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Offers investment advice in light of Wall Street scandals. Complaint by New York Attorney General Eliot Spitzer against Janus mutual fund for potential improper trading practices; Implications of how investors react to such financial scandals; Why there is more reason to be distrustful of financial institutions that give small investors access to the markets; Scandals in 2003; Issue of fund firms giving large clients certain advantages; Topic of late trading; The widening mutual fund investigation; Advice to fund investors; Discussion of the economic rebound. INSET: GREED BEATS FEAR AGAIN.

The article reports that while New York has the 3.72 billion dollars it needed for fiscal year 1976-1971, New York City will not be able to manage the marketability of its securities under the three-year 6.6 billion financial plan. It says that the state is looking at accounting tricks like deferring some personal income tax refunds in 1977 until after March 31 of that year. Meanwhile, state banks and out-of-state banks and some financial institutions took 2.4 billion of the financing package.

Comments on financial anxieties. Ways that excessive, or inappropriate, vigilance exacts a price; Contention that people who insulate their portfolios against phantom risks pay a toll; How, in limiting risk, people also limit the opportunity for gain; Focus on Wall Street hedge funds; Reasons why people worry about hedge funds; Topic of risk aversion; Risks in real estate, including adjustable-rate mortgages; Discussion of derivatives; Efforts of Wall Street to market derivatives as a tool for making risk more palatable.

The article focuses on the career of Muriel Siebert in breaking gender barriers to financial success. Siebert had spent her 46-year career in the male-dominated world of Wall Street in New York City. In October 2000, her Siebert Financial Corp. bought two Internet operations that provided investment education, advice and services geared to women. She hoped to create a one-stop Web site for a woman's business and personal finance needs.

The article reports on the highlights of the 2006 "Get Your Money Right" event organized by the Hip-Hop Summit Action Network at the Hammerstein Ballroom in Midtown Manhattan, New York City. The event, which was sponsored by Chrysler Financial Inc. and Anheuser Busch, was aimed to inspire 18 to 35-year-old youth at risk to improve their life through financial empowerment.

Presents several statements from retirees on their financial preparations for retirement in New York. Vacation plans of New School president Bob Kerrey; Apartment expansion project of Sarabeth Levine, owner and chef of Sarabeth's; Travel ambition of Penny Arcade, a performance artist.

The article reports that a review of the New York City, New York financial plans revealed that strong profit on Wall Street and a dynamic commercial real estate market have driven up tax collections and given the city a projected $1.9 billion surplus for the fiscal year 2007. Due to this, the city has closed the projected fiscal 2008 budget gap to $510 million from $3.8 billion.

This article reports that the board of New York Metropolitan Transportation Authority (MTA) on December 16, 2004, approved a controversial financial plan for fiscal year of 2005 that closes a $101 million deficit by cutting discounts on subway and commuter train fares and raising express bus fares and bridge and tunnel tolls. The MTA will increase 30-day unlimited MetroCard prices for New York City subways and buses to $76 from $70 and 7-day cards to $24 from 21 on February 2005. New York City Transit express bus base fares will also increase in February to $5 from $4.