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National Grid to spend over $4 billion on multi-year Upstate Upgrade to improve grid resilience
National Grid (NYSE: NGG) on Wednesday said it plans to invest more than $4 billion to “transform its energy delivery system and propel economic growth

City of Syracuse seeks proposals for three aging SCSD buildings
SYRACUSE, N.Y. — The City of Syracuse on Thursday issued requests for proposals (RFPs) to repurpose and redevelop three aging buildings used by the Syracuse

Leadership event planned for women entrepreneurs on April 4
ONEIDA, N.Y. — The WISE Women’s Business Center and The Hub are presenting a leadership workshop designed for women entrepreneurs on April 4 from 8:30
Papale named acting president of Mohawk Valley EDGE
ROME, N.Y. — The Mohawk Valley EDGE executive committee has appointed Shawna Papale as acting president in the wake of the March 6 passing of
Bassett removes interim tag from CEO Thompson
COOPERSTOWN, N.Y. — Bassett Healthcare Network’s board of directors has named Staci Thompson as the next president and CEO of the organization, making permanent a

Music lineup, charities announced for this year’s Taste of Syracuse event
SYRACUSE, N.Y. — The group that gave listeners the song “MMMBop” will headline this year’s Taste of Syracuse event. The Grammy–nominated Hanson will take the
2024 Nonprofit Awards Event Supplement
Read the 2024 Nonprofit Awards Event Supplement Here
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OPINION: Inflation is still high as Fed weighs interest-rate cuts
Consumer inflation ticked up 0.4 percent in February to an annual rate of 3.2 percent amid a jump in oil, gasoline, natural gas, transportation, and shelter, according to the latest data by the Bureau of Labor Statistics. Gasoline was up 3.8 percent. Fuel oil rose 1.1 percent. Natural gas was up 2.3 percent. Used cars
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Consumer inflation ticked up 0.4 percent in February to an annual rate of 3.2 percent amid a jump in oil, gasoline, natural gas, transportation, and shelter, according to the latest data by the Bureau of Labor Statistics.
Gasoline was up 3.8 percent. Fuel oil rose 1.1 percent. Natural gas was up 2.3 percent. Used cars and trucks ticked up 0.5 percent. Apparel was up 0.6 percent. Shelter edged up 0.4 percent. And transportation services increased 1.4 percent.
Although the rate of inflation has indeed slowed down from its 9.1 percent annual peak in June 2022 to its current rate of 3.2 percent, since January 2021 when President Joe Biden took office, overall consumer prices are up almost 18.5 percent.
For comparison, from January 2017 through February 2020, prior to COVID, at that point consumer prices had increased 6.4 percent.
Meaning, what has already been experienced — and is still being felt — is triple what the American people were accustomed to prior to COVID and its resulting $7 trillion printing, borrowing, and spending binge by the Federal Reserve and Congress.
In the meantime, the Fed has been holding rates firm at 5.25 percent to 5.5 percent. But in its economic projections released in December 2023, the central bank appears to be anticipating rate cuts to begin sometime this year — which is usually what happens when the economic cycle is ending and unemployment begins to rise — projecting the Federal Funds Rate to drop to 4.6 percent in 2024.
But that might change with the latest reading from the Bureau of Labor Statistics. On March 6, Federal Reserve Chairman Jerome Powell told Congress that the central bank wants to be certain inflation is headed back to its “normal” 2 percent a year bearing. He said, “In considering any adjustments to the target range for the policy rate, we will carefully assess the incoming data, the evolving outlook, and the balance of risks… The Committee does not expect that it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent.”
This could indicate the Fed wants to get inflation down as far as possible before making any moves, and although the unemployment rate is off its historic low of 3.4 percent in April 2023 to its current rate of 3.9 percent in February, the Board of Governors is not panicking. As unemployment moves up, that is usually when the Fed will begin cutting rates as the cycle ends.
The fear could be that once the economic slowdown or recession is realized, unemployment will temporarily jump up, the Fed will cut rates and then robust inflation could be restored very quickly. For years, Biden has rejected there being any necessary tradeoffs between inflation and unemployment, but as the Fed keeps rates higher than the rate of consumer inflation and 898,000 jobs have been lost out of the household survey since November 2023 that hypothesis will soon be tested.
Robert Romano is the VP of public policy at Americans for Limited Government Foundation, the research arm of Americans for Limited Government, a libertarian political advocacy group. The organization conducts policy research and publishes reports with the goal of reducing the size of the government.
OPINION: Immigrants drive U.S. economy
