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49°
Monday, feb 3
Tag:
Economic Impact
News
Mass Deportations Could Lead To Salary Increases In These States, Including NJ
Mass deportations could significantly impact wages in states heavily reliant on foreign labor, according to new research. An Oxford study suggests that removing a substantial number of immigrant workers may lead to labor shortages, compelling employers to increase salaries to attract native-born workers, Newsweek reports. The states most likely to be affected are New York, New Jersey, California, Florida, and Texas, the report said, because those states have large immigrant populations and economies that depend on foreign labor in sectors such as agriculture, construction, and hospita…
Lifestyle
Taylor Swift's Financial 'Strategic Genius' Examined In New Harvard Business Review Book
Taylor Swift created a huge economic impact with her record-breaking Eras Tour and a new book from Harvard Business Review will look at the pop star's financially savvy vision. "There’s Nothing Like This: The Strategic Genius of Taylor Swift" will be released on Tuesday, Apr. 8, the Harvard Business Review announced on Tuesday, Jan. 28. It was written by senior editor Kevin Evers, the author of several bestsellers, including books on digital disruption and marketing. The Eras Tour grossed more than $2 billion and generated a $10 billion economic impact on local economies, acc…
News
Blue Law Blowout: American Dream's Sunday Operations Ignite Legal Firestorm In Bergen County
A fierce debate has erupted over Sunday retail operations at the American Dream Complex in East Rutherford, as Bergen County officials accuse the mall of violating the county’s long-standing Blue Laws. Meanwhile, American Dream’s leadership and supporters argue that Sunday sales are essential to the region’s economy and tourism goals. The Blue Laws, enacted in 1951, ban the sale of items like clothing, household furnishings, and office supplies on Sundays across Bergen County. However, American Dream’s stores have been open on Sundays for nearly a year, with one exception: retail closures du…
Business
East Coast Ports Dodge Shutdown As Dockworkers Reach Tentative Six-Year Deal
Dockworkers and port companies have come to a tentative agreement on a new six-year deal, avoiding another work stoppage that would cause major shipping disruptions along the East Coast. The International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) announced the tentative agreement in a joint news release at night on Wednesday, Jan. 8. The deal aimed to avoid another potential strike on Wednesday, Jan. 15. The ILA and USMX agreed to extend the current master contract until ILA representatives can convene for a ratification vote and USMX members can final…
News
Longshoremen Strike: Hundreds Of NJ, NY Dockworkers On Picket Lines
Thousands of longshoremen along the East and Golf coasts are on strike in a move that could heavily impact the economy and make it harder to get goods and services. In Elizabeth, NJ, the strike began on Tuesday, Oct. 1 outside Maher Terminal where hundreds of dockworkers rallied. CBS News, citing the Port Authority of NY and NJ, said most operations have been shut down due to the strike. Daily Voice has reached out the Port Authority for comment. The Port Authority said it has been working closely with the commercial trucking industry to ensure cargo containing essential goods, medical sup…
Business
NJ Mayors Want Murphy To Reopen Indoor Malls, Shopping Centers
A group of New Jersey mayors have formed a coalition in hopes of persuading Gov. Phil Murphy to reopen indoor malls. Woodbridge Mayor John E. McCormac is helming the coalition of mayors, all of whom have large indoor mall and shopping centers in their municipalities. All New Jersey malls and shopping centers closed on March 17 due to the coronavirus outbreak. On May 18, the state allowed non-essential retail stores to offer curbside pickup. As the state begins to enter stage two of the multi-phase reopening plan on June 15, Murphy has said stores in the mall with direct access …
Business
Victoria's Secret, Bath & Body Permanently Closing Stores Nationwide
Victoria’s Secret will permanently close about 250 stores in the U.S. and Canada this year, parent company L Brands announced. Ohio-based L Brands did not detail the closure locations, but there are 42 Victoria's Secret stores in New Jersey and 1,000 nationwide. L Brands also announced that 51 Bath & Body Works stores in the U.S. and Canada will close this year. There are 10 Bath & Body stores in New Jersey and 1,635 stores nationwide. The popular retail chain joins others in announcing permanent store closures in recent weeks including J.Crew, Neiman Marcus, JC Pe…
Business
2,704 Tropicana Atlantic City Employees Laid Off
More than 2,700 employees were laid off from Tropicana Atlantic City with state-ordered casino closures extended another month, according to a WARN notice filed with the New Jersey Department of Labor and Workforce Development. Last Saturday, Eldorado Resorts -- which owns Tropicana -- moved to the minimum workforce necessary to maintain basic operations, according to an April 8 report to shareholders. New Jersey's nine casinos were ordered closed along with gyms, concert venues and movie theaters by Gov. Phil Murphy March 16 to help slow the spread of coronavirus. Atlantic City …
Police & Fire
'We Take Care Of Our Own': Port Authority Police Give Back To NJ Rookie's Family Bakery
Times have gotten tough amid the coronavirus pandemic for a popular Union County bakery owned by the family of a Port Authority police rookie. So her colleagues decided to do something about it. This is their story. HEROES: While on duty recently at the Port Authority Police Department command at LaGuardia Airport, Sgt. Brian Vitale learned that rookie PAPD Officer Jessica Vaccaro’s family business -- Vaccaro’s Bakery in Clark -- was facing closure, like many other small businesses currently struggling to survive the economic ravages of COVID-19. Not only was this the long-successful busin…
News
New Jersey Walmart Stores Hiring 2,400 Workers To Meet
Covid-
19 Demands
Walmart stores across New Jersey are hiring 2,400 new associates to help keep up with high demands related to the COVID-19 outbreak. Employees are needed for stores, clubs, distribution centers and fulfillment centers in an effort to hire 150,000 nationwide, officials said. The hiring process will be expedited, and the normal two-week process will be reduced to 24 hours for key roles like cashiers and stockers. “We know millions of Americans who are usually employed at this time are temporarily out of work, and at the same time we’re currently seeing strong demand in our stores,” said Doug…
News
Jersey City Rally In Favor Of Licenses For Undocumented Immigrants Planned
A May 1 rally is planned near the Statue of Liberty to express support for pending legislation in New York and New Jersey that would grant drivers licenses to applicants regardless of immigration status. The rally begins at noon at the J. Owen Grundy Pier at Hudson Street /Exchange Place in Jersey City, according to Service Employees Union International 32BJ, a labor union helping organize the event. Immigrant and other labor rights groups are expected to take part. The rally is meant to highlight the benefits of the proposed laws pending in both New York and New Je…
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