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☆ New Chaperones for Labor Day Revelry: N.Y.P.D. Drones Flying Overhead
▼ + stars: | 2023-09-01 | by ( Claire Fahy | More About Claire Fahy | ) www.nytimes.com time to read: +1 min

New York City’s Labor Day revelry will have a new noise this year as the Police Department plans to deploy the remote-controlled, camera-equipped aircraft to monitor large gatherings — even backyard parties — connected to West Indian American Day celebrations in Brooklyn. The plan was announced at a briefing on Thursday in Brooklyn ahead of J’Ouvert and the West Indian American Day Parade, events that honor the region’s diaspora — New York is home to over 600,000 residents of non-Hispanic Caribbean descent. The celebrations commemorate emancipation, but have been the setting of violence in years past, with shootings marring previous events. Both events are set to take place Monday, with J’Ouvert, a predawn carnival procession, kicking off the celebrations at around 6 a.m. in Crown Heights. Efforts to reach the West Indian American Day Carnival Association on Friday morning were unsuccessful.

Organizations: York, Labor, Police Department, West Indian, Association Locations: Brooklyn, J’Ouvert, New York, Crown Heights

At an office in SoHo, rows of desks sit empty, while a shaggy dog — shadowing an owner nostalgic for work-from-home comforts — wanders the conference rooms. On the subway, commuters delight in a once-unimaginable indulgence: bag-spreading across two seats. About a year and a half after Mayor Eric Adams chided workers — “You can’t stay home in your pajamas all day!” — New York’s offices in late August were under 41 percent of their prepandemic occupancy. Just 9 percent of the city’s office workers were going in five days a week at the start of the year, according to the Partnership for New York City, a business group. Remote-work levels crisscrossing the country are more mixed, with just under one-third of America’s workdays now done from home.

Persons: —, “, Eric Adams, America’s workdays Organizations: Orange, Partnership, New Locations: SoHo, New York City, New York

☆ These 2 states offer unemployment benefits to workers on strike
▼ + stars: | 2023-08-09 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

Rep. Greg Casar, D-Texas, speaks during a Vigil and Thirst Strike for Workers' Rights on the House steps of the U.S. Capitol on July 25, 2023. Workers who go on strike generally don't qualify for unemployment benefits. But two states — New York and New Jersey — are the exception to that rule, and other states could soon join them. Critics of the aid say it puts employers at a disadvantage during negotiations and encourages workers to go on strike. Here's what to know about access to unemployment benefits for striking workers.

Persons: Greg Casar, —, Michele Evermore Organizations: Workers, Rights, U.S, Capitol, Cornell ILR School Labor, Finance, Bank of America, The Century Foundation Locations: Texas, — New York, New Jersey, U.S

☆ Opinion: Why are Trump’s donors paying for his legal fees?
▼ + stars: | 2023-07-31 | by ( Dean Obeidallah | ) edition.cnn.com time to read: +7 min

Trump’s political action committee, Save America, has spent more than $40 million on legal fees since the start of 2023, a source familiar with the matter told CNN. The PAC also shelled out $16 million-plus on legal costs the previous year, Federal Election Commission records show. However, Paul Seamus Ryan, a campaign finance expert, recently told The Washington Post he did not see any “legal red flags” with the PAC paying Trump’s fees. It is disgraceful that Trump is using funds from small donors that they believed would fund his campaign for his own personal legal woes. But even Trump knows the more he spends on legal fees, the less he has for his 2024 campaign.

Persons: Dean Obeidallah, CNN — Dean Obeidallah, Donald Trump’s, deliberates, Joe Biden’s, ” Trump, Steven Cheung, Trump, —, Chris Christie —, Trump’s, “, Donald Trump, ” Christie, “ They’re, Paul Seamus Ryan, ” Ryan, Ryan, Jeff Swensen, I’m, ”, Biden, Joe Biden Organizations: CNN, CNN — Dean Obeidallah CNN, Florida —, Save, Federal, Commission, The New York Times, PAC, Trump, Prison, Save America PAC, Times, New, New Jersey Gov, Washington Post, “, Twitter, Facebook, Republicans, Biden, GOP, White House Locations: New York, Florida, Washington , DC, Fulton County , Georgia, New Jersey, Erie , Pennsylvania

