City's pension system is collapsing under the weight of payments it makes to more than 10,000 retired cops - all under the age of 50 - NYP
After Reversal of Fortunes, City Takes a New Look at Wall Street New York City can no longer expect the financial sector to supply high percentages of compensation or generate as much local tax revenue - NYT
From Atlantic Yards Report: What's missing from Mayor Mike Bloomberg's extensive campaign web site? *** MIKE MARCHES LEFT: HOW MAYOR LOST HIS PRINCIPLES *** Bloomberg used his weekly radio address to discuss his administration's plans to stimulate the city's economy *** The multiple financial scandals have cost New York pols campaign contributions *** PM Last-Minute Reprieve For Tabacco (Updated) *** Special Elections To Be Held Tomorrow In Queens, Staten Island *** PolitickerNYThe Shrinking Field on Staten Island.
Paterson GILLY GETTING THE WILLIES US SEN. Kirsten Gillibrand is nervously telling friends that Gov. Paterson's sharp drop in popularity may lead to her defeat in next year's all-but-certain Democratic primary *** Why Paterson's Sin Taxes Are Illogical *** NY-Gov: O'Byrne To Return As Unpaid Political Advisor To Governor Paterson - Gov appears to be counting on O’Byrne to help right the ship *** Conceding Errors, Paterson Vows to Regain Trust *** O'Byrne's rejection hurts Gov *** Jim Odato writes that the Comptroller sent a note to the governor and other officials after filing expenses for their expensive Inauguration hotel stay *** Will Paterson Run in 2010? *** David vs. health Goliath: Paterson takes on hospital lobby in $11 billion fight.
By David Paterson
There were 17 people who ran for president, and only one survived. People didn't vote for us just so that we would do the things that any of the other 16 candidates would do. - Robert Gibbs
President Obama THE 40% SOLUTION: FEDS EYE LARGE STAKE IN CITI *** Republican Governors Attack Obama's Stimulus; Some Will Refuse Aid... *** Obama Plans To Slash National Deficit By 2013 *** Obama Is Asked to Reappoint Ground Zero Health Official *** Obama Pushes Firmer Budget Rules *** The Gatekeeper: New Yorker Profiles Rahm Emanuel On The Job *** Hillary's First Controversy *** Obama's Stimulus Czar *** Federal Sleuth to Oversee Stimulus Plan *** Barack the Knife: Nothing is safe as Obama pledges to wield ax *** Governors, Obama to discuss stimulus plan *** 10 Ways to Trade Up
How Obama can fix the climate, raise billions for clean tech, and send you a fat check *** Talking taxes, calming markets on agenda this week *** The President's Warrior, Robert Gibbs *** Can Obama Actually Achieve Entitlement Reform? *** Obama's Stimulus: A Colossal Waste? - Robert Samuelson, Newsweek *** The President's FDR Moment - E.J. Dionne, Washington Post *** Obama's Approach is Hurting, Not Helping - New Hampshire Union Leader *** Obama Finds Democratic Resistance on Social Security - New York Times *** Obama's (Short-Run) Health Care Plan? - T. Cowen, Marginal Revolution *** Bibi & Obama: Two Communicators Clash? - M. Evans, Washington Times *** PM Obama Pledges to Slash Deficit
Congress Roland Burris Undermined by Governor, Chief of Staff, and White House *** Burris return puts senator to the test *** Toxic political money: Pols' sudden spirit of giving back *** 'Voluntary' taxes: Senator Reid's weird interview *** GOP Senator Bunning Says Justice Ginsburg Will Be Dead In Nine Months *** GOP ready to sink teeth into end of tax cuts *** Feingold, Dreier push for special elections *** Deficit Hawks' Attack on Entitlements - Robert Kuttner, Washington Post ***PM Schumer and Gillibrand Tell Obama, We'll take the $ they don't want! *** Rep. Anthony Weiner's speech features Queens ma who killed 2 priests Lisa Bongiorno.
