Cuomo pushes for commercial-to-resi conversions

first_imgEmail Address* TagsAndrew CuomoState of the State Cuomo called for the conversion of vacant commercial space to affordable housing. (Getty) Gov. Andrew Cuomo on Monday called for the conversion of vacant commercial space into affordable and supportive housing.During his 11th State of the State address, Cuomo cited the spike in empty commercial space as an opportunity to add dwellings. Such a proposal has already been promoted by the real estate industry: Last month the Real Estate Board of New York identified 210 million square feet of class B and C office space citywide that could be converted.“Take the negative, make it a positive,” Cuomo said.It isn’t yet clear how many commercial landlords would be willing to change the use of their properties. Such conversions would come with major logistical challenges, including light and air requirements for residential units. The governor subsequently announced that he would propose legislation to create a five-year period during which property owners can convert office buildings and hotels in the Manhattan central business district to residential use.The governor made no mention of state financial assistance for such conversions, which tend to be so costly as to be uneconomical.Deploying various military analogies, Cuomo gave an overview of his plans to continue tackling the Covid-19 crisis.“Covid fatigue is not an option until Covid itself is fatigued,” he said. “If we tire before the enemy tires, we lose the war.”He said that the state can’t remain closed until everyone is vaccinated, but that it would increase economic activity, including reopening restaurants, “using science.” Indoor dining is still prohibited in New York City and at reduced capacity elsewhere, and Cuomo noted that regions would need to shut back down if hospitals were overwhelmed with cases.In lawsuits and press releases, restaurant owners have said science does not justify Cuomo’s restrictions.Turning to federal issues, the governor said Washington has “savaged” New York over the past four years. With a new president and Democrat-controlled Congress, Cuomo said he is hopeful that state and local tax deductions, which the Trump administration capped at $10,000 in 2017, would be restored.“Washington raised our taxes to benefit other states,” he said, lamenting that those states then tried to lure New Yorkers based on their lower tax rates. “The infuriating irony is that New York subsidizes those other states’ lower rates.”To clarify: Many New Yorkers’ taxes were lowered by the 2017 overhaul, but rates were effectively lowered more in low-tax states, increasing their advantage over the blue states that send more money to Washington than they get back.Still, Cuomo said if the federal government doesn’t help New York address its $15 billion deficit, painful steps will need to be taken. He floated the prospect of raising taxes on all earners who make more than $1 million a year, which by his calculation would “only raise $1.5 billion.” Even with that and a freeze on labor contracts with public employees, extensive cuts would be needed, he said.Leading up to Monday’s address, which took place in the state Capitol’s “War Room,” Cuomo announced a number of other proposals, including an extension of the High Line that would connect to the newly opened Moynihan Train Hall.Cuomo also pledged to propose legislation to extend the commercial eviction moratorium through May 1, as well the ban on fees for late residential rent payments. He indicated that he will lay out certain plans in depth at three future briefings.Contact Kathryn Brenzel Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Message* Share via Shortlink Full Name*last_img read more

Forbearance rate stubborn among home-mortgage borrowers

first_imgTagsHousing MarketMortgagesResidential Real Estate Share via Shortlink (iStock)Home-mortgage borrowers’ pandemic recovery has hit a wall.The forbearance rate among mortgage borrowers had been improving since peaking in June at 8.55 percent. But after declining to 5.5 percent — or about 2.7 million homeowners — progress ceased in November, the Wall Street Journal reported, citing the data from Mortgage Bankers Association.At the same time, the number of job openings has declined, and unemployment claims remain high.Read moreMore than 7.5% of home loans in forbearance: MBATRD Insights: More homeowners are skipping mortgage payments in favor of credit card bills3M homeowners remain in forbearance Email Address* Full Name*center_img Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Message* “With the waning recovery, and more applications for unemployment claims, we’re likely going to see increased demand for forbearance,” said Ralph McLaughlin, chief economist at Haus, a home-finance startup. “One of the safeguards people have, if they own a home, is to apply for forbearance.”The federal Cares Act passed last March allowed borrowers to postpone payments on federally backed mortgages for up to 12 months. But Covid infections began surging in the fall and the initial robust stimulus from Congress gave way to deadlock at the election approached.Shunda Lee, a Texas homeowner, was going to restart payment on her home this month after a three-month forbearance from her lender expired, the Journal reported. Instead, she received a three-month extension because a short-term prospect of her job as a lawyer remains uncertain as the courthouses where she works have often been closed.If she runs out of her forbearance allowance and is still not working full-time, she’ll ask her parents for financial help, said the 47-year-old.“If worse comes to worst, that’s what I’ll do,” she said. “Nobody wants me to lose my house.” [WSJ] — Akiko MatsudaContact Akiko Matsudalast_img read more

