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Category: Economy

Hochul Murder Mystery

by Charles Komanoff | Jun 11, 2024 | Economy

Not two months ago, in a brief history of how congestion pricing triumphed in New York, I canonized New York Governor Kathy Hochul, placing her alongside transportation legends Bill Vickrey (Nobel-winning traffic theorist), Ted Kheel (transit-finance savant), and the upstart Riders Alliance that in 2019 achieved what previous campaigners could not: legislation mandating a revolutionary […]

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Senate Majority Leader Chuck Schumer (D-NY), Speaker of the House Nancy Pelosi (D-CA) and Democrats in Congress held an enrollment ceremony for H.R. 1319, the American Rescue Plan Act

A Tale of Two Policies

by Steven Pressman | Apr 30, 2024 | Economy

November will bring a rare election between a former and current President. Both passed landmark legislation that transformed the US economy. One bill provided large tax breaks for corporations and the rich. The other helped people survive during Covid by expanding social safety net programs. In December 2017, Donald Trump and Congressional Republicans passed the […]

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New York NY/USA-July 3, 2019 Vehicles clog Tenth Avenue in New York as they attempt to enter the Lincoln Tunnel during the Great Fourth of July Getaway

Diary of a Transit Miracle

by Charles Komanoff | Apr 26, 2024 | Economy

A miracle is coming to New York City. Beginning on July 1, and barring a last-minute hitch, motorists will soon pay a hefty $15 to enter the southern half of Manhattan — the area bounded by the Hudson River, the East River and 60th Street. An anticipated 15 percent or so of drivers will switch […]

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Container Ship Commercial Vessel Alongside Port

Trump’s 10% Import Tax — An Economic and Ecological Nightmare

by Steven Pressman | Feb 23, 2024 | Economy

Were awards given for the worst economic idea each year, Donald Trump’s call for a 10% tax on all imports would be the 2023 winner. The tax would damage the US economy as well as propagate climate change and environmental devastation. Trump sees jobs lost to foreign trade as the economic problem facing the US. […]

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White young man with his back to the viewer is holding a hand made sign that reads, "Cancel student debt."

The Student Debt Debacle: Rising Costs, Decreasing Public Support

by Steven Pressman | Dec 18, 2023 | Economy

College debt is approaching $2 trillion, more than all other types of household debt except mortgages. Fueled by tuition that exceeds $25,000 a year (room and board adds another $11,000), Federal student loan debt averages more than $37,000 among those with any student debt. Following a hiatus of more than 3 years, 45 million Americans […]

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