You hear a lot of talk about the panoply of problems facing Wall Street, from the Volcker Rule to derivatives regulations to But here's a simple numbers comparison that points up the challenge for Wall Street (and New York). From the New York Ti Read More
Nicole Gelinas has in the New York Post today on the sinking fortunes of New York City's financial sector. Her message: Thanks to Washington’s support for big banks, New York City has been a cocoon of prosperity compared to Read More
The city's independent budget office (IBO) has released on New York's post-9/11 disaster and recovery spending. So who got the Liberty Bond money? As part of its $20.5 billion aid package, remember, Washington gave the city $1.2 billion to suppor Read More
Reporting today on New York City's plan to lay off 780 school employees in October, an in The New York Times explains: "The layoffs are a direct consequence of budget cuts to schools, which have occurred in each of the last four years, forci Read More
... 'cuz they're doing Mayor Bloomberg's job as well as their own (and the mayor gets paid $1 a year). Some background: Michael Mulgrew and Lillian Roberts head up New York City's United Federation of Teachers and the city's largest civilian union Read More
New York City's monthly has some good nuggets of information about the local economy. The report is yet another reminder that since the credit bubble burst, the city has done better than the rest of the country in losing fewer jobs and getting th Read More
On Wednesday, in an apparent move to appease open government advocates and curious taxpayers, City Comptroller John Liu announced that the New York City Employees' Retirement System (NYCERS) Board of Trustees had adopted three resolutions that would “provide the public with unprecedented access to information concerning the pension system.” Read More
City Council Speaker Christine Quinn and the chairman of the Municipal Labor Committee, an umbrella group of labor unions, have the idea of tapping a union-controlled health care slush fund to prevent 4,100 scheduled scheduled teacher layoffs and 20 Read More