Smokers might think it's an April Fools joke, but it's true. A ...
Sam Jordan, a Takeaway listener in New Jersey, wants you to meet a real estate broker who he describes as more or less his real estate hero. Not something you hear about brokers these days. We found this broker who, even ...
With over $800 million in debt, the Sun-Times Media Group filed for Chapter 11 bankruptcy today.
Due to a decline in advertising revenue, this renders both of Chicago's major daily ...
New York's governor and legislative leaders are defending their budget deal, saying it makes tough choices at a time when the state's revenues are dwindling by week. The nearly $132 billion plan contains about $5 billion in cuts, and $5 billion in new taxes, including some on the wealthy. Governor Paterson, who had long opposed the millionaire's tax, says the final deal is a fair one.
'I think balance now between taxes on those with higher income and taxes on everybody so that there's a shared sacrifice.'
Brooklyn Republican State Senator Marty Golden decried all the new taxes in the budget and said Democrats are being irresponsible.
'This stimulus, this $25B, ends within 25-27 months. After that stimulus is gone, we walk into the abyss. There is no structural deficit dealt with in this budget.'
“Where people are addicted and have committed crimes because of their addiction, we are going to shift our services from punishment to treatment, we are going to eliminate in most cases and severely reduce in other cases, the mandatory minimums that were set by the Rockefeller drug laws.”
The governor further explained the goal to reduce addict recidivism, shown to currently stand at 50 percent. He called the current legal system unjust and ineffective, creating “a revolving door for offenders mired in a cycle of arrest and abuse.”
The new plan to go before the state legislature will shift the sentencing of convicted abusers to new “drug courts” that will oversee their treatment rather than their punishment.
Social theorist David Harvey, distinguished professor of anthropology at the Graduate Center of CUNY and author of various books including The Limits to Capital, discusses the economic crisis and what it means for the future of U.S. global power.
Listen to the entire ...
Did you see elephants last night? If you did and they were walking along 34th Street to Madison Square Garden, it wasn't a zoo outbreak, but the Ringling Brothers and Barnum and Bailey Circus coming to town. The circus will be at the Garden through April 13th.
by Annie Shreffler
Hundreds of New Yorkers, many of them high school students, turned out on Sunday to begin World Water Week with a mile-long march. Volunteers carried water to show their support for the Tap Project, a UNICEF program to bring more safe drinking water to ...
In his book, The Other Side of Desire, New York Times Magazine staff writer Daniel Bergner investigates different kinds of sexual desire through four case studies.
Listen to an entire interview here.
Brian Lehrer: What put AIG in your sights as New York attorney general?
Eliot Spitzer: We were approached by some sources who said that AIG, which was at the time guided by Hank Greenberg as CEO, was, to speak in street vernacular, juicing its books by creating false reinsurance contracts that would appear to add capital to its balance sheet. Now that sounds all very complicated but, what it really means is they were playing games with their accounting in order to look stronger than they were. Hank Greenberg, there are tapes that prove this, was very, very concerned with any, even minor, fluctuation in their stock evaluation.
These contracts, it was alleged, were designed to make them look better in the eyes of Wall Street. We investigated, brought a civil case to settlement of $1.4 billion. At the time, $1.4 billion seemed like a lot of money. It was the biggest financial settlement ever. The board removed Hank Greenberg because he invoked the Fifth Amendment, when he was asked about this. Four people were charged criminally and convicted for basically playing games. But it lead us to inquire and to probe into the inner workings of the company and what we saw was a mess.