Did you know the minimum wage is only $7.25 an hour? Wow, that’s terrible. How can New Yorkers even live off of that? Assembly Republicans in Albany disagree and have vowed to fight a proposal by Democrats to increase it to $8.50, which is still pretty cheap. Read more »
Mayor Bloomberg and the heartless bastards who run New York City’s Department of Homeless Services have another brilliant idea to compliment the already cruel initiative that the City Council is suing them over. Under that proposal, the homeless need to prove they don’t have anywhere else to stay. Read more »
On January 6th, the day before hip hop mogul Jay-Z celebrated the lavish birth of his baby daughter Blue Ivy at a decked out Manhattan hospital that he reportedly donated $100k to, 28 out of 56 Rocawear employees were laid off according to the New York State Department of Labor website for “economic” reasons. Read more »
When a tenant is evicted and not present to collect their belongings, a landlord must incur the cost of hiring licensed pros to pack up those items and by law, hold them in safekeeping for up to 30 days. This is great news for moving and storage companies in New York City, cause it happens a lot. Read more »
According to a new report, the city needs to find a new sugar daddy or face an uncertain future. “Significantly lower Wall Street profits will make balancing New York City’s budget more difficult,” wrote State Comptroller Thomas DiNapoli. Perhaps it’s not good fiscal policy to depend on dysfunctional gamblers to pay the bills?
Last night, New York lawmakers voted to approve a new tax code that no one would have expected a few months ago. It was only back in October, on the one month anniversary of Occupy Wall Street, that Governor Cuomo reiterated his commitment to letting the millionaires’ tax expire and refusing to hike the rate on the 1%. Read more »
Although the 9/11 Memorial opened with much fanfare to coincide with the 10th anniversary of the September 11th attacks the ostentatious museum which was slated for debut in 2012 could face delays, again, over money: $156 million to be exact. Read more »
America’s financiers have been taking advantage of their market position and quietly making it rain all across the city according to the Times. Chinese banks and investors are heavily invested in real estate and companies have staked out commercial space in prominent locations, such as the Empire State Building and 1 World Trade Center. They’re even fixing the bridges. China is essentially our new landlord.
So, the world is ending. Time to buy gold! Or is it?
Instead of mining your grandmother’s mouth so you can afford to buy milk and underwear, if you have the means you should be looking to that other expensive bit of yellow: taxicabs. Last week the city auctioned off three taxi medallions, two of them netting a record $705,000 each. To put that in perspective, that’s like one Casey Anthony trial or one Rick Perry home. Read more »
An ANIMAL reader sent in this image of an ATM receipt they found at a Chase bank in Southampton and although the person who left it isn’t nearly as wealthy as that $100 million hedge funder, a balance of over $300k is still worthy of a mention. Is this some new game the rich are playing to remind us how poor we are?
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