economy Tag All blog entries tagged as economy http://www.gothamgazette.com/index.php/the-eye-opener/latest Thu, 20 Mar 2014 09:06:07 +0000 Joomla! 1.5 - Open Source Content Management en-gb Today's Lead: Con Ed Preparing For Hurricane Season http://www.gothamgazette.com/index.php/the-eye-opener/entry/headlines/2013/05/29/todays-lead-con-ed-preparing-for-hurricane-season http://www.gothamgazette.com/index.php/the-eye-opener/entry/headlines/2013/05/29/todays-lead-con-ed-preparing-for-hurricane-season

Yesterday Con Edison revealed some of its first improvements to protect its network of equipment against flooding and storms as hurricane season quickly approaches. The planned upgrades are expected to total $1 billion over the next four years. To pay for it, the utility is asking for a rate hike that will amount to $3 a month per customer. Con Ed has been criticized for being understaffed when the storm hit and for handing out bonuses to executives for their handling of it. The utility is also planning to spend $1.2 billion this year on upgrades to prepare for the summer heat.

NEW IN GOTHAM GAZETTE: A Culture of Sexual Harassment In Albany?

Several lawmakers, longtime Albany political operatives, and former staffers say that there is a “boys' club” atmosphere in the capitol where women are pressured to go along to get along. They blame a failed system of protection for women from unwanted advances and inappropriate behavior from male superiors -- including outdated and sometimes confusing requirements for reporting sexual harassment that fail to provide the kind of safeguards that exist in the corporate world. By David Howard King.

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Unions Say City Owes Billions In Back Pay (Daily News)

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Army Corps Envisioned Hurricane Walls For NYC 50 Years Ago (WNYC)

Female Parks Department Workers Stripped For More Work (Daily News)

Fight For Political Clubs' Mayoral Endorsements Under Way (NY Times)

Weiner's First Mayoral Forum (Wall Street Journal)

Bill de Blasio Is Actually Not OK With Rent Increases (Politicker)

Taxes Down For Sandy-Hit NYC Homes, Businesses (Associated Press)

Anthony Weiner Was Not At This GOP Mayoral Forum (Gotham Gazette)

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mmuller@gothamgazette.com (Mike Muller) The Eye-Opener Wed, 29 May 2013 12:06:39 +0000
Today's Report: Immigrant Banking http://www.gothamgazette.com/index.php/the-eye-opener/entry/todays-report/2013/04/23/todays-report-immigrant-banking- http://www.gothamgazette.com/index.php/the-eye-opener/entry/todays-report/2013/04/23/todays-report-immigrant-banking- More than half of Mexican - and over a third of Ecuadorean - immigrants in NYC do not have a bank account, according to this study by the Department of Consumer Affairs and the Mayor's Office of Immigrant Affairs. But 80 percent of immigrant survey participants who make less than $300 a week report having savings. To address these gaps, the city plans to offer specially designed direct deposit bank accounts and free, one-on-one financial counseling, along with low-cost tax preparation.

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mmuller@gothamgazette.com (Mike Muller) Today's Report Tue, 23 Apr 2013 12:54:56 +0000
Today's Headlines: Bloomberg Wants Retailers To Hide Cigarettes http://www.gothamgazette.com/index.php/the-eye-opener/entry/city/2013/03/19/todays-headlines-bloomberg-wants-retailers-to-hide-cigarettes http://www.gothamgazette.com/index.php/the-eye-opener/entry/city/2013/03/19/todays-headlines-bloomberg-wants-retailers-to-hide-cigarettes

Mayor Bloomberg introduced a bill yesterday that would force retailers to keep cigarettes out of view from customers. It would not affect advertising, which falls under First Amendment protections. Speaker Quinn said she is very open to the idea. A Health Department study found that 80 percent of stores selling cigarettes devote most of their space behind the register to tobacco displays. A British study found that simply noticing tobacco on display raised the odds kids would try smoking by threefold. A second proposed bill would raise penalties for retailers who evade tobacco taxes and create a minimum price of $10.50 per pack. Retailers complain they will lose a lot of business.

