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New York’s ongoing experiment in state-run venture capital investment appears—not for the first time—to have been ripped off. Read More
Why are contract negotiations between public officials and public employee unions routinely conducted behind closed doors? One of New York’s largest public-sector unions has spilled the beans: it’s better for them. Read More
Elizabeth Warren is an unabashed believer in wealth redistribution, so it was predictable that her Medicare for All plan would hit high-income individuals and large corporations with trillions in tax hikes. More surprising are the two other targets she chooses to soak: states that spend most heavily on Medicaid, and employers that offer the costliest health benefits. Read More
Newly released federal data on personal income growth last year point to the continued economic weakness of upstate New York. Measured in current dollars, unadjusted for inflation, personal income nationally increased 5.6 percent from 2017 to 2018, according to the Bureau of Economic Affairs (BEA). Read More
The Cuomo administration has admitted there is a “structural imbalance” in its massive Medicaid budget, which means the Empire State’s biggest single government program is spending beyond its means. So, what does Gov. Andrew Cuomo plan to do about it? Some hint of the answer might be forthcoming in a midyear financial update — whenever, that is, Cuomo gets around to issuing one as required by law. That report is now two weeks overdue. Read More
Governor Andrew Cuomo is threatening to yank the license of a major downstate natural gas supplier—because he doesn’t like how the company responded to his refusal to permit a new supply pipeline. Read More