Wall Street Mess What made Bernie Madoff perpetrate the greatest fraud in history? *** Trustee: Madoff never purchased securities for... *** A Friend of Madoff Speaks Out *** White House Would Gladly Tutor Rick Santelli *** U.S. Eyes Large Stake in Citi *** A Citi With More Government Slate's Today's Papers *** Monaco Is the New Switzerland: My Swiss bank got busted. Where do I hide my money now? *** HSBC CONSIDERS $20B CASH CALL FROM INVESTORS... *** As Doubts Grow, U.S. Will Judge Banks’ Stability *** Citi Talks With U.S. Over Ownership Stake *** S.E.C. Chief Pursues Reversal of Years of Lax Enforcement *** Paul Krugman: The econoclast - has become one of the highest-profile advocates of bank nationalization. *** Pfizer lowers amount of execs' severance payou... *** BofA, Citigroup shares sink further *** Opinion: How to Approach TARP 2.0 *** Searching for More Tools to Trim Costs *** Idle Rail Cars Frustrate Residents *** GM, Chrysler Advisers Consider $40 Billion Bankruptcy Loan *** Wall Street Watches Proposed Capital Gains Tax Changes With Bated Breath *** The Politics of Bank Nationalization *** Businesses tap social networking sites *** Co-op and condo fees going through the roof *** DN Editorial: Hire power.
An immigration crackdown written into the new stimulus law will damage New York's financial sector - and must be repealed immediately *** Eli: It was pleasure, not business, with swindler *** The Business Press and the Cult of Personality A misplaced emphasis on celebrity over substance got us into this mess *** The Wise and the Reckless On the housing plan and the “unscrupulous or irresponsible” *** Pay Wall Street Less? Hell, Yes *** Housing Crisis Moves Beyond Subprime Borrowers *** In a Recession, the Consumer Is Queen *** Will the Recession Doom the Last Sunday Blue Laws? *** Ten American Companies That Won't Cut Jobs *** Banking on the Brink - Paul Krugman, New York Times *** The Problem With 'Nationalization' - Gerald O'Driscoll, Wall Street Journal *** Rant Raises Profile of CNBC's Santelli - Phil Rosenthal, Chicago Tribune *** Govs. Granholm, Pawlenty, Rendell and Sanford - Fox News Sunday *** Govs. Crist and Jindal Debate the Stimulus Package - Meet the Press *** Interview with Gov. Arnold Schwarzenegger - This Week *** Sen. McConnell; Govs. Barbour and Patrick - State of the Union ***PM PAPER: Obama auto team drives imports; Task force has few new American cars... *** British jobs to be supported by American taxpayer in CITI buy... *** Stocks Slump on Corporate Woes; Indexes Fall by 3.4% *** Dow drops 250 pts., S&P tumbles 2% -- both at lowest levels in 12 years
"We need a global New Deal—a grand bargain between the countries and continents of this world—so that the world economy can not only recover, but so the banking system can be based on best principles." Gordon Brown, The British prime minister
International HILLARY PLEAS WITH COMMUNISTS TO KEEP BUYING TREASURY BONDS... *** Swiss party wants to punish USA for UBS bank probe... *** U.S. Unit Secretly in Pakistan Lends Ally Support *** U.A.E. to Help Dubai Ease Debt Load *** Eastern European Bailout Proposed *** Lugar Calls for a "Return to Realism" on Cuba *** Deal or No Deal: Did Clinton Really Lobby Serbs? *** Hillary didn't broker $1 million Serb goon deal *** Mugabe Turns 85 *** Netanyahu's plea for Israeli unity gov't rejected *** A Calculated Strategy for Afghanistan - Trudy Rubin, Philadelphia Inquirer *** Iran Inches Closer to the Bomb - Haaretz *** Can U.S. Find Right Answer for Afghanistan? - Dallas Morning News
The Media Mess The Media Tries to Make Nice or more nonsense from NY Magazine *** Philadelphia newspapers' owner files for bankruptcy... *** Philadelphia Newspapers Seeking Bankruptcy *** Philadelphia Publisher Files for Chapter 11 The owner of Philadelphia's two major daily newspapers filed for bankruptcy protection, capping a tumultuous experiment to bring local ownership to the city's dailies *** Al Sharpton is calling for the FCC to investigate News Corp over a cartoon published in the NY Post that he says is racist ***
Murdoch Takes a Hit - from economy also *** Rev. Al Sharpton wants FCC to investigate New York Post's parent company, News Corp (DN) *** What is in this week's Magazines *** Parties Do Battle on Google - Politico *** PM FINANCIAL TIMES says staff offered three-day working week...