Category Archives: Economy

Data Shows BDS Movement Diminishing Palestinian Economy

Israel_-_Boycott,_divest,_sanctionA push to “boycott, divest and sanction” (BDS) Israeli companies has been harming the very people it is supposed to benefit, the Palestinians.

The BDS movement includes universities, pension funds and leaders of the Christian faith, whose leaders have chosen to ignore these details in spite of Israel.

Read more »

FacebookTwitterEmailGoogle+StumbleUponLinkedInShare

Homeland Security Sec. Warns of Fragile Security Situation

jeh-johnson.siJeh Johnson, secretary of Homeland Security, was featured on NBC’s “Meet the Press” where he expressed just how fragile the U.S. government has become.

He revealed there has been a threat issued on a Michigan mall and the American citizens should be “particularly vigilant” in the warning of growing terrorism on U.S. soil. Read more »

FacebookTwitterEmailGoogle+StumbleUponLinkedInShare

De Blasio Proposal of Zoning Changes Will Alter the Landscape of NYC

nyc_skylineIn the interest of creating afforadable housing, the de Blasio administration plans to make zoning changes that would eliminate parking requirements for some affordable and senior housing, while also permitting the construction of taller buildings.

After it is reviewed by the Department of City Planning, it could go into effect this fall. The rezoning is part of Mayor de Blasio plan to build and preserve 200,000 affordable housing units by 2024. This change could change the city’s landscape, allowing for less boxy buildings.

Read more »

FacebookTwitterEmailGoogle+StumbleUponLinkedInShare

Scott Stringer Has Growing Support But Can’t Seem to Stand Out

Scott StringerScott Stringer’s first year in office showed he was able to speak up and get things done, but he didn’t seem to be a forward thinker. Though he still gains some respect for always being honest.

“His public statements have been measured,” said Kathryn Wylde, president of the Partnership for New York City. “This means a lot to the New York business community, which is used to politicians who will sacrifice truth for a headline.”

Read more »

FacebookTwitterEmailGoogle+StumbleUponLinkedInShare

Foreign Government Donations Threatens Clinton’s Presidential Run

Clinton FoundationRecently the Clinton Foundation has lifted their ban on collecting funds from foreign governments, which has allowed them to gain millions in contributions, raising ethical questions as Hillary Clinton prepares for her future presidential run.

Some of the recent donors include the United Arab Emirates, Saudi Arabia, Oman, Australia, Germany and the Canadian government agency that supports the Keystone XL Pipeline. Read more »

FacebookTwitterEmailGoogle+StumbleUponLinkedInShare

Chetrit Group Asks $150 Million for Penthouse in Former Sony Building

sony-2-articleInlineIn addition to the Chetrit Group’s numerous acquisitions, they officially own the most expensive penthouse in the city. The triplex penthouse breaks records, being the most expensive property listed with New York City at $150 million, according to The Real Deal.

The Chetrit Group owns the penthouse, located on 550 Madison Avenue between 55th and 56th. It takes up floors 33 through 35 of the 37-story building. It is 21,504-square-feet and will contain eight bedrooms, eight bathrooms and 10 powder rooms, according to layout plans.

Read more »

FacebookTwitterEmailGoogle+StumbleUponLinkedInShare

‘Intifooda’ – Muslim Food Vendors Refuse to Share Streets With Kosher Food Carts

traveleat-5-street-food-new-york-L-V8xTJ8Yisroel Mordowitz just wants to sell his mouth watering kosher foods from his Holy Rollers cart in Rockefeller Center, 48th Street off of Sixth Avenue.

However, Mordowitz says he’s being prevented from settling in the heart of Manhattan by the “halal mafia,” according to the NY Post. Read more »

FacebookTwitterEmailGoogle+StumbleUponLinkedInShare

Comptroller: NYC Unemployment Fell to Lowest Rate in Six Years

Scott StringerNew York City’s economy continued its solid growth in 2014, outpacing the nation on many fronts despite a slowdown in the fourth quarter, according to the NYC Quarterly Economic Update released today by New York City Comptroller Scott M. Stringer.

“While our economy lost momentum late in the year, most indicators are trending in the right direction for New York City,” Comptroller Stringer said. “Job growth has been robust, unemployment is down and personal income tax revenues are at the highest level on record. In 2015, we expect to see continued progress in restoring all of the City’s communities to economic health.”

