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Article: As Wall Street stumbles, New York fears the fall
- Article from:
- International Herald Tribune
- Article date:
- March 25, 2008
- Author:
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Louise Story The New York Times Media Group
International Herald Tribune
03-25-2008
As Wall Street stumbles, New York fears the fall
Byline: Louise Story The New York Times Media Group
Edition: 3
Section: FINANCE/BUSINESS
NEW YORK --
Reporting was contributed by Annie Correal, Geraldine Fabrikant, Christine Haughney and Sharon Otterman.
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New York is accustomed to job losses on Wall Street. They come with just about every economic slump, and their impact is felt throughout the city.
But now, as the city braces for a big contraction in the financial sector as a result of the credit crisis and the collapse of Bear Stearns, the fallout could be worse than in the past.
The New York economy ...
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