by on December 15, 2017
Tis the season for giving, and one Bitcoin investor claims to be giving away the majority of their cryptocurrency holdings after experiencing an incredible year. The unnamed donor has set up a fund to hand out $86 million worth of Bitcoin to various charities, and they’ve already started listing the donations and providing receipts. If this whole thing works out, you can just call this mystery person the Bitcoin Bill Gates. So far, The Pineapple Fund claims to have distributed just over $...
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by on January 14, 2018
Bumper-to bumper, horn-honking traffic through Manhattan streets is about as New York as bagels and Broadway. A plan to ease that problem is tapping into another mainstay of city life: high driving tolls. The idea, called “congestion pricing,” involves using electronic tolling technology to charge fees to vehicles entering the most heavily trafficked parts of town during certain hours. Some big cities already do it, including Singapore, Stockholm and London, where it can cost more than...
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by on December 22, 2017
The NHL team says it’s leaving Brooklyn for a new home by Belmont Park, but getting fans there could cost taxpayers big bucks New York governor Andrew Cuomo welcomes the New York Islanders back to New York from New York, where they’ve played since moving from New York. Good news for Islanders fans — a sentiment not often expressed this past decade or three — as the Great Barclays Center Hockey Experiment is over. On Wednesday, Governor Andrew Cuomo, NHL commissioner Gary Bettman, and l...
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by on February 16, 2018
On the campaign trail in 2016, Donald Trump promised to fill his Cabinet with the "best people in the world." As President, Trump has indeed hired a fleet of high-flyers -- though not in the way most voters might have hoped. Over the past year, a series of top administration officials have been caught out, shamed and, in the case of former Health and Human Services Secretary Tom Price, forced to resign over profligate travel spending. The latest revelation of unseemly business emer...
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by on May 22, 2018
State tax breaks for the luggage designer to move less than a mile Away is a direct-to-consumer luggage company Sometimes companies are awarded financial incentives to relocate to New York from another state or overseas. But Monday a retailer was granted $4 million worth of state tax breaks for moving its headquarters from SoHo to … SoHo. The package was granted to Away, a two-year-old luggage designer co-founded by CEO Steph Korey, a former Warby Parker executive. The firm is headq...
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by on December 11, 2017
Under the banner of welfare reform, the administration is eyeing changes to health care, food stamps, housing and veterans programs. President Donald Trump is expected to sign the welfare executive order as soon as January, according to multiple administration officials. The Trump administration and Republicans in Congress are hoping to make the most sweeping changes to federal safety net programs in a generation, using legislation and executive actions to target recipients of food sta...
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by on January 27, 2018
The latest Oxfam look at our global rich and poor offers up a striking goal that deserves the world’s full attention at Davos — and beyond. Oxfam is once again making headlines on inequality. Earlier this week, on the eve of the annual Davos World Economic Forum in Switzerland, the activist global charity released its own annual contribution to the global economic debate: an updated analysis of our planet’s grand divides in income and wealth. As usual, this year’s Oxfam analysis featur...
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by on February 20, 2018
Basic income is one of the hottest topics in Silicon Valley right now. With growing backlash against the tech industry and the specter of automation looming over millions of Americans, more and more tech titans are urging policymakers to consider guaranteeing every citizen a livable income in the form of direct cash welfare. Chris Hughes None of the tech industry's elite has given this more thought than Facebook Co-Founder Chris Hughes, who just published a new book on the topic, Fai...
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by on May 26, 2018
Remember President Trump’s 2019 budget — that big document released in February and then immediately dismissed or ignored? Well, a new analysis released Thursday by the nonpartisan Congressional Budget Office finds that the president’s proposal won’t rein in rising deficits like the White House claims. CBO estimates that, over the 10 years from 2019 to 2028, the Trump budget request would cut the deficit by $2.9 trillion compared to the current baseline. The White House estimated that ...
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by on December 11, 2017
Workers will eventually get 12 weeks off at 67% pay to care for a newborn or a sick relative Not everyone is happy about the new regulation Frank Kerbein's phone has been ringing off the hook. As director of the Center for Human Resources at the Business Council of New York State, he's been hearing from business owners concerned about a sweeping state law that starts Jan. 1. It mandates partially paid leave of up to 12 weeks for workers caring for a new child or helping out when a fami...
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by on February 1, 2018
Mayor Bill de Blasio released an $88.7 billion preliminary budget Thursday, saying the city was “keeping a watchful eye on the risks that are coming our way up I-95, and down the New York State Thruway.” For all of Bill de Blasio’s first term, New York City saw uninterrupted growth in tax revenue and continued economic expansion, enabling him to spend like no other mayor in the city’s history, growing the payroll and work force to a new level. With the Trump administration threatening ...
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by on February 27, 2018
Puerto Rico's governor said Tuesday that the U.S. Treasury Department has cut a $4.7 billion disaster relief loan available to the U.S. territory by more than half, and he demanded help from Congress.  Gov. Ricardo Rossello said federal officials reduced the amount to $2 billion without providing an explanation nearly five months after Congress approved the loan. He warned the move puts Puerto Rico in a "dangerous financial dilemma" and that his administration could be forced to cut some esse...
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