Skip Navigation
Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. More

Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero … all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

Little Bargaining Power Against a Hated Governor

By Megan McArdle
Apr 13 2009, 10:06 PM ET Comment

Governor Paterson of New York, who stepped in to fill Spitzer's shoes, is now about as popular as a summer cold.  In part, this is because he was never meant for prime-time; he's a ticket rounder without much political charisma.  But he's also been handed a really lousy hand.  All states are suffering in this downturn, but New York has spent twenty years getting used to the lavish spending that taxes on financial salaries enabled.  If you try to take it away, they feel that their civil rights are being violated--and they take their righteous rage out on the nearest politician to hand.

One of the groups he's crossed is the public sector unions, from whom he is demanding a 3% pay cut (in line with what the non-union workers have taken).  The union has responded with a furious public service campaign--but to no avail, because Paterson's ratings are so low that even a vicious negative ad run can't drive them any lower.   I expect the anti-tax groups are having the same problem. 


Presented by

More at The Atlantic

Greece Is on Pace for the Worst Recession in Modern History Why the Greek Recession Could Get Much Worse
The Oldest Cat Video of All Time? The Oldest Cat Video of All Time?
5 Lessons From the Rise of the BRICs 5 Lessons From the World's Great Rising Economies
Love Stinks: An Economic Manifesto Love Stinks: An Economic Manifesto
Our Aging Prison Population: Should Criminals Die Free? Should Aging Prisoners Die Free?

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.
blog comments powered by Disqus
Special Report
Beyond the BRICs Reuters Beyond the BRICs
A look at the next big global economies—and the rise of a global middle class. Read more ›
View All Correspondents

The Biggest Story in Photos

World Press Photo Contest 2012

Feb 15, 2012

Subscribe Now

SAVE 59%! 10 issues JUST $2.45 PER COPY

Facebook

Newsletters

Sign up to receive our free newsletters

(sample)

(sample)

(sample)

(sample)

Megan McArdle
from the Magazine

Why Companies Fail

GM’s stock price has sunk by a third since its IPO. Why is corporate turnaround so difficult…

The Graduates

Busted banking careers, crashed consultants, and shrunken incomes: the author attends her 10-year…

Romney’s Business

The Republican contender touts his business experience—but does it really matter?