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recession

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May Car Sales Return To Pre-Recession Levels

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.

06/04/2014

Mayor Bill de Blasio (Photo by Spencer Platt/Getty Images)

De Blasio: No Improvement In NYC Poverty Rate From 2008 To 2012

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.

04/30/2014

Shoppers get an early start on holiday purchases at a Best Buy in Jersey City. (Credit TV 10/55)

Holiday Sales Draw Bigger Crowds But Spending May Be Down

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.

12/01/2013

Connecticut Gov. Dan Malloy (file / credit: Official White House Photo by David Lienemann)

Conn. Gov. Dan Malloy Pushes Economic Recovery In Second Budget

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.

02/06/2013

IRS Tax Form 1040 (credit: Tim Boyle/Getty Images)

DiNapoli: Heading Over Fiscal Cliff Would Mean $43B In Tax Hikes For NYers

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.

12/06/2012

Mayor Bloomberg at news conference (file/credit: Edward Reed/Mayor's Office)

Federal Census Data Shows Growing Income Gap In New York City

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.

09/20/2012

Treasury Secretary Timothy Geithner testifies to Congress on the AIG bailout (Photo by Ann Heisenfelt/Getty Images)

Opinion: Auto And Bank Bailouts Prove Effective

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.

09/11/2012

Wallet (file / credit: clipart.com)

Poll: More Americans Optimistic On Economy

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.

03/29/2012

Employment (file)

DiNapoli: NY Faces ‘Fragile’ Economic Recovery Following Recession

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.

02/02/2012

Foreclosure - File / Photo: ROBYN BECK/AFP/Getty Images

Eviction Companies Thrive In Sour Economy

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.

01/08/2012

Lakewood Tent City

Court Blocks Lakewood From Tearing Down Tent City

“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.

01/07/2012

New York Stock Exchange - New York, NY - Sep 23, 2011 (credit: AP Photo/Mark Lennihan)

Mayor Bloomberg Weighs In On Wall Street, Says Markets ‘Spooked’

U.S. stocks are mixed Friday after a week of brutal selling pushed them to new yearly lows.

09/23/2011

Occupy Wall Street Protest (credit: CBS 2)

Demonstrators From Across Nation Descend On NYC To ‘Occupy’ Wall Street

“This is just an expression of frustration with the lack of solutions by our government to address the economic crisis,” said protester Elias Holtz.

09/17/2011

New York Mayor Michael Bloomberg (Photo by Spencer Platt/Getty Images)

Mayor Bloomberg Warns Of Rioting If Unemployment Remains High

“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.

09/16/2011

Lakewood Tent City

Sign Of The Tough Times: ‘Tent City’ Pops Up In Ocean County, New Jersey

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.

08/12/2011

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