression • Forbes magazine • Matthew Miller • New York State Restaurant Association • LuxCouture • Blue Star Jets • Association of Corporate Contribution Professionals

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More Newser Stories

After Meltdown, 'Safe Will Be the New Sexy': Cramer

'Good, clean, old-fashioned banking' is coming back in US markets

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Era of investment banks ends

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10 Banks Form $70B Fund to Stave Off Crash

Paulson brokers twin public-private liquidity measures

Staggering Wall Street Job Market Takes Another Big Hit

Banks' collapse means loss of 50,000 more jobs

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