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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 ...

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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 ...

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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 ...

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"Block the Box" Crackdown Criticized

Monday, September 15, 2008

The NYPD started cracking down on motorists who block the box last week, but the measure has some police officers upset. Anthony Miranda of the National Latino Officers Association says traffic agents are not trained to stop moving cars and issue summonses, the way police ...

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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 ...

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New Club Taps Into Diversity of Performance Arts

Monday, September 15, 2008

Last night the Signal Ensemble performed Steve Reich's "Music for 18 Musicians" at one of Manhattan's newest venues, Le Poisson Rouge.

Located at the site of the historic jazz club The Village Gate, Le Poisson Rouge is opening at a time when venues of all genres ...

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Lehman Brothers Files for Bankruptcy

Monday, September 15, 2008

Lehman Brothers, a 158-year-old investment bank choked by the credit crisis and falling real estate values, filed for Chapter 11 bankruptcy protection from its creditors this morning and says it's trying to sell off key business units. The filing was made in the U.S. Bankruptcy ...

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Paterson Throws AIG a Lifeline

Monday, September 15, 2008

As nervous investors try to understand the rapidly changing landscape of the financial industry, the State of New York is throwing one troubled company a life line.

REPORTER: Governor Paterson says the state will relax regulations, and allow the American International Group to lend itself $20 ...

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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 ...

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City Will be 20% Seniors by 2030

Monday, September 15, 2008

The city is predicting 20 percent of its population will be senior citizens by 2030 and it's working now to get ready.

REPORTER: Jo Ivey Boufford, head of the New York Academy of Medicine, says the city doesn't necessarily need to provide many new programs, just ...

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Muted Optimism Outside Lehman Brothers

Monday, September 15, 2008

The mood outside Lehman Brothers today was more optimistic than you might expect. Carmine Visone is a managing director and has worked at the investment bank for more than 35 years.

REPORTER: He says he had a great run at Lehman, and that he'll survive, as ...

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Bloomberg Urges Calm Amid Wall Street Woes

Monday, September 15, 2008

In the wake of Lehman Brothers' collapse and the ongoing chaos on Wall Street, Mayor Bloomberg had a few words for a room full of reporters, namely- "Fear Not." WNYC's Arun Venugopal has more. REPORTER: As an extremely successful businessman who also happens to govern ...

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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 ...

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Schumer Wants Fannie and Freddie to Freeze Foreclosures

Sunday, September 14, 2008

U.S. Senator Charles Schumer is calling on the newly tapped chief executives of Fannie Mae and Freddie Mac to temporarily freeze foreclosures on all whole loans held by the companies. Schumer says the freeze is critical to preventing another wave of foreclosures as a result ...

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Health Officials Still Struggling for 9/11 Research Funding

Sunday, September 14, 2008

As another 9/11 anniversary passes, public health officials are still struggling to get funding to research long-term health impacts. WNYC's Bob Hennelly reports.

REPORTER: Even seven years after the attacks, Dr. Joan Reibman with Bellevue's World Trade Center Environmental Health Project says there are more questions ...

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Talks Continue on Lehman's Future

Sunday, September 14, 2008

Discussions over the future of Lehman Brothers are continuing Sunday, according to a spokesman for the New York Federal Reserve. Top officials from the Fed and the Treasury Department joined executives from several Wall Street banks in a meeting at the Fed's Lower Manhattan headquarters ...

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Paterson Says LMDC Should Continue its Work

Saturday, September 13, 2008

Governor Paterson says he wants to hold onto the agency in charge of planning at Ground Zero.

REPORTER: Earlier this week, Mayor Bloomberg suggested eliminating the state's Lower Manhattan Development Corporation, to expedite development at the World Trade Center site. But the Governor says the LMDC ...

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Obesity a Growing Problem for City's Mentally Ill

Saturday, September 13, 2008

Mental health experts are growing concerned about how much their patients weigh.

REPORTER: They're meeting with service providers in the city Saturday to discuss a new report, that says obesity is one of the main health problems for the mentally ill. The report's co-author, Dr. James ...

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Giants and Jets End Talks With Allianz

Saturday, September 13, 2008

The New York Giants and Jets have canceled negotiations on stadium naming rights with a German insurance company that once had ties to the Nazis. Allianz had been seeking a deal to put its name on the stadium being built by both teams in the ...

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Transportation Bill Seeks Relief for MTA

Saturday, September 13, 2008

The MTA is banking on a federal transportation bill that could bring $237 million to New York State.

REPORTER: The majority would go to New York City. The House has already passed the measure. It's intended to bring relief to commuters who've switched to mass transit ...

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