Today is full of bad news for Wall Street. The New York Times reports that the street is moving mid-paying jobs to middle America, and S&P has a new report out saying that the i-banking business is moving to a "less profitable, but somewhat lower risk, business model." Read More
Publicly traded financial firms put out a lot of reports, and they're long. But you don't get to learn what really happens inside such companies until something's gone wrong. Read More
Gov. Andrew Cuomo hasn't yet settled (or announced) a financing plan for the Tappan Zee Bridge reconstruction project. But Europe's recent experience highlights the perils of relying solely (or significantly) on ever-higher tolls. In Continental E Read More
A big wheel at Deutsche Bank, chief risk officer and board member Hugo Bänziger, has some portentous thoughts about banking (and therefore, about New York City and State finances) in today's FT. Read More
On Saturday, the state-run Metropolitan Transportation Authority (MTA) got the terms of its new $47.5 million contract with the Amalgamated Transit Union, which represents 3,000 bus drivers in Queens and Staten Island. Read More
New York will (one presumes) have a new mayor come January 2014. One question for that mayor will be whether he or she chooses the past or the present. Read More
The fact that markets are flat after la crise JPMorgan Chase came to light -- and that JPM stock is down only 7.3 percent as of this writing -- shouldn't be a comfort to anyone. Read More
Former NYC traffic commissioner, ex-cabbie, and all-around legend "Gridlock Sam" Sam Schwartz had an intriguing piece in today's Daily News on "how to fix New York City traffic." Read More