Faulty reasoning signals

• Confirmation Bias - 0%
• Anchoring Bias - 0%
• Availability Heuristic - 26.2% (121 hits)
• Representativeness Heuristic - 0%
• Hindsight Bias - 0%
• Overconfidence Bias - 7.8% (36 hits)
• Framing Effect - 21.4% (99 hits)
• Loss Aversion - 5.8% (27 hits)
• Status Quo Bias - 0%
• Sunk Cost Effect - 0%
• Optimism Bias - 8% (37 hits)
• Pessimism Bias - 6.5% (30 hits)

Article text

New York shrinks ‘frozen zone’ around compromised high-rise but warns of tense days ahead as it rushes to save structure

A 37-story New York City building that showed risk of partial collapse remains at the center of a "frozen zone" Wednesday with construction crews working through the night to stabilize the structure.

There are still lingering fears about the integrity of 235 East 42nd Street, a former office building that is being converted into luxury apartments, in the heart of midtown Manhattan.

Police have restricted all traffic to the zone which spans between East 42nd and 43rd Streets and between Second and Third Avenues.

In total, five buildings remained partially or fully vacated.

People who live and work in the zone, but not in one of those five buildings, will be granted access.

Early on Tuesday, construction workers noticed alarming signs of stress — steel beams “bending like cigarettes,” cracks and falling bricks — in the building and ordered an evacuation of nearby hotels, offices and a school with 400 students.

No injuries have been reported.

“They obviously didn't add the right amount of steel, so the north side is crumbling,” Steamfitters union representative Cliff Johnson told local media Tuesday.

“The I-beams are bending like cigarettes in there, which is super dangerous.”

The evacuation has left workers, residents and tourists in a state of limbo on Wednesday, many unable to retrieve their belongings from buildings that remain sealed off.

“I’ve been both working and in meetings, but of course at the same time waiting for information,” an Italian businessman hoping to gain access to the Hampton Inn Grand Central to collect his luggage told The New York Times.

Initially, officials established a sweeping frozen zone spanning 40th to 45th Streets between First and Third Avenues.

That perimeter has since been scaled back, but Department of Buildings Commissioner Ahmed Tigani cautioned that “the public should not engage with that area.”

“We've been monitoring the building for many hours and have not seen any movement," Department of Buildings Commissioner Ahmed Tigani also said late Tuesday night.

"Right now we have been in a consistent, stable and safe situation.”

Here are the latest developments on the building early Wednesday, July 8:

* 42nd and 43rd Streets between 2nd and 3rd Avenue remains closed to vehicles

* Those who live or work on 42nd and 43rd Street and not in one of the buildings under an emergency evacuation order will be able to access the area

* The following buildings remain under an emergency evacuation order and may not be occupied at this time: -815 2nd Avenue

-235 East 43rd Street

-231 East 43rd Street

-225 East 43rd Street

-217 East 43rd Street (partial evacuation of the building — just the restaurant on the ground floor)