Thursday, February 8, 2018

NYC Economy Takes a Break in Fourth Quarter of 2017


City economic growth slowed to 1.2% in the 4th quarter
Private sector lost 17,300 jobs, largely in medium-wage industries
  New York City’s economy slowed down at the end of 2017, as gross city product grew only 1.2% in the fourth quarter of 2017 (October through December), according to an analysis of the City’s economic performance released today by New York City Comptroller Scott M. Stringer. During the same quarter, the national economy expanded by 2.6%.
In the final three months of 2017, private-sector employers shed 17,300 jobs, including 15,700 jobs in medium-wage industries. For the whole of 2017, private-sector employers added jobs 71,400 in 2017, compared to 83,600 new private-sector jobs in 2016.
“The weakness in employment growth should serve as a reminder that the robust rate of job creation in the City over the last several years won’t continue forever,” said Comptroller Stringer. “We will continue to monitor the economy’s condition closely, but this quarter’s results highlight the need for prudence in the management of our finances.”
Released every three months, the Comptroller’s Quarterly Economic Update tracks New York City’s economic health and analyzes the City’s economy in a national context. The report includes information on economic growth, unemployment, average wages, business activity, real estate transactions, and other economic indicators.
Current and historical data in the Comptroller’s Quarterly Economic Update are available on a new website www.comptroller.nyc.gov/EconomicData that presents data on the City’s economy in an accessible, open, and easy to manipulate way. New Yorkers, policymakers, and economists are encouraged to explore the data that underpins the Comptroller’s Quarterly Economic Reports and analyze the City’s economic performance over time.
Findings in the Fourth Quarter Update include:
City Economic Growth Slowed
New York City’s economy ended 2017 with a whimper, growing only 1.2% in the fourth quarter. In contrast, the U.S. economy, as measured by the change in real GDP, grew 2.6% (advance estimate). For 2017 as a whole, the City’s economy grew 2.4%, slightly less than the 2.5% rate in 2016, but better than U.S. economic growth of 2.3%.
Private-Sector Slammed the Brakes on Hiring
Establishments in New York City (including government) shed 16,800 jobs, an annualized decline of 1.5%, registering the worst fourth quarter performance in eight years. Of 17,300 private-sector jobs lost in the fourth quarter, 15,700 were in medium-wage industries, followed by 1,300 in low-wage industries, and 300 in high-wage industries.
Private-sector job losses included:
  • 4,000 in arts, entertainment, and recreation;
  • 3,500 in administrative services;
  • 2,600 in retail trade;
  • 1,300 in accommodation; and
  • 500 in food services and drinking places.
Job losses were partially offset by job gains in construction and financial activities.
  • For the year, the city added 71,400 total private sector jobs, after adding 83,600 in 2016.
  • Most of the new jobs (40,000 or 55.5%) paid under $60,000, followed by mid-wage jobs between $60,000 and $119,000 (18,000 or 25.5%) and high-wage jobs paying over $119,000 (14,000 or 19.0%).
Labor Force Participation Rate Retreated From Its Record High
The City’s labor force, which is the sum of all city residents who are employed or looking for a job, declined by 9,200 from its record high in the third quarter of 2017. As a result, the City’s labor-force-participation rate (LFPR), which is the ratio of the total labor force to the total non-institutional population (16 years old and over), fell slightly to 61.3%, off its record high of 61.5% in the third quarter.
As the labor force contracted, the unemployment rate fell in all five boroughs to their lowest fourth-quarter levels in at least 12 years. The unemployment rate in the fourth quarter of 2017 was:
  • 5.9% in the Bronx;
  • 4.4% in Brooklyn;
  • 4.2% in Staten Island;
  • 3.8% in Manhattan; and
  • 3.7% in Queens.
Average Hourly Earnings and Personal Income Tax Collections Rose
Changes to the U.S. tax code at the beginning of 2018 appear to have had a significant impact on personal income tax collections at the end of 2017. Beginning in tax year 2018, taxpayers will lose the ability to deduct more than $10,000 in state and local taxes.
On a year-over-year basis, personal income taxes withheld from paychecks rose 16.2% to over $2.2 billion in the fourth quarter, while estimated tax payments, which reflect trends in taxpayers’ non-wage income, including interest earned, rental income, and capital gains, more than doubled.
Average hourly earnings (AHE) of all private NYC employees, another proxy for personal income, rose 3.7% on a year-over-year basis to $35.52 in the last quarter of 2017, the biggest fourth-quarter gain since 2008.
Venture Capital Investment On-Trend
Total investment in the New York metro area rose 32.5% on a year-over-year basis to $2.9 billion in the fourth quarter of 2017, as the number of deals rose to 177 from 169 in the prior year.
Total national growth in venture capital investment was slightly higher at 45% in the fourth quarter, as investment in Silicon Valley more than doubled.
New Commercial Leasing Grows, While Manhattan Residential Market Softens
New commercial leasing activity in Manhattan surpassed 7.0 million square feet in the fourth quarter, 21.8% higher than in same quarter last year.
However, residential housing prices in Manhattan continued to soften for the second consecutive quarter. Both average sales prices and average price per square foot fell for the second time after nine consecutive quarters of year-over-year growth.
Unlike Manhattan, housing market prices increased slightly in Brooklyn to $948,706. Similarly in Queens, the average sales price rose 8.9% to $624,698.
MTA Bus Ridership Continued Decline
Average weekday ridership on MTA NYC Transit fell 0.9% in October and November of 2017 from a year ago, as bus ridership fell 3.4%. During the same period, ridership on the Long Island Rail Road (LIRR) fell 0.5%, but increased 0.1% on Metro North.
For the entirety of 2017 through November, average weekly ridership fell 1.2% on MTA subways and 5.5% on the buses.
Leading Economic Indicators are Positive
The City’s leading economic indicators were mixed, but implied continued expansion. The current business condition index provided by ISM-New York, Inc. (which measures the current state of the economy from the perspective of business procurement professionals) fell to 55.3% in the fourth quarter, below the 56.4% in the prior quarter. However, a reading greater than 50% indicates growth.
In a positive sign, total building permits in the City rose 12.7% to 5,672 in the fourth quarter from a year ago. However, initial unemployment claims increased 2.8%, on a year-over-year basis, for the first time after twelve consecutive quarters of decline.
To view the full report, visit Comptroller Stringer’s new, interactive webpage at www.comptroller.nyc.gov/EconomicData or click here for a PDF.

