Tag: economy

Petroleum prices around the world are off the charts thanks to the Russian invasion of Ukraine, and drivers and truckers across New York are feeling the pain passed onto them every time they gas up.

Federal Reserve policymakers on Thursday signaled the conflict in Ukraine will not budge them from their expected course of rate hikes ahead.

Some malls are going from ghost towns to a kind of new downtown.

“Long Island has largely kept pace with the greater New York area in terms of overall job growth during this recovery period,” said Shital Patel, a regional economist with the New York State Department of Labor.

U.S. companies hired the most workers in 10 months in June, raising wages and offering incentives to entice millions of unemployed Americans sitting at home, in a tentative sign that a labor shortage hanging over the economy was starting to ease.

Robert Buonaspina, an activist and teacher in Locust Valley, explains why he believes that a care economy is the way forward for the United States.

A lot of gig workers in the United States should be classified as "employees" who deserve work benefits, President Joe Biden's labor secretary said on April 29, suggesting a shift in policy that is likely to raise costs for companies that depend on contractors such as Uber and Lyft.

President Joe Biden signed his $1.9 trillion stimulus bill into law on Thursday, commemorating the one-year anniversary of a U.S. lockdown over the coronavirus pandemic with a measure designed to bring relief to Americans and boost the economy.

During the pandemic, we have seen how the power of technology allows businesses to continue to operate. But businesses will need to keep leveraging technology to continue adapting and stay competitive.

Financial incentives, once passing the rigors of the “but for” test and cost/benefit analysis, are an effective tool for stimulating local economic development.