Last updated: January 16, 2009 11:23am ULI Panel: More Grim News ULI Panel: More Grim News ULI Panel: More Grim News ULI Panel: More Grim News By Cody Lyon NEW YORK CITY-An early morning crowd of real estate and financial experts was served yet another platter of gloomy news during the Urban Land Institute's "Economic and Real Estate Outlook: 2009 and Beyond" breakfast on Thursday. The packed house heard economists Mark Zandi and Dr. Sam Chandan offer details, predictions and sermons warning of at least two more years of economic adjustments, challenges and hardship. "We're going to suffer the worst downturn since the great depression," said Zandi, chief economist at Moody's Economy.com Moody's Economy.com Moody's Economy.com Moody's Economy.com . A year ago, Zandi, along with a few other noted economists, said the job market was operating at stall speed. In a wire report that appeared in the Dallas Morning News, Zandi forewarned ''either something is going to revive the economy quickly or we're going to get into an unraveling, vicious cycle of declining spending and even weaker job growth." Fast forward 12 months to the ULI breakfast in Midtown, where Zandi, marveling at how rapidly his earlier prediction came true, said that in his 25 years as an economist, "it's about as bad as I've ever seen it." Attempting to lay blame, Zandi said house prices roughly doubled in the first half of the decade, then the process of mortgage securitization, the process of global investor dollars and turning those dollars into mortgages of US homeowners was all fundamentally flawed. "No one in this process had the responsibility of making sure that the loans being made were good loans," he said. Zandi said one of the hallmarks of this particular recession is over-levered consumers who are struggling to manage debt loads and record delinquencies. President and chief economist at Real Estate Economics LLC, Chandan later added that over the course of '09, a challenge the real estate community will have to face head-on is the rising delinquency and default rate. "That default and delinquency will significantly impact the way our market is perceived as an investment class," he said. In 2008, the nation saw 1,400 commercial real estate transactions, down from 4,400 in 2007. And as of November in New York City, commercial real estate deals had fallen off by 61%. Zandi
Chandan said the ways by which public policy sought to support the commercial real estate market in '09 will be a significant factor in terms of judging and accessing the outcomes for the sector for the next year or two. "For the last part of '08 and now the first part of '09, there has been no CMBS market to speak of, and that has been particularly problematic," said Chandan. "By mid-'07, CMBS had become the dominant source of credit availability within the real estate space." Through most of '08, the banks had stepped up where they engaged in reasonable levels of underwriting, Chandan said. But he added that by the end of Q3, the balances on the books of commercial banks for commercial real estate were actually in decline. Even still, Zandi said the best illustration of the overall downturn's severity was the job market. "Nationally, we lost 500,000 jobs in December, which means since those declines began, the nation has seen 2.6 million jobs disappear." Zandi noted that it is the largest continuous employment decline since the end of World War II. He said that here in New York City, thus far, the local economy had held up by most measures when compared to the rest of the nation. However, he predicted that '09 will prove to be extraordinarily difficult, and that given the troubles brewing in the financial service industry, the city will be in for some of its hardest knocks to date. The fact is, this past August, the New York City Economic Development Corp. reported that the city's financial services sector employed just over 344,000. As Zander noted, the financial services industry is still the engine of growth in the city, although in terms of absolute jobs, it represents only around 10% of the overall job base. But in terms of income, those jobs have fueled 25% of the economy. Attempting to frame his prediction as optimistic, Zandi said that '09 would usher in the loss of 250,000 jobs and that by 2010, another 50,000 would join them. Zandi said one could write a book about how the country ended up in the current mess--and noted that in fact he had, written such a book, Financial Shock, a phrase that could describe the look on ULI attendees' faces by the end of the event. He added that the country was in the "third wave," a combination of flippers and speculators with negative equity conditions buying amid rising unemployment. He said that's a problem that will continue to rise through '10 and beyond unless there are significant policy changes. "The losses have undermined all the capital based in the system," he told the audience. "I can see the magnitude of the loans originated in the boom-bubble period from 2004 to '07." Calling the current situation a panic, Zandi said the genesis was the September '08 weekend the federal government took over Fannnie Mae and Freddie Mac. When that happened, it crystallized in the minds of investors that no financial institution is safe. Zandi predicted a 21-month long recession, with no roaring back to health as in recessions past. "I suspect it will be 2011 when people start feeling better."
Tuesday, June 09, 2009
Remembering the MTA crisis
MTA Nears ‘Doomsday;’ Still No Albany Action
Subtitle
GlobeSt.com | April 30, 2009
Author
By Cody Lyon
Author Title
Original Filename
Sander
world
NEW YORK CITY-If Albany fails to reach a workable solution to close the Metropolitan Transportation Authority's budget gap over the next few days, the daily commutes for eight million New Yorkers will become more expensive, and the time it takes to get from point A to B, will increase markedly. In addition to decreased rail service, several bus routes will disappear on weekends and evenings while others disappear entirely. In fact, if a new funding mechanism does not see consensus at the state capital, the city that never sleeps may eventually see a complete shutdown of the transit system during late evening hours, under a "beyond doomsday" scenario MTA outlined on Wednesday after revealing that its deficit is even wider than originally forecast.
Fallout from what the MTA calls its "doomsday" plan has begun to spur outrage among city residents. On Tuesday afternoon, transit advocates came together with concerned citizens in Manhattan's Union Square, raising their voices against the proposed cuts. One speaker, 76-year-old resident Carl Van Putten of Hunts Point, shouted "where I live, we're not talking about inconvenience, we're talking about survival." Speakers at the event, largely organized on social networking site Facebook, sought to persuade attendees that New York City's economic backbone is its transit system and without it, the entire city suffers unimaginable trauma.
"I think it's a big myth that's been around for around 50 years that New York is somehow not a mass transit town," Wiley Norvell, communications director for the group Transportation Alternatives, told GlobeSt.com as trains rumbled underneath during another rush hour at the Union Square subway hub.
According to the MTA, a plethora of service cuts will be phased in over the next few weeks and months. The cuts began Thursday, as the traditional seasonal Long Island Rail Road service to Belmont Park was eliminated. But perhaps the true reality of the crisis will begin to settle in on May 31--when fare hikes of up to 29% are set to start on the subways and buses, with LIRR and Metro-North following suit the next day.
Then, June 28, train service cuts begin on a set of subway lines that reads like an elementary school chalkboard. The A, D, E F G N, Q and R lines will all see significant service reductions that day. Meanwhile, a list over two pages long details bus routes that will be either sharply reduced or eliminated entirely cutting off entire neighborhoods from the transit network.
"The people who will lose out the most on these cuts are people from Brooklyn, Queens and the Bronx who when they lose their neighborhood bus lines lose their public transit altogether," Norvell told GlobeSt.com.
Blame has largely centered on members of the state Senate who have made their opposition to bridge tolls widely known. Norvell makes no qualms about it, saying it was the Senate that was essentially blocking the proposed plan constructed by former MTA chairman Richard Ravitch's commission. Speaking to what he called the shared pain contained in the Ravitch proposal, Norvell says the plan is the only way the state can raise $2 billion in a politically expedient way.
Introduced last December, the Ravitch plan would have instituted a payroll tax in the 12 counties served by the MTA, implemented a $5 toll on East River and Harlem River bridges and increased fares on the subways moderately. The plan called for a transfer ownership of the East and Harlem River bridges from the city to the MTA, a process that Ravitch described in 2008 as "very complicated."
Despite complications associated with the transfers, Gov. David Paterson strongly supported the plan, as did regional leaders including Assembly Speaker Sheldon Silver. "The speaker was supportive and is strongly supportive of the underlying concept behind the Ravitch Plan which is that all of those who benefit from the public transit system should share in its cost," a spokesman for Silver tells GlobeSt.com.
The spokesman stresses that the people who benefit from the MTA aren't just its actual users, but also businesses and motorists who benefit indirectly, as with drivers who enjoy less congested roadways. "The speaker often talks about the last transit strike, when it took up to three hours to travel from Brooklyn into Manhattan," he says.
