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Bailout Plan: From Wall Street to Main Street

Thursday, October 02, 2008

As Congress continues to debate a $700 billion financial industry bailout, a fundamental question that's been raised is how the plan will save businesses and consumers on Main Street and not just bail out Wall Street firms. Some analysts believe the Bush administration has failed ...

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Coalition Prepares to Fight Proposed Changes to Term Limits

Thursday, October 02, 2008

In anticipation of Mayor Bloomberg's expected announcement that he wants to overturn term limits so he can run for four more years in office, a coalition opposing the move is gaining steam.

The head of the good government group Citizen's Union says he is working to ...

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Anticipating the Vice Presidential Debate

Thursday, October 02, 2008

There is a lot riding on the first and only vice presidential debate, especially for Republican candidate Sarah Palin.

WNYC's political director Andrea Bernstein is at Washington University in St. Louis.

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New Schedule for WTC Redevelopment

Thursday, October 02, 2008

After years of setting deadlines and pushing them back, a new definitive construction schedule for the World Trade Center redevelopment will come out later this morning. It will replace one devised by Governors Pataki and Spitzer that Governor Paterson has called too optimistic.

A Port Authority ...

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The Legacy of Leonard Bernstein

Thursday, October 02, 2008

WNYC is taking part in a city-wide festival celebrating Leonard Bernstein. Soterios Johnson talks to music critic, Steve Smith, about the composer, musician and educator's legacy.

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Poking Fun at Palin

Thursday, October 02, 2008

Gov. Sarah Palin arrives at the vice presidential debate tonight as a near-overnight celebrity. But with her interviews few and far between, a lot of what we know about her – or what we think about her – has been supplied by comedians. WNYC’s Siddhartha ...

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Dance Performance Debuets On Performance Center

Thursday, October 02, 2008

LaFrance is known for dance performances she's staged in unique places around New York City, like a 12 story stairwell, a parking garage and even in the abandoned McCarren Park Pool in Brooklyn.

The new dance, called 'Rapture,' places five performers on Bard's sleek, metallic building, ...

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Police Lieutenant Involved in Taser Death Found Dead

Thursday, October 02, 2008

The police lieutenant who ordered the use of a Taser stun gun that led to the death of a Brooklyn man last week is dead of an apparent suicide.

Lieutenant Michael Pigott was found at Floyd Bennett Field in Brooklyn early this morning dead of an ...

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Council Speaker Quinn is OK With Changing Term Limit Law

Thursday, October 02, 2008

Mayor Bloomberg is introducing a bill in the City Council to extend term limits for another four years. He announced his intentions during a packed news conference in the City Hall Blue Room today.

If passed, the measure would also extend the terms of city council ...

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Port Authority Releases New Budget & Time Table on WTC Site

Thursday, October 02, 2008

Port Authority Executive Director Chris Ward says he is giving priority to the 8 acre memorial.

In fact, he says the authority will absorb $75 million in extra costs to enable at least part of the memorial plaza to open by the 10th anniversary of the ...

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Mayor Bloomberg Ready for Third Term

Thursday, October 02, 2008

In announcing his push for a third term, a somber Mayor Michael Bloomberg said he is motivated by a looming global financial meltdown that could have dire consequences for New York City.

He said the pending 700 billion dollar Wall Street bailout bill was no silver ...

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New Bike Racks on Astor Place

Wednesday, October 01, 2008

Bike riders have a new place to park in the city. On Astor Place, officials have installed 10 colorful and geometric bike racks to encourage more cycling. Paul Steely White from Transportation Alternatives praised the effort.

STEELY WHITE: These new racks, particularly if they're installed in ...

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Bloomberg Expected to Seek a Third Term

Wednesday, October 01, 2008

In a move that promises to alter the city's political landscape, Mayor Bloomberg is expected to go for a third term. After dangling the possibility before the media for months now, people who've been briefed by the mayor say he'll make his intentions known tomorrow. ...

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Financial History vs. Reality

Wednesday, October 01, 2008

Wall Street zigzagged through a relatively calm session, closing with modest losses as financial markets uneasily awaited a Senate vote on the government's banking sector bailout.

Columbia University's Professor Sharyn O'Halloran is a political economist. She explains how today's situation is NOT like the Great Depression.

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Financial Rescue Plan: Bailout or Investment?

Wednesday, October 01, 2008

The Bush administration is searching for a new way to sell its financial rescue plan after acknowledging some blunders and missteps in presenting it the first time around. One big change: insist it's not a Wall Street "bailout."

The focus has switched away from financial institutions, ...

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How Relevant Is The Stock Market During Financial Crisis

Wednesday, October 01, 2008

Many of us are probably watching the stock market to track the financial crisis. But economists often look at more obscure numbers - to assess the confidence among banks and investors.

WNYC's Lisa Chow reports.

There's the interest rates on US Treasuries which have been near zero. ...

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GAO Says FAA Can't Auction Flight Slots

Wednesday, October 01, 2008

Congressional investigators say federal aviation officials have no legal authority to auction off flight slots, a scheme the government devised to try to cut crippling traffic jams at major airports including Kennedy, LaGuardia and Newark.

The report from the Government Accountability Office comes amid a legal ...

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A New Approach for Dealing with Teenage Prostitutes

Wednesday, October 01, 2008

New York is taking a new approach to dealing with teenage prostitutes. Governor Paterson has signed a bill that requires them to be treated as sexually exploited youths rather than criminals.

The new law goes into effect in 2010. It requires law enforcement officials to offer ...

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NJ Governor Corzine Questions Proposed Toll Hikes

Wednesday, October 01, 2008

Governor Corzine says he doesn't want potential toll hikes to be as high as what's been proposed.

Corzine says he's open to approving toll increases to fund transportation improvements, but he is ordering the Turnpike Authority to first pare down its $480 million operating budget.

The governor ...

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