New details of the Justice Department’s handling of the accusations against Halkbank reveal how Turkey’s leader pressured the president, prompting concern from top White House aides. Source: New York Times
Posts published in “Economic Conditions and Trends”
Inside the Clash Between Powerful Business Leaders and N.Y.C.’s Mayor
By Gotham Rex on September 12, 2020
The tensions burst into the open when 163 executives joined to criticize Bill de Blasio’s leadership. Others think their portrait of the city is overly bleak. Source: New York Times
Coronavirus in NY: 150 Big Businesses Warn De Blasio of ‘Widespread Anxiety’ Over City's Future
By Gotham Rex on September 11, 2020
Leaders of companies like Goldman Sachs and JetBlue implored Mayor Bill de Blasio to take more decisive action to halt the city’s decline. Source: New York Times
150 Big Businesses Warn Mayor of ‘Widespread Anxiety’ Over N.Y.C.’s Future
By Gotham Rex on September 10, 2020
Leaders of companies like Goldman Sachs and JetBlue implored Mayor Bill de Blasio to take more decisive action to halt the city’s decline. Source: New York Times
Manhattan’s Office Buildings Are Empty. But for How Long?
By Gotham Rex on September 8, 2020
As they grow accustomed to working from home, many businesses are delaying signing new leases until rents drop and the pandemic passes. Source: New York Times
New Yorkers Are Fleeing to the Suburbs: ‘The Demand Is Insane’
By Gotham Rex on August 30, 2020
The pandemic is spurring home sales as prosperous city residents seek more space. One listing had 97 showings and received 24 offers. Source: New York Times
Manhattan Vacancy Rate Climbs, and Rents Drop 10%
By Gotham Rex on August 18, 2020
There were more than 67,300 units available in July across the city as it tries to rebound from the coronavirus outbreak. Source: New York Times
One-Third of New York’s Small Businesses May Be Gone Forever
By Gotham Rex on August 3, 2020
Small-business owners said they have exhausted federal and local assistance and see no end in sight after months of sharp revenue drops. Now, many are closing their shops and restaurants for good. Source: New York Times
$1 Billion Is Shifted From NYPD in a Budget That Pleases No One
By Gotham Rex on June 30, 2020
“We can’t allow folks from outside our community to lecture us about Black lives,” said a City Council member, opposing the police cuts. Source: New York Times
Coronavirus Shutdowns: Economists Look for Better Answers
By Gotham Rex on June 6, 2020
Researchers are developing models for more targeted closings (and reopenings) that would curb the spread of infection at a less severe economic cost. Source: New York Times
The Pandemic Upends Islam’s Holiest Month
By Gotham Rex on May 26, 2020
Zoom calls and socially distant food drives have replaced family gatherings and community prayers. Source: New York Times