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Key Economic Indicators
Item Rate
CPI: 0.1% (Jul 2017) 
GDP Growth: 3% (2nd Qtr 2017)
Bank Prime Interest Rate: 4.25%
Consumer Confidence: 122.9% (Aug 2017)
Small Biz Confidence: 105.2% (Jul 2017)
Avg Gas Price: $2.66










13 Sep 2012


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New York City Bans Sugary Beverages Over 16 Ounces


Today the New York City council voted to endorse Mayor Bloomberg’s ban on the sale of sugary soda larger than 16 ounces in New York city.  The measure takes effect in 6 months unless it is banned by a judge.  This ban will punish thousands of New York's restaurant owners, the majority of which are small businesses.

The ban prohibit restaurants, delis, food carts, stadium concession stands and movie theaters from selling sugared drinks, such as soda, iced tea, energy drinks, some smoothies and certain coffee beverages, in containers larger than 16 ounces. 

The move is not supported by many small businesses in the restaurant industry.  Many small businesses believe that this action will make them less competitive and will force their customers to go elsewhere.  It will bring in less revenues since soft drinks carry a high margin.

Tthe ban restricts restaurants from serving sweetened beverages in sizes larger than 16 ounces, but individuals can purchase any-sized beverage from a convenience or grocery store.  
 According to the National Restaurant Association they willcontinue to fight this law.  A movement to overturn the law is being pushed by the  New Yorkers for Beverage Choices.  You can join this movement by going to their website.

However, the ban does have its supporters.  The following organizations supports the ban;  the Harlem Children’s Zone, City Harvest, North American Weight Watchers, The Best Life, the South Beach Diet, Jenny Craig, the Dukan Diet, Picture Perfect Weight Loss, Community Healthcare Networks, Craft Restaurants, American Public Association, Food Trust, American Medical Student Association, and others.

News  from The Bloom Report
New Yorkers for Beverage Choices
National Restaurant Association

By Tim Miller










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