Should Denver and New York City implement a plastic bag tax?
He has done a fantastic job tooling together a contending team despite the cap-limits the Knicks have been forced to deal with. This offseason alone proves Grunwalds worth to New York. Despite financial restrictions, the former general manager brought in seven new players and re-signed three. While some of Grunwalds moves can be considered risky, such as the acquisition of Andrea Bargnani in a deal centered around a 2014 first-round pick , most of his decisions seem to be low-risk, high-reward. Debby Wong-USA TODAY Sports Glen Grunwald was demoted after putting together New York’s 2013-14 roster. He decided to bring in Metta World Peace to serve as a defensive stopper alongside Iman Shumpert. Grunwalds decision to sign point guard Beno Udrih to back up Raymond Felton and Pablo Prigioni gives New York a proven ball-handler and game manager. He also signed two big men in Jeremy Tyler and, more recently, Cole Aldrich to increase New Yorks frontcourt depth. Aside from the Bargnani trade, Grunwald made smart, savvy decisions to improve a Knicks roster that was ousted in the second round of the playoffs against a more physical Indiana Pacers team. He did what he needed to do to make the Knicks a more physical team capable of matching up against big, strong teams such as Indiana and the Chicago Bulls . Not only has Grunwald improved the Knicks roster during his tenure with New York, but he has also helped the team advance to the second round of the playoffs, which no general manager had done in New York in over a decade, as Frank Isola of the New York Daily News said via twitter. Glen Grunwald did a lot with the little he had to work with.
The state has a 16percent interest rate cap in place for consumer loans under $25,000. At least one of the online lenders had been charging more than 1,000percent in annual interest. Sullivan agreed that Lawsky has authority over loans made over the Internet to consumers residing in New York, essentially stripping the Native American groups of their immunity from state law. The states action is directed at activity that takes place entirely off tribal land, involving New York residents who never leave New York state, Sullivan wrote in the order. These consumers are not on a reservation when they apply for a loan, agree to the loan, spend loan proceeds, or repay those proceeds with interest. Lawskys office declined to comment on the ruling. The Native American groups plan to appeal the judges decision, according to their attorney, David Bernick. This ruling opens a clear and painful breach in the legal protection that has consistently been afforded to the tribes efforts to become self-sufficient and economically stable, he said. Advocates for tribal lenders say the federal court overreached in its decision and that only Congress has the authority to regulate Native American groups. Jennifer Weddle , co-chair of Greenberg Traurigs American Indian law practice, said tribal lenders have been swept up in state and federal efforts to clamp down on payday loans, which carry high interest rates and often feature onerous balloon payments. A majority of the lenders that were cited by Lawsky, she said, offer installment loans with less harmful terms and repayment structures. Weddle said most of these lenders have established consumer protections in place. If New York regulators have concerns about the products that tribes are offering, they should work with the tribes to come up with some framework that works for everyone, she said.
Those provisions, bag tax supporters say, win them buy-in from retailers who might otherwise be skeptical. New York City retailers would get to keep the 10 cents the tax backers want to impose. Retailers wont [tax bags] by themselves, because then they look like the bad guy if theyre the only one on the block charging for a bag, said Jennie R. Romer, founder of the Web site PlasticBagLaws.org. But with a charge, the retailers no longer have to provide them for free. Once they get that, theyre generally okay with it. Denver expects to generate $1.7 million in plastic bag taxes during the first year a tax would be in effect. The political fate of the two proposals is far from certain. Denver Mayor Michael Hancock has said he will veto the measure because even a nickel or a dime would add up to a burden on low-income families. Supporters of the New York proposal are still searching for votes. States may be next to get in on the action. Six states California, Massachusetts, New Jersey, Oregon, Rhode Island and Washington considered statewide bans this year, according to the National Conference of State Legislatures. Eight states are considering fees or taxes on the bags. Reid Wilson covers state politics and policy for the Washington Post’s GovBeat blog.
New York City’s tech industry saved it from worst damage of 2008 financial collapse: Bloomberg Philanthropies
By Annie Karni / NEW YORK DAILY NEWS Monday, September 30, 2013, 12:28 AM A report commissioned by Mayor Bloombergs foundation says tech and info firms, such as Viacom and Digg, helped the city avoid the worst damage of the 2008 financial collapse. Related Stories Wanted: An education reformer The city’s tech industry, with Mayor Bloombergs support, helped prevent the worst damage of the 2008 financial collapse at least according to the mayors own philanthropic foundation. The tech and information industry which includes Internet startups and app developers, as well as old media companies like Time Warner and Viacom was responsible for a third of the jobs created in the city since 2007, according to a new report commissioned by Bloomberg Philanthropies. After the financial collapse of 2008, it was predicted that New York . . . was going to have a deep recession and a weaker recovery than the national economy, said Michael Mandel, chief economic strategist for the Progressive Policy Institute and the author of the report. The big surprise here is it has outperformed the national economy by a significant amount. Social media news aggregator Digg was launched in 2004 and is headquartered in New York City. Private-sector employment declined by 3% nationally between 2007 and 2012, but it increased by 4% in New York City, Mandel said. And the growth of the tech industry in Brooklyn has outpaced the rate in tech hubs such as Austin, Tex.; Seattle; Cambridge, Mass., and Silicon Valley, according to the study, Building a Digital City. RELATED: NYC AIR IS THE CLEANEST AMONG AMERICAN CITIES In addition, the tech sector which employed 262,000 people in 2012, or 8% of the citys workforce comprises well-paying jobs. The $30 billion in wages earned by New York techies constitutes 11% of the citys private-sector income. Chris Hondros/Getty Images Viacom, also headquartered in New York, is the fourth-largest media conglomerate in the world. San Francisco and Silicon Valley were the birthplace of the industry with West Coast universities serving as midwives but New York City has the creative capital to feed the next phase of the tech boom, experts said. RELATED: IPHONE 5S RELEASE: HACKERS TRY TO CRACK SMARTPHONE’S NEW SECURITY SYSTEM The first boom in the last decade was essentially infrastructure companies, explained Andrew McLaughlin, CEO of Digg and Instapaper. (But) now, people want to create content, which requires more creativity and communication and New York is well-situated to dominate that wave.