Job numbers and gas by E.J. McMahon | | NY Torch

New York’s rising unemployment rate is “presenting a challenge for Gov. Andrew M. Cuomo as he tries to build an image as a fiscal centrist who can transform the state’s business climate,” today’s New York Times reports.

Our goose is cooked by E.J. McMahon | | NY Torch

Wall Street, the goose that laid golden eggs for New York’s public sector for more than 25 years before the Great Recession, is “still working through the fallout from the financial crisis,” as Comptroller Thomas DiNapoli reported earlier this week...

Small growth in NY’s big counties by E.J. McMahon | | NY Torch

Employment and wage growth between March 2011 and March 2012 was below the national average in most of New York’s largest counties, according to the quarterly census of employment and wages released today by the Bureau of Labor Statistics...

The Economic Impacts of Closing and Replacing the Indian Point Energy Center | Reports

Located some 40 miles north of New York City, in Westchester County, the Indian Point Energy Center (IPEC) consists of two operating nuclear reactors, with a combined generating capacity of over 2,000 MW, and one long-retired reactor. IPEC’s size and location are the key factors in both the power it provides and the decades-long fight to shutter the plant permanently.

The invisible wage subsidy by E.J. McMahon | | NY Torch

The weekly City and State opens its feature on the minimum wage issue with a portrait of Michelle Dawkins, who rises at 2:30 a.m. to earn $7.25 an hour ferrying wheelchair-bound passengers among the terminals at JFK airport. Assuming she is able to work 40 hours a week without a sick day, Dawkins “will make $15,080 over the course of a year,” the article says.

Minimum wage madness: the follow-up by E.J. McMahon | | NY Torch

Following through on Speaker Silver’s promise earlier this month, the Assembly is reportedly about to introduce a bill raising the minimum wage from $7.25 to $8.50 an hour, with automatic increases thereafter in line with the cost of living. As we’ve noted here before, this is a swell way to reduce job opportunities for low-skilled, entry-level workers — and it’s not a very effective way of helping the working poor, either.

Minimum wage madness by E.J. McMahon | | NY Torch

Mayor Michael Bloomberg has joined Assembly Speaker Sheldon Silver in advocating an increase in the state minimum wage. Unlike Silver, Bloomberg in his State of the City message was at least willing to acknowledge that the minimum wage discourages hiring–specifically, that it “can reduce youth employment.” His solution?

Silver: let’s destroy some jobs by E.J. McMahon | | NY Torch

Governor Andrew Cuomo floated quite a few dubious ideas in his State of the State address yesterday, a couple of which are the subject of my Newsday column today—but the most dubious proposal of all came from Assembly Speaker Sheldon Silver in his own brief remarks before the governor spoke.

The drilling boom spillover by E.J. McMahon | | NY Torch

Interrupting a relentless stream of negative stories about natural gas hydrofracking in the Northeast, The New York Times notices that gas exploration in neighboring Pennsylvania has touched off a boom in New York’s once-languishing Southern Tier.
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