Financial Focus: Are We In For An Economic Crash?

By PROF. ANTHONY RIVIECCIO, MBA, PFA

So what is inflation? In simple terms, it is prices going up. In longer term measures, it is defined as a sustained increase in the general level of prices for goods and services in a county, and is measured as an annual percentage change. Put differently, as inflation rises, every dollar you own buys a smaller percentage of a good or service. How do we measure it: through a tracking stock called the Consumer Price Index (CPI). According to our government, the Bureau of Labor Statistics uses this CPI value to track inflation on a monthly and annual basis. According to

Neighborhood Notes: Free Immigration Service

Free Graffiti Cleanup “Guerinos Against Graffitti” is offering one military veteran free graffiti removal in honor of Memorial Day. Those eligible be a US military veteran who was honorably discharged and wounded in combat. Applicants must submit their photo standing next to their property. Send submissions to ssg.nag@gmail.com. For more information, call (718) 600-2570. Free Immigration Service West Bronx Housing, 220 E. 204th St., provides free basic immigration services. They offer application assistance for citizenship, permanent residence Green Card applications, renewals, and other basic services. Clients can bring an interpreter, if necessary. For more information, call (718) 798-0929 to make an appointment

By DAVID CRUZ

Storeowners along two commercial corridors in Norwood and Bedford Park can expect to see even more help from Mosholu Preservation Corporation (MPC) over the next few years. The 37-year community development group affiliated with Montefiore Health System received a three-year, $100,000 grant from the New York City Small Business Services (SBS) for the hiring of a project manager to build a greater organization among the East 204th Street-Bainbridge Avenue Merchants Association and the Webster Avenue Merchants Association. The two respective commercial strips found in Norwood and Bedford Park comprise a mix of mom and pop and regional business. “We are

Crime File: Robberies in Norwood and Kingsbridge

By MARTIKA ORNELLA

Attempted Theft Police are asking for the public’s help in finding a man who tried to steal a man’s wallet in a Kingsbridge Heights bodega. Police say it happened at 111 E. Kingsbridge Rd. on April 30 just after 10 p.m. Video surveillance the would-be thief standing at the front of the store ready to buy something, when the would-be thief lunges for the man’s wallet, and immediately taking off. The would-be victim chased him out the store. The wallet was soon recovered. The suspect is described as black, tall, last seen wearing a white hoodie with a black cap.

COMMUNITY BOARD 7 will hold its general board meeting at Mosholu Montefiore Community Center, 3450 DeKalb Ave., on May 22 at 6:30 p.m. CB7 committee meetings are held on the following dates at the board office, 229 E. 204th St., at 6:30 p.m. unless otherwise noted: Executive Committee meets on May 17. For more information, call the board office at (718) 933-5650.

For Artists, a Space to Connect

By MARY MELLON

Dorothy, a resident at Serviam Gardens senior living facility, sits at one of the rectangular tables spaced across the room while attending art class. Working from a photograph, she carefully delineates the outline of a building in pencil, the lines light enough so that they will disappear when she colors the image later. “I was going through some problems and I didn’t know how to solve them and somebody introduced me to painting,” Dorothy explains. She does not break eye contact with her work to talk, but something about her posture suggests attentiveness. “I learned to like it and I

Editor’s Pick Wellness Fair The public is invited to a Wellness Fair sponsored by Mosholu Preservation Corporation, NYC Department of Small Business Services, and Friends of Mosholu Parkland, at Frisch Field, Webster Avenue and Botanical Square (East Mosholu Parkway South), on May 19 from noon to 4 p.m. Events include games, fun activities, music, refreshments, treats, and more. For more information, call (718) 324-4461. Onstage Lehman College, 250 Bedford Pk. Blvd., W., presents free Spring Musical, “When I Get to Where I’m Going ’18,” May 10 at 11 a.m. and 7 p.m. and May 11 at 11 a.m.; all in

Parking Pains: The Aggravation of Parking as Told by Residents

By MARTIKA ORNELLA

Yajaira Adorno recalls sleeping in her car with her children on one of the many nights she couldn’t finding parking in Norwood. “I’ve circled for hours on a regular basis. I would say I did it for a good five years. Every day I would get home and I’d spend an hour, every single day after work, looking for parking,” Adorno said. Adorno is one of 11 respondents to a Norwood News survey asking local residents to share their experiences with parking in the neighborhood. Some cited illegally reserved spaces, double-parking, and abandoned cars taking up otherwise free spaces as

SEE PICTURES: Oliver Place Gets Much-Needed Cleanup

By DAVID CRUZ

Cleanup crews were all in for a cleanup job at the corner of Oliver Place and Decatur Avenue. The troubled grounds have been quite the eyesore for the neighborhood over the last few decades, as many treat it as a dumping ground. Teams from the nonprofit group FEDCAP were on hand, as well as employees of Councilman Ritchie Torres, whose 15th Council District covers the Bedford Park lot. Torres’s office allocated $100,000 for the cleanup crew. Some items collected included bicycle wheels, parts of a fan, and small wooden planks. But just where the trash is coming from bewilders Joe