Why Crack Down on Revel, but not Cars?
August 4, 2020
CityLimits
Mayor Bill de Blasio said the city will not allow scooter sharing company Revel to reopen its New York City operations unless they are convinced it can be done safely. Revel shut down its fleet of electric mopeds in the city on July 28 after the second death of a rider in just two weeks.
“Our people have been talking to Revel, and they’ve been making changes, but not enough changes, is the bottom line,” the mayor said according to the New York Times. “This has just gotten to be too much. It just doesn’t work the way it’s structured.”
Fair enough. But, if safe streets are still front and center of the Vision Zero mayor’s mind, why not forward stricter policy and regulatory measures that makes similar demands of automobiles and their manufacturers?
Links to Sample Clips from Cody Lyon
NEW YORK — The firm picked by the city to run what is meant to be the nation’s largest bicycle share program has been dogged by questions about how it got a contract to run a similar system in Chicago, while its partner is being sued by a key software developer.
City officials announced last week that the much-anticipated bike share program would be delayed from its expected roll-out this summer to March 2013. Mayor Michael Bloomberg blamed the system’s software. “The software doesn’t work. Duh,” Bloomberg said on his radio show. “We’re not going to put it out until it does work.”
There may be a good reason why the software doesn’t work: It’s unfinished. According to the city official in charge of the recently launched bike share program in Chattanooga, Tenn., which uses the same platform, the software is undergoing “ongoing development.”
“There’s still work to be done — features to be added — and that’s where we are at the current time,” said Philip Pugliese, of Bike Chattanooga.
Link to full story
New York City Explores Ferries as Transit (Gotham Gazette)
by Cody Lyon, Apr 15, 2013
NEW YORK — Nearly six months after Superstorm Sandy paralyzed subways and buses across the city, water transit advocates and politicians are saying it is time to expand ferry service into a robust, five-borough system that can operate in good times and after disasters.
They also see it as a means for providing affordable public transit to areas underserved by existing transit infrastructure — including, for example, the Rockaways, where the subway linking the peninsula was taken out of commission by the storm and a new ferry service was started up to connect the isolated community to Manhattan.
Yet, as policymakers look to expand ferry service, they are reminded of similar efforts over the past 20 years that have drowned in costs. Around 30 regional ferry services have come and gone, despite the investment of close to $700 million in capital investments.
Today’s ferry system is balkanized, with about half a dozen private operators carrying passengers across the Hudson and East rivers, as well as other parts of the metro area. The Staten Island Ferry, which accounts for the largest share of waterway ridership, is run by the Department of Transportation.
UPSTART- (Business Journals)
What’s more American than coffee shops and ice cream? The freedom to have a ‘gay’ brand
Bloomberg Plans to Mandate Green Retrofits (GlobeSt.com)
Last updated: April 23, 2009 11:32am By Cody Lyon NEW YORK CITY-As showcased at SL Green Realty Corp.’s Earth Day celebration Wednesday, the inset of a 17th floor roof at the REIT’s 100 Park Ave. is covered with green vegetation that looks out of place among Midtown skyscraper peaks. The “green roof” installation, one of 14 at the newly retrofitted property, catches rain water, eliminating runoff and–unlike its heat radiating concrete neighbor roofs–naturally absorbs rays from the sun, helping cool the building’s interior. Retrofits like these may become a requirement citywide if the Bloomberg administration has its way. Contained in the proposals announced by Mayor Michael Bloomberg on Wednesday are mandates that require older buildings to invest in necessary technology and infrastructure that would increase energy efficiency and reduce the city’s carbon footprint. New York City’s buildings are responsible for 80% of its carbon emissions. The investments could prove costly, but promise tremendous savings in power bills for thousands of properties. Who is Ground Zero’s Ombudsman? : Years behind deadlines, Billions over budget,calls for oversight at WTC rebuild (GlobeSt.Com)By Cody Lyon, on August 9th, 2009
Excerpt from globeSt.com article… NEW YORK CITY-The sidewalks surrounding the 16 acres in Downtown Manhattan known as Ground Zero are still covered by tourists, who are forced to hold cameras high above their heads in an attempt to peek over the blue-shrouded fence guarding the construction site. Eight years after the event that drew those tourists there in the first place, construction at the site has been slow to come, marred by inefficiency and public frustration, and for the last year or so, a very public dispute between politicians, a massive public agency and commercial real estate interests. “If you get anyone involved who is part of the political process, or the construction process, you’ll get the same old tired answers,” says construction attorney Barry LePatner, author of Broken Buildings, Busted Budgets: How to Fix America’s Trillion Dollar Construction Industry. “There should be huge outrage over this, but we’re in the middle of recession which draws our attention to a zillion other problems.” Others agree that that the volleying between the involved parties has grown confusing. “The political ping-pong game is very disconcerting to tenants and the brokerage community at large, because people are seeking clarity and specific direction in this marketplace,” says Robert D. Goodman, senior managing director at FirstService Williams. Goodman, who worked at the World Trade Center, says he’d just left his office one minute before the events of 9/11 unfolded. He says that personal history, plus a career centering on the Downtown market, has contributed to his keen interest in what happens at the site.
