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.

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Lindsay Armstrong  |  June 28, 2012 4:00 AM | Comments

Seth Pinsky discusses the rise of the tech sector in New York City’s economy and how the city can make sure that this tech boom is a stable one.

VIDEO
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NJToday  |  June 27, 2012 5:36 PM | Comments
It’s been almost two years since Mark Zuckerberg pledged $100 million to improve Newark schools. The foundation CEO explains what's been done with the grant money thus far.VIDEO
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Daniel T. Allen  |  June 27, 2012 4:00 AM | 3 Comments
The offices of OMGPOP and Tumblr don't skimp on cool design features. For fledgling start-ups, choosing a work space is a balance of comfort with thrift.VIDEO
Roosevelt Island, two miles long and narrow, will soon be home to students focusing on technology. The island is preparing to become Silicon City. AP /Mark Lennihan
Lindsay Armstrong  |  June 27, 2012 4:00 AM | 2 Comments
The Cornell-Technion campus on Roosevelt Island won't be operational until 2017, but Cornell is moving full steam ahead with plans, with students arriving in the fall.VIDEO
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Christina Mulligan  |  June 27, 2012 4:00 AM | 1 Comment
Jon Gertner, author of "The Idea Factory: Bell Labs and the Great Age of American Innovation," speaks with NJToday Managing Editor Mike Schneider about the labs.VIDEO
Photo by Spencer T. Tucker
Philissa Cramer for Gotham Schools  |  June 26, 2012 11:18 AM | 1 Comment
Not a single slot will be lost or school aide laid off as a result of this year’s budget deal.
Rafael Pi Roman, host of MetroFocus.
June 26, 2012 4:00 AM | Comments
This half-hour program hosted by Rafael Pi Roman examines the booming tech sector in New York City and its future. VIDEO
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Rick Karr  |  June 26, 2012 4:00 AM | Comments
According to tech reporter Rick Karr, it's the creativity of individual technologists in New York that distinguishes them from their colleagues in Silicon Valley.VIDEO
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Daniel T. Allen  |  June 26, 2012 4:00 AM | Comments
One in three American teens use social media on a daily basis, a figure that should stress the importance of adult supervision, according to a new report.VIDEO
Qwiki recently moved back to New York City from Silicon Valley. 15 employees operate out of a SoHo office. Photo courtesy of Qwiki
Georgia Kral  |  June 25, 2012 4:00 AM | 2 Comments
For tech start-ups, New York City offers partnerships with creative sectors that Silicon Valley doesn't. We check in with one company.VIDEO
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