MTA leadership, including executive director Elliot Sander, endorsed the plan, saying it was fair and offered both a lifeline for continued operation, but also a means to continue progressing capital improvements and opening windows to future infrastructural improvement and expansion. But opposition to the bridge tolls stood in the way leading Silver to introduce a compromise plan, reducing the bridge-crossing fee to $2 from $5.
However, some Ravitch plan opponents says it was not opposition to bridge tolls per se, but instead what they call yet another fiscally irresponsible mechanism for raising much needed revenue. "Senate Majority Leader Malcom Smith's opposition to bridge tolls is not politically motivated," a Smith spokesman tells GlobeSt.com. "If the MTA assumes ownership of the bridges to collect tolls, they actually assume ownership of four of the oldest suspension bridges in the country. Over the course or the next few years, it's very likely, to almost certain, those bridges will incur significant costs for maintenance, upkeep and general deterioration. He adds that those costs would be passed on to straphangers.
Nonetheless, the severity of the crisis required the Senate to introduce its own plan, which did away with bridge tolls. The most recent Senate version being touted by Smith would include a tax on rental cars, fees on drivers' licenses and a $1 per drop-off fee on taxi drivers--with the exception of livery cabs.
Smith's spokesman says that contrary to critics, including state comptroller Thomas DiNapoli, the numbers in the Senate plan unequivocally add up. However, he adds that Sen. Smith is open to discussing improvements on the Senate legislation.
"We understand that we have to come together to clean up this mess we inherited, and the senator is confident that over the course of the next week, we'll be able to do just that," Smith's spokesman tells GlobeSt.com, adding that "the MTA has displayed years of gross mismanagement and fiscal irresponsibility."
Silver's office says there are a number of ideas on the table, and as of Thursday, conversations continue. "If there's a plan in the Senate that has the 32 votes to pass, it's something the speaker is going to look at," says the spokesman for Silver.
The most vocal opponents to the bridge toll aspect proposed in the Ravitch plan have been state Senators Karl Krueger of Brooklyn's district 27, Rueben Diaz of the Bronx's district 32 and Pedro Espada from the Bronx's district 33. On March 26, Espada insisted to GlobeSt.com that it was the need for increased financial transparency and accountability that the MTA needed to show the State Senate. Saying his district hadn't seen real capital improvements in its subway lines, Espada said the MTA needed to present an actual capital plan to the legislature before the Senate would approve any revenue streams.
However, alluding to automobile commuters, Espada said the MTA rescue must not have a disproportionate impact on any single group of constituents in his district, as well as throughout the city and Westchester, Nassau and Suffolk Counties. As GlobeSt.com reported on April 21, of the 77,284 residents of Espada's district who commute daily, 54,348 take public transit while only 22,936 drive an automobile.
Toll controversies aside, the MTA's doomsday budget was in great part related to the effects of what has turned into a severe economic recession, more specifically the transit agency's dependence on a volatile real estate market's revenue and taxes. "Month to month revenue the MTA takes in from real estate taxes and other sources of revenue fluctuate quite a bit," an MTA spokesman tells GlobeSt.com.
He adds "those taxes are sensitive to the health of the regional economy, the worldwide and global economy really." The spokesman tells GlobeSt.com that the MTA had forecast some reduction from real estate taxes, but the magnitude in the drop "has been beyond what we had forecast."
According to data provided by the MTA, around 8.75% of the agency's budget needs are met by real estate taxes. When broken down, a complex myriad of collection and distribution methods emerge. The tax formula is composed of two major components: the urban tax and the mortgage recording tax.
Urban taxes consist of two taxes applied to certain commercial real property transactions and commercial mortgage recordings within New York City. Tax receipts are available only for transit purposes in New York City with 90% of the receipts earmarked for New York City Transit general operations and 6% used for the partial reimbursement of NYCT "para-transit cost." The remaining 4% earmarked as subsidy for the New York City private buses; the city is currently utilizing these funds to reimburse MTA Bus expenses.
MRTs consist of two separate taxes on mortgages collected in the 12-county region served by the MTA. The first, MRT-1, is imposed on the borrower for recorded mortgages of real property, subject to certain exclusions, at the rate of 0.3% of the debt secured, raised from 0.25% in June 2005. Money collected from the MRT-1 must be applied, first, to meet MTA headquarters operating expenses and, second, to make deposits into the NYCT Account--55% of the remaining amount--and the Commuter Railroad account--45% of the remaining amount.
MRT-2 is imposed on the institutional lender of certain mortgages secured by real estate structures containing one to six dwelling units in the MTA's service area at a rate of 0.25%. MRT-2 gets applied first by the MTA, transferring an amount in excess of $5 million each year to Dutchess, Orange and Rockland Counties based on a formula found on page II-29 in the MTA's Preliminary budget. In 2007, this transfer was $32.9 million, says MTA's spokesman. Second, MRT-2 money is used to pay MTA operating and capital costs, including debt service and debt service reserve requirements if any exist.
Subtitle
GlobeSt.com | April 30, 2009
Author
By Cody Lyon
Author Title
Original Filename
Sander
world
NEW YORK CITY-If Albany fails to reach a workable solution to close the Metropolitan Transportation Authority's budget gap over the next few days, the daily commutes for eight million New Yorkers will become more expensive, and the time it takes to get from point A to B, will increase markedly. In addition to decreased rail service, several bus routes will disappear on weekends and evenings while others disappear entirely. In fact, if a new funding mechanism does not see consensus at the state capital, the city that never sleeps may eventually see a complete shutdown of the transit system during late evening hours, under a "beyond doomsday" scenario MTA outlined on Wednesday after revealing that its deficit is even wider than originally forecast.
Fallout from what the MTA calls its "doomsday" plan has begun to spur outrage among city residents. On Tuesday afternoon, transit advocates came together with concerned citizens in Manhattan's Union Square, raising their voices against the proposed cuts. One speaker, 76-year-old resident Carl Van Putten of Hunts Point, shouted "where I live, we're not talking about inconvenience, we're talking about survival." Speakers at the event, largely organized on social networking site Facebook, sought to persuade attendees that New York City's economic backbone is its transit system and without it, the entire city suffers unimaginable trauma.
"I think it's a big myth that's been around for around 50 years that New York is somehow not a mass transit town," Wiley Norvell, communications director for the group Transportation Alternatives, told GlobeSt.com as trains rumbled underneath during another rush hour at the Union Square subway hub.
According to the MTA, a plethora of service cuts will be phased in over the next few weeks and months. The cuts began Thursday, as the traditional seasonal Long Island Rail Road service to Belmont Park was eliminated. But perhaps the true reality of the crisis will begin to settle in on May 31--when fare hikes of up to 29% are set to start on the subways and buses, with LIRR and Metro-North following suit the next day.
Then, June 28, train service cuts begin on a set of subway lines that reads like an elementary school chalkboard. The A, D, E F G N, Q and R lines will all see significant service reductions that day. Meanwhile, a list over two pages long details bus routes that will be either sharply reduced or eliminated entirely cutting off entire neighborhoods from the transit network.
"The people who will lose out the most on these cuts are people from Brooklyn, Queens and the Bronx who when they lose their neighborhood bus lines lose their public transit altogether," Norvell told GlobeSt.com.
Blame has largely centered on members of the state Senate who have made their opposition to bridge tolls widely known. Norvell makes no qualms about it, saying it was the Senate that was essentially blocking the proposed plan constructed by former MTA chairman Richard Ravitch's commission. Speaking to what he called the shared pain contained in the Ravitch proposal, Norvell says the plan is the only way the state can raise $2 billion in a politically expedient way.
Introduced last December, the Ravitch plan would have instituted a payroll tax in the 12 counties served by the MTA, implemented a $5 toll on East River and Harlem River bridges and increased fares on the subways moderately. The plan called for a transfer ownership of the East and Harlem River bridges from the city to the MTA, a process that Ravitch described in 2008 as "very complicated."
