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WNYC News

MTA Expected to Approve More Service Cuts Today

Wednesday, December 16, 2009

As Yogi Berra would have said, it's deja vu all over again. Just seven months ago state lawmakers said they had rescued the MTA from a crippling deficit and riders from steep fare hikes and severe service cuts. But Dale Hemmerdinger, who was MTA chairman ...

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WNYC News

U.S. Secretary of Transportation Ray LaHood on MTA Cuts

Tuesday, December 15, 2009

As the MTA prepares to make deep cuts, U.S. Secretary of Transportation Ray LaHood sat down with WNYC's Andrea Bernstein to discuss how much help the federal government should give transit systems and whether the Recovery Act has helped.

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WNYC News

The MTA Budget: How It Unraveled So Quickly

Tuesday, December 15, 2009

Here, WNYC's Matthew Schuerman and Amy Eddings provide context for the MTA's vote to cut services--and explain what it could mean for New Yorkers.


(graphic by Stephen Nessen)

(graphic by Stephen Nessen)

Highlights of WNYC's MTA coverage:

...

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The Takeaway

Unemployment's Costs, Fiscal and Emotional

Tuesday, December 15, 2009

Unemployment devastates both the financial and emotional lives of many Americans, according to a New York Times/CBS News poll. More than half the nation's jobless have borrowed money from friends and relatives and have cut back on medical care. Almost half say they have suffered from depression or anxiety. We speak with Andrew Stettner, deputy director of the National Employment Law Project; and with Kevin Roach, executive director of the South Oakland Homeless Shelter in Royal Oak, Michigan. We also check in with James Foresteire, who has been homeless and living at the Bowery Mission for the past six months.

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WNYC News

Newtown Creek: Going the Way of the Gowanus

Tuesday, December 15, 2009

(by Stephen Nessen)

(by Stephen Nessen)

The Newtown Creek that forms part of the border between Brooklyn and Queens is filled with toxins from a century and a half of industrial activity. An underground oil spill there has been causing problems in Greenpoint, Brooklyn for ...

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The Brian Lehrer Show

Bank Lending Reform

Tuesday, December 15, 2009

Coverage of banking reform continues with Greg David, former Crain’s New York Business editorial director – now director of the business and economics program at the CUNY Graduate School of Journalism.

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The Brian Lehrer Show

Call In: Are You Changing Fields?

Tuesday, December 15, 2009

According to a New York Times/CBS News poll, about 70% of unemployed adults are thinking about changing fields. We want to hear from you.

If you're unemployed, are you thinking of changing your line of work? What did you do and what are you thinking of doing ...

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WNYC News

Straphangers Troubled By Proposed Cuts to Student Metrocards

Tuesday, December 15, 2009

The MTA is considering service cuts to bridge a nearly $400-million budget gap including a proposal that would eliminate free metro cards for students. And that has some subway and bus riders reacting with disbelief. Brooklyn's Theresa Twum says she dreads having to ask her ...

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WNYC News

Upswing in Tax Revenues Helps NYC Bear State Cuts

Tuesday, December 15, 2009

Governor Paterson's move to freeze hundreds-of-millions of dollars in aid to local governments, comes as the Bloomberg Administration reports an upswing in local tax revenues. WNYC's Bob Hennelly has more.

REPORTER: Paterson's emergency budget move cost the City $84 million in expected education and municipal aid. ...

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WNYC News

Council's Rejection of Kingsbridge Plan Could Spur Living Wage Legislation

Tuesday, December 15, 2009

The City Council has voted down a proposal to turn the Kingsbridge Armory in the Bronx into a shopping mall. Lawmakers say there was no guarantee the jobs at the mall would pay enough to support a family. WNYC's Matthew Schuerman has more.

REPORTER: Members say ...

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WNYC News

New Law Expands Protection for Homeowners

Tuesday, December 15, 2009

Gov. Paterson has signed a bill that expands protections for New Yorkers facing foreclosure. The measure requires 90 days notice for lenders to foreclose on all home loans, not just subprime mortgages. It also imposes new filing requirements on lenders, and establishes protections for tenants ...

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WNYC News

Paterson: Education Cuts and Charter School Expansion

Tuesday, December 15, 2009

School districts found out today how much state funding they're losing this month, as Gov. Paterson withholds aid to shore up the budget. The governor's budget office detailed the district by district cuts in December's scheduled school aid payments. They range from a $68 million ...

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WNYC News

Bloomberg Looking for Environmental Solutions in Copenhagen

Tuesday, December 15, 2009

Mayor Bloomberg is in Copenhagen this week to take part in the Climate Summit for Mayors.

Speaking this morning on the Takeaway, the Mayor says cities are in a position to lead their countries when it comes to making progress to combat climate change. While it ...

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WNYC News

Rent Set to Reduce at Stuy Town Complex

Tuesday, December 15, 2009

The owner's of Stuyvesant Town and Peter Cooper Village on Manhattan's East Side have agreed to lower rents on more than 4,000 apartments in January and February. And possibly longer if a representative for the owner's lender signs off on the agreement.

Last month the state's ...

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WNYC News

NYS Education Commissioner: Double the Limit on NYC Charters

Tuesday, December 15, 2009

State Education Commissioner David Steiner says it's time for the legislature to raise the limit on charter schools. He suggests the number could double, from 200 to 400.

But United Federation of Teachers President Michael Mulgrew says caution is needed, before creating more of the publicly-funded ...

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WQXR News

Obama Urges Banks to Lend More

Monday, December 14, 2009

President Barack Obama told a gathering of the nation's top bankers at the White House to lend more to help boost the economy.

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WQXR News

Citigroup Starts to Pay Back Its Debt

Monday, December 14, 2009

President Barack Obama is meeting with financial industry executives later this morning. That news comes as banking giant Citigroup says it will repay $20 billion of the $45 billion it received in government bailout money.

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The Takeaway

President Obama Hosts Bank Leaders

Monday, December 14, 2009

The economy received some positive news on Sunday from President Obama's top economic adviser, Larry Summers, who said that the recession is over on 'This Week with George Stephanopoulos.'  But even if you agree with Summers, it's still hard for many to forgive and forget the role Wall Street played in creating the current economic mess. Even President Obama recently said, "I did not run for office to be helping out a bunch of ... fat cat bankers on Wall Street." On the heels of those harsh words, Obama will be hosting the heads of those same banks at the White House Monday.  Peter Morici, an economist and business professor at the University of Maryland, says this is just another publicity stunt. We're also joined by Eric Dash, a banking reporter for The New York Times, who has also been covering this story.

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The Takeaway

This Week's Agenda with Todd Zwillich and Jonathan Marcus

Monday, December 14, 2009

We've uncovered our crystal ball and are peeking into the week ahead with our Washington correspondent, Todd Zwillich, and Jonathan Marcus, BBC diplomatic correspondent.  They'll discuss what's next for health care reform in the Senate as Sen. Joe Lieberman (I-Conn.) throws a wrench into the works ... again; President Obama's meeting with some of the heads of the largest American banks; the continuing climate talks in Copenhagen; and continuing nuclear troubles with Iran.  All that and Italian Prime Minister Silvio Berlusconi getting socked in the face with a statuette.

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The Brian Lehrer Show

Uncommon Resolutions: Reaching Your Financial Goals

Monday, December 14, 2009

Your Uncommon Economic Indicators launched one year ago. This month we’re looking for your uncommon economic resolutions. Jane Bryant Quinn, personal finance commentator and the author of the forthcoming Making the Most of Your Money Now: The Classic Bestseller Completely Revised for the New Economy (Simon & ...

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