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ICYMI: Off-Beat Business

Wednesday, August 08, 2012

You’ve see the headlines, read the front pages and checked out the business section. But In Case You Missed It, here are a few, under-the-radar business stories you might have overlooked.

Credit Unions Grow In New York
Following big bank failures, lack of trust in major institutions and the Occupy Wall Street movement, memberships and deposits at credit unions have been growing dramatically this year, according to the Buffalo News.  From January through March alone, New York credit unions added 56,000 members, the paper reports.  And business loans are up as well.  They've risen 14.6 percent in the year ending in March.

Free Food For Yahoo
Yahoo employees in New York will be finally treated like their California counterparts, at least during lunchtime, thanks to new CEO Marissa Mayer, Business Insider reports. Competitors like Google, as well as Facebook and other tech companies already foot the bill for their employees' lunch. The plan is expected to make Yahoo a more desirable place to work.

An Open Call for Theft-Proof Chairs
Battery Park's Battery Conservancy is accepting design concepts for new lightweight folding chairs tagged with radio frequency identification chips to deter thieves from lifting them from Battery Green, an open space in the park downtown, reports DNAinfo.com.  The designer who wins the contest will receive a $10,000 prize.

Queens Competitive Texter Eyes a $50,000 Prize
One Queens teen is competing for a $50,000 prize for being the fastest texter in the country at the LG U.S. National Texting Championship, the Daily News reports.  The 16-year-old contender, Kent Augustine from Jamaica, Queens, says he's had plenty of practice, at one point sending 2,000 to 3,000 text messages per month.

Electric Bike Confusion Irks New Yorkers
Restaurant delivery people may ride electric bikes to make their rounds, but they're actually illegal and could lead to hefty fines.  That is, if the cops actually know they're illegal, according to The New York Observer. Laws regarding the bikes are contradictory and confusing, according to the Observer.

How Medicaid Could Help Fund Hospital Overhauls
New York City hospitals and public health programs could get additional funding thanks to cost savings as a result of Medicaid reform, according to Crain's New York Business. New York State has asked the federal government for the $10 billion it expects to save thanks to the reform.  Those funds would go toward planning, electronic record keeping, better primary care and behavioral health improvements.

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