Thursday, January 21, 2010

Thursday's headline news Plane Diverted To Philly From NYC

NYC

MYFOXNY.COM - A plane was quarantined at Philadelphia International Airport.  The plane was headed from LaGuardia Airport in New York to Louisville on Thursday morning when there was an in-flight incident.


The plane was a USAir flight run by Chautequa Air.  The plane was described as a small commuter plane that holds 50 passengers.  It's unknown how many people were on the plane.


At least 12 police cars and fire vehicles were seen heading to the airport, according to Fox Philadelphia.


One person was taken away from the plane in custody and the rest of the passengers were released.


Sources now tell FOX 29 News that a man on a plane was using a teffilin, a leather box worn on the arm and head during certain Jewish services and he was praying on the plane.


Straps ran down from arm to his body as he was praying on the plane and a passenger became suspicious. The man was questioned by airline personnel, whio didn't get answers to satisfy them, so they diverted the plane to Philadelphia.


The US Airways flight was bound for Louisville.


The plane landed and taxied to a remote section of the airport. All passengers disembarked and are safe.


The individual who apparently caused the disturbance was in custody and is being questioned. He was said to be cooperative.


The airport is open.


All passengers have been removed safely from the plane.


 

Tips for visiting New York and attending a Yankees game?

Want to take my son to a Yankees game, but have never visited New York. Where should we stay, what transportation should we take, etc. Any tips appreciated - we're clueless! Also which seats are best - moderate budget. Thanks!

Wednesdays headline GOP Lawmaker: NY Fed Must Turn Over AIG Documents

New York

The top Republican on a House committee investigating financial bailout decisions says the Federal Reserve Bank of New York is withholding documents it's required to supply under a committee subpoena.


Rep. Darrell Issa., R-Calif., said Wednesday that the New York Fed refused to provide documents related to the bailout of American International Group Inc. from before September 2008 or after May 2009. The committee already has received 250,000 documents from the period between those dates, said a spokeswoman for Rep. Edolphus Towns, D-N.Y., chairman of the House Committee on Oversight and Government Reform.


"We expect the Fed will supplement with more documents as they identify them," said Towns spokeswoman Jenny Rosenberg.


The committee wants details on the AIG bailout, which was managed by the New York Fed under Treasury Secretary Timothy Geithner. Lawmakers want to know more about Geithner's decision to funnel billions from AIG to other big banks to satisfy AIG's debts to them. An earlier watchdog report said Geithner's decision not to negotiate might have cost taxpayers billions.


The committee subpoenaed the New York Fed last week for documents including Geithner's phone logs and notes. It demanded all New York Fed documents related to the deals that paid off AIG's debts to banks including Goldman Sachs Group Inc. Geithner is scheduled to testify at a committee hearing next Wednesday.


Towns also has asked former Treasury Secretary Henry Paulson and former New York Fed chairman Stephen Friedman to appear at the hearing. Neither has yet confirmed he will attend, the Towns spokeswoman said.


Issa called on Towns to hold New York Fed officials in contempt if they do not provide the additional documents. He said documents from before September 2008 might show the New York Fed knew well before the bailouts which banks would suffer most from AIG's collapse. And he said documents from after May 2009 would reveal the New York Fed's secrecy in response to congressional and news media inquiries in the matter.

Aid Haitians, immigrants to help NYC economy -mayor

New York City

(Adds details on Haiti fund raising and comments in new paragraphs 5, 10-12)


Bonds


By Joan Gralla


NEW YORK, Jan 20 (Reuters) - New York City can revive its economy by helping Haitians and other immigrants get small business loans, creating jobs and other programs for at-risk youths, boosting anti-foreclosure efforts, and setting up neighborhood credit unions, Mayor Michael Bloomberg said on Wednesday.


Earthquake-stricken Haitian New Yorkers should be given the federal immigration agency's support of "Temporary Protected Status" so they can find better-paying legal jobs and send more money back home, Bloomberg said in a copy of his annual State of the City address.


New York City has the largest population of Haitian descent outside Port-au-Prince, the earthquake-torn capital city of this Caribbean nation.


Bloomberg, who won a third term by a slim margin, is an independent who has long campaigned for national immigration reform. He called on law firms, charities and community groups to form a new public-private partnership to help Haitians qualify for this legal status.


The Mayor's Fund to Advance New York City has raised $621,001 to help Haiti.


New York City's tax revenues slid when Wall Street nearly capsized last year, and the city's resulting deficit makes it much harder for Bloomberg to pay for ambitious new programs.


