Finance

Schneiderman Investigates Manhattan Club Timeshare Scam
Finance

Schneiderman Investigates Manhattan Club Timeshare Scam

July 29, 2014 By Stephanie West New York, NY – Attorney General Eric T. Schneiderman has announced that he obtained a court order halting sales of timeshare interests at the Manhattan Club, a luxury hotel in Midtown Manhattan. The order requires that the club’s principals, Ian Bruce Eichner, Leslie H. Eichner, and Stuart P. Eichner,…

Citigroup Fined for Misrepresenting Public
Finance

Citigroup Fined for Misrepresenting Public

July 22, 2014 By Stephanie West Washington DC – Citigroup, has acknowledged it made serious misrepresentations to the public. This included the manner in which Citigroup marketed and sold residential mortgage-backed securities (RMBS). The settlement requires Citi to pay $4.5 billion in hard dollars and provide $2.5 billion in consumer relief. New York State will…

Why the Minimum Wage is Important
Finance

Why the Minimum Wage is Important

July 9, 2014 By Oren M. Levin-Waldman Amidst the debate over whether the minimum wage really helps those at the bottom or whether it causes more unemployment, we often lose sight of why it was needed in the first place. Today the debate over the minimum wage has become a side show between those who…

Finance

Former Corning Clerk Stealing Public Funds

July 8, 2014 By Stephanie West New York State Comptroller Thomas P. DiNapoli has announced the arrest of former city of Corning clerk Stephanie Burlew. She was charged with grand larceny in the third degree, a class D felony, for allegedly misappropriating more than $5,000 in public funds by pocketing parking permit fees; code enforcement…

NYS Free Business Support Services
Finance

NYS Free Business Support Services

July 7, 2014 By Stephanie West Albany, NY –  New York State is partnering with the Department of Labor and more than 100 regional chambers of commerce throughout the state as part of a strategic approach to help businesses access capital incentives, grow their workforce and manage their operations. Combined, the chambers of commerce will…

Changing Demographics in Manhattan’s Office Workforce
Finance

Changing Demographics in Manhattan’s Office Workforce

July 3, 2014 By Stephanie West New York, NY — New York City’s changing population and economy have altered who works in Manhattan’s office buildings, according to a new analysis of workplace demographics, salaries and occupations released by New York City Comptroller Scott M. Stringer.

Save NJ Showboat
Finance

Save NJ Showboat

June 30, 2014 By NJS AFL-CIO President Charles Wowkanech Trenton, NJ – New Jersey State AFL-CIO President Charles Wowkanech said that the state labor movement is determined to do whatever is necessary to save the 2,100 jobs jeopardized by Caesars Entertainment’s announcement to close Atlantic City’s Showboat Casino.

Fear of a Cat-Food Diet: Facing New York’s Retirement Crisis
Finance

Fear of a Cat-Food Diet: Facing New York’s Retirement Crisis

June 25, 2014 By Steven Wishnia New York — New York City and the United States are facing a “slow-motion retirement crisis,” says AFL-CIO national policy director Damon Silvers. With employers cutting pensions and middle-aged people sacked in the Great Recession unable to regain their incomes, the traditional “three-legged stool” of pensions, savings, and Social…

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