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.
Despite the recent ups and downs of the stock market that, economists say, could continue through the fall, there are some good news for consumers.
Currently, there are almost 40,000 vacant homes or apartments on the island.
State-wide, New York is poised to lose 112 post offices. New Jersey is set to lose 50; Connecticut will lose 15. Some 3,600 post offices are expected to be shuttered across the country.
- Tornadoes Devastate Moore,... Metro-North Derailment Repairs Bridgeport Metro-North Train... Eye On Manhattan
- World Trade Center Sunrise Construction Barges For New... Prince Harry Plays Polo In... Prince Harry Visits New York...
- Demolition Begins On Jet Star... Prince Harry Visits Jersey... Angelina Jolie Through The... Spire Installed Atop One...
- Garbage Truck Demolishes Home... Another Brick In The... Costume Gala At The Met Jersey Shore Gets Ready For...