Several of his new initiatives rely on the private sector, and he also promised to "stretch" every public dollar, by merging agencies and excising fat in the form of unneeded office space and car fleets. Duplicative functions, such as human resources, will also be combined.


"We will continue going full tilt -- full time," he said.


"And, even as we face difficult budget choices, which will require painful cuts, we will continue insisting that government remain on the side of every hard-working New Yorker," Bloomberg continued.


A PLEA FOR 'LIVING WAGE'


Local politicians, including Council Speaker Christine Quinn and City Comptroller John Liu, both Democrats, largely praised the mayor's plans.


But a spokesman for the Center for an Urban Future, a think tank, said the "home-grown," untrained or undereducated residents, need more help learning new skills to avoid getting "stuck in low-wage jobs for years to come."


The Drum Major Institute said Bloomberg should boost salaries by enacting a "living wage" law to avoid increasing the ranks of the working poor who often need public aid. For example, city employers will hire 22,000 cashiers and 32,000 retail clerks in the next seven years -- but only pay them $17,000 to $22,000 a year, the research group said.


FOCUS ON LOANS AND JOBS


Another public-private program, a new loan pool, will give New Yorkers now "drowning in credit card debt at huge interest rates" a fresh start with the first-ever bank accounts that require no minimum balances and have no hidden fees, he said.


New "financing fairs" for immigrants will let them meet with lenders who speak their languages, he said. Some 5,000 more of the "newest" New Yorkers will offered English classes.


All business owners will benefit from a lighter paperwork burden, as license applications will be sped and coordinated among agencies, kick-starting new enterprises with a new business 311 telephone line.


Shifting $750 million to the housing marketplace rescue program from the capital budget will help protect tenants in "distressed" apartment buildings, he said. Landlords who own such buildings overpaid for their properties and overmortgaged them; upkeep and services can fall if foreclosures result.


Though New York City's foreclosure rates are lower than in some of the nation's other largest cities, 1,000 middle-class families will be able to refinance their homes at "reasonable terms" with a new $10 million mortgage assistance fund, Bloomberg said.


Bloomberg, who has made improving public school education a signature issue, proposed new anti-truancy and anti-pregnancy initiatives, noting that black and Hispanic young men are twice as likely not to graduate from high school and "far more likely" to become fathers than their white and Asian peers.


Further, poverty rates for black and Hispanic young men are 50 percent higher than for Asians and whites, while their unemployment rates are 60 percent higher, the mayor said.


Using federal stimulus money, he proposed creating 2,000 public and private-sector jobs for young people. (Reporting by Joan Gralla; Editing by Jan Paschal)

How much would a trip to New York City Cost?

I'm DFW (Dallas Fort Worth, Texas) and I want to know How much would it cost to travel to New York City and stay there in a decent hotel,travel by plane and do the things you usually do when you travel there. So how much would be the total cost of a trip?

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Wednesday, January 20, 2010

Bloomberg Highlights Strategy of Savings for City Does anyone else feel enfuriated

New York City

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Mayor Michael R. Bloomberg focused on the incremental rather than the innovative in his annual State of the City address on Wednesday, pledging to avoid any new spending, to consolidate government operations and to take modest steps in helping small businesses and minority youths.


It was a decidedly more low-key, less ambitious presentation than those Mr. Bloomberg has made in the past.


He promised to expand job training services and to organize financing fairs for immigrant small-business owners. He said five banks and five credit unions had volunteered to set up a program featuring bank accounts with no minimum balances or hidden fees. And in the city’s latest effort to help stanch the foreclosure crisis, he vowed to establish a $10 million fund that would help up to 1,000 families refinance their mortgages.


Mr. Bloomberg, who won re-election to a third term by a narrower-than-expected margin in November, said that a new interagency task force would “consolidate,” “centralize” and “reduce” government operations. Among the goals, he said, would be cutting the number of city vehicles, and shrinking the city’s office space by 10 percent — or 1.2 million square feet — over four years. The trim in office space would save $36 million in rent, and $4 million in energy, each year.


He delivered his address — his ninth since taking office in 2002 — at Frank Sinatra School of the Arts in Astoria, Queens. And in a nod to “New York, New York,” which was played over a loudspeaker before and after his 45-minute speech, Mr. Bloomberg borrowed liberally from the lyrics: “As someone once said, ‘We’re going to make a brand new start of it. We’re going to do more than ever — more than any city has ever done — to find innovative ways to improve people’s everyday lives.”


In some ways, the speech was a bit of a departure for the mayor. He largely steered clear of anything controversial, unlike earlier addresses, which dealt with subjects like education, property taxes, ground zero, homelessness and term limits.


