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Manhattan skyline view from the roof deck of a Park Slope building ." /> Manhattan skyline view from the roof deck of a Park Slope building . View Full Caption Corcoran Group MANHATTAN— Yes, New York City is way less affordable now than seven years ago. Case in point: An apartment going for $2,000 a month for rent in 2010 would now get $2,657 a month, a report published Wednesday from real estate search engine StreetEasy reveals. Compounding the city’s affordability crisis: rents in the city rose twice as fast as wages, according to the analysis, which compared the StreetEasy Rent Index with wage data from the city’s Department of Labor. While median rents increased 3 .9 percent a year since 2010, wages increased by 1.8 percent over the same period. Those working in the city’s lowest wage jobs were hit hardest. Low- wage earners — those in the bottom 20 percent of the workforce, which represent a little more than 800,000 of the roughly 4.1 million employed New Yorkers ...

Ermington homeowners Paul and Alison Henry with daughter Sidney, 2, said they love being at the centre of Sydney. Picture: Justin Lloyd. RAMPANT high- rise apartment construction in the inner city has been pulling Sydney ’s population centre east for the first time in more than 200 years of European settlement, as the housing boom pushes development up rather than out. An analysis of Australian Bureau of Statistics data showed the population centre of Sydney is now Ermington — 2km east of previous centre Rydalmere — in an area of the suburb sandwiched between Silverwater Rd and the northern bank of the Parramatta River, roughly 20km northwest of the CBD. Sydney’s centre had been south of the river in the suburb of Silverwater during the 1980s and later moved northwest to Ermington in the 1990s and west again to Rydalmere in the early 2000s before moving back to Ermington. ABS director of demography Andrew Howe said the shift east was significant considering the population centr...

FINANCIAL MARKETS US stocks rising NEW YORK (AP) — U.S. stocks are rising today as retailers including Urban Outfitters and Target climb. That's helping retailers recover some of the sharp losses they took a day earlier. Health care and technology companies are also trading higher. Energy companies are lagging the rest of the market as the price of oil turns lower . At 12:58 p.m. Eastern Time, the S&P 500 index rose 6 points , to 2,471. The Dow Jones industrial average added 63 points , to 22,062. And the Nasdaq composite rose 25 points , to 6,358. At noon Eastern time , the Russell 2000 index of smaller companies jumped 7 points , to 1,390. TRUMP UPDATE Another two CEOs quit presidential council NEW YORK (AP) — Another two company CEOs have quit President Donald Trump 's manufacturing council. 3M CEO Inge Thulin (ING'-geh too-LEEN') announced in a statement today, his resignation from the Manufacturing Jobs Initiative panel , saying sustainability, diversity an...

ANTITRUST EU agency to probe Bayer’s acquisition of Monsanto The European Union’s antitrust watchdog said Tuesday that it has launched a probe into German chemical maker Bayer ’s planned acquisition of US seed and weed- killer company Monsanto . The European Commission, which polices competition in Europe, said it has concerns that the merger may reduce competition in areas like pesticides and seeds. Monsanto last year accepted an offer from Bayer to pay $57 billion to its shareholders and assume $9 billion in debt. Were it to go ahead, the buyout would create the world’s largest integrated pesticides and seeds company. The commission says it will also look into whether the move would hinder the access of competitors to distributors and farmers. — ASSOCIATED PRESS ANTITRUST Brazilian watchdog questions AT&T’s deal for Time Warner Brazil’s antitrust watchdog said AT&T Inc.’s $85. 4 billion deal for Time Warner Inc. poses a high risk to competition, a potential complication...

Commissioner Mike Byerly said though it is too late in the process for the 2018 fiscal year to find an alternative to the assessment, it is important that the county look at alternatives for the following fiscal year. Cleveland Tinker @ClevelandTinker Citizens from around Alachua County voiced their opinions about the fire assessment fee passed by the Alachua County Commission a few months ago. Dozens of property owners let commissioners know how they feel about the new fee at a public hearing Tuesday night at the County Administration Building in downtown Gainesville . The commission at the end of the meeting voted unanimously to have county officials gather information about alternatives to the assessment fee for fiscal year 2019. Commissioner Mike Byerly said though it is too late in the budgeting process for the 2018 fiscal year that begins Oct. 1 to find an alternative to the assessment, it is important that the county look at alternatives for the following fis...

Damonte Ranch area is a sign of the city's need for housing in Reno, Nev. The recent influx of new workers combined with near-zero residential development during the recession gave birth to a classic supply-and-demand scenario that saw the cost of housing skyrocket in the Biggest Little City. (Andy Barron/The Reno Gazette-Journal via AP) Photo: Andy Barron, AP / The Reno Gazette-Journal" class="landscape" /> residential development during the recession gave birth to a classic supply-and-demand scenario that saw the cost of housing skyrocket in the Biggest Little City. (Andy Barron/The Reno Gazette-Journal via AP) Photo: Andy Barron, AP / The Reno Gazette-Journal" class="landscape" src="src" /> Damonte Ranch area is a sign of the city's need for housing in Reno, Nev. The recent influx of new workers combined with near-zero residential development during the recession gave birth to a classic supply-and-demand scenario that ...