A new report by State Comptroller Thomas P. DiNapoli details New York’s financial impact from the 2022 Inflation Reduction Act (IRA), including close to $2 billion in funds for environmental and energy purposes that could help lower costs to consumers during New York’s transition to clean energy. DiNapoli warns there is now significant uncertainty about whether […]
By Greg David, THE CITY On-and-off taxes on imports from China, Mexico and Canada make planning difficult and keep customers cautious about spending, say entrepreneurs. The glass bottles that Annie Bassin uses to bottle her wellness beverage come from China and became 25% more expensive when President Donald Trump imposed a tariff during his first […]
By Esther Claudette Gittens The stock market experienced a sharp decline yesterday, rattling investors and renewing debates about the economic consequences of political leadership. The Dow Jones Industrial Average fell by 3.5%, the S&P 500 by 4.1%, and the Nasdaq by 5.2%, marking one of the most significant single-day drops in recent months. While market […]
By Michael Waldman, BRENNAN CENTER FOR JUSTICE It was a lurid early reminder that the new administration could bring with it a cornucopia of corruption. Today’s quiet campaign deals turn into tomorrow’s scandals. And a recent study shows that donations improved the odds of avoiding tariffs in the last Trump administration. After voters rebelled against […]
By Equity Smart Realty Inc | www.equitysmartrealty.com The American Dream has long been defined by two core aspirations: entrepreneurship and homeownership. Yet, in recent years, the dream of owning a home has become increasingly difficult for many Americans. Whether you’re trying to buy a house or rent an apartment, rising costs and stagnant wages have […]