Nothing Great About the Good Jobs Number

Here’s the bad news about today’s jobs report: It proves once and for all that we are in a slow growth economy. And that’s worse news than you think.

Next to recent headlines, of course, most people would take slow growth. For the past few weeks, more and more forecasters have been saying that the economy may start to shrink and we will …

Get Ready for Higher Property Taxes

The property taxes on my condo just went up 17%. That would be a breathtaking number if I wasn’t so used to it: Last year they jumped 16%. The problem here in New York City is that there are fewer real estate sales than during the boom, so the city has to make up the missing revenue from somewhere. And guess what? Existing homeowners are …

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