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The article presents information on the money market of New York with special reference to industrialization. According to the economist M. Leroy Bealieu, the whole world was suffering because demands on capital by industry and speculation had become greater than the actual available supplies, that credit pure and simple had been carried as far as was prudent under such circumstances. The enormous loan reduction shown in the bank's return of New York city was a sign that the process of forced liquidation bad been effective in accomplishing exactly the end which had made it necessary.

To help ease the city's transportation burden, the New York City Economic Development Corp. and New York City Department of Transportation are encouraging commuters and visitors to head for the water. As a result, a new, $40 million West Midtown Ferry Terminal at West 39th Street at Pier 79 is being built to accommodate ever-increasing ferry ridership. New York City is so committed to expanding it ferry transport system that there are plans to renovate and construct five ferry landings along the East Side from Wall Street up to 94 Street.

Discusses outside factors influencing the economy of Westchester County, New York. Inclusion of the impact of rising gasoline prices on Westchester retail sales; Possible improvement in the economy if U.S. President George W. Bush and Congress can agree to a revised federal spending plan for road and mass-transit projects; Argument that the state has kept taxes high by passing along to Westchester and other counties the rising costs of state-mandated Medicaid programs and pension-fund paybacks.

Reports on the disapproval of the development community to the appointment of Patrick Duggan as economic development commissioner for Nassau County in New York. Education of Duggan on the intricacies of the job; Career history of Duggan; Implementation of development projects.

Presents several economic development agencies in New York.

Reports business developments in Westchester County, New York. Highlights of the 18th annual gala of The American Red Cross in Westchester County; Recipients of the annual Entrepreneur of the Year awards of Ernst and Young Inc.; Contribution of the firms to economic development.

The Procurement Technical Assistance Center (PTAC) has received funding for 2004. PTAC's programs and services are made possible through a cooperative funding agreement between the Department of Defense and the Rockland Economic Development Corporation, in cooperation with Rockland County, the Orange County Chamber of Commerce and the Westchester Industrial Development Agency in New York. The program offers free, confidential, one-on-one counseling sessions to introduce businesses to government contracting.

Michael Sullivan, president of that Sullivan county's Partnership for Economic Development held a closed-door session at the Blue Horizon Restaurant. Sullivan reports that by keeping the public and the press from the meeting, he enabled free wielding discussion, which saw diversity of opinion between the communities. Development issues have been far more pronounced in Mamakating, the town nearest the Orange County border, than in many other Sullivan communities, dating back at least to the dispute over whether it should have a Kohl's warehouse-distribution center built on its land. This is reflected in conflicting opinions regarding the airport.

Sullivan County would never be known for distribution, pharmaceutical high tech or substantial retail development. It was simply a bridge too far, or so Michael Sullivan was told by skeptics when he became president of the Sullivan County Partnership For Economic Development. Now, nearly seven years later, the county has made significant and sometimes eye popping strides in those directions. Sullivan has been named marketing director for the "Times Herald Record," the daily newspaper whose main office is in Middletown. He had worked there before as manager of national and co-op accounts.

Reports that economic development agencies on Long Island, New York need a focused agenda to do a better job for the region. Need to compare regional plans for development; Economic development issues that Long Island is facing; Plans of government for housing and economic development.

Details the commercial development of the west side of New York City. Opening of several Ralph Lauren stores; Retail concept of the Yoya-Mart store; Conversion of the Meatpacking District into art galleries, spas, restaurants and bars.