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.
What recession? A state report finds that Coney Island and Brighton Beach communities are bouncing back quickly from the economic downturn.
When it comes to the real estate market in Westchester and Putnam counties from January 1 to June 30, there were about 16 percent fewer closings than in the first half of 2010.
Bank of America and its Countrywide unit will pay $8.5 billion to settle claims that the lenders sold poor-quality mortgage-backed securities that went sour when the housing market collapsed.
Schneiderman is seeking records from three major Wall Street banks as part of a broad investigation into the mortgage crisis that fueled the recession.
There’s hidden pain in New York’s hard-times budget proposal beyond the public workers who face a pay freeze after steady raises during the recession, or teachers who might have to rely only on automatic 3-percent step increases instead of raises this year, or agencies facing a 10-percent cut in operating funds.
The job market is really tough right now, and it’s expected to stay that way for a long time. In Westchester, though, a workshop was held to give those who lost their job in the recession some hope of reinvention.
On the billions of dollars states borrowed from the federal government to pay unemployment benefits during the recession, $1.3 billion in interest was coming due this Fall.
Mayor Michael Bloomberg says 48.7 million people visited New York last year. That surpasses its 2008 record of 47 million.
Packed malls? Healthy gains in holiday spending? It’s beginning to look at least a little like a pre-recession Christmas.
Finding time to train for the New York City Marathon is tough, but not for the unemployed.
Economists at Rutgers University say losses in public jobs are, in part, slowing the Garden State’s economic comeback.