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WNYC News

Continued Job Loss Would Slump Housing Sales

Friday, September 19, 2008

The woes on Wall Street are raising questions about any impact on Manhattan's residential real estate. WNYC’s Lisa Chow reports.

REPORTER: The big what if for people watching the real estate market is, what if the city continues to lose jobs? If that happens, housing prices ...

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The Brian Lehrer Show

Glass, Concrete, and Stone

Thursday, September 18, 2008

New York Magazine architecture critic Justin Davidson takes a building-by-building look at New York's architecture boom.

What recent building do you love or hate? Comment below!

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The Brian Lehrer Show

Wall Street and New York's Finances

Thursday, September 18, 2008

Bill Thompson, New York City comptroller, talks about the fall-out of the financial industry's problems on the New York City economy. Also: live coverage of President Bush's statement on the economy.

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WNYC News

Costs Outpacing Revenues for New Yankees Stadium

Thursday, September 18, 2008

The new Yankee Stadium's financing will be the focus of a congressional subcommittee hearing today. Since its approval, the city's costs have risen so much that it may no longer be making more money from tax revenues than it's putting into the project. WNYC's Matthew ...

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WNYC News

Investors Feeling Wall St. Pain

Thursday, September 18, 2008

Investors in the financial sector are feeling the pain of zigzagging stock prices in the wake the demise of banking giants Lehman Brothers and Merrill Lynch.

Business school student Robert Cestola started investing overseas eight months ago and says he wants to keep his investments there ...

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WNYC News

Right to Emergency Shelter Guaranteed

Thursday, September 18, 2008

The 25-year fight over how the city deals with homeless families has finally ended. Yesterday, the Legal Aid Society and the City of New York reached a settlement in the drawn out case that produced dozens of court orders. The city says it's earned the ...

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WNYC News

City Settles 1983 Lawsuit Over Homeless Policy

Thursday, September 18, 2008

It started during Mayor Ed Koch’s administration…and ended today, under Mayor Bloomberg. The Legal Aid Society and the city announced a settlement that both sides are touting as a victory. The city says it will no longer be hampered by dozens of court orders that ...

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WNYC News

Juvenile Initiative Measured in Growing Report

Thursday, September 18, 2008

The annual management report from the mayor's office is out. It details how the city's doing in areas including education, crime fighting, and construction safety. WNYC's Bob Hennelly takes a look at a new program targeting offenders entering the juvenile justice system.

REPORTER: Overall, the volume ...

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WNYC News

Nonprofits not Immune From Wall St. Woe

Thursday, September 18, 2008

The financial crisis is likely to have a direct impact on many of the city's nonprofits, which rely on corporate gifts. Fran Barrett is the executive director of Community Resource Exchange, which works with hundreds of nonprofits, including soup kitchens and housing programs. She says ...

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WNYC News

Brooklyn Hospital Doctors Seek Independence

Thursday, September 18, 2008

Doctors from Long Island College Hospital, in Brooklyn, are trying to win independence from a parent company they say wants to shut down the maternity ward and sell off property to stay afloat. Both sides are appealing to the state Health Department to restructure the ...

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WNYC News

Court Oversight of Homeless Services Dept. Ends

Wednesday, September 17, 2008

Twenty-five years of court oversight has ended for the city's Department of Homeless Services. The city has reached a settlement with the Legal Aid Society, which sued during the Koch Administration in 1983 over the way the city treats its homeless families seeking shelter for ...

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WNYC News

US to Take Over AIG in $85 Billion Bailout

Wednesday, September 17, 2008

Governor Paterson says the federal government's bailout of insurance giant AIG will help stave off a fiscal crisis for New York state. WNYC's Isaac-Davy Aronson reports.

REPORTER: Governor Paterson and his superintendent of insurance, Eric Dinallo, had lobbied hard for the Fed to step in, with ...

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WNYC News

Tenants Groups Sue Rent Board

Wednesday, September 17, 2008

This summer the Rent Guidelines Board took the unusual step of approving higher increases for tenants who've lived in their rent-regulated apartments a long time and who pay some of the lowest rents. But a recent lawsuit challenges that decision. WNYC's Cindy Rodriguez reports.

REPORTER: This ...

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WNYC News

Paterson Defends Push for AIG Bailout

Wednesday, September 17, 2008

New York's governor, David Paterson, says his conscience is "clear" over his push to have the federal government bail out insurance giant AIG. He says AIG's demise would have had "unpredictable" consequences for the economy, from hedge funds to life insurance. WNYC's Brian Lehrer asked ...

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New Sounds

Inadvertent Songs

Tuesday, September 16, 2008

Be careful what you say – it could wind up as lyrics to a song. Just ask Donald Rumsfeld, Miss Teen USA, President Bush, and the anonymous posters on Craigslist, all of whom found their way into songs. For this New Sounds, hear Donald Rumsfeld's words as lifted from various ...

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WNYC News

Rangel to Stay in Powerful Congressional Post

Tuesday, September 16, 2008

There will be no shake up at the congressional Ways and Means committee.

The dean of the New York delegation, Congressman Charlie Rangel, never considered stepping down from his powerful seat as chairman of the tax-writing committee. That's according to his lawyer, Lanny Davis, who held ...

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WNYC News

Lehman Employees Cope With Uncertain Climate

Tuesday, September 16, 2008

The British Bank Barclays has agreed to acquire Lehman Brothers' North American investment banking and capital markets businesses for $250 million in cash, and will also purchase Lehman's New York headquarters and its two data centers in New Jersey for $1.5 billion.

This deal could be ...

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WNYC News

Rangel Holds Onto House Chairmanship Amid Inquiry

Tuesday, September 16, 2008

Congressman Charles Rangel emerged from a private meeting with fellow lawmakers last night having survived another day as chairman of the House tax writing committee despite lingering questions about his personal finances and unpaid taxes on a beach house.

The longtime Harlem representative said he couldn't ...

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WNYC News

Fewer Schools Get F Grades

Tuesday, September 16, 2008

The city's elementary and middle schools have received their second annual progress report cards from the Department of Education. WNYC's Arun Venugopal has more. REPORTER: The progress reports suggest that the city's schools are doing far better this year, with half as many F's and ...

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WNYC News

Port Authority Approves Freedom Tower Contracts

Tuesday, September 16, 2008

Despite the current global financial turmoil, the Port Authority's Board of Commissioners went ahead today and approved several key contracts for the construction of the Freedom Tower.

WNYC's Bob Hennelly was there and has this report.

Fully 95 percent of the contracts needed to complete the $3 ...

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