☆ Why New York AG Letitia James is probably Trump's biggest worry right now (not Jack Smith, Fani Willis or Alvin Bragg)
▼ + stars: | 2023-07-29 | by ( Laura Italiano | ) www.businessinsider.com time to read: +9 min

In three months, Trump faces a civil fraud trial that could run his Trump Organization out of New York. There's Jack, and Fani, and Alvin, of course, all poised to prosecute the former president criminally. And Donald Trump, Donald Trump, Jr., Ivanka Trump, and Eric Trump would further be banned from ever running a business anywhere in the state. The financial and psychic toll to being a mogul in exile would be great, two Trump biographers told Insider. Smith appears on the brink of winning a new indictment, relating to the 2020 election, as does District Attorney Fani Willis in Atlanta.

Persons: Trump, Donald Trump's, There's Jack, Alvin, there's, —, Letitia James —, James, Donald Trump, Donald Trump , Jr, Ivanka Trump, Eric Trump, crowing, Michael D'Antonio, he's, D'Antonio, Alvin Bragg's, Jack Smith's Mar, Smith, Fani Willis, Chris Christie, David Aaron, Aaron, Perkins Coie, Aileen Cannon, Ira Judelson, Dominique Strauss, Kahn, Arthur Engoron, New York —, Nobody, Gwen Blair, Blair, he'll Organizations: Trump Organization, Service, — New York, Trump, New, Republican, Manhattan, Mar Locations: New York, Manhattan, Wall, Silicon, New Yorker, Florida, Atlanta, New Jersey, Washington, DC, Mar, Delaware, Trump Org's, York, Queens, Emerald City, Miami, Bedminster , New Jersey, New York City

☆ How Goldman Sachs failed at consumer banking
▼ + stars: | 2023-06-26 | by ( Jeff Morganteen | Hugh Son | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Goldman Sachs failed at consumer bankingSaying the name out loud conjures images of Ivy League-educated investment bankers in tailored suits managing money for the wealthiest of the wealthy. Advising the wealthiest of the wealthy. Navigating the corridors of power across the world's financial capitals — New York, London, Singapore. So, why did Goldman Sachs — the 150-year-old investment bank — try to get into checking accounts and credit cards? And, what's more, how did Goldman Sachs' fail at that?

Persons: Goldman Sachs Organizations: Ivy League Locations: New York, London, Singapore

☆ The 7 U.S. cities where a $250,000 salary is worth the least — New York is No. 1
▼ + stars: | 2023-06-19 | by ( Isabel Engel | In Isabel--Engel | ) www.cnbc.com time to read: +3 min

The real purchasing power of a $250,000 salary depends on a city's overall economy, taxes and cost of living. Across the United States, $250,000 is worth as much as $203,664 in Memphis, Tennessee, but as little as $83,000 in New York City. The study compares the after-tax income in 76 of the largest U.S. cities and adjusts the figures for the cost of living. For the privileged few earning $250,000 per year, here are the seven cities where your money has the least purchasing power, as well as how much it's actually worth. In San Francisco, for example, residents are taxed roughly six percentage points more in taxes at $250,000 salaries, as compared with a $100,000 salary, SmartAsset reports.

Persons: Warren Buffett Organizations: SmartAsset, D.C, New York Locations: United States, Memphis , Tennessee, New York City, That's, New York, Honolulu, Francisco, Angeles, Long Beach , California, Washington, Diego, RentHop, California, San Francisco

Here are the meanings of the least-found words that were used in (mostly) recent Times articles. 1. tomtit — any of several small birds:The Audubon Society would file a complaint in defense of tomtit virility. But, such is the state of Massenet’s reputation, I doubt that many sophisticated operagoers would rush to defend him. When I have busy days and am running around, I throw some on an avocado with tamari as a quick snack. — Cheap(ish) Thrills: Gwyneth Paltrow’s Favorite Everyday Things (June 8, 2022)And the list of the week’s easiest words:

Persons: tomtit, Massenet — Minor, moratoria, —, rototill, torii, David, Julia Wolfe’s, “, ”, tallit —, Liverman’s, Crane’s, Chili Crisp, I’ve, Gwyneth Paltrow’s Organizations: Audubon Society, ”, David Geffen Hall Locations: California, Mycenae, Greece, Brandenburg

☆ New York is the worst city to launch your career—see which other places made the list
▼ + stars: | 2023-06-07 | by ( Isabel Engel | In Isabel--Engel | ) www.cnbc.com time to read: +1 min

New York City is undoubtedly a popular destination for recent college graduates as they transition into the professional world. A bustling city home to exciting restaurants and a diverse array of people, NYC offers postgrads an exciting new home. Yet, the city ranks last on the list of best places to start a career in 2023, according to a recent study from WalletHub analyzing the best and worst places for young professionals to launch their careers. New York is not the only city with a saturated job market and an expensive cost of living, though. For recent college graduates and young professionals, here are the top five worst places to start a career in 2023, according to WalletHub.

