Is New York really losing 400 million dollars a day?
December 20, 2005 5:43 AM Subscribe
What does it mean when they give an estimate of a financial loss to a city? Bloomberg has given an estimate that the strike will cost the city $400 million a day. But . . .
does that mean money that does not come in to the city and money that leaves the city? Or are they being shifty and calculating some revenue and not others. That is, money still circulates, is it really lost or is its path being altered?