The 27 member European Union (EU) announced a new emissions reduction initiative called “Fit for 55” which aims to cut the output of greenhouse gases 55 percent by 2030, compared with 1990 levels. The plan affects major industries by: Requiring average emissions of new cars to come down by 55% from 2030 and 100% from […]
Consumer Price Index Continues to Rise
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.9 percent in June on a seasonally adjusted basis after rising 0.6 percent in May, the US Bureau of Labor (BLS) Statistics reported. This was the largest 1-month change since June 2008 when the index rose 1.0 percent. Over the last 12 months, the all-items […]
New York State: Hero Act Update
During the spring the New York State Legislature passed the New York Health and Essential Rights Act, or NY HERO Act. The purpose of the bill is to prevent occupational exposure to an airborne infectious disease by: “Require the Departments of Labor and Health (DOH) to implement enforceable minimum standards for workplace safety. The regulations must […]
US Manufacturing Boom
US manufacturing is rapidly expanding with the shift in demand from services to goods brought on by the Covid-19 pandemic. In fact, reports show US manufacturing growing at the fastest pace since1983. Despite a difficult year for US businesses, the surge in manufacturing points to an economy poised for recovery. A gauge of factory activity […]
New York City: The Covid-19 Recovery Budget: Manufacturing and Job Training
“The Recovery Budget is a radical investment in working families. It will drive economic growth in every neighborhood, all while building on strong reserves and investing stimulus funds aggressively to put the pandemic behind us, once and for all”, Mayor Bill de Blasio said of his last and New York City’s first post Covid-19 budget. […]