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An Answer to Recession Worries? Gold.

January 17, 2008

by Lisa Chow

It might be a good time to cash in your gold coins and jewelry. Gold prices set a record high this week, reaching above 900 dollars an ounce. It's a sign investors are losing faith in stocks, bonds a....

National Housing Slowdown Touches New York

January 15, 2008

by Lisa Chow

The housing market slowdown has finally touched New York. The city's annual assessment roll, considered the most authoritative account of city property values, showed market values increased by just ....

Subprime Woes Affect Bonus Handouts

December 24, 2007

by Lisa Chow

The sub-prime mortgage crisis continues to play out on Wall Street. Investment banks Bear Stearns and Morgan Stanley reported quarterly losses last week, writing down their mortgage assets by billion....

Feds Decide to Cap Flights in Hopes of Easing Delays

December 19, 2007

by Lisa Chow

Fewer flights will go in and out of New York City airports, starting next year. Transportation Secretary Mary Peters announced a decision to cap the number of flights at Kennedy airport. REPORTER: S....

Getting Healthier Foods to Low Income Neighborhoods

December 18, 2007

by Lisa Chow

Hoping to combat rising obesity and diabetes rates, city leaders want to encourage more fruit and vegetable street vendors in low-income neighborhoods. The city plans to issue 15-hundred new permits ....

Construction Accident Near Ground Zero Injures Architect

December 14, 2007

by Lisa Chow

One man was seriously injured this morning at a construction site in Lower Manhattan, after a crane dropped a load of construction materials onto a office trailer. REPORTER: A spokesman for builder ....

City Sponsors Conference on Foreclosures

December 13, 2007

by Lisa Chow

Here's the conventional view of why foreclosures have spiked in the US - low teaser rates lured borrowers into risky sub-prime loans. The rates reset, the payments exploded and a massive number of bo....

Public Housing Goes Green

December 07, 2007

by Lisa Chow

New York City's public housing stock may be greener and more energy efficient in the years to come. The city's housing authority is working in partnership with the federal housing agency and Presiden....

Rangel Faces Challenges in Proposal to Fix Tax "Loophole"

December 06, 2007

by Lisa Chow

New York Congressman Charles Rangel says he’s trying to fix something in the tax code – a “loophole” that allows managers of investment partnerships to pay a tax rate that’s lower than what....

Rangel Proposes End to Alternative Minimum Tax

December 05, 2007

by Lisa Chow

If Washington doesn't act quickly, an estimated one in five New York taxpayers - or 1.7 million people - will be subject to the alternative minimum tax next year. Also known as the AMT, it was intend....

Thanksgiving Retailers Begin Stocking Up for Shoppers

November 20, 2007

by Lisa Chow

Today is expected to be the busiest day of the year at the Hunts Point produce market in the Bronx as store owners get ready for Thanksgiving. REPORTER: Hunts Point is New York's main food distribut....

Mortgage Lender Offers Financial Help to Some of the City’s Homeowners

November 15, 2007

by Lisa Chow

The national mortgage lender Countywide Financial has agreed to renegotiate loans for one-thousand at-risk borrowers in the metropolitan New York area. REPORTER: The move was prompted by state senat....

State Officials Blame Feds for Not Addressing Lending Crisis

November 09, 2007

by Lisa Chow

As New York Attorney General Andrew Cuomo expands his investigation in the mortgage industry, Governor Spitzer says he's directed his staff to work with the Legislature to craft laws that address the....

Case Against Former FBI Agent is Dropped

November 01, 2007

by Lisa Chow

Former FBI agent Lindley Devecchio was cheered by his ex-colleagues, after a judge in Brooklyn granted a request to drop murder charges against him. The request by prosecutors came one day after a ke....

City Agencies Forced to Make Budget Cuts

October 31, 2007

by Lisa Chow

All city agencies have been put under an immediate hiring freeze and were ordered by City Hall to make budget cuts as the city faces a slowdown in tax revenues. WNYC's Lisa Chow reports. So far this....

Increase in Foreclosure Auctions, But Are There Any Bargins?

October 29, 2007

by Lisa Chow

Somewhere in the city, foreclosure auctions are going on almost every day. WNYC's Lisa Chow visited to see who’s going and whether they’re seeing any bargains. REPORTER: If you believed the webs....

Governor Braces for Tough Budget Negotiations

October 17, 2007

by Lisa Chow

Governor Spitzer says he's "bracing" himself for a tough budgetary environment. First, the economy's slowing and the governor hasn't been on speaking terms with some of his colleagues in Albany. REP....

Mayor Warns Drivers Licenses for Illegal Immigrants May Cause Problems

September 26, 2007

by Lisa Chow

Mayor Bloomberg says the city's lawyers believe Governor Spitzer's plan to issue driver's licenses, without regard to a person's immigration status, could create a very big problem for some New Yorke....

Protests at President Bush at UN

September 25, 2007

by Lisa Chow

Several hundred people came out today to protest the Bush administration's war in Iraq and its incarceration of terrorism suspects at Guantanamo Bay. REPORTER: Among the crowd was Medea Benjamin, co....

State Judges Sue New York State to Receive Pay Increase

September 12, 2007

by Lisa Chow

State judges haven't received a raise since 1999, and now they're suing New York State to get one. Four judges, from civil, criminal and family courts, hope their lawsuit will force the state legisl....