Weber State Football Returns To Top 10

first_img FacebookTwitterLinkedInEmailOGDEN, Utah-Monday, Weber State football returned to the top 10 in both the FCS STATS and coaches polls.After a 14-6 win over #3 Eastern Washington, the Wildcats were ranked #7 in the FCS STATS poll and ninth in the AFCA FCS Coaches poll.The Wildcats, who are now 4-2 on the season and 2-1 in Big Sky Conference play, host the Montana State Bobcats Saturday at 4:00 pm at Stewart Stadium. Tags: AFCA FCS Coaches Poll/FCS STATS/Montana State Bobcats/Weber State Football October 15, 2018 /Sports News – Local Weber State Football Returns To Top 10 Brad James Written bylast_img read more

New Location for Chili Chowder Festival on Sunday, Oct. 2

first_imgUPDATE: Due to the weather forecast, the location of the Chili Chowder Festival scheduled for noon to 4 p.m. Sunday, Oct. 2, has been moved from the Tennessee Avenue Soccer Complex to the covered loggia of the Ocean City Music Pier (on the Ocean City Boardwalk between Eighth Street and Ninth Street). Complete information is below. The Ocean City Restaurant Association will present a first-time event on Sunday: A Chili Chowder Festival featuring the best recipes from Ocean City restaurants.Guests will be able to taste something from every restaurant that participates – either chili or chowder. The festival will be a kid-friendly event welcoming to the whole family. The Humane Society of Ocean City will be on site with some cute pets available for adoption. Free parking is available at the festival site: the loggia of the Ocean City Music Pier. A DJ will play music from 1 p.m. to 3 p.m. Complete information is in the flyer above. The event is co-sponsored by Ocean City Magazine.CLICK HERE  FOR WRISTBANDSlast_img read more

In my world

first_imgA while ago I wrote about how you could save your business money by doing the simplest of things, such as putting a note in your diary for the renewal dates on your insurance, electricity and gas contracts, telephone lines and broadband providers. With it being the consumer’s market out there, one can save thousands of pounds over a single year! Yes, that’s right! My businesses have and so can yours. All you have to do is shop around when it comes to renewing your contracts.With the exception of your insurance policy, you can pretty much chop and change suppliers every year to save money. The reason why you should stick with one insurer is that, generally, the insurance companies do not like someone who is changing all the time they think you are up to something.But right now I’m going to talk about leasing. This is something that, while tax-efficient, can cost a business thousands of pounds if overlooked. Recently, I visited a friend and saw some of his equipment really struggling to work. Out of curiosity, I asked him how old it was and how much he paid for it. “Oh, I pay £439.80 a month,” he said. “So it’s leased?” I asked. “Yes, I think so! I’ve always paid this.”On digging deeper, we discovered he initially got the equipment leased among other things and the term ran out a year ago, but since he didn’t realise that it did, the leasing company simply kept charging him for it. Now, there are two points here: when you lease a property, the landlord will not necessarily have to come to you and say, “Your lease has expired!” He is getting his rent, so he will continue to receive his rent. The only thing is, had you contacted him, you could have renegotiated. With commercial leasing, you simply pay a charge for the titles to either be transferred to your name or for indefinite use of the equipment until its life ends. Either way, it saves you from paying the lease on it.So what have we learnt? We have to keep on top of all our outgoings especially the big, but infrequent amounts. We tend to be so busy looking after the daily grind that we often forget to take care of the big stuff, which ultimately costs us an arm and a leg, simply because we didn’t look at the numbers or, in this case, dates.So sit down as soon as you can and list all your suppliers of utilities, leasing, finance or any other expenditure. Next, find out the renewal dates, terms and all the other necessary details and, finally, put a note in your diary, so you can pick up the phone and renegotiate, move away or look at other alternatives.If you have comments and experiences on this issue, email [email protected]last_img read more