The American economy is thriving, and immigration should get some of the credit. That’s the message from experts who highlight the critical role that immigrants are playing in the workforce. This may seem surprising when immigration is under attack and chaos at the border is a staple of political rhetoric. But immigrants are filling essential
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The American economy is thriving, and immigration should get some of the credit. That’s the message from experts who highlight the critical role that immigrants are playing in the workforce.
This may seem surprising when immigration is under attack and chaos at the border is a staple of political rhetoric. But immigrants are filling essential jobs — in childcare, health care, food service, and agriculture, as well as in science, technology, and entrepreneurship — at a time when employers are struggling to find workers.
About half the recent growth in the labor market came from foreign-born workers, according to an Economic Policy Institute analysis. A recent report by the nonpartisan Congressional Budget Office estimates that growth in the labor force, largely from immigration, will add $7 trillion to America’s GDP in the next decade. More people working means more people paying taxes, which reduces the federal deficit.
Of course, this doesn’t mean our immigration policies are working the way they should. They haven’t been seriously updated since 1986. We need an immigration system that advances our national interest and reflects our values, and we don’t have that. Our current system prioritizes family unification, which is important; but it hasn’t kept pace with changes in technology and the economy.
Obviously, many Americans are concerned about immigration. A recent Gallup survey found 28 percent of respondents named immigration as the top problem facing our nation, more than cited inflation or any other issue. And it’s not just Republicans who worry. Liberal cities like New York, Chicago, and Denver have been overwhelmed by migrants bused from Texas.
But some fears are overblown. Research finds that immigrants don’t take jobs from native-born Americans or drive down wages, at least in times of robust employment. Neither do they rely excessively on public assistance or commit more crimes. The vast majority play by the rules and contribute to society. The Pew Research Center estimates that just 22 percent of foreign-born workers are undocumented [in the country illegally].
America is a nation of immigrants, but immigration has often been controversial. An anti-immigrant backlash 100 years ago produced legislation to bar most migrants not from Northern and Western Europe. It wasn’t until the 1960s that a point-based system replaced national-origin quotas.
Today, immigrants account for 13.6 percent of the U.S. population, a modern-day high and about the same percentage as a century ago. The share of foreign-born workers in the labor force is higher, largely because immigrants are likely to be of working age. That’s important because the native-born population of working age isn’t growing. The Baby Boom generation has reached retirement, straining programs like Medicare and Social Security. As Brookings Institution analyst William H. Frey writes, “immigration levels are crucial in leading to national growth as opposed to decline, and countering what would otherwise be extreme aging.”
A well-designed immigration system could maximize the benefits of immigration while reducing border issues and other concerns. Unfortunately, getting agreement on immigration is extremely difficult. We saw this recently when the Senate reached a bipartisan deal to pair border restrictions and funding with aid to Ukraine and Israel, only to see the House reject the plan.
Almost 20 years ago, former Sen. Spencer Abraham (R–MI) and I chaired a task force to study America’s immigration policies. We recommended a simplified and streamlined system with consistent federal oversight, updated technology, improved border security, protection of human rights, and a path to legal status for unauthorized immigrants [those who entered the U.S. illegally]. These ideas shouldn’t be controversial, and they are as worthwhile today as when they were written.
It may be too much to expect Congress to pass immigration reform in an election year, when politicians are eager to exploit the issue. But we can’t keep kicking solutions down the road. Immigration is too important to the economy and to our identity as a nation. ν
Lee Hamilton, 92, is a senior advisor for the Indiana University (IU) Center on Representative Government, distinguished scholar at the IU Hamilton Lugar School of Global and International Studies, and professor of practice at the IU O’Neill School of Public and Environmental Affairs. Hamilton, a Democrat, was a member of the U.S. House of Representatives for 34 years (1965-1999), representing a district in south-central Indiana.

2024 Nonprofit Awards Event Photos
Photos from the 2024 Nonprofit Awards, held on March 19, 2024.
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