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The Ravitch Commission is said to be mulling a payroll tax to help close large deficits faced by the state Metropolitan Transportation Authority (MTA).   Other elements of the package reportedly would include fare increases and the acquisition and Read More

Britain's conservative-party head David Cameron didn't win any thanks from his own party for a in which he called the division between public-sector and private-sector pension plans in Britain "apartheid" and said that he wants Britain "to move incr Read More

Swiss banking giant UBS has announced a to executives and board members. Although the system does not apply to traders and mid-level bankers, it's still a useful document. The future iteration of Wall Street is going to rethink its entire bonus str Read More

Yesterday was another watershed day for New York and for American financial capitalism. Read More

From Comptroller Thomas DiNapoli's new on the financial meltdown's economic impact on New York, there's this chart comparing the drop in Wall Street jobs during the "current downturn" (dated back to the summer of 2007) to losses following the crash Read More

The Post was kind enough to run on the MTA today, in which I detail how the state-controlled public authority that runs the metro region's buses and subways got itself into the pickle it's in today, as well as suggestions for a way out. On Read More

Devastated by the specter of Albany's slash-and-burn budget tactics, New York's health sector struggles for survival in a recession-wracked world.   As today's Times : A major hospital trade association, one of New York City’s most ag Read More

How's New York's economy doing? Private trash collectors (who pick up from stores and the like) are reportedly seeing an "unprecedented" loss in business over the past quarter, as customers have not only closed their doors but closed up so sudden Read More

The redoubtable Larry Littlefield has boiled down the latest U.S. census data on local government employment into a handy spreadsheet with a regional breakdown showing the extent to which New York exceeds national averages in this category.  His Roo Read More

Mayor Bloomberg will seek to revive New York City's commuter tax, his budget director the City Council yesterday.  First enacted in 1966, the tax was repealed by the state Legislature and then-Governor Pataki in 1999, over the loud objections of ci Read More