Despite complications associated with the transfers, Gov. David Paterson strongly supported the plan, as did regional leaders including Assembly Speaker Sheldon Silver. "The speaker was supportive and is strongly supportive of the underlying concept behind the Ravitch Plan which is that all of those who benefit from the public transit system should share in its cost," a spokesman for Silver tells GlobeSt.com.
The spokesman stresses that the people who benefit from the MTA aren't just its actual users, but also businesses and motorists who benefit indirectly, as with drivers who enjoy less congested roadways. "The speaker often talks about the last transit strike, when it took up to three hours to travel from Brooklyn into Manhattan," he says.
MTA leadership, including executive director Elliot Sander, endorsed the plan, saying it was fair and offered both a lifeline for continued operation, but also a means to continue progressing capital improvements and opening windows to future infrastructural improvement and expansion. But opposition to the bridge tolls stood in the way leading Silver to introduce a compromise plan, reducing the bridge-crossing fee to $2 from $5.
However, some Ravitch plan opponents says it was not opposition to bridge tolls per se, but instead what they call yet another fiscally irresponsible mechanism for raising much needed revenue. "Senate Majority Leader Malcom Smith's opposition to bridge tolls is not politically motivated," a Smith spokesman tells GlobeSt.com. "If the MTA assumes ownership of the bridges to collect tolls, they actually assume ownership of four of the oldest suspension bridges in the country. Over the course or the next few years, it's very likely, to almost certain, those bridges will incur significant costs for maintenance, upkeep and general deterioration. He adds that those costs would be passed on to straphangers.
Nonetheless, the severity of the crisis required the Senate to introduce its own plan, which did away with bridge tolls. The most recent Senate version being touted by Smith would include a tax on rental cars, fees on drivers' licenses and a $1 per drop-off fee on taxi drivers--with the exception of livery cabs.
Smith's spokesman says that contrary to critics, including state comptroller Thomas DiNapoli, the numbers in the Senate plan unequivocally add up. However, he adds that Sen. Smith is open to discussing improvements on the Senate legislation.
"We understand that we have to come together to clean up this mess we inherited, and the senator is confident that over the course of the next week, we'll be able to do just that," Smith's spokesman tells GlobeSt.com, adding that "the MTA has displayed years of gross mismanagement and fiscal irresponsibility."
Silver's office says there are a number of ideas on the table, and as of Thursday, conversations continue. "If there's a plan in the Senate that has the 32 votes to pass, it's something the speaker is going to look at," says the spokesman for Silver.
The most vocal opponents to the bridge toll aspect proposed in the Ravitch plan have been state Senators Karl Krueger of Brooklyn's district 27, Rueben Diaz of the Bronx's district 32 and Pedro Espada from the Bronx's district 33. On March 26, Espada insisted to GlobeSt.com that it was the need for increased financial transparency and accountability that the MTA needed to show the State Senate. Saying his district hadn't seen real capital improvements in its subway lines, Espada said the MTA needed to present an actual capital plan to the legislature before the Senate would approve any revenue streams.
However, alluding to automobile commuters, Espada said the MTA rescue must not have a disproportionate impact on any single group of constituents in his district, as well as throughout the city and Westchester, Nassau and Suffolk Counties. As GlobeSt.com reported on April 21, of the 77,284 residents of Espada's district who commute daily, 54,348 take public transit while only 22,936 drive an automobile.
Toll controversies aside, the MTA's doomsday budget was in great part related to the effects of what has turned into a severe economic recession, more specifically the transit agency's dependence on a volatile real estate market's revenue and taxes. "Month to month revenue the MTA takes in from real estate taxes and other sources of revenue fluctuate quite a bit," an MTA spokesman tells GlobeSt.com.
He adds "those taxes are sensitive to the health of the regional economy, the worldwide and global economy really." The spokesman tells GlobeSt.com that the MTA had forecast some reduction from real estate taxes, but the magnitude in the drop "has been beyond what we had forecast."
According to data provided by the MTA, around 8.75% of the agency's budget needs are met by real estate taxes. When broken down, a complex myriad of collection and distribution methods emerge. The tax formula is composed of two major components: the urban tax and the mortgage recording tax.
Urban taxes consist of two taxes applied to certain commercial real property transactions and commercial mortgage recordings within New York City. Tax receipts are available only for transit purposes in New York City with 90% of the receipts earmarked for New York City Transit general operations and 6% used for the partial reimbursement of NYCT "para-transit cost." The remaining 4% earmarked as subsidy for the New York City private buses; the city is currently utilizing these funds to reimburse MTA Bus expenses.
MRTs consist of two separate taxes on mortgages collected in the 12-county region served by the MTA. The first, MRT-1, is imposed on the borrower for recorded mortgages of real property, subject to certain exclusions, at the rate of 0.3% of the debt secured, raised from 0.25% in June 2005. Money collected from the MRT-1 must be applied, first, to meet MTA headquarters operating expenses and, second, to make deposits into the NYCT Account--55% of the remaining amount--and the Commuter Railroad account--45% of the remaining amount.
MRT-2 is imposed on the institutional lender of certain mortgages secured by real estate structures containing one to six dwelling units in the MTA's service area at a rate of 0.25%. MRT-2 gets applied first by the MTA, transferring an amount in excess of $5 million each year to Dutchess, Orange and Rockland Counties based on a formula found on page II-29 in the MTA's Preliminary budget. In 2007, this transfer was $32.9 million, says MTA's spokesman. Second, MRT-2 money is used to pay MTA operating and capital costs, including debt service and debt service reserve requirements if any exist.
New York Governor Touts New Innovation Economy
EXCERPT FROM GLOBEST.COM
http://www.globest.com/news/1427_1427/newyork/179119-1.html
Cody Lyon
In an effort to create new jobs, New York Gov. David Paterson said Monday that the state would set aside $100 million for new "Innovation Economy Matching Grants" meant to drive federal stimulus dollars towards New York State research facilities and institutions. But, despite broad pronouncements and a pummeled financial services industry, questions remain on how best to incubate and diversify new economic engines in a city where the cost of doing business remains so high.
Speaking to an audience at the New York Academy of Sciences at 7 World Trade Center in Lower Manhattan, Paterson noted that the average salary of an individual working in the "innovation economy" is over double the salary in the "non-innovation economy," adding later in a release that those jobs produce a "higher multiplier effect." In other words, for every one created in this sector, 3.5 jobs get created overall.
"It is our responsibility to act, and to act with the interests of future generations in mind," the governor said Monday. "We are a state rich in resources, the most impressive of which is our human capital." Pointing out worldwide economic trends, Paterson said "a new economy is emerging: an economy based on knowledge, technology and innovation."
Full Text:
http://www.globest.com/news/1427_1427/newyork/179119-1.html
http://www.globest.com/news/1427_1427/newyork/179119-1.html
Cody Lyon
In an effort to create new jobs, New York Gov. David Paterson said Monday that the state would set aside $100 million for new "Innovation Economy Matching Grants" meant to drive federal stimulus dollars towards New York State research facilities and institutions. But, despite broad pronouncements and a pummeled financial services industry, questions remain on how best to incubate and diversify new economic engines in a city where the cost of doing business remains so high.
Speaking to an audience at the New York Academy of Sciences at 7 World Trade Center in Lower Manhattan, Paterson noted that the average salary of an individual working in the "innovation economy" is over double the salary in the "non-innovation economy," adding later in a release that those jobs produce a "higher multiplier effect." In other words, for every one created in this sector, 3.5 jobs get created overall.
"It is our responsibility to act, and to act with the interests of future generations in mind," the governor said Monday. "We are a state rich in resources, the most impressive of which is our human capital." Pointing out worldwide economic trends, Paterson said "a new economy is emerging: an economy based on knowledge, technology and innovation."
Full Text:
http://www.globest.com/news/1427_1427/newyork/179119-1.html
Friday, May 01, 2009
MTA Nears Doomsday: NYC Subway Could See PM Shutdowns: What led to this?
