Archived Blog Post: November 28, 2002

New York city - "Less welcome is a dangerous tendency to exaggerate the impact of the World Trade Centre attack, and to ignore long-term imbalances in the budget. Despite all the bad news, neither the national nor the local economy is doing particularly badly. The city's unemployment rate remains below 8%, less than it was five years ago. The current crunch is the product not of the economy, but of poor political decisions."