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Swiss bank UBS has attracted $1.5 billion to its new global infrastructure fund. "John Fraser, chairman and chief executive office of the UBS AG's funds arm, said ... he was encouraged by the demand from long-term institutional investors, including p Read More

Hardly anyone seems to believe that recent events in the global economy and financial markets will lead to long-term price stability.*  So assuming a recession is upon us, what’s next: or ? S Read More

Technology giant Sun Microsystems reported yesterday that its tech sales to the northeastern United States' financial industry were down 20 percent last quarter compared to the same period a year earlier, the Journal reports. The financial Read More

The some expenditure details of , northern California, pop. 117,000. Vallejo declared bankruptcy earlier this year after having unsustainably ramped up public spending in response to unsustainable tax revenues stemming from unsustainable property- Read More

Wall Street has been shaken to its foundations, state and city revenues are plummeting, the long term fiscal outlook grows grimmer every week -- and Mayor Bloomberg today announced with a municipal labor union.  The 8,300 members of the Correction Read More

Forecasters at the Centre for Economics and Business Research in London think that securities-industry bonuses there will plummet 60 percent this winter. London bankers reaped the equivalent of $17 billion in bonuses in 2006, the peak year; in New Read More

Governor Paterson went before a congressional committee today to a federal stimulus package to aid financially troubled states--including this pitch for added funding for infrastructure repair: We in New York have many programs involving Read More

On the heels of Governor Paterson's gloomy budget update, state Comptroller Thomas DiNapoli the state's Common Retirement Fund has lost 20 percent of its value since April 1.  That would translate into a drop of $31 billion from the March 31 level Read More

Governor David Paterson is right on the money in calling for "bold and aggressive action to reduce state spending" to deal with the severe and worsening fiscal crisis detailed in today's .  At this point, after months of dire warnings, there's hardl Read More

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Empire Center for Public Policy
30 South Pearl St.
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Albany, NY 12207

Phone: 518-434-3100
Fax: 518-434-3130
E-Mail: info@empirecenter.org

About

The Empire Center is an independent, non-partisan, non-profit think tank located in Albany, New York. Our mission is to make New York a better place to live and work by promoting public policy reforms grounded in free-market principles, personal responsibility, and the ideals of effective and accountable government.