Amid a backlash against foreign investors, some executives are banned from leaving the country
The Camry, last overhauled for the 2011 model year, just got another face-lift
Laws require companies to pay state taxes on sheltered profits
Financial filings reveal the pay package Henrique de Castro received upon exit from the company.
Wal-Mart's new money transfers shows how the retailer can use its reach to push down costs
Skipping Rocks Lab develops a green alternative to all that plastic
Alessandro Borgognone wooed Japanese chef Daisuke Nakazawa to open the four-star New York eatery
Administrators quashed their food delivery service. Now they're focusing on other colleges
Prices are low, but there’s plenty of red tape
Rank: 12 (Previous Rank: 6)
Budget gap (as a % of the total budget): 11.40%
Total gap: $6.4 billion
Gap before budget was approved: $4.9 billion
Additional midyear gap: $1.7 billion
Governor David Paterson this week unveiled a proposal for $4 billion in taxes and fees, including a new tax on soft drinks and luxury items and $9 billion in cuts to education, Medicaid, and other programs. He is trying to close an expected deficit for the current fiscal year and the following fiscal year that has grown to $15 billion. The state previously made cuts to the health insurance program for low-income families, froze hiring, and enacted tax and fee increases to close a $630 million shortfall before this year's budget was approved.