The Round-Up: Wednesday

Facing $20 million in structural repairs, a Brooklyn convent closes its doors after 146 years. [NY Times]

New Jersey resigns itself to this month's major toll increases—some as much as 60 percent—along the Turnpike and Atlantic City Expressway. [NY Times] 

Controversy swirls around Paterson’s proposal for an 18 percent tax on non-diet sodas and juices. [NY Times] 

SEC acknowledges it largely ignored ample evidence suggesting wrongdoing at Madoff’s investment empire and promises a full internal investigation. [NY Times] 

Home construction drops to its lowest levels in 50 years, while consumer prices skidded at a record pace last month. [NY Times] 

What $500,000 gets you.  read more »

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