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.

MetroFocus/ Matt Chao.
Georgia Kral  |  October 22, 2012 4:00 AM | Comments
The economist and intellectual Joseph Stiglitz says Occupy Wall Street fatally chose spontaneity over organization. VIDEO
Map courtesy of the Center for Urban Research.
Georgia Kral  |  October 17, 2012 12:05 PM | Comments
MetroFocus looks at the redistricting process in New York City, a politically charged process that takes place once every 10 years.
Opening night of Riverfront Stadium in Newark, N.J.: Newark Bears vs. the Lehigh Valley Diamonds, Friday, July 16, 1999. The $34 million minor league stadium, and the nearby New Jersey Performing Arts Center, were built in downtown Newark to help revitalize the city. AP/Mike Derer
NJ Today  |  October 17, 2012 11:34 AM | Comments
The betting will likely be limited to the state's casinos and four racetracks.VIDEO
Agave Kiss captures the Cicada grade III at Aqueduct in Queens. Since Gov. Andrew Cuomo has taken the reigns of the New York Racing Association, the horse racing world is anxiously awaiting the governor's decision on the sport's future. AP/New York Racing Association
Susan Arbetter for The Capitol Report  |  October 17, 2012 7:39 AM | Comments
The state takes in more money than Nevada and New Jersey, combined.VIDEO
fracking in pa
Georgia Kral  |  October 17, 2012 4:00 AM | Comments
Some New York state residents say hydraulic fracturing will bring jobs and other opportunities to the region.VIDEO
raf590x346
October 15, 2012 1:35 PM | Comments
Local elections and how changes in ethnic communities are being mapped. Guest Nobel Laureate Joseph Stiglitz. How the Arthur Ashe Institute is saving lives.VIDEO
Weapons and Bag Check Comic Con Evan Leatherwood
Evan Leatherwood  |  October 12, 2012 4:00 AM | Comments
Unlike its San Diego counterpart, New York's Comic Con has a strong comic book focus. It has grown 500 percent since it started in 2006 and expects 115,000 attendees.
More trash awaits processing in Peekskill. After the burning, the ash is cooled and sifted for recyclable metal and the remains, about 10 percent of the initial volume, are sent to landfills. Photo by Marc Fader/ City Limits.
Bill Hughes for City Limits  |  October 11, 2012 11:59 AM | Comments
A Bloomberg administration plan pits concerns about city spending and carbon emissions against fears of environmental injustice.
An adoptable pet who visited City Hall in 2010 for the announcement of a major grant to the Mayor's Alliance for NYC's Animals, a coalition of more than 160 animal rescue groups and shelters that work with Animal Care & Control of NYC. Image courtesy of City Limits.
Jillian Jonas for City Limits  |  October 9, 2012 11:55 AM | Comments
The executive director and director of operations of New York's Animal Care & Control resigned last week as the city's shelter system faces criticism and a key court fight.
Derek Jeter, who has played by all counts an incredible season this year, runs at Yankee Stadium on Sept. 23, 2012. AP/Kathy Willens.
Michelle Michalos and Georgia Kral  |  October 5, 2012 4:43 AM | Comments
As Yankees advance to postseason, author Marty Appel talks with MetroFocus about the legends of the Pinstripe Empire.VIDEO
Page 16 of 39« First...10...1415161718...30...Last »
About Us    Contact Us    The MetroFocus Team   Mobile   WNET Pressroom   Privacy Policy    Terms of Service

Mutual of America

Funders

MetroFocus is made possible by James and Merryl Tisch, Bernard and Irene Schwartz, Charlotte and David Ackert, Jody and John Arnhold, Rosalind P. Walter and the Dr. Robert C. and Tina Sohn Foundation. Corporate funding is provided by Mutual of America, your retirement company.
© 2015 WNET    All Rights Reserved.    825 Eighth Avenue    New York, NY 10019