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☆ New York City congestion pricing on hold: What's next for the city?
▼ + stars: | 2024-06-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew York City congestion pricing on hold: What's next for the city? Kathryn Wylde, Partnership for New York City president and CEO, joins 'Squawk Box' to discuss the fallout from New York Governor Kathy Hochul's decision to indefinitely postpone New York City's congestion pricing plan, how to make up the $1 billion funding gap, what's next for congestion pricing going forward, and more.

Persons: What's, Kathryn Wylde, Kathy Hochul's Organizations: New, Partnership, New York City Locations: New York City, New, York

☆ New York’s governor said congestion pricing would hurt the economy. Businesses disagree
▼ + stars: | 2024-06-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —New York was just a few weeks away from becoming the first American city to adopt congestion pricing, a system designed to alleviate traffic, reduce air pollution and fund public transit. Then, at the last minute, the governor lost her nerve, citing the dubious claim that it would hurt the working class. Many of the businesses that employ the workers Hochul claims to be protecting are disappointed with the decision. The price was supposed to be high enough to discourage drivers, but not so high that businesses would suffer. As the New York Times notes, congestion pricing has been wildly unpopular “in suburban areas of the Hudson Valley and Long Island where Democrats are desperate to make gains” in this election cycle.

Persons: CNN Business ’, Kathy Hochul, she’s, ”, Kathryn Wylde, Hochul’s, Hochul Organizations: CNN Business, New York CNN —, Broadway, Partnership, New, New York, Midtown, Yorkers, New York Times Locations: New York, York, Midtown, New York City, Singapore, London, Stockholm, bodega, Hudson, Long

☆ NYC has an opportunity to 'balance out' transit funding with congestion pricing: Kathryn Wylde
▼ + stars: | 2024-04-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNYC has an opportunity to 'balance out' transit funding with congestion pricing: Kathryn WyldeHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Kathryn Wylde, Brian Sullivan, “ Organizations: CNBC

☆ ADL leader slams corporation's response to terror attacks on Israel
▼ + stars: | 2023-10-11 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Anti-Defamation League CEO Jonathan Greenblatt slammed Corporate America’s response to the terror attacks on Israel as “disappointing at best, disastrous at worst.”“We have arguably the most vibrant commercial sector on the planet. Where were you when your Jewish employees needed you?” Greenblatt said of the CEOs. Greenblatt credited JPMorgan Chase CEO Jamie Dimon, Hewlett Packard Enterprise CEO Antonio Neri and other executives who condemned the terror attacks and pledged solidarity with the people of Israel. “In America, your Jewish employees are dealing with something that is qualitatively and quantitatively different than any time in living memory. “This is not just some far-off conflict – though that would be enough for CEOs to speak out,” Greenblatt said.

Persons: Jonathan Greenblatt, ” Greenblatt, “, George Floyd, Izzat, Greenblatt, Chase, Jamie Dimon, Antonio Neri, ” Dimon, ” Kathryn Wylde, Martin Luther King, Jr, ” Organizations: New, New York CNN, Defamation, CNN, ADL, Israeli Defense Forces, Hamas, Wednesday, Hewlett Packard Enterprise, US Chamber of Commerce, Business, “, World Trade, Partnership, Companies, Accenture, Adidas, Eagle, NASCAR, NBA, New York Locations: New York, Israel, Kfar Aza, Israeli, York, New York City, United States, France, United Kingdom

☆ ‘Grief and anger.’ US business groups stand up for Israel after attack
▼ + stars: | 2023-10-09 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Business leaders across the United States have expressed outrage and solidarity with Israel after the deadly surprise attack by Hamas. “This past weekend’s attack on Israel and its people and the resulting war and bloodshed are a terrible tragedy,” Dimon told all employees on Sunday in a memo obtained by CNN. “We stand with our employees, their families and the people of Israel during this time of great suffering and loss,” Dimon said. JPMorgan has about 230 to 240 employees in Israel and has asked staff there to work from home for the near future, a person familiar with the matter told CNN. “We extend our heartfelt condolences to the people of Israel and stand in solidarity with them as they battle the scourge of terrorism,” the Chamber said.

