As we've said (repeatedly), the new labor contract betwen the Metropolitan Transportation Authority and the Transport Workers Union, decided by a panel of state arbitrators yesterday, is an outrageous giveaway. But just as outrageous was the s Read More
AUTHOR'S NOTE: PLEASE SEE BELOW FOR IMPORTANT CORRECTIONS TO THIS POST IN BOLD. In May, after months of turmoil, Albany agreed to a new package of taxes for the state-run Metropolitan Transportation Authority (MT Read More
Nicole has on the generous contract arbitration award to transit workers. Her lead sums it up nicely: THE MTA just managed to give away the store in the new Transport Workers Union contract -- and they couldn't have done it without Read More
PolitickerNY that the State Senate, which must approve Gov. Paterson's pick for MTA chief, Jay Walder, will hold hearings this fall that focus on Walder's reputed pay package. Walder's package, in addition to nearly half-million annually in salary Read More
UPDATE: My WOR radio interview on this topic with John Gambling is . A labor arbitration panel is prepared to award raises of nearly 12 percent over the next three years to Metropolitan Transportation Authority (MTA) employees represented by Loca Read More
Generations of young (mostly male) Americans have schooled themselves in basic auto mechanics, saving thousands of dollars in the bargain, by teasing years of service out of high-mileage cars given up for dead by their previous owners. For that guy Read More
"New York recently paid almost $50 million to private stock managers to actively invest part of the state's massive public pension fund, and they lost more than $1 billion, a worse performance than stocks that were essen Read More
exemplifies the federal stimulus bill at its worst. It's basically a helicopter drop of cash justified on the grounds that, after all, these folks need the money and will spend it--which, when you come right down to it, is justification enough for Read More
Today's Times about how the nation's governors are worried that Congress will expand Medicaid without giving states more resources to pay their part. This part requires further inquiry: "Connie Baugh received a letter ... from [Washington Read More
Earlier today, bond analysts at S&P downgraded to junk status $33 million worth of mortgage debt issued nine years ago by the Dormitory Authority of the State of New York (DASNY). DASNY had raised the debt to complete hospital construction projec Read More
"Goldman Sachs CEO Lloyd Blankfein has warned his employees to avoid making big-ticket, high-profile purchases as the gold-plated Wall Street firm hunkers down amid a firestorm of public and political anger over outsize bonus payments," today's N Read More
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