MAYOR DE BLASIO APPOINTS EIGHT JUDGES TO FAMILY AND CIVIL COURT


  Mayor Bill de Blasio today announced the appointment of two judges to Family Court and six as interim Civil Court judges. These judges have a wealth of experience in the public and private sectors and are uniquely qualified to serve all New Yorkers.

“I am proud to appoint this group of diverse, committed, and impartial judges to serve the people of New York,” said Mayor Bill de Blasio. “I am confident they will work tirelessly in the best interest of all who call this great city home.”
  
The Mayor appointed the following judges:  

FAMILY COURT

Judge Lisa Friederwitzer
Judge Friederwitzer spent the majority of her career, nearly 20 years, with the New York State Unified Court System, serving as a Court Attorney Referee in Supreme Court and as a Support Magistrate and Court Attorney in Family Court. Prior to that, she was a solo practitioner.
Judge Friederwitzer received her undergraduate degree from CUNY, Queens College and her law degree from Touro College, Jacob D. Fuchsberg Law Center. 

Judge Lynn Leopold
Judge Leopold served with the New York City Law Department for nearly 17 years, primarily in the Family Court Division as Senior Counsel and Deputy Borough Chief as well as Senior Counsel in Family Court, Administration. Prior to that, she was with the New York City Housing Authority for 11 years having last served as an Assistant Chief in the Anti-Narcotics Strike Force, and started her career at the Kings County District Attorney’s Office. Judge Leopold graduated from Cornell University and the University of Bridgeport School of Law (now Quinnipiac School of Law).

