According to City Comptroller John Liu, all those warnings you’ve been hearing about the escalating costs of public employee pensions and health benefits are wrong. Mr. Liu recently put out a report that argues that the cost of pensions and benefits actually will go down beginning in 2016.
Did we mention that Mr. Liu is Read More
Michael Bloomberg bolstered his reputation for focusing on productivity during a State of the City speech whose unifying thread was his vision of running New York City as efficiently as possible. The city has endured the recession better than the rest of the country, and Bloomberg focused on policies he said would continue to stimulate Read More
General Motors’ gargantuan initial public offering should have made this a good day for Steven Rattner, the troubled former car czar and private equity kingpin.
It has not been.
In one of his final acts as Attorney General, Governor-Elect Andrew Cuomo filed two lawsuits against Mr. Rattner, who co-founded the multibillion-dollar firm Quadrangle. Read More
Earlier this year, the private real estate groups Urban American and the City Investment Fund purchased a series of old affordable housing complexes in Harlem and Roosevelt Island for $940 million in the second most expensive real estate portfolio deal in city history. At the time, the purchase looked like another example of old Read More