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    New N.Y. Law Mandates More Transparency in Credit Card Surcharges

    The state law, which goes into effect Sunday, requires businesses to include any surcharges in the prices listed for the products or services they sell.A new law going into effect on Sunday will require businesses in New York to clearly post the cost of purchasing items with a credit card, including any surcharges being imposed, for customers before checkout.The law, signed by Gov. Kathy Hochul in December, also prevents businesses from imposing more in credit card surcharges than what they are charged by processing companies.Businesses can choose either to solely display the higher credit card price for the products or services they sell or to list both the credit card price and the lower cash price for the items.The new disclosure requirements will “ensure individuals can trust that their purchases will not result in surprise surcharges,” Ms. Hochul said in a statement this week.“Transparency is crucial in building trust between businesses and communities, and now patrons will be empowered to budget accordingly,” she said.In New Jersey, Gov. Philip D. Murphy signed a similar law last year requiring merchants to notify consumers before checkout about the amount of any credit card surcharges to be applied. It also prohibited merchants from charging consumers more than the processing fee the businesses paid.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    The Squeeze on British Businesses Is Not Letting Up Soon

    Company insolvencies hit a three-decade high, with businesses under pressure from high debts, prices and interest rates. The Bank of England held rates steady on Thursday.Britain’s economy faces a bracing fact: The number of companies that folded last year was the highest in three decades.More than 25,000 companies registered as insolvent in 2023, the most since 1993, according to government data published this week. As pandemic-related support measures for businesses ended, the wreckage from years of high debt and interest rates, soaring prices and a cost-of-living crisis become clearer. Insolvencies have spread from small to larger businesses, analysts said.Businesses still dealing with relatively high costs, demands for higher wages, supply chain uncertainties and wavering consumer confidence are hoping for brighter economic times. Slower inflation, stronger growth and cuts to interest rates are expected to come this year, but not soon.On Thursday, the Bank of England held interest rates at 5.25 percent, the highest since 2008, and where they have remained since August, after rising from just above zero in a series of increases over a year and a half.Policymakers said inflation had declined, including wage growth and services inflation, but some measures of persistence remained “elevated.” Two members of the nine-person rate-setting committee voted for a quarter-point rate increase, while one voted for the first time to cut rates.There has been good news on inflation, “but we have to be more confident that inflation will fall all the way back to the 2 percent target and stay there,” Andrew Bailey, the governor of the bank, said on Thursday. “We are not yet at a point where we can lower interest rates.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    The Eugene Weekly Will Resume Printing After Embezzlement Discovery

    The Eugene Weekly was forced to lay off all 10 of its staff members last month after it discovered tens of thousands of dollars in unpaid bills.A weekly newspaper in Oregon that laid off all of its workers in December after an employee embezzled tens of thousands of dollars will resume its print edition on Feb. 8 after raising enough money through donations, its editor said on Sunday.The newspaper, The Eugene Weekly, abruptly stopped printing after it discovered financial problems, including money not being paid into employee retirement accounts and $70,000 in unpaid bills to the newspaper’s printer, leading it to lay off all 10 of its staff members just days before Christmas, its editor, Camilla Mortensen, said at the time.Over the past month, however, Ms. Mortensen has continued publishing articles online with the help of interns, freelancers and retired reporters and editors — many of whom were willing to work without pay to keep the paper afloat — she said on Sunday.As of this week, Ms. Mortensen and three other staff members will be brought back onto the payroll in preparation for the Feb. 8 edition, she said, noting that the return to print was made possible by readers and members of the public who raised at least $150,000 after the financial problems were reported.“With all this support from people, there’s just no way we can’t try — we have to try printing,” Ms. Mortensen said.The theft, leaders of the newspaper said in a Dec. 28 letter to readers, had been hidden for years and left its finances “in shambles.” The paper has hired a forensic accountant to investigate.Leaders of the paper said that while the situation was unprecedented, they believed in the newspaper’s mission, and were “determined to keep EW alive.”The Eugene Police Department could not be immediately reached on Sunday evening for comment about the embezzlement but said previously that it was investigating. The now-former employee accused of stealing, who was involved in the newspaper’s finances, has not been publicly identified.The free paper, founded in 1982, previously printed 30,000 copies each week. Copies could be found in bright red boxes in and around Eugene, Oregon’s third-largest city.Ms. Mortensen, who became editor in 2016 after nearly a decade at the paper, said Sunday that the closure had been painful.“Every time I walk by one of our little red boxes, there’s no paper in it, it stabs me in the heart,” she said, noting that the plan was to print 5,000 fewer copies so that the paper could remain sustainable.“Obviously, this outpouring has been amazing,” she said, “but we also want to go back to being this free weekly paper that pays for itself.” More

