Finance

NYC’s Failing Board of Elections
Features, Finance, New York

NYC’s Failing Board of Elections

New York, NY — New York City Comptroller Scott M. Stringer has released an alarming audit showing significant breakdowns in the operations of elections by the City’s Board of Elections. After the BOE’s voter “purge” came to light in April 2016, the Comptroller’s Office deployed staff to more than 150 poll sites to observe three subsequent…

Higher Profits on Wall St.
Features, Finance, Law and Politics, New York

Higher Profits on Wall St.

New York, NY – Securities industry profits totaled $12.3 billion in the first half of 2017. “After a very successful first six months, Wall Street profits are on track to exceed last year’s level, barring a major fourth quarter setback,” New York State Tom DiNapoli said in a statement this week. “When Wall St. does well,…

Silverstein  Renovates Equitable Building $50M
Features, Finance, New York

Silverstein Renovates Equitable Building $50M

A plan to renovate and update one of the oldest Class-A office buildings in New York City is underway. The Equitable Building at 120 Broadway, was built in 1915 as the largest office building in the world and the first with passenger elevators. Silverstein Properties, which purchased the building in 1980, will spend $50M on the…

NYC’s Pension Funds Invests in Affordable Housing
Features, Finance, New York

NYC’s Pension Funds Invests in Affordable Housing

New York, NY — Comptroller Scott M. Stringer and the New York City Pension Funds have announced that $450 million will be allocated to support affordable housing across the five boroughs. The investment in Pension Funds will create tens of thousands of affordable homes and units citywide. City pension funds have created or preserved over 100,000 affordable…

FOXCONN Deal Comes With Risks
Features, Finance, National, New York

FOXCONN Deal Comes With Risks

The Taiwanese electronics supplier Foxconn has announced plans to invest as much as 10 billion dollars to build a factory for flat-panel display screens in Wisconsin. But before the euphoria over this unfinished deal overtakes us, there are some factors we should consider. As an employer in China, Foxconn earned notoriety when it came to light that the company…

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