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Mort Zuckerman is "Cautiously Optimistic"

Mort Zuckerman, owner of NY DAILY NEWS and US NEWS & WORLD REPORT, addressed the Queens Chamber of Commerce Breakfast Meeting 5/24/2011

Mort Zuckerman Speaks at Queens Chamber of Commerce Breakfast 5/24/2011   NYC Council Member Jimmy Van Bramer holds a Town Hall Meeting May 24th to discuss Hunters Point South Development plan   Bill Holiber, CEO, U.S. News & World Report and New York Daily News Introduces Mort Zuckerman     Full video coverage and follow up Q&A are available in the left column in 4 segments of approximately three to five minutes each. mort_zuckerman_daily_news_queens_chamber_20110524 q_and_a_mort_zickerman_20110524 queens_chamber_of_commerce_20110524 queens_chamber_of_commerce_2011052402

Long Island City, Queens, New York May 24, 2011 - Mort Zuckerman told the business community, gathered at the Queens Chamber of Commerce Annual Breakfast & EXPO, that he has shifted from "cautiously pessimistic" to "cautiously optimistic".   He described the devastating blow of the financial crisis as a "tsunami" that hit the financial world.  He also reminded the group that the Stimulus Funds, injected into the economy by the Obama Administration, will be fully deployed by the end of June.  Since these funds helped to offset the impact of the financial crisis, the impact of the loss of the stimulus money is unpredictable. Zuckerman was critical of the use of the stimulus funds because they were not applied to the type of programs and projects that would have created 1.5 - 1.7 jobs for every job added or saved.   Zuckerman was referring to the food chain effect, where several new jobs are created to support the work and efforts one job creates by adding new capital. By detailing several forms of unemployment,  Zuckerman detailed that the financial crisis has lifted the percentage of employable people who are not working to 17%-18%, not the 9.0%+ that is reported.  He noted that New York City has been hurt less by the financial crisis than other parts of the country. OurLIC attended the Queens Chamber of Commerce Breakfast and is making a full video recording of Mort Zuckerman's address available with this article.    This is an article in progress.  Summary notes and HIGHLIGHTS will be made available.  Please check back.       Mort Zuckerman Speaks at Queens Chamber of Commerce Breakfast 5/24/2011 NYC Council Member Jimmy Van Bramer holds a Town Hall Meeting May 24th to discuss Hunters Point South Development plan Bill Holiber, CEO, U.S. News & World Report and New York Daily News Introduces Mort Zuckerman Jack Friedman, Executive Director, Queens Chamber of Commerce welcomes attendees to the Annual Breakfast and EXPO 5/24/2011.

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