Ilya Marritz

New York, NY —

For several years, book publishers, newspapers and magazines have struggled to stay profitable. Now it looks like they are losing that struggle. Publisher Houghton Mifflin has stopped buying manuscripts. The Tribune Company has filed for bankruptcy. And the mighty New York Times is so squeezed ...

New York, NY —

Greg David, editorial director of Crain's New York Business, joins us for a wrap up of the week's economic news.

New York, NY —

The unemployment rate in New York State shot up last month, from 5.7 to 6.1 percent. It's the biggest jump in unemployment in seven years. Citing the bad economy, Federal Express announced today it will stop offering to match its employees' 401(k) retirement plan contributions.

It ...

New York, NY —

A silver lining to the financial mess we're in: prices really are dropping, and not just on West Texas crude. Clothes, cars, even the proverbial pint of milk have all gotten cheaper. David Leonhardt writes about deflation, or falling prices, for The New York Times, ...

New York, NY —

Governor Paterson reveals his proposed austerity budget.

New York, NY —

The Madoff mayhem, and what it means.

New York, NY —

First we heard about Marc Dreier, the Manhattan attorney who allegedly scammed investors out of $380 million through impeccably orchestrated schemes.

And then late yesterday we learned that the SEC and FBI have each brought fraud charges against of Bernard Madoff, a hedge fund operator who ...

New York, NY —

The housing crisis threw the nation into a recession but Comptroller Bill Thompson says it's the Wall Street meltdown that's hurting New York City. He expects the city to lose 170,000 jobs by the end of 2010.

THOMPSON: Some 46,000 of those jobs will have been ...

New York, NY —

NPR explains why it’s cutting staff and programs.

New York, NY —

As the economy deteriorates, city agencies are told to make more budget cuts.

New York, NY —

Retailers report sales are down this season 40 to 50 percent.

New York, NY —

New York companies are reporting more layoffs. Long Island's Newsday will cut 100 staff - or five percent of its workforce. Two auction houses, Sotheby's and Christie's, are planning layoffs as well. Editor of Crain's New York Business, Greg David, says that media has been ...

New York, NY —

New York takes a step towards regulation of the tricky instruments known as credit default swaps.

New York, NY —

A former banker says going public ruined investment banking.

Fewer banks are willing to make home loans these days, and the State of New York Mortgage Agency, or SONYMA, is picking up some of the slack. The agency says the total value of loans it's bought so far this year is $466 million. That's up 74 percent over last ...

New York, NY —

Private investors and Albany both grapple with housing foreclosures.

New York, NY —

Today the Supreme Court will hear arguments that could affect future operations at the Indian Point nuclear power station north of New York City. WNYC's Ilya Marritz has more.

REPORTER: At issue is the system Indian Point uses to cool its two reactors. The plant draws ...

New York, NY —

Fred Mogul reports on efforts to build a science park in Manhattan.

New York, NY —

Banks usually overestimate what they owe on their quarterly taxes, and claim adjustments at the end of the year.

Mayor Bloomberg says during healthy economies, the city has typically paid back corporations about $250-million.

BLOOMBERG: this year we've already had $800-million in overpayments and November and December ...

New York, NY —

Jerry Storch, CEO of Toys R Us, on weathering the recession.