Finance

NYS Pension Fund Reaches Record High
Finance

NYS Pension Fund Reaches Record High

May 20, 2014 By Stephanie West The New York State Common Retirement Fund is now valued at an estimated $176.2 billion, the highest amount ever. The pension fund has reached an estimated 13.02 percent rate of return. “It was a stellar year for us. The Fund grew in value to a historic high of $176.2…

How to Protect your Organization & Funds from Fraud
Finance

How to Protect your Organization & Funds from Fraud

May 19, 2014 By Michael Fina, Vice President / Institutional Banking, First Trade Union Bank A slow economy like we’ve experienced in recent years can have many repercussions on a business. One negative impact that owners often don’t think about is a possible increase in fraud and embezzlement.

What’s Work Worth? Comparing International Minimum Wages
Finance

What’s Work Worth? Comparing International Minimum Wages

May 12, 2014 By Steven Wishnia Germany, one of the highest-wage countries in the world, has no legally set minimum pay. Neither do Sweden, Finland, Denmark, Austria, and Italy. The reason, German economist Thorsten Schulten said April 29, is that with more than 85% of these countries’ workers covered by collective-bargaining agreements, unions believe they’re…

IAM President Buffenbarger Defends Retiree Pensions
Finance

IAM President Buffenbarger Defends Retiree Pensions

May 12, 2014 By Neal Tepel Washington, DC – The president of the International Association of Machinists and Aerospace Workers (IAM) is calling on members of Congress to reject any legislation that allows pension fund administrators to reduce or eliminate the pension benefits of retired workers.

City Council Proposes $74 Billion Budget
Finance

City Council Proposes $74 Billion Budget

May 8, 2014 By Steven Wishnia Expanding summer youth jobs, reducing outsourcing, hiring 1,000 new police officers, making school lunches free, and helping homeless people obtain housing are among the priorities in the City Council’s preliminary budget for fiscal year 2015, released April 23.

High-Tech is on The Rise in NYC
Finance

High-Tech is on The Rise in NYC

April 30, 2014 By Stephanie West New York, NY – High-tech is one of the fastest growing industries in New York City, growing four times faster than the rate of job growth in the rest of the city’s economy, with annual salaries that are well above the citywide average.

Comptroller Stringer: Crisis in Affordable Housing
Finance

Comptroller Stringer: Crisis in Affordable Housing

April 24, 2014 By Stephanie West New York, NY—Housing in New York City became less affordable since 2000 as the median apartment rent rose by 75 percent while real incomes declined, according to “The Growing Gap: New York City’s Housing Affordability Challenge,” a report issued by New York City Comptroller Scott M. Stringer. 

Minimum Wage Increase in NY
Finance

Minimum Wage Increase in NY

April 21, 2014 By Neal Tepel New YorK, NY – As efforts to increase the minimum wage to $15 an hour continue to move forward in Seattle and San Francisco, a group of New York lawmakers introduced a bill to raise the minimum wage to $15 an hour for many low-wage workers in the state….

High Paid CEOs in the Low Wage Economy
Finance

High Paid CEOs in the Low Wage Economy

April 17, 2014 by Stephanie West Albany, NY – According to the National AFL-CIO’s 2014 Executive PayWatch website, the average CEO of a company based in New York State made $6,734,750 or 138 times more than the $48,897 earned by the average worker in the state. When compared to the earnings of minimum wage workers…

Close Gender Pay Gap by Insourcing More Jobs
Finance

Close Gender Pay Gap by Insourcing More Jobs

April 16, 2014 By Neal Tepel Washington, DC — American Federation of Government Employees National President J. David Cox Sr. has called on President Obama to close the gender pay gap by hiring more federal employees to take on work now performed by contractors. Women in the federal government on average make 11 cents less on…

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