The of 's FDIC-brokered purchase of Wachovia point up some long-term implications for New York's economy. Specifically, in return for shouldering $270 billion in potential losses at Wachovia's property-related assets that would otherwise be Citi Read More
Wendell Cox ponders the question in . The short answer: very far, indeed, especially in markets where building is stringently regulated. Read More
State revenues could drop $3.5 billion over the next fiscal year as a result of the continuing financial crisis, according to a from state Comptroller Thomas DiNapoli. DiNapoli ends his report on what apparently is intended to be an upbeat note: Read More
The story from today’s papers with the biggest potential long-term impact on New York’s economy doesn’t even contain the words “New York.” That’s Gillian Tett’s FT piece on global investors’ assessment of the credit of the United States of America. Read More