Cityfile: New York's Most Notable and Influential

• Alec Baldwin has put his longtime co-op in the Eldorado on Central Park West on the market for $8.9 million. He's reportedly thinking about trading it in for a four-bedroom apartment at the Dakota, which has been reduced from $24 million to $12.5 million over the past year. [NYP]
• Former GE CEO Jack Welch is in contract to buy a three-bedroom pad at One Beacon Court that's next door to the condo he already owns. The 2,669-square-foot space was most recently listed for $8.995 million. [NYP, BHS]
• New York Times columnist Paul Krugman and his wife, Robin Wells, have paid $1.7 million for former Times reporter Joseph B. Treaster's three-bedroom co-op at 110 Riverside Drive. Meanwhile, the couple is currently in contract to sell their former apartment, a one-bedroom at 304 West 89th Street that was most recently listed for $599,000. [NYO, Corcoran]More

Michelle Obama was the main attraction at Time magazine's sixth annual 100 "most influential" ceremony at Lincoln Center last night. She was joined by a predictably massive group of A-listers, including Oprah, Harvey Weinstein, Mort Zuckerman, Steve Schwarzman, Jeff Bewkes, Diane Sawyer, Barbara Walters, Whoopi Goldberg, Joy Behar, Carine Roitfeld, Gayle King, Stella McCartney, Claire Danes and Hugh Dancy, Kate Hudson, Liv Tyler, Jay Leno, Lorne Michaels, Jimmy Fallon and Nancy Juvonen, Charlie Rose, David Lauren and Lauren Bush, Ann Coulter, Suze Orman, Arianna Huffington, Kate Betts, Andy Serwer, Paul Krugman, Vivi Nevo and Ziyi Zhang, Andrea Mitchell, Chris Matthews ... More

Happy Birthday | Chelsea Clinton is celebrating her 29th birthday today. Elizabeth Taylor is turning 77. Josh Groban is 28. Ralph Nader is 75. Joanne Woodward, the Oscar-winning actress and widow of Paul Newman, turns 79. Actor Noah Emmerich is turning 44. Lynyrd Skynyrd's Johnny Van Zant is 50. Rozonda Thomas (or Chilli) from TLC is 38. And the head of the 92nd St. Y, Sol Adler, turns 55. Weekend birthdays—including Olivia Palermo's big day—after the jump. More

♦  Morgan Stanley closed its deal with Mitsubishi UFJ Financial Group. The $9 billion investment on the part of MUFJ gives it a 21 percent stake in the beleaguered bank. [WSJ, DB]
♦  U.S. stock futures rallied on Monday morning as government efforts to beef up the banking system reassured panicky investors. [WSJ]
♦  Treasury official Neel Kashkari outlined the government's efforts to bail out the financial system and resuscitate the economy this morning, although details were few and far between. [CNNMoney]
♦  New York Times columnist and Princeton economist Paul Krugman won the Nobel economics prize this morning. He'll collect a $1.4 million check for the honor. [Economix] More