Lululemon bought Mirror, a device which streams workout videos, in 2020, only to discontinue it three years later as sales flattened in the post pandemic era. ( Source Wikimedia Commons) Lululemon Gets Rid of Struggling Digital App, and also the 119 New York-Based Employees Who Run It As part of a deal that sealed a five-year partnership between sportswear maker Lululemon and exercise equipment producer... News 20 Oct 2023 | 03:06
Credit Suisse is a Swiss investment bank with global reach was taken over by UBS in June. ( Source: Wikimedia Commons) UBS-Controlled Credit Suisse Throws 254 Manhattan Employees Overboard Global investment bank Credit Suisse, now grudgingly under UBS management after falling on hard times, is laying off 254... News 19 Oct 2023 | 07:08
Eric Adams announces a minimum wage hike for delivery workers on June 11th. It would amount to a tiered raise, starting with a hike to $17.96 on July 12th--and $19.96 in April of 2025. Now, major ride-share companies have successfully sued to block the pay boost from taking hold...for now. ( Photo via nyc.gov) DoorDash & GrubHub Get Temp Injunction To Block Wage Hike For Deliveristas Two of the biggest employers of deliveristas–Grub Hub and DoorDash– have gone to court to block a wage hike that was slated... News 10 Jul 2023 | 04:13
Mayor Eric Adams announces a minimum wage hike for delivery workers, purportedly jetting from roughly $7 an hour to $19.96 an hour. Varied critics say that the amount is either too large or deceptively small. ( Photo Credit: Benny Polatseck/Mayoral Photography Office) NYC Deliveristas Granted Big Wage Hike In a buoyant press event on Sunday, June 11th, Eric Adams and Department of Consumer and Worker Protection (DCWP) head Vilda... News 28 Jun 2023 | 11:24
Protestors from grassroots immigrant-led group Make The Road New York protest the final rent hike for stabilized units. At a June 21st meeting, an increase of roughly 3 percent was decided on for one-year leases, with two year leases going up 2.75 percent in the first year and 3.2 percent in year two. ( Photo by Beau Matic ) Rents To Increase By Roughly 3 Percent For Stabilized Units After Final Testy RGB Vote In a final raucous June 21st hearing packed with pro-tenant voices, the Rent Guidelines Board voted that renters in the city’s... News 23 Jun 2023 | 04:48
Workers in the Financial District, April 13, 2023. Photo: Ben Fractenberg/THE CITY Office Vacancy Rate Keeps Rising as NYC Job Growth Slows Higher interest rates are beginning to take a toll on the New York economy: The city averaged monthly job gains of only 12,000... News 24 Apr 2023 | 11:12
Mayor Bill de Blasio at a press briefing on Tuesday, September 7, 2021. Photo: Ed Reed/Mayoral Photography Office. A Patchwork Pandemic Economy The Delta wave of COVID-19 may, just possibly, have crested in New York, but its economic disruption will be with us for... News 11 Sep 2021 | 03:06
Mayor Bill de Blasio tours and deliver remarks to celebrate the opening of a vaccination site in Co-Op City in the Bronx on Saturday, March 6, 2021. Photo: Michael Appleton/Mayoral Photography Office The City’s Long Haul If the varied versions of medical recovery from COVID-19 were used to describe economic recovery, then New York City would... News 07 Mar 2021 | 01:24
Mayor Bill de Blasio tours a pop-up vaccination site at First Corinthian Baptist Church in Harlem on February 27, 2021. Photo: Michael Appleton/Mayoral Photography Office Vaccines, Equity and the Economy Something has been missing from our conversation about equity and ending the pandemic. Or, if it is easier to visualize,... News 27 Feb 2021 | 07:52
A 5-Point Plan to Create NYC’s New Economy Countless stories in recent months, including from the Cassandras at the New York Post this weekend, lament the exodus of... News 18 Feb 2021 | 11:18
Asphalt Green. Photo: Charles Smith Seawright to City: Reopen Indoor Pools As New York State and City continue in the slow-going process of reopening its economies, Assembly Member Rebecca Seawright... News 24 Aug 2020 | 09:06
Council Member Keith Powers (left) and Assembly Member Dan Quart (right) on the East Side on July 29, 2020. (Photo: Assembly Member Dan Quart on Twitter, @AMDanQuart) Powers Pushes to Help Small Businesses As New Yorkers continue to struggle to get by during the pandemic and businesses are barely surviving, one elected official... News 02 Aug 2020 | 02:18
