In a , the Washington Post reports that "the biggest" of the nation's too-big-to-fail "banks are even bigger" today, with three big banks alone owning more than 30 percent of the nation's deposits, and four big banks issuing "one of every t Read More
Oneida County employees participating in a proposed cash buyout program would have a strong incentive to get their co-workers to join them: their payments will increase if more employees participate. Read More
The chairman of Britain's Financial Services Authority (similar to our SEC), Lord Turner, yesterday floated the idea of a global tax on financial transactions to shrink "a swollen financial sector," the FT . Turner admits that "the probl Read More
The Metropolitan Transportation Authority (MTA) has notified board members that the state-run authority has decided to petition a state judge to vacate state arbitrators' recent to the Transport Workers Union, which called for 11.3 percent raises Read More
Today's WSJ that "a stream of hedge-fund managers ... are quitting the U.K." as the nation levies a new tax rate of 51 percent on people earning more than $250,000 annually, starting next April. "We have reached a tipping point, in term Read More
Between the second quarter of last year and the same period this year, the ranks of New York City's unemployed nearly doubled, from 192,987 jobseekers to 361,390 jobseekers, the city comptroller . But unemployment among people who have a bachelor' Read More
The Post that City Council Speaker Christine Quinn wants to spend $20 million giving developers of unsold condos up to $50,000 a unit if they'll turn "market rate" homes in Harlem and Brooklyn into "affordable housing" homes. In one examp Read More
What issue got 2,000 rural upstate New Yorkers fired up enough to rally Sunday (under threatening skies) in opposition to a bill sponsored by who represents many of them in Congress? . Read More
"China's much-vaunted stimulus package has exacerbated structural imbalances in the economy and may delay the country's transition to a more sustainable growth model. ... [M]ost of the stimulus [has] gone to the state sector." -- Financial Times Read More
The unemployment rate in New York City jumped to 9.6 percent in July, up two-tenths of a percentage point since June, and the highest level in twelve years, even as the state figure fell slightly, to 8.6 percent from 8.7 percent, the state's Labor D Read More
Writing in today's Post, New York Building Congress head Richard Anderson Gov. Paterson against signing a bill that would change governance procedures at the state's public authorities. One main complaint, which Anderson calls a "fatal flaw Read More
Private employment has dropped nine times faster than state and local government employment in New York since last year, according to by the Albany-based Rockefeller Institute. But the national trend showed even more of a disparity between the priv Read More