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.

Technological innovation is helping musicians achieve success in new ways. Flickr/ all that improbable blue
Georgia Kral  |  June 12, 2012 4:00 AM | Comments
Participants of the Music NOW Summit at Northside Music Festival discuss technological innovation that helps musicians achieve success in new ways.VIDEO
Florent Morellet, former restaurant owner, is moving forward while many of his fans look back. Photo by Paul Szynol.
Florent Morellet  |  June 11, 2012 4:00 AM | 6 Comments
The former restaurateur reminds nostalgic fans of his parting message: accept change. VIDEO
Aeon-Solar_1000px
James West and Tim McDonnell for Climate Desk  |  June 8, 2012 4:32 PM | Comments
As the Big Apple faces ever-hotter summers, officials are looking for ways to cool off in some of the only unused space left in a crowded city: rooftops.VIDEO
Atlantic Yards project map by Tracy Collins
Norman Oder  |  June 8, 2012 1:19 PM | Comments
Despite assurances, concerns that the Barclays Center will bring rowdy crowds and overstuffed streets haven't gone away.
Tourists in Times Square. Flickr/Courtney Collison.
Lindsay Armstrong, Menglin Huang, Christina Mullgan, Esha Ray  |  June 8, 2012 4:00 AM | 4 Comments
MetroFocus asked some of the foot soldiers of tourism what they wish tourists, and New Yorkers, understood about the city.
New York Gov. Andrew Cuomo's office says there's no connection between a $2 million contribution from the Gaming Association and his casino plan. The plan itself has hit major snags. AP/Hans Pennink
John Farley  |  June 7, 2012 4:00 AM | Comments
The governor is in hot water over the revelation that his (collapsing) casino plan may have been influenced by secretive special interest lobbying. VIDEO
clinton-myrtle-signs
Michelle Michalos  |  June 7, 2012 4:00 AM | 2 Comments
In the past decade, Pratt's partnership with the Myrtle Avenue Revitalization Project and its own Design Incubator has transformed the Clinton Hill neighborhood.VIDEO
Murray Hill Academy student Niles Flowers and his mother Jerine Wentt display Niles' new laptop he received after completing the
John Farley  |  June 6, 2012 4:00 AM | Comments
The term "digital divide" is problematic, but New York City is focused on improving broadband access and digital literacy for low-income students and their families.VIDEO
Michelle Dawkins makes minimum wage as an employee at JFK. Photo by Andrew Schwartz
Laura Nahmias for City & State  |  June 4, 2012 10:19 AM | Comments
Albany debates minimum-wage increase, with politics playing a starring role.
CitiBikes
Christina Knight and Christina Mulligan  |  June 1, 2012 4:00 AM | 1 Comment
"Drivers Wanted" at NYC Bike Share, as well as call center agents and more. The program expects to employ 150-200 New Yorkers by August.
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