Despite MTA Nod, Atlantic Yards Saga Still UnfoldsBy Cody Lyon | New York
“delays due to litigation and a difficult economic environment required the approved changes.” The The project, steeped in years of controversy, litigation and now a dried-up credit market, has When asked about the scathing Times critique that lambasted what it called more than a “betrayal of
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(CNN) Can You OD on Caffeine?
Can you OD on caffeine?
- 200 to 300 milligrams of caffeine a day — about two to four cups of coffee — is safe
- Energy drinks usually contain around 80 milligrams of caffeine in an eight-ounce can
- Caffeine acts as a stimulant in humans and can be found in seeds, leaves and fruit of plants
Editor’s note: upwave is Turner Broadcasting’s new lifestyle brand designed to entertain the health into you! Visit upwave.com for more information and follow upwave on Twitter, Facebook, YouTube,Pinterest and Instagram @upwave.
(upwave) — The rumor: It’s possible to get caffeine poisoning
As he was driving down an Ohio freeway minutes after swallowing five Magnum 357 caffeine pills, Christian Brenner started to vibrate — and the cars in his rearview mirror did as well. Fortunately, Brenner pulled over and walked around in an effort to try and come down.
Today, he swears off caffeine, even coffee — the mental aftereffect of what he says was straight-up caffeine poisoning.
upwave: Is coffee bad for you?
The verdict: Yes, you can OD on caffeine. The trick is to know your body, pay attention to what else you’ve ingested and do your homework on energy drinks
Caffeine acts as a stimulant in humans. It can be found in the seeds, leaves and fruit of plants like coffee or kola nuts.
“Safe doses of caffeine are usually quoted at around 200 to 300 milligrams, or two to four cups of coffee per day,” says Dr. David Seres, associate professor of clinical medicine at Columbia University.
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A Grand Experiment
(Specialty Retail Report-New York)
The kiosks at the Graybar Passage in New York’s Grand Central station have one strong advantage: high traffic. These high-end retailers offer a slice of New York to locals and tourists alike.
Jones Lang LaSalle assistant manager Laura Blaustein oversees retail operations at Grand Central Station’s Graybar Passage. She took Specialty Retail Report on a tour of retail kiosks in the busy commuter saturated corridor. Located on the northeastern section of the 100-year-old train station, the path tunnels from the main terminal over to Lexington Ave. Blaustein calls this section of the terminal’s retail stock an incubator for local small, independent businesses. Merchants rotate at the kiosks, usually for three or four-month intervals. Blaustein said the Grand Central retail realtors can use their expertise to help nurture the merchants for the time they are here. “A lot of these merchants would like to stay here for longer periods, but, we like to mix it up for the commuting customers,” she said. The kiosks have been operating in the corridor for seven years now. Each of the merchants offers a sampling of distinctly New York crafts, colors and flavors.
Auto Finance News; CFPB and The Dealers
For the past couple years, dealers have been standing on the sidelines watching lenders and regulators go to head to head on fair lending issues. Since late last year, though, dealers ― who are officially exempt fromConsumer Financial Protection Bureau oversight ― have slowly been drawn into the match, and now they’re now gearing up for the latest bout.
