Topic: Richard Ravitch
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Focus Public-sector belt-tightening: thrift, or long-term drag on US economy?
Since June 2009, 504,000 jobs have been cut among municipal employees. Public-sector reductions at the local level have subtracted almost a quarter of a percentage point from annual GDP each of the past four years.
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David Paterson drops out of New York governor's race
Dogged by a scandal involving a close aide, Gov. David Paterson dropped out of the New York governor's race Friday. However, he vowed to serve out his term and swore he had not abused his office 'not now, not ever.'
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New York scandal threatens Gov. David Paterson's election bid
New York Gov. David Paterson, already facing low poll numbers, now is dealing with reports that state police may have interfered with a domestic-violence investigation involving an aide. The state cabinet official who oversees the state police resigned Thursday.
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Paterson asserts right to appoint lieutenant governor
Critics of the New York governor's move say he doesn't have constitutional authority to do that. A court hearing is scheduled for Friday.
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