Fourteen Banks in a Room
Closed mid-November 1998 · On stands late November 1998
The Front
Index of the Close
Numbers of a market November — points recovered since October, overnight rates, days since the Fed last convened anyone on short notice
The Essay
The Cigar Boom's Late Innings
The decade's cigar boom, having minted its own magazine and its own price bubble, is quietly running out of first-time buyers — what a pleasure economy looks like on the way down
The Foreign File
Islamabad, After the Tests
A stringer's note on a détente the wires haven't found a headline for yet
The Feature Well
Fourteen Banks in a Room
A personality profile of Meriwether, Merton, and Scholes — hubris and its comedown — after the Federal Reserve convened fourteen banks to bail out Long-Term Capital Management
The City
The Ceiling Restored
Grand Central Terminal's restoration completes — the celestial mural and Guastavino tile work restored
One Hundred and Fourteen
The Yankees win 114 regular-season games and sweep the World Series
The List-Keeper
A flattering profile of an up-and-coming publicist building her own database and client list, on the strength of a launch party her guest list made work
The Back
Books: A review of a new Wall Street history · Art: Notes from a quiet November in the galleries · Film: Two November releases, briefly noted