Persons: JPMorgan Chase, Jamie Dimon, Dimon, ” Dimon, “, ” Kathryn Wylde, ” Wylde Organizations: New, New York CNN — Business, JPMorgan, CNN, Bloomberg News, Partnership, “, World Trade, of Commerce, Israel - America Chamber of Commerce Locations: New York, United States, Israel, New York City, York

☆ Business community speaks out after Target blames crime for store closures
▼ + stars: | 2023-09-28 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Business leaders are expressing alarm after Target became the latest retailer to blame crime for pulling the plug on stores. Target did not comment on this or provide data on theft at the stores. In addition to stores in Seattle, San Francisco, Oakland and Portland, Target is shutting down its East Harlem location in New York City. The Partnership for New York City, a powerful business alliance that includes major employers, is giving NYC officials some credit for fighting crime. Wylde said retail theft puts workers at risk and costs stores when it comes to security and lost inventory.

Persons: Tom Wickman, “, ”, ” Wickman, ” Kathryn Wylde, Wylde, ” Wylde Organizations: New, New York CNN — Business, US Chamber of Commerce, CNN, ” Target, Commerce, Partnership, Wednesday, The Police Department Locations: New York, Philadelphia, Seattle, San Francisco, Oakland, Portland, Target, Harlem, New York City, York City

☆ Congestion Pricing Is Coming. It Doesn’t Have to Be Painful.
▼ + stars: | 2023-09-08 | by ( Ginia Bellafante | More About Ginia Bellafante | ) www.nytimes.com time to read: +3 min

Broadway tickets are incredibly expensive; eating out and parking have always been part of the calculation. “If you’re having a night out with the family for $1,000, I don’t think the congestion toll is going to be the decision maker,’’ she said. Some of the concern around the economic reverberations of congestion pricing stems from the presumption it will cost $23 to come into the designated zone during peak hours. about what the pricing — and exemptions from pricing — will be across constituencies. As Carl Weisbrod, the chairman of the board, put it, sorting this all out was like “a Rubik’s Cube.”

Persons: Tyler Cowan, Patti Smith, Robert Mapplethorpe, ” Kathryn Wylde, ’ ’, Juliette Michaelson, Carl Weisbrod, ” Organizations: Partnership, New, Times, Traffic Locations: Washington, Manhattan, New Jersey, Queens, New York City

☆ We're seeing a much higher level of unprovoked crime: Partnership for NYC's Kathryn Wylde
▼ + stars: | 2023-08-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're seeing a much higher level of unprovoked crime: Partnership for NYC's Kathryn WyldeKathryn Wylde, Partnership for New York City president and CEO, joins 'Squawk Box' to discuss the rising trend of in-store theft, the impact of inventory shrink on profit and margins, steps to tackle the problem, and more.

Persons: NYC's Kathryn Wylde Kathryn Wylde Organizations: Partnership, New York City

☆ 'New Jersey should get over it' over New York City's congestion tax, says Kathryn Wylde
▼ + stars: | 2023-07-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'New Jersey should get over it' over New York City's congestion tax, says Kathryn WyldeKathryn Wylde, Partnership for New York City president and CEO, joins 'Squawk Box' to discuss New York City's congestion tax, commercial real estate, and more.

Persons: Kathryn Wylde Kathryn Wylde Organizations: Partnership, New York City Locations: Jersey, New York

☆ Why Eric Adams Issued His Second-Ever Veto Over Housing Bills
▼ + stars: | 2023-06-23 | by ( Emma G. Fitzsimmons | ) www.nytimes.com time to read: +2 min

Why It Matters: The mayor and the City Council have disagreed about how to address New York’s housing crisis. New York City is facing a housing crisis with soaring rents and record homelessness. Mr. Adams has received criticism from housing advocates for not moving quickly enough to create affordable housing, for supporting rent increases and for clearing homeless encampments. This one is the first by Mr. Adams since January 2022, when he vetoed a bill that would have increased penalties for zoning violations. But the mayor could sue the City Council to stop the laws — a tactic used by former Mayor Michael R. Bloomberg — or the City Council could sue the mayor if he chooses not to implement them.

