Nicole Gelinas has written about urban economics, infrastructure, finance, and governance for nearly a decade. She is a contributing editor to the Manhattan Institute's City Journal magazine and a Chartered Financial Analyst (CFA) charterholder. Her book, [italics]After the Fall: How to Save the Economy from Wall Street -- and Washington[end-ital], will be out this fall.
To see what the federal stimulus package really has accomplished, take a look at this week's MTA news. Then, expect more of the same: paying more to ride on aging transit systems that break down all the time. How...
August 25, 2010 12:00 AM
MTA chief Jay Walder is looking to hit up riders for more cash yet again, his new budget shows -- while asking relatively little from his union workforce. In so doing, he's bloating the fairness deficit. The MTA...
August 03, 2010 12:00 AMThe Federal Reserve Bank of New York reported last week that Gotham's econ omy is back. Problem is, what's keeping us afloat is the Fed down in DC, which has taken extreme action to juice up the US financial industry -...
July 26, 2010 12:00 AMAt next week's public MTA hearings on its proposed token-booth closings and other customer-service reduc tions, city and state lawmakers will talk tough about sticking up for the straphanger against the big, bad MTA....
July 07, 2010 12:00 AM
The Dodd-Frank Act to "reform" Wall Street isn't yet a sure thing, votes-wise. New York's congressional delegation can still do the right thing for the city and state -- and should vote against this bad bill. The...
June 28, 2010 12:00 AMPresident Obama wrote to congressional leaders Saturday, begging them to pass an emergency $50 billion rescue for cities and states. Problem is, the hundreds of billions that Washington has showered on those cities and...
June 15, 2010 12:00 AMFor all the administration's tough talk on the oil gusher in the Gulf of Mex ico, the signs are already there that this crisis will actually play out like the financial crisis -- complete with BP's being declared "too...
June 07, 2010 12:00 AMAs Mayor Bloomberg un veiled his updated $66.2 bil lion city budget last week, Greek protesters were terrorizing their compatriots and global markets -- pushing the Dow toward an afternoon four-figure drop. In...
May 10, 2010 12:00 AM
MTA chief Jay Walder says the state-run authority's new $26.3 billion, five- year capital-spending plan is "a new way of doing business." But he's hemmed in by Albany's insistence on the old ways. Unless the...
May 06, 2010 12:00 AM
As the Senate moves forward with debate over financial reforms this week, New Yorkers should remember one thing: Weak rules may let Wall Street rake in big profits in the short term, but they will erode confidence in...
April 29, 2010 12:00 AM
President Obama hits Lower Manhattan today to chastise Wall Street ahead of a Senate debate on fixing finance. Problem is, he's using his bank-bashing to push a bill that doesn't deliver what he's promising. Obama...
April 22, 2010 12:00 AM
It doesn't take a financial ge nius to see that New York state and city -- plus their ap pendages, like the Metropolitan Transportation Authority -- are insolvent as far as the eye can see. Yet investors are buying...
April 19, 2010 12:00 AMNearly half of American tax filers didn't have to pay any federal income tax last year. But Americans -- especially New Yorkers -- shouldn't enjoy the free ride. Soon enough, everybody will pay for the higher spending...
April 14, 2010 12:00 AM
The inevitable is finally happening: New York's failure to fix spending is endangering decades of progress in public safety and infrastructure. Taxpayers won't stick around for shootings and derailments. It's time...
March 30, 2010 12:00 AM
Greek Prime Minister George Papandreou came to Washington yesterday to ask President Obama to help save his nation from speculators. In other words, he wants America to help him shoot the messenger. Sorry, Greece...
March 10, 2010 12:00 AM
New York may be on the road to reining in its longtime abuse of emi nent domain. Could our politicians actually abandon their long-held belief that it's their responsibility to replace people and businesses in managing...
February 20, 2010 12:00 AM
In announcing his proposed $66.5 billion spending plan for the fiscal year that starts in July, Mayor Bloomberg yesterday got the destination right -- but he's charting a long and dangerous path to get there. The...
January 29, 2010 12:00 AM
In the wake of last week's Democratic loss in Massachu setts, President Obama launched an all-out war on finance. The assault isn't targeted at the sources of the 2008 crisis -- and the campaign gravely threatens New...
January 25, 2010 12:00 AM
Last Friday, 100 days after coming in to head the MTA, Jay Walder issued a glossy report with his plan for the future, full of "making every dollar count" ideas. It would've sounded terrific -- if we hadn't heard it...
January 19, 2010 12:00 AMToday, President Obama will announce plans to levy a big fee on "too big to fail" financial firms. The fees, as much as $120 billion, seem designed to attract a crucial support base: New York's delegation in Congress....
January 14, 2010 12:00 AMNew York can't afford an other debt-fueled decade. For the last 10 years, New York state and city did what regular Americans did: borrowed without results. Mayor Bloomberg, Gov. Paterson and the Legislature should...
December 30, 2009 12:00 AMThe state-run Metropolitan Transportation Authority is threatening big service cuts next year, and even to make schoolkids pay a fare. But the "solution" from self-styled transit "advocates" and politicians is worse --...
December 16, 2009 12:00 AMSeven months after Albany "saved" the Metropolitan Transportation Authority's riders from doomsday service cuts, the MTA needs a bailout from its bailout. New Yorkers have just started to pay for state pols' failures...
December 11, 2009 12:00 AMThere's a vital lesson for New York in the travails of Dubai, the little Persian Gulf emirate with big buildings and bigger debts -- if only our politicians and taxpayers would understand. Last week, Dubai's state...
December 01, 2009 12:00 AMFixing the financial sys tem so that it doesn't blow up the economy again isn't hard. But complex solutions help Washington and the "too-big-to-fail" financial firms maintain the status quo -- and make future problems...
November 13, 2009 12:00 AMNew MTA chief Jay Walder wants to improve the state-run authority's non existent credibility. The way to start should be to launch a full-on, public investigation of the MTA's strange relations with the Transport...
November 11, 2009 12:00 AMMayor Bloomberg appears to have won a third term -- albeit by a close margin. His mission now must be to take on the public sector and prevent New York's insatiable special interests from suffocating our chance at a...
November 04, 2009 12:00 AMLeading up to next week's election, City Comptroller Bill Thompson, the Demo cratic challenger, has done New Yorkers a disservice in not running a serious race on fiscal and economic issues. The city's future depends...
October 27, 2009 12:00 AMNEW Metropolitan Trans portation Authority chief Jay Walder wants to focus the MTA's infrastructure-investment program on getting some stuff done that people can see -- and soon. Good. But Walder must make sure...
October 21, 2009 12:00 AMOver the weekend, new Metropolitan Transporta tion Authority chief Jay Walder spoke of investments in "smart card" technology so that New Yorkers can someday use their bank cards and cellphones to board trains and...
October 13, 2009 12:00 AM
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