New York, NY –
The job losses that are likely to come from the bankruptcy of Lehman Brothers and the sale of Merrill Lynch to Bank of America will affect the economies of New York City and New York State.
REPORTER: But Greg David, editor in chief of Crain's New York Business, tells WNYC's Brian Lehrer the city is in a better position to handle the downturn, because the mayor and the council have already cut spending.
DAVID: I think people's ire should be focused on the state, like silver and skelos, who a month ago would not cut the budget as much as David Paterson asked for, now clearly the situation is worse; they've got to stop caring about the Nov election and start caring about the long term.
REPORTER: In his news conference today, Governor Paterson says he's been keeping legislative leaders informed about the state's economic condition.
Amy Eddings is the local host of “All Things Considered,” which airs from 4 PM until 8 PM weekdays. She started hosting in 2004, after long-time host JoAnn Allen left for the West Coast. Before ATC, Amy was a reporter. Her favorite topics were--and still are--garbage and recycling, which she still reports on whenever she can get out of the studio.
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