Category Archives: economics

New York: Most Unequal State in the Nation!

Posted on November 14, 2022 by D. Posnett MD

A new report from the Institute on Taxation and Economic Policy (ITEP) recently found that New York State is home to the highest concentration of extreme wealth in the United States. New York State also has the greatest income inequality … Continue reading →

Posted in budget, economics, economy, Ethics, Fair elections, Pay Equality, Poverty, Tax Reform | 2 Comments

How to Climb out of the Financial Rut in NY State

Posted on February 6, 2021 by D. Posnett MD

On Feb. 5th R&R heard a presentation by Rebecca Saletan and Nick Lyndon on “The Invest in our New York Act”. It is a package of 6 bills for the State of NY. Together they are proposed to raise more … Continue reading →

Posted in budget, Coronavirus, economics, economy, Fair Labor Standards, Pay Equality, Poverty, Tax Reform, Uncategorized | Tagged , , , , , , | 2 Comments

Trump’s Economic Fallout

Posted on October 5, 2020 by D. Posnett MD

Guestwords in the East Hampton Star: Trump’s Economic Fallout for Suffolk County and Long Island By John Tepper Marlin and Steven Newman October 1, 2020 President Trump’s three main economic initiatives have been radical 2017 cuts in taxes (at the … Continue reading →

Posted in Coronavirus, East Hampton, economics, economy, jobs, long island, stimulus, stock market, swamp, Tax Reform, Trump, Zeldin | Tagged , , , | 1 Comment

Lee Zeldin’s Record

Posted on June 11, 2020 by D. Posnett MD

No matter where you live — Montauk or Manorville, Smithtown or Shirley, Patchogue or Port Jefferson — we all want our communities to thrive. To do that, we need a representative who puts our needs first: safe drinking water and … Continue reading →

Posted in Coronavirus, East Hampton, economics, Health Care, immigration/deportation, Medicaid, medicare, Trump, Uncategorized, Zeldin | Tagged , | Leave a comment

Lowe’s or Home Depot? Your call.

Posted on June 10, 2020 by D. Posnett MD

Marvin Ellison, is the CEO of Lowe’s Lowe’s announced Wednesday that it would assist minority-owned businesses with $25 million in grants to support efforts to relaunch the American economy. Lowe’s is dishing out the funds to help small businesses, especially home … Continue reading →

Posted in Coronavirus, economics, economy, Uncategorized | Tagged , | 6 Comments

When the Forgotten Remain Forgotten, no one is Secure

Posted on April 26, 2020 by D. Posnett MD

The Covid-19 pandemic is putting the deepening class divide in America into stark relief. Four new classes are emerging. The Remotes: These are professional, managerial, and technical workers – an estimated 35% of the workforce – who are putting in … Continue reading →

Posted in Coronavirus, economics, economy, Health Care, jobs, Labor, long island, Poverty, Trump, Uncategorized, Zeldin | Tagged , , , , , , , | 2 Comments

“I am a Tariff Man” and Credit for the Stock Market

Posted on December 26, 2018 by D. Posnett MD

  US stock markets fell sharply on Tuesday as investors lost faith in a trade truce between the US and China that had been negotiated by Donald Trump at last week’s G20 summit.   On September 8th, 2018 I wrote: … Continue reading →

Posted in economics, economy, stock market, Trump, Uncategorized, Zeldin | Tagged , , , , , , | Leave a comment

New York’s Suffolk County Economy: Not so Hot?

Posted on September 8, 2018 by D. Posnett MD

Representative Lee Zeldin likes to claim that he has contributed to a “booming” economy resulting in jobs in his district (the eastern part of Suffolk county). Lets examine this for a minute. First, jobs This is the graph of unemployment since … Continue reading →

Posted in economics, economy, Employment, Labor, long island, Trump, Uncategorized, Zeldin | 2 Comments

Zeldin Supports GOP Shenanigans

Posted on July 16, 2018 by cdsprings

Published as Letter to Editor, The East Hampton Star Fiscal Chicanery July 10, 2018 Dear David, If you are under any illusions about congressional Republicans’ intentions to undermine the financial security of American families, just take a look at their … Continue reading →