Other Stories We're Following

Focus On Three Encounters In Stop-And-Frisk Trial (NY Times)

State Budget To Include $9 Minimum Wage (Associated Press)

Mayoral Candidate Catsimatidis Facing $1.45 Million Sex-Bias Settlement (Daily News)

Traffic Fatalities Increased in 2012, But Officials Point To Larger Picture (NY Times)

Assemblyman Boyland Hit With More Corruption Counts Yesterday (NY Post)

Mayor Hit On Homelessness (Wall Street Journal)

Police Unnerve Many In East Flatbush (Wall Street Journal)

Council Speaker Candidates Trying To Curry Favor? (Crain's)

How The Mayor And Comptroller Fumbled On The Budget (NY World)

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mmuller@gothamgazette.com (Mike Muller) City Tue, 19 Mar 2013 11:28:22 +0000
Today's Headlines: Judge Strikes Down Soda Ban http://www.gothamgazette.com/index.php/the-eye-opener/entry/city/2013/03/12/todays-headlines-judge-strikes-down-soda-ban http://www.gothamgazette.com/index.php/the-eye-opener/entry/city/2013/03/12/todays-headlines-judge-strikes-down-soda-ban

A judge struck down Mayor Bloomberg's sugary drink ban yesterday, calling the limits “arbitrary and capricious” with confusing loopholes and voluminous exemptions. The limits of city authority means some businesses, such as 7-Eleven, would still be able to sell the drinks banned in other stores if it passed. The administration will appeal, and likened the decision to a string of other lower court rulings against the city's initiatives that didn't stand up against appeal. The ruling was a surprise, as the judge had been expected to rule only on a request for a temporary restraining order. The mayoral candidates differed on the ban. For more, read our story on the ruling.

Other Stories We're Following

Riot Breaks Out In Brooklyn After Vigil For Boy Shot By Cops (Daily News)

Housing Officials Say They're On Track To Eliminate Repairs Backlog (Daily News)

Activists Say NYPD Surveillance Harmed Muslims (Associated Press)

Tenants Worried By Plans To Build Near City Projects (NY Times)

City: Planning For Disasters Not Just Government Responsibility (WNYC)

Subways Smash 1940s Rider Record (NY Post)

Sandy Surge Covered A Sixth Of The City (City Limits)

Anticipating The Next Superstorm (Albany Times Union)

Peter Vallone Launches Queens Borough President Campaign (Politicker)

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mmuller@gothamgazette.com (Mike Muller) City Tue, 12 Mar 2013 11:33:09 +0000
Today's Lead: Cuomo's Katrina Comparisons Debatable http://www.gothamgazette.com/index.php/the-eye-opener/entry/city/2012/11/28/todays-lead-cuomos-katrina-comparisons-debatable- http://www.gothamgazette.com/index.php/the-eye-opener/entry/city/2012/11/28/todays-lead-cuomos-katrina-comparisons-debatable- The numbers Gov. Cuomo used to argue that Sandy had more of an impact than Katrina left some room for debate. In 2006, HUD put the number of damaged homes in Louisiana at 515,249, not 215,000, as the governor had implied. That brings the damage close to the final count of 550,000 damaged homes they expect to find in New York. There were also many times more businesses impacted by Katrina than the figure Cuomo used. And of course deaths caused by the Southern storm were staggering compared to the loss of life in the New York area.

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mmuller@gothamgazette.com (Mike Muller) City Wed, 28 Nov 2012 12:33:00 +0000
Headlines: Cuomo Says Sandy Cost More Than Katrina http://www.gothamgazette.com/index.php/the-eye-opener/entry/city/2012/11/27/headlines-cuomo-sandy-cost-more-than-katrina- http://www.gothamgazette.com/index.php/the-eye-opener/entry/city/2012/11/27/headlines-cuomo-sandy-cost-more-than-katrina- Gov. Cuomo said Hurricane Sandy affected more people than Katrina in his plea for nearly $42 billion in federal aid. He noted many more died in Katrina, but that the economic toll of Sandy was higher, reaching almost $33 billion in clean up costs. The aid request from Cuomo grew from his previous plea for $30 billion.The aid would be used to cover damage and restoration, but $9 billion of it would be used to prepare for future storms. Mayor Bloomberg is making his own plea for nearly $10 billion in aid. State health officials are also asking for almost a half-billion dollars in special Medicaid funding for hospitals, nursing homes and clinics affected by the storm.

