Streams

Lower Manhattan Suffers from Buyout

Wednesday, March 19, 2008

Downtown boosters scored a huge point last summer when JPMorgan Chase committed to building a new investment banking headquarters at Ground Zero.

For years, lower Manhattan had been losing financial companies to Midtown, first because of the better transportation that Grand Central Terminal provided. Then, because of the shock of September ...

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Spirit of Uganda

Wednesday, March 19, 2008

Last night, the music and dance spectacle "Spirit of Uganda" began performances at the Joyce Theater. The show’s dancers and musicians are all children from Uganda, many of them orphans, between the ages of 8 and 22.

Betty Nakato has been performing with the group since 1997, when both her parents ...

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Mayor Bloomberg Outlines Case for Congestion Pricing

Wednesday, March 19, 2008

City and state legislators have just 13 days before they're required to vote on a plan to charge an $8 fee to drivers for entering the busiest parts of Manhattan. Yet congestion pricing seems far from their minds. The economy, the mood on Wall Street, the upcoming city and state ...

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Clinton's Schedules Show Early Signs for a Run for Senate

Wednesday, March 19, 2008

Sen. Hillary Clinton's schedules from when she was First Lady were released by the national archives today and they suggest early signs Clinton was considering a run for Senate in February of 1999. WNYC's Andrea Bernstein reports.

Already by the beginning of that February, rumors of a Clinton Senate bid were ...

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Iraqi Musician in New York

Wednesday, March 19, 2008

Five years after the US invasion of Iraq, an Iraqi-American musician is preserving the classical music of Baghdad here in New York. WNYC’s Siddhartha Mitter reports.

REPORTER: In late 2002, just before the invasion, Amir ElSaffar was in Baghdad on an investigative mission of his own. He was 25 years old ...

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Bloomberg Chastises Congressman's Comment on Congestion Pricing

Wednesday, March 19, 2008

Mayor Michael Bloomberg spent the morning with U.S. Transportation Secretary Mary Peters, who has promised New York $354 million if the city agrees to implement a congestion pricing system.

At a Crain's New York breakfast, Bloomberg chastised U.S. Rep. Anthony Weiner, of Brooklyn, for arguing that federal officials would subtract the ...

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Lack of Yankee Funds for South Bronx

Wednesday, March 19, 2008

The new Yankee Stadium in the Bronx is more than halfway finished. It's expected to be ready on schedule by opening day of 2009.

But, the surrounding neighborhood isn't seeing all the benefits that were supposed to come, even while residents are contending with construction noise.

WNYC’s Matthew Schuerman reports.

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Diplomats Must Pay Real Estate Taxes

Wednesday, March 19, 2008

A federal judge has ruled that three countries must pay the city more than $57 million in real estate taxes. The judge says diplomatic privileges don't exempt the countries from tax obligations.

The case reached the Supreme Court, which ruled 7-2 that the city had a right to collect taxes on ...

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Nixzmary Brown's Stepfather Guilty of Manslaughter

Tuesday, March 18, 2008

The stepfather of Nixzmary Brown has been convicted of manslaughter for the death of the 7-year-old girl who became a poster child for the problems within the city's child welfare agency.

Brooklyn jurors deliberated four days before finding Cesar Rodriguez guilty of first-degree manslaughter, which carries a maximum penalty ...

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Tibetans Vow to Continue Protests

Tuesday, March 18, 2008

Local Tibetan groups say they'll continue protesting here in the city as long as there's unrest and violence back home.

Yesterday, hundreds of people gathered outside the U.N. as the deadline for Tibetan protesters to surrender to Chinese police drew near. Today, they'll be back outside the Chinese Consulate.

Tenzin Dorjee says ...

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Crane Collapse Stands Apart from Past Accidents

Tuesday, March 18, 2008

The death toll from Saturday's crane collapse is now at seven, making it the worst such accident in the city's recent history.

The circumstances behind the collapse buck the trend of most fatal construction accidents.

WNYC's Matthew Schuerman has more.

The Occupational Safety and Health Administration says that most construction fatalities in New ...

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Paterson Urges Cooperation on Budget

Tuesday, March 18, 2008

In his swearing-in speech, Gov. David Paterson stressed continuity and reconciliation. The governor also made it clear that both Republicans and Democrats would have to consider the new economic reality in negotiating the budget.

PATERSON: We are looking at an economy that is reeling. And I must say to all of ...

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Crime Scene Investigators Questioned in Bell Case

Tuesday, March 18, 2008

Crime scene investigators continue to take the stand in the trial of three New York City police officers charged in Sean Bell's death. WNYC's Arun Venugopal has more on the latest graphic evidence to be introduced.

The court watched as various blood soaked items of clothing were help up for ...

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New York Responds to Economic Woes

Tuesday, March 18, 2008

PATERSON: I ask you to pause and focus on the problems of our great nation. Our economy appears to be headed toward crisis.

REPORTER: That's the assessment of Gov. David Paterson. In his swearing-in speech, he warned lawmakers that the state budget would have to take Wall Street's woes into account.

Joining ...

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JPMorgan May Abandon Downtown HQ

Tuesday, March 18, 2008

JPMorgan Chase has abandoned plans to move its downtown headquarters to the World Trade Center site, following its deal to acquire Bear Stearns.

JPMorgan has a 90-year lease downtown with the Port Authority for the spot where the former Deutsche Bank building now stands. The firm had planned to build a ...

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Wall Street Woe Ripples into New Jersey

Tuesday, March 18, 2008

New Jersey's Acting Treasurer David Rousseau told state lawmakers the latest developments on Wall Street and a slowing national economy is showing up in disappointing tax revenues. WNYC's Bob Hennelly has more.

Trenton's toughest budget cycle is about to become even tougher.

Acting Treasurer Rousseau says the softening ...

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Bear Stearns Buyout Has Local Impact

Tuesday, March 18, 2008

The abrupt acquisition of the investment house Bear Stearns by JP Morgan has New Yorkers paying close attention to Wall Street. While both firms are global players, their impact is local, as WNYC's Ilya Marritz reports.

REPORTER: Where there are acquisitions, there are usually layoffs. In Bear Stearns's case, analysts say ...

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Jurors Find Nixmary’s Stepfather Guilty of Lesser Charge of Manslaughter

Tuesday, March 18, 2008

More than two years after the brutal death of 7-year-old Nixzmary Brown, a jury in Brooklyn found her stepfather, Cesar Rodriguez, guilty of manslaughter in the first degree. The jurors cleared him of the top charge of murder in the second degree, a charge that could have led to life ...

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Tibetan Protesters Hold "Die In" at UN

Monday, March 17, 2008

As protesters in Tibet face a deadline at this hour to surrender to Chinese military police, demonstrators are rallying here. Tibetan groups are holding a "die in" outside the United Nations.

The unrest in Tibet began March 10 - the anniversary of a failed 1959 uprising against Chinese rule in the ...

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Gov. Paterson Sworn in Among Applause and Laughter

Monday, March 17, 2008

David Paterson is sworn in as governor before a who's who of New York State political power. In his speech, he revealed his trademark sense of humor that may have set the tone for his style of governance. WNYC's Elaine Rivera reports:

Paterson took the historic moment to bring levity to ...

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