CURRENT COMMENTARY: How Unemployment Benefits Discouraged Job Creation By LARRY M. ELKIN

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People generally do what you pay them to do. If you pay them to work, they work; if you pay them not to work, they don’t. I am not the first person to make this observation, nor is this the first time I have made it. But a recent study by the Federal Reserve Bank of New York puts an …

eHeziCURRENT COMMENTARY: How Unemployment Benefits Discouraged Job Creation By LARRY M. ELKIN

Astorino Proposes 2015 Budget – No Tax Levy Hike

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$1.76 Billion Spending Plan Delivers Essential Services and Keeps Headcount Flat WHITE PLAINS, NY — November 10, 2014 — For the fifth consecutive year, County Executive Robert P. Astorino has proposed a budget that delivers essential services without raising the tax levy. Astorino’s $1.76 billion proposed budget for 2015 keeps spending below the rate of inflation, maintains staffing, and holds …

eHeziAstorino Proposes 2015 Budget – No Tax Levy Hike

When Fantasy Sports Get Real By ReKEITHEN MILLER

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Photo by and courtesy of Rod Pearcy. The banter on Sunday morning football shows is often peppered with discussions of whether a player’s “stock” is rising or falling. A new company is banking its future on whether investors are willing to put up cash to make those discussions much more literal. Fantex promises sports fans a chance to invest in …

eHeziWhen Fantasy Sports Get Real By ReKEITHEN MILLER

CURRENT COMMENTARY: The High Tax Cost Of Not Living In New York By LARRY M. ELKIN

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  The New York State Court of Appeals building in Albany. Photo by Flickr user wadester16 The New York State Department of Taxation and Finance has taken a peculiar position in the wake of a Court of Appeals decision that curtailed its power to declare a taxpayer a resident of the state. The agency responsible for enforcing the Empire State’s tax …

eHeziCURRENT COMMENTARY: The High Tax Cost Of Not Living In New York By LARRY M. ELKIN

Hudson Valley Bank On the Block By HEZI ARIS

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YONKERS, NY – October 24, 2014 — John Seward, a Benzinga* Staff Writer early this afternoon divulged that the Yonkers, New York- based Hudson Valley Holding Corp. (NYSE: HVB), which operates in Westchester County is on the auction block according to sources unnamed, but cited by Bloomberg, the premier business and financial market news site. Hudson Valley recently traded at …

eHeziHudson Valley Bank On the Block By HEZI ARIS

PUBLIC POLICY: The Changing Face of the Low-Wage Labor Market By Prof. OREN M. LEVIN-WALDMAN

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Over the last three decades along with the various structural changes that have taken place in the economy, we can say that the face of the low-wage labor market has also changed. It used to be that the low-wage labor market characterized by unskilled labor as perhaps reflected by the percentage of high-school dropouts was extremely high. Three decades later, …

eHeziPUBLIC POLICY: The Changing Face of the Low-Wage Labor Market By Prof. OREN M. LEVIN-WALDMAN

CURRENT COMMENTARY: A Sarbanes-Oxley Fish Story By LARRY M. ELKIN

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It sounds like the setup for a joke: When do you apply accounting law to a fish? The question is real, however, and under consideration by the Supreme Court. The statute in question is the Sarbanes-Oxley Act, sometimes referred to as SOX, which became law in 2002. It set new standards and modified existing ones for U.S. public companies, their …

eHeziCURRENT COMMENTARY: A Sarbanes-Oxley Fish Story By LARRY M. ELKIN

FINANCIAL PLANNING: Beware of Shark Tank Investing – Private Companies Are Too Risky By BENJAMIN SULLIVAN

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For a billionaire like Mark Cuban, a regular on the TV show Shark Tank, investing in a private company is okay. But not for almost everyone else. Stick to a diversified portfolio of public investments. When Cuban gives a company $1 million, that’s less than 0.05% of his net worth. Someone worth $1 million would have to invest less than …

eHeziFINANCIAL PLANNING: Beware of Shark Tank Investing – Private Companies Are Too Risky By BENJAMIN SULLIVAN

FINANCIAL PLANNING: New IRS Rule Can Make Big Difference in 401(k) Contributions By ERIC MEERMANN

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  Separating Pretax, After-Tax Contributions in Rollovers Lets People Put More in Roth IRA—Regardless of Income People who’ve made both pretax and after-tax contributions to their workplace retirement plan can now easily separate them when rolling them over to traditional and Roth IRAs, thanks to a recent IRS ruling. It can make a big difference for some. A big advantage …

eHeziFINANCIAL PLANNING: New IRS Rule Can Make Big Difference in 401(k) Contributions By ERIC MEERMANN