Investing and Global Finance News

Category Archives: Uncategorized

BIDs to the Rescue

New York City’s BIDs (Business Improvement Districts) and neighborhood organizations are a pivotal lifeline for local shops and stores. The BIDs take on the lion’s share of street cleaning, marketing campaigns, and publicity.

The tragic economic effects of the coronavirus pandemic have only heightened the need for BIDs. They are helping businesses stay open, advocating the city on their behalf, and obtaining significant financial assistance, and other crucial services.

The Alliance for Downtown New York for example maintains an updated list of stores that are open as well as a page titled “Portraits,” highlighting local business owners, city workers, and others who have eased the countless burdens of the coronavirus chaos. These posts illustrate the alliance’s strong roots within the community and represent just one of the ways New York City’s BIDs and neighborhood associations are helping businesses stay strong and connect with the people they serve.

Social Media Steps in to Rescue New York City Bookshop

Social Media Steps in to Rescue New York City Bookshop

The Strand, New York’s most legendary bookstore, is breathing a sigh of relief, for now.  In late October, Nancy Bass Wyden, the third-generation owner, turned to social media as a last ditch effort to keep from permanently closing Strand’s doors. A typical day sees about 300 web orders; the influx of online orders following Wyden’s… Continue Reading

Jayme Albin Helps You Plan a Gradual Return to Normal for Kids

Jayme Albin Helps You Plan a Gradual Return to Normal for Kids

New York and many other states have lifted the strict lockdown restrictions. After spending months “trapped” indoors, many families are trying to figure out how to transition out of quarantine and resume a new normal in the shadows of the coronavirus. Author, psychologist, and therapist, Dr. Jayme Albin, offers advice on helping kids face these… Continue Reading

A New York Company Surviving Its 2nd Pandemic

A New York Company Surviving Its 2nd Pandemic

Eastman Machine Company in Buffalo makes fabric-cutting machines. It is a fourth generation family owned business that has weathered its fair share of crises. Over the course of the company’s 132-years history has unfolded: World War I, the Spanish flu pandemic of 1918, the Great Depression and World War II. The company’s equipment is used… Continue Reading

Budgeting in a Crisis: Dos and Don’ts

Budgeting in a Crisis: Dos and Don’ts

It may seem strange to suggest a budget overhaul at a time of so much uncertainty. But that is exactly when these kinds of changes can be most beneficial and impactful. In general, many regular expenses have ceased to be a concern during the corona pandemic. There are virtually no restaurant meals, mani-pedis, or gym… Continue Reading

Bicycle Shops: A NYC Essential Business

While most of New York City’s businesses have ceased or slowed operations during the novel coronavirus pandemic, Mayor de Blasio designated bike shops as an essential business allowed to remain open. More people have taken up cycling as their transportation method of choice, rather than risk infection on subways and buses. For these commuters, cycling… Continue Reading

Using Tech to Breath Better

Residents in the tri-state area can take a deep- and clean(er)- breath in the coming year. OpenAQ is making sure of that! The open-source platform gathers air quality data from governments and international organizations in one site; it is all free and accessible to everyone. It is also cultivating a community of activists, scientists, and… Continue Reading

NYC Companies Merge to create Wall Street’s largest woman- and minority-owned firm

The merger of the Siebert Cisneros Shank & Co. and the Williams Capital Group investment banks are merging to form Wall Street’s largest woman- and minority-owned firm. The new entity will be led by Chief Executive Suzanne Shank, who is describing the move as a merger of equals. Shank is the only African-American woman to run a… Continue Reading

Are Hedge Funds Still Profitable?

While there have unquestionably been some negative yields indicating poor hedge fund performance, the word on the street is that some of this is, “misleading.” According to Legal & General Investment Management head of asset allocation, Emiel van den Heiligenberg: “There are ways of making money from it.”  The question is, how?  Outside of Europe, hedge fund… Continue Reading