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first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Long Island job fairLong Island’s construction sector suffered through another down month in terms of job gains but it did get a slight boost in December thanks to Hurricane Sandy cleanup efforts.The New York State Department of Labor released employment data for December and found that the natural resources, mining and construction sector’s job count fell by 700 jobs compared to a typical decline of around 1,800 jobs.Local hotels also saw an uptick in occupancy levels over that time as crews from out-of-state descended on Long Island to assist with hurricane recovery.Occupancy levels at hotels are at 95 percent, up 30 percent from the normal rate at this time of the year, the labor department said.“Part of this larger-than-normal increase is due to hiring from the Hurricane Sandy cleanup effort,” department of labor market analyst Shital Patel wrote as she described a job count increase of 4,500 between November and December compared to the more likely result of 3,700.Overall, private sector jobs on Long Island increased over the year by 8,000. But the .08 percent jump in jobs was outpaced by the state (1.6 percent) and the nation (1.7 percent).More than half of LI’s private industries gained jobs in December compared to 2011. Educational and health services saw a jump of 5,500, financial activities gained 3,800 jobs, professional and business services increased by 3,000 and trade, transportation and utilities also felt a spark, adding 1,500 jobs.The sectors still battling to get back on their feet, natural resources, mining and construction, leisure and hospitality, manufacturing and information all suffered job count declines in December.The local government didn’t go unfazed, shedding 6,100 jobs, the labor department said.last_img read more

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first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Less than 10 miles of new railroad track could make a huge difference to Long Island’s economic future, according to a report released Tuesday by the Long Island Index, a nonprofit group funded by the Rauch Foundation.Called the Third Track—or the Fast Track, as transportation advocates have promoted it—the additional 9.8-mile segment along the Long Island Rail Road’s main line between Floral Park and Hicksville would remove the bottleneck in the commuter railroad system, which has been impeding the expansion of service for decades and usher in a new era of regional mobility and concurrent growth.“The Third Track has been an idea that Long Islanders have hoped would happen for at least 40 years,” said Nancy Rauch Douzinas, president of the Rauch Foundation. “That’s a long time for a good idea to sit on a shelf.”The report, which was released at a special event hosted by the Long Island Association in Melville, predicts that the Third Track would add 14,000 jobs, $3 billion in personal income, $5.6 billion to our Gross Regional Product, 35,000 new residents, $40 million in additional sales tax revenue and $103 million in added property tax revenue—all by 2035, a year chosen by the study’s authors because it would mark 10 years after the supposed completion of the project.“We believe [the Third Track project] will be a game changer for the Long Island region,” said Kevin Law, president and chief executive officer of the LIA and co-vice chairman of the Long Island Regional Economic Development Council. “The Long Island Rail Road is an asset…and we need to support it because it really is part of the lifeline of our Long Island economy.”Many obstacles remain in the way before the Third Track becomes a reality, from community opposition along the route to serious problems facing public transportation funding, but the study is the first of its kind to quantify the fiscal benefits that may accrue if the $1.1.-billion capital project is ever constructed. At present, it’s slated to begin in 2020 and be completed by 2024.Prospects for the Third Track aren’t so daunting, according to Neal Lewis, executive director of the Sustainability Institute at Molloy College, because the LIRR has modified its original idea so it will have a smaller impact on the neighborhoods along the line.“I think it will be a lot easier to gain community support because the things the community was concerned about in the past have been changed in the new proposal,” Lewis told the Press.According to the authors of the report, HR&A Advisors, Inc., an economic consulting firm, and Parsons Brinkerhoff, Inc., a global planning and engineering firm, with input from the Regional Plan Association, the benefits of the Third Track range from the mundane to the profound. First, there would be less waiting at the stations because more trains would be available. More riders could afford to leave their cars and board the trains when the schedule is more convenient for them so traffic would be reduced on the Long Island Expressway and the parkways. People from the city could reverse commute more easily, meaning that residents in Brooklyn, for example, could work in Ronkonkoma, making LI more appealing to generations of young people while businesses could draw upon a larger labor pool.As Long Islanders know all too well, the local economy currently leaves much to be desired. Recently, the Long Island Index reported that only 195,000 square feet of retail space is under construction in Nassau and Suffolk counties, compared to 3,765,000 sq. ft. in northern New Jersey and 1,980,000 sq. ft. in Westchester and southern Connecticut. That’s just one indicator. Meanwhile, members of the millennial generation are moving away instead of waiting for the Island to rebound.Building the Third Track is seen as one way to get them back onboard. Other plans in the works are the East Side Access tunnel so LIRR riders can go directly to and from Grand Central Terminal, although the project, now slated for completion in 2023, is four years behind schedule and $2.6 billion over budget.The Double Track on the Ronkonkoma line is now in Phase 1, which means the section between Central Islip and Ronkonkoma is slated to get a second track by September 2016. Phase 2, which would connect Central Islip to Farmingdale, is scheduled to be completed by December 2018. Once done, a disabled train on the track wouldn’t disrupt service on the entire line, and, just as important, reverse-commute trains could be added in peak travel times.The release of the new report brought together representatives of Long Island business and labor.“For us, it’s not just about the jobs—it’s about the future of Long Island,” said Roger Clayman, executive director of the Long Island Federation of Labor. “As you see from the study, housing goes hand in hand with transportation…And our ability to provide for all the education [on Long Island] is dependent upon economic growth…We need this project pretty badly.”Significantly absent from the report’s unveiling was Long Island Rail Road President Helena Williams, whose surprise firing last week by Metropolitan Transportation Authority Chairman Tom Prendergast has shocked a wide swath of the Long Island community, especially as the threat of a debilitating LIRR strike looms on the horizon. Williams was a frequent presence at past events sponsored by the Long Island Index, and has been regarded as a valuable promoter of the LIRR’s role in fostering the Island’s economic growth.Law told those attending the event that he had called Prendergast last week and “I wasn’t shy expressing my dissatisfaction with the decision… The timing wasn’t great, and her familiarity with Long Island was critical.” Prendergast called Law on Monday and “we had a nice discussion about everything that is important to us here.” He said he plans to meet with the new LIRR president, Patrick Nowakowski, next week.Asked to comment about the report’s findings, Salvatore Arena, a spokesman for the Metropolitan Transportation Authority, told the Press, “The MTA and LIRR welcome input as they develop the next capital program and examine future infrastructure and equipment needs. We appreciate the contribution to the discussion that was put forward today by the Long Island Index.”last_img read more

