Finance

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…

NYC’s Economic Outlook Continues Strong
Features, Finance, New York

NYC’s Economic Outlook Continues Strong

New York, NY — New York City’s economy picked up in the spring and summer of 2017, according to a new analysis from New York City Comptroller Scott M. Stringer. The new quarterly report found economic growth of 3.3% in the second quarter of this year — more than double the growth from the same quarter last year.

Trump Security Reimbursement To NYC
Finance

Trump Security Reimbursement To NYC

May 7, 2017  By Neal Tepel New York, NY –  The national bipartisan budget agreement includes funding to cover the cost New York City has incurred securing Trump Tower. The agreement includes $20 million for costs incurred between Election Day and Inauguration Day and $41 million for all costs after Inauguration Day. This funding is…

Property Tax Relief for Seniors and Disabled
Finance

Property Tax Relief for Seniors and Disabled

May 3, 2017  By Neal Tepel New York, NY –  New York State legislation, sponsored by State Senator Diane Savino (S4628) and Assembly Member Brian Kavanagh (A7463) would expand property tax exemptions for senior citizens and disabled New Yorkers. Current State law enables senior citizens and disabled individuals making up to $37,400 annually to qualify…

Illinois Legislature Considers $15 Minimum
Finance, National

Illinois Legislature Considers $15 Minimum

April 24, 2017  By Steven Wishnia and Neal Tepel Peoria, IL – With a bill to raise the Illinois minimum wage from $8.25 an hour to $15 now on the state House floor, the measure’s sponsors are touring the state to drum up support. “The legislature will be on the record saying that $15 an…

New Mexico Governor Vetoes Minimum-Wage Increases
Finance, National

New Mexico Governor Vetoes Minimum-Wage Increases

April 16, 2017 By Steven Wishnia and Neal Tepel Santa Fe, NM – Gov. Susana Martinez vetoed two bills that would have raised the state’s minimum wage for the first time since 2009 on Apr. 6, saying they would hurt small businesses. One, originally from the state House, would have increased the minimum from $7.50…

NYC Comptroller Report: Trump  Attacks  Consumer Protections
Finance

NYC Comptroller Report: Trump Attacks Consumer Protections

April 15, 2017  By Stephanie West New York, NY —  New York City Comptroller Scott M. Stringer has issued a report outlining how the efforts of the Trump Administration and Republicans in Congress to undermine the Consumer Financial Protection Bureau (CFPB) will harm consumers across New York City. New Yorkers will be more vulnerable to financial abuse perpetrated by financial institutions. These…

Maine Legislators Plot to Roll Back Minimum-Wage Increases
Finance, National

Maine Legislators Plot to Roll Back Minimum-Wage Increases

April 12, 2017 By Steven Wishnia and Neal Tepel Augusta, ME – Last November, Maine voters approved a ballot initiative that will raise the state’s minimum wage to $12 an hour by 2020—but the state legislature is now considering nine bills that would block much of that increase. The nine include measures that would freeze…

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