35 Burst results for "Comptroller"
New York City Council Speaker Corey Johnson Won’t Run for Mayor
"Disclosure today from New York City Council speaker Corey Johnson for years, you know he's flirted with the idea of running for mayor and told everybody about it Well now. Johnson says it's only fair for him to come back and explain that he no longer plans to run. Even more revealing is reason why Tintin wins reporter Juliet Papa with the story tonight, Council Speaker Corey Johnson explained in a statement that a mayoral race is not the right path for him at this time. Considered a strong candidate in the Democratic field. Johnson also reveal that in the past few months he's been dealing with depression. He said he wanted to be open and honest about his struggles, as he has in the past with sobriety and his HIV status. He says he is coping with it getting help, and he plans to continue in his role as council speaker. The announcement certainly changes the political landscape for the next mayoral race. But it's too soon to say how the soul shakes out. Juliet, Papa 10 10 wins News. Yeah, No. This tonight He's getting a lot of well wishers from city leaders and supporters, including Comptroller Scott Stringer, who calls and courageous and a true public servant. Brooklyn borough president Eric Adams calls Johnson his candid battle with depression says it will inspire off others to not suffer in silence
Organization Seeks to Increase Voter Participation in America
"Cat. Calvin is the founder and executive director of Spread The Vote, a nonprofit organization that's working to increase voter turnout. Welcome to the program. Hi. Thanks for having me So One of the main things your organization is trying to do is close the gap between registered voters and voter turnout. How big of a gap are we talking about? Well about 83% of eligible voters in the country are registered. But we have an average turnout of 55% 15, maybe a little higher depending on the election, So there is a huge gap of tens of millions of voters who are registered. They've taken that first step but who have a hard time taking the many steps that it takes to actually get a ballot in So we hear a lot about voter registration drives. But why is that? Not enough? You know voter much drives a great their first step in every state except North Dakota. You have to be registered to vote. But the fact is, there are a lot of things that you have to do in between that So, for instance, one of the main things that spread the vote does is that we help people get ideas primarily in voter ID states. There are over 21 million eligible voters who don't have photo ID, but 36 states where it's required. So that means that you can look at states like Wisconsin, where there are over 300,000 registered voters who don't actually have the idea. They need to vote or 200,000, Virginia, etcetera. And so you know, that's just one big way that voter registration isn't actually looking at. What are all the other challenges you know, There's also transportation challenges. There's child care. We have a massive problem with discrimination against people with disabilities at the polls. You know, and then a huge, huge voter education gap. And so there's just a lot of things that we need to address between registration and turnout to make sure we're actually helping people explain a little bit more about the voter education gap that you see. Yeah. I mean, you know, it's interesting because I was listening to some of the questions that people had coming in. Also, I want to send bonus points to the Twitter who said that we should be doing rank choice voting because she's absolutely right. You know, the fact is that we don't We don't do a lot of civic education in schools anymore, And then we really don't do it after school, And so a lot of people just don't Really understand the voting process who they're voting for what we're voting for you. We do a tine of voter education and spread the vote. 77% of our clients have never voted before and had midterms. We had people in age ranging from 18 to 79 voting for the first time, and when they ask us questions or when we go, we get sort of thousands of questions that people just email us because we're an organization with vote in the name and it's Everything from. I don't know how I'm supposed to use this machine. I don't understand the difference between absentee voting and mail in voting in what's early voting. You know, I don't know what any of these positions are. Nobody knows what the comptroller is or what the board of supervisors is. You know, we get a lot of first time voters who we talk to you and they say I opened my ballot and I thought it was just going to be the president. But there were like 30 pages of things that I didn't know what I was supposed to do. I don't know what a ballot measure is. And so there's just a lot of sort of basic info. You know, there's also we get people who say I just open my mail in ballot and there's a bunch of pieces of paper here. I don't know what I'm supposed to do with that, you know, And so there's a lot of work