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first_img continue reading » The holiday season is here again and most people are full of goodwill and the giving spirit. Unfortunately, charity scams are all too common this time of year and cyber-criminals frequently try to prey on holiday spending. Let’s take a look at some of the common scams and ways you and your credit union members can protect themselves against the holiday “Grinches” looking to take advantage of this time of gift sharing.Holiday Shopping ScamsIt’s no secret that shopping ramps up during the holidays, and so do scams. Communicate to your members that they should be careful about how and where they share information, and beware of fraudulent retailers and organizations.Protect personal info. Thanks to online shopping, anyone can search for deals and hit the “buy” button from virtually anywhere. It is a good security practice to wait until you’re connected to a known Wi-Fi network, not a public access site in a coffee shop. You never know who may be eavesdropping on the traffic and looking to steal your personal information. If you can, wait until you’re on a secure network (such as your home network) to make a purchase. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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first_imgSinicki said he’s excited about the team this year and they are shooting for a very successful spring, but right now they are taking things one day at a time. Coach Tim Sinicki said although you couldn’t see the smiles behind everyones masks, he could hear the excitement in the players voices. “They’re anxious as well because they were cheated last year out of what was supposed to be their final year, so hopefully this year being able to have a full year and hopefully their expectations of coming back are fulfilled at the end of the year,” he said. “We’re happy to be out here. We’ll do this as long as we can, and have fun with it and most importantly try and prepare for hopefully, a spring season.” “We’re not here to rush through anything, we’re not here to get anyone injured,” he said. “We’re hoping maybe after two to three weeks we can have a couple weeks of intersquads. So most importantly this time of year we’re going to do a lot of teaching.” “We’re just happy we’ve gotten to this point right now where we’ve fallen in line with all the regulations that the state, the county and the University and the NCAA has put forth,” said Sinicki. The Bearcats are starting at a slow pace, working out in pods and following the regulations put in place. “I’m really fortunate to have the type of kids we have who have been able to support what we’ve done as a staff, and I think those kids are as excited as the returning guys to be out here, finally for the first time,” said Sinicki.center_img Sinicki told 12 Sports four of five seniors from last season are returning after the NCAA granted an extra year of eligibility. Sinicki called them “bonus recruits” for the upcoming season. BINGHAMTON (WBNG) — The Binghamton University baseball team began fall practice today at NYSEG Stadium, marking the first time the team has been together on a field in more than six months. The Bearcats have five freshmen and two transfers coming into the program. Sinicki said he feels terrible for them, but the returning players are going out of their way to make the new players feel welcome. Sinicki said this year expectations for the fall season are a little different. “We’re just basically doing what we’re told,” said Sinicki. “We’re not the experts by any means so we’re listening to our people and we know they’ve done a tremendous amount of work behind the scenes, and they’ve come up with a great plan.” With construction underway at the Binghamton Baseball Complex on campus, the Bearcats are practicing and plan to play the season at NYSEG stadium this year.last_img read more