Excerpt from globeSt.com story
by Cody Lyon
NEW YORK CITY-If Albany fails to reach a workable solution to close the Metropolitan Transportation Authority’s budget gap over the next few days, the daily commutes for eight million New Yorkers will become more expensive, and the time it takes to get from point A to B, will increase markedly. In addition to decreased rail service, several bus routes will disappear on weekends and evenings while others disappear entirely. In fact, if a new funding mechanism does not see consensus at the state capital, the city that never sleeps may eventually see a complete shutdown of the transit system during late evening hours, under a “beyond doomsday” scenario MTA outlined on Wednesday after revealing that its deficit is even wider than originally forecast.
Fallout from what the MTA calls its “doomsday” plan has begun to spur outrage among city residents. On Tuesday afternoon, transit advocates came together with concerned citizens in Manhattan’s Union Square, raising their voices against the proposed cuts. One speaker, 76-year-old resident Carl Van Putten of Hunts Point, shouted “where I live, we’re not talking about inconvenience, we’re talking about survival.” Speakers at the event, largely organized on social networking site Facebook, sought to persuade attendees that New York City’s economic backbone is its transit system and without it, the entire city suffers unimaginable trauma.
“I think it’s a big myth that’s been around for around 50 years that New York is somehow not a mass transit town,” Wiley Norvell, communications director for the group Transportation Alternatives, told GlobeSt.com as trains rumbled underneath during another rush hour at the Union Square subway hub.
According to the MTA, a plethora of service cuts will be phased in over the next few weeks and months. The cuts began Thursday, as the traditional seasonal Long Island Rail Road service to Belmont Park was eliminated. But perhaps the true reality of the crisis will begin to settle in on May 31--when fare hikes of up to 29% are set to start on the subways and buses, with LIRR and Metro-North following suit the next day.
Then, June 28, train service cuts begin on a set of subway lines that reads like an elementary school chalkboard. The A, D, E F G N, Q and R lines will all see significant service reductions that day. Meanwhile, a list over two pages long details bus routes that will be either sharply reduced or eliminated entirely cutting off entire neighborhoods from the transit network.
Liink to full story at www.globest.com
by Cody Lyon
NEW YORK CITY-If Albany fails to reach a workable solution to close the Metropolitan Transportation Authority’s budget gap over the next few days, the daily commutes for eight million New Yorkers will become more expensive, and the time it takes to get from point A to B, will increase markedly. In addition to decreased rail service, several bus routes will disappear on weekends and evenings while others disappear entirely. In fact, if a new funding mechanism does not see consensus at the state capital, the city that never sleeps may eventually see a complete shutdown of the transit system during late evening hours, under a “beyond doomsday” scenario MTA outlined on Wednesday after revealing that its deficit is even wider than originally forecast.
Fallout from what the MTA calls its “doomsday” plan has begun to spur outrage among city residents. On Tuesday afternoon, transit advocates came together with concerned citizens in Manhattan’s Union Square, raising their voices against the proposed cuts. One speaker, 76-year-old resident Carl Van Putten of Hunts Point, shouted “where I live, we’re not talking about inconvenience, we’re talking about survival.” Speakers at the event, largely organized on social networking site Facebook, sought to persuade attendees that New York City’s economic backbone is its transit system and without it, the entire city suffers unimaginable trauma.
“I think it’s a big myth that’s been around for around 50 years that New York is somehow not a mass transit town,” Wiley Norvell, communications director for the group Transportation Alternatives, told GlobeSt.com as trains rumbled underneath during another rush hour at the Union Square subway hub.
According to the MTA, a plethora of service cuts will be phased in over the next few weeks and months. The cuts began Thursday, as the traditional seasonal Long Island Rail Road service to Belmont Park was eliminated. But perhaps the true reality of the crisis will begin to settle in on May 31--when fare hikes of up to 29% are set to start on the subways and buses, with LIRR and Metro-North following suit the next day.
Then, June 28, train service cuts begin on a set of subway lines that reads like an elementary school chalkboard. The A, D, E F G N, Q and R lines will all see significant service reductions that day. Meanwhile, a list over two pages long details bus routes that will be either sharply reduced or eliminated entirely cutting off entire neighborhoods from the transit network.
Liink to full story at www.globest.com
Saturday, April 11, 2009
Bullying, Suicide and The Golden Rule
Bullying, Suicide and The Golden Rule
by Cody Lyon
Today's America is markedly different than it was when I was growing up in 1970's Alabama. While much among us has changed for the better, especially in the realms of official equality and social justice, mean-ness, as my Grandmother would have called it, still runs rampant throughout our society. One need only go online and read headlines from across the country that detail economic inequity, corruption and acts of brutal violence that have in many ways numbed our souls. Clearly, the biblical Golden rule that would have us do unto others, as we would do unto them, is still an afterthought, perhaps forgotten by many.
Compounding the daily litany of horror stories is a constantly arriving stream of evidence that we've all been living on borrowed dimes, that excess and corruption have run rampant in our financial foundations, that thousands have died in wars sold on misinformation and elements within our government are still under the influence of powerful self serving interests. All accounted for, then pondered, one worries about how best to change the direction of what some might call a wayward ways.
Perhaps too you wonder how best to change the minds of those still infected by narrow thinking, where self interest, misconstrued messages and fear distort calls for teaching tolerance, acceptance and respect in schools. Instead, you watch as those messages get spun as radical, sinful or part of some greater 'sexuality' associated agenda. It becomes further frustrating when you know those calls are in fact based in hope and faith that with each passing generation, decency becomes a mantle by which to live life, a community connected, where the goal is to treat one another with respect.
And, then, hopes for the future become further frustrated as a headline reaches out grabs you, saddens,enrages, and then, sets you back.
According to published news reports, this past Monday, an 11 year old Massachusetts boy, Carl Joseph Walker-Hoover went to the top room at his family's home in Springfield, and hung himself. Reportedly, his Mother had said that he made this tragic decision after enduring the taunts and bullying by other children. His Mother says she'd plead with school officials at the New Leadership Charter School, where he'd tried to make friends to intervene. But instead, he was made fun of for his clothing, called "gay" and threatened with physical harm. He would have turned 12 on April 17.
The Gay Lesbian and Straight Education Network, or GLSEN, a national education organization that seeks to ensure safe learning environments for all students, says that Walker-Hoover is the fourth middle school aged child's suicide linked to bullying this year. GLSEN says a vast number of children who suffer at the hands of bullies, often encounter anti-gay taunting and often, physical violence. As most adults outside liberal enclaves in the North east or West coast know, being openly gay is sometimes not an option, unless one is truly brave. And, as research shows, society's often quiet acceptance of intolerance trickles down to children, where gay or fag is often the insult de-jour, often meant to inflict the ultimate in hurt and pain.
No doubt, it's a cruel world out there and kids will grow into adults who will encounter 'mean-ness' throughout their lives in one form or another. And certainly, calling on kids to stop calling one another names might be seen as, interference by adults, maybe even some sort of censorship by PC elitist forces that are out of touch with the more harsh realities on the ground in many communities throughout America, a land where bullying is the last thing on anyone's mind right now. But, perhaps the tragic death of Carl Joseph Walker-Hoover should give us all pause. As we ponder this sad news, maybe we ought to ask ourselves a question or two.
If we are to truly reconcile the tremendous positive social changes we've seen since my childhood with the contradictory rot of corruption that has permeated so much of our society, should we not demand that our future generations prepare for future challenges in institutions where respect, tolerance and the Golden rule is just that, a rule that is enforced? Does an adult demanding that a child treat his fellow child the way he or she would want to be treated smell of radicalism or part of an agenda? This is not about asking anyone to accept anything other than human decency.
by Cody Lyon
Today's America is markedly different than it was when I was growing up in 1970's Alabama. While much among us has changed for the better, especially in the realms of official equality and social justice, mean-ness, as my Grandmother would have called it, still runs rampant throughout our society. One need only go online and read headlines from across the country that detail economic inequity, corruption and acts of brutal violence that have in many ways numbed our souls. Clearly, the biblical Golden rule that would have us do unto others, as we would do unto them, is still an afterthought, perhaps forgotten by many.
