From an op-ed by in today's Post by Nicole Gelinas, a Manhattan Institute fellow:
Our elected leaders have been making long-term spending commitments as if Wall Street would never slow for more than a year or two. But the industry now faces its worst crisis in decades. The city and state must drastically change their approach -- or this crisis could turn into a longterm disaster.
Also: Gov. Paterson will deliver a grim economic address at 5:10 p.m. today in the state Capitol. The speech will be broadcast live on NY1.
Will need to buy the right outfit for this!