It will survive

New York

The Big Bagel is facing one of the worst financial crises since the city teetered on going broke during the Seventies, when it actually defaulted on its bonds, and President Ford famously told the place to ‘drop dead’. I remember being in Elaine’s at the time, and when the headlines came in with the morning papers a cheer went up from the drunken customers. Elaine’s, the favourite watering-hole for writers and showbusiness folk, was packed back then, at five in the morning. Not this time. I was there last week, hosting a party for friends, and the place was like a library on Saturday night in Belfast. Business at New York bars and restaurants has plummeted by as much as 50 per cent in the wake of the smoking ban, and many establishments are on the brink of shutting their doors. It is as if Mayor Bloomberg purposely set out to kill off what was left of post 9/11 nightlife in the country’s most swinging city.