Yesterday New York Gov. Andrew Cuomo dropped an economic atom bomb on New York City by rejecting a natural gas pipeline to bring more supplies of clean-burning natgas to NYC and Long Island (see NY Gov. Cuomo Denies Permit for Williams NESE Pipeline to NYC). The reaction has been swift, and negative. NYC’s economic and business leaders understand what’s just happened. They are “alarmed” at what’s coming. They have good reason to be alarmed. NYC is an economic “dead man walking.”
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