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Cuomo Demands to See AIG Contracts

Monday, March 16, 2009

New York Attorney General Andrew Cuomo has issued subpoenas to AIG, demanding that the troubled insurance firm detail who is getting big bonuses. Cuomo also wants to see the contracts that supposedly force AIG to make good on executive bonuses. He told reporters in a conference call that his review ...

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Bloomberg Troubled by Charitable Tax Deduction Reduction

Friday, March 06, 2009

Mayor Bloomberg is troubled by President Obama's budget proposal, which would reduce tax deductions for charity donations.

Bloomberg personally gave $205 million to over a thousand different charitable organizations last year. He says with endowments down and charitable giving low, this is a bad time for institutions that rely on donations.

BLOOMBERG: ...

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Fed Reserve Bank Pres: U.S. Will Keep Major Banks Viable

Friday, March 06, 2009

Federal Reserve Bank of New York President William Dudley says the U.S. government is going to pump as much money as needed into the system to make sure banks that are "too big to fail" don't fail.

DUDLEY: The government is committed to supplying whatever amount of capital is needed to ...

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Foreclosed Homes Magnet for Crime

Friday, March 06, 2009

Foreclosed homes aren't just an eyesore and a drag on property values. A new report suggests they're also a magnet for illegal activity. Community activist group ACORN says Brooklyn and Queens neighborhoods with high foreclosure rates saw crime increase last year. Mary Fortune has lived on her block in Bedford ...

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Playwright Horton Foote Dies

Thursday, March 05, 2009

Horton Foote, whose more than 50 plays and films chronicled small-town life in America in the 20th Century, died yesterday at age 92. Among his memorable works are the nine-play cycle “The Orphans’ Home” and the screenplays for “To Kill a Mockingbird” and “Tender Mercies.”

In 2000, Sara ...

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Deputy Mayor Foils Muggers

Wednesday, March 04, 2009

Add law enforcement to Deputy mayor Ed Skyler's list of duties. Skyler helped a woman retrieve a cell phone that had been stolen from her by a group of teenagers.

He was on his way to dinner last night, near 48th and Sixth, when he saw the group running, and heard ...

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City to Train More Nurses

Wednesday, March 04, 2009

Making good on a promise to combat the city's nursing shortage, Council Speaker Christine Quinn announced a plan to train more people to become nurses. Speaking at Saint Vincent's Hospital in Greenwich Village, Quinn says she's reached a deal with local hospitals to send 10 experienced nurses to teach nursing ...

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Audit Reveals NY Medicaid Double Dipping

Tuesday, March 03, 2009

Millions of New York's Medicaid dollars are being wasted on people who also receive Medicaid from other states. That's according to a new audit from State Comptroller Thomas DiNapoli.

The audit found that both state and New York City Medicaid officials had not kept up with investigations or fully recovered $28 ...

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CUNY Students Prepare for Budget Cut Meetings

Tuesday, March 03, 2009

Over 100 CUNY students are preparing for meetings tomorrow with Albany lawmakers to discuss the governor's proposed $65 million budget cut to tuition aid and community college funding.

Nineteen year-old Tim Roulhac says his tuition stipend is already stretched thin. Any more cuts and he'll have to make some tough choices.

ROULHAC: ...

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Bloomberg to Complaining Parents: Duh!

Monday, March 02, 2009

The first snow day for New York City public schools in five years has brought some criticism from parents. A decision to close the schools was reached at 5:40 this morning, but at a news conference today Mayor Bloomberg expressed little sympathy for parents who complained they were caught without ...

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ACORN Protest at LI Sheriff's Office

Thursday, February 26, 2009

Long Island families facing foreclosure and members of the advocacy group ACORN gathered outside the sheriff's office in Nassau County today. The group demanded that he suspend all evictions from foreclosed homes until President Obama's homeowners' recovery package goes into effect. They also insisted that the entire state stop foreclosures ...

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Riverkeepers Say Drink Tap Water

Monday, February 23, 2009

The Hudson River watershed advocates at Riverkeeper want New Yorkers to drink more tap water, and they're pushing a new water bottle to do just that. The group says tap water is better regulated than bottled water and it saves oil because water pipes deliver it straight to your house. ...

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School Bus Inspectors Plead Guilty

Friday, February 06, 2009

NEW YORK (AP) - Two former New York City school system employees have pleaded guilty to charges that they accepted bribes from private bus companies.

Prosecutors say Neil Cremin and Ira Sokol were among a group of workers who took thousands of dollars a year from bus companies that held city ...

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Obama to Meet 9-11 Families

Friday, February 06, 2009

President Obama is spending time today with families of 9/11 victims who are upset about the suspension of trials for detainees at Guantanamo Bay.

The meeting with about 15 family members is set for 3:30 at the White House. They wrote to Obama last month about their concerns.

Obama is also meeting ...

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Mayor: State and Federal Aid Needed to Prevent Massive Job Cuts

Friday, January 30, 2009

Mayor Bloomberg says without help from Albany and Washington, New York City will have to reduce its workforce by more than 20,000 people in order to make ends meet in its next budget. The city's deficit for the next fiscal year has mushroomed, from $1 billion to $4 billion, because ...

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Conn. Lawmakers Push To Ease Marijuana Laws

Monday, January 26, 2009

Two Connecticut lawmakers say the state is spending too much money prosecuting people caught with small amounts of marijuana, and they're calling for fines instead of arrests.

State Senate Majority Leader Martin Looney and Senator Toni Harp -- both Democrats from New Haven -- hope the state's growing budget deficit will ...

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Federal Stimulus Package Boosts City Budget

Monday, January 26, 2009

In a local update on the federal stimulus package, $3.4 billion in aid is expected for New York City.

Mayor Bloomberg joined Senator Charles Schumer and Congressman Charles Rangel, who heads the House Ways and Means Committee, last night at City Hall.

The Mayor was cautiously optimistic.

BLOOMBERG: It's not going to solve ...

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Pfizer and Wyeth Reach Buy-Out Deal

Monday, January 26, 2009

Drugmakers Pfizer and Wyeth reached a $68 billion buy-out deal today.

Pfizer will acquire Wyeth, paying about 50 dollars a share, according to early reports in the New York Times and Wall Street Journal.

The deal will help Pfizer cushion itself against a steep revenue decline expected over the next several years ...

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Torre Swings At A-Rod In Book

Monday, January 26, 2009

A new book due out next week from former Yankees manager Joe Torre is causing a stir among the Bronx Bombers.

According to media reports, in his book titled The Yankee Years Torre takes some harsh swings at Alex Rodriguez and Yankees general manager Brian Cashman.

In the book, Torre reveals that ...

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Gillibrand Pledges to Combat Gun Violence

Monday, January 26, 2009

Senator-designate Kirsten Gillibrand is pledging to combat gun violence, while protecting hunters' rights, which she calls "a core value" upstate.

Gillibrand spoke briefly after meeting privately with Governor Paterson, Secretary of State Hillary Clinton and Senator Charles Schumer yesterday. She promised to "hit the ground running," and on issues on which ...

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