Time to get rid of the LMDC
January 27, 2003. An op ed in the New York Daily News by David Dyssegaard Kallick. Read >>
Anthony Troia2020-11-13T14:56:21-05:00January 27th, 2003|Economic Outlook, Economic Trends & Policy, Letters|
Employees as Regulators
January 23, 2003. Below, an op ed by FPI senior economist Moshe Adler, New York Times. At its first formal meeting, the new federal board overseeing the accounting profession proved George Stigler right. Mr. Stigler, who died in 1991, won a Nobel in economics for showing why regulated industries end up co-opting their regulators. At their meeting earlier this month, board members voted themselves annual salaries of $452,000 each, affirming that they are first and foremost interested in their own well-being. Perhaps we should dismantle [...]
Tax Breaks Won’t Help, Public Investment Will
December 12, 2001. An op ed in the New York Daily News on the rebuilding of Lower Manhattan, by David Dyssegaard Kallick and James Parrott. The newly appointed Lower Manhattan Redevelopment Corp. will meet for the first time next week. When it does, it needs to begin work, in an open process, on a plan to increase the attractiveness of lower Manhattan through public investments, not tax incentives. Before the mayoral election, politicians and establishment leaders of all stripes seemed to believe the key tool [...]
Economists’ Statement on the Minimum Wage
June 8, 2001. The pdf version of this letter, which was sent to state senators, includes the list of signers. We 80+ economists from throughout New York support an increase in the state minimum wage to $6.75 an hour. The Assembly has already passed a bill to this effect, and we urge you to join in this bipartisan effort to make work pay in New York State. Increasing the minimum wage to $6.75 in 2002 and tying further increases to the regional Consumer Price Index [...]
A Giveaway to Landlords
June 8, 2001. An op ed by Moshe Adler and James Parrott, published in the New York Daily News. With commercial rents skyrocketing, Mayor Giuliani and the City Council have decided to step in. Hold on to your wallet. Ostensibly to help commercial tenants, the mayor and the Council have decided to transfer $25 million a year from the pockets of taxpayers to the pockets of landlords. Here is how it will work. The city taxes commercial rents when they exceed $150,000 a year. In [...]
Are Lazio’s proposed tax cuts good for New York?
October 29, 2000. Point-counterpoint opinion from FPI's Frank Mauro and Stephen Kagann, New York State Chief Economist, in the New York Daily News. It's a Boon to the Rich By Frank Mauro, Executive Director, Fiscal Policy Institute Rick Lazio likes to refer to his proposed tax cuts as balanced and fiscally responsible, and says they will "extend economic expansion across New York." In reality, he fails on all three grounds. The Lazio tax cuts are not fiscally responsible. Together with the spending increases he has [...]
Immigration News Coverage Archive 2007-2010
December 15, 2010. Guatemalans find a home, opportunity in area's communities. By Tim Henderson, Journal News. November 19, 2010. The Economic Impact of Long Island’s Immigrant Workers. By Aaron Rutkoff, Metropolis Blog (Wall Street Journal). November 19, 2010. New York Study Refutes Immigrant Worker Perceptions. By Jon E. Dougherty, newsroomamerica.com. November 18, 2010. Study Contradicts Popular Beliefs About LI Immigrants. Reported by Mike Xirinachs, CBS 880. November 18, 2010. Study: Immigrants Driving One-Third of Growth of Long Island Economy. Reported by Mike Clifford, Public News [...]
Immigration News Coverage Archive 2011
July 17, 2011. South Asian population continues growth in Lower Hudson Valley, and culture follows. By Hema Easley, Journal News. June 24, 2011. Immigrant Entrepreneurs Powerful Component of Brooklyn Economy. Brooklyn Eagle. June 22, 2011. Brooklyn tops boroughs in immigrant entrepreneurs. A Brooklyn Chamber of Commerce report said immigrants constitute 50% of all "incorporated employed individuals." By Jermaine Taylor, Crain's New York Business. May 20, 2011. Immigrant Businesses Power Long Island. An op ed by Maryann Sinclair Slutsky of Long Island Wins, Syosset-Jericho Tribune. Also [...]
New York’s Economy, Through Another Lens
June 27, 2000. A letter to the editor of the New York Times, by James Parrott: Re ''Jobs Data for 1999 Paint a Rosier Picture for Upstate New York'' (news article, March 2): It may be a little premature for Gov. George E. Pataki to herald the turnaround of the upstate economy. At least 40 percent of the private job gain last year occurred in industries like retail and social services, where the average wages are 40 percent below the average for all workers in [...]
New York’s Minimum Wage Opportunity
June 24, 2000. The New York State Senate recessed on June 23rd without acting on the proposal to increase the minimum wage to $6.75 per hour on January 1, 2001. This legislation is sponsored by 16 of the 36 members of the Senate's Republican Majority Conference. Whether the Senate reconvenes before or after Election Day, this is an issue that it will not be able to ignore. Tom Michl and Trudi Renwick review the erosion of the purchasing power of the minimum wage over the [...]
State lawmakers should boost minimum wage
June 22, 2000. A letter to the editor by Trudi Renwick and Tom Michl. Published in the Albany Times Union. On Monday the Times Union reported the effort to increase the state minimum wage to $6.75 per hour "apparently died in the Senate.'' The Senate has returned to Albany this week and should make sure this opportunity to give low-income working New Yorkers a much-needed raise doesn't really die. In fact, the purchasing power (in current dollars) of the minimum wage has fallen from approximately [...]
Sponsors and speakers to call for systematic reform of New York’s $2.6 billion Corporate Welfare program
Forum on Corporate Welfare and Corporate Accountability to be held in Troy at 7 pm on Wednesday, May 3, 2000. For more information, contact Mark Dunlea at 518-434-7371 or Frank Mauro at 518-786-3156. The Fair Budget Campaign will be conducting a forum on Corporate Welfare and Accountability on Wednesday, May 3rd at 7:00 PM at the First United Presbyterian Church, 1915 5th Avenue, Troy (2 blocks east of the Uncle Sam Atrium). The event is co-sponsored by Troy Area United Ministries. The forum will feature [...]
Street Addict
The city is less dependent on the stock market than in '87, right? Wrong. Almost 20 percent of the city's income is made on Wall Street -- which could mean catastrophe in a crash. BY DAVID D. KIRKPATRICK When the long-running bull market took a week off in the middle of April, many New Yorkers couldn't help indulging in a little schadenfreude. After all, the Internal Revenue Service reports that 75 percent of the capital gains earned during the recent boom accrued to just the [...]
Boost the Minimum Wage? Yes, to raise living standards
October 27, 1999. An op ed by James A. Parrott, Daily News.