Streams

Major Layoffs Expected at Lehman Brothers

Friday, August 29, 2008

Lehman Brothers is set to lay off over 1,000 employees — it's the fourth round of layoffs this year.

The struggling investment bank lost $2.8 billion last quarter because of write downs of mortgage related assets, and it's rumored to be shopping around some of its ...

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More Layoffs at Lehman Brothers

Friday, August 29, 2008

Lehman Brothers is preparing to cut more than 1,000 jobs. It's the company's fourth round of layoffs this year. The beleaguered brokerage house continues to be rocked by the deterioration of the mortgage market, especially in commercial and residential real estate markets. Next week marks ...

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In New York, It's Hard Out There For Republicans

Friday, August 29, 2008

Democrats are so dominant in New York that the McCain campaign doesn't have headquarters here. Still, McCain's chairman in New York is optimistic about swaying Democrats to vote Republican.

WNYC's Fred Mogul has more.

Not long ago, the governor and New York City mayor were Republicans. Now, ...

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Local Republicans React to Dems in Denver

Thursday, August 28, 2008

Local Democrats aren't the only ones following the Convention in Denver. Several New York State delegates to next week's Republican Convention say they're tuning in -- to see what the competitions up to, and get a sense of what they can expect next week in ...

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Paterson Reflects on Progress of African Americans

Thursday, August 28, 2008

As Democrats prepare to hear the acceptance speech of their historic presidential nominee, Barack Obama, Gov. David Paterson reflected at a meeting with delegates on how far African Americans have come in his lifetime. Karen DeWitt reports.

Holding signs saying "We love our Gov," Gov. David ...

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The Festive and Serious Sides of the Convention

Thursday, August 28, 2008

It's been a raucous, event-filled week at the Democratic National Convention as thousands of delegates and other convention goers essentially have taken over downtown Denver. WNYC's Elaine Rivera joins me to talk about the conversations she's been having with delegates, from what parties to attend ...

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East River Waterfalls Damaging Greenery

Thursday, August 28, 2008

The four man-made waterfalls along the East River are having an unexpected impact on the environment--they're turning nearby grass and trees brown.

Salty mist from the waterfalls is damaging vegetation at the Brooklyn Promenade, on Governors Island and in Empire Ferry State Park, just north of ...

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Live in New York, it's Michael Phelps

Thursday, August 28, 2008

Just back from the Olympics, Michael Phelps showed up in Manhattan Thursday. The star swimmer says he's glad to be back on American soil after winning 8 Olympic gold medals in Beijing.

Last night he spent some time with golf star Tiger Woods. Today, his portrait ...

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New York City HIV Rate Higher Than Thought

Thursday, August 28, 2008

More New York residents are contracting HIV than previously thought according to new City Health Department figures. Previously, the city only measured people diagnosed with the disease. Now, the city is using new federal guidelines to estimate the number of people infected--and that’s a much ...

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Unemployment Way Up in New York State

Thursday, August 28, 2008

Unemployment has shot up in New York State as the economy has cooled down. And a new analysis by the Fiscal Policy Institute finds New York is doing a poor job of helping the unemployed.

The Institute's James Parrott says the state hasn't made a cost-of-living ...

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New Yorkers Unsure About Term Limit Roll Backs

Thursday, August 28, 2008

Most City Council members may have told the New York Times they want to roll back term limits, but some New Yorkers we talked to aren't so sure. Regina Pearsall of Staten Island was taking her lunch break at City Hall Park today.

PEARSALL: I like ...

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Critics Oppose Standardized Tests for Youngest Students

Thursday, August 28, 2008

Mayor Bloomberg is defending the Department of Education's voluntary pilot program to begin standardized testing as early as kindergarten.

But Tovah Klein, head of the Barnard Center for Toddler Development, says standardized testing isn't appropriate for the youngest students.

KLEIN: Young children make discoveries when ...

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Speech Seen as Closure for Clinton Supporters

Wednesday, August 27, 2008

New York delegates were among the Democrats who gave Hillary Clinton a rousing ovation on the second night of their national convention. Bronx Borough President Adolfo Carrion says he saw the reaction of staunch Clinton supporters who felt she should have been the nominee. But ...

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Mortgage Giants to Halt Subprime Transactions in NYS

Wednesday, August 27, 2008

The nation's two largest secondary mortgage corporations, Fannie Mae and Freddie Mac, say they'll stop buying subprime mortgages in New York State. WNYC's Ilya Marritz has more.

REPORTER: The trigger was Gov. David Paterson's signature on a new law intended to help subprime borrowers about to ...

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Corzine Urges N.J. Delegates to Back Obama

Wednesday, August 27, 2008

Sen. Hillary Clinton is expected to release her delegates later today.

Even after last night's speech, questions still remain about whether her delegates will ultimately support Sen. Barack Obama. During the primaries, Clinton received overwhelming support from New Jersey's delegation, including Gov. Jon Corzine. But now, ...

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Slight Drop in NYC Poverty Rate

Wednesday, August 27, 2008

New numbers released by the Census Bureau show poverty in New York City dipped slightly in 2007.

The federal data show the drop is less than one percent, or about 39,000 people.

Citywide, about 1.5 million people live below the poverty line. Pete Jones, who lives at ...

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More New Yorkers Getting HIV Than Previously Thought

Wednesday, August 27, 2008

More New York residents are contracting HIV than previously thought, according to new city Health Department figures. New federal calculation guidelines have increased the estimated number of new infections by about 25 percent.

The new counting technique is believed to be both more accurate and produce ...

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Mayor Blasts Critics of Kindergarten Testing

Wednesday, August 27, 2008

Mayor Michael Bloomberg pushed back against criticism of the city's plan to test its youngest students. The Department of Education is encouraging principals to administer standardized tests to children in kindergarten through second grade. The mayor says the tests are essential to learning a child's ...

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From Sacramento, a New Charter School for Harlem

Wednesday, August 27, 2008

New York City has 18 new charter schools, each with a distinct personality. But only one has a story that spans almost 3,000 miles, from Sacramento, Calif., to 134th Street in Harlem. This charter school's story includes sports, politics, the historic Boys Choir of Harlem, ...

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Paterson Casts Roll Call Vote for Obama

Wednesday, August 27, 2008

Democrats are getting ready for a pivotal moment tonight at their National Convention -- the roll call of states, where Hillary Clinton's name is to be formally entered into nomination along with Barack Obama's.

Gov. David Paterson, a Clinton supporter, was asked if he would be ...

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