Top Business Leader Calls New York’s Post-Pandemic Economy an ‘Industrial Revolution’In Featured, Guest, Interview, Latest, News Stories, Technology, The World, videos
By Joe Connolly and Neil A. Carousso
NEW YORK (WCBS 880) — New York City office occupancy recently surpassed 50 percent for the first time since COVID-19 hit in 2020. That’s positive news for corporate executives, but it does not tell the full story of what’s happening in the city’s economy.
Kathryn Wylde leads the influential Partnership for New York City business group that represents corporations, including Goldman Sachs, Amazon and JP Morgan Chase & Co., and conducted that office survey. She told the WCBS Small Business Spotlight, sponsored by Dime Community Bank, that 82 percent of office workers are now enjoying a hybrid schedule.
“Prior to the pandemic, we’re talking about maybe 6 percent of the employers allowing people to work remotely,” said Wylde.
That’s the new normal or what the Partnership for New York City president and CEO labels a new “industrial revolution.”
“In the 70s, we had a dramatic experience of going from the old industrial economy to the service economy. Well, this is from the service economy to the digital economy. And instead of happening gradually over one or two decades, it happened instantaneously.”
Wylde noted entire industries have changed to be centered around technology.
“We have remote education, telemedicine, remote health, we’ve got remote work, remote entertainment, remote cultural experiences,” she said. “All of that has changed and I don’t think we know the implications yet.”
Wylde, like many traditional business leaders, believes strongly in in-person work, but she acknowledges Zoom has its place.
“We can fit more into our day when we can do Zoom instead of running to Midtown,” she said. “We just have to learn how to use that tool in a way that doesn’t interfere with building relationships and with the kind of mentoring and support and development that particularly young people need in their careers.”
Remote work has held back Manhattan’s recovery. The Partnership for New York City sees small and mid-size businesses in the outer boroughs and the suburbs growing at a record clip, but shrinking in Manhattan as rents remain near record highs.
“We have 32,000 new businesses formed in New York City in the last year. Manhattan’s the only one that didn’t have net growth in new businesses. Most of them are in Queens. Brooklyn is the number one. So, we’re seeing the city as a whole – its neighborhoods, its local business districts across the five boroughs and our surrounding suburbs – the economy’s pretty good,” said Wylde.
The main reason business groups see growth in the outer boroughs and the suburbs is that remote work has enabled people to shop in their communities during the week. Wylde said she is confident in Manhattan’s resurgence but it may take some time.
“The value of Midtown properties is going to spring back and it’s not going to be exactly the same as it was pre-pandemic. We’re going to see more residential, I think we know that, and that’s a good thing. It’ll make the streets safer on a 24/7 basis. It’ll bring back customers to local business.”
Watch the full conversation with Kathryn Wylde on the WCBS Small Business Spotlight video above.
New Yorkers Cheer on Team USA as World Cup Takes Over the Big Apple
Executive Produced by Carousso Enterprises, LLC.
New York, NY — Team USA’s World Cup run was met with great enthusiasm in New York City where soccer is not typically the big draw at the sports bars. But, the atmosphere was electric at Legends NYC Bar & Grill where New Yorkers cheered on the home team.
Justin Joseph took the temperature of fans during a recent match for NY2C’s On The Call, executive produced by Carousso Enterprises.
How to Negotiate Anything from Business Deals to Dinner with Confidence
By Joe Connolly and Neil A. Carousso
NEW YORK (WCBS 880) — There have been countless books written about negotiating, but only one man is considered the “World’s Best Negotiator.”
That’s Herb Cohen who has made business deals, advised presidents and even helped settle a baseball strike. His son Rich Cohen, a Wall Street Journal columnist and acclaimed author, shares some of his “timeless” lessons on the WCBS Small Business Spotlight, sponsored by Dime Community Bank.
1. Don’t Run Yourself Out of a Negotiation
Cohen said most people make business negotiations more complicated than they need to be.
“Often, dumb is better than smart, and inarticulate is better than articulate,” he said.
He suggested a technique he often uses in news interviews: ask “who, huh and why.”
“Sometimes you get in a situation where the best thing to do is to not talk. And that creates kind of an awkward silence and into that awkward silence, People will fill it in with things they shouldn’t tell you.”
