New York Economic Crisis

Saving New York City in 1975: Carey Could Teach Congress Today

Robert L. Dilenschneider | Posted 11.26.2011

Read More: Governor Carey, Congress, Public-Private Partnership, Debt Crisis, Super Committee, Budget Crisis, New York City, New York Economy, Economy, New York Economic Crisis, Politics News

The nation's current crisis mirrors the situation 36 years ago when New York City teetered near financial collapse, unable to borrow from a banking community that correctly believed the city was broke.

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Paterson Plans At Least 1,000 Layoffs, Unions Won't Budge

AP | Posted 05.25.2011

Read More: New York Economic Crisis, Unions Layoffs, New York Unions, Paterson, New York Layoffs, David Paterson, New York Job, New York News

ALBANY, N.Y. — New York's governor says he's planning for at least 1,000 layoffs to contend with a fiscal crisis after public employee unions re...

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New York State Deficit To Get $750 Million Larger

AP | Posted 05.25.2011

Read More: Thomas DiNapoli, New York Economic Crisis, New York Deficit, New York State Budget, David Paterson, New York News

New York (Associated Press) -- New York Gov. David Paterson said Wednesday the projected deficit for the upcoming fiscal year has grown $750 million t...

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Student Metrocards Only Get $25 Million From New Paterson Budget

nydailynews.com | By Pete Donohue | Posted 05.25.2011

Read More: New York Budget, David Paterson, New York Economic Crisis, Mta, Student Metrocards, Paterson Budget, New York Budget Crisis, Metrocards, New York News

Gov. Paterson's budget provides $25 million for student MetroCards - a tiny fraction of what the MTA says is needed to keep providing free bus and sub...

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Paterson's 2010-2011 Budget Proposal Highlights

NY Daily News | Posted 05.25.2011

Read More: New York Economic Crisis, New York Economy, New York State Budget, David Paterson, Paterson Budget, Paterson Budget Proposal, New York News

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Museums, Educations Threatened By Budget Cuts

nydailynews.com | By Kenneth Lovett | Posted 05.25.2011

Read More: Cultural Institutions, New York Budget, New York Economic Crisis, Fiscal Crisis, Education, David Paterson, Museums, New York News

New York City's cultural institutions are on red alert in anticipation of cuts in government funding next year. And that's not all. ...

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Paterson: 'Cutting Now Will Be Less Damaging Than Gutting Later'

nytimes.com | JEREMY W. PETERS | Posted 05.25.2011

Read More: Albany, Governor David Paterson, New York Economy, David Paterson, Budget Cuts, New York Economic Crisis, New York, Carl Kruger, New York News

Gov. David A. Paterson took to the radio, trying, in interviews on half a dozen stations, to add a sense of urgency to the budget negotiations, and re...

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New York State Senate Approves Budget Deficit Plan

AP | MICHAEL GORMLEY | Posted 05.25.2011

Read More: New York Economic Crisis, Budget Deficit, 2.8 Billion, New York Economy, David Paterson, New York State Senate, Budget, New York News

ALBANY, N.Y. — New York's Senate has joined the Assembly in approving a measure to reduce the state's budget deficit by about $2.8 billion. But...

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Schumer Quiet On Health Care Bill Problems For New York

nydailynews.com | By Michael Mcauliff | Posted 05.25.2011

Read More: Health Care Bill, Chuck Schumer, New York Health Care, David Paterson, Michael Bloomberg, New York Economic Crisis, Sen. Chuck Schumer, Health Care, New York News

When the feds whack New York, you usually hear Chuck Schumer lead the outrage. But on health care, he's been practically mute about some mighty hits h...

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MTA Cuts Likely If Paterson, Albany Cut Aid

nytimes.com | MICHAEL M. GRYNBAUM | Posted 05.25.2011

Read More: New York Subway, New York Economic Crisis, New York Mta, Subway, Mta, David Paterson, New York Budget Cuts, Mta Budget Cuts, New York News

Among the billions of dollars in cuts that were proposed by Gov. David A. Paterson last week was $113 million in state financing for the Metropolitan ...

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Paterson Ends Deficit Negotiations As Senate Claims Progress

AP | MICHAEL GORMLEY | Posted 05.25.2011

Read More: Albany, New York Economic Crisis, Deficit, Sheldon Silver, Paterson, New York Economy, New York News

ALBANY, N.Y. — In the latest episode of Albany's failure to address a worsening state deficit, Gov. David Paterson declared negotiations with th...

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Luxury Brands Downplay Bling, Emphasize Value

Racked | Posted 05.25.2011

Read More: Retail Recession, Economic Crisis, Luxury Brands, Luxury Retail, New York Economic Crisis, Retail, Fashion, Recession, Luxury Fashion, New York News

We've seen a lot of articles about the death of luxury, and about how high-end brands are trying to reinvent themselves in the face of the recession,...

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Hot Women and Pole-Dancing: Ingenuity in a Downturn

Vicky Ward | Posted 05.25.2011

Read More: London, Nightlife, New York City, Economic Crisis, Strippers, New York Economic Crisis, Style News

One former Morgan Stanley employee is now reportedly making $160,000 as a pole dancer. Intriguingly, she says she finds her new working environment more comfortable than her old one.

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