CIVIL COURT

Judge Jonathan Shim
Judge Shim was in private practice his entire career, having worked as an associate at several firms before becoming a solo practitioner specializing in family and matrimonial law for the last nine and a half years. Judge Shim received his undergraduate degree from SUNY at Albany and his law degree from Albany Law School. Judge Shim is appointed to Civil Court and will be serving in Family Court.

Judge Michael Hartofilis
Judge Hartofilis served with the Queens County District Attorney’s office in various bureaus for eight years before becoming a solo practitioner specializing in criminal defense for the last 22 years. Judge Hartofilis received his undergraduate degree from New York University and his law degree from Temple University School of Law. Judge Hartofilis is appointed to Civil Court and will be serving in Criminal Court.

Judge Marisol Martinez Alonso
Judge Martinez Alonso was a career prosecutor with the Bronx County District Attorney’s Office, having served for over 16 years and as Deputy Chief of a Trial Bureau in her last capacity. Judge Martinez Alonso graduated from John Jay College of Criminal Justice and received her law degree from New York Law School. Judge Martinez Alonso is appointed to Civil Court and will be serving in Criminal Court.

Judge Edwin Novillo
Judge Novillo served with the Legal Aid Society, Criminal Defense Practice for over 14 years, in both Kings and Queens County. He received his undergraduate degree from John Jay College of Criminal Justice and his law degree from Touro College, Jacob D. Fuchsberg Law Center. Judge Novillo is appointed to Civil Court and will be serving in Criminal Court.

Judge Ann Thompson
Judge Thompson began her career at two private firms before serving with the Richmond County District Attorney’s Office for over 10 years. She last served as Bureau Chief of the Special Victims Bureau. Judge Thompson received her undergraduate degree from Dartmouth College and her law degree from Harvard Law School. Judge Thompson is appointed to Civil Court and will be serving in Criminal Court.

Judge Jeffrey Zimmerman
Judge Zimmerman served as a prosecutor for the United States Attorney’s Office, Southern District, as well as the New York County District Attorney’s Office. He spent 17 years at Time Warner Cable, having last served as Senior Vice President, Deputy General Counsel, before returning to the public sector. Most recently, Judge Zimmerman was the Deputy Director of Crime Strategies and Public Safety for the Mayor’s Office of Criminal Justice. He graduated from Dartmouth College and Columbia University Law School. Judge Zimmerman is appointed to Civil Court and will be serving in Criminal Court.

24th Annual Bronx Parks Speak Up Sat Feb. 24th at Lehman College


Wave Hill Events Feb 23‒Mar 2


Sat, February 24    Family Art Project: Exotic Desert Dwellers
Visit Wave Hill’s Cactus and Succulent House in the Marco Polo Stufano Conservatory and leave winter behind as you dream of warmer places. Spend some time sketching and painting exotic desert dwellers and tropical inhabitants, then, using sand and vibrant tempera paint, make a desert or tropical mirage. Free, and admission to the grounds is free until noon. 
WAVE HILL HOUSE, 10AM‒1PM

Sun, February 25    Family Art Project: Exotic Desert Dwellers
Visit Wave Hill’s Cactus and Succulent House in the Marco Polo Stufano Conservatory and leave winter behind as you dream of warmer places. Spend some time sketching and painting exotic desert dwellers and tropical inhabitants, then, using sand and vibrant tempera paint, make a desert or tropical mirage. Free with admission to the grounds. 
WAVE HILL HOUSE, 10AM‒1PM

Sun, February 25    Pre-Concert Tea
Enjoy Afternoon Tea in the Mark Twain Room prior to today’s concert in Armor Hall. The Café at Wave Hill pairs a classic menu with an assortment of green, black and herbal teas. This traditional tea service includes the four classic elements of savory, scones, sweets and tea. The menu, presented by Great Performances, includes an array of tea sandwiches, scones and bite-sized desserts. Afternoon Tea also includes a glass of sparkling wine. Afternoon Tea Service is $36. Wave Hill Members receive a 10% discount. Advance registration is required online. We will take reservations until 5PM, Thursday, February 22.

