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New York City Might Impose Millionaire’s Tax

Tuesday, March 10th, 2009

Taxing the rich sounds like a very tempting idea, even to New York City politicians. Controller William Thompson had opposed the controversial law when it was first proposed in October 2008. Now he's changing his tune as the city's financial woes worsen. Thompson, a Demcrat who is also a ...

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Garment Center Gets A Reprieve

Wednesday, February 11th, 2009

The Garment Center, the hub of apparel manufacturing in New York City has been seeing a downturn since the 1950s. One of the biggest problems facing companies that wish to employ workers there, besides labor costs, is the skyrocketing cost of rent. Nanette Lepore says the global economic ...

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New York City Hoping To Avoid 70’s Disaster

Thursday, January 29th, 2009

New York City is facing its' worst financial crisis in years. The last time the City faced so many challenges, the results were devastating. In the 1970s as tax money dried up, city services went along for the ride and residents fled the City in droves as the ...

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New York City Fate Depends On Bailout

Wednesday, October 1st, 2008

Interesting article by Amity Shlaes today concerning the role of New York City after the bailout vote. New York City has a number of pressing issues right now. Even before this month, the New York gladiator had weaknesses. Analyst Richard Persichetti of real-estate brokerage Grubb & Ellis Co. quantifies not ...

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Reliant Energy Entering New York State

Tuesday, April 8th, 2008

Commercial businesses in New York will soon have another option for electricity. Reliant Energy is coming to New York State and is looking to provide competitive pricing, customer service and innovative products to larger businesses throughout the state. "We are committed to bringing the benefits of competitive markets to our customers ...

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