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    A Potentially Huge Supreme Court Case Has a Hidden Conservative Backer

    The case, to be argued by lawyers linked to the petrochemicals billionaire Charles Koch, could sharply curtail the government’s regulatory authority.The Supreme Court is set to hear arguments on Wednesday that, on paper, are about a group of commercial fishermen who oppose a government fee that they consider unreasonable. But the lawyers who have helped to propel their case to the nation’s highest court have a far more powerful backer: the petrochemicals billionaire Charles Koch.The case is one of the most consequential to come before the justices in years. A victory for the fishermen would do far more than push aside the monitoring fee, part of a system meant to prevent overfishing, that they objected to. It would very likely sharply limit the power of many federal agencies to regulate not only fisheries and the environment, but also health care, finance, telecommunications and other activities, legal experts say.“It might all sound very innocuous,” said Jody Freeman, founder and director of the Harvard Law School Environmental and Energy Law Program and a former Obama White House official. “But it’s connected to a much larger agenda, which is essentially to disable and dismantle federal regulation.”The lawyers who represent the New Jersey-based fishermen, are working pro bono and belong to a public-interest law firm, Cause of Action, that discloses no donors and reports having no employees. However, court records show that the lawyers work for Americans for Prosperity, a group funded by Mr. Koch, the chairman of Koch Industries and a champion of anti-regulatory causes.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    Biden to Travel to Minnesota to Highlight Rural Investments

