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Wall Street ‘Pandemic Boom’ Ends, Sending Impact To New York’s State Budget

Wall Street continues to make money, but a report released Tuesday by New York state Comptroller Thomas DiNapoli’s found that the “pandemic boom” investment firms have enjoyed for the last couple of years is officially over. test How big was Wall Street’s boom over the past two years? The profits generated by securities firms over the previous two years were $109 billion. In the five years before that, those companies reported profits of $112 billion. The comptroller cited higher interest rates, 40-year highs in inflation and “geopolitical uncertainty” for causing ...

New York Tax Climate, As Usual, Drags In Near The Rear

Thanks to its complex tax policies, New York found itself once again near the bottom of the rankings in the Tax Foundation’s 2023 State Business Tax Climate Index. For the fifth straight year, the Empire State came in next to last in the annual study, which the public policy nonprofit group released earlier this week. As has been the case since 2019, only neighboring New Jersey kept New York from hitting the bottom. The Tax Foundation uses the index to review how each state structures its various tax systems. That includes levies on businesses and individuals as well as taxes on ...

Jamestown Man Charged After Dunkirk Traffic Stop

A traffic stop early Tuesday led to drug and weapon charges against a Jamestown resident. City officers report that around 1:13 a.m., they stopped a vehicle in area of West Fourth and Lark streets. The operator, identified as Anthony Alvarez-Luna of 633 E. Second St., Jamestown, was charged ...

Five Hurt As Patrol Car Hits Buggy

CHAUTAUQUA — A Sheriff’s Department vehicle struck an Amish buggy on Sunday injuring five people. The patrol car was traveling northwest on the Stockton-Hartfield Road when it ran into the rear of an Amish Buggy traveling in the same direction at approx 9:01 p.m. on the unlit road in the 55 mph zone. The buggy was heavily damaged and the horse had to be destroyed due to injuries. The five people in the buggy were transported to Jamestown UPMC for injuries. The deputy was not hurt. Several Fire Departments and the County Medic Unit were dispatched to the scene due to the number of ...

Halloween Warning: Beware Rainbow Fentanyl Pills Hidden In Candy Boxes

From coast to coast – from California to New York, from Texas to Florida – law enforcement officers are warning parents about rainbow fentanyl pills being hidden in candy boxes ahead of Halloween. The pills look like candy but are laced with illicit fentanyl intended to kill children and ...

Put Your Money Where Your Heart Is

If you don’t like the way the world works right now, don’t forget the difference just one person can make. Think of all the solo heroes who have changed the world and changed the way we live. I’ve decided to make some changes in the way that I live so that my actions conform to my values. Supporting local businesses is high on that list, including banking with local banks not associated with the “too big to fail” banks. Jamestown has a few good credit unions to choose from with all the amenities of a national bank and insurance to back up deposits. Another choice I’m ...