Community Blog near Los Angeles, CA

ALBANY — A new projection shows Wall Street's meltdown could cost New York up to 40,000 private sector jobs and $3 billion in tax revenues over the next two years, two state officials said today. The revised numbers in the snapshot of worst case estimates was done yesterday at the highest levels of government. They are worse than Governor Paterson's estimate just Tuesday that the state would lose about $1 billion in revenue because of plummeting stock values and the need for federal bailouts of...