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Bridging The Gap
Lyft and Uber reshaping Long Island’s transportation sector. Lyft and Uber reshaping Long Island’s transportation sector.
Lesly Remy says his taxi can’t compete with Uber, so he’s going out of business. He is the sole driver for his company, Long Island Good Guys Taxi & Limo, a Brentwood-based operation that also shares customer calls with independent cabdrivers at no cost. Remy, 52, said his incoming calls and revenue are down 40 percent due to competition from Lyft and Uber since the summer, when a state law ...
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Montauk’s downtown businesses should move inland, study says. Montauk’s downtown businesses should move inland, study says.
Maintaining East Hampton Town’s viability means facing issues including rising sea levels, traffic congestion and workforce housing shortages, a series of reports find. Maintaining East Hampton Town’s status as a prized vacation destination well into the future will require detailed planning, strategic development and, with rising sea levels, moving Montauk businesses back from the beach, a new...
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LI financial advisers say economy is strong despite Dow drop. LI financial advisers say economy is strong despite Dow drop.
The economy remains strong despite Monday’s 4.6 percent decline in the Dow Jones industrial average, Long Island financial advisers said. “I’m looking to pick up new stocks or add to positions,” said Mitchell Goldberg, president of ClientFirst Strategy Inc., a Melville investment adviser. Craig Ferrantino, president of Craig James Financial Services LLC, an investment and financial planning ...
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Initial coin offerings: What are they? Initial coin offerings: What are they?
The startling increase in the value of Bitcoin has re-energized speculation of whether or not the currency has a future, or is just a fintech bubble. In either case, digital currencies continue to grow and diversify, offering new opportunities and fertile ground for innovation. Besides Bitcoin, most prevalent in 2017 was the emergence of the ICO (Initial Coin Offering). This new trend showcases...
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'Don't Think A Robot Could Do This': Warehouse Workers Aren't Worried For Their Jobs. 'Don't Think A Robot Could Do This': Warehouse Workers Aren't Worried For Their Jobs.
The wheels of a tall, metal cart squeak as Chris Beatty, 26, pulls it through a maze of aisles inside a cosmetics warehouse in Burlington, N.J. A hand-held scanner helps Beatty find specific items, such as face cream or lipstick — to be sorted, packed and shipped to online customers. In his industry, this is called picking. Asked if a robot could do his job, Beatty responds with a long pause...
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The economy, stupid? Trump's first year. The economy, stupid? Trump's first year.
Donald Trump's presidency is 1 year old this week. His stunning election victory was heavily influenced by some of the promises he made regarding economic matters. How has he done so far? "This American carnage stops right here and stops right now," vowed the new US President Donald Trump at his inauguration on January 20, 2017. Like his campaign rhetoric, the speech was heavy on economic re...
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Key UK contractor Carillion denies rescue plan in doubt. Key UK contractor Carillion denies rescue plan in doubt.
Troubled construction firm Carillion has denied reports lenders rejected a proposed rescue plan for the business. The firm, which is a key government contractor for projects including schools and prisons, said crunch talks with stakeholders were still ongoing. The firm is struggling under £1.5bn of debt, including a pension shortfall of £587m, raising fears about its future. Ministers are...
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Stony Brook family’s cruise to Bahamas rocked by winter storm. Stony Brook family’s cruise to Bahamas rocked by winter storm.
The Breakaway encountered “stronger than forecasted weather conditions” due to the storm, according to Norwegian Cruise Line. A Stony Brook family said their cruise to the Bahamas took a frightening turn during last week’s winter storm, and now wants to know why they set sail in such perilous conditions. Del Ross said Sunday he and his family embarked on their Norwegian Cruise Line voyage De...
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Staggering divide between super-rich and rest of us in property markets. Staggering divide between super-rich and rest of us in property markets.
New figures have revealed the staggering divide between the super-rich and the rest of us in New Zealand's city property markets. At the top end is New Zealand's most expensive house sold in 2017 – a beachfront home on Auckland's North Shore, which reclaimed its title of the country's dearest after selling for almost $29 million. Figures from property valuation company CoreLogic have reveale...
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PSEG investigating fatal crash with large pole. PSEG investigating fatal crash with large pole.
PSEG Long Island, saying it faces potential litigation, is investigating a fatal accident at one of the large steel poles it erected as part of a controversial high-voltage transmission line project from Riverhead to Eastport, company officials said. It’s the first pole strike since PSEG installed the structures in the spring. LIPA says utility poles are struck by vehicles about 1,000 times a y...
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