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Council Members Concerned With New Cuts in Police and Education

Thursday, September 25, 2008

Wall Street's slide has prompted the Bloomberg Administration's call for hundreds of millions of dollars in mid-year spending cuts. So far the City Council is most concerned about the impact cuts would have on the Police Department and public schools. WNYC's Bob Hennelly has more.

REPORTER: ...

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Lawmakers Reach Agreement in Principle on Wall Street Bailout

Thursday, September 25, 2008

Some of the provisions they've agreed on include oversight by Congress, limits on executives' pay, and an installment plan for $700 billion.

New York Rep. Carolyn Maloney sits on the House Financial Services Committee. She says the money Treasury Secretary Henry Paulson is requesting is a ...

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Debate Night Schedule

Thursday, September 25, 2008

7PM on AM 820 The Next President

7PM on 93.9 FM "Our Lenny" Festival

8PM on AM 820 and 93.9 FM Election Reset with Brian Lehrer

9PM on AM 820 and 93.9 FM Presidential Debate with Jim Lehrer

11PM on AM 820 NPR Debate Special plus a live national call-in

11PM on 93.9 FM New ...

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Another Volatile Day on Wall Street

Thursday, September 25, 2008

It was another volatile day on the stock market, with the Dow Industrial Average closing a half hour ago down 29 points, or 0.3 percent. The NASDAQ composite index increased 2.35, or 0.1 percent, to 2,155.68, led by a rally in chipmakers.

In Washington, DC, Federal ...

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Bidding Deadline Looms for Starrett City

Thursday, September 25, 2008

Unless a last minute offer comes in today, there are two potential buyers for Brooklyn's Starrett City. WNYC's Cindy Rodriguez has on the sale of the largest subsidized housing complex in the country.

REPORTER: The first time owners attempted to sell the property the winning bid ...

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Largest Gathering of Poets in the Nation

Thursday, September 25, 2008

The Geraldine R. Dodge Poetry Festival is a diverse, dizzying array of verse that draws thousands of people to western New Jersey. Jim Haba, poet, professor and director of the four-day festival says being a poet in America can be a lonely enterprise, but that ...

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Poll Shows Races Tighten for Control of State Senate

Wednesday, September 24, 2008

The chamber is currently split, 31-to-30. A two-vote swing would give Democrats their first State Senate majority in more than four decades.

The Siena poll focuses on six races. One of the tightest in the state is in the Ozone Park area of Queens, between 10 ...

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Local Governments Feel the Budget Pinch

Wednesday, September 24, 2008

Wall Street's woes are hitting New York City and New York State budgets hard. But as WNYC's Bob Hennelly reports, the toll on smaller local governments is every bit as serious.

REPORTER: Local towns and school districts throughout the state depend on property taxes. So the ...

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Indictments of Traffickers Gets Weapons off Street

Wednesday, September 24, 2008

Five men accused of selling thousands of dollars of illegal weapons to undercover NYPD detectives are under indictment.

Queens District Attorney Robert Browne says the indictments will ultimately make New York safer.

BROWNE: Illegal hand guns exact a deadly toll. Last year for example in Queens, 60% ...

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Corzine to Introduce Ethics Reforms

Wednesday, September 24, 2008

New Jersey Governor Jon Corzine wants to reduce the influence of money on the state's political system. Today he plans to announce a broad package of ethics reforms, some of which would be done through executive order, while others would need legislative approval. This is ...

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Armory Show Explores 'Democracy in America'

Wednesday, September 24, 2008

"Democracy in America" — it's a big agenda and it's also the title of a show up this week at the Park Avenue Armory. There's work from more than 40 artists — taking on the political issues of our time. WNYC's Siddhartha Mitter checked it ...

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Landing Pads for Company Executives Flourish

Wednesday, September 24, 2008

Laid off Wall Street executives don't just stand in line at the unemployment office. Their employers sometimes include "transition services" as part of a severance package. As WNYC's Matthew Schuerman reports, the companies behind these services have flourished as the economy has worsened.

REPORTER: These high-end ...

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Homeless Reduction Falls Short of City's Goal

Wednesday, September 24, 2008

The Bloomberg administration is coming under pressure for failing to meet its goal of reducing homelessness by more than 60 percent by 2009. So far, shelter numbers have dropped 9 percent - that's less than 4,000 people. During a hearing yesterday, City Councilman Bill de ...

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MTA Says No More Free Passes On Bridges And Tunnels

Wednesday, September 24, 2008

The authority's full board approved a measure revoking the practice of giving government agencies and departments free EZ-Passes.

The MTA says it will bring in $10 million it can use to plug its budget deficit. But Mark Page, one of Mayor Bloomberg's representatives to the MTA ...

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Mayor Says City Employees Should Survive Wall Street Fall

Wednesday, September 24, 2008

Mayor Bloomberg says there's no telling how far Wall Street might fall, but he thinks the city can weather the storm with a combination of spending cuts and, possibly, property tax increases.

BLOOMBERG: I don't think we will get to the point of layoffs. I don't ...

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Bloomberg Orders More Budget Cuts

Wednesday, September 24, 2008

The Bloomberg Administration is asking all City agencies to make hundreds of millions of dollars in spending cuts for the current fiscal year. And as WNYC's Bob Hennelly reports, even more pain is in store for next year.

REPORTER: City Budget Director Mark Page says Wall ...

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New York Film Festival Kicks Off Friday

Wednesday, September 24, 2008

The New York Film Festival is a curated, boutique festival showing 28 films from 18 countries. Film critic Nathan Lee joined Richard Hake to discuss what's hot this year.

More from Nathan Lee on Art.Cult

More on the New York ...

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Gypsy Music Festival Hits New York

Tuesday, September 23, 2008

DJs spinning souped-up versions of old European folk songs have been drawing crowds in Europe and in the US for the past several years. A notoriously rowdy downtown club called Mehanata was the original focal point in New York. Now, the scene has spread to ...

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The Museum of Arts and Design Opens in Columbus Circle

Tuesday, September 23, 2008

The Museum of Art and Design opens this Saturday. Its gone through several transformations in its over 50 year history: new names, new buildings and even a little controversy. Now it's set up in a newly refurbished building at 2 Columbus Circle. Lee Rosenbaum is ...

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Investors' Eyes on Capital Hill Bailout Hearing

Tuesday, September 23, 2008

The financial markets resumed their pullback today as investors worry that lawmakers are losing a sense of urgency on a bailout plan for financial institutions. The Dow closed down nearly 1 1/2 percent and the Nasdaq was also down more than 1 percent.

Investors watched as ...

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