After months of speculation about his political future, Mayor Michael R. Bloomberg plans to announce on Thursday morning that he will seek a third term as mayor, according to three people who have been told of his plans. The extraordinary move promises to upend New York City’s political world. Right now, Mr. Bloomberg is barred [...]
The Bush administration has been trying to convince lawmakers and the American people for more than a week now that the effort to buy toxic mortgages from U.S. financial institutions is not about bailing out Wall Street — it is about the economy. President Bush emerged from the Oval Office for the second day in [...]
Court setback imperils Atlantic Yards ground breaking but bank statement is a boost. Barclays Bank says it is committed to the planned basketball arena at the Atlantic Yards project despite a court setback which imperils a planned ground breaking. A state Appellate Court panel Monday rejected a plea by the state’s Empire State Development Corp. [...]
Staten Island GOP chairman John Friscia said that he expects challenges of Democratic Judge Judy McMahon’s nomination in this year’s state Supreme Court race to be withdrawn shortly. “We will have this open-seat race on Staten Island,” Friscia said. “We’ll let the voters of Staten Island decide.” Objections had been filed with the city Board [...]
Eight smoke shops that sell tax-free cigarettes on a Long Island Indian reservation are under fire from Mayor Michael Bloomberg, who is suing the shops because he said New York City is being cheated out of millions in tax revenues. The lawsuit, filed in federal court in Brooklyn, accuses the small cluster of shops on [...]
With six contenders repping for a 2009 City Council race in Forest Hills, the current seat-holder – the term-limited Melinda Katz – recently tipped her hand on who may rise to the top. “Melinda has not yet endorsed a candidate in the race,” her spokeswoman Molly Watkins told the Daily News last month. “She considers [...]
Gov. David Paterson has signed a bill to allow New York City to build a recycling center and environmental education center in a Manhattan park on the Hudson River. Mayor Michael Bloomberg issued a statement on Monday afternoon thanking Paterson for signing the legislation, which lets a plan to build a marine transfer station on [...]
Dutchess County Republican Committee Chairwoman Corinne Weber has resigned over a chain e-mail she forwarded to party members, some of whom were offended by its content. Weber forwarded an e-mail to more than two dozen Republicans on Friday night that makes a veiled reference to Democratic presidential candidate Barack Obama and suggests he is the [...]
Treasury’s $700 billion Wall Street rescue plan collapsed in the House, sending a shock through financial markets and leaving the Bush Administration scrambling to find some new way to deal with the credit crunch facing the American economy. “I don’t know that we have the path forward at this point,” House Minority Leader John A. [...]
The House began a heated debate this morning on legislation that would authorize what is likely to become the biggest federal government bailout in the nation’s history, shortly after President Bush urged lawmakers to act quickly to approve the $700 billion proposal hammered out over the weekend. Bush acknowledged that the vote will be “difficult” [...]
