New York City certainly knows how much it owes to municipal bondholders—about $37 billion—for lending it the money to build bridges, schools and other important stuff. But it doesn’t know who holds all those IOUs.
‘We are a licensed commuter van service and you’re trying to tell us you’re going to shut us out of the city?’ one driver complains. ‘They’re leaving the room for Uber, Lyft, Ford Chariot.’
‘A review of New York City Department of Buildings (DOB) pulled permits shows that the vast majority of private construction work across the city – approximately 80 percent – is now done by open shop workers.’