Adolfo Crosses The Danube

Written by John DeSio on March 7, 2007. Posted in Business, Posts

Bronx Borough President Adolfo Carrion is in Germany right now (as pictured here), along with representatives of NYC & Company, touting the tourism benefits of his home borough and the City as a whole. The trip is part of NYC & Company’s continuing effort to bring 50 million new tourists to the City by 2015.
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Insurance Against Terrorism In Danger

Written by Kari Milchman on March 5, 2007. Posted in Business, Posts

A hearing was held this morning at City Hall where Sen. Charles Schumer, Mayor Michael Bloomberg and several real estate developers urged federal lawmakers to make Congress’ Terrorism Risk Insurance Act permanent, or to at least extend it. After 9/11, property owners found it exceedingly difficult to acquire terrorism insurance, so TRIA was created as
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Con Ed’s Got Issues, Again

Written by Kari Milchman on March 5, 2007. Posted in Business, Posts

State Assemblyman Michael Gianaris has accused Consolidated Edison of squandering money on advertising while Queens businesses could barely make ends meet after last summer’s blackout. In a press conference on Sunday, Gianaris claimed that the power company spent more than a half-million dollars promoting itself in the months following the weeklong blackout. But while they
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Jobs Ahoy!

Written by John DeSio on February 27, 2007. Posted in Business, Posts

The New York City Economic Development Corporation has announced the selection of Triangle Equities to develop the three-acre Lighthouse Harbor site, which sits adjacent to the Staten Island Ferry in St. George. The project will continue the revitalization of the St. George community, which strives to be the City’s next great gentrification story. The developer
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Wal-Mart Cradles Small Business In Its Gentle Bosom

Written by John DeSio on February 20, 2007. Posted in Business, Posts

Yesterday, Wal-Mart announced a new program opening new stores and creating within them "Wal-Mart Jobs and Opportunity Zones" in nine cities across the country, ostensibly designed to build up not only the business of Wal-Mart but the local community as well. The program is designed to show just how a Wal-Mart can support those same
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New ‘Wood In The Hood

Written by Kari Milchman on February 14, 2007. Posted in Business, Posts

The merging of New York City and Hollywood continues with the expansion of Brooklyn’s largest film studio—which brought us Spider-Man 3 and Inside Man. To compete with Hollywood, Steiner Studios will almost double its size—expanding to almost 600,000 square feet by renovating a seven-story building in the Brooklyn Navy Yard. The Daily News reports: “Since
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Trump No Like Dump Trucks Near His Tower

Written by Kari Milchman on January 16, 2007. Posted in Business, Posts

The New York Post reports that Donald Trump is none too pleased with the city agency’s plans to build a 150-foot tall garage that will house 106 garbage trucks on a site roughly bounded by Spring Street, Washington Street and West Street, located only a few blocks from where Trump’s latest exploit, the Trump SoHo
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Canada: Wal-Mart’s Awesome!

Written by John DeSio on January 2, 2007. Posted in Business, Posts

Though the company is much reviled by employee rights’ organizations and labor unions across the country and right here in the city, Canadian workers seem to think that working for Wal-Mart is just peachy. Report on Business magazine has just released its rankings of the top 50 employers in Canada and Wal-Mart has made the
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Super Long Weekend for NYSE?

Written by Kari Milchman on December 28, 2006. Posted in Business, Posts

The New York Stock Exchange may close on Jan. 2 to honor President Gerald Ford. President George W. announced that the Tuesday of Ford’s funeral will be a national day of mourning. That means a lot of you lucky folks will have a four-day weekend! But of course you’ll be home, nursing a wicked hangover
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Wall Street Cronies Live It Up, The Rest Of Us Just Live

Written by Kari Milchman on December 27, 2006. Posted in Business, Posts

This year, Wall Street bankers are expected to receive $23.9 billion in bonuses, while more than one-fifth of New Yorkers are below the national poverty line of $10,000 per year, per person. And About one eighth of all New Yorkers have trouble just making ends meet. That might sound like a small fraction, but it
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