Last week in D.C. the shutdown got shutdown, which as our previous columns show was not the result rightbloggers had been banking on. Indeed, in the final days of der Untergang, many of them were already spinning furiously, like Rich Lowry, whose broadcast from the National Review bunker was headlin ... More >>
In between his roles as Giuliani's "Rat Czar" and the MTA's chairman, mayoral candidate and Republican frontrunner Joe Lhota spent his days at 4 Pennsylvania Plaza. For five years, he was an executive vice president of Cablevision; then, in 2010, he was named the chief administrative officer at Madi ... More >>
The New York Institute of Technology and Cardean Learning, a for-profit online education company, will have to pay back $4 million for orchestrating a scheme to suck federal funds out of unsuspecting students, according to court documents obtained by the Voice. NYIT, a not-for-profit college with a ... More >>
Da Vinci's "Mona Lisa," Michelangelo's "David," and a lap dance from some stripper named "Cinnamon" could all soon have something in common -- each could be considered "art" here in the Empire State.Let's rephrase that: they could all be tax-exempt "art" in the Empire State.New York's highest court ... More >>
Good news for the nutritionally challenged: you'll soon no longer need fingers to get food stamps.Governor Andrew Cuomo announced today that the wheels are in motion to do away with a policy that requires food stamp recipients to submit their fingerprints to the government. The policy is considered ... More >>
Gage SkidmoreBanks benefited even more from the public bailout than previously known.It's been three years since the the cataclysmic financial crisis that nearly destroyed the global economy, and three years since the government offered up $700 billion in public money to prop up the banks tha ... More >>
The White House just sent out a Fact Sheet titled "Living Within Our Means and Investing in the Future - The President's Plan for Economic Growth and Deficit Reduction." Here's a word cloud showing the repetitive language shown through out.
The city announced a plan today to transform part of the Brooklyn Municipal Building in downtown Brooklyn into 49,000 feet of retail space. Which part? The Department of Finance, which is relocating somewhere else to make room for the new mall. The developer is United American Land, and they ... More >>
In order to come to a resolution on a new debt ceiling, Congress has been working around the clock. "Around the clock" for Congress means they are just taking a shorter vacation, but still, coming to an agreement on this issue has become paramount in lawmakers' eyes. Obama thinks that if the ... More >>
David ShankboneIn 2009, a landmark state appeals court ruling found that the owners of Stuyvesant Town-Peter Cooper Village had illegally deregulated 4,400 apartments while enjoying special tax breaks from the city. Its impact wasn't quite clear; no one was sure what the legal rents of those apartme ... More >>
A political rally you can dance to
Those looking for the passion missing from the Democratic and White House response to the demands of the GOP/Wall Street/Murdoch media coalition, should tune in to the one man rebel band now playing in Washington named Bernie Sanders. The 69-year-old independent senator from Vermont let loose ... More >>
It's been six weeks since New York's state government raised the cigarette tax to $4.35 a pack (more in NYC), and guess what? Cigarette sales have fallen by 35 percent. And the tax hike has translated to only $6 million more in revenue since last month. The reason? New York smokers are broke! Or ... More >>
The Supreme Court ruled today that California's publicly financed Hastings College of Law has the right to deny recognizing a Christian students group that discriminated against homosexual students. In a 5-4 decision, the court ruled that the University of California was within its rights not to re ... More >>
voxefxtm/FlickrIn March, Governor Paterson announced plans to ditch his soda tax, thanks to $1.3 billion of federal stimulus money. But the soda tax is apparently still alive and well, and living under an assumed name: it's now called the modified sugar-sweetened beverage tax.