2. Know Your ‘Real’ Deadline
Herb Cohen famously negotiated the release of American hostages from Iran. Rich told WCBS 880 the strategy his father used in 1981 can apply to anything in life or business today.
“Figure out what the real deadline is and to do that, you have to figure out the other side’s needs,” said Cohen. “With the Iran hostage crisis, (my father) looked at the Iranians and all these deadlines had been set. And he said for the Iranians, ultimately the deadline became the inauguration of Ronald Reagan.”
Reagan had aimed strong rhetoric at the Iranians who feared the incoming president would “carpet bomb” them if they didn’t release the hostages. The crisis was settled during President Reagan’s inauguration on January 20, 1981.
3. Take Yourself Out of the Situation
The elder Cohen recommends people should never negotiate for themselves, because they are too personally invested.
Rich Cohen said, instead, do your research and have someone negotiate for you.
“Gather as much as you can and then try as an exercise to see the problem or the deal, how it looks through the eyes of your opponent,” Cohen said, continuing, “You have to figure out how the world looks to that other person, what they care about, and then use that as leverage because what you care about might not be what they care about.”
4. Make it a Game
As a kid, Cohen would travel with his father to Sears or a used car lot where he would watch him negotiate for sport.
“His whole thing is approach business and life as if it were a game and you’ll have more fun and do better.”
The “Adventures of Herbie Cohen” author noted business deals are no different than menial decisions like deciding what you will eat for dinner.
“You don’t have to learn to negotiate. You already are negotiating every day. You just don’t know it. And if you could just realize what you’re doing, you could become good at it and actually have fun at it,” said Cohen.
See tips and examples on how to negotiate better and more confidently on the WCBS Small Business Spotlight video above.
MIDTERMS 2022 LIVE UPDATES: Lee Zeldin concedes to Kathy Hochul
Executive Produced by Neil A. Carousso
NEW YORK (1010 WINS/WCBS 880) — Midterm election results are continuing to roll in Wednesday. In New York’s closely watched governor’s race, Gov. Kathy Hochul declared victory over Republican challenger Rep. Lee Zeldin, who conceded but said the “rescue mission to Save Our State continues.”
2 p.m. — Lee Zeldin concedes to Kathy Hochul
Republican Rep. Lee Zeldin conceded to Kathy Hochul in the New York governor’s race on Wednesday.
Here is Zeldin’s full statement:
“I would like to congratulate New York Governor Kathy Hochul on her election to a full four year term.
“This race was a once in a generation campaign, with a very close margin in the bluest of blue states. The unrelenting passion and hard work of our grassroots volunteers and supporters made this incredibly close race possible and helped us win at least 49 of New York’s 62 counties. Republicans, Democrats and Independents united as New Yorkers, pouring their heart and soul into this campaign.
“Those controlling Albany should take note. New Yorkers of all walks of life are sick of the attacks on their wallets, their safety, their freedoms and the quality of their kids’ education and are hitting their breaking point, as proven by these results. As they take office in January, Governor Kathy Hochul and those controlling Albany must address the grave concerns voiced by the voters. While this campaign has come to a close, the rescue mission to Save Our State continues.”
There hadn’t been a governor’s race this close in New York in 30 years, with Hochul only leading Zeldin by about five points in the traditionally deep-blue state. And while Zeldin lost, his message appeared to resonate in New York City’s suburbs, where Republicans had a strong showing Tuesday and helped the GOP in its effort to take control of the U.S. Congress.
1:30 p.m. — Lee Zeldin will reportedly concede to Kathy Hochul
Republican Rep. Lee Zeldin will reportedly concede to Kathy Hochul in the New York governor’s race.
Zeldin’s campaign told the New York Post that Zeldin planned to concede Wednesday afternoon.
Hochul declared victory Tuesday night after some news organizations called the race for her, but Zeldin had yet to concede as of Wednesday.
He said he wanted to wait for all the votes to be counted and also predicted “massive” votes would come in for him from Long Island, where he lives.
Hochul was leading Zeldin 52.5% to 47.5% as of 1:30 p.m. Wednesday, with 94% of precincts reporting. The outcome was fairly close for New York, which hasn’t elected a Republican governor since 2002.