    The president’s push to focus attention on the domestic economy comes as his administration has been dealing with events overseas after the terrorist attacks in Israel.The White House on Wednesday will announce more than $5 billion in funding for agriculture, broadband and clean energy needs in sparsely populated parts of the country as President Biden travels to Minnesota to kick off an administration-wide tour of rural communities.The president’s efforts to focus attention on the domestic economy ahead of next year’s campaign come after three weeks in which his administration has been seized by events overseas following the terrorist attacks in Israel and the state’s subsequent military action in Gaza.The trip will take place as Mr. Biden is urging Congress to quickly pass a $105 billion funding package that includes emergency aid to Israel and Ukraine, two conflicts he has described as threats to democracy around the globe.But the president and his aides are well aware that his hopes for a second term are likely to be determined closer to home. Rural voters like the ones he will address at a corn, soybean and hog farm south of Minneapolis are increasingly voting Republican. A recent poll showed that most voters had heard little or nothing about a health care and clean energy law that is the cornerstone of Mr. Biden’s economic agenda. And the president even faces a challenge within his own party, from Representative Dean Phillips of Minnesota, who announced his long-shot presidential bid last week.Karine Jean-Pierre, the White House press secretary, declined on Tuesday to speak about campaign issues, citing the Hatch Act, which limits political activity by federal officials, but said that Mr. Biden “loves Minnesota.” Administration officials have said Mr. Biden’s trip was planned before Mr. Phillips announced his candidacy.The White House has called the next two weeks of events the “Investing in Rural America Event Series.” It includes more than a dozen trips by Mr. Biden as well as cabinet secretaries and other senior administration officials. The White House said in a statement that the tour would highlight federal investments that “are bringing new revenue to farms, increased economic development in rural towns and communities, and more opportunity throughout the country.”Mr. Biden will be joined on Wednesday by Tom Vilsack, the agriculture secretary. Against the backdrop of a family farm that uses techniques to make crops more resilient to climate change, they will announce $1.7 billion for farmers nationwide to adopt so-called climate-smart agriculture practices.Agriculture Secretary Tom Vilsack will join President Biden in Minnesota and later travel to Indiana, Wyoming and Colorado.Haiyun Jiang for The New York TimesOther funding announcements include $1.1 billion in loans and grants to upgrade infrastructure in rural communities; $2 billion in investments as part of a program that helps rural governments work more closely with federal agencies on economic development projects; $274 million to expand high-speed internet infrastructure; and $145 million to expand access to wind, solar and other renewable energy, according to a White House fact sheet.“Young people in rural communities shouldn’t have to leave home to find opportunity,” Neera Tanden, director of the White House Domestic Policy Council, said Tuesday on a call with reporters.She said federal investments were creating “a pathway for the next generation to keep their roots in rural America.”Gov. Tim Walz of Minnesota, a Democrat, said he expected Mr. Biden to face serious headwinds in rural communities, in large part because of inflation levels.“It is a little challenging, there’s no denying, when prices go up,” Mr. Walz said. “The politics have gotten a little angrier. I think folks are feeling a little behind.”But Mr. Walz also praised Mr. Biden for spending time in rural communities. “Democrats need to show up,” he said.Kenan Fikri, the director of research at the Economic Innovation Group, a Washington think tank, said the Biden administration had made sizable investments over the past two and a half years in agriculture, broadband and other rural priorities.“The administration has a lot to show for its economic development efforts in rural communities,” he said, but “whether voters will credit Biden for a strong economic performance is another question.”Later in the week Mr. Vilsack will travel to Indiana, Wyoming and Colorado to speak with agricultural leaders and discuss land conservation. Deb Haaland, the interior secretary, will go to her home state of New Mexico to highlight water infrastructure investments.Energy Secretary Jennifer M. Granholm will be in Arizona to talk about the electricity grid and renewable energy investment in the rural Southwest.The veterans affairs secretary, Denis McDonough, plans to visit Iowa to discuss improving access to medical care for veterans in rural areas. Isabel Guzman, who leads the Small Business Administration, will travel to Georgia to talk about loans for rural small businesses.Miguel A. Cardona, the education secretary, will go to New Hampshire to promote how community colleges help students from rural areas. Xavier Becerra, the secretary of health and human services, will be in North Carolina to talk about health care access in rural areas. More

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    Samuel Wurzelbacher, Celebrated as ‘Joe the Plumber,’ Dies at 49