Persons: Jill Gonzalez, Gonzalez Organizations: CNBC Locations: York City, York, , New York, New York

☆ New York Attorney General Letitia James leads multistate effort defending CFPB to the Supreme Court
▼ + stars: | 2023-05-16 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

WASHINGTON — New York Attorney General Letitia James is leading a multistate effort to urge the Supreme Court to overturn a decision that threatens the existence of the nation's leading consumer protection agency. Attorneys general in 22 other states and the District of Columbia joined New York in an amicus brief filing to the court Tuesday in support of the Consumer Financial Protection Bureau. The brief comes a day after dozens of current and former Democratic lawmakers filed a separate amicus brief defending the agency. The Supreme Court agreed in February to hear arguments after the Biden administration appealed the U.S. 5th Circuit Court of Appeals' decision that the CFPB's funding method is unconstitutional. If the Supreme Court decides not to overturn the 5th Circuit's ruling, it could invalidate "numerous CFPB rules and other regulatory actions" and harm millions of Americans while destabilizing the consumer financial sector, the attorneys general said in a statement.

☆ Fed's John Williams says rates could be increased if inflation doesn't come down
▼ + stars: | 2023-05-09 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

John Williams, Chief Executive Officer of the Federal Reserve Bank of New York, speaks at an event in New York, November 6, 2019. The committee removed a key phrase from the statement that had indicated additional rate hikes would be appropriate. "I do not see in my baseline forecast, any reason to cut interest rates this year," he said, adding that additional rate hikes would be possible if the data doesn't cooperate. The current problems in the banking industry and their impact will factor into Williams' policy outlook, he said. "I will be particularly focused on assessing the evolution of credit conditions and their effects on the outlook for growth, employment and inflation," Williams said.

☆ Seeking a Fresh Start in Connecticut: In a House or a Condo?
▼ + stars: | 2023-04-20 | by ( Lisa Prevost | ) www.nytimes.com time to read: +3 min

Mr. Chiu, an internationally acclaimed pianist, often performed for their guests in the large, round music room. “Now there are a lot of organizations bringing together the arts, so we don’t need to maintain a separate venue,” said Ms. Esposito, 63, a corporate innovations consultant and an artist. Mr. Chiu, 58, also spends about a week every month in Pittsburgh, where he is a professor of piano at Carnegie Mellon University. “We spent a lot of time looking at and bidding on houses that were right on or near the water,” Ms. Esposito said. “We are looking at this long term,” Ms. Esposito said.

☆ DeSantis says Florida won't help extradite Trump even though it's required by US Constitution
▼ + stars: | 2023-03-31 | by ( Kimberly Leonard | Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

DeSantis pledged Florida wouldn't be involved in an extradition to New York, given that Trump lives in Palm Beach. Ron DeSantis of Florida pledged Thursday that state officials would not help extradite former President Donald Trump from Florida to New York in a charged political attack on the prosecutor, following the first-ever indictment of a former president. The Florida extradition statute describes two ways of extraditing people from Florida to another state where they face criminal charges. The governor's only role is making sure the demand meets all the legal requirements before ordering the extradition, legal experts told Insider. He could also delegate and let another member of the Florida executive branch sign off on Hochul's extradition demand.

☆ California to require half of all heavy trucks sales to be electric by 2035
▼ + stars: | 2023-03-31 | by ( Emma Newburger | ) www.cnbc.com time to read: +1 min

The Environmental Protection Agency on Friday said it's granting California the legal authority to require that half of all heavy-duty truck sales in the state be fully electric by 2035, an ambitious standard that will go beyond federal requirements. The Biden administration's approval of California's Advanced Clean Trucks (ACT) Regulation comes after the state last year banned the sale of new gasoline-powered cars starting in the same target year of 2035. The California Air Resources Board had sought waivers from the Clean Air Act to set stricter standards for heavy-duty vehicles such as garbage trucks, delivery vans and tractor-trailers. The approval of the new rule will likely have greater impacts beyond California and pave the way for other states to follow suit. California, which has committed to achieving 100% renewable energy by 2045, has considerable authority over the country's auto industry.

