Quantcast

Streams

Gauging School Progress

Wednesday, September 17, 2008

Yesterday, Mayor Bloomberg rolled out the second round of progress reports on the city’s public elementary and middle schools. Overall, the grades improved greatly from last year. But the reports’ complicated formula – and the emphasis on standardized test scores – have drawn much criticism.

Joining ...

Comment

US to Take Over AIG in $85 Billion Bailout

Wednesday, September 17, 2008

Governor Paterson says the federal government's bailout of insurance giant AIG will help stave off a fiscal crisis for New York state. WNYC's Isaac-Davy Aronson reports.

REPORTER: Governor Paterson and his superintendent of insurance, Eric Dinallo, had lobbied hard for the Fed to step in, with ...

Comment

Paterson Defends Push for AIG Bailout

Wednesday, September 17, 2008

New York's governor, David Paterson, says his conscience is "clear" over his push to have the federal government bail out insurance giant AIG. He says AIG's demise would have had "unpredictable" consequences for the economy, from hedge funds to life insurance. WNYC's Brian Lehrer asked ...

Comment

Is Stuy Town a Money Loser for Tishman?

Wednesday, September 17, 2008

Tishman Speyer and BlackRock realty paid $5.4 billion to purchase Stuyvesant Town and Peter Cooper Village on Manhattan’s East Side. The deal was touted as the most expensive real estate deal in American History and two year later it’s looking like a money loser. One ...

Comment

Tenants Groups Sue Rent Board

Wednesday, September 17, 2008

This summer the Rent Guidelines Board took the unusual step of approving higher increases for tenants who've lived in their rent-regulated apartments a long time and who pay some of the lowest rents. But a recent lawsuit challenges that decision. WNYC's Cindy Rodriguez reports.

REPORTER: This ...

Comment

Court Oversight of Homeless Services Dept. Ends

Wednesday, September 17, 2008

Twenty-five years of court oversight has ended for the city's Department of Homeless Services. The city has reached a settlement with the Legal Aid Society, which sued during the Koch Administration in 1983 over the way the city treats its homeless families seeking shelter for ...

Comment

Report Shows City Making Progress on Several Fronts

Wednesday, September 17, 2008

It was Mayor Koch who used to ask rhetorically "how am I doing?"

Thanks to the annual Mayor's Management Report it's possible to provide a pretty detailed answer.

WNYC's Bob Hennelly has more from City Hall.

This year's report indicates the city is making progress on many fronts, ...

Comment

Rangel to Stay in Powerful Congressional Post

Tuesday, September 16, 2008

There will be no shake up at the congressional Ways and Means committee.

The dean of the New York delegation, Congressman Charlie Rangel, never considered stepping down from his powerful seat as chairman of the tax-writing committee. That's according to his lawyer, Lanny Davis, who held ...

Comment

Port Authority Approves Freedom Tower Contracts

Tuesday, September 16, 2008

Despite the current global financial turmoil, the Port Authority's Board of Commissioners went ahead today and approved several key contracts for the construction of the Freedom Tower.

WNYC's Bob Hennelly was there and has this report.

Fully 95 percent of the contracts needed to complete the $3 ...

Comment

Lehman Collapse Ripples in New Jersey

Tuesday, September 16, 2008

Just a few months ago New Jersey public pension managers bought $120 million in the now bankrupt Wall Street investment bank Lehman Brothers. WNYC's Bob Hennelly has more.

REPORTER: A spokesman for New Jersey Treasurer David Rousseau confirms the $120 million ill-fated Lehman stock purchase back ...

Comment

Fewer Schools Get F Grades

Tuesday, September 16, 2008

The city's elementary and middle schools have received their second annual progress report cards from the Department of Education. WNYC's Arun Venugopal has more. REPORTER: The progress reports suggest that the city's schools are doing far better this year, with half as many F's and ...

Comment

Troubled Firm Could Shake Up Manhattan Real Estate

Tuesday, September 16, 2008

Lehman Brothers' bankruptcy will likely have domino effects on other industries, especially if it decides to sell its Times Square headquarters and sublease other space it uses. WNYC's Matthew Schuerman has more.

REPORTER: Throughout Manhattan, the bank occupies a total of about 2.7 million square feet ...

Comment

'Piss Christ' Artist Returns

Tuesday, September 16, 2008

Photographer Andrés Serrano first became a household name in the late 1980s. One of his photographs, "Piss Christ," showed a crucifix immersed in the artist’s urine. The late Senator Jesse Helms turned it into Exhibit A in his crusade against public arts funding. Serrano has ...

Comment

Lehman Employees Cope With Uncertain Climate

Tuesday, September 16, 2008

The British Bank Barclays has agreed to acquire Lehman Brothers' North American investment banking and capital markets businesses for $250 million in cash, and will also purchase Lehman's New York headquarters and its two data centers in New Jersey for $1.5 billion.

This deal could be ...

Comment

Rangel Holds Onto House Chairmanship Amid Inquiry

Tuesday, September 16, 2008

Congressman Charles Rangel emerged from a private meeting with fellow lawmakers last night having survived another day as chairman of the House tax writing committee despite lingering questions about his personal finances and unpaid taxes on a beach house.

The longtime Harlem representative said he couldn't ...

Comment

Advice for Job Seekers: Don't Wait

Tuesday, September 16, 2008

Thousands of people in New York City are expected to lose their jobs in the coming weeks, as Lehman Brothers goes through bankruptcy and Merrill Lynch is absorbed by Bank of America. To talk about the impact on New York's job market, and how job-seekers ...

Comment

Paterson: AIG Allowed to Borrow from Subsidiaries

Monday, September 15, 2008

As the financial markets continue to roil, Governor David Paterson steps in to help ailing insurance giant AIG. WNYC's Elaine Rivera reports. In an unusual move, Paterson says he'll allow the American International Group - the world's largest insurer - to use $20 billion in ...

Comment

Top Officials Speak Out on Wall Street Turmoil

Monday, September 15, 2008

The turmoil on Wall Street has caught the attention of top elected officials. Governor Paterson and Mayor Bloomberg have scheduled separate news conferences this hour to talk about the crisis brought on by the demise of Merrill Lynch and Lehman Brothers.

REPORTER: Crain's New York Business ...

Comment

State and City Economies Will Feel Effects of Wall Street Turmoil

Monday, September 15, 2008

The job losses that are likely to come from the bankruptcy of Lehman Brothers and the sale of Merrill Lynch to Bank of America will affect the economies of New York City and New York State.

REPORTER: But Greg David, editor in chief of Crain's New ...

Comment

Pilot Program to Reserve Lanes for Slow Buses

Monday, September 15, 2008

City officials are trying to speed up one of the slowest buses in the city. Officials are set to unveil new bus lanes along 34th Street today. Only cars and trucks turning right will be allowed in the new lanes, which run from 1st Avenue ...

Comment