Category Archives: economics

New York: Most Unequal State in the Nation!

Posted on November 14, 2022 by David Posnett

A new report from the Institute on Taxation and Economic Policy (ITEP) recently found that New York State is home to the highest concentration of extreme wealth in the United States. New York State also has the greatest income inequality … Continue reading →

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How to Climb out of the Financial Rut in NY State

Posted on February 6, 2021 by David Posnett

On Feb. 5th R&R heard a presentation by Rebecca Saletan and Nick Lyndon on “The Invest in our New York Act”. It is a package of 6 bills for the State of NY. Together they are proposed to raise more … Continue reading →

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Trump’s Economic Fallout

Posted on October 5, 2020 by David Posnett

Guestwords in the East Hampton Star: Trump’s Economic Fallout for Suffolk County and Long Island By John Tepper Marlin and Steven Newman October 1, 2020 President Trump’s three main economic initiatives have been radical 2017 cuts in taxes (at the … Continue reading →

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Lee Zeldin’s Record

Posted on June 11, 2020 by David Posnett

No matter where you live — Montauk or Manorville, Smithtown or Shirley, Patchogue or Port Jefferson — we all want our communities to thrive. To do that, we need a representative who puts our needs first: safe drinking water and … Continue reading →

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Lowe’s or Home Depot? Your call.

Posted on June 10, 2020 by David Posnett

Marvin Ellison, is the CEO of Lowe’s Lowe’s announced Wednesday that it would assist minority-owned businesses with $25 million in grants to support efforts to relaunch the American economy. Lowe’s is dishing out the funds to help small businesses, especially home … Continue reading →

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When the Forgotten Remain Forgotten, no one is Secure

Posted on April 26, 2020 by David Posnett

The Covid-19 pandemic is putting the deepening class divide in America into stark relief. Four new classes are emerging. The Remotes: These are professional, managerial, and technical workers – an estimated 35% of the workforce – who are putting in … Continue reading →

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“I am a Tariff Man” and Credit for the Stock Market

Posted on December 26, 2018 by David Posnett

  US stock markets fell sharply on Tuesday as investors lost faith in a trade truce between the US and China that had been negotiated by Donald Trump at last week’s G20 summit.   On September 8th, 2018 I wrote: … Continue reading →

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New York’s Suffolk County Economy: Not so Hot?

Posted on September 8, 2018 by David Posnett

Representative Lee Zeldin likes to claim that he has contributed to a “booming” economy resulting in jobs in his district (the eastern part of Suffolk county). Lets examine this for a minute. First, jobs This is the graph of unemployment since … Continue reading →

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Zeldin Supports GOP Shenanigans

Posted on July 16, 2018 by David Posnett

Published as Letter to Editor, The East Hampton Star Fiscal Chicanery July 10, 2018 Dear David, If you are under any illusions about congressional Republicans’ intentions to undermine the financial security of American families, just take a look at their … Continue reading →

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Local Economy Dependent on Immigrants

Posted on May 25, 2018 by David Posnett

Recent reports describe  increased round up of latinos. Along with suspected “bad guys” ICE is sweeping up many more innocent undocumented workers.  This was highlighted by the latest Trump visit to Long Island and Lee Zeldin’s cheer leading.  Read more … Continue reading →

Posted in Discrimination, economics, economy, Employment, immigration/deportation, long island, Trump, Uncategorized, Zeldin | Tagged , , | Comments Off on Local Economy Dependent on Immigrants