that needs to be done. I'm just helping people understand what the process is. And how do you do it? How do you follow all these obstructions? And then when you look at, you know, people returning citizens the rules for returning citizens being able to vote or different everywhere, And there isn't a lot of information out about how people are supposed to know if they're eligible to vote again. How they become eligible. You know, people, Disabilities don't always know what all the requirements are and what accessibility requirements there are and what they're allowed to, You know, demand that they have it. They're polling place. And so there's just a lot of Really voting 101 information that people don't get. Well, we got this tweet from Benjamin, who says, I think the problem with voter apathy is that many people of you voting purely as a response to an agenda they did not set. It's important to stress to voters that they are just as much responsible for setting the agenda as they are for voting to set that agenda into motion, and I'm curious how much you hear from people about You know that that issue of you know? Look, I'm voting for something that I don't feel particularly a part off. Oh, absolutely. I mean, first of all, if we'd all been listening to Ralph Nader in the seventies, this would be a very different country because he basically was advocating for indivisible, right. He kept saying voting is just one day we have to be sure that we are keeping these politicians accountable that we're telling them what we want that we're making sure that they do it. And you know, one of the things that we try really hard to do now is remind people that voting is not the whole movement, but it's a big part of and that it is a thing. We have to do it once a year. Twice a year, however many times you vote in your community, but it is just one way. Of changing this democracy of setting the agenda, and so we have to still be taking to the streets. We have to still be calling into the police Commission meetings are going to City Council meetings. You know, we have to be finding and recruiting really amazing members of our community who we think would be great. You know, members of elected office and then supporting them. It's a lot more than voting that voting. Because we live in a democracy is a key part on I think when people understand I'm not just voting once a year and walking away and then someone else is making decisions, but that I'm helping to set those decisions and push those decisions and once a year voting is my way of grading how I think that those decisions were made and maybe hiring somebody new and firing someone excited, read, then it puts the power a lot more into the voters hands.
The Children in the Shadows: New York City’s Homeless Students
"As city schools launch remote learning this week, there's concern about the growing struggles of students who are homeless. W CBS reporter Kevin Rin kun has more one in 10 City. Students experienced homelessness at some point last year ahead of the new school year. They're getting help, but it's not enough. The city has distributed hundreds of thousands of ipads with data to students who need them. But at some city shelters, the ipads don't work because there's no WiFi and isn't sufficient cellular reception. Randy Levine is the policy director. It advocates for Children of New York. We need the city. Urgently. You work across agencies bring different agencies together and charge someone with fixing these problems immediately, Comptroller Scott Stringer sent a letter to the mayor calling on the city to designate what he's calling an inter agency director of students, Mayor de Blasio says they are focusing on those kids in need of counseling teaching to during re sources. We have initiatives in our shelters. To provide support. It's not perfect. It's a very tough situation made tougher by the pandemic, the school's chancellor says one way to help getting those students back in the classroom, where they conjugate the attention they deserved. Kevin Rinko. WCBS NEWS radio
New York City Comptroller Scott Stringer announces his 2021 Candidacy for Mayor
"And city Comptroller Scott Stringer officially threw his hat in the ring with a belief that we can And we must bring leadership back to City Hall and build the city for everyone. Today I am announcing my candidacy for mayor of the greatest city in the world. Stringer made the announcement in Inwood this
New York City Comptroller Stringer Announces He's Running For Mayor
"City Comptroller Scott Stringer has thrown his hat into the mayoral ring announcing his run for mayor this morning. In Inwood.
Police captain plans to sue NYPD for alleged discrimination and retaliation, reports say
"Captain plans to sue the department claiming that another captain repeatedly harassed her with questions about her sex life. And that she was targeted with an internal affairs probe after complaining about him, The post reports. Sharon Caroline Valley filed her notice of claim with New York City's comptroller's office on Thursday seeking $5 million.
