New York

New York is one of the states at highest risk of default and budget cuts are coming. However, for now, those cuts will be limited to service cuts, dismissals and furloughs. Public sector pensions remain an intractable issue that will move…

Links of the day Greek wealth finds a home in London | The Guardian Wary of a Bubble at Home, Chinese Diversify by Buying in Singapore - NYTimes.com DIRTY, DANGEROUS & DESTITUTE | NEW YORK IN THE 70s – ALLAN TANNENBAUM « The…

A parable about how one nation came to financial ruin. – By Charles Munger – Slate Magazine New York State of Disrepair – WSJ.com Liz Pulliam Weston: Broke? Calculate your debt ratios – MSN Money Federal Reserve talk belies likely…

The New York State Court of Appeals has ruled that the Atlantic Yards basketball project can go forward as planned, dislocating the residents in the Brooklyn, NY area where the stadium is to be built.  In essence, the decision means…

In the wake of a few significant elections in the American states of New York, New Jersey and Virginia, a lot of pundits are putting their spin on what these elections mean for Barack Obama and his political agenda. On the whole, I find…

Three years ago, MetLife agreed to sell the community of Stuyvesant Town (Peter Cooper Village) to Tishman Speyer and BlackRock for the exorbitant sum of $5.4 billion at the top the market. That deal has now gone completely pear-shaped and…

Rohatyn, a Democrat, talks about the role of government in crisis, infrastructure spending and lessons from New York City's near economic collapse n the 1970s from his perspective. Royatyn is widely credited with saving New York City from…