    For Republicans in 2008, he briefly became a symbol of Middle America when he questioned the presidential candidate Barack Obama in a televised encounter.Samuel Joseph Wurzelbacher, who briefly became “Joe the Plumber,” the metaphorical American middle-class Everyman, by injecting himself into the 2008 presidential campaign in an impromptu nationally-televised face-off with Barack Obama over taxing small businesses, died on Sunday at his home in Campbellsport, Wis., about 60 miles north of Milwaukee. He was 49.The cause was complications of pancreatic cancer, his wife, Katie Wurzelbacher, said.Mr. Obama, then a United States senator from Illinois, was campaigning on Shrewsbury Street, in a working-class neighborhood of Toledo, Ohio, on Sunday, Oct. 12, 2008, when Mr. Wurzelbacher interrupted a football catch with his son in his front yard to mosey over and ask the Democratic nominee about his proposed tax increase for some small businesses.During a cordial but largely inconclusive five-minute colloquy in front of news cameras, Mr. Wurzelbacher said he was concerned about being subjected to a bigger tax bite just as he was approaching the point where he could finally afford to buy a plumbing business, which he said would generate an income of $250,000 a year.Three days later, “Joe the Plumber,” as he was popularized by Mr. Obama’s Republican rival, Senator John McCain, was invoked some two dozen times during the final debate of the presidential campaign.Mr. Wurzelbacher became a folk hero of sorts during the campaign’s final weeks, particularly among McCain supporters and conservative commentators who cottoned to his remarks that Mr. Obama’s share-the-wealth prescriptions for the economy were akin to socialism or even communism and contradicted the American dream. Mr. McCain’s running mate, Gov. Sarah Palin of Alaska, also jumped in, appearing onstage with Mr. Wurzelbacher at rallies.Mr. Wurzelbacher during his encounter with Barack Obama in Ohio in early October 2008. Captured by television cameras, the moment thrust Mr. Wurzelbacher, labeled “Joe the Plumber,” briefly into the national spotlight.Jae C. Hong/Associated PressBut by Election Day, his tenure as a burly, bald, iron-jawed John Doe eroded as the public learned that he was not a licensed plumber (he could work in Toledo only for someone with a master’s license or in outlying areas) and owed $1,200 in back taxes.He flirted with supporting Mr. McCain but later referred to him as “the lesser of two evils” on the ballot and never revealed for whom he had voted that November.“Let’s still keep that private,” his wife said by phone on Monday.In 2012, Mr. Wurzelbacher won the Republican nomination to challenge Representative Marcy Kaptur, the Democratic incumbent in Ohio’s 9th Congressional District, but was crushed in the general election, winning only 23 percent of the vote to her 73 percent.During that campaign, he released a video defending the Second Amendment and blaming gun control as having helped enable the Ottoman Empire to commit genocide against Armenians in the early 20th century and Nazi Germany to carry out the Holocaust, saying gun laws had stripped the victims in both cases of the ability to defend themselves.Again defending a right to bear arms, he wrote to parents of the victims of a mass shooting in 2014 in Isla Vista, Calif., near the campus of the University of California, Santa Barbara, saying, “As harsh as this sounds — your dead kids don’t trump my Constitutional rights.”Samuel Joseph Wurzelbacher was born on Dec. 3, 1973, to Frank and Kay (Bloomfield) Wurzelbacher. His mother was a waitress, his father a disabled war veteran.After high school, he enlisted in the Air Force, where he was trained in plumbing. He was discharged in 1996, and worked as a plumber’s assistant as well as for a telecommunications company.Capitalizing on his celebrity after the 2008 election, he appeared in TV commercials promoting digital television; published a book, “Joe the Plumber: Fighting for the American Dream” (2009, with Thomas Tabback); and covered the Israeli ground invasion of Gaza in 2009 for PJ Media, a conservative website. In 2014, he went to work in a Jeep plant.In addition to his wife, who had been Katie Schanen when they married, he is survived by a son, Samuel Jr., from his first marriage, which ended in divorce; and three children from his second marriage, Samantha Jo, Henry and Sarah Jo.Although Mr. Wurzelbacher ended his encounter with Mr. Obama by shaking hands with him, he didn’t seem satisfied by the candidate’s response to how his tax proposal would affect a small plumbing business.“If you’re a small business — which you would qualify, first of all — you would get a 50 percent tax credit, so you’d get a cut in taxes for your health care costs,” Mr. Obama explained. And if his business’s revenue were below $250,000, he added, its taxes would not go up.“It’s not that I want to punish your success; I just want to make sure that everybody who is behind you, that they’ve got a chance at success, too,” Mr. Obama added. “My attitude is that if the economy’s good for folks from the bottom up, it’s gonna be good for everybody.“If you’ve got a plumbing business, you’re gonna be better off,” he continued. “If you’ve got a whole bunch of customers who can afford to hire you — and right now everybody’s so pinched that business is bad for everybody — and I think when you spread the wealth around, it’s good for everybody.”Mr. Wurzelbacher was unpersuaded.“It’s my discretion who I want to give my money to,” he would later say repeatedly. “It’s not for the government to decide that I make a little too much, and so I need to share it with other people. That’s not the American dream.”Ms. Wurzelbacher insisted on Monday that her husband’s encounter with Mr. Obama in 2008 was completely spontaneous, not staged by Republican operatives or anyone else, and that Mr. Obama’s appearance in the neighborhood had actually been arranged by a neighbor down the block.“It was completely coincidental,” she said. “It always amazed him that one question thrust him into the national spotlight.” More

