New York City is an exciting, exceptionally varied metropolis that offers everything people could ever want and an awful lot of things they do not want. Notable among the latter is an incredible fiscal problem: the Big Apple is slowly going broke. Its budget is expected to be in the red by at least $120 million in this fiscal year and by almost $900 million next year. A few experts even suggest that the city start afresh by reorganizing its finances under Chapter IX of the Federal Bankruptcy Act. Last week the...
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