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2014 Economic Forecast

December 2014

New York is on the road to recovery from the great recession but the Federal Government must step in to protect the social safety net. This was the theme echoed at the Business and Labor Coalition of New York, forum Friday, December 13th. The event focused on 'The Impact of Wall Street & Washington Fiscal Crisis on the New York Economy." More than 150 people attended the BALCONY forum held at the Ballroom at 4 West 43rd Street in New York City.

The speakers represented multiple points of view on the topic. New York City Comptroller-Elect Scott Stringer, New York City Comptroller John Liu, and Keynote speaker New York State Comptroller Thomas DiNapoli discussed the government's position on the Securities Industry and the challenges the New York State government still face following the 2008 Great Recession. Arthur Cheliotes, President of CWA Local 1180 spoke on behalf of unionized labor, while Cynthia DiBartolo, CEO of Tigress Financial Partners discussed responsibility and accountability in the Securities Industry. Mark Rifkin, Partner at Wolf Haldenstein Adler Freeman & Herz, spoke to the recent congressional changes and how they will impact Wall Street and investing. Finally, Mark Jaffe, President of the Greater New York Chamber of Commerce, summed up the speakers' remarks by saying "it comes down to trust."