At the recent National Automobile Dealers Association convention in New Orleans, conversations about compliance overheard in elevators, along sidewalks, and even at a French Quarter oyster bar overshadowed stories of vibrant dealer performance, as players in the market discussed how to be best prepared when the CFPB (www.consumerfinance.gov) comes knocking. In a lively speech, NADA’s incoming Chairman Forest McConnell III told members that the Washington, D.C.-based organization is working through the tough regulatory and legislative changes. In an effort to appease government concerns, NADA (www.nada.org) unveiled details of its new Fair Credit Compliance Policy and Program.
The move comes on the heels of a Fitch Ratings (www.fitchratings.com) report last month that says compliance requirements will likely raise regulatory costs for lenders in 2014 and could lead to the elimination of dealer markups altogether. NADA’s new compliance program template seeks to avoid such a move.
“As CFPB has stated, there are many ways to solve this problem, and we’ve found one,” NADA Senior Director of Legislative Affairs Bailey Wood told Auto Finance News.” We have found a way to take care of any disparate impact discrimination by having an explained reason other than race as to why an auto loan was discounted.”
AFN Blog-The Subprime- Seesaw
Increasingly relaxed credit underwriting standards in the subprime auto world are helping lift auto sales across the country, according to a report today from Bloomberg News.
Bloomberg checks in on Houston auto dealer Alan Helfman, who tells the story of a customer who drove away with a new Dodge Dart-despite a credit score south of 500.
Keeping the MTA Running (Gotham Gazette)
NEW YORK — Subway trains arrive at stations late at night too crowded to board. A train that usually travels express often runs local after a certain hour, and some routes have been remapped entirely thanks to Superstorm Sandy repairs or other long-term upkeep. Scores of the city’s bridges and highway overpasses are considered structurally deficient and fixes have been progressing at a snail’s pace. When construction happens, cars sit on highways for upwards of an hour, waiting to get from point A to B.
The city’s mass transit is groaning under the weight of age and use. A labyrinth of governmental agencies that govern and fund construction, operating costs and daily repairs all share the same problem: they are either broke, in debt and set to sink further, and not one of them has figured out how they will get necessary funding.
Yet if the city and state fail to maintain or expand mass transit, there is a possibility that the entire mess of it all could choke on its own congestion.
Figuring out where new transit money might come from is perhaps one of the biggest challenges facing policymakers — and the next mayor — in the years ahead. Transit advocates say there are workable solutions, from levying “impact fees” on new development to a “toll swap” proposed by “Gridlock” Sam Schwartz.
(Huffington Post)-(Upwave- Health and Wellness Pieces)
There’s a special place in Hell that’s the spitting image of New York City subway platforms on hot and humid summer nights. After hours, when MTA’s capital construction efforts translate into fewer trains, the wet air, acrid stench are relieved only by napkins or towels, used to wipe sweat. In New York City, anything can happen and the misery of heat has been known to contribute to all manner of misbehavior-or not.
Complete strangers on a wooden bench waiting for uptown trains. One, a graying thin gentleman with porcelain skin, beige khakis, a blue button down, a reusable shopping bag filled with books in his lap. His right hand holds a cane; The other, a lady with short salt & pepper hair, solid black pants, V-neck T shirt, a firm and full body, she’s wearing black modern glasses and sensible flats.’
LINK TO FULL STORY AT HUFFINGTON POST
Early One Night in Harlem
On the last Sunday in February at around 8 p.m., Jon Jensen, who teaches English at Kingborough College in Brooklyn, was walking north on Frederick Douglas Boulevard near 135th Street in Harlem.
In one hand, he held a leash, to which was attached his fluffy white Pomeranian dog, Bumpy. In the other hand, he had out his iPhone 5. As he was checking a text, a woman bumped into him, and he dropped the phone onto the sidewalk. The woman made a grab for the phone, took it and then began to calmly walk away up the avenue.
Jensen described the woman as mid-30s, wearing jeans, a gray jacket and tennis shoes. Jensen said he was dressed similarly, wearing jeans, a green jacket and tennis shoes.
