President Joe Biden plans to name New York Federal Reserve markets chief Daleep Singh to serve as deputy national security adviser, a move the White House says reflects a commitment to prioritizing… To view the full story, click the title link.
Brooklyn Nets: Could trading Kyrie Irving be the next order of business? Hoops Habit
President-elect Joe Biden’s $1.9 trillion relief plan would provide a major financial rescue for states and cities, eliminating the need for deep budget cuts that would weigh on the recovery and easing the risk in the municipal-bond market. The measure proposes $350 billion of emergency aid to states and local governments, enough to more than cover the immediate budget shortfalls caused by shutdowns to contain the virus. It would also extend $20 billion to public transit agencies like New York’s Metropolitan Transportation Authority, the subway and bus operator whose revenues have been decimated as Americans work…
When New York locked down last March, Kurt Yaeger was among those in the city who had to go on working. A neurosurgery resident, he didn’t feel comfortable climbing into an Uber and filling his lungs… To view the full story, click the title link.
Bird, the Retailer that Helped Establish the Brooklyn Look, Is Closing The Business of Fashion
Faced with mounting criticism over the slow pace of the coronavirus vaccine rollout, Gov. Andrew Cuomo announced Friday that, starting next week, New York would allow a much wider swath of the public to get inoculated, including anyone age 75 or older. The governor warned that, initially, the supply of vaccines available to people other than health care workers and nursing home patients would be very limited.Cuomo said a beefed-up statewide distribution network will include pharmacies, doctors’ networks and county health departments. The 3.2 million New Yorkers newly eligible for the vaccine includes teachers, first responders and public safety workers. “Caution, caution, caution, because the supply is a major problem,” Cuomo said at his regular briefing. “You’ll wind up having 3,000 distribution …
Gov. Andrew Cuomo is pushing for legislation that will ban commercial evictions in New York State through May 1. Last month, the ban on evictions and foreclosures was extended through Jan. 31 from… To view the full story, click the title link.
Three-alarm fire destroys catering business in Brooklyn amNY
With adult recreational use of cannabis now legal in fifteen states (and the District of Columbia), including New York’s neighbor New Jersey as of January 1, 2021, New York has fallen behind. New York should have acted at a time when it would have been a leader in the region in ending cannabis prohibition but, instead, it let politics get in the way. In 2019, a bill was close to passing as part of the budget, but the legislature couldn’t agree on how the tax revenue would be allocated and who would decide. 2020 was going to be the year, but then Covid-19 struck, and marijuana reform was put on the back-burner. 2021 must…
The minimum wage is going up in New York, and a new sick leave law is also coming into effect for 2021. New York is one of 15 states with a paid sick leave law, and workers can use sick leave to… To view the full story, click the title link.
Half of Brooklyn businesses could not pay full rent in November: survey Brooklyn Daily Eagle
The waiting lists for private clubs are getting longer. Palm Beach Day Academy just enrolled another Northeast transplant and is on pace to break fundraising records. And the “season” has begun, with in-person parties, benefits, exotic car shows and concerts. To be sure, Palm Beach isn’t some magical place that escaped coronavirus. Like everywhere else, the number of cases on the Florida island has spiked the past few weeks, and there’s an economic toll: on valet-parking services, restaurants, hotels, …
The Senate passed a one-week stopgap spending bill Friday, giving President Donald Trump just enough time to sign it and avert a government shutdown after current funding runs out at midnight. The… To view the full story, click the title link.
Small Business Saturday In Brooklyn: Here’s Why It Matters Patch.com
While enhanced unemployment benefits kept many households afloat at the beginning of the pandemic, New York’s jobless insurance rules are hurting part-time workers and slowing economic recovery. A new report from the New School Center for New York City Affairs draws that conclusion. The way the state administers unemployment insurance is causing thousands of New Yorkers to receive less money each week than they would in New Jersey or other nearby states, the report warns. The problem, according to New School economist James Parrott, is that weekly unemployment benefits are reduced 25% for every day a claimant works in a week. It does not matter the number of hours they work or how much they earn….
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Brooklyn Business Owner Says He’s Being Kicked Out Of Park Undergoing Renovations CBS New York
The good news is a transit rider who values the infrastructure won the presidential election. The bad news is subway, bus and rail users—and the economy—can’t wait until Inauguration Day for relief (MTA’s fiscal nightmare could infect the region’s economy). The Metropolitan Transportation Authority has warned for months that without federal help, it will be forced to cut service, raise fares, lay off thousands and delay system improvements and modernization projects. That’s bad for riders and our region’s recovery. The agency could stave off the worst cuts through early 2021 with another loan from the Municipal Liquidity Facility. But it’s a long way from…
It’s been a wild two weeks for everyone, but maybe more so for Sen. Chuck Schumer. The Senate minority leader, a tireless advocate for New York and a strident Democratic counterpoint to President… To view the full story, click the title link.
Work From Home Webinar (1099 Sales) Expanding Hemp CBD Business Patch.com
The New York Police Department’s anti-discrimination chief faces a probe and possible ouster amid accusations he is the long-time publisher of racist rants on a pro-law-enforcement social media platform. James Kobel, 50, a deputy inspector and commander of the department’s Office of Equal Employment Opportunity, has been removed from that assignment while internal affairs conducts an investigation, Police Commissioner Dermot Shea said. If Kobel is found to be the individual sending the posts under the name “Clouseau,” he’ll be fired, Shea said. The officer has denied the allegations. Efforts to contact him through his union, the Captains Endowment Association, weren’t immediately successful. “It’s almost incredible that this went on for so long, was so …
Democrat Joe Biden defeated President Donald Trump to become the 46th president of the United States on Saturday, positioning himself to lead a nation gripped by historic pandemic and a confluence of… To view the full story, click the title link.
NYC To Close Businesses In Parts Of Brooklyn And Queens As Virus Takes Hold Again NPRFearing 2nd Wave, City Will Adopt Restrictions in Hard-Hit Areas The New York TimesCuomo Announces Zoned Shutdown of Restaurants in Parts of Brooklyn and Queens Eater NYNonessential Businesses in Hot Spots Must Close, Cuomo Says Spectrum News NY1NYC to Shut Businesses, Schools in Parts of Brooklyn, Queens BloombergView Full Coverage on Google News
As venture capital has helped fuel a boom for the city’s startups in the past five years, companies founded by Black or Latino New Yorkers have received just 5% of investment. A new report from Crunchbase, which tracks venture activity, highlighted the disparate investment in growing companies founded by minorities. The 5% investment figure—representing $4 billion between January 2015 and August of this year—is a fraction of the roughly 53% of New Yorkers who identify as Black or Latino, according to census data. Crunchbase’s analysis is based on data from the 970 Black- and Latino-founded companies that have raised…