MICHAEL BLOOMBERG

Republicans and Democrats working on gun control

Lawmakers from both sides of the aisle are calling for new gun-control legislation in the wake of the shootings in Tucson, Arizona last Saturday that left six people dead and 15 injured, including U.S. Rep. Gabrielle Giffords, D-AZ, who remains in critical condition, as do five other victims.

Tourists flocking to New York City

New York City attracted almost 49-million tourists last year, an all-time record, despite the ongoing effects of the recession, according to the city’s mayor Michael Bloomberg.
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Upward pressure on wages to follow: BNA Index

6,000 New York City teachers to be axed

New York City could axe as many as 6,000 teachers working in its public schools and slash its budget by $350 million as part of belt tightening, an employment consultancy said in a release on Monday. Education experts have warned that teacher layoffs in New York City, which has not laid off teachers since 1976, will impact schools adversely by causing increase in the class sizes.
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NYC's waterfront project gets good response

NYC's biggest 'affordable' housing project in 35 years attracts numerous real estate powerhouses, who will participate in the first phase of the bidding process, a recent Reuters report said.
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More billionaires pledge fortunes to charity

More than 30 U.S. billionaires pledged on Wednesday to give away at least 50 percent of their wealth to charity as part of a campaign by investor Warren Buffett and Microsoft founder Bill Gates.
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Geithner aims to calm Wall Street on rules

Treasury Secretary Timothy Geithner on Monday promised not to swamp Wall Street with red tape and vowed to move quickly to put in place new rules for the financial marketplace to dispel uncertainty.
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Geithner: must move fast on new regulations

The Obama administration intends to quickly put new rules for the financial marketplace into action but won't layer new rules on top of old, U.S. Treasury Secretary assured Wall Street on Monday.
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FBI probing AT&T iPad security breach

The Federal Bureau of Investigation has opened a probe into a security breach of Apple Inc's iPad that exposed personal information of AT&T Inc customers.
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Deal with owners averts strike by New York doormen

Uniformed doormen and apartment building workers reached a deal with New York building owners on Wednesday, narrowly averting a strike that would have left residents running elevators, disposing of trash and doing other chores themselves.
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New York's Ground Zero workers reach deal on claims

Thousands of workers who suffered health problems after the September 11 attacks in 2001 have reached a settlement worth up to $657.5 million with an insurer representing the city of New York, city officials and lawyers said on Thursday.
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Macquarie in push to expand U.S. presence: report

Macquarie Group Ltd, Australia's largest investment bank, wants to add more bankers in the United States to advise energy, industrial and technology companies, Bloomberg reported on Wednesday, citing an interview with a top company executive.
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U.S. starts clean-up after record blizzards

The U.S. Northeast began to clean up after two blizzards in a week brought the region to a standstill with record snowfalls, leaving thousands without power and creating a multimillion-dollar mess.
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NYC may lay off 19,000 workers if state cuts aid

New York City will have to lay off more than 10,000 public workers, in addition to 8,500 teachers, if the state legislature approves the $1.3 billion of cuts the governor proposed in his deficit-closing budget, Mayor Michael Bloomberg said on Monday.
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NY Mayor Bloomberg to promote immigration reform

New York City Mayor Michael Bloomberg pledged on Friday to promote a more open U.S. immigration policy during his third term, much as he made a campaign against illegal guns a hallmark of his second term.
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NYC urges ban on shale gas drilling in watershed

New York City urged New York state on Wednesday to ban natural gas drilling in its watershed, adding unprecedented support to critics who consider the chemicals used to mine for shale gas as poisonous to drinking water.

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