When Kodak its latest round of mass layoffs yesterday, the company's in Rochester gave the news prominent play on its web page — right next to an reporting that the city "has finally received approval on a $4 million state grant for Rochester’ Read More
New York City's economy contracted 5.5 percent in the fourth quarter from the same period a year earlier, after a 2.7 percent contraction in the third quarter, according to the . The most recent figure is the worst in the nearly two decades since th Read More
The House passed the $819 billion stimulus last night. The final version contains some amendments that affect the (tiny) infrastructure-investment part of the bill. Two amendments are good, though not good enough to outweigh the fact that only fiv Read More
In the waning days of the asset and credit mania, Macquarie and Cintra paid the state of Indiana $3.85 billion upfront for the right to run the Indiana Toll Road for 75 years and collect all of the toll revenues. The concession company that Macqu Read More
In a passage reflecting House Democratic spin on the supposed economic benefits of the stimulus package, today's Washington Post that the bill includes aid "that many economists agree will enter the economic bloodstream quickly and trim further layo Read More
THE House of Representatives this week is expected to pass a federal stimulus package that could pump at least $17 billion of noncapital funding directly into New York's state and local government coffers over the next two years. Read More
People worried about the state of America's infrastructure haven't received the House stimulus bill very warmly. After political promises of bold, smart investments in physical assets, a $40 billion allocation for transportation and transit in an $8 Read More
House Democrats in Washington, D.C., claim their will require for how the added money is spent. In reality, they’re pushing an unprecedented intrusion by the federal government into state and local decision-making on how to reallocate scarce re Read More