Persons: Adams, Jonathan Westin, “, Mr, Bill de Blasio, Kathryn Wylde, ”, Michael R, Bloomberg —, Mihir Zaveri Organizations: City, Families Party, City Council, Mr, Partnership, New, Bloomberg Locations: New York City, New York, “

☆ Who is Hafize Gaye Erkan, Turkey's first female central bank chief?
▼ + stars: | 2023-06-09 | by ( Karin Strohecker | ) www.reuters.com time to read: +2 min

LONDON, June 9 (Reuters) - Turkey's new central bank governor Hafize Gaye Erkan faces the tough task of alleviating a bruising cost-of-living crisis while hoping to restore investor confidence at home and abroad after years of unorthodox policymaking. Appointed on Friday, the 43-year old is the first woman at the helm of the country's central bank, taking over from Sahap Kavcioglu, who spearheaded President Tayyip Erdogan's rate-cutting drive against a backdrop of soaring inflation. Her new role makes her one of only around a dozen women currently serving as central bank governors around the world, including the likes of ECB President Christine Lagarde, Russian Central Bank Governor Elvira Nabiullina and Serbia's Jorgovanka Tabakovic. Having spent all of her professional life outside Turkey, Erkan has no formal central banking experience, making her leanings for monetary policy unclear. Kathryn Wylde, president and CEO of Partnership for New York City, a nonprofit organization where Erkan once served as a board director, says Erkan was seen as "tough, smart, and effective."

Persons: Hafize Gaye Erkan, Sahap Kavcioglu, Tayyip Erdogan's, Christine Lagarde, Russian Central Bank Governor Elvira Nabiullina, Erkan, Goldman Sachs, Mark Carney, Mario Draghi, William Dudley, Goldman, Marsh McLennan, Kathryn Wylde, Wylde, Karin Strohecker, Jonathan Spicer, Hugh Lawson Organizations: Russian Central Bank Governor, Bogazici University, Harvard Business School's, Management, Research, Financial Engineering, Princeton University, Bank of Canada, Bank of England, New York Fed, First Republic Bank, Banking, Finance, New, Thomson Locations: Sahap, Istanbul, Turkey, New York City

The central bank's first female governor, Erkan is also its fifth chief in four years, underlining the challenge she may face delivering a lasting policy turnaround after Erdogan has all but stamped out the bank's independence in recent years. Analysts now expect Turkey's central bank to hike interest rates to between 20% and 25% from 8.5% as soon as this month. ORTHODOX FINANCE MINISTERErdogan, a self-proclaimed "enemy" of interest rates, has pressed the central bank to deliver stimulus in recent years and has been quick to replace its governor. The central bank slashed its policy rate to 8.5% from 19% in 2021, leaving real rates deeply negative and the lira largely managed by dozens of regulations covering credit and foreign exchange. But the last central bank governor to raise rates, Naci Agbal, was fired in 2021 after less than five months on the job.

Persons: Tayyip Erdogan, Hafize Gaye Erkan, Goldman Sachs, Erdogan's, Erdogan, Kavcioglu, Selva Demiralp, Mehmet Simsek, Simsek, Erkan, Naci Agbal, Marsh, Kathryn Wylde, Wylde, Ali Kucukgocment, Jonathan Spicer, Daren Butler, Cynthia Osterman, Hugh Lawson Organizations: Lira, First Republic Bank, Official Gazette, Koc University, U.S . Federal Reserve, Princeton University, First, JPMorgan, Analysts, FINANCE, Greystone, Partnership, New, Thomson Locations: ISTANBUL, United States, unorthodoxy, Erkan, U.S, New York City

☆ Erdogan considering Erkan as Turkey cenbank chief, sources say
▼ + stars: | 2023-06-05 | by ( Orhan Coskun | ) www.reuters.com time to read: +4 min

Erkan met with Mehmet Simsek, Turkey's newly-appointed treasury and finance minister, in Ankara on Monday, one of the sources said. The two sources told Reuters she is set to meet Erdogan soon to discuss the possible role. Turkey's policy rate was cut to 8.5% from 19% in 2021, setting off a historic currency crash in late 2021. Erkan would be the country's fifth central bank chief in four years. The central bank has been the linchpin of Erdogan's programme of monetary stimulus and targeted credit to boost economic growth, exports and investments.

