NY mulls minimum wage hike — State grant recipient sued — Incomes rise 0.5% in Dec.
Good Monday morning! Inside Track is back after a bit of a hiatus and looking leaner: we're going to try to keep our daily posts under 300 words so you can get the news and get on with your day.
LEADING OFF: NY Assembly Democrats, led by Speaker Sheldon Silver (D-Manhattan), are pushing to raise the state's minimum wage 17 percent, from $7.25 to $8.50. Thus far, Gov. Andrew Cuomo has reserved comment, but is expected to support such a measure.
PERSONAL INCOME UP: Income rose 0.5% in December, the Commerce Department reported today, the strongest growth in nine months, while consumer spending was unchanged from November to December.
SAN-MAR SUED: San-Mar Laboratories Inc., based in Elmsford, is being sued by a supplier after receiving a $5 million state grant last fall. See this story and more Westchester business news at Westfair Online.
QUICK HITS: Florida holds its Republican presidential primary tomorrow, where Mitt Romney has opened a double-digit lead in the polls over Newt Gingrich; the Federal Reserve last week said it would extend its commitment to keep rates low through 2014, underscoring the continued fragility of the U.S. economy; a federal judge last week set June 26 as New York's primary date; the Senate is likely to vote on Sen. Kirsten Gillibrand's insider trading bill this week.
This entry was posted in Daily Update and tagged Assembly Speaker Sheldon Silver, federal reserve, Gov. Andrew Cuomo, minimum wage, personal income, San-Mar Laboratories, Sen. Kirsten Gillibrand by nyinsidetrack. Bookmark the permalink.