NY economy grew faster in 2014 by E.J. McMahon | | NY Torch

On the surface, today's newly released state Gross Domestic Product (GDP) numbers for 2014 amount to an unalloyed good-news story for New York State. Preliminary data from the federal Bureau of Economic Analysis show the state's real GDP grew slightly faster than the national average in 2014, rebounding from a weak 2013.

However, a closer look at the data reveals stagnation last year in New York's manufacturing sector, offset by a heavy reliance on finance and other industries located mainly in New York City.
However, the new data also reflect a continuing decline in New York's manufacturing sector, offset by a heavy reliance on finance and other sectors located mainly in New York City.

Bio-fooled by Jude Clemente | | Reports

A proposal to mandate the use of biodiesel in home heating oil in New York would raise consumer costs while reducing overall energy efficiency and consuming more fossil fuels.

If not fracking, what? by E.J. McMahon | | NY Torch

Governor Andrew Cuomo's decision to ban high-volume hydraulic fracturing in New York State is a huge blow to the fragile and declining economy of the Southern Tier.

Eat your heart out, upstate NY by E.J. McMahon | | NY Torch

A Rust Belt industrial "boom" spurred by new energy production is the focus of a front-page story in today's New York Times — highlighting, once again, the sort of growth upstate New York is not experiencing while Governor Andrew Cuomo continues to stall the issuance of regulations allowing hydraulic fracturing to produce shale gas.

NY’s growth gap by E.J. McMahon | | NY Torch

The growth prospects for New York’s metropolitan areas between 2013 and 2020 range from dismal upstate to mediocre downstate, according to a study issued by the U.S. Conference of Mayors.

Growth falters in “New NY” by E.J. McMahon | | NY Torch

New York's economy grew more slowly than those of all but four other states in 2013, the latest federal data show.

The real GDP numbers are consistent with job-creation data, which also show the Empire State to be lagging well behind the U.S. as a whole.

Cuomo backs job-killing wage hike by E.J. McMahon | | NY Torch

Governor Andrew Cuomo, who already signed into law one increase in New York’s statewide minimum wage, has agreed to support raising the minimum another notch and giving localities the discretion to go even higher — all reportedly as a condition for receiving the endorsement of the labor union-dominated Working Families Party (WFP).

NY’s manufacturing slump by E.J. McMahon | | NY Torch

"Uneven growth" in U.S. factory jobs since the recession is the subject of a front-page article in today's Wall Street Journal--and upstate New York is featured as a prime example of a region left behind by the positive trend.