Finance

Contractor Arrested in $87K Theft
Finance

Contractor Arrested in $87K Theft

March 4, 2014 By. Stephanie West State Comptroller Thomas P. DiNapoli and Attorney General Eric Schneiderman have announced the arrest of Department of Health (DOH) contractor George Dunkel for stealing more than $87,000 by padding bills to pay for hotels, education credits and other expenses.

CSEA Says Budget Cuts Crippling Social Services
Finance

CSEA Says Budget Cuts Crippling Social Services

February 26, 2014 By Steven Wishnia Moving convicted sexual predators into group homes in residential areas is just one example of how years of state budget cuts are slashing deep into social services, the state’s leading public-employee union says.  

Fear of Organizing Holds Down Bank Tellers
Finance

Fear of Organizing Holds Down Bank Tellers

February 20, 2014 By Joe Maniscalco New York, NY – Low-wage bank tellers and associated support staffers forced onto public assistance and unable to afford even a box of diapers for their children – are still too frightened to organize for better working conditions, according to a worldwide coalition now seeking to unite the downtrodden U.S. workforce.

Unions, Norma Rae, & the Victory of Ethics!
Finance

Unions, Norma Rae, & the Victory of Ethics!

February 4, 2014 By Steven Weiner As Friends of Labor has described before on this blog, the unrelenting efforts by corporations (backed by some state governments) to decimate collective bargaining agreements and destroy unions have arisen because the successes of the American labor movement have cut into companies’ profits.  

Governor Cuomo’s Executive Budget Proposal Summary
Finance

Governor Cuomo’s Executive Budget Proposal Summary

January 28, 2014 By Assemblymember Patricia A. Fahy Last week Governor Cuomo unveiled his proposed Executive Budget for this fiscal year. The state legislature has until March 31 to pass a budget, and assuming it will be passed on time, it will be the first time since 1973 that the State of New York passed four consecutive…

Extended Unemployment Benefits Expire This Weekend
Finance

Extended Unemployment Benefits Expire This Weekend

December 27, 2013 By Steven Wishnia This weekend, 1.3 million Americans who have been out of work for more than six months will file for their last unemployment checks. The bipartisan federal budget deal worked out earlier this month did not continue the Emergency Unemployment Compensation program, which has provided those benefits since June 2008.

New York City Jobs Report November 2013
Finance

New York City Jobs Report November 2013

December 26, 2013 By Stephanie West New York City's unemployment rate in November 2013 is higher than the state's (7.4%) and the nation's (7.0%). New York City's unemployment rate has been higher than the nation's for 26 months. New York City gained 113,700 private sector jobs since November 2012.

Liu Statement on Tax-Payer-Funded Subsidies
Finance

Liu Statement on Tax-Payer-Funded Subsidies

December 11, 2013 New York, N.Y. – City Comptroller John C. Liu made the following statement in response to questions about his vote against $42 million in tax breaks and other benefits for the planned hotel and retail development at Willets Point: “The EDC’s projected benefits of new jobs and tax benefits from the Willets Point…

Watch Out For The Party Poopers
Finance

Watch Out For The Party Poopers

December 6, 2013 By Salvatore J. Armao, CPA/PFS, CFP, CFE Managing Partner, Armao LLP The Department of Labor recently completed a round of audits of collectively bargained apprenticeship and other training programs and scholarship funds. The DOL focused on these particular plans due to abuses found in some routine audits, causing the department to expand…

No Money for Wage Increases in Mayor Bloomberg’s Budget Plan
Finance

No Money for Wage Increases in Mayor Bloomberg’s Budget Plan

November 22, 2013 By Harry Nespoli “Mayor Bloomberg’s Financial Plan released Thursday November 21, 2013 is being touted as extraordinary since it projects two years of balanced budgets –  FYs 2014 and 2015. The problem is that it sets aside essentially no money for wage increases. It is like a home owner developing a budget…

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