Transit Strike is Bad for Business

Wednesday, December 21, 2005

The transit strike is affecting businesses throughout the city. Some estimates have put the losses at hundreds of millions of dollars a day. Mayor Bloomberg said as many as 40 percent of the city's retail business did not open yesterday and some that did had practically no business.

BLOOMBERG: The economic consequences of the strike range from to severe to devastating.

REPORTER: WNYC's Kathleen Horan visited downtown manhattan small businesses to see how the strike was affecting their livliehoods and brings us this report.

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