Commerce

The New York State Power Authority is preparing to establish a dedicated fund that will be used to finance the revival of the City of Niagara Falls, and to manage that fund the agency intends to create an in-house investment

Just a few days ago a subpoena served by New York State began blocking transactions on the bank accounts of the Seneca Nation and the Seneca Gaming Corporation due to issues regarding casino revenue payments. The Seneca Nation president, Matthew

March 12, 2022 — M&T Bank CEO Rene Jones is widely rumored to be considering a not-so-hostile acquisition of Rochester’s legendary Eastman Kodak Company, in a plan that would take the firm private in order to insulate it from the

By Stan Veuger and Kyle Pomerleau Over at The Hill, our domestic policy studies colleague Howard Husock recently argued that repealing the $10,000 cap on the federal tax deduction for state and local taxes (SALT) would reduce charitable giving. His claim, as

BY BRENT ORRELL In the context of today’s post-pandemic labor shortage and jobs reshuffling, our economy needs all hands on deck. At the end of August, the number of job openings was 10.4 million. Even if we were able to match all currently unemployed

By James Pethokoukis and Arthur Turrell Fusion energy has been the promise of physicists for decades, but is it finally arriving? As we face a warming climate and increasing energy needs, fusion power may hold the potential to deliver an

By Kyle Pomerleau The Congressional Budget Office (CBO) recently published its monthly budget review for September, now estimating a spike in federal tax receipts for the 2021 fiscal year. According to CBO, individual income tax receipts will climb by $443 billion (27.5

By Jim Harper Last week, the Digital Dollar Project (DDP) highlighted the challenges involved in producing a central bank digital currency (CBDC) that will preserve important values such as privacy. Every CBDC effort we have found gives privacy protection short shrift even

Governor Kathy Hochul wants New York City to more aggressively reclaim its waterfront for public park space — and she thinks that the Bay Ridge neighborhood of Brooklyn is precisely the place to start. Hochul wants to demolish more than

Incoming Governor Kathy Hochul plans to invest heavily in the Metropolitan Transit Authority, including billions to modernize aging track and signal systems, to purchase new trains, to construct new subway and elevated rail lines, and to rebuild the system’s busiest

By Mark Jamison The White House has announced what it calls a historic bipartisan infrastructure deal that would cost about $1.2 trillion. About 27 percent of the money goes to what is generally thought of as infrastructure: roads, bridges, railroads, the electric grid,

By Jim Harper “CONGRESS IS SO BROKEN,” shouted Caitlin Long, founder and CEO at the Avanti Financial Group. Having spent two decades on Wall Street in stints at Solomon Brothers, Credit Suisse, and Morgan Stanley, she now inhabits the world of cryptocurrency. She

BY ANGELA RACHIDI The disappointing April jobs report raised new questions about how government policies, such as enhanced unemployment insurance, have slowed the economic recovery by discouraging people from returning to work. Some have suggested that closed childcare facilities and schools, not employment disincentives, are

BY BILL HAMMOND New York’s hospitals remained near the bottom of two quality report cards issued last week. In an update to Hospital Compare, a consumer guide from the U.S. Centers for Medicare & Medicaid Services, the state’s hospitals received an

BY E.J. McMAHON Today was the (rescheduled) deadline for filing 2020 federal income tax returns, which makes this New York’s third annual SALT-Free Income Tax Day. By midnight tonight, most Empire State residents will have been reminded once again that—despite

BY E.J. McMAHON Private-sector employment in New York increased faster than the nationwide recovery rate in the month of April, according to the state’s latest monthly jobs report. The April count of private-sector employment was estimated at 7.4 million jobs, up

BY E.J. McMAHON Since the late 1960s, New York’s primary export to the rest of the nation has been people, as reflected in federal data tracking population flows within and between states. The Empire State has lost a net 1,585,770 residents to

BY MATT WEIDINGER Fact-checkers have started to notice the shaky jobs claims made by Biden administration officials in touting their $2.2 trillion American Jobs Plan. That includes this whopper from President Biden last week: “Independent analysis shows that if we pass this plan, the