As many of you know, our weekly dining and drinking newsletter features all the coolest epicurean events in the city. Sign up for it here! Hungover Happy Hour Trivia Night Housing Works Used Book Café April 12, 7 p.m. Bring your friends or make new ones at this trivia night for a great cause. Ther ... More >>
Governor Paterson gave his annual State of the State speech, and although there were some of the grim zingers to which we've grown accustomed to hearing from him -- "The days of running New York like a payday loan operation must come to an end" is our favorite -- he mostly boosted the state ("New Y ... More >>
Poor Helmer Toro, owner of the legendary H&H Bagels, can't seem to stay out of trouble. In summer 2008 we noted some of his legal and financial woes, including a $2.335 million property lien brought against him by the IRS. Toro had previously been accused of shunting some of his tax liability to a q ... More >>
The city is going to press Albany this week to reinstate the film tax break that made New York such a popular location shoot in recent years. When the money ran out this year, so did producers; NBC Universal's Jeff Zucker said in February that "television companies that made 19 pilots for programs l ... More >>
Tax-and-spend Democratic rule is great! says the Daily News, which reckons that the President's recently-announced budget is "Christmas in February for New York." They say aid to "low-income, working families afford child care will effectively double," and so will food stamps, and block grants to c ... More >>
Ah, the wisdom of the people: a Quinnipiac poll shows 79 percent of New York state residents approve of increasing taxes on millionaires. In fact, they approve of tax hikes on people making half a mil, and even a quarter mil, though by slimmer margins. The Albany Times-Union headlines this news "vo ... More >>
(art courtesy of cnn.com)CNN's Sean Callebs is spending a month living on food stamps in an interesting fusion of recession coverage, foodie blog, and CNN kookiness (if you've ever watched American Morning, you'll know what I mean). In Louisiana, where Callebs lives and works, one out of every six p ... More >>
It wasn't your overdue mortgage.
Former MTA boss Richard Ravitch revealed his commission's plan for saving the MTA today. It calls for the state to take over the city's big bridges, putting tolls on the East River and Harlem River bridges, a third-of-a-percent "mobility" payroll tax on corporations, and biennial, automatic increase ... More >>
Governor Paterson is going into meetings with the Legislature, and from reports like this one from AP, he and his people are spreading a hard line: the Governor expects "no deals" on the $600 million in cuts he wants made to the state budget. This is an odd way to put it, considering how compliant ... More >>
The press is oblivious to the real link between Alaska refuge drilling and corporate taxes. The money pumped out of our staggering economy by tax breaks for the corporate rich during the Bush Era dwarfs the tax revenues we would wind up extracting from wrecking the Alaska National Wildlife Refuge. ... More >>
Wait, it's not what you think
This morning, Mayor Michael Bloomberg announced his proposal to revamp 421-a, the 35-year-old city policy that grants tax breaks to developers of residential buildings. Among the reported changes that the mayor will call for: requiring developers in more of Manhattan and Brooklyn Heights to incl ... More >>
Workers have installed a rung of scaffolding on the 10th Street side of the old P.S. 64 school building in the East Village, in preparation for stripping its now landmarked facade. Owner Gregg Singer says he now has "no choice" but to lop off the historic terra cotta trim in order to challenge las ... More >>
During the 2005 mayoral campaign the BIG ISSUE no candidate talked about was the looming $4.5 billion gap in the budget due next summer. But that big issue keeps getting smaller and smaller. Last month City Hall said increased tax revenues had shrunk the gap to $2.25 billion, and today the Comptroll ... More >>
President trades American promise for a Wall Street gamble
Some Scientists Refuse to Get Paid for Killer Ideas
The Pentagon Pours Millions Into 'Gait Recognition Technology'
Job-Jingo Governor Proposes 'State-Killing' Budget
Pataki's No-Tax Vow Is Salt to City's Wounds
The 'Times' Bulldozes Its Way to a Sweetheart Land Deal You Will Pay For
April 15 May Be the Least Popular Day on the Calendar. Ready?
Why Has a Convicted Brooklyn Landlord Been Let Off Easy?
World Trade Center Lease Deal Could Slash Housing Revenue
Oops, Says Prez. Let's Keep That AIDS Office
Silicon Alley Chokes on Proposed European Tax