Menu

Finance

NYS Foreclosures Above Pre-Recession Levels

August 26, 2015
By Jerry Cohen, Albany Bureau


New York, NY - New York state continues to have high levels of foreclosure activity with new foreclosure filings remaining significantly higher than pre-recession levels. “The foreclosure crisis is far from resolved, and there are still too many people losing their homes,” DiNapoli said. “In many places the situation has continued to get worse.

Citigroup Overcharged Customers

August 24, 2015
By Jerry Cohen, Albany Bureau


Albany, NY - More than 46,000 Citigroup Global Markets, Inc. (CGMI) customers who were overcharged fees, will be repaid $20.5 million. An Attorney General’s investigation identified the overcharges as part of an ongoing review. CGMI is a subsidiary of Citigroup.

Legislative Chairman Charged With Unemployment Theft

August 18, 2015
By Jerry Cohen, Albany Bureau


Albany NY – Attorney General Eric T. Schneiderman has announced the arraignment of Martin T. Reid, the Chairman of the Rensselaer County Legislature, on charges of Grand Larceny in the Third Degree stemming from Reid’s allegedly improper receipt of unemployment insurance benefits. Reid Allegedly collected unemployment benefits while employed.

Bank Tellers Suffer Chronically Low Wages

August 14, 2015
By Steve Wishnia and Neal Tepel

The nation’s 470,000 bank tellers make so little that they could be nicknamed “the fast-food workers of Wall Street.” According to a survey by the National Employment Law Project released this month, almost three-quarters of them make less than $15 an hour, with a median wage of $12.44 nationally and $13.30 in New York State. Many frontline bank employees “report working unpaid overtime hours in order to meet additional demands,” the survey added.

NYCHA Still Failing its 400,000 Residents

July 29, 2015
By Neal Tepel, LaborPress Editorial

New York, NY - The New York City Housing Authority (NYCHA) is failing its more than 400,000 residents when it comes to repairing apartments and getting vacant units back on the market.

Meet The Man Who Takes The Edge Off Any Audit

July 23, 2015
LaborPress Staff

Steven Biller.

Audit and financial investigation: words guaranteed to strike fear and dread in the hearts of union officials and administrators; especially coming from the United States Department of Labor. But thanks to Steven Biller, the union clients of Pitta & Giblin LLP know that it doesn’t have to be that way. 

Nevada Budget Includes Raises for State Workers

June 10, 2015
BY Kevin Brown
Reprinted: http://www.afscme.org/


AFSCME Local 4041 members were rewarded for their steadfast advocacy with the 3 percent raise over two years. Their last wage increase was offset by retirement and health benefits premiums. The Nevada state Legislature approved Gov. Brian Sandoval’s budget, which includes the first wage increases for state workers since 2007. 

NYC Wages Finally On The Upswing, But More Action Is Needed

April 21, 2015
By James Parrott Deputy Director and Chief Economist for the Fiscal Policy Institute


New York, NY - After years of wage declines, several signs are emerging of wage growth in New York City, according to a new report from the Fiscal Policy Institute. Several government data sets all point to fairly widespread and firmly-established wage growth beginning in 2014. According to the most recent data, average private hourly earnings increased 3.3 percent for the six months to February 2015 versus the same period a year ago. This is twice the annual average 1.6 percent gain from 2009 to 2013.

Say No To Fast Track, And Buy American

April 20, 2015
By UAW President Dennis Williams


Washington DC - The announcement by Ford to invest $2.5 billion in Mexico is disappointing, but not any more disappointing than GM’s decision to invest $5 billion in Mexico or similar investments like FCA Chrysler, Nissan, Mazda, Honda, and now both Toyota and Kia which have announced investments in Mexico.

Frauds Target Organizations of All Types & Sizes; Safeguard Your Union with these Tips

April 2, 2015
By Michael Fina, Radius Bank, Union Relationship Manager

The number of fraud incidents that affect organizations every year continues to rise. Make sure your union is doing everything it can to help mitigate the risk of loss from fraud-related incidents. Here are some important reminders of what your organization can do to protect itself.

City Pension Board Votes Against Charter Backer’s Hedge Fund

March 19, 2015
By LaborPress

The New York City Employees’ Retirement System has rejected a proposal to invest pension-fund money in Gotham Asset Management, a hedge fund owned by charter-school backer Joel Greenblatt. Greenblatt is a cofounder of the Success Academy charter chain run by Eva Moskowitz, who has frequently butted heads with both the United Federation of Teachers and Mayor Bill de Blasio.

Business Leaders Back Cuomo's Minimum Wage Boost

March 18, 2015
By Stephanie West


Albany NY - A significant number of Upstate business leaders have announced their support for Governor Cuomo's "Fight for Fair Pay" campaign to raise the state's minimum wage this year. The 44 business leaders join 41 others from Downstate who now represent broad private sector support – including some of New York's most prominent business leaders and an array of small businesses.

Budget Blueprint for Pennsylvania

March 4, 2015
By Pennsylvania AFL-CIO President Rick Bloomingdale and
Pennsylvania AFL-CIO Secretary-Treasurer Frank Snyder


Harrisburg, Pa.  - "Governor Wolf's budget makes the much needed investments in education, health, and human services that will restore our state as a leader in job creation, prosperity and economic growth for years to come.

Wisconsin Anti-Worker Bill Hurts Families and Economy

March 2, 2015
By SEIU President Mary Kay Henry


Washington, DC - Guest article by SEIU President Mary Kay Henry regarding the Wisconsin legislature's passage of anti-worker "right-to-work" legislation. "This terrible legislation hurts families and it hurts the economy in Wisconsin. Gov. Walker and his out-of-touch allies in the legislature have dealt a blow to working families.

Public Contract Fraud Case on Long Island

February 19, 2015
By Stephanie West


Long Island, NY - Charles Angelillo, 41, of Eastport, has been sentenced in his role of defrauding the state of over $200,000. He submitted false invoices over a two year period for HVAC equipment, supplies, and labor. Angelillo is banned from bidding on public contracts with the state and municipalities for five years.

President Obama’s FY2016 Budget

February 4, 2014
By AFL-CIO President Richard Trumka


Washington, DC-- In the State of the Union, President Obama forcefully advocated for working families and the bold actions we need to create an economy that truly works for all working people. 

Additional information