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Retail Vacancies Spike In New York City

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As New York City ’s vacancy rate has skyrocketed by nearly 50 percent, a report released by City Comptroller Scott Stringer showed that the amount of empty retail space in the city has doubled in the last 10 years or so. He added pointed to increasing rents, “regulatory hurdles” and property tax hikes.

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Five At Five: France Aims To Tax Big Tech

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Today’s coverage includes the latest European push to tax such companies as Google, Apple, Facebook and Amazon. France’s Finance Minister Wants EU-Wide Digital Tax By Year End. The new tax would apply to Google, Apple, Facebook and Amazon so that they are paying what the government sees as a fairer tax rate in the region.

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NYC Sees 40 Pct Hike In Bankruptcies As Office Workers, Tourists Stay Home

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Bankruptcy filings are surging in New York City with almost 6,000 closures, representing a 40 percent increase, according to Bloomberg , and it's forecasted to keep getting worse.

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Berkshire’s Munger Weighs In On ‘Stupid’ Tax Policies … And Much Else

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In a series of commentaries at the annual shareholder meeting of the Daily Journal, Munger said that some states — including California, Connecticut and New York — have been “stupid” as they have driven wealthier individuals away amid onerous tax and regulatory policies. In addition, some politicians, such as New York Rep.

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NYC's FAO Schwarz Toy Store To Be Airbnb Host

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New York City's famous FAO Schwartz store will be listed on Airbnb for someone to stay in for a night on Dec. The booking will only be available for one New York City family of four, all living under the same roof, for just $25 plus taxes. 21 this year, Radio.com reports.

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$500M Rescue Plan Considered For Debt-Burdened Taxi Drivers

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A New York City-appointed panel is seeking a $500 million bailout to help taxi drivers trapped in unscrupulous medallion loans, The New York Times reported on Wednesday (Jan. State and city leaders are planning to announce legislation on Friday (Jan.

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Barclays Report: Despite Weak IPOs, Uber And Lyft Can Be Profitable

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A new report from Barclays Capital about transportation in New York City says Uber and Lyft can achieve profitability in the future despite their poor initial public offering (IPO) showings this year, according to a report by Bloomberg. .