Not So Fast: Council Should Not Be In A Hurry To Change Its Rules

Written by Michael Tobman on . Posted in Opinion

New York City’s government and politics have big changes underway. The civic ground beneath our feet is shifting. But concerning the rush to implement reform in the operations of the City Council—reforms which would transfer much power to individual members and away from the Speaker—New Yorkers in every neighborhood in every borough should caution their elected representatives to slow down. Reform is just another word for change, and putting the term “progressive”—the hot adjective these days—in front of it doesn’t… [More]

De Blasio Economics: Growth with Equity

Written by Rick McGahey on . Posted in Daily, News, Opinion

As New York City Mayor-elect Bill de Blasio switches from campaigning to governing, he faces challenges in creating jobs and maintaining a healthy economy while keeping to his goals of reducing inequality and helping low-income New Yorkers. The public discussion so far has focused on tax increases, new social programs and redistributing income, but New York cannot prosper with redistribution as the central strategy; the city needs quality jobs fueled by the private sector. Here are three ways the de… [More]

Save the 30-Year Mortgage

Written by Carolyn Maloney on . Posted in Features, Housing, Opinion

Before the 1950s, a fixed-rate, 30-year mortgage was as rare as bipartisanship is in national politics today. Since World War II, however, the 30-year home loan has become the norm and helped countless Americans become homeowners for one simple reason: the fixed rate and long term create stable monthly payments that fit comfortably into the average household budget. So why is the 30-year-mortgage suddenly endangered? Legislation proposed by House Republicans would likely return the 30-year, fixed-rate-mortgage to an oddity, inaccessible… [More]