Economy

Last Thursday, former Vice President Al Gore joined the many voices that have been calling for a crash program-a "moon-shot" national effort to get us off of fossil fuels. Senator Obama applauded the speech saying "For decades, Al Gore has challenged the skeptics in Washington on climate change and awakened the conscience of a nation to the urgency of this threat."

At the moment, neither Senator Obama nor Senator McCain are taking as aggressive a position as Gore is taking. The energy industry doesn't know how to deal with this newest energy crisis. At the heart of the discussion is the impact of our current energy practices on our economic well-being and on national security.  read more »

I'm on vacation this week, enjoying the sun, surf and sand here in Long Beach New York, where we've had a small summer home since 1987. I'm on the West End of town, where the biggest problem over the last few years has been the proliferation of second and third cars and the difficulty of parking on the narrow and crowded streets: Until this summer. This summer the big news is the price of gasoline. In the last year and a half, the price of gasoline has doubled. In January, 2007 gasoline was less than $2.20 a gallon, today it is well over $4.  read more »

Brokers, developers, and the media have been trumpeting the resilience of Manhattan’s condo and co-op market for nearly a year, and now even the Federal Reserve has singled it out in the latest installment of its regional survey known as the “Beige Book.”  read more »