Compounding the daily litany of horror stories is a constantly arriving stream of evidence that we've all been living on borrowed dimes, that excess and corruption have run rampant in our financial foundations, that thousands have died in wars sold on misinformation and elements within our government are still under the influence of powerful self serving interests. All accounted for, then pondered, one worries about how best to change the direction of what some might call a wayward ways.
Perhaps too you wonder how best to change the minds of those still infected by narrow thinking, where self interest, misconstrued messages and fear distort calls for teaching tolerance, acceptance and respect in schools. Instead, you watch as those messages get spun as radical, sinful or part of some greater 'sexuality' associated agenda. It becomes further frustrating when you know those calls are in fact based in hope and faith that with each passing generation, decency becomes a mantle by which to live life, a community connected, where the goal is to treat one another with respect.
And, then, hopes for the future become further frustrated as a headline reaches out grabs you, saddens,enrages, and then, sets you back.
According to published news reports, this past Monday, an 11 year old Massachusetts boy, Carl Joseph Walker-Hoover went to the top room at his family's home in Springfield, and hung himself. Reportedly, his Mother had said that he made this tragic decision after enduring the taunts and bullying by other children. His Mother says she'd plead with school officials at the New Leadership Charter School, where he'd tried to make friends to intervene. But instead, he was made fun of for his clothing, called "gay" and threatened with physical harm. He would have turned 12 on April 17.
The Gay Lesbian and Straight Education Network, or GLSEN, a national education organization that seeks to ensure safe learning environments for all students, says that Walker-Hoover is the fourth middle school aged child's suicide linked to bullying this year. GLSEN says a vast number of children who suffer at the hands of bullies, often encounter anti-gay taunting and often, physical violence. As most adults outside liberal enclaves in the North east or West coast know, being openly gay is sometimes not an option, unless one is truly brave. And, as research shows, society's often quiet acceptance of intolerance trickles down to children, where gay or fag is often the insult de-jour, often meant to inflict the ultimate in hurt and pain.
No doubt, it's a cruel world out there and kids will grow into adults who will encounter 'mean-ness' throughout their lives in one form or another. And certainly, calling on kids to stop calling one another names might be seen as, interference by adults, maybe even some sort of censorship by PC elitist forces that are out of touch with the more harsh realities on the ground in many communities throughout America, a land where bullying is the last thing on anyone's mind right now. But, perhaps the tragic death of Carl Joseph Walker-Hoover should give us all pause. As we ponder this sad news, maybe we ought to ask ourselves a question or two.
If we are to truly reconcile the tremendous positive social changes we've seen since my childhood with the contradictory rot of corruption that has permeated so much of our society, should we not demand that our future generations prepare for future challenges in institutions where respect, tolerance and the Golden rule is just that, a rule that is enforced? Does an adult demanding that a child treat his fellow child the way he or she would want to be treated smell of radicalism or part of an agenda? This is not about asking anyone to accept anything other than human decency.
Friday, March 13, 2009
NYS Attorney General says Regulation Encourages Growth/Competition (globeSt.
Excerpt from Incisive Media's www.globest.com story
by Cody Lyon
LINK TO FULL STORY
The attorney general told the mostly under-40 audience, "I’m trying to sort through the economic issues, the Wall Street issues" adding that problems first have to be exposed, then people have to believe you understand them and that justice was done with the problem.
Comparing the rapid spread of the current crisis to that of a computer virus, Cuomo stressed that competition in business has to adhere to rules and penalties, much like those in the world of sports. He charged that allowing competition to go unfettered much as it had been during the past eight years, got us where we are today.
In the rapid cadence of a sermon, Cuomo recalled a pattern where "one party gets more aggressive, it causes the other party to get more aggressive, one person pushes the edge of the envelope while the competitor has to push the edge of the same envelope" and "then you get to the place where you have 110% loan to value on a mortgage," to which he paused and asked the audience, "why?" then answered "because the housing value will always go up. Since when is that the new assumption we’ve accepted into the marketplace?"
by Cody Lyon
LINK TO FULL STORY
The attorney general told the mostly under-40 audience, "I’m trying to sort through the economic issues, the Wall Street issues" adding that problems first have to be exposed, then people have to believe you understand them and that justice was done with the problem.
Comparing the rapid spread of the current crisis to that of a computer virus, Cuomo stressed that competition in business has to adhere to rules and penalties, much like those in the world of sports. He charged that allowing competition to go unfettered much as it had been during the past eight years, got us where we are today.
In the rapid cadence of a sermon, Cuomo recalled a pattern where "one party gets more aggressive, it causes the other party to get more aggressive, one person pushes the edge of the envelope while the competitor has to push the edge of the same envelope" and "then you get to the place where you have 110% loan to value on a mortgage," to which he paused and asked the audience, "why?" then answered "because the housing value will always go up. Since when is that the new assumption we’ve accepted into the marketplace?"
Tuesday, February 24, 2009
The Nation's Crumbling Infrastructure and the Stimulus (Real Estate New York)
from RENY-Digital and www.globest.com copyright Incisive Media
Link to digital version of magazine
by Cody Lyon
Analysis feature takes in depth look at the nation's crumbling bridges, highways, tunnels and energy grid. Also discussed, transformative infrastructure and how investments could change the face of the country. But also, questions about why government has not stepped up investment in the country's physical economic backbone.
Link to digital version of magazine
by Cody Lyon
Analysis feature takes in depth look at the nation's crumbling bridges, highways, tunnels and energy grid. Also discussed, transformative infrastructure and how investments could change the face of the country. But also, questions about why government has not stepped up investment in the country's physical economic backbone.
Thursday, February 05, 2009
Developer Procida's 100 Day Plan to Save Real Estate and the Economy
LINK TO MY STORY AT GLOBEST.COM
Procida has been promoting his Plan 100 for a few months now. He argues that instead of funneling billions of dollars into the nation’s largest banks, the federal government should deploy $100 million, each, to 100 local investment managers. Those managers would then be required to purchase defaulted loans and make new loans to customers within 100 days. He says there is tremendous flexibility on the number of managers, but no compromise on the amount of time those investors would be able to hold the cash.
"Time is the key to the plan," Procida tells GlobeSt.com. "If the government had told the banks they had 100 days to deploy the capital they were given, you and I wouldn’t even be talking now."
But Procida is talking, and he says he has been attempting to capture the attention of policy makers while hoping to further inject his 100-day plan into the national conversation. Procida says he began writing the Obama transition team last Nov. 25, when he introduced himself and his plan. He stressed an emphasis on localization and a return to banking and business fundamentals. Nine days later, on Dec. 4, Procida wrote again.
Procida has been promoting his Plan 100 for a few months now. He argues that instead of funneling billions of dollars into the nation’s largest banks, the federal government should deploy $100 million, each, to 100 local investment managers. Those managers would then be required to purchase defaulted loans and make new loans to customers within 100 days. He says there is tremendous flexibility on the number of managers, but no compromise on the amount of time those investors would be able to hold the cash.
"Time is the key to the plan," Procida tells GlobeSt.com. "If the government had told the banks they had 100 days to deploy the capital they were given, you and I wouldn’t even be talking now."
But Procida is talking, and he says he has been attempting to capture the attention of policy makers while hoping to further inject his 100-day plan into the national conversation. Procida says he began writing the Obama transition team last Nov. 25, when he introduced himself and his plan. He stressed an emphasis on localization and a return to banking and business fundamentals. Nine days later, on Dec. 4, Procida wrote again.
Tuesday, January 27, 2009
How bad will it Get? Economist Dent says much worse (GLOBEST)
From my story at GlobeSt.com
NEW YORK CITY-The current downturn is no ordinary economic crisis and nothing like it has been seen since the 1930s, economist Harry S. Dent told a CoreNet Global audience here on Friday. Author of The Great Depression Ahead: How to Prosper in the Crash Following the Greatest Boom in History, Dent warned attendees at the CoreNet luncheon not to expect miracles from President Barack Obama’s stimulus package.