WAVE HILL HOUSE, NOON2PM

Sun, February 25    Winter Workspace Drop-In Sunday
Artists in the Winter Workspace program share their studio practice with visitors on this Drop-In Sunday. Artists in Session 2 of this program are Michele BrodyTamara Kostianovsky, Athena LaTocha and Maika’i Tubbs. For more about who is in residence on Sundays, visit wavehill.org. Free with admission to the grounds.
GLYNDOR  GALLERY, 1–3PM

Sun, February 25    Garden Highlights Walk
Join a Wave Hill Garden Guide for an hour-long tour of seasonal garden highlights. Free with admission to the grounds.
MEET AT PERKINS VISITOR CENTER, 2PM

Sun, February 25    Concert: The Brown-Urioste-Canellakis Trio & Alex Fiterstein, Clarinet
Described as “outstanding” by Albany’s Times Union, the Trio— Michael Brown, composer-pianist; Elena Urioste, violin; and Nicholas Canellakis, cello—is acclaimed for the exuberant communicativeness with which it plays. Recent highlights include the Beethoven Triple Concerto with the Albany Symphony Orchestra, Los Alamos Concerts, Merkin Concert Hall, the Vancouver Recital Society, the Ravinia Festival and Chicago’s radio station WFMT. Joining the ensemble is guest clarinetist Alex Fiterstein. The Wave Hill program will be a blend of traditional chamber works by Debussy and Fauré, and a movement from Olivier Messaien’s 20th-century landmark work, Quartet for the End of Time. The centerpiece of the program is the world premiere of a new work by composer-pianist Michael Brown commissioned by Wave Hill. Sounds of nature will resonate inside Armor Hall as the inspiration for these contemporary works. Tickets for this concert are $28 plus admission to the grounds/$24 Wave Hill Member/$12 Children ages 8–18. Order tickets online at wavehill.orgor onsite at the Perkins Visitor Center. For additional information, please call 718.549.3200 x251.
WAVE HILL HOUSE, 2PM

Mon, February 26
Closed to the public.

A 28-acre public garden and cultural center overlooking the Hudson River  and Palisades, Wave Hill’s mission is to celebrate the artistry and legacy of its gardens and landscape, to preserve its magnificent views, and to explore human connections to the natural world through programs in horticulture, education and the arts.

HOURS  Open all year, Tuesday through Sunday and many major holidays: 9AM–4:30PM, November 1–March 14. Closes 5:30PM, starting March 15.

ADMISSION  $8 adults, $4 students and seniors 65+, $2 children 6–18. Free Saturday and Tuesday mornings until noon. Free to Wave Hill Members and children under 6.

PROGRAM FEES  Programs are free with admission to the grounds unless otherwise noted.

Visitors to Wave Hill can take advantage of Metro-North’s one-day getaway offer. Purchase a discount round-trip rail far and discount admission to the gardens. More at http://mta.info/mnr/html/getaways/outbound_wavehill.htm

DIRECTIONS – Getting here is easy! Located only 30 minutes from midtown Manhattan, Wave Hill’s free shuttle van transports you to and from our front gate and Metro-North’s Riverdale station, as well as the W. 242nd Street stop on the #1 subway line. Limited onsite parking is available for $8 per vehicle. Free offsite parking is available nearby with continuous, complimentary shuttle service to and from the offsite lot and our front gate. Complete directions and shuttle bus schedule at www.wavehill.org/visit/.

Information at 718.549.3200. On the web at www.wavehill.org.

