March, 2015

Let’s Look Ahead to Summer

We New Yorkers are enduring one of the bitterest winters in the last 25 years. Gasoline prices may be low, but the cost of heating your home or business is now sky-high. On weekends, many of us spend time just looking out the window, hoping the spring thaw will come soon and life will be livable once again.

So rather than just get caught up in the winter malaise, I decided to turn the clock forward and forecast what life will be like in mid-July. No doubt with all the ups and downs in the weather patterns, many of you will be complaining about a recent seven-day heat wave that has made our air quality dangerous and packed our local beaches to capacity. And a few of you will be hoping for that refreshing cold weather to come back.

Congress will probably be going through its eighth legislative crisis of the year. The series of short-term laws that keep the government alive will again be expiring, and there’s a good chance that all of the federal parks will be closing down by Aug. 1 and 500,000 federal employees will face payless paydays. Republican leaders in both houses will be pleading with their ultra-conservative members to pass a bill to keep the government running for another 60 days.

Many of the current front-running Republican candidates for president will drop to the second tier. Say goodbye to Chris Christie, Marco Rubio and Ted Cruz. Keep an eye on U.S. Rep. Peter King as a dark horse for vice president. Republican women will be planning a revolt at the party’s convention a year from now, insisting that there be a woman on the ticket to counteract Hillary. In the meantime, Mrs. Clinton will still be debating her possible candidacy, even though she has more than 100 campaign offices open throughout the country. Vice President Joe Biden will make it clear that he is still available.



Kremer: NYC Hostel Bill Could Boost Tax Revenue, Economy

Kremer: NYC Hostel Bill Could Boost Tax Revenue, Economy

EGS Chairman Arthur “Jerry” Kremer was quoted in The Bond Buyer on new legislation pending before the New York City Council, that would spur the creation and development of hostels attracting young travelers from across the globe.

“New York’s City Council is considering a bill to relax restrictions on European-style youth hostels and, according to its backers, generate tax revenue and $280 million in annual economic activity to the city.

Councilman Mark Weprin from Queens introduced the bill before the city council on Monday while visiting hostel executives from Europe met with Mayor Bill de Blasio.

“The meeting with the mayor was positive,” Feargal Mooney, chief executive of online booking platform Hostelworld International, said in an interview in The Bond Buyer‘s newsroom. “He had an open mind and was quite pleased. He realized that a lot of work went into the legislation and that it was well-thought out.”

Paul Halpenny, group director of supply for Hostelworld, said the $280 million would include ancillary spending such as restaurants, bars and other entertainment.”

Read the complete article here

8 Questions with Attorney General Eric Schneiderman

8 Questions with Attorney General Eric Schneiderman

Long Island Pulse  asked  Jerry Kremer to interview New York State Attorney General Eric Schneiderman. Their conversation encompassed everything from Long Island’s progress in the fight against prescription and street opiates to labor and gun laws and tensions between police and civilians.


Jerry Kremer: What is your evaluation of measures like I-STOP that are geared at controlling Long Island’s prescription drug problem?

Eric Schneiderman: I-STOP has been a tremendous success. When I took office, I proposed legislation that created the nation’s first real-time tracking system for the most additive prescription drugs, which has helped prevent drug addicts from doctor shopping. Since I-STOP took effect the Department of Health has reported that incidents of doctor shopping are down 75 percent in New York.

Click here for more questions and answers