More New York bankruptcy to come? New Yorkers’ income falls for the first time in 70 years

More New York bankruptcy on the way? A New York State Comptroller’s  report indicates that the income of New Yorkers has fallen by 3.1 percent, the first decline in 70 years for New York residents. The primary cause of the decline is the drop in Wall Street earnings (remember the financial crisis?) and resulting layoffs …

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