Posted on 09/29/2020 2:57:09 PM PDT by karpov
The unemployment rate in New York City is 16 percent, twice as high as the rest of the country. Personal income tax revenue is expected to drop by $2 billion this fiscal year. Only a third of hotel rooms are occupied, and apartment vacancies in Manhattan have hit a peak.
New York, more than any large city in the world, has been forced to grapple with the coronavirus outbreak’s dual paths of devastation: The virus has killed 24,000 people in the city and has sapped it of hundreds of thousands of jobs and billions of dollars in tax revenue.
And even as the city has contained the spread of the virus, it has been unable to exert control over its threat to the economy.
Numerous economic indicators suggest that New York City will face an extended financial crisis, the likes of which has not been seen since the 1970s.
The city has already slashed spending to make up for billions of dollars in lost tax revenue, but it may lose billions more.
Mayor Bill de Blasio and Gov. Andrew M. Cuomo have repeatedly asked the Trump administration for help, but the president, a native New Yorker who openly scorns his city of birth, has instead threatened to cut its federal funding. Should he win re-election in November, it seems likely that the city will be forced to implement drastic layoffs and service cuts.
New York City may even be compelled to borrow just to keep everyday services running; the mayor has asked state leaders to grant the city the authority to do so. So far, the state has resisted.
Shootings are on the rise, some New Yorkers are fleeing for the suburbs, businesses are reconsidering their need for office space
(Excerpt) Read more at nytimes.com ...
Most common news lead-in tomorrow morning: “During the debate, Trump claimed - with no evidence - that...”
Just a note, its starting already my friend just e mailed me telling me hes got an alert form the mayors office and the governor of NY, there is a wuhan flu spike in the city, and some upstate counties. Just in time for mail in ballots
No money shall be drawn from the treasury, but in consequence of appropriations made by law;
Paging Nancy. . .
Am I the only one envisioning a flood of plague rats?
My gosh I had been saying the same thing since February. It was so obvious that mass transit = mass transmission of disease. They should have shut the subway down well before March, and definitely by the end of March.
I’ve heard anecdotal evidence from people who visited the east coast even before February - some in November - who claimed they got gobsmacked by the worst case of ‘flu’ they ever had in their lives. They think they probably did have the virus, before we even know it existed. Since there are very few anti-body tests available, and no consensus on how long the anti-bodies last we may not ever know.
The one thing I have not heard discussed at all is how NYC is, right now, perhaps the “flattest curve” in the entire country. Why is that? Perhaps something to do with herd immunity. Again, just a semi-educated guess, but I’d venture to say the virus ravaged every person it could. Many died. Many more got sick. Many got sick and either had minimal or no symptoms and their bodies ultimately defeated the virus. No way to know for sure. But NYC got hit with the peak very hard very fast due to the lifestyle and density of the region, and is now over it... but other parts of the country it’s a much more elongated slope.
I read the article, as much as I hate to spend any time on the NYT website. Other than a brief mention of shootings being up not one word was said about rioting and looting, or about DeBlasio dumping homeless drug addicts into Upper West Side hotels.
The entire USA has had to deal with the Pandemic. Only New York has had to deal with the toxic combination of Cuomo and DeBlasio. Times Square is now filled with junkies and crime. It won’t be filled with tourists or businessmen anytime soon.
Don’t believe the faked coroner’s report,New York City did not die from CoVid-19.
NYC voted for this kind of thing, so they can just suck it up and quit whining to the rest of us.
So arrest the mayor. He’s the commanding officer.
N.Y. politicians need to look in the mirror..
“the president, a native New Yorker who openly scorns his city of birth”
That’s a bald face lie. Trump loves New York and does not scorn the city. However, he does scorn the mayor and the governor. Big difference.
Cuomo and DeBozo have devastated New York.
Detroit in steroids in a couple of years.
The politicians and bureaucrats crippled New York City.
Not a WORD about rioting and organized, mass looting. No mention of public safety. Bill De Blasio is portrayed as a uniter, and of course, Trump hates New York and wants to see it bankrupted.
Typical NY Times.
hm... funny that sweden doesn’t seem to have any of these problems?
Mayor Bill de Blasio and Gov. Andrew M. Cuomo
The two enemies of NYC they are at war with. If New Yorkers realize it.
And in addition. NYC is plagued with the New York Times, the Old Gray Whore brothel that is keeper of the presstitutes and purveyor of fake news
Cuomo started pleading for money the minute Covid hit the country......telling everyone New York City would be Ground Zero for covid and funding needed to go there first because the rest of the country can’t function without New York,....blah blah blah.
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