Wednesday, January 14, 2009
(GlobeSt.com) NYC: No 70's Reruns
by Cody Lyon
GlobeSt.com
LINK TO FULL TEXT at GlobeSt
Since 2005, New York City has claimed the distinct title as America’s safest large city—in other words, home to the lowest per capita crime rate among the nation’s 25 largest cities. That distinction is the apex of a years-long trend that has increased and solidified the city’s remarkable appeal as a place to work and live.
“Look at the quality of life afforded by a cleaner, safer city,” says James Lansill, senior managing director at Corcoran Sunshine Realty. He’s referring to the transformation of New York City, once perceived as simply crowded, foreboding and dangerous, into what might be appropriately seen as the nation’s urban crown jewel.
While there is no sociological consensus on what spurred that transformation, the timeline of crime that peaked during the crack cocaine epidemic of the 1980s indicates that marked dips can be traced to the years after 1993, when the nation and city began a period of economic resurgence.
But this was also a period when New York City began to rely more heavily on tax revenue from the financial sector as other industries dried up or downsized. Soon, the new infusions from Wall Street were helping pay for extensive but vital public services, including beefed up law enforcement.
LINK to Story
GlobeSt.com
LINK TO FULL TEXT at GlobeSt
Since 2005, New York City has claimed the distinct title as America’s safest large city—in other words, home to the lowest per capita crime rate among the nation’s 25 largest cities. That distinction is the apex of a years-long trend that has increased and solidified the city’s remarkable appeal as a place to work and live.
“Look at the quality of life afforded by a cleaner, safer city,” says James Lansill, senior managing director at Corcoran Sunshine Realty. He’s referring to the transformation of New York City, once perceived as simply crowded, foreboding and dangerous, into what might be appropriately seen as the nation’s urban crown jewel.
While there is no sociological consensus on what spurred that transformation, the timeline of crime that peaked during the crack cocaine epidemic of the 1980s indicates that marked dips can be traced to the years after 1993, when the nation and city began a period of economic resurgence.
But this was also a period when New York City began to rely more heavily on tax revenue from the financial sector as other industries dried up or downsized. Soon, the new infusions from Wall Street were helping pay for extensive but vital public services, including beefed up law enforcement.
LINK to Story
Thursday, January 08, 2009
(REUTERS) Israel accused by Red Cross
Israel accused by Red Cross (Reuters)
(02:19) Report
Jan 8 - The ICRC says Israel held up ambulances for days while starving children waited for help beside the bodies of their dead mothers.
The neutral International Committee of the Red Cross is accusing Israel of breaching international humanitarian law.
The Israeli army said any serious allegations would be investigated properly on receipt of a formal complaint.
Paul Chapman reports.
(02:19) Report
Jan 8 - The ICRC says Israel held up ambulances for days while starving children waited for help beside the bodies of their dead mothers.
The neutral International Committee of the Red Cross is accusing Israel of breaching international humanitarian law.
The Israeli army said any serious allegations would be investigated properly on receipt of a formal complaint.
Paul Chapman reports.
(REUTERS) Inside Gaza with the Israeli army
Inside Gaza with the Israeli army (REUTERS)
(01:39) Report
Jan 8 - A group of foreign television crews have been allowed into Gaza for the first time since the start of Israel's offensive, but restricted to accompanying Israeli troops.
The first footage captured by an embedded TV crew showed Israeli forces preparing for their entry and then crossing the border in tanks and armoured personnel carriers (APCs).
Once inside the Strip, the soldiers moved from house to house, with a muzzled dog, securing the locations.
Sonia Legg report
(01:39) Report
Jan 8 - A group of foreign television crews have been allowed into Gaza for the first time since the start of Israel's offensive, but restricted to accompanying Israeli troops.
The first footage captured by an embedded TV crew showed Israeli forces preparing for their entry and then crossing the border in tanks and armoured personnel carriers (APCs).
Once inside the Strip, the soldiers moved from house to house, with a muzzled dog, securing the locations.
Sonia Legg report
Monday, January 05, 2009
Nightmare After Christmas shows need for Air Passenger Bill of Rights
By Cody Lyon
The United States Department of Transportation says there is no federal requirement for airlines to compensate passengers who have been stranded because of a delayed or canceled flight.
That was a spooky post holiday truth I learned first hand in Milwaukee Wisconsin this past December 27 during an Air Tran airlines connection point on the way from Atlanta to New York City. The hours-long incident was a reminder that there is little, if any government oversight of some of our most basic but important consumer activities, like commercial airline travel.
Some might say, with the exception of safety, United States airline passengers are basically at the mercy of a profit driven business where passengers are basically left to their own devices to get from point A to B, almost like fighting your way onto the subway or buying a burger at a busy Manhattan McDonalds.
In most cases, if a flight is canceled, an airline will re-book you on the first available flight to your destination at no additional charge. But, as was the case in my experience, finding extra seats could prove difficult, especially if you’re out and about over the holidays. In a nutshell, this led to a couple of hours of travel trauma as my fellow passengers and I tried to make it back to New York City.
That night, flight, #514 from Milwaukee to New York, was the last leg of a long itinerary that had been delayed earlier because of mechanical problems in Tampa. Originally scheduled to depart Milwaukee at just after 5, the plane was eventually boarded at around 8:00 pm instead. Once all the passengers were seated, stowed, etc., the pilot unexpectedly came on the plane’s intercom and made an announcement saying we would all have to leave the plane. Apparently, there was a legal issue that involved the number of hours the onboard flight crew had worked.
These were problems beyond the airline’s control, but it was what happened after we had de-planed some might call questionable. To us on that plane, the next few hours were a sign that America’s airports are temples of chaos and abuse. If that night in Milwaukee is any indication of a greater picture, airlines are allowed to operate with no clear rules of consumer protection or mandated guidelines guaranteed by government oversight.
Back in Milwaukee, at around 9:00 pm after all the passengers had left the Air Tran flight confused and irritated, we watched as uniformed Milwaukee law enforcement officers slowly strolled up to the gate and perched against the podium as the agents on duty filled us in. Obviously, the arrival of “the law” signaled that the news passengers were about to get, would probably spark tempers among the passengers, some who were already barking at agents. Clearly, the agents had been through this sort of thing before.
But repeat performance or not, traveler anger was understandable. The agents told us there was nothing they could really do. Instead, passengers were told to call 1866-airtran and reschedule another flight to New York. It was then that the truly frightening moments of the evening arrived.
Most of us assumed that “rescheduling” meant we’d be booked on a flight that following day. But alas, ignorance is bliss.
In fact, when some passengers made the call to Air Tran’s customer service line, they were told the earliest they could fly would be the following Thursday, better known as New Years Day. The reason being that earlier Air Air Tran flights from Milwaukee to New York were booked solid.
I called right away, and was initially told Tuesday would be the earliest I could get home, but while speaking on the phone begging the agent for something earlier, she paused, then casually told me, oh well, ‘now that flight’s full,’ which then put me at Thursday as well.
The problem was, I had to work that following Monday. I felt the tears knocking on the door in this room full of strangers as a sense of helpless rage infected my soul. As I began to boil over, one of the uniformed Milwaukee deputies eyed me and after I exclaimed a loud “Oh No!” he told me to grow up and act like a man.
Truth be told, Air Tran agents on the scene and phone were clearly ill prepared for the questions they were being peppered with and that included: could other airlines accommodate us, what about a hotel room and others, instead the agents on duty ducked heads and typed furiously into the screens in front of them as they told the furious interrogators they were ‘checking on it.’
But then, after an hour or so of more tears, chaos and childlike confusion, one of the agents took a microphone and shouted to the stranded group that events were developing fast, that in fact, we might be leaving Milwaukee at 5 am that following morning. But, by then, a cloud of suspicion hung over the airport leading most in the room to not watch and question every move, not trusting anything they were hearing.
In fact, once the group fully understood the problem was due to over worked flight attendants, a few passengers decided to take things into their own hands and began begging and offering money to arriving flight attendants deplaning other planes, begging them to accompany us on the New York flight.