Wednesday, February 7, 2018

25 Members And Associates Of Bronx Gang Charged In Manhattan Federal Court With Narcotics Trafficking


  Geoffrey S. Berman, the United States Attorney for the Southern District of New York, James P. O’Neill, the Commissioner of the Police Department for the City of New York (“NYPD”), Angel M. Melendez, the Special Agent-in-Charge of the New York Field Office of the U.S. Immigration and Customs Enforcement’s Homeland Security Investigations (“HSI”), Ashan M. Benedict, the Special Agent-in-Charge of the New York Field Division of the Bureau of Alcohol, Tobacco, Firearms & Explosives (“ATF”), and James J. Hunt, the Special Agent-in-Charge of the New York Field Division of the Drug Enforcement Administration (“DEA”), announced charges today against 25 members and associates of the “Hooly Gang,” a crew operating primarily in the vicinity of Fox Street and Leggett Avenue in the Bronx, New York.  The defendants are charged with narcotics conspiracy in Superseding Indictment S1 17 Cr. 449 (KPF).

Manhattan U.S. Attorney Geoffrey S. Berman said:  “The defendants are charged with narcotics conspiracy.  What they allegedly did was annex a residential neighborhood, including two playgrounds, and make it a virtual open-air bazaar for dangerous and potentially lethal drugs.  We commend our partners at the NYPD, HSI, ATF, and DEA for working together to restore our neighborhoods to the law-abiding people who deserve to live without fear of gangs and the violence they often bring.”
NYPD Commissioner James P. O’Neill said:  “As alleged, the defendants in this case plied their poison, including heroin and oxycodone, across two Bronx playgrounds, endangering the lives of many in the neighborhood.  Our focus on crime—and violence—is unwavering.  And it is exhibited clearly in today’s action.  I am thankful for the efforts of detectives, agents, and prosecutors whose work resulted in the arrest of dozens this morning and the unsealing of this superseding indictment.”
HSI Special Agent-in-Charge Angel M. Melendez said:  “The individuals arrested during this operation are alleged to sell crack and heroin around playgrounds.  They have a clear disregard for law enforcement and clearly no regard for the communities in which they live.  HSI and its law enforcement partners will continue to arrest and remove gang members, like those today, off our city streets.”
ATF Special-Agent-in-Charge Ashan M. Benedict said:  “The Hooly Gang and its members, as alleged, turned playgrounds into open air drug markets where narcotics were more common than the sights and sounds of children laughing and playing.  Thank you to all of the federal, state and local partners that helped create a force multiplier effect to help rid the streets of violent narcotics traffickers thus sending a message to the community that the rule of law runs the streets. I would like to extend my gratitude to the United States Attorney’s Office for their work in prosecuting the case.” 
DEA Special Agent-in-Charge James J. Hunt said:  “Allegedly, the Hooly Gang was a feared drug supplier in the Longwood section of the Bronx.  Their products - ranging from crack, heroin, marijuana, and oxycodone - invited gang wars into the surrounding communities and enabled drug addiction.  This unique law enforcement partnership, targeting gang violence in our city, led to today’s arrests.” 
According to the Superseding Indictment[1] unsealed today in Manhattan federal court and other publicly filed documents:
The Superseding Indictment arises from a joint investigation, beginning in 2017, by the NYPD, HSI, DEA, and ATF into a crew operating in the vicinity of Fox Street and Leggett Avenue in the Bronx called the “Hooly Gang.”  Members and associates of the Hooly Gang operated an open-air drug market in this residential neighborhood – including within and around two playgrounds – and sold, among other things, crack, heroin, oxycodone, and marijuana.  In order to protect its drug turf and advance its aims, members and associates of the Hooly Gang also committed acts of violence, including shootings.
Defendants arrested in New York yesterday and early this morning will be presented later this afternoon in Manhattan federal court.  Defendant MELVIN ALSTON is presently in custody on state charges and will be transferred to federal custody.  Defendants ANTHONY RODRIGUEZ, a/k/a “Ant,” ROBERTO JORGE, and GIOVANNI TORRES are already in federal custody on related charges.
Each defendant is charged with one count of narcotics conspiracy, which carries a mandatory minimum sentence of 10 years in prison and a maximum sentence of life imprisonment.  The statutory maximum penalties are prescribed by Congress and are provided here for informational purposes only, as any sentencings of the defendants would be determined by the judge.
The case is assigned to U.S. District Judge Katherine Polk Failla. 
Mr. Berman praised the outstanding investigative work of the NYPD’s Bronx Gang Squad, HSI’s Violent Gang Unit, ATF’s Joint Firearms Task Force, and the New York Field Division of the DEA, as well as the United States Marshals’ Service and the New York State Division of Parole for their assistance in today’s arrests.  He also thanked the Bronx County District Attorney’s Office and the New York City Department of Investigation for their support in the investigation of this matter.
The charges contained in the Superseding Indictment are merely accusations, and the defendants are presumed innocent unless and until proven guilty.
 [1] As the introductory phrase signifies, the entirety of the text of the Superseding Indictment and the descriptions of the Superseding Indictment set forth below constitute only allegations, and every fact described should be treated as an allegation.