Gramatik Launches GRMTK Cryptocurrency, Sells Out Token Allotment In 24 Hours

first_imgFollowing a major European tour, Gramatik will bring it back to the Five Boroughs for a special New Year’s Eve journey at Terminal 5 on December 31st (get tickets here). On tap to join Gramatik for this New Year’s celebration are Big Wild, Ramzoid, and Cobrayama.We’re excited to team up with Good Looks Collective and GBH Events to bring you the ultimate VIP experience giveaway to ring in the new year properly! One lucky winner will receive:-(4) VIP Tickets to Gramatik at Terminal 5 NYC 12/31 -A Champagne Meet & Greet with Gramatik after the show -Signed MerchEnter below, then follow the instructions for increasing your chances of winning. Good luck! Groundbreaking producer and technological advocate, Gramatik, raised the maximum amount of $2.48 million (7500 ETH) in under 24 hours during his GRMTK token sale in Zurich on November 9th, 2017, as he became the first artist in history to ‘tokenize’ his intellectual property–meaning, he created his own form of cryptocurrency that will represent his IP. For those of you still learning about cryptocurrency, it can best be defined as a digital or virtual currency that uses cryptography for security, making it difficult to counterfeit, that is not issued by any central authority, rendering it theoretically immune to government interference or manipulation, according to Investopedia.A packed crowd at X-TRA in Zurich witnessed the historic moment as Gramatik, alongside SingularDTV, launched the GRMTK token (kind of like a “bitcoin”, but not), creating a new model for funding and artist-fan relationship. The GRMTK token represents the intellectual property of Gramatik, with those purchasing tokens entitled to a share in the revenue of his work as he produces music and scores films–basing the entire transaction on support, faith, and loyalty.Watch The Livestream of the Token Launch Here!Gramatik explains in a press release, “GRMTK isn’t just a cryptocurrency, it’s much more than that, now my audience can share in my inspiration and success by also owning the rights and royalties of my music and anything I create and distribute on my upcoming channel. If you hold 100 GRMTK tokens, then you own 100 tokens worth of the rights and royalties of the music and projects I create.”25% of the total tokens were released in the token sale, and sold-out within 24hrs, hitting the maximum contribution amount of 7,500 ETH ($2.48 million) and putting the total value of his burgeoning GRMTK Entertainment Economy at $9 million, in a revolutionary move for artists in both the music and blockchain spheres.EXCLUSIVE: Gramatik Discusses New Concept Album, Donald Trump, Nikola Tesla, And Crypto-CultureGramatik continues, “Embedded in the GRMTK token is not only the rights and royalties of my creations, but the ideals and philosophy of freedom and liberty for all artists, for all people. This is a movement of not only art, but of the mind and of the spirit.”Now that the world has seen the fundraising potential of artist tokenization, Gramatik is confident that the world-beating stars and luminaries of the music world will have their interest piqued. “Even the big names with massive worldwide fan bases like Skrillex have an interest in creating without intermediaries, getting rid of major labels when they’re not helping,” says Gramatik. “They just need to see actual progress, that it’s not just a theory. When they see that, I won’t even need to convince them. They’ll see for themselves. Then I can see widespread adoption.”Ultimate VIP Experience: Pop Bottles With Gramatik & Your Crew On New Year’s Eve in NYC!This is another exciting development in the spheres of cryptocurrency and blockchain technologies, as the world *hopefully* will move toward becoming a better place–complete with bank-less transactions, shared benefits, and human trust.last_img read more

Harvard grad students named NAE fellows

first_imgThe National Academy of Education (NAE) recently named four graduate students at Harvard as 2012 fellows of the Spencer Dissertation Fellowship Program. The program recognizes scholars whose dissertations bring fresh, constructive perspectives to the history, theory, or practice of formal or informal education anywhere in the world, and includes a $25,000 award for one academic year. The fellows are:Larisa Heiphetz, psychology, “The Fourth R: Developing Notions of Religious Diversity”Megan Holland, sociology, “Unequal Playing Fields, Same Game: Variations in Students’ Approaches to the College Application Process in Racially and Socioeconomically Diverse Schools”James Huguley, education, “The Moderating Effects of School Context on Racial Achievement Dynamics in High School: Modeling Key Elements of Social and Structural Theory”Matthew Kraft, education, “What Promotes Teacher Development? Examining the Effect of the Professional Environment on the Productivity Growth of Teachers”For more information, visit the NAE site.last_img read more

