The key to a successful retirement consists of two components: does one have enough money to sleep at night; and does one have a reason to get up in the morning.
Read More »Substantial child care subsidies included in Build Back Better Act
Working families will be eligible for significant savings on child care costs should Congress pass the current version of the Build Back Better Act. The bill — already passed by the House of Representatives — will expand federal cost assistance ...
Read More »Unpaid rent a major problem that needs more solutions
As the COVID-19 pandemic grew worse last year and employers were forced to reduce their workforce, impacted workers found it difficult to pay rent. To ensure no one would lose their home during the crisis, federal and state eviction moratoriums ...
Read More »3 takeaways from Fed’s move to leave rates but hint at hike
WASHINGTON — With six days before Americans choose a new president, the Federal Reserve sent a dual message Wednesday: It isn’t yet time to raise interest rates. But it’s getting very close. After its latest policy meeting, the Fed dropped ...
Read More »Cuomo signs changes to alcoholic beverage law
Gov. Andrew Cuomo was in Rochester Wednesday to sign legislation to modernize the state’s Alcoholic Beverage Control Law and help announce a major expansion of Genesee Brewery. The changes to the law include: allowing bars and restaurants to sell alcohol ...
Tagged with: Genesee Brewery Gov. Andrew Cuomo
Read More »Job growth lagging upstate, report finds
A new report by the New York State Comptroller’s Office shows job growth has been lagging in upstate New York since the end of the recession, although the Finger Lakes region and western New York are doing better than other ...
Tagged with: Comptroller Thomas DiNapoli Jobs Upstate
Read More »Gov. Cuomo’s Start-Up jobs figures don’t add up
ALBANY — New York Gov. Andrew Cuomo’s signature economic development program may have created fewer jobs than the state says. The Democratic governor’s administration released a report on Start-UP NY that says the program has generated 408 jobs since its ...
Read More »Manufacturing in New York grew in June
Factory activity in New York expanded in June, rebounding from a May decline as manufacturer orders and shipments rose. The Federal Reserve Bank of New York said Wednesday that its Empire State manufacturing index rose to 6 in June, after ...
Tagged with: New York economy
Read More »What’s going on with the stock market?
NEW YORK — Wall Street is drowning in oil. Stocks are having their worst start to a year in history in part because of a rapid plunge in the price of oil. The price of crude is down 28 percent ...
Read More »Yellen: Research needed on policy tools
WASHINGTON — Federal Reserve Chair Janet Yellen is stressing the need to review the unconventional monetary policies that central banks around the world deployed in response to the 2008 global financial crisis. She said Thursday that the post-crisis period offers ...
Tagged with: Federal Reserve
Read More »Survey: NY Gov. Cuomo’s $15 wage would cost schools millions
ALBANY — A survey of New York school districts has found that Gov. Andrew Cuomo’s proposal to raise the minimum wage to $15 will increase labor costs for public schools by millions of dollars. The New York State Association of ...
Tagged with: minimum wage schools survey
Read More »Fed keeps rate at record low, for now
WASHINGTON — The Federal Reserve is keeping its key short-term interest rate at a record low in the face of threats from a weak global economy and excessively low inflation. But it suggested the possibility of a rate hike in ...
Tagged with: Federal Reserve
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