UK PRESS: New York state is to examine the amount of taxes paid by Wall
Street bankers as it tries to narrow its ballooning $9.2bn budget
deficit in an attempt to fend off financial collapse, the Telegraph
reports. The state is considering a raft of drastic measures similar to
those enacted by California to stay afloat. The measures, such as
enforced, unpaid holidays for state workers and issuing IOU’s, are being
discussed alongside targeting the state’s most lucrative asset: New
York’s financial centre, the paper says.