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    N.Y.C. Mayoral Candidates on Pandemic Recovery

    We interviewed the eight leading Democratic candidates for mayor about the biggest issues facing the city. Here’s what they said.The next mayor will inherit an economy devastated by the pandemic. Here’s how eight of the leading candidates for mayor of New York say they would help the city recover:Eric AdamsWe will focus on our small businesses to get our small businesses up and operating again. We will look after those over a million New Yorkers who are rent-insecure so that we can stabilize them. And then we will also assist those small-property landlords so that they won’t lose their homes in the process.Shaun DonovanI would make sure everyone can walk into a restaurant, everyone can walk into a theater, with an app on their phone that lets them know that it’s a safe place and that the restaurant or the theater knows that that person has been vaccinated.Kathryn GarciaArt, culture, restaurants. When they’re strong, that means offices are strong, and that means that tourism comes back. That’s how we come out of this.Raymond J. McGuireThe first thing I would do is my economic plan, the largest, most inclusive economic comeback in the history of this city. Five hundred thousand jobs — go big, go small, go forward, focusing on the small businesses who are the lifeblood of this city.Dianne MoralesThis is an opportunity for us to transform how we operate and move away from an overreliance on large corporations that come into our communities, exploit our labor and extract our wealth, and rebuild by focusing on those who own businesses locally.Scott M. StringerWe can’t open our city the same way we closed it. We have to recognize that in our hardest-hit communities, where there was tremendous loss of life, we have to reinvest in these neighborhoods to repair the damage that Covid brought.How 8 Mayoral Hopefuls Plan to Fix the EconomyNew York City is facing a financial crisis, largely because of the pandemic. Here’s how some candidates plan to address the city’s budget shortfall..Maya WileyI have a plan called New Deal New York, which I can start executing on Day 1, because as mayor, I will have the power to increase our capital construction budget to $10 billion. That just means money that helps us build things we need built and fixing things we need fixed.Andrew YangWe have to get back some of the 66 million tourists who helped support 300,000 of the 600,000 jobs that are missing, as well as all the commuters who are missing from Midtown and other parts of the city. More

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    10 Challenges Biden Faces in Righting the Economy

    #masthead-section-label, #masthead-bar-one { display: none }The Presidential InaugurationliveLatest UpdatesQuestions, AnsweredWho’s PerformingHeightened SecurityPast Inaugural FirstsJoseph R. Biden Jr.Credit…Ryan Pfluger for The New York TimesSkip to contentSkip to site index10 Challenges Biden Faces in Righting the EconomyThe pandemic has damaged the economy and cost millions of people their livelihoods. These are some of the areas that demand Joe Biden’s attention.Joseph R. Biden Jr.Credit…Ryan Pfluger for The New York TimesSupported byContinue reading the main storyJan. 19, 2021Updated 2:59 p.m. ETAll presidents come into office vowing to rapidly put into effect an ambitious agenda. But for Joseph R. Biden Jr., the raging coronavirus pandemic and the economic pain it is causing mean many things must get done quickly if he wants to get the economy going. In a speech Thursday on his $1.9 trillion spending proposal, Mr. Biden repeatedly stressed the need to act “now.”But piecing together a majority in Congress could take time: Compromises and concessions will be needed to get the votes he will need to advance legislation.The new president is expected to reverse many of Donald J. Trump’s policies that undid those of the Obama administration, in which Mr. Biden was vice president. But in some areas crucial to business — like trade relations with China and the European Union — he probably will not return the United States to the pre-Trump order. Nor is he likely to back off from the Trump administration’s efforts to curb the power of large technology firms.Here are some policy areas that will demand Mr. Biden’s attention, and determine the success of his presidency. — More