Women's Wear Daily is reporting this morning that Kohlberg Kravis Roberts and Goldman Sachs Group are preparing a $24 billion bid to buy the Macy's retail chain.

According to WWD, a bid was expected last weekend, and both parties want to finalize a deal in time for Macy's investors' meetings scheduled for July 23:  read more »

8:30 a.m. The Observer's Joe Conason talks about his book "It Can Happen Here: Authoritarian Peril in the Age of Bush" on C-SPAN.

8:45 a.m. City Council Speaker Christine Quinn will tour PS/MS 187/287 Hudson Cliffs to view a K-8 middle school model. She will also discuss the Council's Middle School Task Force, and will be releasing the names of members recently appointed to the group at 349 Cabrini Boulevard at Fort Washington.

10 a.m. State Senator Reverend Ruben Diaz will meet with Evangelical Ministers and Expectant Mother Care representatives to discuss the success of the Free Mobile Pro-Life Ultrasound Unit for pregnant Bronx women 910 East 172nd Street and Southern Boulevard.

11 a.m. Brooklyn borough president announces the fourth annual "Dine in Brooklyn" Restaurant Week at Borough Hall in Brooklyn.

Noon. Jewish groups and supporters will hold a prayer vigil to protest Iranian policy toward Israel outside the Iranian Mission to the U.N., 40th Street and Third Avenue.

6:15 p.m. A discussion with Iraqi Ambassador to the U.N. Dr. Hamid Al Bayati will be held at the Woolworth Building, 15 Barclay St.

7:30 p.m. The Log Cabin Republicans of New York will have a "Coming Out!" party at Bamboo 52, 344 W 52nd Street.

Observer: One girl, a model for someone else, said she went to Parsons and you were kind of a celebrity at the school.

Observer: You must get "Make it work!" on the street all the time.  read more »

It makes no sense to me at all, since shopping is truly one of my favorite sporting events. And to make a list of all the stuff I want with a virtual guarantee that people are going to buy it for me, well, this is the stuff that dreams are made of. And yet somehow I still don't really care.

Think about it for a moment: you can buy live bumblebees online; you can even buy a suit of armor online for christ's sake. So how on earth has Macy's determined that our Black Krups Waffle Maker or Calvin Klein quilted feather pillows can no longer be purchased online?

Perhaps that will send me back into the realm of registry nirvana.

Currently vacant, there have been rumors circulating that its demolition is imminent, with a new, large residential building slated to go up in its stead (naturally). In recommending that the building be granted landmark status, the board said the 1846 building has "exceptional architectural and historic significance," such as its facade that's divided into three "strongly expressed" piers and two recessed three-story bays topped by segmented arches. Back when it served as a stable for Macy's, stores throughout the Ladies' Mile district had their own stables to deliver goods throughout the city.