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Dec 23, 2021

Careful planning can help create an enjoyable retirement

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.

Dec 17, 2021

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 through Child Care Development Block Grants, and could erase $10,000 in costs to families earning […]

May 7, 2021

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 were enacted. At the same time, tenants and landlords often worked on temporary solutions for […]

Nov 2, 2016

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 hints that it might resume raising rates at its next meeting in mid-December — a […]

Sep 7, 2016

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 before noon on Sundays; streamlining the permitting process; allowing wineries to fill growlers and let […]

Aug 26, 2016

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 areas of the state. Since June 2009, total employment in upstate New York rose by […]

Aug 8, 2016

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 2013 launch. But a close look at the database accompanying the report puts the number […]

Jun 15, 2016

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 slumping to minus 9 the previous month. Any reading above zero points to expansion. The […]

Jan 22, 2016

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 this year already, which in turn has dragged down energy company shares in the Standard […]

Nov 13, 2015

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 policymakers an opportunity to assess the effectiveness of the tools and better understand the impact […]

Oct 30, 2015

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 School Business Officials released the findings on Friday. The group projects that more than 30,000 […]

Oct 29, 2015

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 December. A statement the Fed issued Wednesday said it would seek to determine “whether it […]

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