Persons: Erdogan, Tayyip Erdogan, Hafize Gaye Erkan, Erkan, Mehmet Simsek, Sahap Kavcioglu, Goldman Sachs, Simsek, Kathryn Wylde, Wylde, Naci Agbal, Marsh, Jonathan Spicer, Daren Butler, Angus MacSwan, Emelia Organizations: Reuters, First Republic Bank, Treasury, Ivy League, Princeton, New, First, JPMorgan, Greystone, Thomson Locations: Turkey, ANKARA, United States, Ankara, New York City, U.S

☆ New York City Mayor Eric Adams: We're trending in the right direction and the city is coming back
▼ + stars: | 2023-03-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew York City Mayor Eric Adams: We're trending in the right direction and the city is coming backNew York City Mayor Eric Adams and Kathryn Wylde, president and CEO of Partnership for New York City, join 'Squawk Box' to discuss New York City's post-pandemic economy, what Adams is hearing from regional bank CEOs and Kathryn's partnership companies.

☆ Here's how a more permanent hybrid work equation will impact NYC
▼ + stars: | 2023-02-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how a more permanent hybrid work equation will impact NYCKathryn Wylde, Partnership for New York City CEO, joins 'Squawk Box' to discuss the economic impact of remote work and whether companies will begin to give up office space.

☆ Some bosses are using the threat of a possible recession this year to give workers an ultimatum: Come back to the office or be fired
▼ + stars: | 2023-01-03 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +4 min

Some companies have been threatening to fire workers who don't return to the office, The Wall Street Journal reported. Bosses are gaining leverage over employees due to recession anxiety. But most people will likely keep their jobs in the event of a recession, experts say. That's because the recession that could hit this year is giving employers a leg to stand on in their pandemic-long fight to get workers back in the office. A survey from Insight Global last summer found that 78% of US workers are worried about losing their jobs during the next recession.

☆ Future of work: Back to the office
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +4 min

[1/2] Empty cubicles are seen as the first phase of FMC Corporation employees return to work in the office in Philadelphia, Pennsylvania, U.S., June 14, 2021. Hybrid arrangements, where workers go into the office part of the week, have gained broad acceptance as a compromise. The evolving workplace is reshaping businesses that serve office workers. The landscape for other businesses that served office workers has changed, too. The coming year could determine who ends up having the upper hand in determining what work looks like in the future.

☆ Some of NY Gov. Kathy Hochul's top donors privately sound alarm over GOP candidate Lee Zeldin surge
▼ + stars: | 2022-11-07 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

Kathy Hochul's top donors are privately panicking about Republican challenger Rep. Lee Zeldin's recent surge in the polls ahead of Tuesday's midterms, according to people familiar with the matter. One Democratic advisor, who counts numerous Hochul donors as clients, said he's having "PTSD" as he sees Zeldin closing in on Hochul in the polls. Bragg has been criticized, often by GOP officials, for the uptick in crime in New York City. Zeldin said at the debate that his first initiative if he becomes governor is to remove Bragg from office. Hochul told Zeldin at the time "you can't throw out someone who is duly elected."

☆ New York City's pay-transparency law is coming. Wall Street's big paydays will stay secret, but other changes could shake up finance.
▼ + stars: | 2022-10-27 | by ( Danielle Walker | ) www.businessinsider.com time to read: +8 min

With so much Wall Street pay linked to bonuses, the law has less bite for financial-services firms. A new salary-transparency law is about to take effect in New York City, the nation's financial capital. Will law firms take advantage of the ambiguities of the law?" "I think banks have unique problems because they have so many administrative employees. 'No way to post bonuses up front'In April, the group and chambers of commerce for the city's five boroughs sent a joint letter to the New York City Council.

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