MTA Taps Digital Technology Amid Crisis
How New York’s MTA communicated amid Hurricane Sandy could provide a digital-age blueprint for any transit crisis.
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Illinois’ economic strengths and fiscal flexibility as a sovereign state won’t shield it from further credit erosion, which would move it closer to junk, Moody’s Investors Service said in a special commentary.  more »
The recent $20 billion funding agreement for the long-stalled Gateway Hudson River tunnel will benefit the New York and New Jersey regional economies, according to Moody’s Investors Service.  more »

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New York State Assemblyman Phillip Goldfeder, D-Queens, examines outer-borough growth and transit needs in New York City, as well as efforts to harden its water-exposed neighborhoods.

The notion of option-adjusted spread (OAS) is the standard analytical tool for taxable fixed income securities. It is also making inroads into the muni market. Unfortunately the usual implementation for munis is flawed, rendering the results virtually meaningless. So it is understandable that many muni professionals shy away from OAS in favor of the archaic ‘yield-to-worst’ approach. Correct implementation would undoubtedly attract converts.

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