Read more »

FacebookTwitterEmailGoogle+StumbleUponLinkedInShare

Cuomo Announces Record Support For Affordable Housing

Andrew_Cuomo_by_Pat_Arnow_croppedGov. Cuomo today announced New York State supported a record 9,363 affordable housing units in 2014. The Governor also announced $7.3 million in funding for the construction and rehabilitation of 19 affordable homeownership developments that represent more than 500 homes across the state.

These milestones include units produced by the Governor’s $1 billion House NY commitment, which is on track to finance more than 14,300 affordable housing units by 2018.

Read more »

FacebookTwitterEmailGoogle+StumbleUponLinkedInShare

Joan Rivers’ NY Penthouse Goes For $28 Million

appartement-de-Joan-Rivers-à-new-york[1]Joan Rivers’ Manhattan penthouse, located off of Fifth Ave. at 1 E. 62nd Street, is available on the market for $28 million.

Rivers bought the place in 1988 and transformed it in a home Marie Antoinette would have loved to live in. It is a luxurious penthouse that takes up the top three floors of a seven-story building. Read more »

FacebookTwitterEmailGoogle+StumbleUponLinkedInShare

Museum of Jewish Heritage Falls on Hard Times

oThe Museum of Jewish Heritage, an institute tucked away at the tip of lower Manhattan, is facing hard times after years of success.

When Bruce Ratner took over as chairman of the Museum of Jewish Heritage in June, he and museum officials were optimistic. Though eight months later, there seems to be no direction for the museum and visitors are diminishing over time.

Read more »

FacebookTwitterEmailGoogle+StumbleUponLinkedInShare

JP Business: Former Bloomberg Commissioner of Small Businesses, Robert Walsh, Joins CPEX

Robert-WalshCPEX Real Estate announced that Robert W. Walsh, the former Commissioner of the New York City Department of Small Business Services, will join CPEX as a Senior Managing Director of CPEX’s Advisory Services Division.

In this role Walsh will provide Advisory services for CPEX clients and will also contribute to business development and the strategic growth of CPEX.

Read more »

FacebookTwitterEmailGoogle+StumbleUponLinkedInShare

New York Has Highest Rate of Smuggled Cigarettes in the Nation

cigarettes_moneyAs addicted New York cigarette smokers stress about the high taxes on tobacco products, there are many people throughout the city that smuggle in low cost cigarettes from surrounding states.

In fact, New York has the most smuggled cigarettes in the nation, but this makes sense considering New York has the highest cigarette taxes in the country as well. Read more »

FacebookTwitterEmailGoogle+StumbleUponLinkedInShare

Gallup CEO Partially Retracts Statement Referencing Government’s Deceptive Unemployment Rates

14859497Jim Clifton, chairman and CEO of Gallup, a long standing U.S. company, went on CNBC and somewhat retracted his statements from his recent article about the government lying to the citizens about the declining unemployment rates.

He made the frightening statement that he was afraid he would “suddenly disappear” if he did not follow the numbers the U.S. government reported as unemployed Americans.

Read more »

FacebookTwitterEmailGoogle+StumbleUponLinkedInShare

Cuomo Wants To Suspend Driver’s Licences Of Anyone Owing $5K In Overdue Taxes

CuomoGov. Cuomo has decided enough is enough. He is looking to suspense driver’s licenses of anyone owing the state as little as $5,000 in taxes.

Every year U.S. citizens are required to file their income taxes, submitting their finances report to the government. For most it’s an exciting moment because they assume a refund will come their way for all the hard work, but for others it means it’s time to pay back.

Read more »

FacebookTwitterEmailGoogle+StumbleUponLinkedInShare

Greek Prime Minister Emphasizes Anti-Austerity Partners for Economic Crisis

Greece-prime-minister-Ale-008Alan Greenspan, the former chair of the U.S. Federal Reserve, told BBC on Sunday that it is “just matter of time” before Greece leaves the eurozone because of its struggling economy, according to Buzzfeed.

Greenspan has said he’s doubtful of the new anti-austerity government of Prime Minister Alexis Tsipras will be able to renegotiate the terms of its bailout with European creditors because “all the cards are being held by the members of eurozone.”

Read more »

FacebookTwitterEmailGoogle+StumbleUponLinkedInShare

$10 Billion Uncovered in Swiss Banks in Israeli Tax Evasion Investigation

Photo/AP

Photo/AP

In a recent Police investigation concerning staggering sums of money, 28 Israelis have been arrested in connection with their undisclosed accounts with Swiss bank UBS. In a tax evasion story that started small, it is alleged that some 6,500 Israelis have bank accounts totaling over $10 billion in the Geneva branch of the HSBC.

