『Trump war with Iran causes daily expenses to rise significantly for Long Islanders』のカバーアート

Trump war with Iran causes daily expenses to rise significantly for Long Islanders

Trump war with Iran causes daily expenses to rise significantly for Long Islanders

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 A potential Long Island Rail Road strike could have a “catastrophic” impact on local economy and employees’ ability to get to work sites, shops and offices. The region could see a daily loss of $70 million in economic activity, according to past analysis adjusted for inflation. Local employers, both large and small said they are weighing contingency plans on how to get employees to job sites.Victor Ocasio reports in NEWSDAY that the Long Island Rail Road transports more than 270,000 weekday riders each day, and a strike would disrupt the local economy and create ripple effects on businesses that rely on rail access, business leaders and economists said. Businesses, from restaurants and hospitals to retail, construction and tourism, could stand to lose tens of millions in economic activity, experts said.“The LIRR is an economic lifeline for Long Island and a critical artery for the entire downstate economy,” said Stacey I. Sikes, acting president and CEO of the Long Island Association business group. “A strike could create immediate disruptions for hundreds of thousands of commuters and employees.”Steven Kent, chief economist for the Long Island Association said, “We on Long Island have not experienced this kind of disruption for a very long time,” said Kent, an associate professor of economics at Molloy University’s School of Business. The LIRR last went on strike in June 1994. The next LIRR strike could start this coming Saturday at 12:01 a.m.While businesses in certain professional services, such as accounting, the legal field, or IT support, have tools in place for remote work following the pandemic, many industries, including construction and retail don't, Kent said. Many workers will still need to travel within Long Island or to the city "whether the railroad is working or not."As a result, Long Island's highways may become even more gridlocked, leading to lost productivity even for businesses with local staff, Kent said. Kristen Porciello, vice president of operations at the Hotel Indigo in Riverhead said the loss of any modes of transportation ahead of Memorial Day weekend posed a risk to hotel stays. Industry officials said it could also slow the collection of hotel and motel taxes.“This is our busy season. This is the season that people come out for,” Porciello said. “Anything that could stop that could hurt bookings.”***Gasoline prices on Long Island and in the metropolitan area overall rose a whopping 33.9% last month compared with a year ago as the war with Iran continued to disrupt oil production and transportation.That was the fastest rate in nearly four years — and followed March’s 18.2% increase in the cost of gas.James T. Madore reports in NEWSDAY that the surge in pump prices led to higher inflation overall in the metro area and nationwide last month with the consumer price index rising at its quickest pace in three years. The index was released yesterday by the U.S. Bureau of Labor Statistics.The acceleration of war with Iran which began Feb. 28, has reversed the year-over-year decline in the cost of gas seen in January and February, as well as in much of 2025.Prices on Long Island have continued to climb this month. The average price of a gallon of unleaded was $4.53 yesterday, up from $4.35 on May 1, according to AAA.Economists predicted more of the same at least in the short term, with some saying inflation will peak next month."Shoppers face a costly summer ahead," said John A. Rizzo, an economist and Stony Brook University professor, adding the higher gas prices coincide with the Trump administration’s tariffs on imported goods."Businesses are passing on the import taxes directly to customers. At the same time, high oil prices and summer gas fees are making it pricier to ship food and store goods," which leads to increases in retail prices, Rizzo said.The overall consumer price index for the 25-county region, including Long Island, rose 4.6% last month compared with April 2025. That was the fastest pace in three years.***Riverhead High School’s honor music students returned home from Philadelphia with some of the top honors awarded at the Music in the Parks festival earlier this month. Denise Civiletti reports on Riverheadlocal.com that the R.H.S. wind ensemble, jazz ensemble, chamber orchestra and chamber choir all earned superior ratings at the regional competition, with the wind ensemble and jazz ensemble each being named best overall in their categories.The wind ensemble captured first place and Best Overall Concert Band, while the jazz ensemble earned first place and Best Overall Jazz Ensemble honors. The chamber orchestra also took first place with a superior rating, and the chamber choir earned second place with a superior rating.Two Riverhead High School students also received individual recognition for their performances. Senior Christian Seymour was named Best Overall Jazz Soloist and junior Jarell Gilliam earned Best Overall ...
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