Good weather and a strong Memorial Day weekend helped car buyers ignore reports of recalls, pushing car and truck sales up more than ten percent in May.
Mayor Bill de Blasio and an advocacy group announced Wednesday that poverty rates have remained unchanged over several years in New York City, despite the recovery since the 2008 recession.
But total spending is expected to fall for the first time ever since the trade group began tracking it in 2006, according to the survey that was released on Sunday. Over the four days, spending fell an estimated 2.9 percent to $57.4 billion.
Gov. Dan Malloy unveiled the second, two-year budget of his administration on Wednesday, promising to move Connecticut closer to recovery from the national recession by continuing investments in education and job development.
New York State Comptroller Thomas DiNapoli says that if the federal government goes over the ‘fiscal cliff,’ it would mean a big hit in the wallet for Empire State residents.
The income gap was most apparent in Manhattan, where the wealthiest 20% of Manhattanites make more than 40 times what the lowest 20% earn, according to the data.
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
According to the poll, 49 percent of U.S. residents say the worst of the country’s economic woes are behind us while 45 percent report there is more bad news ahead.
State Comptroller Thomas DiNapoli also released a report on economic trends, which found an uneven recovery from the recession that’s still hitting many areas hard three years later.
Hardest-hit are ethnic urban neighborhoods, where about twice as many renters are forced to leave as in the general population, according to housing experts.
“The judge denied that motion and agreed with the arguments of the homeless, saying the government has a responsibility to help the poor like these desperate people living in the woods,” attorney Jeffrey Wild he said.
U.S. stocks are mixed Friday after a week of brutal selling pushed them to new yearly lows.
“This is just an expression of frustration with the lack of solutions by our government to address the economic crisis,” said protester Elias Holtz.
“You have a lot of kids graduating college, can’t find jobs, that’s what happened in Cairo. That’s what happened in Madrid. You don’t want those kind of riots here,” Bloomberg said.
Many professionals in our area have been hit hard by the economic crisis. With no money and no jobs, some are finding themselves homeless, living in tents. It could happen to anyone.