NJ Transit Labor Standoff Came Down to Retiree Pay
In the end, the tense negotiations between NJ Transit and its workers came down to a final sticking point: whether wage increases should be retroactive for recent retirees. The unions representing more than 4,200 of the commuter railroad’s employees had threatened to shut down the heavily used link to New York City if their demands weren’t...>> view originalFed's Plans to Raise Interest Rates Are Delayed, Not Derailed
Photo The Federal Reserve chairwoman Janet L. Yellen at a hearing in February. Credit Michael Reynolds/European Pressphoto Agency WASHINGTON — Federal Reserve officials will gather in Washington on Tuesday and Wednesday to debate whether a bumpy start to the year is now in the rearview mirror, clearing the way for higher interest rates. The Fed is not likely to raise rates this week, but the steady growth of the domestic economy — despite the wobbles of financial mar..>> view originalDoor closing on Social Security strategy for boomers
Gail MarksJarvis, Chicago Tribune 5:10 p.m. EDT March 13, 2016target retirement fund Your Money 3-11-16(Photo: Detroit News photo illustration / Getty Images)If you are married, and you or your spouse will soon be 66 years old, you might be able to increase your Social Security by thousands of dollars, but there’s a catch: A popular strategy known as “file and suspend” will be shut down for new participants after April 29.As people rush to file paperwork before the doors close, Soci..>> view originalCrane operators are sky-high stars in NY construction boom
Crane operators are sky-high stars in NY construction boom Verena Dobnik, Associated Press March 13, 2016 Updated: March 13, 2016 3:04pm Photo: Julie Jacobson, AP In this March 4, 2016 photo, cranes move loads of materials at dusk at the Hudson Yards construction site in New York. The steel behemoths are spro..>> view originalSmart City Challenge: How everyone could win
Thanks to a nationwide competition and a generous prize, a range of “smart” cities could be rising in the United States. On Saturday, government officials at the South by Southwest festival (SXSW) announced seven finalists in a national competition among American cities seeking bold plans for future city transportation. The finalists will receive federal grant money and have about a month to finalize plans before a winner is announced. The Smart City Challenge began in Dec. 2015, aimed at spurr..>> view originalChinese insurer is acquiring Santa Monica resort, Hotel del Coronado in $6.5-billion portfolio deal
The Loews Santa Monica Beach and the historic Hotel del Coronado near San Diego are being acquired by a Chinese insurance company as part of a $6.5-billion deal.Blackstone Group, a New York private equity firm, has agreed to sell its Strategic Hotels & Resorts Inc., which owns 16 luxury properties, to Anbang Insurance Group, a person familiar with the transaction said Saturday SIGN UP for the free California Inc. business newsletter >>The portfolio, according to Strategic's website, includes th..>> view originalFarmers worry about Cuomo's proposal to hike minimum wage
ALBANY, N.Y. (AP) - Gov. Andrew Cuomo’s proposal to raise the state minimum wage worries farmers who rely on a relatively higher-paid workforce, unlike the fast-food workers and others in low-paying jobs who have been the focus of an aggressive campaign to fatten paychecks.Farmers fear it would put even more pressure on payrolls being driven up by demand for the hard-to-fill jobs. A recent report showed New York farm workers in general are already making more that minimum.Cuomo’s proposal would ..>> view originalBangladesh Vows to Act Against its Central Bank Over Cyber Heist
Bangladesh’s finance minister pledged to act against its central bank for not informing him about a cyber heist in which hackers broke into a Bangladesh Bank account with the Federal Reserve Bank of New York last month.Abul Maal Abdul Muhith, the finance minister, told reporters in Dhaka on Sunday that he was going to meet Prime Minister Sheikh Hasina and planned to issue a statement on the matter, which involved the unauthorized transfer of at least $100 million from the central bank’s account..>> view original
Sunday, March 13, 2016
NJ Transit Labor Standoff Came Down to Retiree Pay and other top stories.
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