The Bronx Democratic Party Invites You to Our Annual Winter Reception


Community Board 8 Puts Stagg Developers on Notice


  At what should have been a quiet and short Land Use Committee Meeting of Community Board 8, the last item drew some criticism of Stagg Developers and a surprise resolution on the application for a 421A partial tax exemption. 

  Two of the five items on the agenda were cancelled, and the next two were short matters to houses in the Special Nature Area of CB 8. The last Item was for a 421A partial tax exemption from Stagg Developers for their new building at 5959 Broadway at West 242nd Street. 

 Ms. Kathleen Bradshaw represented Stagg Developers to discuss the request for a 421A tax exemption. She said the six story building would have commercial space on the first floor to which a tenant has not been found yet. The second floor would be occupied by a charter school, not naming which one. She then went on to discuss the 72 units that would be for rent at an average 80% AMI or around $1,292.00 per unit depending on the size. There will be 14 studio apartment ranging from 500 square feet to 520 square feet. 55 one bedroom apartments ranging from 501 square feet to 571 square feet. there would also be 3 two bedroom apartments for a total of 72 units on the remaining four floors. When asked how many parking spaces the building would have the answer was 36. As for the charter school there would be seven or eight classrooms, and the entrance would be separate from the building and on West 242nd Street. 

  CB 8 Land Use Chair Charles Moerdler had some questions which Ms. Bradshaw could not answer. One was if this building which was being presented as a Market Rate rental building would be changed into a homeless shelter as Stagg developers did with a building several blocks down on Broadway. Ms. Bradshaw tried to convince the committee that would not be the case, whereas Chair Moerdler snapped back that he has seen how Mr. Mark Stagg works, and would seek asurrences that this building be a rental building for at least three years.

After several questions by board members and members of the public, Chair Moerdler hesitantly came forth with a proposed resolution whereas the board would approve the 421A application. When he asked for a second to his resolution there were no takers. Chair Moerdler then stepped back and presented a resolution calling for disapproval of the 421 A application. This resolution was quickly seconded, and all but one board member present voted to affirm the resolution. 

It should be noted that there was no quorum of Community Board 8 Land Use members present, but that will not stop the resolution from coming before the full board on Tuesday night to be voted on.

BP DIAZ HOSTS ANNUAL CELEBRATION FOR DOMINICAN HERITAGE IN THE BRONX


On Thursday, February 8, Bronx Borough President Ruben Diaz Jr. will host his annual Dominican Heritage Celebration at Grand Slam Banquet Hall, honoring individuals who have contributed to the growth and promotion of their community and culture. 

This year honorees include Fausto B. Pichardo, Assistant Chief of the Patrol Services Bureau of New York City Police Department; Hon. Carmen De La Rosa, New York City Assembly Woman; Estela Vazquez, executive vice president of 1199; and Rodolfo Fuertes, entrepreneur in the supermarket and Real Estate industry.

Yisel Tejada, Investigative reporter for Noticias Univision 41, will serve as the events emcee.

WHAT
Bronx Borough President Ruben Diaz Jr. hosts his annual Dominican Heritage Celebration                                    
 
WHEN
Thursday, February 8, 2018
6:00 p.m. – 9:00 p.m.
                                   
WHERE
Grand Slam Banquet Hall - 2nd floor