Streams

DOE Needs Stimulus Funds to Prevent Layoffs

Thursday, March 26, 2009

Schools chancellor Joel Klein says Albany may shortchange local schools, and not deliver the full amount of federal stimulus funds the city deserves. At a Council hearing today, he says the city may have to lay off 4,000 people, including 2,000 teachers.

KLEIN: If we ...

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Council Report Accuses DOE of Wasteful Spending

Thursday, March 26, 2009

Schools Chancellor Joel Klein is scheduled to testify at a city council hearing on the education budget. The city schools face hundreds of millions of dollars worth of cuts in the coming year, and with budget talks still going on in Albany, it's not entirely ...

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Freedom Tower Gets Tenant, New Name

Thursday, March 26, 2009

The Port Authority has its first commercial tenant for the Freedom Tower at the World Trade Center site and a new name for the building.

Bejing Vantone, a Chinese firm that promotes trade between the US and China, will lease five floors in the tower slated ...

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MTA adopts fare hikes, service cuts

Thursday, March 26, 2009

They said they didn't want to do it, but board members of the MTA say they had no other choice. They voted almost unanimously yesterday to boost fares and tolls by about 25 percent, and to reduce service on many of the region's bus, train ...

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Chinese Firm to Sign 1st Corporate WTC Tower Lease

Thursday, March 26, 2009

The Port Authority plans to announce today that it's signed the first commercial tenant for a skyscraper that will go up where the Twin Towers stood. WNYC's Bob Hennelly has more.

REPORTER: Bejing Vantone, a Chinese firm that promotes trade between the US and China, will ...

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How Will New York Select Its Stimulus Projects?

Thursday, March 26, 2009

New York State just released an 800-page list of proposed projects to be funded under the Recovery Act. It says it is up to local planning organizations to winnow down the lists. But meanwhile, New Jersey has already settled on its projects. WNYC's Andrea Bernstein ...

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Staging “Seven Jewish Children”

Thursday, March 26, 2009

"Seven Jewish Children" is a new play by the British playwright Caryl Churchill. She wrote it just after last December's Israeli military operation in Gaza. Now theaters are figuring out how to stage the short play and especially how to manage the heated conversations around ...

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More Regulation ≠ Better Regulation?

Thursday, March 26, 2009

One Congressman’s take on designing new rules for Wall Street. Guest: Congressman Scott Garrett (R-NJ – 5th District).

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Bloomberg: Fare Hikes Lesser of Two Evils

Thursday, March 26, 2009

One day after the Metropolitan Transportation Authority approved a fare hike and service cuts to cover a $1.2 billion budget gap, Mayor Bloomberg says the 25 percent fare increase is the lesser of two evils.

BLOOMBERG: That’s not good for our economy, it’s not good for ...

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NYC Unemployment Jump

Thursday, March 26, 2009

The number of people collecting jobless benefits in New York City has jumped 70 percent in the last five months, as the city's unemployment rate rises. WNYC's Lisa Chow reports. REPORTER: About a year ago, some 62,000 people in the city were collecting benefits. Five ...

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Higher MTA Fares and Service Cuts

Wednesday, March 25, 2009

Sound off in the comments below: 'How would higher fares and service cuts affect you?'

exit doors

The MTA votes in favor of higher fares and service cuts:

Don't like the 25 percent fare and toll ...

Comments [54]

Best. Headline. Ever.

Wednesday, March 25, 2009

teeth

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Scrutinizing DeSantis

Wednesday, March 25, 2009

This was probably inevitable...a pitch from a publicist speculating on the legality of Jake DeSantis' very public letter of resignation from AIG.

The pitch suggests DeSantis could have violated confidentiality clauses in his contract with the company. If his contract in fact contained such language.

For the record, a ...

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Must Read: Why I'm Leaving AIG

Wednesday, March 25, 2009

Finally! A voice from inside the most vilified shop on Wall Street, AIG's financial products division.

Check out this Times op ed by Jake DeSantis, an AIG executive vice president. Actually, it's his resignation letter. DeSantis says he had nothing to do with the credit default swaps that ...

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Rambo on Stage

Wednesday, March 25, 2009

When "Rambo - First Blood" was released in 1982 we met a young Vietnam vet played by Sylvester Stallone, who returns to the US after being tortured in a prison camp. Now the film is the basis for a new one-man show called "Rambo Solo". ...

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NY IG: Tax Commissioner Corrupted Hiring

Wednesday, March 25, 2009

The state's inspector general finds that a former New York State tax commissioner broke the law by arranging tenured jobs for herself and nine other lawyers, and then telecommuting under a false name from her South Carolina home to a part-time tax agency job.

The report ...

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MTA Approves Fare Hikes

Wednesday, March 25, 2009

The MTA's board gave its approval to a deficit-reducing budget that will mean a $2.50 bus and subway ride, a $6.50 Battery Tunnel and RFK bridge toll, and a $13 one-way charge to cross the Verrazano bridge. WNYC's has more.

In a series of three 12-1 ...

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Bloomberg and Weingarten Lobby for Education

Wednesday, March 25, 2009

As state lawmakers meet on the budget, Mayor Bloomberg and teachers union president Randi Weingarten went to Albany today to lobby for education money. The two met with the governor, as well as Assembly and Senate leaders.

Weingarten called school aid a "lifeline" to city students ...

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Parents Sue Over School Closings

Wednesday, March 25, 2009

The teachers union, the New York Civil Liberties Union and several parents have filed a lawsuit against the city's Education Department. They claim the city is closing schools without community input. WNYC's Beth Fertig reports.

REPORTER: The case concerns community education councils, elected parents and residents ...

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Ring of Steel

Wednesday, March 25, 2009

Downtown residents have one more day to comment on the NYPD's proposal to install a network of 3,000 security cameras below Canal Street. Police say the cameras are necessary for their counter terrorism efforts, but critics say there's no proof they will prevent crime.

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