There was no slick video narrated by Ric Burns or a marching band, as was the case last time. He made no part of his speech in Spanish, as had been his habit when he was running for a third term last year.


Instead, Mr. Bloomberg offered a menu of grind-it-out ideas designed to help New Yorkers, against a backdrop of a $4 billion budget deficit and a national recession. “It was a different kind of speech,” said Bill de Blasio, the city’s new public advocate. “It was definitely incrementalist. A lot of the big-picture issues were kept to a minimum.”


Perhaps the most notable proposal was Mr. Bloomberg’s plan to combine the Department of Juvenile Justice with the Administration for Children’s Services.


“Make no mistake: there will be no coddling,” Mr. Bloomberg said, referring to youngsters in the juvenile justice system. “This is an anti-crime strategy based on real data, and we’ll measure results carefully.”


Two small agencies — the Mayor’s Office of Film, Theater and Broadcasting, and NYC TV — will also be merged. And at the Human Resources Administrations, two back offices will be combined, Mr. Bloomberg announced, resulting in an expected annual savings of $3.9 million.


And, in the kind of language that was typical of his tenure building his financial services firm, Bloomberg L.P., the mayor — who is the wealthiest person in the city — said that technology could improve government efficiency and customer service. He plans to start a pilot program to install GPS devices on city school buses. He also said the city would hand out bracelets that would enable families to locate the elderly or children.


Mr. Bloomberg, who toyed with the notion of a presidential run in 2008, and was later reported to be on Senator John McCain’s short list of vice presidential contenders, did not completely confine himself to local issues.


Citing President Obama’s announcement that undocumented Haitians who were in the United States before the Jan. 12 earthquake would get temporary protective status and be allowed to remain legally for 18 months, Mr. Bloomberg said that the city would lead an effort to help Haitian New Yorkers get legal and administrative support to apply for such status.


“That will allow them to find legal employment here, and allow more money to find its way back home to their loved ones,” Mr. Bloomberg said.


Afterward, city officials offered mixed assessments. Christine C. Quinn, the City Council speaker, praised Mr. Bloomberg’s commitment to small businesses, and his attempts to deal with foreclosure problems.


John C. Liu, the new city comptroller, commended Mr. Bloomberg for focusing on small businesses and immigrants, but said that the foreclosure plan sounded like “rhetoric we’ve heard before.” Mr. Bloomberg should have been more critical of Wall Street, Mr. Liu added.


Meanwhile, Scott M. Stringer, the Manhattan borough president, and Rubén Díaz Jr., the Bronx borough president, expressed surprise and disappointment that Mr. Bloomberg did not say anything about establishing a commission to overhaul the City Charter — a commission that is expected to change the term-limits law.


Of course, Mr. Bloomberg being Mr. Bloomberg, a few verbal miscues were on display, as well. Beyond botching a couple of names, Mr. Bloomberg may have committed a bit of a Freudian slip when he summed up his speech as the “State of Our Union,” and not the State of the City.

What's the best and cheapest way to go from Niagara Falls to New York City?

Should I go back to Toronto and fly from there?

JetBlue CEO talks of moving headquarters to Orlando

New York City

Dave Barger met Tuesday with Gov. Charlie Crist, who said the state may be able to offer financial incentives to help persuade JetBlue to make the move.


It would bring about 800 jobs to Orlando, where the company already has a training facility.


Barger said JetBlue had been looking at several cities but narrowed the choice to Orlando or staying in New York. He said the company expects to make a decision by the end of March.

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Tuesday's headline is now NYC to address PCB-contaminated caulk in schools

New York City

The Environmental Protection Agency and New York City are developing a program to address potentially hazardous PCBs in school construction materials.


PCBs are chemicals that were widely used in caulk and other building materials until they were banned in the late 1970s. They can harm the immune, reproductive, nervous and endocrine systems and can cause cancer if they build up in the body over long periods of time.


Under an agreement announced Tuesday, New York will conduct a pilot program in five schools to determine how best to minimize exposure to PCB-contaminated caulk. The goal is to develop an abatement protocol that can serve as a model for school systems across the country.


New York City's public school system is the nation's largest with 1.1 million pupils and 1,600 schools.

Doug Kerr took an incredible image - Interstate 495 - New York

When I need something entertaining to do I look at "New York" snapshots on Flickr.



New York - a pic of New York Interstate 495 - New York can be summed up by saying:Interstate 495 - New York

Click for the location of the original New York picture just because everyone always ends up wanting it.

I am impatient to hear some opinions about this photo, or about New York in general?

New York City is making waves - City Agrees to Conduct a Study on the Risks of PCBs in Schools

New York City

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New York City school officials have agreed to assess the environmental risks posed by PCBs in school buildings and to come up with a plan for cleanups and for reducing potential exposure, federal officials said Tuesday.


