Capital chaos contiues today, and it may be getting more random. A state Supreme Court judge ordered the warring sides back to the state Senate for a working session this morning. Judge Joseph Teresi sided with Governor David Paterson in the now three-week long power struggle. Teresi ordered the Senate to convene for a special session at 10 a.m.
But Senate Republicans filed an appeal to stay the order, attempting to put this morning's session on hold. Democrats then took over the Senate chamber again, placing senators in two key leadership chairs to bolster their claim that they control the Senate. Dems say several pieces of legislation must be acted on by today or they will expire, and that billions in education, stimulus, housing and other federal money will be lost. Democratic conference leader John Sampson says the coup will end up costing New York taxpayers seven-point-two-billion dollars.
Tuesday, June 30, 2009
HTN: Beefing up the Borders
Border patrol agents are beefing up security, just in time for the Fourth of July weekend. New cameras will give agents a continuous view of the Niagara River all the way up through Youngstown. The lower Niagara has been under surveillance since 2003, and with the installation of the cameras on the upper section, the entire length of the river will be covered by the end of the summer.
HTN: Use that Gift Card Before the Gov't Gets It
If you leave a gift card laying around unused, you may find the state will grab its cash value. "The Wall Street Journal" is reporting several states are labeling gift cards that go unused for as little as two years "abandoned property" and are taking the money. Every year, about six-point-eight-billion dollars in gift card value is never redeemed.
HTN: First Niagara Pays Back Bailout
First Niagara bank has paid Uncle Sam back the bailout money it received. The company says it has completed a final transaction worth more than two-and-a-half million dollars, to buy back the warrant which could have allowed the Treasury Department to buy nearly a million shares of common stock. The bank is now free from the tight restrictions placed on institutions taking taxpayer money.
HTN: Studio Arena to Permanently Close
Studio Arena Theatre has changed its bankruptcy plans, and will go dark forever. The theater's assets will now be liquidated to satisfy debts and it will cease to exist, after failing to convince potrential donors that it could restructure and survive.
Monday, June 29, 2009
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