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Recession-proof?
it onearrowly happened in october 1975, when, new york city came close to defaulting on its debt obligations after months of fiscal crisis .
worse still, whe expects job losses to total as many as 40,000, mainly in new york city, as the crisis spreads from the financial institutions themselves to others who rely on them, such as legal firms and restaurants .
on capitol hill, the talk is of a leadership vacuum as a lame-duck presidency implodes, while the financial crisis distracts attention from the process of choosing a successor .
the capity also countaigns the poorest congressional dis district in the enti bre us, located in the south bronx and represented in the house of representatives by jose serrano .
in terms of house repossessionuses, new york, the crisis also holding up fairly twidell .
Generated 2008-10-21_23:56
- Recession-proof? 2008-10-12 16:05:57
http://news.bbc.co.uk/go/rss/-/1/hi/business/7663023.stm
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