"There Are No Breaks For Anyone Today"

Posted by: Tom Keene on September 11, 2010

Lauren Smith, I Will Try Harder This Year

I was wrong. I figured it would get easier. Easier for me and for those far more touched by the 11th of September. Is it possible it’s getting a bit harder each year? I still can’t read Keefe, Bruyette & Woods research. Here, here and here.

The other day a runner dashed by upon Carnegie Hill. He was wearing a bright and shiny, blue Alger Management shirt. He was cut-and-chiseled in a long-only-buy-side kind of way. I won’t opine on the mosque uproar, but all I could think was, “What would David Alger say?”

…Wisdom Gained, And Not Much More.

The National Association for Business Economics is a violent group. Rumor has it, a few years ago a Keynesian (there are three in the organization making up 0.0078 percent of the NABE) got into a fight with a Monetarist and Diane Swonk had to break it up. They had one meeting that I couldn’t attend. Others…did.

Richard Berner

I led a parade to Grand Central where we heard train service had been restored following a bomb threat. Metro North was uncharacteristically wonderful. As we headed further north, we still feared for those who lost their lives. We knew the economy would eventually recover, but they would not. Yet we also heard heartwarming stories about many who escaped, and the heroism of many who helped. For now, that was comfort.

David Kotok

The human spirit is also quite strong. I saw many strangers helping each other. I did it and others did for me. People calming others. People saying walk, don’t run. People holding up others so they do not fall.

There are and were large numbers of heroes. Police and fire and emergency folks and so many others, like the doorman who showed folks a way out. Or the hotel staffer who stood her post and got others to exit and move far from the building before she left.

Stuart Hoffman

My wife, meanwhile, heard the first explosion from our hotel room on the 19th floor and evacuated via the stairs. We were not able to contact one another initially and then were informed several hours later via my Pittsburgh office of the other’s well-being. We finally met at a relative’s apartment in the city about four hours later.
“It was a very traumatic experience. I witnessed the tragic events firsthand that we have all seen on TV. My wife and I feel blessed to be safe and our thoughts and prayers are with the relatives and colleagues of the victims.

Diane Swonk

The sun rises, and many challenges lie ahead.
A piece of my soul rests with all those lost that day.
The months pass and, as humans, we adapt.
The holidays come, and coffee table books of the disaster become best sellers.
Life goes on, capitalism prevails, and all but a few know and feel what we have truly lost.
Innocence lost is at its best wisdom gained, and not much more. December 22, 2001

He Insisted I Go.

Every time Michael McKee opens his mouth I learn something. We approach economics differently. He just simply sees things, often, that I miss. He carries Vietnamese currency in his wallet. He attended the Reykjavik Summit (His Reagan imitation chills in its gentle Midwest accuracy).

Michael McKee

ecochat091110mckee.bmp

Bloomberg/Daniel Acker c2001 ALL RIGHTS RESERVED.

I thought of the policeman who had warned me to leave the area shortly before the third explosion when the World Trade Center collapsed. He insisted I go. I told him I was a reporter. Give me a break, I pleaded. “There are no breaks for anyone today,” he said.

Death and Destruction in Lower Manhattan: Eyewitness (Update1) 2001-09-11 14:37 (New York) by Michael McKee, Bloomberg News New York, Sept. 11 (Bloomberg)

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EconoChat captures Tom Keene's thoughts on economics, finance and investment. He is editor-at-large for Bloomberg News and hosts Bloomberg Surveillance and Bloomberg on the Economy on NYC1130, Sirius 129 and XM 130 and Surveillance Midday on Bloomberg Television. His complete interviews are at Tom Keene on Demand. Look for Tom on twitter @tomkeene

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