For comparison, former Gov. Andrew Cuomo won a third term against Republican Marc Molinaro in 2018 with nearly 59.6% of the vote to Molinaro’s 36%.
12 p.m. – Tom Kean Jr. flips House seat in NJ, beating Tom Malinowski
Two-term Democratic Rep. Tom Malinowski conceded to Republican Tom Kean Jr.
The Associated Press hasn’t officially called the race for NJ-07, but Malinowski congratulated Kean Wednesday on Twitter.
Kean appeared to already claim victory in the race on Tuesday night.
The district had picked up more Republican voters after its boundaries in the northwest were redrawn.
Malinowski cast Kean as too reliant on support from voters loyal to former President Donald Trump to represent the district, which swung from reliably GOP to Democratic control during Trump’s years in the White House.
Kean had seized on inflation as a top issue and hammers on House Speaker Nancy Pelosi, whom he is betting is unpopular with voters.
This year’s race was a rematch of sorts. Malinowski narrowly defeated Kean, a former state lawmaker and the son of former Republican Gov. Tom Kean Sr., in 2020. Malinowski first won election by defeating Republican incumbent Rep. Leonard Lance in 2018.
10:55 a.m. — Democratic Rep. Sean Patrick Maloney concedes in Hudson Valley race
U.S. Rep. Sean Patrick Maloney, who chairs the Democratic Congressional Campaign Committee, conceded his Lower Hudson Valley district NY-17 to Republican state Assemblyman Mike Lawler. His loss is seen as a major blow for the Democrats.
Maloney’s campaign said the congressman conceded in a phone call. The Associated Press has called the race for Lawler.
Maloney, who was the first openly gay New Yorker elected to Congress, had a track record of winning in a Republican-leaning district, but the state’s redistricting plan put him in a reconfigured territory where fewer voters know him.
National Republican groups, sensing an opportunity, spent millions on advertisements supporting Lawler, a former executive director of the state Republican party who worked in local government before his election to the Assembly in 2020.
7:15 a.m. — Republicans win several House races in NYC suburbs
Republican candidates for the U.S. House of Representatives notched several wins in New York City’s suburbs, seizing a seat in an area once considered safely Democratic, defending others and appearing on the verge of picking up additional wins in districts the party hasn’t won in years.
By early Wednesday, Republicans had won at least seven seats in Congress from New York, just one less than their current representation in the state’s delegation. They were leading or within a percentage point of the lead in five more races.
The strong showing by Republicans on Long Island came after the city’s suburbs emerged as an unlikely battleground for control of the House. Several closely watched contests remained too early to call Wednesday morning, including the re-election race of U.S. Rep. Sean Patrick Maloney, who is facing Republican state Assemblyman Mike Lawler.
Republican George Santos defeated Democrat Robert Zimmerman in what was the first known congressional election featuring two openly gay candidates.
Democrat Laura Gillen, an attorney and one-term supervisor of the town of Hempstead, was in a tight race with Republican Anthony D’Esposito, a member of Hempstead’s town council and a former NYPD detective.
Republican U.S. Rep. Andrew Garbarino defeated Democrat Jackie Gordon in a race on Long Island’s South Shore.
Republican Nicholas LaLota defeated Democrat Bridget Fleming in a reworked version of the congressional district now represented by U.S. Rep. Lee Zeldin, who decided not to seek reelection so he could be the GOP candidate for governor.
In the Hudson Valley, freshly minted U.S. Rep. Pat Ryan, a Democrat, is trying to replicate his surprise win in an August special election in a race against Republican Colin Schmitt, a second-term state Assemblyman.
The race appeared exceedingly close early Wednesday morning, but Schmitt nonetheless conceded, saying he hoped Ryan “will do great things for our Hudson Valley families.” The Associated Press has not declared a winner in the race.
Dutchess County Executive Marc Molinaro, is also leading a close race against Democrat Josh Riley in a sprawling new district that runs from the Massachusetts border all the way to Ithaca.
11:49 p.m. — Some election night takeaways:
Gov. Kathy Hochul’s projected victory over Republican Lee Zeldin is the big news in New York tonight.
Also notable is Republican Rep. Nicole Malliotakis’ projected victory over Max Rose. Other New York races to watch are still too close to call.
