Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
To Improve, Congress Needs to Look Inward
There are many reasons why Congress finds itself hamstrung in Washington, D.C. and discounted by the people it serves at home. These include long-term trends over which it has little control — the political polarization of the country; the oceans of money that get dumped into the political process; and, the push by successive presidents […]
Labor market reaches almost 50-year unemployment low
The Trump economy continued to roar ahead with 263,000 jobs created in April 2019 — 236,000 of those jobs in the private sector. The unemployment rate dropped 0.2 percent to an almost shocking 50-year low at 3.6 percent. When coupled with the just-announced first-quarter Gross Domestic Product (GDP) estimate of 3.2 percent inflation-adjusted, annualized growth, the
What Would Make Congress Better?
[Recently], I was speaking to a group of students and decided to start with a point-blank question: Is Congress doing a good job? About 100 people were in the room, and not a single one raised his or her hand. So, I asked the question a different way: Is Congress nearly or completely dysfunctional? Most
Lead with Intention to Create Great Companies and Communities
As I shared with the nearly 1,200 attendees at CenterState CEO’s annual meeting on April 24, there is something exciting happening in this community, a rare and remarkable momentum and convergence of economic opportunities. It is coupled with a tangible shift in attitudes, a renewed commitment to collaboration, and perhaps more importantly, a sense of
New York State’s Linked-Deposit Program Benefits Economy
In 1994, the state began the Linked Deposit Program (LDP) to assist and encourage firms, manufacturers, and small businesses to make investments. This program offers reduced-rate financing to makes it less expensive to borrow money. Under this program, qualifying businesses can obtain loans through commercial banks, savings banks, savings and loan associations, farm credit institutions
Let’s work together to ensure I-81 community grid’s success
After years of debate and discussion about proposed changes to I-81, the state Department of Transportation (DOT) announced its support [on April 22] for the community grid option. While we still await a final environmental-impact statement and another round of public hearings, the future of Syracuse is bright. I came out in support of the
State Criminal-Justice Reforms are Flawed and Dangerous
While not directly related to New York State (NYS) fiscal issues, some of the biggest policies included in this year’s state budget were changes to our state’s criminal-justice system. The largest of those changes was the elimination of cash bail for most crimes other than certain qualifying offenses. The elimination of cash bail has been
STAR Changes Create Hassle, Hardship for the Public
New York’s property taxes are the highest in the nation. Tragically, this year’s state budget, instead of trying to provide some tax relief to our already overburdened property owners, makes ill-conceived changes to the one state program that is actually designed to provide property tax relief. That is the STAR (School Tax Relief) Program. The
I became active in politics in the late 1950s, got elected to Congress in 1964, and have remained engaged in one way or another every year since then. So I suppose I should not be surprised that I get asked a lot these days how American politics have changed over the last six decades. A
In assessing America, should we focus on the mud or the stars?
Was America ever great? Former U.S. Attorney General Eric Holder poses the question: “Exactly when did you think America was great?” He competes with New York Gov. Andrew Cuomo, as Cuomo once told us: “We’re not going to make America great again. It was never that great.” Let’s review that question. But first, let’s admit
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.