SYRACUSE, N.Y. -- 110 degrees.That’s how hot it could feel today in Central New York.The temperature is expected to peak at 3 p.m. at an uncomfortably hot 95 degrees, according to the National Weather Service. But thanks to the heat index, it will feel even worse: The heat index could climb as high as 110 degrees.By 10 a.m., it was already a balmy 84 degrees in Syracuse. The heat index made it feel like 90 degrees. Couldn’t sleep last night in hot, humid Central NY? Here’s why: We broke a record Friday was the hottest night in Syracuse on record. Syracuse has already broken one uncomfortable record today.The temperature only dipped to a low of 78 degrees overnight, making it the hottest July 20 night on record, according to the National Weather Service. The high past overnight temperature recorded in Syracuse on July 20 was 75 degrees.If the temperature gets even a few degrees hotter than expected, Syracuse could break another record: The hottest July 20 on record … [Read more...] about Will it get hot enough to break a record today in Central NY?
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Elbridge, N.Y. -- Northeastern Electronics Co. will hold a job fair Saturday (June 29) for up to 35 jobs it expects to fill in the next nine months, including up to 15 immediately.The fair will be held from 7 a.m. to 1 p.m. at the company’s manufacturing facility and headquarters at 102 Route 5 West in Elbridge.Marcus Mindell, business development manager, said the company is looking to hire 10 to 15 people immediately and up to 20 more in the next six to nine months. It currently employs 45 people. The family-owned company is seeking RF engineers, quality engineers, manufacturing engineers, RF technicians, design technicians, maintenance technicians and IPC certified solderers.Northeastern Electronics makes electronic cables, wires and assemblies. It has seen strong growth in recent years, driven by demand for its fiber optic cables.Mindell said the company expects to break ground on a $2.5 million, 18,000-square-foot addition this fall.Applicants should bring their resumes to … [Read more...] about Central NY electronics manufacturer to hold job fair Saturday
Syracuse, N.Y. -- Central New York’s unemployment rate dipped to 3.7% in May, down from 3.9% in the same month last year.The rate in May matched April’s rate for the area, which consists of Madison, Onondaga and Oswego counties.New York’s unemployment rate in May was 3.8%, up from 3.6% in April and 3.7% in May 2018. The national jobless rate was 3.4% in May, up from 3.3 percent in April but down from 3.6 percent in May of last year. Central New York had an estimated 6,200 more jobs in May than it had in the same month last year. All but 300 of the new jobs were in the private sector. Professional and business services, educational and health services, and the leisure and hospitality sector were the biggest gainers. Rick Moriarty covers business news and consumer issues. Contact him anytime: Email | Twitter | Facebook | 315-470-3148 … [Read more...] about Central NY unemployment rate fell in May
Yet upstate sellers and buyers have been finding each other, even when market was at the bottom. Upstate New York's housing market is still working its way through recovery from the financial crisis that began 10 years ago, but there are signs of hope. More than 100,000 New Yorkers bought their current homes just before the state's housing market began to contract in the wake of the global financial crisis of 2007-2009. Prices and sales tumbled, and particularly upstate, recovery to pre-2007 levels is not yet complete. Despite that big picture, sellers across the state have been finding buyers, and buyers have been finding deals — even when the market conditions were at their bottom. More: Did you know? Facts about Rochester's housing market More: How we get our real estate data and how it can help you USA Today Network journalists across New York analyzed the 2.4 million real estate transactions conducted from 2007 through 2016 in the 57 counties … [Read more...] about NY housing market still in recovery mode
Some New York hospitals have invested billions in a complex and risky offshore financial network despite receiving tax exemptions stateside, The Journal News/lohud has found. Many of the tax havens traced back to the Panama Papers, a global news consortium’s report that used leaked legal documents to expose how corporate executives and political leaders stashed billions of dollars in Central American banks. The Panama Papers ignited probes of high-ranking politicians and powerful companies, and shined a light on the dark world of international finance, prompting resignations that shocked entire nations. PROLOGUE: New York land worth $2.8 trillion FINDINGS: What we uncovered And now, while these latest revelations about the New York hospitals are legal, the foreign investments further fueled debate about why the nonprofit hospitals are tax exempt despite the fact many swim overseas in the same murky financial waters as for-profit companies. “If … [Read more...] about NY hospitals invest offshore amid tax-exemption debate