By: Chris Tobias New York City is grappling with a dual economic challenge: persistent inflation that has driven consumer prices up nearly 22% since 2019, and a job market showing early signs of instability. For working-class New Yorkers, rising costs for essentials like food and transportation are straining household budgets, while the specter of slowing […]
By: Chris Tobias New York City stands at a precarious economic crossroads, contending with stubborn inflation, uneven wage growth, and the first signs of job losses since the pandemic’s recovery period. While national inflation has cooled, the city’s cost of living continues to climb—driven in part by lingering effects of Trump-era tariff policies that disrupted […]
Image: Book cover of “Death by China: Confronting the Dragon” by Peter Navarro and Greg Autry. Used under fair use for illustrative purposes. Source: Wikipedia By: Janet Howard In the tumultuous landscape of 21st-century geopolitics and economics, few relationships are as complex, consequential, and fraught with tension as that between the United States and the […]
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 […]