In the end, cash tips from passengers weren’t necessary.
Behind the scenes, a new plan was taking shape. Flight 514’s pilot was busy making phone calls to other planes. Along the way, he apparently secured another flight crew to fly with us to New York. Now, we wouldn’t have to wait a few days or until 5:00 am, but instead, it looked as if we would fly to La Guradia as soon as the new replacement crew landed in Milwaukee, scheduled for around midnight that same evening.
By the time the new crew arrived, the on edge passengers had bonded thanks to the shared trauma of it all. Some said they were shocked at America’s apparent lack of control over the beasts it had apparently created through full deregulation.
There were sweet moments in the night that included meeting several interesting individuals, including a New York Social worker who worked with elderly clients, a teacher and a former neighbor from the East Village. And, we all enjoyed an assortment of snacks and free soft drinks, provided by Air Tran. In addition to the snacks, we were compensated with a free round trip ticket any place that Air Tran flies, including Cancun, Puerto Rico or Alaska.
We arrived in Queens at around 430 am, around seven hours late.
In the end, nothing excuses the fact that many of us were almost stranded in an unfamiliar city for what could have been days. What if some of us had placed our employment in jeopardy by missing work? And, while it may seem petty, what about our holiday plans?
The truth is, if it hadn’t been for caring and diligent pilots along with the flight attendants who took our flight some of the passengers on Air Tran-Flight 514 might still be eating Wisconsin Cheese.
Perhaps its time for consumers to demand that government take cooperative steps with airlines in establishing some form of reasonable passenger rights legislation. Perhaps then, not only will Americans feel safer about flying, they might have time to relax as well and still enjoy hopefully reasonable air fares in the future.
The United States Department of Transportation says there is no federal requirement for airlines to compensate passengers who have been stranded because of a delayed or canceled flight.
That was a spooky post holiday truth I learned first hand in Milwaukee Wisconsin this past December 27 during an Air Tran airlines connection point on the way from Atlanta to New York City. The hours-long incident was a reminder that there is little, if any government oversight of some of our most basic but important consumer activities, like commercial airline travel.
Some might say, with the exception of safety, United States airline passengers are basically at the mercy of a profit driven business where passengers are basically left to their own devices to get from point A to B, almost like fighting your way onto the subway or buying a burger at a busy Manhattan McDonalds.
In most cases, if a flight is canceled, an airline will re-book you on the first available flight to your destination at no additional charge. But, as was the case in my experience, finding extra seats could prove difficult, especially if you’re out and about over the holidays. In a nutshell, this led to a couple of hours of travel trauma as my fellow passengers and I tried to make it back to New York City.
That night, flight, #514 from Milwaukee to New York, was the last leg of a long itinerary that had been delayed earlier because of mechanical problems in Tampa. Originally scheduled to depart Milwaukee at just after 5, the plane was eventually boarded at around 8:00 pm instead. Once all the passengers were seated, stowed, etc., the pilot unexpectedly came on the plane’s intercom and made an announcement saying we would all have to leave the plane. Apparently, there was a legal issue that involved the number of hours the onboard flight crew had worked.
These were problems beyond the airline’s control, but it was what happened after we had de-planed some might call questionable. To us on that plane, the next few hours were a sign that America’s airports are temples of chaos and abuse. If that night in Milwaukee is any indication of a greater picture, airlines are allowed to operate with no clear rules of consumer protection or mandated guidelines guaranteed by government oversight.
Back in Milwaukee, at around 9:00 pm after all the passengers had left the Air Tran flight confused and irritated, we watched as uniformed Milwaukee law enforcement officers slowly strolled up to the gate and perched against the podium as the agents on duty filled us in. Obviously, the arrival of “the law” signaled that the news passengers were about to get, would probably spark tempers among the passengers, some who were already barking at agents. Clearly, the agents had been through this sort of thing before.
But repeat performance or not, traveler anger was understandable. The agents told us there was nothing they could really do. Instead, passengers were told to call 1866-airtran and reschedule another flight to New York. It was then that the truly frightening moments of the evening arrived.
Most of us assumed that “rescheduling” meant we’d be booked on a flight that following day. But alas, ignorance is bliss.
In fact, when some passengers made the call to Air Tran’s customer service line, they were told the earliest they could fly would be the following Thursday, better known as New Years Day. The reason being that earlier Air Air Tran flights from Milwaukee to New York were booked solid.
I called right away, and was initially told Tuesday would be the earliest I could get home, but while speaking on the phone begging the agent for something earlier, she paused, then casually told me, oh well, ‘now that flight’s full,’ which then put me at Thursday as well.
The problem was, I had to work that following Monday. I felt the tears knocking on the door in this room full of strangers as a sense of helpless rage infected my soul. As I began to boil over, one of the uniformed Milwaukee deputies eyed me and after I exclaimed a loud “Oh No!” he told me to grow up and act like a man.
Truth be told, Air Tran agents on the scene and phone were clearly ill prepared for the questions they were being peppered with and that included: could other airlines accommodate us, what about a hotel room and others, instead the agents on duty ducked heads and typed furiously into the screens in front of them as they told the furious interrogators they were ‘checking on it.’
But then, after an hour or so of more tears, chaos and childlike confusion, one of the agents took a microphone and shouted to the stranded group that events were developing fast, that in fact, we might be leaving Milwaukee at 5 am that following morning. But, by then, a cloud of suspicion hung over the airport leading most in the room to not watch and question every move, not trusting anything they were hearing.
In fact, once the group fully understood the problem was due to over worked flight attendants, a few passengers decided to take things into their own hands and began begging and offering money to arriving flight attendants deplaning other planes, begging them to accompany us on the New York flight.
In the end, cash tips from passengers weren’t necessary.
Behind the scenes, a new plan was taking shape. Flight 514’s pilot was busy making phone calls to other planes. Along the way, he apparently secured another flight crew to fly with us to New York. Now, we wouldn’t have to wait a few days or until 5:00 am, but instead, it looked as if we would fly to La Guradia as soon as the new replacement crew landed in Milwaukee, scheduled for around midnight that same evening.
By the time the new crew arrived, the on edge passengers had bonded thanks to the shared trauma of it all. Some said they were shocked at America’s apparent lack of control over the beasts it had apparently created through full deregulation.
There were sweet moments in the night that included meeting several interesting individuals, including a New York Social worker who worked with elderly clients, a teacher and a former neighbor from the East Village. And, we all enjoyed an assortment of snacks and free soft drinks, provided by Air Tran. In addition to the snacks, we were compensated with a free round trip ticket any place that Air Tran flies, including Cancun, Puerto Rico or Alaska.
We arrived in Queens at around 430 am, around seven hours late.
In the end, nothing excuses the fact that many of us were almost stranded in an unfamiliar city for what could have been days. What if some of us had placed our employment in jeopardy by missing work? And, while it may seem petty, what about our holiday plans?
The truth is, if it hadn’t been for caring and diligent pilots along with the flight attendants who took our flight some of the passengers on Air Tran-Flight 514 might still be eating Wisconsin Cheese.
Perhaps its time for consumers to demand that government take cooperative steps with airlines in establishing some form of reasonable passenger rights legislation. Perhaps then, not only will Americans feel safer about flying, they might have time to relax as well and still enjoy hopefully reasonable air fares in the future.
Sunday, January 04, 2009
(From GLOBEST.COM) How Offshore breezes could power 300K homes
(GLOBEST.COM)- ATLANTIC CITY-Ocean breezes, currents and waves could someday provide up to 1,000 megawatts of power to an estimated 300,000 homes in New Jersey if a Seattle developer sees his windfarm project to fruition off the coast here. And, in addition to the mitigation of global warming, the project could prove profitable for the developer and his investors.
