The Afternoon Wrap: Monday

The National Bureau of Economic Research officially announces a U.S. recession; the Dow drops 680 points. [NY Times]

A bus driver is stabbed to death in Bed-Stuy after denying a passenger a transfer. [City Room]

Jersey City’s City Council votes against naming a street by the Trump Plaza after The Donald. [Jersey Journal via Curbed]

Greenpoint actually likes Dean Palin’s idea for a 40-story waterfront tower?! [Curbed]

New York retailers like Tiffany and Barnes & Noble pull back on expansion plans as the economy nosedives. [TRD]

The National Community Reinvestment Coalition files a civil rights suit against two Wall Street ratings agencies on behalf of minority subprime mortgage holders. [TRD]

The Edge is opening its lofty doors to low-income and middle-income New Yorkers—but act now! They shut again on Dec. 3. [Williamsburg is Dead]

Two Queens residents pushing to transform Flushing Airport from 26 acres of abandoned wasteland into a “light recreation facility” with baseball fields and a driving range. [Queens Crap]

The EDC bows to common sense and agrees to open the Essex Street Market on Sundays… but only for December. [Racked via BoweryBoogie]

Crain’s poll shows 40 percent of New Yorkers fear losing their jobs. [Crain’s via Gowanus Canal]

Once mighty 20 Pine renting units on the (relatively) cheap. [Streeteasy via Curbed]

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