The Market Works


The Daily News has been gutted, filleted, and shoved into a food processor. In many ways, it was the last local paper in New York City:

But for many years, The Daily News, available to actual New Yorkers, in their neighborhoods, offered up a seven-day feast of sweet and savory stories: meaty police reporting, salty columns on City Hall, fat analyses of the Mets’ starting pitchers and, for dessert, a smattering of cheesecake shots of models and celebrities.

“All that corny stuff about The News — how it’s the voice of the working people, the heart of New York — it’s all basically true,” Mr. Daly, the former columnist, said. “Every day it would prove that the common man and common woman weren’t so common. That actually, commonness is found more often among the rich and that distinction was found more often among the people who would buy The Daily News.”


The mean income of the top 5 percent of households in Manhattan soared 9 percent in 2013 over 2012, giving Manhattan the biggest dollar income gap of any county in the country, according to data from the Census Bureau. The top 5 percent of households earned $864,394, or 88 times as much as the poorest 20 percent, according to the Census Bureau’s American Community Survey, which is being released Thursday and covers the final year of the Bloomberg administration.

Photo by Jason Eppink