From the late 1970s to the mid 2000s, inflation-adjusted household incomes didn’t grow at all for those in the bottom 20 percent. At the same time, for the wealthiest five percent, average incomes more than doubled, according to the report.
Businesses are coming back to life in the areas of the city most affected by Hurricane Sandy. The city’s Department of Small Business Services provides many resources.
This edition of MetroFocus explores storm-related topics, from the continuing efforts to bring light and heat to thousands, to tips on how to put traumatizing events in perspective for children.
Nearly a third of office space in Lower Manhattan is shuttered after Sandy. Small trading firms had many steps to climb to get their business online again.
A look at wealth and questions of disparity with economist Diana Furchtgott-Roth, former New York Times economics columnist Jeff Madrick, and historian Kenneth Jackson.
NJToday Correspondent Lauren Wanko takes a look at what New Jersey towns like Belmar and Neptune are doing to help residents recover from the damage from Hurricane Sandy and the northeaster.
Long Island Business Report anchor Jim Paymar visits Long Beach, Long Island, where Hurricane Sandy wiped out power and homes. Residents seek shelter at Red Cross facilities but plan on rebuilding their beloved community of “Strong Beach.”
While Hurricane Sandy shares the climatic origins of Irene, the extent of the physical devastation is more akin to 9/11.