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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. More

Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero … all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

Falling crane crushes building in New York City

By Megan McArdle
Mar 15 2008, 4:31 PM ET Comment

The AP reports:

NEW YORK (AP) -- A giant crane toppled over at a construction site and smashed into a block of residential buildings Saturday, creating a horrifying scene of destruction on Manhattan's East Side.

The big, white crane, which looked to be at least 15 stories tall, demolished parts of several buildings as it fell. At least one small, brick apartment building appeared to have been completely pulverized by the falling wreckage.

Fire Department officials said at least two people were dead. A rescue operation was under way and it was unclear whether there were people trapped in the rubble.

The accident happened on 51st Street near 2nd Avenue at about 2:20 p.m. People in the area reported hearing a terrible roar as the structure detached from a large building under construction.

Ben Galati, a 54-year-old doorman a high-rise apartment building across the street, said he was in the basement when it happened, and ran for his life when he heard the noise.

"I heard a rumble outside. I said, 'Let's get out of here! And then the crane came down. A split second later, I heard an explosion," he said.

The crane split into pieces as it fell. Part of it came to rest against an apartment tower, buckling its facade and smashing it upper floors. That building and others in the area were evacuated. Another piece of the crane hit other buildings on the block, ripping away walls and ceilings and crushing a small building.

That's around the corner from my old office. What a horror.



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