Posted in budget, Congress, democrats, economics, GOP, medicare, Social security, Tax Reform, Uncategorized, Zeldin | 2 Comments

Local Economy Dependent on Immigrants

Posted on May 25, 2018 by D. Posnett MD

Recent reports describe  increased round up of latinos. Along with suspected “bad guys” ICE is sweeping up many more innocent undocumented workers.  This was highlighted by the latest Trump visit to Long Island and Lee Zeldin’s cheer leading.  Read more … Continue reading →

Posted in Discrimination, economics, economy, Employment, immigration/deportation, long island, Trump, Uncategorized, Zeldin | Tagged , , | Leave a comment

Jobs? Where are they?

Posted on May 2, 2018 by D. Posnett MD

From: John Tepper Marlin, Ph.D., President, Boissevain Books LLC,  Principal, CityEconomist WHERE ARE THOSE GREAT NEW JOBS FOR LONG ISLAND THAT TRUMP AND ZELDIN PROMISED These figures were released this morning by the Bureau of Labor Statistics. They are for Nassau and … Continue reading →

Posted in economics, economy, Employment, jobs, Labor, long island, Trump, Uncategorized, Zeldin | Tagged , , , , | 1 Comment

The Republican Tax Scam

Posted on December 2, 2017 by D. Posnett MD

By Saumya Narechania, National Issues Campaign Manager, Organizing for Action Yesterday’s tax scam will go down as one of the most shameful acts in Senate history. In a single bill — finalized Friday night (Dec 1, 2017) in scribbled handwriting, … Continue reading →

Posted in economics, economy, Tax Reform, Uncategorized, Zeldin | Tagged , | 1 Comment

Why are Drug Prices Going Through the Roof?

Posted on December 1, 2017 by D. Posnett MD

By Francesca Rheannon, Journalist Writer’s Voice with Francesca Rheannon, Producer and Host Twitter Accounts: @WritersVoice On Facebook & LinkedIn http://www.writersvoice.net/2017/11/wendell-potter-gerald-friedman/ Why are drug prices going through the roof? We talk with Wendell Potter about Big Pharma and what his new investigative journalism site, Tarbell, is … Continue reading →

Posted in economics, Health Care, medicare, Seniors, trumpcare, Uncategorized | Tagged , , , , | Leave a comment

Nassau-Suffolk continues to Lag Well Behind New York City in Job Growth.

Posted on October 20, 2017 by D. Posnett MD

Submitted by John Tepper-Marlin New York State Department of Labor Contact Us: 518-457-5519 October 19, 2017 NYS Economy Added 84,400 Private Sector Jobs over the Past Year From September 2016 to September 2017, New York State’s private sector job count … Continue reading →

Posted in economics, Trump, Uncategorized, Zeldin | Tagged , , , | Leave a comment

Short Hospital Stocks!

Posted on October 10, 2017 by D. Posnett MD

I have been waiting for this:  Wall street is jittery about Hospital stocks.  Here is why: (1) Investors are approaching hospital stocks cautiously As  Les Masterson   has said: “Some unfavorable financial trends and an air of uncertainty for healthcare’s future … Continue reading →

Posted in economics, economy, Health Care, trumpcare, Uncategorized, Zeldin | Tagged , , , , , | 2 Comments

Tax Cuts for Oligarchs

Posted on September 29, 2017 by D. Posnett MD

Letter to the East Hampton Star published Sep. 28, 2017 There is so much in the news today about oligarchs. Do most readers know who or what they are? “Siri,” I asked into my iPhone, “what is the definition of … Continue reading →

Posted in economics, economy, Tax Reform, Trump, Uncategorized, Zeldin | Tagged , , , , | Leave a comment

Republicans are victims of a discredited economic ideology

Posted on July 10, 2017 by bcolbath42

Posted on Brookings.edu Isabel V. Sawhill Friday, July 7, 2017 Editor’s Note:This article originally appeared in Real Clear Markets on July 7, 2017.   Sometimes people do inhumane things. The Senate health care bill is a case in point. It denies … Continue reading →

Posted in economics, GOP, Health Care, Trump | 1 Comment