recession

(credit: Michael Nagle/Getty Images/File)

Coney Island, Brighton Beach See Economic Boom

What recession? A state report finds that Coney Island and Brighton Beach communities are bouncing back quickly from the economic downturn.

2011/07/26

Real Estate Closings Down In Westchester And Putnam

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.

2011/07/12

Bank Of America To Pay Out Mortgage Settlement

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.

2011/06/29

Home In Foreclosure (file / credit: Joe Raedle/Getty Images)

New York State Attorney General Eric Schneiderman Probing Banks’ Role In Mortgage Crisis

Schneiderman is seeking records from three major Wall Street banks as part of a broad investigation into the mortgage crisis that fueled the recession.

2011/05/17

Analysis: Parents, Kids Find Budget Pain In NY

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.

2011/02/26

Job seeker James Dickson is seen at a career training center operated by the New York Department of Labor in Harlem - New York, NY - Dec 3, 2010 - Photo: Spencer Platt/Getty Images

Westchester Workshop Gives Unemployed Hope For Future

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.

2011/02/12

Protesters call for extension of unemployment benefits on Varick Street on Nov. 12. (Photo/Ginny Kosola, WCBS 880)

States May Face Worse Budget Problems

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.

2011/01/15

Tourists take Ferry from Battery Park to Statue of Liberty in August 2010/Getty

NYC Sees Record Tourism In 2010

Mayor Michael Bloomberg says 48.7 million people visited New York last year. That surpasses its 2008 record of 47 million.

2011/01/04

Shoppers Crowd The Malls In Christmas Countdown

Packed malls? Healthy gains in holiday spending? It’s beginning to look at least a little like a pre-recession Christmas.

2010/12/19

Runners of the 2005 New York City Marathon pass through Brooklyn, NY - Nov 6, 2005 - Photo: Spencer Platt/Getty Images

Jobless Columbia Grad Finds Time For Marathon Training

Finding time to train for the New York City Marathon is tough, but not for the unemployed.

2010/11/04

Tourists and a pedicab are seen on the boardwalk - Atlantic City, NJ - Aug 17, 2010 - Photo: JIM WATSON/AFP/Getty Images

New Jersey Economic Recovery Inching Along

Economists at Rutgers University say losses in public jobs are, in part, slowing the Garden State’s economic comeback.

2010/11/03

The high cost of food and struggling economy are causing the Food Bank for Westchester struggle to meet the high demand for food for struggling families.

Westchester Food Pantries Struggling To Meet Rising Demand

The cost of food, couple with a tough economy, is driving more people to seek help from local food pantries, not just in the city but even in the affluent suburbs.

2010/10/21