"It's not like libraries are over-funded!" said Soledad O'Brien, master of ceremonies for the 12th annual fundraising gala for the Brooklyn Public Library on Thursday. "It's not like, ‘Trim the fat off those libraries!' Those are cuts that are going to be very much felt."

Ms. O'Brien was drinking a glass of water in the children's section of the central branch in Grand Army Plaza in advance of her hosting duties. We were discussing Governor David Paterson's proposed $20 million cut -- 20 percent of the overall budget -- to state library funding as reported by the Library Journal earlier in the day.  read more »

Over the last weekend of the presidential election, the now ubiquitous Shepard Fairey-designed poster of a sacrosanct Barack Obama dotted the windows of shops and homes throughout Brooklyn. At the Gate, in Park Slope, the word "hope" below the senator's smiling countenance had been amended to Slope.

Brooklyn, like the rest of New York State, is bound to vote overwhelmingly for Senator Obama, but with the race tightening in its last days – and even with polls heavily in his favor – the residents of Kings County are at once excited and apprehensive about what tomorrow will bring.

Mauri Weakley, 25, a fashion merchandiser who lives in Bedford-Stuyvesant was shopping in a local Brooklyn boutique recently when conversation turned to the election.  read more »

Last Wednesday, on the evening of the final presidential debate of this cycle, held at Hofstra University, Senator John McCain alleged in the most cautious terms he could muster, that ACORN "is now on the verge of maybe perpetrating the greatest frauds in voter history in this country, maybe destroying the fabric of democracy." 

Nearby, in the Uniondale section of Hempstead Iona Emsley cringed.  For the last 19 years, Ms. Emsley has worked with various chapters of ACORN--in Brooklyn, Queens and Long Island--to fight for social, housing and immigrant rights.   read more »

Danny Hoch knows where the money is.

"It's funny," Mr. Hoch said via phone from his home in Williamsburg. "There's a guy about a block away from me – an old school Puerto Rican cat – and there's a new ATM machine on Grand Street, so he's like, 'Yo man, I be seeing these kids, man, they go to the ATM machine and they forget and they just leave their receipts in there, and I go and I get them because I want to see how much money they got in their bank account.'

"He's like, 'Yo, these kids be lookin' bummy, I mean the bummiest, motherfucking, cheap looking kids and they got like $150,000 in their savings account, $280,000 in their savings account.  read more »

"Do you hear the crickets?," asked Ali Jafri, a broker for Prudential Douglas Elliman. We were standing on the ninth-floor balcony of a brand-new three-bedroom condominium for sale at 20 Bayard Street in Williamsburg. "That's something you won't get in Manhattan."

These days, Mr. Jafri might hear crickets more often than he'd like. It was the Sunday before the European markets began to tumble, during peak open house hours, and the buyer traffic through Brooklyn's newer towers was slow. Just a few days earlier, The New York Times had declared that "the credit crisis and the turmoil on Wall Street are bringing New York's real estate boom to an end.  read more »

When the Dow plummeted on Monday after Congress failed to pass a bailout for Wall Street's many woes, Brooklyn's creative class was already bracing itself. A downturn at the top of the food chain can't bode well for those closer to the bottom, like the plethora of visual and performing artists that reside here.

"It's just a drag," said Karen Brooks Hopkins, the president of the Brooklyn Academy of Music, whose fall season opens this week. "What I feel bad about is that the arts organizations, the cultural organizations, have finally recovered from 9/11, and now this.

"So it's hard, you know, but I also feel that New York City has got an edge because of its cultural life," she continued with a bit more cheer, "and the cultural institutions provide a tremendous return for a very small investment.  read more »

"If anything the media has downplayed the effect this crash will have on RE, in other words TS, methinks you're a broker. God, RE people are the biggest, most vile liars in NYC, do you really think anyone believes the pro RE quotes that we read in the Times or the Observer and especially NY Rag? When I have to interview a broker I just assume 90% of what he/she is telling me is untrue. Eventually the brokers--when vacancy rates for new "luxury" condos in some overly hyped hood are at 80%--will get a well-deserved comeuppance." ["Brooklyn, The Borough: Wall Street Views From Another Bank"]

"Why do people think all this financial sector woe is going to have that big an impact? Other people have money, not just people on Wall Street. Prices in Manhattan probably won't come down, that will send buyers to Brooklyn. The financial sector only accounts for about fifteen to twenty percent of the real estate market in Manhattan, and thats including the bonuses. Brooklyn will probably have declines and that will make it more attractive. It was after the savings and loan crisis that Brooklyn emerged. Why wouldn't it prosper under the same exact circumstance? People need to suck it up, take a stiff drink or a Zoloft and move the hell on. Stop being so pessimistic already." ["Brooklyn, The Borough: Wall Street Views From Another Bank"]

As a chillier wind sliced through Brooklyn's popular corridors last Saturday night, it was hard to imagine by the looks of things that anything was wrong with the economy. On North Sixth Street in Williamsburg, young women with Louis Vuitton bags teetered in Manolo Blahniks on the arms of their white-collared dates. Booze coursed through veins as the music at Sea shook passersby with stentorian beats.

But the next day at the sleepy Brooklyn Inn, the 138-year-old Boerum Hill bar frequented by local financial types, The Times' Sunday business section sat menacingly on the oak bar as Leonard Cohen's "So Long Marianne" wafted through the air.  read more »

"First off, there's no question--in my humble opinion--that the literary center of New York has moved to Brooklyn," said our oh-so-humble Borough President Marty Markowitz celebrating the Brooklyn Book Festival in the ornate lobby of Borough Hall this past Sunday. "The authors live here, the illustrators live here, and the energy--there's that energy!--among residents of Brooklyn.

"There's no question that those in their twenties and early thirties--I think, just from a quick look--seem to be a significant part of the turnout today, and last year too. So it shows that obviously something is happening."

I strolled around Borough Hall Park, pausing at vendors who had set up shop for the annual festival, which is in it's third year.  read more »