LINK TO FULL STORY AT HUFFINGTON POST
Only in NYC: How Four Old Friends Opened a Gay Bar
Co-owner Pablo Raimondi paints the sign at the new bar that he and three old friends are opening
Late one warm August afternoon, the food, drink and people carnival that is the stretch of Ninth Avenue running down the center of Manhattan’s Hell’s Kitchen is up and running. Clinking plates and glasses join random chatter up and down the main drag.
One storefront space sits quiet, or so it appears. Behind a brown fabric curtain in the window, drills drill, hammers hit nails and four old friends, now business partners, put finishing touches on a new gay bar they’re saying is more downtown than up.
Atlas Social Club is set to open in mid-September. It’s gotten plenty of headlines due in part to co-owner Benjamin Maisani’s relationship with the CNN anchor Anderson Cooper. There’s also another unique New York story, rooted in a four way friendship, inspired by a city’s innate ability to drive and fulfill entrepreneurial spirits.
Some might say New York is the only city in the world where four friends, all from different points on earth, (Maisani is from France, Pablo Raimondi, Argentina, Asi Mazar, Israel and Josh Wood is from Illinois) might randomly meet, become close friends, and well over a decade later, form an ambitious business partnership based in a tough as nails business — nightlife.
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(Business Journals)
Ray Benson and Friends Open Rattle Inn
Joel Mozersky of One Eleven Design worked with the three to design a mid-century modern, Palm Desert-style space with large snakeskin booths and taxidermy on the walls. Rattle Inn consists of a main bar, “Ray’s Backstage” and a rooftop lounge
ABJ- How the Bastrop Blaze Could Impact Real Estate Values
Bastrop County land values could be cut in half as the real estate market faces dramatic ups and downs resulting from the wildfires that scorched almost 35,000 acres.
Dramatic value dips would be problematic for many landowners, but they could yield opportunities for investors looking to employ a patient buy-hold strategy while this patch of Texas recovers.
“We’re confident there will be some devaluation in the acreage charred by the fires,” said Cameron Boone, director of research at Lewis Realty Advisors Inc. Lewis Realty estimates the value of land directly impacted by wildfires could drop by up to 60 percent.
This might open the door for what some call vulture investors, who swoop in and offer pennies on the dollar for damaged properties, Boone said.
Link to other Austin Business Journal Stories
How Data Is Helping Riders To Make Sense Of Their Transit System
NEW YORK — New Yorkers love to complain about their subway system: It’s too slow, too expensive, too dirty. And, worst of all, it’s too difficult to understand why.
That part — the why — is gradually being answered as the Metropolitan Transportation Authority embraces and promotes the public dissemination of the massive amounts of data that the agency generates on everything from train delays to its budget.
A group that works to keep the MTA accountable is set to release findings on Tuesday from a long-term study titled “The MTA in the Age of Big Data,” which looks at the state of the agency’s efforts to make data accessible to the public.
Butt Of Jokes G Train Gets Some Serious Attention
by Cody Lyon, Mar 04, 2013
NEW YORK — It was once known as the venerable train to the 1939 New York World’s Fair and was a critical transit artery for workers at industrial plants churning out materials for World War II.
Today the G train is the object of jokes and rants each day, both for its small number of cars and its spotty service.
“It’s a wild card as far as when I’ll get to work or back home,” said freelance theater director and Greenpoint resident Josh Hecht, who takes the G train daily and says he leaves home an extra twenty minutes or so early to get to work appointments.
A number of factors are coming together to bring change to the long-neglected G train, which has seen ridership grow because of the popularity of neighborhoods served by the subway line, including fashionable Williamsburg, Greenpoint, Fort Green, Clinton Hill and Bedford-Stuyvesant in Brooklyn.
The Metropolitan Transportation Agency, in response to calls from state lawmakers and a new transit advocacy organization for improvements like increased frequency of trains and communication with riders on the line, has announced that it will do a so-called “full line review” of the line by June. That review could result in major upgrades to one of the city’s most neglected lines.
NYC Bike Share Delay Investigation (GOTHAM GAZETTE)
BY CODY LYON
NEW YORK — The latest delay of the city’s bike share program is being blamed on damage caused to equipment by the floodwaters of Superstorm Sandy.
