Wednesday, November 30, 2011
Bloomberg News reports what the Federal Reserve wouldn't: that the United States' central bank committed $7.77 trillion to bailing out the financial industry in the wake of the 2008 crisis, netting banks $13 billion in profits in the process.
The Fed's bailout package was more than ten times ...
Monday, November 21, 2011
In a late night press conference Sunday, Mayor Michael Bloomberg announced New York City police arrested Jose Pimentel, a 27-year-old American citizen, for criminal possession of a weapon as a crime of terrorism, conspiracy and soliciting support for an act of terrorism. Motivated in part by continued U.S. presence in Afghanistan and Iraq as well as the death of Yemeni cleric Anwar Awlaki, police arrested Pimentel as he was allegedly building a bomb. Government workers, returning military personnel, and elected officials were among the targets of his intended attacks, according to authorities.
Friday, November 18, 2011
They may have lost their home in Zuccotti Park, but Occupy Wall Street made its presence felt in Lower Manhattan on Thursday. Nearly 300 people were arrested as Occupy Wall Street protesters marked the movement's two month anniversary with a "Day of Action." Demonstrators attempted to delay the opening of the New York Stock Exchange. They later held demonstrations on New York City's subway system before gathering for a march across the Brooklyn Bridge. And it wasn't just New York. Demonstrations were held across the country as the movement plans its next moves.
Wednesday, November 16, 2011
A New York State Supreme Court judge ruled Tuesday to uphold New York Mayor Michael Bloomberg's decision to evict the Occupy Wall Street protesters from their camp in Zuccotti Park. It was a setback that some worry the movement cannot recover from. Yet, protesters themselves remained upbeat yesterday claiming evictions will only make them stronger. But perhaps instead of quelling the movement as he intended, Bloomberg actually reinvigorated it.
Tuesday, November 15, 2011
After getting a court order to return, police have told Occupy Wall Street protesters can return to Zuccotti Park, but cannot bring tents, tarps, or sleeping bags.
Tuesday, November 15, 2011
The Takeaway goes live to a press conference by New York City Mayor Michael Bloomberg regarding his decision to evict the Occupy Wall Street protesters from Zuccotti Park.
Monday, November 07, 2011
Wednesday, October 19, 2011
Does the right to protest include the right to set up camp in downtown Manhattan? When it comes to Occupy Wall Street and protesters in Zuccotti Park, New York Mayor Michael Bloomberg doesn't think so. "The Constitution doesn’t protect tents," he said at a news conference earlier this week in Queens. "It protects speech and assembly." Mayor Bloomberg also suggested that those exercising a "right to be silent" might be having their rights trampled by the constant noise coming from the demonstrations in their tent city.
Thursday, September 22, 2011
By Julia Furlan : WNYC Culture Producer
The "New Chapter" initiative lifts overdue fines for patrons under 18 at New York Public Library, Brooklyn Public Library and Queens Library branches through October 31.
Friday, September 02, 2011
Tuesday, August 23, 2011
Mayor Michael Bloomberg said he'll keep trying to find "innovative" ways to reduce obesity in poor neighborhoods.
Friday, August 19, 2011
Mayor Michael Bloomberg defended the decision not to include most first responders in the official September 11 ceremony for tenth anniversary of the attacks this year.
Friday, August 05, 2011
Joyce Purnick, WNYC political analyst, longtime New York Times political writer and author of Mike Bloomberg: Money, Power, Politics, discusses Mayor Bloomberg's use of private money to fight poverty and to fund Regents testing—and what New York City will do when it no longer has a billionaire mayor.
Thursday, July 21, 2011
Tuesday, July 19, 2011
By Ilya Marritz
Mayor Michael Bloomberg wants to attract a major research institution to New York City — and, as incentive, is offering publicly owned land and as much as $100 million in funding to a potential partner institution to be chosen through an application process.
Thursday, July 14, 2011
Pensions, Sunny-side Down
Mayor Bloomberg’s economic capo, Deputy Mayor Robert Steel, presented the administration’s case for pension reform this morning at a breakfast put on by the Citizen’s Budget Commission. Considering CBC and the mayor’s stance on city pensions, the gist of the forty-minute talk wasn’t a surprise.
The city’s pensions were unsustainable. Their costs had risen seven fold and now represent nearly 13 percent of the city’s budget. Only education spending costs the city more. And the big problem, said Steel, isn’t that the fund hasn’t performing well enough—it’s that we’ve promised more than we can cover.
“Pensions are to the City of New York what entitlement reform is to the federal government,” Steel said. “These are difficult, hard issues that require political risks to be taken to make the hard choices that we need.”
Wednesday, June 22, 2011
By Erica Getto
The controversial Chinese artist Ai Weiwei was released on bail on Wednesday after he confessed to tax evasion. The news has come as a relief to many artists, public officials, museums and fans.
Friday, April 22, 2011
The irony is that we have congestion pricing in New York City, in that we pay, according to a study by the Partnership for New York, $13 billion a year in terms of time wasted in traffic, in terms of delayed delivery of goods, the fuel we just spend idling...But the joke is on us, because that $13 billion is not being used to improve the transit system, or for better infrastructure; it's going up in smoke.
— David Bragdon, director of New York City's Office of Long-Term Planning and Sustainability, on The Brian Lehrer Show.