Economic Articles

1) A Risk Of Id Theft
    Fraud alerts for credit cards are being suggested for students in Long Island University, due to identity theft. About 25,000 to 30,000 were given letters stating that the tax forms mailed to them were in "defective mailers." Adhesive was missing on one side of the envelope, which lead to half the 1098-T "Tuition Statement" being destroyed by U.S. Postal Service processing machinery. The 1098_T contains the student's name, address and Social Security number. Robert N. Altholz, treasurer and vice president for finance at LIU, has stated that new statements to all students has now been mailed out, using a different dealer, and also notified the state attorney general, state Consumer Protection Board, and state Office of Cyber Security.

2) Home Prices Lowest In 3 Years

    The housing prices have decreased in Long Island and Queens, to their lowest level in roughly about 3 years. However the account of unsold homes, have gone up about 23 percent. However, after years of an stable raise, the prices ended up falling down in 2006. From Nassau County and Suffolk, Queens had a falling price, which made itself to be considered “the hardest hit.” The values of houses seem to be falling everywhere nationally, however after 40 years of increasing numbers, the national median home price had decreased for the first time last year. According to the data from the National Association of Realtors 2007 had ranked the fifth-highest in sales. Experts have claimed that they believe prices will reduce for another two years before it begins to increase again. According to the director of Dowling’s College’s Long Island Economic and Social Policy Institute, who is Martin Cantor, he assumes that It’ll take seven months, f ...
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