Officials with the Environmental Protection Agency said that the city, under a binding accord, would conduct a pilot study to address potential violations of the Toxic Substances Control Act related to the presence of caulk containing PCBs above the allowable level of 50 parts per million.


They said the city had found unsafe concentrations of PCBs in testing during construction and renovation projects. They added that the city had estimated that hundreds of school buildings could have the same problem.


PCBs, or polychlorinated biphenyls, are a class of highly toxic chemical compounds that were widely used in construction materials and electrical products in many buildings, including schools, from the 1950s until they were phased out in 1978, the E.P.A. said. They were commonly used around windows and door frames and in masonry building materials; with long-term exposure, they can cause cancer and affect the immune and reproductive systems when they are released from the caulk into the air or through direct contact, the agency said.


As part of the agreement between the E.P.A. and the city, officials with the School Construction Authority will test, assess and reduce exposure to PCBs in five schools. The pact is intended to lead to a citywide approach.


The five have yet to be chosen. Ross J. Holden, vice president and general counsel of the School Construction Authority, said one that was built between 1950 and 1977 would be selected in each of the five boroughs.


Judith Enck, the E.P.A. regional administrator in New York, said in a statement, “We believe that the program outlined in this agreement, along with general E.P.A. guidance on managing the issue, will serve as a model for school systems across the country.”


Miranda K. S. Massie, a senior staff attorney with New York Lawyers for the Public Interest, which sued the city’s Department of Education over the issue, called the agreement “a healthy start.”


She said her group was withdrawing its lawsuit because of the accord and because of an assurance by city officials that the school attended by the plaintiff’s daughter, P.S. 178 in the Bronx, would be chosen for the study.

Sit down before you read about New York in this article - Fed defends actions in AIG case, invites inquiry

New York

WASHINGTON (Reuters) - Federal Reserve officials on Tuesday launched a vigorous defense of their dealings with American International Group, calling for a congressional audit and denying any inappropriate action with respect to payments the bailed-out insurer made to banks.


Fed Chairman Ben Bernanke invited a full congressional audit of the U.S. central bank's dealings with AIG and the New York Federal Reserve Bank turned over 250,000 pages of documents to a House committee that has scheduled a hearing on the matter next week.


The U.S. House of Representatives Oversight and Government Reform Committee is investigating whether the New York Fed improperly limited public disclosures about payments to banks to unwind $62.1 billion in AIG credit default swaps.


The head of the committee has called the payments a "backdoor bailout" for banks.


Lawmakers are angry at the Treasury Department and the Fed over the AIG bailout, which cost about $180 billion, and over bonuses paid to AIG executives. That has helped fuel some opposition to Bernanke's bid for a second term as Fed chief, though he is still expected to win approval in a full Senate vote that could come this week.


GEITHNER ON HOT SEAT


Treasury Secretary Timothy Geithner, who was New York Fed chief at the time AIG was rescued in 2008, is to testify before the committee next Wednesday. He has denied that he had a hand in any advice to AIG about limiting disclosure.


In a lengthy memo posted on its website, the New York Fed pushed back against a number of claims made after a lawmaker released a batch of emails showing the New York Fed counseled AIG not to explicitly state it was paying banks 100 cents on the dollar on credit default swaps it had written.


The New York Fed said it was "incorrect" to say that as a result of its actions, AIG did not tell the Securities and Exchange Commission that it was paying banks including Goldman Sachs Inc at par to settle the swaps contracts after the insurer received a taxpayer bailout.


AIG, in filings with the SEC, said the securities were being bought by letting banks retain collateral and by making cash payments that -- taken together -- roughly equaled the full value of the swaps, the Fed said.


DIDN'T LEAN ON AIG


The New York Fed also disputed charges that it leaned on AIG not to make required disclosures to regulators about the transactions.


"Some have ... suggested that the (New York Fed) pressured AIG not to make required disclosures about material elements of the Maiden lane III transactions," the Fed said, referring to the special entity it set up to fund the rescue of AIG swaps contracts.


"This is also incorrect," the New York Fed asserted.


The central bank further denied that it was as a result of pressure from it that AIG sought to keep the names of the counterparties under wraps.


When pressed to disclose the names by the SEC, AIG sought confidentiality, fearing those firms and others might sever businesses ties over a breach of trust, the New York Fed said. AIG disclosed the names months later under pressure from lawmakers.


(Reporting by David Lawder, Mark Felsenthal and Rachelle Younglai, writing by Glenn Somerville; Editing by David Gregorio)