In Nassau County, Republican George Santos holds a slight lead over Democrat Robert Zimmerman for a U.S. House seat with 74% of the votes tallied. In Westchester, Republican Mike Lawler holds a six-point lead over Rep. Sean Patrick Maloney, the chairman of the Democratic Congressional Campaign Committee.
In New Jersey, Democratic incumbent Josh Gottheimer is projected to beat Frank Pillota for a Northern Jersey House seat.
Nationwide, Peter Thiel-backed Republican J.D. Vance is projected to beat Tim Ryan for an Ohio Senate seat. The showdown between Democratic Sen. Raphael Warnock and Republican Herschel Walker in Georgia is neck and neck with 81% of the vote in.
The Senate election between Pennsylvania Democrat John Fetterman and Republican Mehmet Oz is also extremely close with 84% of the votes counted.
11:35 p.m. Republican J.D. Vance projected to win Ohio Senate seat, beating veteran politician Tim Ryan, Democrat Josh Gottheimer projected to take U.S. House seat in Jersey
“Hillbilly Elegy” author and venture capitalist J.D. Vance beat Democrat Tim Ryan for an Ohio Senate seat, AP projected.
AP also projected Democrat incumbent Josh Gottheimer won a contentious race in Northern Jersey against Republican Frank Pallotta.
11:12 p.m. ABC projected Gov. Kathy Hochul to win New York gubernatorial race, defeating Republican challenger Lee Zeldin
Gov. Kathy Hochul is projected to defeat Republican challenger Lee Zeldin, securing the governorship in the face of an unexpectedly close race.
She will be the first woman elected governor in the history of New York.
Zeldin, an ally of former President Donald Trump who voted against certifying the 2020 presidential election as a U.S. representative, attacked Hochul on crime.
Hochul, who became governor when former Gov. Andrew Cuomo resigned, attacked Zeldin’s anti-abortion record after the issue took center stage with the Supreme Court’s repeal of Roe v. Wade.
Hochul was able to carry the day and prevent what would have been the first Republican governorship in New York since 2007.
11 p.m. — Texas Gov. Greg Abbott defeated Beto O’Rourke, AP projects
AP projected Republican Gov. Greg Abbott defeated Democratic challenger Beto O’Rourke.
This is O’Rourke’s third loss in four years. In 2018 he lost a Senate race to Ted Cruz, and in 2020 he lost the Democratic presidential primary to Joe Biden.
AP also projected Democratic Gov. Gavin Newsom will won his re-election campaign in California.
10:33 p.m. — Attorney General Letitia James projected to win re-election
Attorney General Letitia James won re-election by a comfortable margin, AP projected.
James became a well known figure in New York as she investigated sexual misconduct and a COVID-19 death coverup from former Gov. Andrew Cuomo, who was forced to resign in part due to her findings.
She came to national prominence prosecuting several lawsuits against former President Donald Trump.
AP projected Sen. Chuck Schumer won re-election in New York almost immediately after polls closed, defeating Republican Joe Pinion.
This will be the Senate majority leader’s fifth term, making him New York’s longest serving senator.
8:50 p.m.– Final touches are going up at New York Gubernatorial candidates’ headquarters
Gov. Kathy Hochul’s headquarters tonight is at Capitale in the Bowery where she will be awaiting election results and deliver a speech.
Lee Zeldin’s party is at Ciprini’s in Hell’s Kitchen.
8:30 p.m.: AP projects Republican Sarah Huckabee Sanders wins election for governor in Arkansas.
8:08 p.m. — Gov. Ron DeSantis, Sen. Marco Rubio both win re-election in Florida, AP projects
AP has projected both Gov. Ron DeSantis and Sen. Marco Rubio won re-election in Florida.
8 p.m. — Polls close in New Jersey and Connecticut
Voting is closed in New Jersey and Connecticut. Polls in New York will be open for another hour.
Democratic Senator Richard Blumenthal from Connecticut won reelection.
7:41 p.m. — The RNC sued for an extension of polling hours in Arizona after voting machines caused delays in Phoenix, election deniers seize on issues to sow distrust
The Republican national committee sued to extend voting hours in Maricopa County, which covers Phoenix, after vote tabulation machine malfunctions caused delays.
