Streams

ACORN takes $1.5 Million from Ratner

Wednesday, December 03, 2008

The local chapter of ACORN helped get Brooklyn's Atlantic Yards project approved. Now, the developer is helping out the non-profit housing group.

An ACORN spokesman says Forest City Ratner gave it half a million dollars, and is loaning the group another $1 million at a difficult ...

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Schumer: Housing "Vultures" Hurt NYC

Wednesday, December 03, 2008

Sen. Charles Schumer says developers took out risky loans to purchase dozens of affordable housing complexes across the city. He's asking the Securities and Exchange Commission to investigate what housing advocates say were lax lending practices. Schumer says the owners mistakenly predicted they could raise ...

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Guns and Football

Wednesday, December 03, 2008

Guns and football. It's a combination that's far more common than just the Plaxico Burress incident this weekend. The Giants put an end to the star wide receiver's season and suspended him for action's "detrimental to the team." But Burress is certainly not the only ...

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Paterson Takes Blame for Haiti Donation Error

Wednesday, December 03, 2008

Gov. Paterson is taking responsibility for thousands of donations for hurricane victims in Haiti that were never sent out. Two hundred and seventy thousand pounds of food and water were collected since September, but the donations have been held at the Bedford Armoury in Brooklyn ...

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Rockefeller Tree Lighting Tonight

Wednesday, December 03, 2008

The lights will twinkle in Midtown tonight when they flip the switch on the Rockefeller Center Christmas Tree. The eight-ton 72-foot Norway spruce will be illuminated just minutes before 9 p.m. It has been decorated with tens of thousands of colored lights and a giant ...

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MTA Funding Plan Released

Wednesday, December 03, 2008

Commuters may not have to dig as deep into their pockets for bus or subway fare. A report by the Ravitch Commission says new corporate payroll taxes could reduce the need for next years proposed 23 percent fare and toll increase.

The state commission, suggests taxing ...

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Red Hot +Rio

Wednesday, December 03, 2008

Almost 20 years ago, the "Red Hot" organization came up with a strategy to raise awareness and money around HIV/AIDS prevention. They presented big benefit concerts and multi-cultural, multi-artist recording projects. The original album, Red Hot and Blue, featured pop singers taking on Cole Porter ...

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Private Partnerships = Public Public Payoff

Wednesday, December 03, 2008

A former banker says going public ruined investment banking.

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Governors Meet with President-Elect to Discuss Possible State Bailouts

Tuesday, December 02, 2008

President-elect Barack Obama met with 41 of the nation's governors in Philadelphia, including those from New York, New Jersey and Connecticut.

Obama told the governors he wants their input on an economic recovery package to help their states.

OBAMA: I'm not simply asking the nation's governors to ...

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Campaign Coffers

Tuesday, December 02, 2008

Candidates running for city council for the first time are suing the city's Campaign Finance Board, saying it is favoring incumbent council members who decided to run for re-election after the term limits law was changed.

The board is allowing those council members to keep money ...

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More on Entergy v. Riverkeeper

Tuesday, December 02, 2008

Both sides are preparing to make their arguments today before the U.S. Supreme Court in the case of Entergy Corporation v. Riverkeeper.

The owner of the Indian Point nuclear power station is petitioning to halt an order that would require an expensive new cooling system be ...

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Court Weighs Power Plant Costs vs. Protecting Fish

Tuesday, December 02, 2008

Today the Supreme Court will hear arguments that could affect future operations at the Indian Point nuclear power station north of New York City. WNYC's Ilya Marritz has more.

REPORTER: At issue is the system Indian Point uses to cool its two reactors. The plant draws ...

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D is for Default

Tuesday, December 02, 2008

Private investors and Albany both grapple with housing foreclosures.

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Governors to Press Obama for Help With Shortfalls

Tuesday, December 02, 2008

Today, 40 of the nation's governors, including governors Corzine and Paterson, will be in Philadelphia to make their case to President-elect Obama for quick federal aid. WNYC's Bob Hennelly has this preview.

REPORTER: Collectively, the states are sinking in a sea of rising red ink as ...

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Bagging the Habit

Tuesday, December 02, 2008

A bill creating a statewide plastic bag recycling program in New York is now on Governor Paterson's desk and New York City's council is urging the governor to reject it.

Speaker Christine Quinn says the bill would undercut the city's own fledgling plastic bag recycling program. ...

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Improving the Doorway to Elevator Safety

Tuesday, December 02, 2008

Manhattan Borough President Scott Stringer says the city Housing Authority could have prevented the death of a 5-year old boy last August, if only it had installed a device that prevents elevator doors from opening between floors.

STRINGER: This is a $400 part that would have ...

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NY Commission Calls for Property Tax Cap

Tuesday, December 02, 2008

Governor Paterson is getting support in his effort to cap New York State's property tax rate. A new report from his Commission on Property Tax Relief recommends ways the state could cap local school taxes.

The Commission's Chair, Nassau County Executive Tom Suozzi, says the report ...

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2nd FBI Informant Takes Stand in Fort Dix Trial

Monday, December 01, 2008

Testimony will resume today at the trial of five men accused of plotting to kill soldiers at Fort Dix. Jurors are due to hear from another paid government informant, Besnik Bakalli.

Prosecutors acknowledge Bakalli has a record that includes shooting someone in his native Albania and ...

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The Big Payback

Monday, December 01, 2008

Banks usually overestimate what they owe on their quarterly taxes, and claim adjustments at the end of the year.

Mayor Bloomberg says during healthy economies, the city has typically paid back corporations about $250-million.

BLOOMBERG: this year we've already had $800-million in overpayments and November and December ...

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Can Biotech Grow New Jobs?

Monday, December 01, 2008

Fred Mogul reports on efforts to build a science park in Manhattan.

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