HUBweek returns with fresh ideas

first_imgFor the fourth straight year, Harvard University, The Boston Globe, Massachusetts General Hospital, and Massachusetts Institute of Technology are partnering to present HUBweek, an idea festival that will begin on Monday. HUBweek brings together individuals and groups pushing the bounds of innovation in their industries.“The wealth of creativity and innovation born throughout Greater Boston have made an impact on the world for centuries,” said Harvard’s Deputy Provost, Peggy Newell. “Harvard is thrilled to support HUBweek as a platform for industry leaders, young entrepreneurs, and the public to come together, ask important questions, and explore what’s next.”Harvard affiliates will serve as a key draw for the festival during the opening two days, when organizations host events in spaces throughout Greater Boston, and on Wednesday and beyond when the programming will take place at the HUB at City Hall Plaza.On Tuesday, staff and faculty from Harvard will showcase their work in scientific discovery and advanced language-learning through virtual reality at the Cabot Science Library.That evening, the Harvard i-Lab will invite HUBweek attendees to their space in Allston to join Ash Carter, director of the Belfer Center, in a conversation about the shared responsibility of government, business, and academia to protect the public from the negative effects of technological advancement while advancing the good that comes from innovation.Belfer Center Director Ash Carter will lead a conversation about balancing the good and bad of technological innovation at the Harvard i-Lab on Tuesday. Kris Snibbe/Harvard file photoWhen HUBweek moves to City Hall Plaza midweek, the programming will come together at the HUB, which The Globe has called a “fairground from the future.” The HUB features geodesic domes, large glass pavilions, and converted shipping containers, all of which will serve as program venues. Innovators, performers, and creators will use the HUB to showcase their research and ideas, and to engage with HUBweek attendees on issues of critical importance to how people live, work, and maintain healthy lives.Wednesday, two Harvard-affiliated events will take place on the HUB main stages. The first features Harvard Medical School researchers engaging with doctors and a patient who is in treatment for Alzheimer’s. The conversation will focus on the connections involving research, practice, and application with the perspectives of those who do the research, treat the patients, and live with the disease.“So many threads have to come together in order to realize a breakthrough in Alzheimer’s disease, from basic science to clinical trials of new therapies to an appreciation for the experiences of patients and their families,” said Stanley Shaw, associate dean for executive education at Harvard Medical School. “HUBweek allows a unique opportunity for those committed to this work to hear from diverse voices in one venue and gain new perspectives. The more we can share ideas, including unconventional ones, the more we can help catalyze innovations that will ultimately help our patients.”HBS professor David Moss is joined by the Globe’s Dante Ramos to bring Moss’ popular HBS class on American democracy to the HUBweek stage on Wednesday evening. Kris Snibbe/Harvard file photoAlso Wednesday, the editor in chief of the Harvard Business Review, Adi Ignatius, will explore how business leaders are responsive to social issues and what role they play in advocacy and public policy debates.In addition, two conversations about the role of voting in America will take place: a historical perspective with David Moss, Harvard Business School’s Paul Whiton Cherington Professor, and then a discussion hosted by the Ash Center on how to cure the persistent and troubling problem of low voter turnout.Registration is required to attend HUBweek events, and passes range from a free general admission ticket to a paid, all-access pass. More information on pass levels and how to register for events is available at the HUBweek website,, “We the Publics,” a traveling exhibition that originated at the Harvard Graduate School of Design, will be at HUBweek after crisscrossing the country in pursuit of a renewed, democratic definition of what “public” means in its different uses and applications.“We the Publics” will be broadcast on a shipping container near the festival’s entrance, with an accompanying “Self-Reflection Selfie Zone.”last_img read more

