Monday, March 21, 2011
By Charlie Herman : Business and Economics Editor
With the president traveling in Latin America and Congress on recess, there's no one issue driving the economic agenda and markets this week. As a result, investors will be pay close attention to the allies' air assault in Libya as well as other developments in the Middle East and what they mean for oil production and prices.
Thursday, March 17, 2011
— Joe Flood, editor-at-large of aiCIO Magazine on The Brian Lehrer Show.
Tuesday, March 15, 2011
John Fund, columnist for the Wall Street Journal editorial page and author of How the Obama Administration Threatens to Undermine Our Elections and Teresa Ghilarducci, labor economist at The New School and author of When I'm Sixty-Four: The Plot Against Pensions and the Plan to Save Them discuss public worker pensions.
Monday, March 14, 2011
Alicia Munnell, director of the Center for Retirement Research at Boston College, professor at Carroll School of Management, and former assistant secretary of the Treasury for Economic Policy is joined by John Turner, director of of the Pension Policy Center, to kick off the pensions series with a discussion of the state of public and private pensions.
Tuesday, February 22, 2011
"This is the new normal," Christie pronounced in Trenton on Tuesday.
Thoroughly optimistic about the state of New Jersey, Gov. Chris Christie introduced a $29.4 billion 2012 budget, with spending projected to be 2.6 percent less than the current year. He reaffirmed his commitment to not fund commitments made by prior governors if he doesn't believe they're good investments (possibly a reference to pulling a plug on the ARC Tunnel project connecting New York and New Jersey).
Wednesday, February 16, 2011
Tuesday, February 08, 2011
Mayor Bloomberg testified in Albany on Monday about the effects on New York City of Governor Cuomo's budget proposals and the changes he wants to make to pensions. Azi Paybarah, WNYC political reporter and author of The Empire blog discusses the Mayor's comments.
Friday, February 04, 2011
By Bob Hennelly
This week, the city's labor unions got their first official glimpse at what Mayor Michael Bloomberg thinks future union hires should expect in the 21st century. The comprehensive proposal was presented to the Muncipal Labor Council not by Mayor Bloomberg himself, but by his Commissioner for Labor Relations James Hanley.
Thursday, February 03, 2011
Mayor Bloomberg defused claims by the Sanitation Union chief that his demands are "an attack on the middle class" that would "destroy" city employees: "We will, in the end, come to an agreement," the mayor said.
Thursday, January 27, 2011
We’ve talked a lot about states’ budget crises on The Takeaway. Yesterday we discussed legislation that would allow states to declare bankruptcy. Many state policymakers blame their financial woes on public employees and their expensive pension plans. Utah was in the same boat — until the state legislature enacted sweeping reforms, changing public pensions to private 401(k)s. Will this become law in other states? How will privatizing pensions affect state employees and taxpayers?
Wednesday, January 26, 2011
Forty-four states and Washington, D.C. anticipate budget shortfalls of over $125 million by the end of fiscal year 2011, according to the Center on Budget and Policy Priorities. Many state policymakers are blaming their budget crises on public sector employees, citing expensive pension plans. Crushing state debt has caused some federal lawmakers to consider a legislative remedy: allowing states to file for bankruptcy. But will declaring bankruptcy really solve states' pension woes? How will unions react? What other remedies exist for debt-ridden states?
Thursday, January 20, 2011
By Bob Hennelly
At the landmark St. George Theater, the choir from PS 29 sang as the mayor took to the stage and delivered a confident speech — with no apology for the snow removal fiasco. He said the city was leading the nation from recession to recovery.
"In fact for the first time in decades New York City entered a national recession later than the rest of the country and now we have come out of it faster and stronger than the rest of the country," Bloomberg declared to loud applause.
Wednesday, January 19, 2011
By Richard Yeh : Producer, WNYC News
At his tenth State of the City address, Mayor Michael Bloomberg said the state of city is strong, but progress is not inevitable — it is up to us to create it.
Bloomberg also warned that the most severe budget cuts are ahead, due to unfunded mandates and pension benefits with no expected extra help from Albany or Washington this year.
Saturday, January 15, 2011
By Bob Hennelly
Market watchers say not since the 2008 meltdown have municipal and state governments had such a hard time finding buyers for the bonds as they did this week. That global anxiety over public debt was felt by the state of New Jersey.
Wednesday, October 13, 2010
By Azi Paybarah
From a union supporting Democratic comptroller Tom DiNapoli.
This flier, from Civil Service Employees Association, arrived at my apartment building earlier this week. The other side of the flyer says DiNapoli "believes that public employee pensions should continue to be guaranteed."
Thursday, September 23, 2010
James Parrot, Deputy Director and Chief Economist at the Fiscal Policy Institute, and Steve Malanga, Manhattan Institute Senior Fellow and author of the forthcoming book Shakedown: The Continuing Conspiracy Against the American Taxpayer, discuss today's Wonk Wars true/false statement: Public Employees Get Too Many Benefits.