The bike share will now launch in May 2013, with 5,500 bikes instead of 10,000 as initially planned, the city’s Department of Transportation said in a news release Friday. The bikes will now roll out first “in the densest and most geographically contiguous parts of the service area” of Manhattan and Brooklyn.
Citi Bike Share, as it is known, failed to launch this past summer as expected because of software glitches.
Oil Spill doesn’t stop Gulf Entrepreneurs (from UPSTART- bizJournals) SAVING GULF SEAFOOD- Wine Enthusiast -History of Southern Accents
Some Southerners work to erase accent as others drawl with pride
NEW YORK — On his first trip to New York, Mississippi Delta native Will McKee was invited to a small party for a performer he had been publicizing in the South. Most of the attendees were show business insiders from New York and Los Angeles.
Aware that it might draw unwanted attention, McKee tried to tone down his Southern accent.
But after a few bourbons, McKee, a marketing director in Birmingham, says he sounded more like a blend of Rhett Butler and Thurston Howell III from “Gilligan’s Island.”
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A man from Los Angeles took notice of McKee’s Southern roots.
“I just love how many syllables you can put in a little ol’ word like Bur-min-ha-am,” McKee recalled the man saying.
To that, McKee demonstrated how many syllables he needed to insult the man, using what is for most people a monosyllabic word that refers to a donkey.
The tense exchange was an example of a common clash between Southerners and non-Southerners over an accent that connotes a quaint gentility to some and a lack of sophistication to others.
New York gets Schooled (The Real Deal) Small Banks at Risk/ Trouble with TALF (GlobeSt.com)
New York Developers Incorporating Schools- From THE REAL DEAL
October 01, 2012
By Cody Lyon
In densely populated New York City, crowded neighborhood schools and a shortage of development sites are two sides of the same coin. So it’s not surprising that an increasing number of private developers are incorporating schools into their projects. And in many cases, they receive direct financial benefits to do so — from tax breaks to permission to construct larger buildings. There are also intangible benefits for developers and for the city, like winning support for projects from community opponents.
Small Banks at Greater Risk from CRE mortgages
- CODY LYON…globeSt.com (ALM)
NEW YORK CITY-Commercial mortgage defaults, which are projected to reach unprecedented levels in 2011, pose an even greater risk for smaller, regional lenders than the nations more high-profile large banks. So says Dr. Sam Chandan, president of Real Estate Econometrics.”If you look across the banking system, commercial mortgage loans represent about 14% of banks net loans and leases,” Chandan tells GlobeSt.com. However, he says, banks that have assets of $10 billion or more typically see a less than 10% exposure rate to commercial real estate. On the other hand,.
Trouble with TALF and the CMBS extension?
EXCERPT from globeSt.com story
…Pleas for increased liquidity have been coming in loud and clear from the commercial real estate community for several months now as banks, hard hit by the economic downturn, have virtually frozen lending. According to the Fed’s Senior Loan Officer Opinion Survey for April, 66% of domestic banks reported tightening commercial real estate lending standards in the first calendar quarter.
Dimming hopes of future relaxing of standards is a growing lack of faith by banks in the quality of commercial mortgage quality. Standard & Poor’s recently placed $100 billion of CMBS issued from 2004 to 2008 on negative watch. Fitch Ratings followed suit with $18 billion of CMBS issued between 2006 and 2008. “We have numbers showing that more than 90% of domestic banks think the commercial mortgage quality is going to deteriorate, with 26% of those saying it’s going to deteriorate substantially,” says Chandan.
Raising the cash flow alarm volume higher, the RER says that over the next few years, the commercial real estate industry faces a liquidity crisis of mammoth proportions. Of the $6.7 trillion of assets compromising the greater commercial real estate market, around $3.5 trillion is debt. Around $10.7 billion worth of CMBS loans are currently delinquent or have defaulted, according to data from the Commercial Mortgage Securities Assoc.
The RER says that because most real estate mortgages have maturities between five and 10 years, the average annual amount of maturing loans beginning in 2009 is most likely somewhere between $300 billion and $600 billion. Put another way, the maturing debt that the real estate sector will see between 2010 and 2012 will total around $1.4 trillion.