Streams

Governor to Introduce Bill to Address Mortgage Crisis

Wednesday, March 05, 2008

Governor Spitzer will soon introduce a sweeping bill to address the state's subprime mortgage crisis.

REPORTER: There are more than 3-thousand mortgage shops and brokers which have been the source of many bad loans... Banks Superintendent Richard Neiman says Spitzer's proposal would regulate them more aggressively.

NEIMAN: What this bill will do ...

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Albany Looks to Regulate Bariatric Surgery

Tuesday, March 04, 2008

REPORTER: It would be the first time the state does “selective contracting” - driving all Medicaid expenditures for specific procedures to a handful of select institutions that bid for contracts.

State health officials say it would lower cost and improve quality, because the selected hospitals would perform more surgeries and become ...

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Mayoral Control of Schools Debated

Tuesday, March 04, 2008

REPORTER: Mayor Bloomberg has had control of the school system for 5 years and Albany will soon consider whether his successor should keep that power.

Several councilmembers criticized the mayor for not reaching out to the community enough. That was one point that Chancellor Joel Klein was willing to give opponents, ...

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Deal to Ease Lending Crisis Announced

Tuesday, March 04, 2008

REPORTER: Andrew Cuomo says Fannie Mae and Freddie Mac will stop doing business with lenders who use their own appraisers.

In exchange, the Attorney General's office has dropped its investigation of the companies.

A local trade group says the deal will make borrowing more expensive for the consumer and needlessly difficult for ...

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Engineer Charged With Perjury

Tuesday, March 04, 2008

REPORTER: An engineer charged with perjury has pleaded not guilty for allegedly lying to city investigators studying a building collapse that killed 2 firefighters in 2006.

Jose Vargas was arraigned in State Supreme Court in the Bronx yesterday.

He said there were steel beams in the building when it was constructed, when ...

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Ex-Mayor's Affair "Obvious" to Staffers

Tuesday, March 04, 2008

The longtime secretary to former Newark mayor Sharpe James told a jury in his corruption trial that James' affair with a city businesswoman was obvious to her and other City Hall staffers.

Rosemarie Posella says James' relationship with Tamika Riley started in 1999, hit a rough patch in 2003, and continued ...

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Bloomberg Asks for Additional 3% Spending Cut

Tuesday, March 04, 2008

In a sign of troubled economic times, Mayor Bloomberg has asked all city agencies to trim spending by another three percent for fiscal year 2009, which begins July first.

REPORTER: The mayor's request comes on top of an earlier request to trim those budgets by five percent.

BLOOMBERG: Hopefully it will not ...

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City Blocks Sale of "Birthplace of Hip-Hop"

Tuesday, March 04, 2008

The city's decision to block the sale of a building that some call the birthplace of hip-hop may set a precedent that could keep other buildings affordable for their current tenants.

REPORTER: Housing activists are applauding the city's ruling that the financial terms of the sale would drive rents too high ...

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Detective "Uncomfortable" Night of Bell Shooting

Tuesday, March 04, 2008

A detective testifying yesterday in the trial of the 3 detectives charged in the fatal shooting of Sean Bell said he felt uneasy from the start of the undercover operation at the Kalua Cabaret, where the shooting took place.

Detective Hispolito "Hip" Sanchez said he "felt uncomfortable," suggesting police were unprepared ...

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Embattled Livery Driver Speaks Up

Tuesday, March 04, 2008

An immigrant livery driver from Ecuador, who's being called both a hero and liar, faced the press yesterday and tried to explain why he made up a story about the baby he left at a Queens firehouse last Thursday.

WNYC's Cindy Rodriguez reports.

OUTRO: And there are reports this morning that the ...

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Senate Approves Paid Leave Bill

Tuesday, March 04, 2008

A measure that would allow workers in New Jersey to take paid leave to care for a sick relative or newborn is 1 step closer to becoming law.

The State Senate approved the bill by a 22-16 vote yesterday.

It now heads to the Assembly, which is expected to consider it in ...

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The Latest from Albany

Tuesday, March 04, 2008

There may be less money to go around this year in Albany, but this year's budget battle has no shortage of political intrigue.

The majority enjoyed by Republicans in the State Senate is now down to 1 seat following a special election that Democrats won last week.

Meanwhile, the state's top Republican, ...

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NYers Volunteering in Texas Ahead of Primary

Monday, March 03, 2008

After more than a year, the Democratic contest for president appears to be reaching a climax. WNYC's Bob Hennelly is in Texas and finds New York volunteers at the center of the action.

REPORTER: Business consultant Cheryl Gerber left upstate Kingston to come to Austin to put her Spanish to work ...

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Sander Gives First State of MTA Address

Monday, March 03, 2008

Even though the Second Avenue Subway has not been fully funded, much less built, the head the MTA is dreaming about the next steps his agency will take.

REPORTER: Lee Sander said at the first-ever State of the MTA address that today's mega-projects would lay the groundwork for a new generation ...

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Cuomo Tries to End Ties Between Brokers and Appraisers

Monday, March 03, 2008

Attorney General Andrew Cuomo announces a new agreement with mortgage lenders to end the cosy relationship between real estate brokers and appraisers.

REPORTER: Cuomo's office has persuaded Fannie Mae and Freddie Mac to stop doing business with banks that use in-house appraisers, starting next year.

The idea is to prevent the over-valuation ...

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Campaigning Heats Up in Texas

Monday, March 03, 2008

REPORTER: Barack Obama and Hillary Clinton spent the weekend campaigning in preparation for tomorrow's presidential primaries in Texas, Ohio, Vermont and Rhode Island.

Clinton holds a televised town hall meeting in Texas today.

WNYC's Bob Hennelly is in the Lone Star State.

Outside a Houston sub shop voters really want to talk politics. ...

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"State of the MTA" Address This Morning

Monday, March 03, 2008

The executive director of New York's mass transit system delivers the first ever State of the MTA speech later this morning.

Elliot Sander's address comes 2 days after the 40th anniversary of the MTA's founding.

During the speech at Cooper Union, Sander will review the agency's accomplishments, describe its current challenges and ...

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Terrance McKnight Takes the Mic as Host of Evening Music

Monday, March 03, 2008

Tonight, Terrance McKnight takes his seat at the mic as host of WNYC’s Evening Music. Terrance arrives in New York from Georgia Public Broadcasting, where he was creator, producer and host of the popular music show “Studio GPB.” In addition to his radio work, Terrance is a pianist himself and ...

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National Theater of the Avant-Garde

Monday, March 03, 2008

Did you know the United States of America has a National Theater? Right here in New York City? It’s not what you’d expect. The National Theater of the United States of America is an Obie award-winning avant-garde theater troupe. Its 7 young artists are known for transforming unconventional spaces – ...

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Bell Trial Heads Into 2nd Week

Monday, March 03, 2008

The 2nd week of the trial of the 3 New York City detectives charged in the death of Sean Bell resumes today, with the prosecution trying to build upon its case.

WNYC's Arun Venugopal has more.

Today, the court will be hearing from Detective Hipolito Sanchez, 1 of the undercovers who spent ...

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