A report by the state’s comptroller finds that the dysfunction in Washington may take a bite out of Wall Street profits for the remainder of this year.
The analysis by New York state Comptroller Tom DiNapoli finds the recent gridlock in Congress, higher interest rates, and the JP Morgan $13 billion settlement over bad mortgages is contributing to lower earnings and profits for New York’s financial industry.
An era in North Country – and national – journalism came to a quiet close at the end of March. The Watertown Daily Times closed its Washington, D.C. bureau, laying off the last of its capitol beat reporters, part of a tradition that stretches back more than 60 years.
The closure is part of a steep decline in regional newspapers providing their own eyes and ears on the ground in Washington, looking out for their readers' and their regions' interests as federal policy is made.