Tag: Wall Street

Governor Paterson has dropped a proposal to impose New York State's personal income tax on the interest income of non-resident hedge fund managers from his latest preferred list of revenue-raisers to help pay for the 2010-11 budget appropriations... Read More

Local media has picked up on the NYC Independent Budget Office's blog post on the precipitous drop in wages in New York's securities industry in 2009. The get-it-over-with-fast drop mightn't have been such a bad thing for the city -- if local, state... Read More

e21 has a good staff editorial up on the now-tragic Greek crisis, with possible implications for New York and California. The plan for Greece, of course, is for Europe and the IMF to bail out the debt-drenched nation's bondholders, by imposing austerity... Read More

The l in today's New York Times profiles the 10 highest-earning hedge fund managers.  A quick Google search indicates that only three of the firms run by these superstars -- Soros Fund Management, Paulson & Co., and Harbinger Capital Pa Read More

Senator Chris Dodd's financial-regulatory includes some of what the press calls the "Volcker Rule" (p478): banning FDIC-insured banks and their affiliates or parent companies from what's known as "proprietary trading" or betting supposedly safe ban 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.