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Only In New York City Blog; February, 2009 Archive; Only In New York City Blog | -- ../../local/newyorkcity/index-February-2009-1.html
02/10/09 03:23
This is not the first time that New York City face bankruptcy. The year 1975, the city was spending and borrowing too much money to the point where they don't have anything to spend so wages must be frozen and jobs must be cut like what is happening these days cause of the sudden global economic downturn. Then-Mayor Abe Beame (1975) cried for help on the white house but was rejected by President Ford, prompting the famous Daily News front-page headline: "FORD TO CITY: DROP DEAD". Unlike these times where the city will expect a bailout to President Obama's proposed $819 Billion stimulus program hopefully .Link: Fiscal crisis in 1975 taught New York hard lessons of chopping, freezing that are handy now
Tags: 1975 brush with bankruptcy • spending and borrowing too much money • proposed 819 billion stimulus program •
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02/07/09 23:20
One of NYC's most beloved urban animals - carriage horses won't be seen on streets of the city if Queens Democrat Tony Avella's proposal to ban the carriages will pass through legislation. Avella with the Coalition for New York City Animals, explained the the city is no place for horses which can harm them and people around. The ban will slash 400 more jobs in the middle of the economic crisis. On the other hand, carriage drivers supports an alternative proposal to raise prices for a ride at the same time with new regulations for ensuring the horses conditions.[404 Check: was link to http:/ / www. newsday. com/ iphone/ ny -nyhors0201,0,7091330. story, anchor: Link: NYC weighs ban on Central Park horse carriages -- newsday.com]
Tags: horse carriage ban • tony avella • coalition for new york city animals • urban animals •
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02/03/09 23:08
New York state may run out of money if it fails to craft a plan that will close its $1.6 billion budget deficit for the fiscal year ending March 2009. New York's $1.2 billion in reserves won't be able to cover this deficit. Some state officials even warned that rainy day funds won't be good because revenue in the coming months is predicted to be even lower. Now, what will happen to New York? Link: Bloomberg.com: U.S.
Tags: new york state has run out of money • budget deficit •
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