Vincent Cao, who has worked as a waiter at various Chinese restaurants throughout New York City since 2001, has become expert in the ways that local businesses evade minimum wage laws. Restaurants, says Cao, typically “pay $300 a month in … Continue reading
Of all the strange moments in the wake of the collapse of Andrew Cuomo’s Amazon HQ2 deal, the strangest may have been when the governor used the uproar over giving $3 billion in tax breaks to Jeff Bezos’s tech giant … Continue reading
In all the uproar over the $3 billion that New York city and state plan to give away to win Amazon’s new Queens corporate center, one of the defenses put forward by Governor Andrew Cuomo and Mayor Bill de Blasio … Continue reading
This week’s surprise announcement from Governor Andrew Cuomo was the alarming news that the state budget was missing $2.3 billion in expected tax revenues from December and January — and that Trump’s tax cuts were to blame.
If the defining characteristic of modern-day New York is how damn expensive everything is, then the silver lining should be that the city would be rolling in more dough than it knows what to do with. New York City gets … Continue reading
A parable: A man walks into a bar, and orders a drink. “That’ll be ten dollars,” says the bartender. The man hands over nine one-dollar bills. “Hey buddy,” says the bartender. “You’re a dollar short.” “But if I never came … Continue reading
Four billion dollars, I think we can all agree, is a lot of money. It’s more than the combined annual budgets of Barbados, Bermuda, and Belize. It’s enough to buy a few dozen private Caribbean islands. It’s two Giancarlo Stantons, … Continue reading
For everyone wondering when we would find out how much boodle Andrew Cuomo and Bill de Blasio offered to Amazon in exchange for coming to Long Island City, the answer is now: As part of its official announcement designating New … Continue reading
Monday’s bombshell revelation that Amazon might be ready to split its new second headquarters in two and locate one half in Long Island City, initially reported in the Wall Street Journal but later repeated by the Times, let loose a … Continue reading
When we reported last month on the approximately $4.5 billion that city taxpayers are spending on the “dynamic neighborhood” of Hudson Yards on Manhattan’s West Side, eagle-eyed readers may have noticed that our breakdown of the costs featured a tilde … Continue reading