Commerce

BY ANGELA RACHIDI The American Enterprise Institute commissioned NORC at the University of Chicago to field a survey of 3,518 working-age adults in late July 2020 to learn more about the employment situation of US households and the reach of the social

BY BRETT SWANSON Every couple years, we update our original 2014 blog post that asked the question, “What would an iPhone have cost in 1991?” The purpose is to measure — at least in a rough way — the progress

Progressive activists have been insisting that the presumptive President-elect Joe Biden commits to using the Defense Production Act to ramp up production of solar roofing systems and to publicly guarantee that every home in America will be provided a government

The presumptive President-elect Joe Biden has already fielded phone calls from both former Mayor Mike Bloomberg and Senator Elizabeth Warren. Each politician made themselves available to serve as Treasury Secretary in the administration, though Warren is seen as the more

BY MATT WEIDINGER According to today’s jobs report from the US Department of Labor, the US unemployment rate in October fell to 6.9 percent, down from 7.9 percent in September. As the chart below shows, that progress continues to be

BY JAMES PETHOKOUKIS What would the world look like today if it were nuclear-powered? That is the intriguing “what if” scenario explored by The Economist last summer. From the piece: In 1985 the Bhabha Atomic Research Centre (BARC) in Mumbai

A source inside the administration of Byron W. Brown is telling The Chronicle that — if federal stimulus funding for state and municipal governments isn’t made available before the end of the year — that he intends to market the

BY JAMES PETHOKOUKIS I’m always up for a good story about the now-defunct Soviet Union, and I sure like this one from the new book More: A History of the World Economy from the Iron Age to the Information Age by Philip

BY ANGELA RACHIDI While the academic and political case for paid leave advanced considerably in recent years, questions remain regarding how a national paid leave program would affect low-wage workers. Research shows that many existing paid leave programs in the

BY TOM FITTON China has for years sought to steal U.S. research, and the cost has been staggering. The Trump Administration has now taken action against this wholesale espionage, as our Corruption Chronicles blog reports. The U.S. government has finally issued an official

BY MATT WEIDINGER According to today’s jobs report from the US Department of Labor, the US unemployment rate in September was 7.9 percent, down from 8.4 percent in August. As the following chart shows, that’s significantly better than the projections issued by the Congressional

BY JAMES C. CAPRETTA AND SCOTT GANZ The global campaign to identify effective vaccines against COVID-19 has entered the final stage of testing for regulatory approval—Phase III trials—for several promising candidates. Evaluation will be guided by criteria established by the

BY E.J. McMAHON Further evidence of the massive damage done to New York’s economy by the coronavirus pandemic shutdown has emerged in the latest gross domestic product (GDP) data from the federal Commerce Department’s Bureau of Economic Affairs. Seasonally adjusted

BY KEVIN R. KOSAR For the past several years, there have been murmurings on Capitol Hill about possibly bringing back earmarks. Now it appears possible that the scandal-tainted earmarks of old may never come back. This week, a congressional committee

BY E.J. McMAHON Six months into the novel coronavirus pandemic, New York State’s private-sector employment recovery was the slowest in the 48 contiguous states—and getting slower. The latest monthly jobs report from the state Labor Department and the Bureau of Labor Statistics

Residents of Marine Drive Apartments — Buffalo’s largest public housing complex — prefer that Carl Paladino‘s Ellicott Development was their landlord, rather than the Buffalo Municipal Housing Authority (BMHA), at a rate of more than 2 to 1, privately conducted

BY KEVIN KOSAR Key Points The US Postal Service (USPS) will not run out of money in the foreseeable future. It has more than $13 billion in cash and a new $10 billion borrowing line with the US Treasury. The

Sources tell The Chronicle that Mayor Byron Brown and Common Council President Darius Pridgen are considering a sweeping privatization of the Buffalo Urban Development Corporation (BUDC) and the Buffalo Urban Renewal Agency (BURA) that could raise upwards of $100 million