Tag: Wall Street

The on Wall Street are casting a cloud over New York State's financial projections. Governor Andrew Cuomo's , unveiled in February, assumed stock values would grow this year by 13.4 percent. This assumption was not changed in the Enacted Budget Fina Read More

New York State's 2010-11 2011-12 fiscal year appears to be off to a good start. Tax collections for the first quarter of the year were nearly $800 million above Governor Andrew Cuomo's initial budget projections, according to the June cash report posted today by state Comptroller Thomas DiNapoli. Read More

"Wall Street plans to get smaller this summer," the New York Times today.  "Faced with weak markets and uncertainty over regulations, many of the biggest firms are preparing for deep cuts in jobs and other costs." This would have signif Read More

New York's public-sector unions love to bash Wall Street, demanding punitive new taxes on investment banks as the solution to every fiscal problem. In fact, the financial sector "oligarchy" and the "new Tammany Hall" of the public-sector labor movement... Read More

Sen. Chuck Schumer says he could be all for Deutsche Borse buying the New York Stock Exchange ... so long as the New York Stock Exchange name comes first. "The New York Stock Exchange is one of the most trusted, preeminent brands in the financial world... Read More

Governor Paterson has sent the Legislature a chapter amendment that would delete a proposed new hedge fund tax from the state's pending 2010-11 revenue bill. By approving the chapter amendment, which is expected to happen today, the state Assembly... Read More

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The Empire Center is an independent, non-partisan, non-profit think tank located in Albany, New York. Our mission is to make New York a better place to live and work by promoting public policy reforms grounded in free-market principles, personal responsibility, and the ideals of effective and accountable government.