The investigation has also uncovered 55 people registered in the Palestinian Authorities in the West Bank and Gaza with accounts over $148 million. Read more »

FacebookTwitterEmailGoogle+StumbleUponLinkedInShare

Israeli Woman’s Tech Company Named ‘One of the Most Promising Companies for 2015′ By Forbes

chen-levanonOne Israeli woman is making a splash in the technology world. Chen Levanon’s company, ClicksMob, has recently been named by Forbes “one of American’s most promising companies for 2015.”

In the last two years, the companies’ revenues went from $1 million to $10 million and it had its first taste of success within the third month of operation. Their team started out with six employees and has expanded to 40.

Read more »

FacebookTwitterEmailGoogle+StumbleUponLinkedInShare

Twitter Looking to Partner With Google Search

twoogle_x291Twitter had a tough year in 2014, but they hope to raise their popularity with a new partnership with Google. On Thursday Twitter is expected to announce they will be going into business with Google, allowing tweets to be searched on the world’s most popular search engine.

The deal, according to the New York Times, will give Google direct access to the hundreds of millions of tweets that come from Twitter every day, and make it possible for tweets to quickly appear in Google search results.

Read more »

FacebookTwitterEmailGoogle+StumbleUponLinkedInShare

De Blasio’s Affordable Housing Plan Sees Resistance From the Governor and Residents

bill de blasio affordable housingAlthough Mayor De Blasio’s plan to create over 200,000 units of affordable housing in the next decade seems like a good idea, some Brooklynites fear it may force long-time residents out of their homes.

De Blasio announced an ambitious housing plan to preserve and build additional affordable housing in East New York and on the Sunnyside Yard in Queens. However, both have already seen resistance.

Read more »

FacebookTwitterEmailGoogle+StumbleUponLinkedInShare

Cuomo and De Blasio Disagree on Affordable Housing Project for Sunnyside Yard

bsQ_ssyrds_005Even after Gov. Cuomo opposed de Blasio’s idea to build affordable housing over the Sunnyside Yard, the NYC mayor continues to remain optimistic that they will come to a compromise in the near future.

Mayor Bill de Blasio recently announced a proposal to build a Stuyvesant Town-sized development on a railyard in Queens. This construction would resemble the Peter Cooper Village located on the east side of Manhattan. Read more »

FacebookTwitterEmailGoogle+StumbleUponLinkedInShare

Rev. Al Sharpton Busted for $596K In Unpaid Taxes

26609bf2ae870fca7d8283fdce20c026Every for-profit enterprise created by Al Sharpton has been shut down in at least one jurisdiction for failure to pay taxes.

According to tax warrants, Sharpton currently owes the state of New York almost $596,000 for all the businesses he failed to make annual payments on. In addition, after one business would fail he would open up another one to replace it.

Read more »

FacebookTwitterEmailGoogle+StumbleUponLinkedInShare

New York Billionaires Looking To Buy Presidential Candidate of Their Choice

paulsinger2New York billionaires can have anything they want in the city that never sleeps, but what they really desire is to have influence on the 2016 presidential elections.

Some say wealthy donors are looking to buy a president, while others simply say they want to elect a like-minded candidate and the best way to do that is to fund them. Read more »

FacebookTwitterEmailGoogle+StumbleUponLinkedInShare

Staples Buys Office Depot For $6 Billion

staples(AP). Staples is buying Office Depot in a cash-and-stock deal valued at nearly $6 billion.

Office Depot Inc. shareholders will receive $7.25 in cash and 0.2188 of a share in Staples Inc. at closing. The deal values Office Depot at $11 per share. The companies put the transaction’s value at $6.3 billion. Read more »

FacebookTwitterEmailGoogle+StumbleUponLinkedInShare

JP Business: Sitt’s Thor Equities Acquires Rental Property in Central Harlem for $30M

17-WThor Equities is at it again, buying up properties all over New York City. Joseph Sitt’s company is in contract to purchase a five-story rental property in Central Harlem for $30 million from Treetop Development, a New Jersey based company.

The property has 50 residential units and eight retail spaces below. It is a 46,200-square-foot building at 17 West 125th Street. Treetop acquired the property in 2013 for $13.6 million, according to the Real Deal.

Read more »

FacebookTwitterEmailGoogle+StumbleUponLinkedInShare
Facebook Auto Publish Powered By : XYZScripts.com