Finance

Brooklyn Leads Economic Growth in NYC
Finance

Brooklyn Leads Economic Growth in NYC

May 28, 2014 By Neal Tepel Brooklyn, NY – Brooklyn’s economy is rapidly expanding, adding jobs and businesses at a faster pace than the rest of New York City between 2003 and 2012. This according to an economic snapshot of Brooklyn released by New York State Comptroller Thomas P. DiNapoli. Kings County is now a…

Jobs for New Yorkers’ Initiative
Finance

Jobs for New Yorkers’ Initiative

May 23, 2014 By Stephanie West New York, NY — Mayor Bill de Blasio has announced the 30 members of Jobs for New Yorkers’ that will develop real-time strategies to strengthen the city’s workforce and help workers develop the skills needed to secure good paying jobs in fast-growing careers. The task force will help shift…

NYS Summer Jobs Program Announced
Finance

NYS Summer Jobs Program Announced

May 23, 2014 By Stephanie West Albany, NY – Governor Andrew M. Cuomo has announced that more than 18,000 young people from low-income households will gain valuable work experience, and a much-needed paycheck, through New York State’s Summer Youth Employment Program.

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. 

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