Lawmakers and elected officials, along with business boosters, have argued over the years that the money helps in turning around the state's generally poor economic climate, especially upstate, and counteracts New York's comparatively high taxes. (nystateofpolitics.com)
Feltheimer says the drop occurred in part because the company released fewer films than usual into what it believed would be a poor economic climate for movies — not because of the quality of the films. (canadianbusiness.com)
On top of facing a poor economic climate, the banks will have lost a lot on their holding of government bonds. (monevator.com)