Op-Ed, Financial Focus: The Fed Cautiously Believes A Second Half Rebound Is Very Possible

By PROFESSOR ANTHONY RIVIECCIO, MBA PFA

On Sunday, May 17, Jerome Powell, Federal Reserve Board Chair, was interviewed on the TV show, 60 Minutes. “The Fed” is a governmental body in charge of interest rates and money in our economy. President Donald Trump, wanting a new person to lead the Fed, nominated Powell in 2018, but since then, has been critical of his work. Trump has been pushing hard to lower interest rates further while Powell wants to take a more moderate approach. Then, in February of 2020, the pandemic hit. In Sunday’s interview, Powell said that the pandemic is the biggest threat to

By Ndeye Thioubou

I am Ndeye Thioubou. I’m 17 years old, and a first generation Senegalese American. As a rising sophomore, I knew I wanted to do something with my summer. An internship and other summer programs would be difficult to secure because I had only finished my first year of high school. So, I applied to the only option I knew about: NYC’s Summer Youth Employment Program. Some summer experiences are unpaid, which means students have to choose between compensation and the value of a summer job. But with a simple lottery you can get both through SYEP and also choose

The City will open 12 more miles of streets and an additional nine new miles of temporary protected bike lanes to pedestrians and cyclists starting tomorrow, May 14. The combined 21 new miles brings the City total to 30 miles of Open Streets since the program was announced on Apr. 27.

Op-Ed, Financial Focus: The New Normal – The Coronavirus Investing Fund

By PROFESSOR ANTHONY RIVIECCIO, MBA PFA

My job as a financial advisor today is most interesting. The questions are abundant. What should I do about the stock market? Why is my 401(k) down? How can I increase my bank balance? If I could, we would throw away all the past logic, and we did! Today, “the new normal” begins. But what is this “new investing normal”? For one thing, it’s understanding that we live in a new economy, a stay-at-home work economy which we recognized, at one time, as self-employment or entrepreneurship. This will represent 15-20% of our economy. Some people will prefer to

Despite the prevailing PAUSE order and the economic hardship that many residents are facing right now, daily life goes on in other respects, and may require the provision of certain notarized documents. This could cover anything from marriage certificates to divorce papers, wills to letters of reference, and contracts to power of attorney documents which may be required to access bank records. Anyone wishing to minimize the risk of contracting Covid-19 through a “no contact” notarization service can do so at Remote Notary NY, based in Riverdale. Stephen Reich said the agency is providing a free notary service to

By PROFESSOR ANTHONY RIVIECCIO, MBA PFA

So, you’ve been working from home for how long now? Two months? You’ve had to set up a space in your home, maybe reconfigure or buy an online platform, computer or laptop. I’m sure you’ve had to buy supplies or equipment, and, of course, you’ve used your phone and had lunch every day too. In all likelihood, you’ve probably been working longer hours than usual. Has your employer paid you for those extra expenses? If not, can you write these items off on your taxes? The answer is yes, but first a little history! Prior to 2017, working-from-home costs

By PROFESSOR ANTHONY RIVIECCIO, MBA PFA

So, the kids who are now on “stay home” orders are continuing their education through online learning during the day, but what are they doing with their evenings? I would assume many kids would want to play, and I would presume many parents would want them to do chores! What might be a common denominator? What do kids want just as much as their parents? A job and money! Financial literacy for children during the early stages of life is about teaching them how to earn, value and manage money. So, as parents have been doing for

By David Greene

After a month of quarantine, Norwood residents are adapting to “life in the COVID-19 zone”, as seen in this series of photos taken on Monday, Apr. 20. While many businesses remained open, the lack of crowds on a weekday in April still seemed strange, but signs on shuttered businesses, in car windows, and writing on the sidewalk tells the real story of the COVID-19 pandemic of 2020. Hospital staff and paramedics were shown plenty of love and appreciation from the windows of the Children’s Hospital at Montefiore. While most residents wore masks in public, as required across

By PROFESSOR ANTHONY RIVIECCIO, MBA PFA

The share price for World Wrestling Entertainment (WWE), a publicly-traded wrestling and entertainment company, fell by 40 percent between Jan. 1 and Mar. 11, the latter being the date on which the World Health Organization officially declared the growing spread of the novel coronavirus a pandemic. At that stage, 28 people had died from the virus in the U.S. according to data compiled by Johns Hopkins University, the first confirmed case of COVID-19 in the U.S. having been reported in Washington state in January. Meanwhile, the number of confirmed positive cases in the U.S. had risen to over