Tag: Wall Street

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

The Wall Street Journal has run my op-ed on the risks New York City faces in its approach to fiscal and economic problems. The thesis is that the city's main economic engine -- Wall Street and the financial-services industry -- cold be at th Read More

Technology giant Sun Microsystems reported yesterday that its tech sales to the northeastern United States' financial industry were down 20 percent last quarter compared to the same period a year earlier, the Journal reports. The financial Read More

Forecasters at the Centre for Economics and Business Research in London think that securities-industry bonuses there will plummet 60 percent this winter. London bankers reaped the equivalent of $17 billion in bonuses in 2006, the peak year; in New 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.