Financial Focus: What Wrestling Can Teach Us about the Coronavirus, Economy, Your Job & You

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

By Síle Moloney

Just over a quarter million New Yorkers have tested positive for COVID-19 as of Apr. 20 and it’s not over yet. 14,828 have died. Make no mistake. This is a tragedy. Aside from the loss of life, this crisis will forever leave a legacy – the trauma carried by all those who were unable to say goodbye, the horror of discovering bodies in the homes of those who died alone. How can we make sense of it? Some positives may be salvageable. Not only did the pandemic give rise to a statewide centralized care plan, involving both public

Andrew Saul, the U.S. social security commissioner, launched an appeal on Apr. 21 to social security beneficiaries who have dependents, and who do not file tax returns to take action in order to receive an additional payment of $500 per child, in addition to the automatic $1,200 individual payment. “Social Security beneficiaries and Supplemental Security Income (SSI) recipients who don’t file tax returns will start receiving their automatic Economic Impact Payments directly from the Treasury Department soon,” Saul said via a press release. “People receiving benefits who did not file 2018 or 2019 taxes, and have qualifying children under

By Síle Moloney

New York City Mayor Bill de Blasio assured Bronxites that no New Yorker would go hungry during the COVID-19 pandemic when he paid a visit to the Kingsbrige Armory on Saturday, Apr. 18, along with Bronx Borough President, Ruben Diaz Jr., and number of other City agency officials. “My message today is simple,” he said. “We will not let any New Yorker go hungry – period. If you need food, we will get it to you.” The armory has been transformed into a temporary food distribution center, one of eight set up in recent weeks all over the City

By JOSÉ A. GIRALT

Beyond addressing the immediate public health concerns brought on by the spread of COVID-19, NYC agencies are also reaching out, through virtual town hall meetings, to inform workers across the City that their rights have not been suspended, even if they are undocumented immigrants. In a town hall meeting streamed on Zoom and Facebook Live on Tuesday, Apr. 14, officials from four City agencies outlined the resources available to immigrant communities while the statewide PAUSE order is in effect. In addition to answering employment-related questions from workers, City representatives provided information on the public charge rule, NYC

By SÍLE MOLONEY

Just like her neighbors, 74-year-old Norwood resident, Silvya Parodi relies on the leafy surroundings of Mosholu Park for her physical and mental well being. Prior to the enactment of Gov. Andrew Cuomo’s statewide PAUSE order, the vast, tree-lined, green zone served as a welcome sanctuary from the City’s daily hustle and bustle. When the shelter-in-place restrictions came into effect in March, that lifeline to nature became even more vital to Parodi, and a local community craving some semblance of normalcy amid the COVID-19 pandemic. “Sometimes I go sit in the park and talk to some old person that is

The Department of Environmental Protection has scheduled a water shutdown for Monday, Apr. 20, 2020 to complete water main repairs on East 204th Street between Grand Concourse and Valentine Avenue. The shutdown hours are anticipated to be from 8:00 a.m. to 4:00 p.m., with impacts expected to be minimal. *An earlier version of this story cited Monday, Apr. 4 as being the date of the water shutdown. Apologies.

De Blasio Announces Budget Cuts but Prioritizes Health, Safety, Shelter and Access To Food

By Síle Moloney

Mayor Bill de Blasio released New York City’s Executive Budget for Fiscal Year 2021 (FY21) on Thursday, Apr. 16. The budget prioritizes health, safety, shelter and access to food for all New Yorkers, and outlines the spending cuts that will be made to other services to address revenue shortfalls and budget gaps. The mayor said, via a press release, that the cuts, detailed in the so-called Program to Eliminate the Budget Gap (PEG), would be temporary, that there would be no gap in “necessary” services, and that the budget plan would be reevaluated by officials over the course of

Bronx (Fordham Rd), West Farms, and Hunts Point Workforce Career Centers are currently closed, but have launched virtual services to help job seekers during this time. Workforce1 helps New Yorkers prepare for and connect to jobs across New York City’s five boroughs in every sector of the economy. Through their Virtual Workforce1 Career Center system, the career centers can connect candidates via web or phone to one-on-one help from professionals, including help with the following: Job Opportunities Individual Career Advice Resume & Interview Preparation All of the services are provided at no cost and do not require