Construction costs throughout New York are falling, according to a data analysis by the New York Building Congress. Materials and labor costs for office buildings are down 10 percent since last year, with costs for apartment buildings down 9 percent, Read More
David Leonhardt's in today's New York Times Business Section (given more prominent play on the Times ) touts a slight recent increase in weekly earnings as evidence that the recession isn't causing widespread pay cuts after all. Read More
Workforce Reduction Plans (WRPs) submitted by state agencies will save $260 million over the next two years "through a combination of severance payments, attrition, and the elimination of funded vacancies," the. Pardon us for holding our applause. Read More
Attention New York: on the eve (roughly) of the one-year anniversary of Lehman Brothers' collapse, a new report from J.P.Morgan in London opines that because of the effects of eight likely financial-regulatory changes worldwide, "what is certain ... Read More
The financial and corporate sectors' highest rollers during the boom-and-bubble period have also been hit hardest by the recession. A on the front page of today's Wall Street Journal reviews how the downturn is affecting the incomes of th Read More
Jay Walder, Gov. Paterson's pick to head the Metropolitan Transportation Authority, took questions from Democratic senators today ahead of their Thursday vote on his nomination. Of interest: Walder's views on private-public partnerships and whethe Read More
The MTA's continued funding woes aren't just hurting mass transit riders and downstate taxpayers. They're hurting New York's ability to keep its bridges and tunnels in reasonable repair. Bond analysts at Fitch may downgrade the debt backing the Tr Read More
Gov. Paterson's pick to run the MTA, Jay Walder, took questions from state senators yesterday on Long Island ahead of his confirmation vote next Thursday. Senators will hold a second hearing (in Harlem) next Tuesday. Here's hoping that they do a b Read More