by on May 19, 2018
New York Governor Andrew Cuomo, center, speaks during a news conference with Senate Democratic Conference Leader Andrea Stewart-Cousins, D-Yonkers, left, and Independent Democratic Conference Leader Sen. Jeff Klein, D-Bronx, right, Wednesday, April 4, 2018, in New York Nearly 40 legislative staff members who worked for the Independent Democratic Conference or its members lost their jobs after the breakaway group rejoined the mainline Democratic Conference, according to an analysis of the ...
1.2k+ views 0 likes
by on March 11, 2018
SEN. ELIZABETH WARREN told a gathering of progressive lawmakers Friday that seeing her colleagues vote to advance a Wall Street deregulation bill this week was a “stab in the heart.” This week, 16 Senate Democrats voted for the Economic Growth, Regulatory Relief, and Consumer Protection Act. It’s a cleverly misnamed bill that would peel back regulations on 25 of the 32 largest banks in the country, removing a slew of consumer protections while relaxing stress tests and other reporting requi...
1.1k+ views 0 likes
by on April 4, 2018
This weekend’s spending deal punted on fixing longstanding problems, thanks to the governor cutting a deal with Republicans. Sorry, kids, no campaign finance reform for you this year. In Albany, a budget is not simply a budget. It is a vast matrix, a behemoth stew, the mashup of unfathomable sums of money ($168 billion this year) and specific, often unrelated policies. Horses are not merely traded; they are herded and hidden and sometimes euthanized on a whim. For progressives...
999 views 0 likes
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...
922 views 0 likes
by on April 11, 2018
The City Council wants reduced fares for 800,000 low-income New Yorkers. Roughly 800,000 low-income New Yorkers would save $726 a year if a proposal by the New York City Council and advocates to fund half-priced Metrocards for the poorest New Yorkers is adopted as part of the city’s final budget. On Tuesday, the Council released its budget response to the Mayor Bill de Blasio’s preliminary budget, which he unveiled in February. The Council included $212 million in funding for Fair Fare...
622 views 0 likes
by on February 8, 2018
The solution starts at the top, with Governor Cuomo and MTA leadership. Why was the Second Avenue Subway the most expensive subway project per mile in human history? When he began looking into the MTA over the summer, New York Times reporter Brian Rosenthal didn’t set out to expose waste in the agency’s capital construction practices. Rosenthal and his colleagues simply wanted to understand why subway service was falling to pieces. “Through the process, we heard from a lot of people...
460 views 0 likes
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 ...
414 views 0 likes
by on 3 hours ago
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...
332 views 0 likes
by on February 27, 2018
President Donald Trump and Boeing have struck a deal over the development of two new Air Force One planes at a price tag of $3.9 billion, the White House and Boeing said Tuesday, and the President has asked for the planes to be ready by 2021. Trump met with Boeing executives last Tuesday in the White House to finalize the deal. Two officials said the President asked for the new plane to be done by 2021, the beginning of what would be a second term, which is three years sooner than the ...
327 views 0 likes
by on March 3, 2018
U.S. President Donald Trump’s plan to slap stiff tariffs on imported steel and aluminum has rattled financial markets and stirred fears that some trading partners might retaliate by dumping U.S. Treasuries. Should China, Japan and other nations, which have recycled their trade dollars through their Treasuries holdings, suddenly decide to whittle them down, markets could be in for a rough ride. Such a retaliatory move, in the wake of Trump’s first big protectionist action, comes at a time w...
262 views 0 likes
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...
230 views 0 likes
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...
229 views 0 likes