Finance

Fire Department Treasurer Stole $82,000
Finance

Fire Department Treasurer Stole $82,000

November 19, 2014 By Stephanie West A Crystal Beach Volunteer Fire Department treasurer stole more than $82,000 from the department for personal expenses and shopping sprees, according to an audit by State Comptroller Thomas P. DiNapoli.

Another Banking Scandal: What Else Is New?
Finance

Another Banking Scandal: What Else Is New?

November 19, 2014 By Thomas J. Mackell, Jr., Ed.D. North Bergen, NJ  – So the U.S. and British regulators have announced yet another banking scandal that will precipitate civil penalties of billions of dollars (Likely to reach some $4.5 billion) for several domestic and foreign banks suspected of conspiring to manipulate the heavily interwoven $5.3…

Job Creation in NYC at Fast Pace
Finance

Job Creation in NYC at Fast Pace

November 14, 2014 By Neal Tepel New York, NY – New York City created private-sector jobs at an annual rate of 5.4 percent in the third quarter of 2014. This is the biggest quarterly increase in  24 years according to a report released by New York City Comptroller Scott M. Stringer.

First Trade Union Bank is now Radius Bank
Finance

First Trade Union Bank is now Radius Bank

November 10, 2014 By Stephanie West Boston, Massachusetts – First Trade Union Bank, staffed by UFCW members has now changed its name to Radius Bank.  Radius, one of the few union staffed banks in the country, continues to provide value-added products, leading-edge technology and the highest level of customer service for labor organizations. The new…

Momentum Builds for Minimum Wage in California
Finance

Momentum Builds for Minimum Wage in California

November 7, 2014 By Neal Tepel San Franscico, California – More than 190,000 workers in San Francisco and Oakland are winners as Bay Area voters overwhelming approved raises for workers. The passage of two voter proposition initiatives have given momentum to raise the minimum wage for workers in San Francisco and Oakland.

Minimum-Wage Raises Sweep Nationwide
Finance

Minimum-Wage Raises Sweep Nationwide

November 6, 2014 By Steven Wishnia In an election that saw scores of anti-labor candidates sweep into office, voters also approved every minimum-wage measure on the ballot. Four states and two cities elected to give their lowest-paid workers a raise.

NYS Protects Farmland
Finance

NYS Protects Farmland

October 22, 2014 By Stephanie West Albany, NY – Governor Andrew M. Cuomo has announced $17.6 million to protect more than 6,400 acres of farmland across New York State, which will maintain the land’s use for agricultural purposes and keep the land free from future development. The funds, which are made available through the Farmland…

Tis the Season to be Wary!
Finance

Tis the Season to be Wary!

October 21, 2014 By Salvatore J. Armao, CPA/PFS, CFP, CFE, CGMA According to most fraud experts, incidences of consumer fraud spike an estimated 20 percent during the holiday season – the time between Thanksgiving and New Year’s Day. It’s a time when increased need – or greed – meets increased opportunity to commit fraudulent acts….

Low-Wage Workers and the “New” Industrial Reserve Army of Labor
Finance

Low-Wage Workers and the “New” Industrial Reserve Army of Labor

October 17, 2014 By Oren M. Levin-Waldman The standard minimum wage model that predicts that increases in the minimum wage will result in lower employment rests on the assumption that workers are nothing more than factors of production. As factors of production, they are simply inanimate objects that are easily interchangeable, either with other similar…

Citi Overcharged Consumers Millions
Finance

Citi Overcharged Consumers Millions

October 15, 2014 By Stephanie West New York, NY – Citigroup Global Markets, Inc. (CGMI), a subsidiary of Citigroup, has agreed to reimburse more than 31,000 Citi customers who were charged higher advisory fees than they negotiated. The agreement returns nearly $16 million to about 31,000 Citigroup customers.

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