Streams

Like an Old Balloon…

Wednesday, December 17, 2008

A silver lining to the financial mess we're in: prices really are dropping, and not just on West Texas crude. Clothes, cars, even the proverbial pint of milk have all gotten cheaper. David Leonhardt writes about deflation, or falling prices, for The New York Times, ...

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MTA Budget on Borrowed Time Gets a Vote

Wednesday, December 17, 2008

The board of the MTA is expected to approve a budget today that would cost riders more and give them less. But as WNYC's Matthew Schuerman explains, the budget isn't exactly real.

REPORTER: Legally speaking, the MTA has to approve a balanced budget by the end ...

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Don't Drink & Ride

Wednesday, December 17, 2008

Dozens of people die in the New York City subway system each year. A new study looks at who these people are, and what led to their deaths.

Between 1990 and 2003, almost 700 people died in the subway system, according to researchers at Columbia University’s ...

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Paterson's Spending Plan Calls for Deep, Painful Cuts

Wednesday, December 17, 2008

Saying New York faces the “worst economic crisis since the Great Depression,” Governor Paterson released a $121 billion budget yesterday that slashes spending for health care and education and proposes a wide array of new fees. Karen DeWitt has the details from Albany.

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With Fundraising Prowess, Kennedy Championed Education

Wednesday, December 17, 2008

Before seeking the U.S. Senate seat being vacated by Hillary Clinton, Caroline Kennedy headed fundraising efforts for the New York City public schools As WNYC's Beth Fertig reports, Kennedy made the schools more popular among private philanthropists.

REPORTER: Prior to Kennedy's involvement, the Fund for Public ...

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NYC Council Hears Ravitch's MTA Rescue Plan

Wednesday, December 17, 2008

Former MTA chairman Richard Ravitch testified about his plan to help out the MTA at a City Council hearing yesterday. WNYC's Matthew Schuerman reports that his proposals for a new payroll tax and bridge tolls may not solve the authority's long-term financial problems.

REPORTER: While the ...

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Port Authority's New Budget

Wednesday, December 17, 2008

In contrast to the state and the city governments, the operator of the region's airports passed its budget for next year without any public debate.

The Port Authority does expect fewer people will pay to use its bridges and tunnels next year, and traffic at its ...

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Unpleasant, Unpopular, and Early

Tuesday, December 16, 2008

Governor Paterson reveals his proposed austerity budget.

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Kennedy Calls Power Brokers in Senate Bid

Tuesday, December 16, 2008

Caroline Kennedy has called a raft of New York elected officials to express her interest in being selected for the U.S. Senate seat being vacated by Hillary Clinton. WNYC's Andrea Bernstein reports.

Kennedy was once so intensely private that she regularly denied interview requests while working ...

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Ethics Issues Continue to Dog Congressman Rangel

Tuesday, December 16, 2008

The congressional session is drawing to a close, and so far, there's no resolution to the ethical issues raised by the conduct of Harlem Congressman Charles Rangel.

Last week, the House Ethics committee decided to expand its investigation into Rangel's finances, including whether he traded his ...

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High-Speed Rail Proposed

Tuesday, December 16, 2008

Plans for a high-speed rail line have taken a baby step forward, but a two-hour trip from New York to Washington D.C. still faces hurdles. WNYC's Andrea Bernstein reports.

REPORTER: Joined by U.S. Transportation Secretary Mary Peters at Penn Station, Mayor Michael Bloomberg ticked off the ...

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Governor Paterson Outlines Budget Cuts

Tuesday, December 16, 2008

"The world has changed and we have to adjust to it." Those are the words of Governor David Paterson, as he proposed his state budget for the next fiscal year. The governor says next year's deficit has grown to $13.7 billion.

PATERSON: This deficit amounts to ...

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Paterson to Reveal Budget Plan Today

Tuesday, December 16, 2008

Gov. Paterson is not expecting much applause when he delivers his budget proposal for next fiscal year today.

Paterson has been warning advocacy groups and legislators that his spending cuts would be 'devastating,' but necessary to make ends meet.

Ron Deutsche with the group New Yorkers for ...

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Amid Budget Cuts, Murder Rates Climb

Tuesday, December 16, 2008

The latest round of across the board city budget cuts could make it much harder for the NYPD to keep a lid on crime. WNYC's Bob Hennelly has more.

REPORTER: Since 2002, the NYPD has teamed up hundreds of freshly trained recruits with experienced officers in ...

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Victim's Brother Appeals to Community to Find Bias Attack Assailants

Monday, December 15, 2008

The brother of a Ecuadorean immigrant beaten to death in an apparent hate crime is urging neighbors to help find the assailants.

Jose Sucuzhanay was walking with with one of his brothers last week when he was attacked by a group of bat-wielding African American men ...

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Hospitals Brace for State Funding Cuts

Monday, December 15, 2008

Across New York, hospitals are warning of reduced service and longer wait times - as they anticipate the state budget Gov. Paterson is set to release tomorrow. But, as WNYC's Fred Mogul reports, that doesn't mean all new capitol improvement projects are being put on ...

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Merger Canceled in Madoff Fallout

Monday, December 15, 2008

A Swiss bank has canceled its merger with a U.S. investment fund linked to Wall Street money manager Bernard Madoff, who's accused of securities fraud.

Banque Benedict Hentsch says the termination of its three-month partnership with New York-based Fairfield Greenwich Group is immediate.

On Friday, the Geneva ...

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Closing Arguments in Fort Dix Terror Trial

Monday, December 15, 2008

Were they just talking tough, or planning a terrorist attack? That's the question jurors will consider when they get the case of five men accused of plotting to kill soldiers at New Jersey's Fort Dix. Closing arguments begin today. We're joined now by Associated Press ...

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High Speed Rail

Monday, December 15, 2008

High speed rail is moving one step closer to reality today.

At Penn Station, Mayor Bloomberg and US Transportation Commissioner Mary Peters announced the federal government is seeking design proposals for 11 high speed rail corridors.

The officials wouldn't put a timeline on the proposed 2-hour New ...

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A High School Economics Class Tackles the Financial Crisis

Monday, December 15, 2008

In today’s financial crisis, regulators and mutual fund managers are throwing out their playbooks. So are high school economics teachers. WNYC’s Lisa Chow goes up to the Bronx and finds out how one group of students is reacting to the troubles down on Wall Street.

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