☆ Stocks making the biggest moves midday: First Republic, UBS, Virgin Orbit, Dell and more
▼ + stars: | 2023-03-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Check out the companies making the biggest moves midday:First Republic — Shares tanked nearly 30% after Standard & Poor's cut First Republic's credit rating to B+ from BB+. S&P first lowered the bank's rating to junk status just last week. UBS , Credit Suisse — U.S.-listed shares of Credit Suisse tanked 50.5% after UBS agreed to buy Credit Suisse for 3 billion Swiss francs, or $3.2 billion. UBS shares gained 4.7%. Exelixis — The stock gained 3.9% after the biotech company announced a $550 million share repurchase program to run through the end of 2023.

☆ Kia and Hyundai Thefts Are Soaring — and It's TikTok's Fault
▼ + stars: | 2023-03-16 | by ( Britta Lokting | ) www.businessinsider.com time to read: +12 min

Lebeau-Chorn and Jenkins are just two victims of an unprecedented surge in car thefts that has swept across US cities in the past two years. The situation has become so critical that two major auto-insurance companies, State Farm and Progressive, have stopped insuring vulnerable Kia and Hyundai models. Safety shortcutsThe TikTok video that sparked the challenge — a how-to reportedly created by user @robbierayyy — exposed a security flaw in Kia models from 2011 to 2021 and Hyundai models from 2015 to 2021. All Kia vehicles are subject to and comply fully with rigorous testing rules and regulations outlined in the Federal Motor Vehicle Safety Standards." In Illinois last month, three 13-year-olds were arrested after being seen in a stolen Kia that hit and killed a 71-year-old man.

☆ How's the return to office going? Just look at shares of one of the largest office REITs
▼ + stars: | 2023-03-03 | by ( Scott Schnipper | ) www.cnbc.com time to read: +3 min

Vornado says it owns 20 million square feet of office space plus 2.6 million square feet of street retail space in Manhattan alone, 3.7 million square feet at The Mart in Chicago and a controlling stake in almost 2 million square feet of office in San Francisco. But in the New York metropolitan area last week, the rate fell to 46.7% from 47.8% the week before, Kastle said. In San Francisco, the rate was even lower last week, at 43.9%, while in Chicago it was 49.4%. Maybe that's why Deutsche Bank analyst Derek Johnston ranked office REITs last out of eight REIT industry groups in a monthly review released on Tuesday. In January, subsector year-over-year cap rates climbed the most for office owners, he said, up 80 basis points, or 8/10ths of a percentage point.

☆ These 10 metro areas are the most 'rent burdened' in the U.S. — New York City comes in at No. 1
▼ + stars: | 2023-02-08 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

New York is the most rent-burdened metro area in the U.S., according to a new report from Moody's Analytics. A household with the median income in the Big Apple would need to pay nearly 69% of earnings to rent the averaged-priced apartment there, the research division of the rating agency found. Families who direct 30% or more of their income to housing typically are considered "rent burdened" by the U.S. Department of Housing and Urban Development, and "may have difficulty affording necessities such as food, clothing, transportation and medical care." Rents can be disproportionately higher than incomes when "the location is highly desirable from a lifestyle or future income perspective," Chen and Le wrote in an email. "Both of these are true for a place like New York City."

☆ The New York state pension fund overseer has asked Southwest Airlines to explain how it plans to prevent future operational catastrophes, like the one over the holiday season
▼ + stars: | 2023-01-10 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

The New York State comptroller pressed Southwest Airlines to explain how it plans to avoid another operational meltdown. The carrier canceled more than 16,700 flights between December 21 and 31, amid the holiday travel season. The New York state pension fund is one of the top-100 largest investors in Southwest. A spokesperson for the comptroller's office told WSJ it's waiting for a response from Southwest, but had no immediate plans for action. The New York State Comptroller office and Southwest Airlines did not immediately respond to Insider's requests for comment sent outside regular business hours.

