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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Esha Ray  |  June 25, 2012 4:00 AM | 1 Comment
Per Scholas Institute for Technology in the South Bronx provides a no-cost IT training program to help low-income individuals get entry-level office jobs.VIDEO
The New York Assembly holds a debate on disclosure of teacher evaluations at the Capitol in Albany, N.Y., on Thursday, June 21, 2012. On the same day, the legislature approved the teacher ratings plan. AP /Tim Roske
John Farley  |  June 22, 2012 4:00 AM | Comments
A look at what the New York State Legislature did and didn't pass this year.VIDEO
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Menglin Huang  |  June 22, 2012 4:00 AM | Comments
The NYC Economic Development Corporation president describes the tech economy's growth and how to prevent another tech bubble burst. See interactive timeline.VIDEO
Mayor Bloomberg congratulates a winner in the first BigApps competition, in 2010. Flickr/ Steven Rosenbaum.
Georgia Kral  |  June 21, 2012 3:54 PM | Comments
Five initiatives aim to improve broadband in emerging high-tech areas, bring broadband to industrial zones, and improve access for residents through mobile platforms.
Photoville was conceived of after a successful photography exhibit in four shipping containers at the Dumbo Arts Festival last year. Photo by Sam Barzilay.
Georgia Kral  |  June 20, 2012 4:00 AM | 1 Comment
Why book a gallery for an exhibit when a refurbished shipping container along the Brooklyn waterfront is available?
Rafael Pi Roman, host of MetroFocus.
June 19, 2012 10:00 AM | 1 Comment
MetroFocus takes a look inside the region’s growing tech sector with an update on New York City’s investments, leaders and private start-ups. VIDEO
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Georgia Kral  |  June 18, 2012 4:00 AM | Comments
To receive this funding, arts groups in New York State must demonstrate how their art will spur economic development and community building.
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Michelle Sartor  |  June 14, 2012 2:27 PM | Comments
If the governor and legislature can’t agree on a state budget by July 1, non-essential government offices will shut down. VIDEO
Under a plan being floated by the Cuomo administration, New York's Southern Tier region (dark blue) could be the only area in New York State where fracking will be permitted. Image courtesy of Empire State Development
John Farley  |  June 14, 2012 4:00 AM | 1 Comment
In the wake of large resistance to natural gas drilling, the controversial process may be confined to four counties. Lawmakers say many issues aren't being addressed.VIDEO
A window cleaner works on a glass office tower roof. According to a new report by the Center for an Urban Future, jobs in the maintenance and janitorial fields are growing faster than those in other sectors in New York City. AP/Mark Baker
Menglin Huang  |  June 12, 2012 4:00 AM | Comments
Maintenance jobs are growing in New York City and many pay better wages and benefits than you might expect.
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