Week aims to celebrate contributions of first-generation, low-income students

first_imgNotre Dame’s Office of Student Enrichment seeks to address inequalities on campus with its first annual First Generation and Low Income Student Week.Assistant director of student enrichment Robyn Centilli said the week is intended to raise awareness of first-generation and low-income students’ circumstances, hopefully promoting campus dialogue about the unique challenges these students often face.“This is our first year doing this, but our hope is that this is something we can build on and continue to celebrate,” Centilli said. “When people look at Notre Dame and think about what we’re doing for our first-generation and low-income students, they see that it’s a celebration around those students. We’re not just giving them money, but we are really setting them up for success. … We are constantly putting ourselves out there to help further these conversations.”The week kicked off with a lunch and learn panel discussion Monday in the Notre Dame room of the LaFortune Student Center which focused on “Challenges in Access for First Generation and Low Income” students.While bias and the desire for a “full house” may motivate admissions officers at other universities, panelist and Notre Dame director of TRiO programs Nijinsky Dix said that, at Notre Dame, all students earn their admission.“You got here the right way,” Dix said. “You are in the same classroom as those people with money, those valedictorians from other schools, you are here. And you earned your way here. Be proud of it. That’s your badge.”Sharing her own experience as a first-generation student and role model for her nieces and nephews, Dix encouraged students to be proud of their background and accomplishments.“The focus is to change the trajectory for your family, doing it the right way. You can’t worry about what they’ve got going on.” she said. “Who doesn’t want to be number one? Go off, do that. We’re like mini superheroes.”Echoing Dix’s words, first-generation student and senior Daniel Jimenez said it was important to take advantage of the opportunity to be a Notre Dame student without the weight of self-doubt.“I see [being first-generation and from a low-income household] as an opportunity,” Jimenez said. “I see it as, ‘I can be the person to get my family out of this situation,’ … you see it as, ‘Oh wow, I am the person who can shift my family’s history.’ That’s really powerful.”The Office of Student Enrichment has planned several events throughout the week, including “Postcards of Encouragement” on Tuesday, another lunch and learn session Wednesday and a talent show for first-generation and low-income students Friday. Director of student enrichment Consuela Howell said she hoped these events would shift public focus from what first-generation and low-income students lack to what they add to the campus community.“First-generation and low-income students bring a certain resiliency, grit, problem solving ability, vision, the hope that they bring with them. We know that there are a lot of problems that first-generation, low-income students are facing that their peers aren’t facing … and a lot of those things are things that we as a department take it upon ourselves to solve,” Howell said. “We can’t solve everything, but we try to solve it — the lack. However, we think it is just as important, if not more important, to focus on what they add to this campus. This week is to highlight those things that they add.”Centilli said she hopes these events work towards creating a more integrated and aware community for first-generation and low-income students and their more privileged peers.“The events are open to everybody,” Centilli said. “I don’t want anybody to ever feel like, ‘I have privilege so can’t be part of that,’ because we should all be a part of the conversation. This should be something that we’re all talking about. … How are we utilizing our own voice and our own abilities to uplift others?”Tags: First-generation students, low-income students, Office of Student Enrichmentlast_img read more

Sara Sheen & Abbie Vena Join West End’s Matilda

first_img London is getting some new maggots! Sara Sheen and Abbie Vena will join Zaris-Angel Hator and Clara Read in the title role of Matilda The Musical from September 13. The Olivier-winning production is playing at the West End’s Cambridge Theatre.The young performers who will be joining the London company in the three teams playing the roles of Bruce, Lavender, Amanda and the rest of the pupils at Crunchem Hall are as follows: Nicholas Antoniou-Tibbitts, Molly Beech, Hannah Bouhamdi, Max Brophy, Olivia Calladine-Smith, Elena Cervesi, Lydia Coghlan, Anya Evans, Miles Harcombe, Michael Hawkins, Sam Jennings, Harrison Langham, Ben Lewis, Craig Noakes, Tia Palamathanan, Owen Pennington, Charlotte Ross-Gower, Alexander Stuckey, Felix Warren and Scarlett Wennink.Craige Els continues in the role of Miss Trunchbull, having first stepped into the girdle in September 2014. Also remaining in the company are Michael Begley as Mr. Wormwood, Miria Parvin as Miss Honey and Rebecca Thornhill as Mrs. Wormwood.Directed by Tony and Olivier Award winner Matthew Warchus, Matilda is the story of an extraordinary girl who dreams of a better life. Armed with a vivid imagination and a sharp mind, Matilda dares to take a stand and change her destiny. Based on the beloved Roald Dahl novel of the same name, the musical features a book by Dennis Kelly and music and lyrics by Tim Minchin.The Broadway incarnation of the tuner is set to shutter on January 1, 2017 at the Shubert Theatre. The London Matildas View Commentslast_img read more