☆ The most—and least—expensive U.S. cities to spend New Year's Eve
▼ + stars: | 2022-12-30 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +2 min

But plenty of Americans instead choose to get dressed up, attend parties or travel in celebration of New Year's Eve. The majority of Americans (70%) plan to spend at least $50 on their New Year's Eve plans, WalletHub found. Still, Irvine, California, beats those cities as the most expensive place to spend New Year's Eve:Irvine, Calif. Miami New York Honolulu New Orleans Seattle Oakland, Calif. San Francisco Washington, D.C. Henderson, Nev. The survey found over 80 million Americans are planning to travel for New Year's Eve, with nearly half expecting to drive. While several of the best-rated cities also find themselves on the most expensive list, the least expensive cities aren't inherently less fun.

☆ New York bans pet stores from selling cats, dogs, rabbits
▼ + stars: | 2022-12-18 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

ALBANY, N.Y. — New York on Thursday became the latest state to ban the sale of cats, dogs and rabbits in pet stores in an attempt to target commercial breeding operations decried by critics as “puppy mills.”The new law, which was signed by Gov. While that law requires pet stores to work with animal shelters or rescue operations, like New York is doing now, it does not regulate sales by private breeders. In 2020, Maryland banned the sale of cats and dogs in pet stores, triggering pushback from shop owners and breeders who challenged the measure in court. We’re not going to survive this,” said Ortiz, who considers the ban unfair to stores that work with responsible breeders. “One pet store near me, they get dogs from all over the Midwest and different large facilities, and you have no idea where they come from and who the breeder is.

☆ New York City seeks a 'bloodthirsty' rat czar: Ad for director of rodent mitigation job to fight serious, gnawing problem is ... actually pretty funny
▼ + stars: | 2022-12-01 | by ( Bethany Biron | ) www.businessinsider.com time to read: +3 min

New York City is hiring a "director of rodent mitigation" for a salary of between $120,000 and $170,000. Rat sightings are up 71% this year from 2020, according to data from the NYC Department of Sanitation. A rat is seen by a trash bin in New York City on October 19, 2022. Lokman Vural Elibol/Anadolu Agency via Getty ImagesWhile New York City has long been synonymous with rats, sightings have skyrocketed. Sanitation Commissioner Jessica Tisch made an anti-rat statement in November that went viral, and became the subject of countless memes, New York City marathon signs — and now a shirt.

One way to ease the blow to your wallet or purse is by using frequent-flyer miles. So we calculated how much a frequent-flyer mile is worth by dividing the number of frequent-flyer miles needed by the ticket price. We found the best time to spend your frequent-flyer miles for Thanksgiving travel was to book during the first week of October, which was about eight weeks out. The best day to flyAs for what's the best day on which to travel to get the most from your miles, there are two answers. If you haven't booked flights yet, you may be too late to find the best value in frequent-flyer miles.

☆ Which to Choose: Medicare or Medicare Advantage?
▼ + stars: | 2022-11-20 | by ( Paula Span | ) www.nytimes.com time to read: +13 min

Which to Choose: Medicare or Medicare Advantage? Medicare Advantage plans, like traditional Medicare, are funded by the federal government, but they are offered though private insurance companies, which receive a set payment for each enrollee. The proportion of eligible Medicare beneficiaries enrolled in Medicare Advantage plans has hit 48 percent. Which is better: Medicare or Medicare Advantage? Credit... Kenny Holston for The New York Times Unlike most Medicare Advantage plans, traditional Medicare does not include drug coverage.

WASHINGTON — New York Rep. Hakeem Jeffries, the fourth-ranking House Democrat, said Friday that he will run to replace House Speaker Nancy Pelosi as the party's leader after Republicans took back control of the chamber in last week’s midterm elections. The ascension of the 52-year-old Jeffries to minority leader would also represent generational change. Clark, 59, announced a bid for Democratic Whip, while Aguilar, 43, is running for Democratic Caucus Chair. Congressional Black Caucus Chair Joyce Beatty, D-Ohio, said Thursday she was confident that the powerful bloc of more than 50 Black lawmakers would line up behind Jeffries. “I’m very comfortable saying I believe that every member of the Congressional Black Caucus would vote for Hakeem Jeffries,” Beatty told reporters Thursday.

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