New York, December 12, 2005 – If you’ve been laid off from the New York Times, at least you have the comfort of knowing that the savings from eliminating the cost of your salary and benefits is being put to good use. Not only is the Times paying to erect a glitzy new 52-story, Renzo Piano-designed tower, where they’ll have acres of additional space to house their ever-shrinking staff, but the paper of record's partner, Forest City Ratner, scraped together the dough to hire Annie Leibowitz to immortalize the construction process on film.

And more good news for the unemployed: you have the spare time to check out the public exhibition of the photos, at the site of the new headquarters at 41st Street and Eighth Avenue. It’s free, and it’s across the street from the Port Authority Bus Terminal, where you’ll probably be sleeping on a bench soon.