Nicole Gelinas has in the New York Post today on the sinking fortunes of New York City's financial sector.  Her message: Thanks to Washington’s support for big banks, New York City has been a cocoon of prosperity compared to Read More

"Down with bankers!" No, that's not the sound of the Zuccotti crowd protesting, but the sound of New York employers slashing their payroll, according to the city budget office's "." Between the 2007 peak and mid-2010, New York's financial indus Read More

Now that the state Public Employees Federation (PEF) has rejected a proposed contract, Governor Andrew Cuomo is moving forward with 3,500 layoffs.  Or, then again, . Tin the Albany Times Union suggests there is an 80 percent likelihood t Read More

The Local 100 Transport Workers Union (most of them work at the MTA) will join the "Occupy Wall Street" protest today at 4:00 in Zuccotti Park downtown. There's a bit of an irony in the location. The park is named for John Zuccotti. Zuccotti is . Read More

State comptroller Tom DiNapoli's office that shadow the MTA's future. On the five-year, $26.3 billion capital plan, DiNapoli notes: The MTA has ... proposed borrowing $14.8 billion--the largest amount in its history. ... Debt service Read More

As expected, President Obama's calls for a return to pre-2001 income tax rates and new limits on itemized deductions for filers with incomes starting as low as $200,000 -- essentially the same thing the president proposed two years ago. [caption Read More

The city's independent budget office (IBO) has just put out on public-school spending and demographics. , school spending is up 2 percent cumulatively over the last three years, even after accounting for about 5 percent inflation as well as for dive Read More