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Half of all New Yorkers expect to fle city in next five years

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A recent poll conducted by The Citizens Budget Commission has uncovered a dramatic decline in resident satisfaction and a looming exodus from the city.

The survey, released Tuesday, paints a troubling picture of discontentment among New Yorkers, with only 30% expressing happiness with their quality of life and a mere 37% considering public safety in their neighborhood as excellent or good—a notable drop from six years ago.

The survey, which encompassed 6,600 households, revealed that just half of New Yorkers plan to remain in the city over the next five years—a significant decrease from 58% in 2017.

This mass exodus is attributed to a variety of factors, including rising concerns about safety, declining quality of public services, and a pervasive sense of lawlessness permeating the streets.

Deteriorating conditions

According to Queens Councilman Robert Holden, residents are increasingly fed up with deteriorating conditions, citing instances of shoplifting in stores and vandalism of personal property as common occurrences.

The sentiment of unease extends to public transportation, with half of the respondents expressing feeling unsafe riding the subway during daylight hours—a marked decrease from previous years.

The dissatisfaction is not uniform across demographics.

The poll highlighted that white residents, those living in Manhattan, and individuals with higher incomes reported higher levels of satisfaction compared to other groups.

However, even in affluent neighborhoods, there has been a notable decline in contentment over the past six years.

The pervasive discontent is further compounded by a surge in crime rates.

NYPD statistics indicate a significant increase in all major crime categories between 2017 and 2023, contributing to a growing sense of insecurity among residents.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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The EV transformation expands to legacy vehicles

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This week witnessed another milestone in the automotive industry as the legendary Mercedes-Benz G-Wagen embarked on its electric journey, aligning with global sustainability efforts.

Simultaneously, Toyota and Mazda debuted EV offerings tailored for the booming Chinese market, signalling a strategic shift towards collaboration with advanced Chinese partners.

While the electric G-Wagen promises both eco-friendliness and off-road prowess with its innovative design, questions arise about Japanese automakers’ perceived lag in EV development, countered by the strategic imperative to tap into the rapidly growing Chinese EV market. As automotive icons embrace electrification and traditional players adapt through partnerships, it’s clear that collaboration and innovation will drive the future of mobility.

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The degree dilemma, income shifts, debt, and dream homes

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As individuals face the daunting choice between paying off student debt, saving for a first home deposit, or exploring alternative options like rentvesting, careful consideration of various factors becomes imperative.

 

In the midst of these challenges, a couple in the inner north ingeniously employed a strategy to realise their dream of a larger home while managing HECS debt and affordability hurdles.

Rentvesting emerges as a viable solution for individuals grappling with the burdens of high HECS debt and property affordability issues.

Moreover, the decreasing income premium tied to a university degree is closely intertwined with changing economic dynamics and shifts in the job market, underscoring the need for innovative approaches to education and financial planning in today’s society.

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President Biden signs TikTok bill – what’s next?

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TikTok users could soon find that the popular social media service is either under new ownership or could be outright banned in the United States.

President Joe Biden signed a bill into law that requires TikTok to find a new owner—or face a ban in the United States.

Over the past several months, Washington D.C. has been under pressure to ban the popular Chinese-owned social media app.

Lawmakers and security experts have long raised concerns that the Chinese government could tap TikTok’s trove of personal data about millions of U.S. users.

TikTok’s CEO said the bill is disappointing and reiterated that the company has committed to challenge it.

David Zhang from China Insider. joins Veronica Dudo to discuss

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