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 […]
By: Chris Tobias New York City is contending with stubborn inflation, slowing job growth, and the lingering economic fallout from Trump-era tariffs that disrupted supply chains and pushed prices higher. For residents already grappling with steep housing, food, and transit costs, these pressures threaten to erode both financial stability and economic opportunity. In this challenging […]
By Greg David, THE CITY | Editorial Credit: StratfordProductions/ shutterstock.com Employment in bars and eateries is nearly back to pre-2020 levels, with new establishments playing to a wide range of clienteles. Chef Franklin Becker and partner Stephen Loffredo spent $7 million on the build-out of the two-story seafood eatery Point Seven, located in the MetLife […]
By Greg David, THE CITY | Editorial Credit: Leonard Zhukovsky / shutterstock.com At last week’s rally at Madison Square Garden, Donald Trump yet again pledged to “launch the largest deportation program in American history.” According to him, deporting millions of immigrants, including those who are undocumented and those who are here legally, will free up millions […]
By Esther Claudette Gittens | Editorial credit: Drop of Light / shutterstock.com Trump’s campaign promises, their intended goals, and their potential and actual implications for New York City, a metropolitan hub that embodies challenges and opportunities distinct from the rest of the nation Donald Trump’s presidency and campaign promises were deeply rooted in the ethos […]