Mayor Michael Bloomberg says tough economic times mean the city will have to cut its police force. On the John Gambling show this morning, he said the police department and other city agencies had been asked to recommend cuts of 2 to 4 percent. But, he says, the NYPD can make due with a smaller staff.
Mayor Michael Bloomberg said “Raymond Kelly he has five or 6 thousand fewer cops that when we came into office in 2002. On the rate that we’re going first quarter, we’re going to set a new record in crime.”
A few hours later, Bloomberg spokesman Marc LaVorgna said that the administration does not plan to layoff uniformed officers. Bloomberg also said that the city must shrink the fire department. His current budget proposal would close 20 fire companies.
Nasdaq is teaming up with InterContinentalExchange to make a counteroffer of 11.3 billion dollars for the New York Stock Exchange’s parent company, NYSE EuroNext.
That’s over a billion dollars more than what Deutsche Boerse, the owner of the Frankfurt stock exchange, had offered to pay for it.
Shares of NYSE Euronext jumped more than 11 percent on the news today.
An eighteen-year-old high School student was struck in the head by an express train earlier this morning. Witnesses say the student stumbled across the platform at the 14th street-Union Square Station and was struck around 8 am. The victim was knocked unconscious and taken to Bellevue Hospital, where he is in extremely critical condition. Police are investigating.
If shopping for clothes is how you plan on spending your April fools day, you may be in luck—starting today, New York State will exempt clothing and shoes that cost less than 55 dollars from its four percent sales tax. The state used to exempt clothing and shoe purchases up to 110 dollars, but that tax break ended in October, to help meet the budget shortfall. The old sales tax exemption will be restored next April.
Alex Alper Columbia Radio News