WEEKEND EDITION

Economy

Did High Fees and Poor Performance Cost NYC’s Pensions $2.5 Billion?

According to a report issued by the New York City comptroller's office in April, Wall Street money managers cost the city's public pension system $2.5 billion in "lost value" over the past ten years.

Truck on Broad Street during Hurricane Sandy recovery. MetroFocus/Christina Knight
Christina Knight  |  November 5, 2012 6:45 PM | 1 Comment
Pick-up trucks, vans, Verizon vehicles, pumps and industrial dehumidifiers create a whirring buzz during recovery efforts.VIDEO
IMG_1696
Beth Garbitelli  |  November 5, 2012 5:14 PM | Comments
The storm is over, but related disasters are still raining down on East Rockaway.
At the poll station at St. Ann's church in Brooklyn Heights, volunteers held signs indicating the direction to proceed in long lines. Photo courtesy of Tom Stewart.
Cristian Salazar for Gotham Gazette  |  November 5, 2012 12:07 PM | Comments
60 polling sites have been relocated, and the Board of Elections offices are without power.
dry ice carousel
November 4, 2012 9:20 PM | Updated: Nov. 8, 2012 11:35 AM | 4 Comments
Many in the region are struggling: here's how you can help others and get help for yourself and your family.
The line of people waiting to take the bus from the Barclays Center in Brooklyn to midtown Manhattan wrapped all the way around the new arena. MetroFocus/ Georgia Kral
Georgia Kral  |  November 2, 2012 8:20 PM | Comments
Who's on the bus to Manhattan? People who have to work and people whose journeys are worth the time it takes.
gas station cnypd car line
Marc Joseph Rosenblatt  |  November 2, 2012 9:05 AM | Updated: Nov 8, 2012, 4:25 PM | 1 Comment
As gas supplies dwindle, customers stand in line with gas canisters and police monitor the station.VIDEO
NYC buildings
Gala Lutteroth for Narrative.ly  |  November 1, 2012 6:17 PM | Comments
As New Yorkers discover during Hurricane Sandy that electricity is needed to provide water to most buildings, this narrative.ly video illustrates how water from reservoirs reaches city apartments above the fifth floor.VIDEO
Day laborers stand to benefit from the jobs created by Hurricane Sandy. Photo by Zaira Cortez, EDLP
Carolina Ledezma for El Diario La Prensa  |  November 1, 2012 9:11 AM | 1 Comment
An array of job opportunities for day laborers, contractors and drivers will likely be needed as the city starts to rebuild.
ac boardwalk
Desirée Taylor for NJ Today  |  October 31, 2012 3:07 PM | Comments
Hurricane Sandy impacted much of the Garden State, but some of the hardest hit areas were at the Jersey Shore.VIDEO
Many residents of Red Hook Houses ignored evacuation orders and now say they regret it. Photo by Gianna Palmer
Gianna Palmer for The New York World  |  October 31, 2012 2:06 PM | Comments
'Nobody in my building left at all' said one tenant. 'We should have left.'
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