Astronomicaly, Algol is an eclipsing binary and variable star composed of itself, Beta Persei-A, and Beta Persei-B. It is normally at 2.1 magnitude but dips to 3.4 every almost 3 days when eclipsed by its main binary. It is in line of sight to us.

In mythology she was the beautiful Medusa who was turned into a horrid Gorgon when Athena dicovered her being raped in her temple by Neptune. Any one who looked at her face was turned to stone -even after being beheaded by Perseus.

Astrologically, Algol is located at 26 degrees and 20 minutes of Taurus(2011) moving roughly one degree every 72 years. Below is a table or ephemeris..

While the longitude of a planet or star gives it its astrological or celestial nature, the declination reveals its mundane or terrestial influence. Declination equates with latitude so that any object at 40°N declination will be directly overhead at 40°N latitude having its greatest power there. This will effect the entire latitude in paran fashion but will of course be strongest where it lines up in longitude as well. Currently(2011 AD), Algol is at 41°N00' declination corresponding to the same latitude(see diagram below)

New York City was long known to be one of the great sin cities of the world. It has a particular energy emanating from it's underground which is reputed to be reptilian in nature. Money, sex, power, crime -these are all reptilian/Algol traits and they permeate New York City completely. It's also no coincidence that Manhattan is shaped like a penis(the reptillian symbol)!

New York of course, is not entirely evil. This city is vibrant, exciting, unique, and always on the cutting edge, and Algol shares this as well. Below is a chart showing Algol's declination over New York during the 20th century.

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As you can see, Algol's declination over New York coincided with it's rise to power and fame during the late 19th century and most of the 20th. In the sign of Taurus, it has long been one of the financial powers or centers of the world. Algol's line of declination is currently leaving New York City but still has much power over it.
One must also not forget that Algol is not the only star in the Gorgon myth. Gorgonea Secunda(39N42), Gorgonea Tertia(39N39), and Gorgonea Quarta(38N53) are close by, affecting a wider range of latitude. Even M34 Capulus(42N50) may be involved. All are in late Taurus and variously affect latitudes 38N to 43N.