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mmuller@gothamgazette.com (Mike Muller) City Tue, 27 Nov 2012 13:11:25 +0000
Headlines: MTA Likely to Hike Base Fare http://www.gothamgazette.com/index.php/the-eye-opener/entry/city/2012/10/23/headlines-mta-likely-to-hike-base-fare- http://www.gothamgazette.com/index.php/the-eye-opener/entry/city/2012/10/23/headlines-mta-likely-to-hike-base-fare-

M.T.A. Chairman Joseph Lhaota said yesterday that the base fare ride for subways and buses would likely rise when then agency votes on a fare hike plan in December. The move affects the least amount of riders, since only 15 percent buy MetroCards under $10, which don't receive bonuses. But those are also often the poorest riders. Lhota also said he'd lobby for more money from the state, which contributes less to mass transit than others with large cities.

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mmuller@gothamgazette.com (Mike Muller) City Tue, 23 Oct 2012 12:31:36 +0000
Headlines: MTA Fare Hike Proposals; Rubber Rooms; Earlier Primaries http://www.gothamgazette.com/index.php/the-eye-opener/entry/city/2012/10/16/headlines-mta-fare-hike-proposals-rubber-rooms-earlier-primaries- http://www.gothamgazette.com/index.php/the-eye-opener/entry/city/2012/10/16/headlines-mta-fare-hike-proposals-rubber-rooms-earlier-primaries-

The M.T.A. revealed its four fare hike proposals today. Two would increase the base fare to $2.50 from $2.25 while raising the cost of unlimited MetroCards. The others wouldn't alter the base fare but would increase unlimiteds substantially. Chairman Joseph Lhota said he prefers a hybrid of the proposals. He also ruled out eliminating the bonus for pay-per-ride cards, which makes two of the proposals unlikely to pass. Costs for commuter trains, as well as bridge and tunnel crossings, will also rise. The MTA is looking for another $450 million a year from users. Fares and tolls are expected to rise again in 2015. They vote on the proposals in December.

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mmuller@gothamgazette.com (Mike Muller) City Tue, 16 Oct 2012 12:58:47 +0000
Headlines: City struggles to shelter homeless http://www.gothamgazette.com/index.php/the-eye-opener/entry/city/2012/10/10/headlines-city-struggles-to-shelter-homeless- http://www.gothamgazette.com/index.php/the-eye-opener/entry/city/2012/10/10/headlines-city-struggles-to-shelter-homeless-

To meet the growing need to shelter the homeless, the Bloomberg Administration has been using its power of emergency authority to create shelters as quickly as possible, bypassing the typical community approval process. Unlike in other cities, New York is required by law to provide shelter to every person who seeks it. Ten new homeless shelters in recent months, in places that include the Upper West Side. Every night, 46,000 people seek shelter, the highest number ever recorded. New York City makes up 14 percent of the nation's homeless, with Los Angeles a distant second at 3 percent.

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mmuller@gothamgazette.com (Mike Muller) City Wed, 10 Oct 2012 12:27:20 +0000
Headlines: More fracking delays; Gay marriage election vandals http://www.gothamgazette.com/index.php/the-eye-opener/entry/city/2012/10/01/headlines-more-fracking-delays-gay-marriage-election-vandals http://www.gothamgazette.com/index.php/the-eye-opener/entry/city/2012/10/01/headlines-more-fracking-delays-gay-marriage-election-vandals

The state announced on Friday it would restart the regulatory rule-making process over hydraulic fracturing, pushing back a decision about approval into next year. This comes after the move to study fracking's impact on public health. The industry is worried Gov. Cuomo may not approve the drilling after all.

In the Press...

