misc Cleveburgh thoughts
More on the : the WSJ's Deal Journal Blog looks ever more into the mechanics of the PNC/NatCity deal.
No news to point out that progress at local government reform has been at best halting of late. They have their own problems up the pike at reforming local government in Cuyaoga County.
Other news: this has real implications here if AAA Municipal Bond insurance goes away.
New York-Burgh? In the news is that BoNY/Mellon has some job cuts coming down the line. Some will be here for sure, but I have always thought that in a cost conscious era Pittsburgh will fare better in the longer run or not. Real estate price collapse or not, it still is just so much more expensive to have a back office job anywhere near Manhattan than elsewhere. Granted that argument has not worked super well for a few big consolidations of note in the last decade, but then again the cost issues have not been as dire as they have been of late. Anyone notice just how big BoNY/Mellon is? 22 $trillion in assets under management. That is a T.
More from NY.... if Senator Clinton becomes Secretary of State, the PG throws out the possibility of a 28 year old Senator Chelsea. My call for who gets appointed to her senate seat is Nassau County Chief Executive Tom Suozzi.