Link to (my) story at Globest.com
Link to (my) story at Globest.com
(New York Times) Frank Rich lambasts our last Eight Years
By FRANK RICH
Published: January 3, 2009
WE like our failed presidents to be Shakespearean, or at least large enough to inspire Oscar-worthy performances from magnificent tragedians like Frank Langella. So here, too, George W. Bush has let us down. Even the banality of evil is too grandiose a concept for 43. He is not a memorable villain so much as a sometimes affable second banana whom Josh Brolin and Will Ferrell can nail without breaking a sweat. He’s the reckless Yalie Tom Buchanan, not Gatsby. He is smaller than life.
LINK TO "New York Times" Frank Rich Column
Published: January 3, 2009
WE like our failed presidents to be Shakespearean, or at least large enough to inspire Oscar-worthy performances from magnificent tragedians like Frank Langella. So here, too, George W. Bush has let us down. Even the banality of evil is too grandiose a concept for 43. He is not a memorable villain so much as a sometimes affable second banana whom Josh Brolin and Will Ferrell can nail without breaking a sweat. He’s the reckless Yalie Tom Buchanan, not Gatsby. He is smaller than life.
LINK TO "New York Times" Frank Rich Column
From Reuters: Should Government bailout Newspapers
By Robert MacMillan - Analysis
NEW YORK (Reuters) - Connecticut lawmaker Frank Nicastro sees saving the local newspaper as his duty. But others think he and his colleagues are setting a worrisome precedent for government involvement in the U.S. press.
LINK TO FULL STORY at REUTERS
NEW YORK (Reuters) - Connecticut lawmaker Frank Nicastro sees saving the local newspaper as his duty. But others think he and his colleagues are setting a worrisome precedent for government involvement in the U.S. press.
LINK TO FULL STORY at REUTERS
Thursday, December 18, 2008
Cody Lyon's View of NYC...well a photo at least....
View from 51st Street and 10th Avenue in the "Hell's Kitchen" section of Midtown Manhattan.
12/15/2008
Wednesday, December 17, 2008
Choosing Kennedy would Send Wrong Message
by CODY LYON
by CODY LYON
As is often the case in the empire state, New York is under the spotlight as a bit of drama builds over who Governor David Patterson might pick, if, as planned, current Senator Hillary Clinton resigns some time next year to assume the Secretary of State position. As it stands, a number of worthy names have been whispered here and there, but only a couple of them have made their way to the main stages of discussion, debate and that sometimes annoying media glare from the rest of the country that has always seen New York as a national soap opera.
Among the whispers beyond Cuomo, several women have been floated, women who’ve served New York already, a couple who happen to be Latina and another from Up-State.
Of course, there’s no denying that the biggest name in the bunch, Kennedy, evokes a sense of political reverence, respect and legacy. But in spite of tremendous political accomplishment, the family through no fault of its own, has also come to represent an American dynasty, the oft clichéd version of our royalty.' And while there's nothing wrong with Americans expressing affection for the tradition that comes with royalty, there is reason to question, show concern or perhaps raise flags when one's family genes potentially provide an untested individual with what could be a potentially simple coronation into national political office where the power is more than symbolic.
History books teach us the United States is a free and open Democracy that consists of government by and for the people. So, considering that 'by' essentially equals election, it might seem more fair, that in choosing New York's next Senator, the one set to succeed Hillary Clinton, the Governor might consider appointing an individual who has at least gotten votes for public office, or consider tapping a public official who has earned more tangible political wings beyond being the daughter of one of the nation's most revered presidents and a high profile member of our nation's often romanticized but powerful political dynasties.
Picking Caroline Kennedy to succeed Hillary Clinton as Senator from New York might actually send a contradictory message to Americans, the world, but perhaps more importantly, to the children of New York state. It could, inadvertently impact the spirit of the message the election of Barack Obama reaffirmed, that hopeful and idealistic seed our parents plant when they tell us while we’re still young and naive, that anyone, regardless of race, income and yes, name, can be elected to high office in the United States.
Choosing Caroline Kennedy as the Senator from New York, based on nothing more than her familial association, dilutes that message, and at least on the surface, seems to say that like Royalty, position is indeed an attribute, even a card of entitlement in American politics.
by CODY LYON
As is often the case in the empire state, New York is under the spotlight as a bit of drama builds over who Governor David Patterson might pick, if, as planned, current Senator Hillary Clinton resigns some time next year to assume the Secretary of State position. As it stands, a number of worthy names have been whispered here and there, but only a couple of them have made their way to the main stages of discussion, debate and that sometimes annoying media glare from the rest of the country that has always seen New York as a national soap opera.
Among the whispers beyond Cuomo, several women have been floated, women who’ve served New York already, a couple who happen to be Latina and another from Up-State.
Of course, there’s no denying that the biggest name in the bunch, Kennedy, evokes a sense of political reverence, respect and legacy. But in spite of tremendous political accomplishment, the family through no fault of its own, has also come to represent an American dynasty, the oft clichéd version of our royalty.' And while there's nothing wrong with Americans expressing affection for the tradition that comes with royalty, there is reason to question, show concern or perhaps raise flags when one's family genes potentially provide an untested individual with what could be a potentially simple coronation into national political office where the power is more than symbolic.
History books teach us the United States is a free and open Democracy that consists of government by and for the people. So, considering that 'by' essentially equals election, it might seem more fair, that in choosing New York's next Senator, the one set to succeed Hillary Clinton, the Governor might consider appointing an individual who has at least gotten votes for public office, or consider tapping a public official who has earned more tangible political wings beyond being the daughter of one of the nation's most revered presidents and a high profile member of our nation's often romanticized but powerful political dynasties.
Picking Caroline Kennedy to succeed Hillary Clinton as Senator from New York might actually send a contradictory message to Americans, the world, but perhaps more importantly, to the children of New York state. It could, inadvertently impact the spirit of the message the election of Barack Obama reaffirmed, that hopeful and idealistic seed our parents plant when they tell us while we’re still young and naive, that anyone, regardless of race, income and yes, name, can be elected to high office in the United States.
Choosing Caroline Kennedy as the Senator from New York, based on nothing more than her familial association, dilutes that message, and at least on the surface, seems to say that like Royalty, position is indeed an attribute, even a card of entitlement in American politics.
Monday, December 08, 2008
CBS NEWS '60 Minutes: Saudi Arabia Bullish On Oil's Future
CBS) The good news is that the price of oil is falling - a lot; it's also the bad news if you're determined that the U.S. should kick its addiction to foreign oil. President-elect Barack Obama says now is the time to do that, even with the economy in recession.
But Saudi Arabia, the world's largest oil supplier - with the U.S. as its number one customer - is pulling all the levers and spending billions to keep the oil age going.
60 Minutes correspondent Lesley Stahl went to Saudi Arabia a few weeks ago to meet one of the most powerful men in the world, Ali Al-Naimi, the Saudi oil minister and de facto head of the OPEC oil cartel.
LINK TO FULL STORY AT CBSNEWS
But Saudi Arabia, the world's largest oil supplier - with the U.S. as its number one customer - is pulling all the levers and spending billions to keep the oil age going.
60 Minutes correspondent Lesley Stahl went to Saudi Arabia a few weeks ago to meet one of the most powerful men in the world, Ali Al-Naimi, the Saudi oil minister and de facto head of the OPEC oil cartel.
LINK TO FULL STORY AT CBSNEWS
Thursday, December 04, 2008
7 WTC Lands German Bank on top 3 Floors
Against a backdrop of artist’s renderings of the future World Trade Center complex, Mayor Bloomberg offered praise for Silverstein and his commitment to Downtown, congratulating him on the buildings now reporting 85% occupancy. Financial terms of the lease were not available and neither Silverstein nor WestLB managing director, Connie Kain would comment on the amount the bank will be paying.
WestLB, in New York City since 1975, is moving from its current headquarters at 1211 Avenue of the Americas to floors 50 through 52 of the 1.7-million square-foot building.
Link to my full story at GlobeSt.com
WestLB, in New York City since 1975, is moving from its current headquarters at 1211 Avenue of the Americas to floors 50 through 52 of the 1.7-million square-foot building.
Link to my full story at GlobeSt.com
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