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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.

Coup in Albany: What Does It All Mean?

By Megan McArdle
Jun 9 2009, 4:45 PM ET Comment

I'm not clear on why the primary reporting on the Republican coup that just seized control of the state senate from the Democrats is being reported nearly exclusively as a gay marriage thing.  Yes, I understand that this is a blow to gay marriage, but it has a lot of implications for the state on spending, rent control, and any of a number of other issues--you may have heard that they're having something of a financial crisis.



Nor does gay marriage seem to me to have been driving their switch.  The two Democrats who crossed over to vote their party out of control are neutral-to-supportive on gay marriage; what they really have in common is that they are both under a legal cloud.  Since they both come from safe Democratic districts, the party leadership had no need to stand behind them, and they've been fighting for more support from the leaders for a while.  Tom Golisano, who seems to have orchestrated the coup, isn't so much a social conservative as a pro-business guy; he's part of a "good government" coalition that has been building up in Western New York for quite some time, trying to topple the heavy taxation and regulation imposed by downstate, which they believe cripples the upstate economy.  Whatever his personal views on gay marriage, I don't see it being his primary motivation.

You've got internicene warfare among a suddenly ascendant party, and a state in chaos.  Gay marriage will undoubtedly be affected by this, but it's not obvious to me that it's the main story.  So what am I missing?
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