“At least 36% of all voting centers across Maricopa County have been afflicted with pervasive and systemic malfunctions of ballot tabulation devices and printers, which has burdened voters with excessive delays and long lines,” wrote the plaintiffs in the complaint. “To remedy these consequential violations of Arizona law and derogation of the franchise, the Court should immediately issue a temporary restraining order or preliminary injunction.”
The lawsuit is asking the court to order polling locations extend voting hours from 9 p.m. to 10 p.m.
Maricopa County officials said about 60 machines were unable to tabulate votes across a quarter of voting locations in the county. Authorities said that 17 of those malfunctioning machines had been fixed by 2 p.m. — 8 hours into the election.
Officials assured the public that all votes would be counted despite delays.
Arizona was a hotbed for election denial and voter fraud conspiracy theories after the 2020 election.
Prominent election deniers and former President Donald Trump have already seized on the voting machine problems to attack the integrity of the 2022 election.
“Here we go again?” wrote Trump on his social media website. “The people will not stand for it!!”
6:56 p.m. — The first polls in the nation close at 7 p.m.
Voting ended in Kentucky, Indiana, Georgia, South Carolina, Vermont, Virginia and Florida closed at 7 p.m. — the first in the nation outside of a few select district in Indiana and Kentucky.
Polls for New Jersey and Connecticut close at 8 p.m. and voting will go until 9 p.m. in New York.
Nationwide, Republicans are pressuring Democrats amid backlash over inflation and the economy. Democrats are hoping to defend their thin margins in both houses of congress, often campaigning on abortion rights after the conservative-controlled Supreme Court overturned Roe v. Wade.
Many contests, like the Senate race between Democrat Raphael Warnock and Republican Herschel Walker in Georgia, have garnered national attention and donations as Republicans threaten to take back both houses of congress for the first time since 2018.
Other notable elections include the Ohio Senate race between between Democrat Tim Ryan and Republican J.D. Vance and the Pennsylvania Senate race between Republican Mehmet Oz — better known by his television moniker Dr. Oz — and Democrat John Fetterman.
What many thought was going to be a landslide win for current Democratic Gov. Kathy Hochul, who assumed office last year after Andrew Cuomo resigned, has become a tight race against Republican opponent Lee Zeldin, who is running on an staunch anti-crime platform.
“We actually need to hire more law enforcement, mandatory forced overtime,” Zeldin told 1010 WINS just before election day. “Moving law enforcement officers from one beat to another is not the answer, but what we need to do is actually hire more law enforcement.”
Crime has been a contentious issue for Hochul with a focus on New York City, especially in the subways.
“I also tripled the amount of money going toward law enforcement in our budget,” Hochul told 1010 WINS. “And I’m sure Zeldin neglected to tell you that we have a bill on the floor of Congress to increase funding to support the police and he didn’t even show up for the vote.”
The issue of crime is dividing for New York City residents but one voter told 1010 WINS he’s pleased with Hochul’s run so far.
“I’m not as concerned about crime,” the voter said. “I feel like it’s blown out of proportion in the media quite a bit. I think the future of our country needs to turn to social issues in terms of the economy.”
Other congressional candidates are facing off in tight races around the state. In New York’s 11th congressional district, which covers all of Staten Island and parts of Brooklyn, Republican Nicole Malliotakis and Democrat Max Rose are up against each other again, a rematch of the 2020 election when Malliotakis took over Rose’s seat in the city’s only swing House of Representatives district.
“I’ve also delivered million dollars to the NYPD for the canine unit forensic equipment, protective gear, so we’re delivering for the men and women who are trying to do their best to keep us safe,” Malliotakis told 1010 WINS about her efforts to address crime in the city.
The 3rd congressional district represents parts of Nassau County, Long Island and Queens. Santos joined 1010 WINS and argued that there’s a one party democratic control federal of the New York State governments which has left residents feeling left less safe. Zimmerman, however, sees it differently.
“Let’s remember this election is not about Democrat versus Republican,” Zimmerman told 1010 WINS. “It’s about mainstream values standing up to extremism. That’s really what defines the difference between George Santos and myself.”
Santos, in line with other Republican campaigns this election cycle, is focused on crime and law enforcement funding.
