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President Scott M. Stringer
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by: Verena Arnabal | 4/14/2009
Plan to Change Student Lending Sets Up a Fight (New York Times) The private student lending industry and its allies in Congress are maneuvering to thwart a plan by President Obama to end a subsidized loan program and redirect billions of dollars in bank profits to scholarships for needy students.
 
Recession Stalls State-Financed Pre-Kindergarten, but Federal Money May Help (New York Times) One of the most drastic expansions of public education in recent American history unfolded quietly in this decade, as dozens of states added free pre-kindergarten classes to their traditional kindergarten to high school offerings.
 
Report Envisions Shortage of Teachers as Retirements Escalate (New York Times) Over the next four years, more than a third of the nation’s 3.2 million teachers could retire, depriving classrooms of experienced instructors and straining taxpayer-financed retirement systems, according to a new report.
 
School lotteries classless, say shrinks (Daily News) As thousands of parents and kids cram auditoriums hoping to beat the lottery odds and win seats in the city's coveted charter schools, experts are questioning the wisdom of holding public drawings.
 
School system keeps us in dark – parents (Daily News) Parents and advocates say they are shut out of information allowing them to keep tabs on how the mayor's management of the school system is working.
by: Shira Gans | 4/13/2009
Shining a light on loan to own (The Real Deal) Lenders offer money at higher rates, increasing chances of default and foreclosure.
 
Schumer Warns Against Predatory Lenders (NY1) Senator Charles Schumer told homeowners Saturday to look out for predatory lenders before they refinance.
 
Mayor Bloomberg Outlines 11 Initiatives to Support New York City's Financial Services Sector and Encourage Entrepreneurial Activity (NYC EDC) The initiatives outlined are aimed at retaining and expanding the cluster of businesses and institutions that have made the City the global financial services capital, while simultaneously fostering new ideas that will keep the City competitive for decades to come.
 
Mayor Bloomberg Announces New Initiatives To Help New York City Nonprofits Cope With Cash Crunch As A Result Of The Economic Downturn (Mayor’s Office) Mayor Michael R. Bloomberg today outlined new initiatives to help New York City’s more than 40,000 cultural, health and social service nonprofit organizations survive the economic downturn.
Crossing the North River by ferry. Image courtesy of the Library of Congress.
QUESTION:
 
Say you find an old family scrapbook in the attic. Inside the book is a postcard that your great grandfather wrote during a visit to New York City over a century ago. Some stops on his sightseeing itinerary might sound puzzling. He writes about taking a carriage ride to Longacre Square. He also describes hopping on a ferry to cross the North River. And he tells of strolling up the Boulevard. If you wanted to revisit great granddad's stops, where would you go today?
 
A. Union Square, the East River, and Fifth Avenue
B. Herald Square, the Harlem River, and 14th Street
C. Times Square, the Hudson River, and Broadway
 
For the answers, click on "Full Entry"
by: Alexis Margolin | 4/9/2009
Photo Credit: Sailesh Mahadevan
The New York Times reports that the Empire State Building is going green. Owners of the building plan on adding an additional $20 million to the $500 million renovation to reduce the buildings energy use by 38 percent a year by 2013, at an annual savings of $4.4 million. Anthony E. Malkin, president of Wien & Malkin, which supervises the building on behalf of the owners, the Malkin family and the Helmsley estate, said that upfront costs are often a deterrent for retrofitting older buildings, but the energy savings for the building , built in 1931, are expected to pay back those costs in only about three years.
by: Maggi Peyton | 4/8/2009

"Snowy Trattoria" by Robert Schultheis
by: Angelica Crane | 4/8/2009
On March 31st, the City Council’s Committee on Zoning and Franchises had a hearing regarding the Eastern Rail Yards text amendments. The proposed text amendment would site a residential building in the southwest quadrant of the Eastern Yard, remove the ground-floor retail requirement from the community facility building, and eliminate required parking for development in the Eastern Rail Yard while establishing controls for permitted accessory parking. In order to allow these changes, the City must amend four sections of the Zoning Resolution.
 
Representatives of Community Board 4, area residents, and supporters of the High Line, many wearing red “Save the High Line” T-shirts, testified at the hearing.
 
Borough President Stringer’s testimony, which was delivered by Mike Kent, his urban planner for the area, stated...
by: Steve Corson | 4/8/2009
Residents of 3333 Broadway Face Two Worlds (Columbia Spectator) The Columbia Spectator reports on differences in the quality of market rate and affordable units at a massive multi-family building in Harlem.
 
Manhattan condo sales plummet (Crain’s) Three reports issued last Thursday describe a sharp decline in condo sales across the Borough.
 
Relying on receivers again (The Real Deal) The Real Deal examines the increase in receiverships in multi-family buildings across the borough that have been unable to meet mortgage and other financial obligations.
 
Stuyvesant Town’s Landlord Can Appeal Ruling on Rents (New York Times) The Owners of Stuyvesant Town have received permission to appeal the recent March 5 ruling on J-51 tax abatements and rent regulated tenants in the New York State Court of Appeals. 
by: Verena Arnabal | 4/7/2009
Education Stimulus Funds (New York Times) Secretary of Education Arne Duncan told the nation’s governors on Wednesday that in exchange for billions of dollars in federal education aid provided under the economic stimulus law, he wants new information about the performance of their public schools, much of which could be embarrassing.
 
Education’s Odd Couple Do Their Act, and Provoke Controversy (New York Times) Schools Chancellor Joel I. Klein and the Rev. Al Sharpton, co-sponsored a conference of the Education Equality Project.
 
Schools’ System Keeps Us In The Dark (Daily News) Parents and advocates say they are shut out of information allowing them to keep tabs on how the mayor's management of the school system is working.
 
The Cost of Day Care and Agonizing Choices (Daily News) Cost of daycare forced mom's agonizing choice: Sent baby to China till he was old enough for school.
 
Moving 5-year olds in ACS centers to DOE kindergarten (Daily News) Supposedly money-saving day care closings will set city back $7M, study shows.
by: Shira Gans | 4/6/2009
A look at retail vacancies by neighborhood (The Real Deal) The Real Deal examined the state of retail in five of the most heavily trafficked shopping areas in Manhattan —125th Street, the Upper East Side's Madison Avenue, the Lower East Side, the Financial District and the Meatpacking District — to see how each is weathering the economic downturn, and found that each district has its own unique set of challenges, from worker layoffs in the Financial District to Madison Avenue shoppers burned by the Madoff Ponzi scheme.
 
Small Business: Suffering in Good Times and Bad (Gotham Gazette) You only have to walk along any city commercial strip to notice the myriad of "for rent" signs. They are popping up on storefronts across New York, as merchants of all types struggle to survive. The faltering economy deserves some of the blame, but many small business owners maintain the uptick in those signs preceded the current fiscal crisis.
 
Protesters March on Wall Street (NY1) Thousands of protesters marched in Manhattan for the second day in a row on Wall Street today, to call for an end to the wars in Iraq and Afghanistan and for more government aid for struggling working people.
 
Department of Labor Promotes Career Web Site for Workers of the Future: Educators Urged To Use CareerZone Web Site to Guide Students into Rewarding Careers (NYS Dept of Labor Website) At a news conference at Niagara Falls High School on April 3rd, State Labor Commissioner M. Patricia Smith promoted CareerZone, the department’s award-winning online career development tool. The web site, at www.nycareerzone.org, was recently redesigned and features a special Science, Technology, Engineering and Math (STEM) portal for students to explore careers that are expected to be in high demand.
 
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