Streams

Transit Works Say They Smell a Rat

Thursday, April 23, 2009

Members of Transport Worker's Union 100 blame MTA Chief Financial Officer Gary Dellaverson for not coming up with money to save the MTA. Their shouts echoed down four blocks on Madison Avenue in front of the MTA headquarters this afternoon. Protesters from Transport Workers Union 100 lined ...
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Why "Common" Could Be More Desirable Than "Preferred"

Thursday, April 23, 2009

Congress isn't hot on spending more money on banks. Neither are taxpayers.

So what to do if one of the megabanks falters?

Treasury has hinted it could convert its preferred stock holdings to common shares.

What magic wand can make $100 million in common shares more valuable to the ...

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GPS on School Buses Still MIA

Thursday, April 23, 2009

School BusLast fall, city parents were outraged when a school bus carrying a bunch of kindergarten and first graders got lost for almost five hours in Brooklyn. The incident led to renewed calls for a Global Positioning System for school buses.

But Department of Education officials told a City Council committee hearing today that such a system is still nowhere near ready to be rolled out - despite more than four years of planning, and expectations that a pilot program would take place in 2006. Deputy Chancellor Kathleen Grimm says it 'is certainly bigger than we originally expected, given the complexity of building a system that links buses, satellites, and a command center, as well as the challenge of scaling the system to fit the size and nature of our bus fleet - and it will take longer than we originally predicted.' She noted that the MTA had also run into problems with GPS technology as well as other school districts.

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Unions Say No Layoffs Please, Mr. Paterson

Thursday, April 23, 2009

Barry Markman, a state employee for 29 years, says no layoffs please.

Barry Markman, a state employee for 29 years, says no layoffs please.

Unions are demanding that Governor Paterson reconsider his proposed 9,000 state job cuts to balance the state's ...

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Mayor: I've Assembled Furniture from Kits

Thursday, April 23, 2009

homedepot

Mayor Bloomberg was in the Bronx this morning, helping open a Home Depot at the new Gateway Center mall. The Home Depot will provide 200 of the mall's 2100 jobs. Asked if he ever did any home repairs himself, ...

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Main Street NYC: Flushing

Thursday, April 23, 2009

Most New Yorkers know they can take the IRT 7 train to get to the Mets ballpark and the U.S. Open, but they’re less familiar with a booming neighborhood just one Subway stop after Willets Point. Main Street in downtown Flushing is thriving and its restaurants, retail stores, banks and ...

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SI Gets 1st Charter School; Will Help Mentally Ill

Thursday, April 23, 2009

A lottery will be held tonight for seats in Staten Island's first charter school. As WNYC's Beth Fertig reports, the grade 6-through-12 school has an unusual program.

REPORTER: When the John W. Lavelle Preparatory Charter School opens in September with its first class of sixth graders, ...

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NYPD's Kelly Says Torture Bad for U.S.A.

Thursday, April 23, 2009

Police Commissioner Ray Kelly is endorsing President Obama's ban on torture as a way to gather intelligence. WNYC's Bob Hennelly reports.

REPORTER: In his appearance before the Council on Foreign Relations, Commissioner Kelly said the decision to prohibit techniques like water-boarding would actually help the nation ...

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Why "Common" Could Be More Desirable Than "Preferred"

Thursday, April 23, 2009

Treasury mulls converting stock, Cuomo releases Ken Lewis transcripts. Guest: James Kwak.

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Green Buildings Pushed by Bloomberg, Quinn

Thursday, April 23, 2009

Mayor Bloomberg and Council Speaker Christine Quinn are pushing a raft of proposals, meant to make existing buildings more energy efficient. WNYC's Arun Venugopal has more.

REPORTER: The legislation would target buildings over 50,000 square feet, requiring owners to perform energy audits every 10 years, then ...

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Unions Protest Governor's Proposed Layoffs

Thursday, April 23, 2009

State workers protested outside a Midtown fundraiser for Governor Paterson, saying his decision to lay off 9,000 workers is unfair, and unreasonable. Vernetta Chesimard, with the Public Employee Federation, says the governor should lay off his own staff, first:

CHESIMARD: He just wants to take it ...

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MTA Issues Hiring Freeze

Thursday, April 23, 2009

The MTA has issued an across-the-board hiring freeze for all its agencies, telling the presidents of New York City Transit, Metro-North, and Long Island Railroad that it can't assume Albany lawmakers will come to the rescue with a bailout plan.

In a memo to agency presidents, ...

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Home Depot Opens in the Bronx

Thursday, April 23, 2009

A new Home Depot opened in the Bronx today and the borough's new president-elect, Ruben Diaz Jr., was there to take a look. The big box store is part of the Gateway Center mall, which replaced the old Bronx Terminal Market and the Bronx House ...

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Number of Homeless Families Jumps

Thursday, April 23, 2009

Advocates for the homeless say the city's decision five years ago to stop giving preferential treatment to homeless families for federal housing vouchers has led to record numbers of homeless families in the shelter system.

The Coalition for the Homeless says more new families entered the ...

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Bloomberg Dislikes State Senate MTA Plan

Thursday, April 23, 2009

Mayor Bloomberg says he doesn't like the State Senate's latest plan to bail out the MTA. He says he's particularly upset by a $1 cab ride surcharge, that would be equally split between mass transit, and road and bridge improvements for Long Island and Upstate ...

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Main Street NYC: Flushing, Queens

Thursday, April 23, 2009

The economic downturn which largely started on Wall street has been felt globally - and its ripples have touched shopping districts all over the world. But there seems to be one retail hub that is thriving and it's not in a far-flung corner of the ...

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Why NY Is the Wrong Place to Try Somali Pirate

Thursday, April 23, 2009

Eighteen Somalis captured by the French and German navies appeared in a crowded Kenyan court today to face piracy charges. Meanwhile, the lone surviving pirate from the attack on an American vessel is sitting in a New York jail awaiting a federal trial. Time.com senior ...

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NY Senate Forms Latino Caucus

Thursday, April 23, 2009

For the first time, the New York State Senate has created a formal Puerto Rican/Latino caucus to address the needs of the state's largest minority community.

With five Puerto Rican state senators, the largest ever in the legislative body's history, Majority Leader Malcolm Smith announced that ...

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Paterson Gives Senate Time on Gay Marriage

Thursday, April 23, 2009

Governor Paterson is softening his push for a same sex marriage bill. As Karen DeWitt reports he's now willing to wait until the Senate leadership is ready to bring the bill to the floor.

REPORTER: Paterson said around a week ago that he wanted the Senate ...

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DiNapoli Banning Middlemen from State Pension Fund

Thursday, April 23, 2009

The investigations into New York State pension fund corruption have pulled back the curtain on networks of money, power and influence in New York, Albany and Washington and have already led to two indictments, one felony complaint and one guilty plea. Even President Obama's car ...

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