“I have been publicly, since the very beginning of the debate, made very clear of not only my strong opposition of defunding the police, I’ve been advocating increasing funding in the police,” Santos said on 1010 WINS. “And I think that is a very defining or critical point to be made.”
WATCH: Mark Cuban Shares 5 Business and Life LessonsIn Best Of, Entertainment, Featured, Guest, Interview, Latest, News Stories, Sports, Technology, The World, Top News, videos
By Joe Connolly and Neil A. Carousso
NEW YORK (WCBS 880) — Mark Cuban, one of America’s best known entrepreneurs, spent an hour with WCBS 880 for a special Virtual Business Breakfast, presented by Dime Community Bank. It was a program filled with lessons on business and life.
Here are some of the actionable and inspiring takeaways from the “Shark Tank” star. The full event is available to watch on-demand above.
1. Always Be Learning
Cuban told the WCBS Virtual Business Breakfast he tries to spend an hour a day trying to learn something new about the many industries in which he’s invested. That can be anything from reading about algorithm changes to Instagram and how that impacts digital sales strategy to new technologies.
“I think one of the easiest ways to get a competitive advantage in any business is just to put in the time to learn,” he said.
The self-made billionaire said the business owner must be the best salesperson in a company because he or she cannot hire someone to know their business better than them.
“I call it home run hiring. And it might be you’re trying to find an employee and you think, ‘Well, if I just hired the right marketing person or the right SEO person or the right salesperson, they’ll solve my problems,'” explained Cuban. “That rarely, rarely, rarely, if ever, works. If you find yourself having to turn to someone on the outside because you haven’t been able to put in the time, not only is it hard to find a person that’s going to solve your problems, but you don’t even know the right things to tell them because you don’t understand the issues that you’re trying to solve.”
He advised business owners to put the time in to learn their business inside out, so they can ask the right questions of a potential new employee.
2. Don’t Overspend on Inventory
“Every entrepreneur does it,” said Cuban.
The Shark tells the business owners he’s invested in on the show to be realistic or they risk spending themselves out of business.
“When they write a business plan, they get in front of their spreadsheet and they start thinking, ‘Okay, if I can sell six of these, this covers my cost here. Twelve of those—no I can sell more than 12, I’ll sell a hundred.’ And all of a sudden, you know, you’ve got these pie in the sky numbers that have no base in reality.”
3. Don’t Rack Up College Debt
It’s not worth it, says the business mogul and father of three.
“If you can’t afford college without taking out a loan, which for many people that’s a reality, I’m a big believer (that) you go to community college for the first two years because introduction to sociology, introduction to accounting, introduction to calculus, it’s the same at Harvard as it is at Richland Community College.”
Cuban told WCBS 880 debt will hurt you more than attending an expensive college will help.
4. Teaching Financial Responsibility to Kids
How does a billionaire teach financial responsibility to his kids? “It’s hard,” Cuban admits, but said it’s important to teach money lessons early.
“(My kids) had to find ways to earn money to be able to buy the big things they wanted because we weren’t just going to buy them whatever they wanted,” he said. “And they also had to understand what things cost and if something was too expensive, they weren’t going to get it.”
5. Practice Self-Care
You may think someone like Mark Cuban works 24/7, but he said it’s vital for him to take mental breaks.
“I always have one thing that I do that allows me to de-stress, and I go shoot baskets,” said Cuban of his passion for basketball. “I have a little basket out in the backyard, I can go to the gym, I can go to the arena or (the Dallas Mavericks) practice facility when no one else is there and just get up shots. And that allows me just to feel good because the sound of the ball going through the net, all problems go away for that second, right? And if I’m missing shots, I’m thinking about my shot. I’m not thinking about, ‘What about this customer?’ Or, ‘Can we add this drug to CostPlusDrugs.com,’ etc.? Everybody’s got to find that one release that they have that just diverts their attention from everything that they’re doing.”
The Mavs and Cost Plus Drugs owner also declared “nice sells” and helps to reduce stress for yourself and company stakeholders.
“Be nice. You know, nice sells. Nice is one of the easiest assets that you can have in your company. And when you have a culture of being really nice to each other and nice to customers, nice to prospects, things work out a lot better.”
See more tips for business and life success from Mark Cuban on the WCBS Virtual Business Breakfast, presented by Dime Community Bank. The hour-long program is at the top of this page.
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