In a interview in yesterday's Journal, David Swensen, the longtime chief investment officer for Yale's endowment, had an implicit warning for public pension funds and other supposedly "sophisticated" investors (ha ha) whose overseers thi Read More
Tag: New York State
Over at NY Public Payroll Watch, E.J. McMahon Gov. Paterson and others for allowing the state-run Metropolitan Transportation Authority to abdicate one of its main responsibilities -- negotiating a better contract with the New York City local Tr Read More
Thousands of union members will gather in Albany today to demonstrate against Governor Paterson's proposed state budget cuts, and most of them will no doubt be pushing organized labor's soak-the-rich income tax hike as an alternative. But Steve Kag Read More
Smart private-sector companies are aggressively slashing white-collar pay and benefits to get costs under control amid slumping revenues. New York's public sector, by contrast, has no such clear, assertive plan, even though the state* and the MTA to Read More
New York lost another 126,209 residents to other states during the 12 months ending July 1, according to newly released . The Empire State's loss to "net domestic migration" has reached 1,575,864 people since 2000 -- the most of any state's, toppin Read More
Supporters of an income tax increase in New York State were, until recently, pushing what they called a "millionaire tax." But now that the number of millionaires is rapidly shrinking, Albany's most vocal tax-hike proponents have lowered their taxa Read More
What can Brazilian power lines teach New York about introducing private-sector competition to its public-bus system? In 1999, Brazil started to hold auctions open to both public and private sector players interested in improving the nation's trans Read More
As promised, here are our articles in today's newspaper parsing the Ravitch report on how to fix the finances of the Metropolitan Transportation Authority: E.J. on Me on the Read More