New York State is facing its biggest budget deficit since Gov. Cuomo took office at the end of the Great Recession — but you'd never know it from watching or listening to the Board of Regents, the state's education policy-making body. The Regents this week called on the governor and the Legislature...

NY Daily News (Date:12/10/2019 23:26) Read full article >>

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Legislature PhotoLegislature: A legislature is a kind of deliberative assembly with the power to pass, amend, and repeal laws. The law created by a legislature is called legislation or statutory law. In addition to enacting laws, legislatures usually have exclusive authority to raise or lower taxes and adopt the budget and other
Recession: In economics, a recession is a business cycle contraction, It is a general slowdown in economic activity.Macroeconomic indicators such as GDP, employment, investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate r
Regents: A regent, from the Latin regens, "[one] reigning", or regency council is a person or group of persons selected to act as head of state because the ruler is a minor, not present, or debilitated. The period of rule of a regent or regents is referred to as a regency.
Great Recession: The Great Recession is a marked global economic decline that began in December 2007 and took a particularly sharp downward turn in September 2008. The active phase of the crisis, which manifested as a liquidity crisis, can be dated from August 7, 2007 when BNP Paribas terminated withdrawals from th