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first_imgAs long as Trump refuses to accept his defeat, federal agencies have been instructed not to engage with anyone from Biden’s transition teams.In recent days, two types of briefings have emerged as flashpoints in the ongoing deadlock over when Biden’s transition can formally begin: The first is the Presidential Daily Briefing on national security threats; the other is the internal planning for the government’s Covid-19 response.With “each passing day, the lack of access to current classified operations, or to back channel conversations that are happening, really puts the American people’s interest as it relates to their national security at risk,” said Abraham.- Advertisement – “We’re not interested in having a food fight with the GSA administrator or anyone really, we just want to get access to intelligence information, to threat assessments, and to the ongoing work on COVID, so that we can prepare to govern, to bring the American people together and to get the pandemic under control,” said Psaki.Pressed on whether the Biden campaign would consider taking legal action against the GSA, Psaki refused to take any options “off the table,” but added: “Our preference would be that the ascertainment happens, that the letter is signed and that we all move forward in preparing President-elect Joe Biden and Vice President- elect Kamala Harris to govern.”President Donald Trump, however, is still claiming the election was “rigged,” and that he should have won it, despite the fact that he currently trails Biden by nearly 70 electoral votes and his campaign lost a series of lawsuits this week aimed at challenging the election results.- Advertisement – States must certify their election results before the Electoral College meets on Dec. 14. It is unclear if or when Trump might concede, or what impact that would have on the GSA ascertainment process.Biden plans to spend the weekend relaxing at his family’s beach house in Rehobeth, Delaware.Next week, said Psaki, Biden will bring Republicans and Democrats together “who are committed to putting Americans back to work,” suggesting that economic recovery and stimulus talks could be a top priority.Psaki declined to provide details on any economic stimulus plans currently being discussed by transition officials, nor would she elaborate on who, precisely, Biden has been speaking to in the Republican caucus.Earlier this week, Biden announced a new Covid-19 advisory board of health experts, as well as a 30-person volunteer agency review team focused solely on the Department of Health and Human Services, the lead agency overseeing the federal response to the coronavirus pandemic.New coronavirus infections skyrocketed this week, and on Thursday the nation marked a grim new milestone: Over 150,000 cases were reported in a single day. Across the country, city and state leaders are weighing calls for new restrictions on schools, indoor dining and private gatherings against the potential damage further shutdowns could inflict on a still-vulnerable economic recovery.As soon as the first coronavirus vaccine is approved for widespread use, the federal government is expected to launch an unprecedented, quasi-wartime effort to manufacture and distribute hundreds of millions of doses of the vaccine.The bulk of this distribution is expected to take place after Biden is sworn in on January 20, making it all the more important that his incoming staff gets access to the planning and preparations for the vaccine effort. WASHINGTON — Top advisors on President-elect Joe Biden’s transition team spoke of their growing concerns Friday over the Trump administration’s continued refusal to allow Biden to receive briefings on national security and on the federal coronavirus response.During a briefing with reporters six days after independent news organizations called the presidential race for Biden, senior transition aides Jen Psaki and Yohannes Abraham lamented the fact that General Services Administration chief Emily Murphy had yet to perform the customary duty of ascertaining that Biden had indeed won the race.- Advertisement – – Advertisement –last_img read more

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first_img 1 min. story Rob Holding responds to rumours Arsenal could sell him this summer SPONSORED Visit Advertiser website GO TO PAGE Metro Sport ReporterWednesday 27 May 2020 9:30 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link3.6kShares Video Settings by Metro Read More Comment About Connatix V67539 Read More Read More Skip Ad Rio Ferdinand tells Ole Gunnar Solskjaer to drop struggling Arsenal are reportedly ready to listen to offers for Rob Holding (Picture: Getty)Arsenal defender Rob Holding has made it clear he’s taking no notice of rumours that Mikel Arteta is open to selling him in the summer transfer window. The Gunners signed Holding from Bolton Wanderers for a fee of around £2million back in 2016 and the 24-year-old was beginning to hit his stride under Unai Emery when he ruptured the anterior cruciate ligament in his left knee. Holding scored with a towering header on his return against Nottingham Forest last September but the English centre-back has only made three appearances and just a solitary start since Arteta’s arrival. Back in January, Arteta insisted Holding would be a ‘valuable’ player for Arsenal but admitted the centre-half was still a little off the pace.‘He is a very interesting player, very focused, very determined and very willing to learn,’ the Spaniard said ahead of Holding’s substitute appearance against Bournemouth.‘Obviously the fact he has been out for such a long time, he is lacking competition now and lacking that rhythm. More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal‘We need to try to give him as much as possible to help him.‘There were some moments that he looked really, really good. ‘He is a player that is going to be very valuable for us.’Does Rob Holding have a future at Arsenal?Yes0%No0%Share your resultsShare your resultsTweet your resultsFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram. For more stories like this, check our sport page.MORE: How Jack Wilshere reacted to Arsenal selling Robin van Persie to Manchester UnitedMORE: Jeremie Aliadiere tells Arsenal star to ‘grow up’ after training ground bust-upcenter_img Top articles Advertisement Manchester United captain Harry Maguire Skip 1/1 Earlier this week, David Ornstein, speaking on the Athletic’s Ornstein and Chapman podcast, revealed that Arsenal will be listening to offers for Holding over the coming weeks and months. Ornstein claimed that Sokratis Papastathopoulos and Shkodran Mustafi are also deemed surplus to requirements in north London.However, Holding has since shared an Instagram post indicating that he’s ignoring the noise and that he intends to fight for his place under Arteta at the Emirates. ‘Focus your energy on what you can control,’ he said. Read More Coming Next / PLAY Advertisement Read More The defender has made just one start under new Arsenal manager Arteta (Picture: Getty)Though it was believed Arteta was simply easing Holding back to full fitness following his devastating knee injury, the latest reports suggest the central defender’s future could be in serious doubt.AdvertisementAdvertisementADVERTISEMENT Full Screenlast_img read more

