Commerce

Infrastructure bill action could doom US cryptocurrency industry

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

City & Region

Empire Center recognized for exposing nursing home coverup

In recognition of the importance of government transparency, the Empire Center has been selected as a finalist for the 2021 Bob Williams Award for Most Influential Research for its role in exposing the coverup of thousands of COVID-related deaths among New York’s

City & Region

DA Flynn concerned about pending parole reform legislation

Today, Erie County District Attorney John J. Flynn voiced his concerns about proposed criminal justice reform legislation that would drastically change parole requirements and allow eligible incarcerated individuals to be released early from prisons in New York State. District Attorney

Commerce

Childcare not to blame for employment troubles

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

City & Region

New York’s per-pupil school spending topped $25k in 2018-19

BY E.J. McMAHON New York’s spending on public elementary and secondary education reached $25,139 per pupil during the 2018-19 school year, once again surpassing all states in the latest U.S. Census annual data. The Empire State’s public schools spent 91 percent more than

Education

Voters approve nearly all school budgets within tax cap

BY PETER WARREN School budget votes proposing an average increase in per pupil spending of 4.2 percent were overwhelmingly approved in state-wide voting held yesterday, with all but five of 685 individual budget votes succeeding. New York’s tax cap law did flex

Commerce

New York’s jobs recovery outpaced U.S. in April

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

City & Region

Financial plan reflects a budget loaded with cash

BY E.J. McMAHON Barely a year after Governor Cuomo declared the state was “broke” due to the pandemic, New York’s budget is bursting with cash—fueling enormous spending hikes, as shown in the financial plan update released today by Governor Cuomo’s Division

Commerce

Where were New Yorkers headed in the run-up to the pandemic?

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

Commerce

Fewer, more expensive jobs projected from ‘American Jobs Plan’

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

Commerce

The zero-sum administration’s corporate tax plan

BY PAUL H. KUPIEC Newly-elected administrations try to lay the groundwork for their legacy in the first 100-days in office. During their “honeymoon” period, they introduce landmark legislation and issue executive orders to address existential economic or national security concerns,