Blog

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  First enacted in 1966, the tax was repealed by the state Legislature and then-Governor Pataki in 1999, over the loud objections of ci Read More

 But New York City, which Mayor Bloomberg once likened to a "," will do the opposite if it follows through with the mayor's idea to raise income and sales taxes early next year. Read More

In a column today, Times columnist David Brooks contrasts the auto sector with the financial sector. The column illustrates why the recovery of the financial sector will be less straightforward and more difficult than the recovery of any oth Read More

The cost of New York State's Medicaid program, which already spends twice as much per recipient as the national average, will still be rising at a double-digit pace if the Legislature enacts the latest round of mid-year "cuts" proposed by Governor Pa Read More