![]() The New York Times discovers school-lockdown learning loss - three years late ![]() ![]() Randi Weingarten lies, lies and lies again about closing schools during COVID © 2023 NYP Holdings, Inc.Huffington Post reporter targets Israel, Hillary Clinton gaslights on heat-related deaths and moreīlame US kids’ learning loss on Randi Weingarten & Tony Fauci The economic and political price would be severe since so many New Yorkers know what Cuomo and de Blasio ignored in 2020 non-lockdown states (Florida and Texas) fared better from a business standpoint and not drastically different from a COVID standpoint than we did. Good thing for New Yorkers that bank execs give low odds of a second harsh lockdown. And it’s something every big firm is planning to address with possible delayed reopenings, even if publicly they will tell you there are no “plans” to change course. One worry at the banks is that the dynamic duo do it again, returning us to business closures or something less Draconian but still destructive to large businesses like massive indoor-mask mandates. Andrew Cuomo can easily shut down Midtown Manhattan with another mask mandate.īoth deserve low marks for the harsh lockdowns that turned a nearly deserted Midtown Manhattan - the epicenter of our business community - into a playground for criminals and the homeless last year and continue to hamper our recovery now. While hospitalizations from COVID-19 remain low, Gov. Cuomo to muck things up for at least 18 more months. Comrade Bill de Blasio won’t be mayor this time next year, but he officially doesn’t leave office until January. So-called breakthrough cases result in mild or no symptoms.īut there’s always a “but” when it comes to the public-policy response of our elected officials, particularly here in New York. Those admitted to area ICUs are mostly unvaccinated, while most Wall Street workers got the shot. On the positive side of the Delta outbreak, New York City area hospitalization levels remain low. Morgan Stanley wants its people back in the office by Labor Day. Goldman and JPM are demanding that many employees return immediately. Each firm has instituted the most rigorous back-to-office mandates in corporate America. Yes, there is a reason why JPMorgan, Goldman Sachs and Morgan Stanley - the banks with the strictest return-to-work policies - are the crème de la crème of Wall Street.Įach has a culture of teamwork and excellence, and the people running the banks know both are difficult to achieve with Zoom meetings. I want to underscore the word “reluctantly” because the CEOs of the banks that have begun to tell their employees to get back to the office really do want to keep it that way. Pool/AFP via Getty Images AFP via Getty Images Getty Images for New York Times Cuomo and Mayor de Blasio could derail the turnaround. Big-bank CEOs including (from left) Jamie Dimon, David Solomon and James Gorman - who are helping lead NYC’s economic comeback - fear the Delta variant and stifling new mandates from Gov. That means there’s a real possibility that the New York financial industry - the economic engine of the state and in many ways the country - could crawl back into its 2020 fetal position and delay returning to the office until well into the fall or possibly next year, senior execs at these firms reluctantly concede. And also a somewhat less obvious one: The propensity of elected officials here to screw up the public-policy response to the virus. Word on the street is the CEOs of the big banks are growing anxious for an obvious reason - the rapidly spreading Delta variant of the coronavirus. The financial industry - a major driver of the city’s economy - was slowly bringing its people (and their hefty salaries) back to the office to spread the wealth of a booming stock market to local businesses. Lots of us have received the vaccine, and Wall Street’s biggest firms (JPMorgan, Morgan Stanley, Citigroup, Bank of America and Goldman Sachs) have been boasting about their own form of herd immunity, with around 90 percent of their workforces vaccinated, senior execs at the firms tell me. It was supposed to be the summer when things returned to at least “kinda normal” here in the Big Apple. ![]() Wall Street's top cop needs to stop spinning the SEC's wheels and end meme stock insanity Budweiser's Power Slap venture is a knuckleheaded bid to turn its brand around after Dylan Mulvaney fiascoįeminist leaders, Democrats are radio silent on the rape, torture of Jewish womenĮlon Musk has a big X on his back as Bob Iger pulls ads from platformĮlon Musk has a target on his back as Media Matters adds to X drama
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