Today, the Ravitch commission released its report on MTA finances. We'll have more to say about this tomorrow. Here's an interesting piece of data to tide readers over 'till then: Read More
Tag: New York State
The Times today that the amount of commercial real estate on the market in Manhattan has doubled since last year, and that rents are down "20 to 30 percent from the going rents at the end of the summer — to around $75 to $80 a square foot Read More
Britain's conservative-party head David Cameron didn't win any thanks from his own party for a in which he called the division between public-sector and private-sector pension plans in Britain "apartheid" and said that he wants Britain "to move incr Read More
Swiss banking giant UBS has announced a to executives and board members. Although the system does not apply to traders and mid-level bankers, it's still a useful document. The future iteration of Wall Street is going to rethink its entire bonus str Read More
From Comptroller Thomas DiNapoli's new on the financial meltdown's economic impact on New York, there's this chart comparing the drop in Wall Street jobs during the "current downturn" (dated back to the summer of 2007) to losses following the crash Read More
Goldman Sachs surprised hardly anyone when it announced that its top seven execs would take no bonuses this year. UBS followed suit a day later. But top executives aren't the real bonus worry. Read More
The redoubtable Larry Littlefield has boiled down the latest U.S. census data on local government employment into a handy spreadsheet with a regional breakdown showing the extent to which New York exceeds national averages in this category. His Roo Read More
In a column today, Times columnist David Brooks contrasts the auto sector with the financial sector. The column illustrates why the recovery of the financial sector will be less straightforward and more difficult than the recovery of any oth Read More