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Financial 411: AIG Unveils a Payback Plan, and Authorities Crack Cyber Crime Ring

Thursday, September 30, 2010

Remember AIG? It was once the world's largest insurer, and two years ago this month, at the height of the financial crisis, it got a multi-billion taxpayer bailout to save it from collapse. Today, the company announced a plan to repay taxpayers and bring government ownership to an end. The company's CEO, Robert Benmosche, called the agreement  a "pivotal milestone."

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Bloomberg, Murdoch Advocate for Immigration Reform

Thursday, September 30, 2010

Mayor Michael Bloomberg and NewsCorp CEO Rupert Murdoch testified on Capitol Hill today in support of immigration reform, urging lawmakers to provide a path to citizenship for undocumented immigrants living in the U.S.

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House Passes Health Bill for 9/11 Responders

Wednesday, September 29, 2010

The House passed a health-care bill that will benefit first responders sickened at the World Trade Center site on 9/11. The bill passed 268 to 160, with 13 Republicans voting for passage. It now goes to the Senate.

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Stuyvesant Town Foreclosure Auction Looms

Wednesday, September 29, 2010

An appeals court has removed what appears to be the last challenge to a foreclosure auction for the massive Stuyvesant Town-Peter Cooper Village apartment complex.

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Former Comptroller Hevesi May Plead Guilty in Pension Probe

Wednesday, September 29, 2010

Reports say former New York State Comptroller Alan Hevesi may plead guilty as early as this morning to a corruption charge for his role in a scandal involving the state's multibillion dollar pension fund.

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Public Advocate Adds 109 New Buildings to Worst Landlord Watch List

Monday, September 27, 2010

Deadbeat landlords are having a tougher time tormenting their tenants anonymously in the digital age. The city's Public Advocate has just added 109 new buildings to the "NYC's Worst Landlord Watch List."

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Newtown Creek Declared New York's Latest Superfund Site

Monday, September 27, 2010

For the second time this year, the U.S. Environmental Protection Agency is calling for the large-scale cleanup of a polluted New York City waterway. The Newtown Creek, which runs for four miles between Queens and Brooklyn, was named a Superfund site on Monday.

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NYCLU Urges Transit Authority to Provide Interpreters

Friday, September 24, 2010

The New York Civil Liberties Union says defendants in transit court are being illegally denied interpreters. The civil rights group makes the claim in a letter sent to New York City Transit on Thursday. Christopher Dunn, with the NYCLU, says there may be as many as 8,000 transit hearings a year where people require interpreters.

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Paterson Orders 2,000 State Jobs Cut by Mid-November

Friday, September 24, 2010

In the latest effort to reign in the state's massive budget deficit, Gov. David Paterson has ordered 2,000 state jobs to be cut through attrition by the end of the year.

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Facebook Founder Gives $100 Million to Newark Schools

Thursday, September 23, 2010

On the same day that a movie based on the life of Facebook founder Mark Zuckerberg opens in theaters, he will announce a gift of $100 million to Newark schools. Zuckerberg and Newark Mayor Corey Booker are expected to announce the donation during Friday's Oprah Winfrey Show.

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Violence Amid Middle East Peace Talks

Wednesday, September 22, 2010

Protestors took the streets of Silwan, Jerusalem on Wednesday, following the death of a Palestinian man, who was shot by an Israeli security guard. According to The Associated Press, Israeli police said the guard shot Samir Sirhan, 32, after a group threw stones at him. But Palestinian authorities and Sirhan's neighbors disputed that account. They said Sirhan, a father of five, would not have participated, according to The AP.

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City Will Attempt To Close Budget Gap with Hiring Freeze

Tuesday, September 21, 2010

Mayor Michael Bloomberg announced Monday that the city is planning to implement a city-wide hiring freeze in an effort to close a more than $3 billion budget deficit for the coming fiscal year 2012, which begins July 1, 2011.

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Advocates Call for Overturn of Vetoed Bill for AIDS Patients

Monday, September 20, 2010

AIDS activists descended on Gov. David Paterson's headquarters Monday morning, following the governor's weekend veto of a bill that would have helped low income tenants living with HIV and AIDS pay their rent. Now, protesters say they want state lawmakers to override the veto.

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Met and Juilliard Team Up for "The Bartered Bride"

Monday, September 20, 2010

The Metropolitan Opera and the Juilliard School have announced they'll collaborate -- for the first time -- on a production of Bedrich Smetana's "The Bartered Bride," premiering at Juilliard in February.

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Fire Under Harlem Bridge Extinguished, MTA Announces Alternate Metro-North Travel Routes

Monday, September 20, 2010

A bulkhead caught fire at the Park Avenue Lift Bridge at 138th Street in Harlem, just under the Metro-North line Monday morning. Service was suspended in both directions out of Grand Central Station for about three hours, but service has now resumed.

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Thursday's Storm Included Two Tornados

Saturday, September 18, 2010

The ferocious, fast-moving storm on Thursday that toppled trees onto cars and caused lots of building damage in the outer boroughs included two tornados and an even more powerful macroburst, packing winds up to 125 mph, and stretching over an area eight miles long and five miles wide. One twister struck Brooklyn with winds up to 80 mph. The second one hit Queens with 100 mph winds.

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Severe Storm Causes Damage in Brooklyn, Queens

Thursday, September 16, 2010

A fast-moving thunderstorm swept across the New York area late this afternoon, pounding the region with heavy rain and gusting winds that caused considerable damage, especially in B...

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ACLU Calls for Federal Oversight of Newark Police Department

Thursday, September 16, 2010

The American Civil Liberties Union is calling for a federal monitor to oversee the Newark Police Department, which the ACLU says has received hundreds of complaints of police misconduct.

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NY Museums in Financial Stress Allowed to Sell Artwork

Wednesday, September 15, 2010

New York museums in dire financial straits will be allowed to sell artworks from their collections, but not to cover operating costs. The Board of Regents, which has authority over the state's non-profit museums, is loosening some restrictions on museum sales.

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Greenspan Talks Economics at Council of Foreign Relations

Wednesday, September 15, 2010

Former Federal Reserve Chairman Alan Greenspan says the nearly $800 billion stimulus program has fallen short of expectations, and that the government should get out of the way and let the market help fuel recovery.

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