NEW YORK — New York City taxi driver Richard Horne said the streets of New York are overcrowded with selfish pedestrians and drivers. “New York City is a great place to come to visit, but as far as I’m concerned, it’s a horrible place to work or to live,” Horne said during a recent cab ride. The city is filled with aggressive people and vehicles jockeying for position. Rivera has more to say about the economy, President Barack Obama, and tension in New York City in his video interview with NYC Voices. Read the rest of this entry »
Tags: economy, Manhattan, NYC, Richard Horne, taxi Posted in NYC Voices | No Comments »
NEW YORK — Al Rivera has been hawking goods on the streets of New York City for the past 30 years. He loves meeting people as they check out his hats, belts, socks and other items, which he sells for about five dollars. Rivera, 56, has been living in a hotel for the past 15 years. “It’s the only way to survive,” Rivera said in an interview this month. He’s a resident of the hotel, which is in the city, and feels fortunate to make a living on the streets of Manhattan. Read the rest of this entry »
Tags: Al Rivera, economy, Manhattan, NYC Posted in Entertainment, NYC Voices | No Comments »
How much does your illness cost you and your insurer? According to a recent study by General Electric (GE) and the U.S. Department of Health’s Agency for Healthcare Research and Quality, a 50-year old with diabetes will rack up more than $6,600 in medical bills over the course of a year; someone who has acid reflux will incur $5,500 in annual costs. Read the rest of this entry »
Tags: economy, Healthcare, medicine, tax Posted in Healthcare | No Comments »
The economy is recovering, consumer confidence is rebounding and Obama just snagged the Nobel Peace Prize. Good times. Not so fast, says Nomura Securities International global chief economist Paul Sheard. U.S. and European economies are still quite “vulnerable,” he warns. His big worry is something that few economists these days are talking about: the risk of outright deflation. Deflation, of course, occurs when the inflation rate goes negative, making it harder for central banks to stabilize an economy, because as Sheard explains, it’s harder to start a fire then to tamp one down. Read the rest of this entry »
Tags: deflation, economist, economy, inflation Posted in Business | No Comments »
The Federal Reserve this week again pledged to keep interest rates close to zero, which means borrowing money remains cheap for banks. What, though, does it mean for U.S. stocks and economy? Read the rest of this entry »
Tags: economy, federal reserve, inflation, stocks Posted in Banking, Massucci's Take, Stock Market | No Comments »
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