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Business & Economy

Debt Crisis Clouds Puerto Rico’s Future

Puerto Rico defaulted this week on the first $400 million of more than $70 billion worth of debt.

Senate Budget Committee Hears About Human Services Programs

Lawmakers heard testimony about programs such as homeless assistance, SNAP and Return Home New Jersey during a budget hearing.

AC Mayor Announces $1.8M Bond Payment, Opposes State Takeover

Atlantic City Mayor Don Guardian announced the city made a $1.8 million bond payment and will continue to operate. He said he opposes the state takeover Gov. Christie and Senate President Steve Sweeney want and prefers a plan from Assembly Speaker Vincent Prieto.

Newark Mayor, Residents Protest Port of Newark Hiring

Newark Mayor Ras Baraka led a group of protesters at the Port of Newark for what they say is the denial of full-time jobs to Newark residents. The International Longshoremen’s Association and the New York Shipping Association says that's not the case.

Reentry Program Helps Find Jobs, Housing for Prisoners After Release

The Greater Newark Conservancy’s Prisoner Reentry Initiative aims to make the transition from jail to community easier.

Christie Talks AC, Minimum Wage, Pensions to South Jersey Chamber

Gov. Christie gave a speech to the Southern New Jersey Chamber of Commerce where he discussed Atlantic City's financial situation, the danger of raising the minimum wage and the spiraling costs of public pensions.

Newark Mayor, Governor Blame Each Other for School Trouble

Newark Mayor Ras Baraka blames Gov. Christie and state management for the $72 million budget hole facing the city's school district and a proposed 10.3 percent school tax increase. Christie says the schools are failing despite getting hundreds of millions of dollars from taxpayers.

Dispute Over Affordable Housing Obligations

Municipalities have hired a consulting firm to fight the Fair Share Housing Center on affordable housing obligations.

Massive Rally Shows Union Support for Striking Verizon Workers; Management Unimpressed

Union members from around New Jersey and politicians gathered at the State House to rally against Verizon. The company hasn't scheduled any talks since workers went on strike two weeks ago.

Yankee Fans with Comcast Can’t Watch Games

It’s been five months and 17 games since the YES Network -- the cable channel dedicated to all things Yankees -- went dark for Comcast customers. The network and cable provider are involved in a dispute over money.