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first_imgDiversified growth fund (DGF) managers must reassess their strategies and allocations to ensure survival in the next market phase, according to AQR.Research by the multi-asset and smart beta group found that, despite DGFs performing in line with their stated aims, much of the investment return from the funds could be explained by beta.DGFs were highly correlated to a passive benchmark of 50% stocks and 50% bonds, AQR said.In addition, in the five years to the end of 2016, a 50-50 portfolio of the MSCI World index and Barclays Global Aggregate Bond index, hedged to sterling, gained an average 8.2% a year. A group of DGFs targeting cash plus 5-7% a year posted 6.6% annual returns – in line with their aim but trailing a passive substitute. According to AQR’s calculations, the DGF group had a correlation of 0.89 to the passive portfolio, where 1 is completely correlated.The report was written by AQR portfolio managers John Huss and Laura Serban, with Adam Akant, associate in the company’s portfolio solutions group.The authors said: “Over the past five years, the average DGF has likely met its return target by riding the strong performance of stock and bond markets, but it failed to provide much diversification or excess returns relative to these traditional beta exposures.”They also warned that in many areas “traditional assets are currently elevated by historical standards”. This raised questions about the future performance of these assets and DGFs, the authors said, as most economic environments would be “less favourable” than the past five years.“Unless DGF managers change their strategies to be less correlated with traditional portfolios, they may be unlikely to match recent performance going forward,” Huss, Serban, and Akant wrote.They added: “High starting valuations mean that investors or strategies that rely primarily on exposure to a traditional portfolio to generate returns may have much more difficulty reaching their total return objectives going forward than they have had over the past several years.”AQR’s findings echoed those of Willis Towers Watson. Writing for IPE last year, Alice Lee, investment consultant at the firm, warned that investors needed to be “discerning between genuine skill and market beta” and “urge managers to create more modern, cost-effective, and better-structured solutions”.last_img read more

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first_imgOff-road vehicles became legal on Franklin County roads on Sep. 1 but some residents are fighting back against the ordinance.The Franklin County Observer reported that Franklin County Commissioners had adjourned their meeting on Sep. 3 before Wayne Monroe had a chance to address the commissioners.He was able to present commissioners with copies of a petition that was signed by 34 residents on Reservoir, Spaeth, and Keeler Roads who are against off-road vehicles.Monroe also included information from the state of Indiana showing 327 deaths of ORV riders in 2011 and over a thousand emergency room visits for other injuries, according to the Observer.The speed limit on Reservoir Road is 30mph, but he cited traffic typically moves between 40 and 50 mph.Monroe fears that someone may be killed on one of those roads due to the amount of traffic as well as the disregard for the speed limit.Commissioners have previously stated that they expected petitions to be filed against ATV’s on certain county roads and would disallow them on the roads where the majority of landowners voted against the off-road vehicles.last_img read more

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first_imgDue to the coronavirus pandemic music concerts were discontinued across the world.Now, as some nations start to ease restrictions, promoters and event organizers are trying to figure out how to get back to putting on shows safely.A new UK pop-up venue, the Virgin Money Unity Arena, is testing out what is said to be the UK’s first socially distanced concert.On Tuesday, 2,500 fans gathered at the outdoor venue in groups of up to five to watch musician Sam Fender from one of 500 raised metal platforms at the arena in Gosforth Park, Newcastle, northern England.Distancing was enforced on arrival. Cars had to be parked two meters apart before patrons are guided to their own platformed private viewing areas, while food and drink can be ordered beforehand or via an app for collection or delivery.Concerts and nightlife that we were used to before the pandemic could still be a long way off.In the meantime, some organizers are experimenting with virtual events, drive through concerts, mandated personal protective equipment, or temperature checks on arrival.last_img read more

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