An ugly message sent on marriage vote (Albany Times Union)

State Senate Democrats to get campaign cash lifeline from teachers union (Daily News)

In Southeast Queens, epicenter of housing bust, holding onto homes still elusive (WNYC)

Medicaid eyed for all ex-cons (NY Post)

Housing Authority seeks millions for 'desperately needed' repairs (Daily News)

Master keys for subway gates blasted as terrorist threat (NY Post)

Meningitis outbreak hits HIV-positive men in New York (ABC News)

Assemblyman Vito Lopez’s ties to a bishop seem frayed (NY Times)

Councilman Charles Barron considering run for public advocate (Politicker)

PATH fares going up on Monday (Associated Press)

Who is vying to replace Bloomberg in 2013? (Associated Press)

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mmuller@gothamgazette.com (Mike Muller) City Mon, 01 Oct 2012 12:26:24 +0000
Today's report: The state property tax cap http://www.gothamgazette.com/index.php/the-eye-opener/entry/city/2012/10/01/todays-report-the-state-property-tax-cap http://www.gothamgazette.com/index.php/the-eye-opener/entry/city/2012/10/01/todays-report-the-state-property-tax-cap The state's new property tax cap succeeded in its first year in holding average property tax growth to 2 percent – 40 percent less than the previous ten-year average, according to this report by Gov. Cuomo's office. Out of 3,077 local governments and school districts proposing a levy in the past year, the study found that 84 percent reported a levy within the capped amount.

Other highlights of the report include:
· 642 of 678 or 95 percent of school districts stayed within the cap.
· 1,944 of 2,399 or 81 percent of local governments that reported a proposed levy stayed within the cap.

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mmuller@gothamgazette.com (Mike Muller) City Mon, 01 Oct 2012 12:24:41 +0000
Today's Report: Construction starts down, but residential projects value up http://www.gothamgazette.com/index.php/the-eye-opener/entry/city/2012/09/24/todays-report-construction-starts-down-but-residential-projects-value-up http://www.gothamgazette.com/index.php/the-eye-opener/entry/city/2012/09/24/todays-report-construction-starts-down-but-residential-projects-value-up

According to the New York Building Congress, $6.6 billion worth of construction projects were started in New York City in the first half of 2012, a 16 percent decline from the first half of 2011. But the value of residential construction starts more than doubled, jumping to $1.9 billion in the first six months of 2012.

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mmuller@gothamgazette.com (Mike Muller) City Mon, 24 Sep 2012 12:26:44 +0000
Headlines: Rise in poverty; New Brooklyn Democrat chair http://www.gothamgazette.com/index.php/the-eye-opener/entry/city/2012/09/20/headlines-rise-in-poverty-new-brooklyn-democrat-chair http://www.gothamgazette.com/index.php/the-eye-opener/entry/city/2012/09/20/headlines-rise-in-poverty-new-brooklyn-democrat-chair

Over a fifth of New Yorkers live in poverty, according to new Census numbers. The city's poverty rate jumped from 20.1 percent in 2010 to 20.9 percent in 2011, which equals 74,000 people. That's the third year in a row the rate increased. The national average is 15.9 percent. The numbers are at odds with job recovery reports. Unemployment has also risen, despite job growth. The poverty rate is at its highest in over 10 years, and the income gap between the rich and poor continues to grow. Meanwhile, a new report finds that low-income smokers statewide spend 25 percentof their income on cigarettes.

In the Press...

Longtime Lopez colleague chosen to lead Brooklyn Democrats

Poor smokers spend 25 percent of income on cigarettes

Verizon, unions reach tentative contract

NYPD response to crime calls slows to 9 minutes

NYPD to videotape all post-arrest questioning to avoid ‘false’ confessions

NY overbilled feds $15 billion for Medicaid over 20 years

Espada bond should be revoked, prosecutors say

Cuomo wants GOP senators Saland, McDonald to win

Occupy organizers: NYPD targeted and arrested leaders before anniversary

Bloomberg’s fortune jumped to estimated $25 billion

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mmuller@gothamgazette.com (Mike Muller) City Thu, 20 Sep 2012 12:37:56 +0000