Thursday, 14 August 2014 00:00
Remy International is closing the Bay Shore auto parts plant it purchased less than eight months ago. “USA has an outstanding reputation with strong product distribution and a diverse product line,” the acquiring CEO said back then. But the short gap between purchase and closing suggests Remy never intended to keep USA’s plant or its 271 workers, just its customers.
The loss will surely have a ripple effect. Add in the 32 LI employees being terminated by Microsoft, and it’s roughly $12-$14 million in annual salaries that won’t get spent at businesses on Long Island or generate any taxes for schools and cops.
It seems there’s more at issue than the corporate tax rate — recently cut from 7.1 percent to 6.5 percent. Born in a garage in Indiana, Remy now does its manufacturing in countries such as Mexico,
Hungary and China, where wages and regulations are low.
Many online commenters believe that only by lowering taxes and wages will we be able to “compete.” But that seems to us a race to the bottom. It’s not our ambition to be the next Hungary or Mexico.
What do you think? Will cutting wages and taxes be the shot in the arm Long Island needs? Or just take us further down the rabbit hole? Vote or comment at www.liweekly.com.
Thursday, 30 October 2014 16:07
Alan W. Clark, Esq., managing partner and founder of the Levittown-based law firm Alan W. Clark & Associates has again been named a leading personal injury and medical malpractice plaintiff attorney in the 2014 New York Metro Super Lawyers publication for his seventh consecutive year.
Super Lawyers is a Thomson Reuters rating service of outstanding lawyers from more than 70 practice areas. The comprehensive roster represents no more than 5 percent of lawyers in each state who have attained high peer recognition, professional achievement and met ethical standards. With a patented multi-phase, sophisticated selection process, Super Lawyers is based on peer nominations and evaluations combined with independent third party research.
Saturday, 25 October 2014 00:00
Firehouse Subs announces the grand opening of its first Long Island location in Levittown on Oct. 17. The award-winning fast casual restaurant chain is famous for serving premium meats and cheeses steamed piping hot and piled high on a toasted sub roll, which is served “Fully Involved” with fresh produce and condiments. Founded by former firefighting brothers, the restaurant’s firehouse décor is based on the founding family’s decades of fire and police service, and the new location is decorated with firefighter memorabilia from the Levittown Fire Department.
Thursday, 23 October 2014 11:36
Four Division Avenue High School seniors have signed national letters of intent to play baseball at local universities next fall. All four players were instrumental in winning the 2014 Nassau County Championship.
Tyler Epple has committed to play baseball at Concordia University. He is a two-year starter as third baseman for the Blue Dragons and was named All-Conference as a junior player. Epple currently boasts a batting average of .357 with 19 RBIs and 24 runs scored.
Friday, 17 October 2014 08:32
The Island Trees Squirts Rockets U-6 team met with town officials, Supervisor Kate Murray and Councilman Gary Hudes at the 2014 Island Trees Soccer Club Opening Day Parade and Ceremony held at Stokes Elementary School. Pictured also with the Rockets U-6 team is President Joe Badolato, Event Coordinator Keri Cinelli, Equipment Commissioner Chris Blum, Travel Commissioner Mike Rich, Vice-President Brian Fielding and Rockets U-6 Coach Gina Weyland.