The House Ethics Committee voted to begin an inquiry on Representative Charles Rangel's actions. Rangel's use of Congressional letterhead to solicit donations for a center being built in his honor, multiple rent-stabilized apartments, unreported income from a second home, and other unreported income from property sales have put the powerful Chairman of the House Ways and Means Committee under the microscope (in many of the cases, Rangel has pleaded ignorance). Rangel's lawyer said, "We look......

The Post suggests that Representative Charles Rangel's income may now be above $200,000, which is more than the $175,000-ceiling to qualify for rent-stabilized apartments. Rangel up until very recently occupied four rent-stabilized units at Lenox Terrace, three for living and one as an office (he gave up the office after the disclosure). Previously, Rangel claimed his income was around $175,000, but there are recent revelations about unreported income from a vacation villa, unreported property sales,......

The NY Times treats us to a trend piece, sounding off the alarms of a newsflash: ambitious young people subsist on low incomes in NYC! Some choice quotes are sprinkled throughout:“For a little while I only ate grapefruits for my lunch because they have a lot of nutrients and they got me through the day.”“If I shop, I can’t have a social life and I can’t eat.”Before moving from San Francisco last fall, Ms. Werkheiser......

A report released by the Center for Immigration Studies shows that foreign born immigrants living in New York are socioeconomically closer to the average citizen than elsewhere in the country. The study says that New York immigrants are more likely to be in the country legally, have health insurance and tend to be better educated. The New York Times reports that the states with the widest income gaps between immigrants and citizens are California, Texas,......

The Bureau of Labor Statistics has released data showing Manhattan as the country's highest paid place. Thanks to financial executives' salaries, the average weekly salary for a Manhattanite is $2,821. The next highest weekly salary in the country is Fairfield, Connecticut - $1,979. The figure reflect the heady first quarter of 2007. The rest of New York City residents make more modest amounts. Queens residents make an average of $831/week, followed by $788 made in......