"comptroller" Discussed on Consumer Finance Monitor
"So well for the comptroller. My right does Scott Yeah that is true and if you ask how the Payments Charter in the Fintech special purpose charter are different. The short answer is that they're not in May of two thousand nineteen, The New York Federal District Court denied the OC motion to dismiss a lawsuit. Filed by the New York Department of Financial Services to block the issuance of the Special Purpose National Bank Charter to Fintech. Companies. And in doing so the court found that the term business banking as used in the national. Bank act quote unambiguously requires receiving deposits as an aspect of the business. So here we have another proposed charter that is limited in scope, and once again, the proposed charter will not receive deposits. If. The New York, Federal District Court was correct in its analysis. And keep in mind. The balanced part is not believe that decision which the OCC has appealed was correctly decided. Then the payments charter would have the same issues. I I would ask that if you want to read more about that case that you search Fintech Charter at Consumer Finance Monitor Dot Com, and you can read a blog post that our colleague Jeremy Rosenbloom. That discusses the arguments advanced by the OCC and the appeal to the second circuit. As the OCC's brief points out deposit taking is not required for a national bank charter for example. Trust Bax? True. Scott that the charter. Legally technically may not be different from the FINTECH charter as proposed. However as described, it's a different flavor because the Payments Charter, the way acting comptroller talked about it. has a narrower scope than Fintech charter and does not include lending authority. So even though It, it's Very. Similar. In structure. The fact that lending authority appears to be off the table for this type of charter, it wouldn't raise the controversial issue of interest rates rotation under section eighty five, it seems to be the lightning Rod. Attracting a lot of at least consumer advocacy group concerns about the FINTECH Charter. But I think you're absolutely right. There still may be legal challenges to the charter because of the Federal District Courts Order and that is just going to have to be resolved on appeal the second circuit I agree before. This payments charter who take all. So Mindy would a new administration following the twenty twenty election derail the Sharm Allen fight in his elected in names different comptroller who doesn't support this approach that could derail this this charter effort. However, this it could be argued that the narrow payments charter is not a situation like a broader fintech charter were support for the Charter should break along party lines, a national payments. Charter acknowledges the role at technologies playing in reshaping the financial system, and clearly, it could be argued that it may make financial services more available to low and moderate income individuals..
Rhode Island Mistakenly Mails Tax Refund Checks Signed by Mickey Mouse and Walt Disney
"Refund check signed by Walt Disney and Mickey Mouse. Rhode Island Division of Taxation uses the signatures on test files, which were mistakenly printed on the Realtor checks and sent down Monday The checks were tax refunds for corporate sales in tax credits, mostly to businesses. Now the division. The tax division has avoided the cheques and will issue new ones within a week, signed by the state treasurer and comptroller. Instead, you might be seeing military Black Hawk helicopters flying above the skies of
NYPD uses unmarked van to arrest woman accused of damaging police cameras
"Be the NYPD warrant squad that took a woman into custody issue was walking with protesters threw Kips Bay Tuesday afternoon, prompting some in the crowd to believe she'd been abducted since those who grabbed her. We're not in uniform, and she was forced into an unmarked grave minivan, CBS two's Jessica Layton spoke with a protester near the scene, a 25th and second Avenue, trying to separate myself from the office on a protest when he threw his bike. I just put a little in my hands. The stuff between the men in plain clothes and the unmarked Van Laster and others say it looks like a kidnapping. But the NYPD says the woman they arrested 18 year old Nicky Stone was wanted for spray painting the lenses of six police cameras during separate criminal incidents in and around City Hall Park. Police also say this squad uses unmarked vehicles to find wanted suspects, adding the arresting officers were assaulted with rocks and bottles. City Comptroller Scott Stringer took to Twitter to demand answers, as did public advocate Germany, Williams and Council manner. Councilmember Carlina Rivera, The NYPD offered an explanation on Twitter. Hours later, around 9 p.m.
Texas Projects Nearly $5B Budget Shortfall Due to Pandemic
"The Corona virus pandemic has turned a multibillion dollar surplus into an estimated $4.6 billion budget shortfall in Texas that word today from state Comptroller Glenn Hager. Sam. You economists, Mike Davis says the numbers air no surprise, but they're still stunning. No unexpected at all. But just when you see them laid out like this, it just it just takes your breath away. Just how devastating this this mess has become. Is it the oil industry or is a combination of everything that's been hit in Texas TER In this pandemic, It's everything. The oil industry is then the drop in prices and hence, the drop in state revenues is big. But sales tax revenues are down by almost 10% to again. That's not surprising, but it's just How are we going to cope with this? We'll have figured out, but it's gonna be tough. Is it possible that these numbers could improve by the time lawmakers go backto Austin in January? Because the controller did say today, these numbers are very much in flux. Yeah, sure they could improve, But I think we have to remember that. You know, Hope is not a plan. It could turn out better than we want. But we absolutely can't plan on, you know a miracle vaccine or treatment. And then the economy just all springs back. We have to plan on to be realistic about this. Where do they start to tackle a multi $1,000,000,000 deficit if the's numbers remained relatively stable, going into early next year? Well, It's just a lot of fighting down in the trenches. Tio cut spending here and cut spending there. I mean, like any organization and remember the state spends well over $100 billion. You, Khun, There are places to cut things to dio. But you know, you gotta figure out what the raid places that got R and there's nothing for it. But the look at line by line does this bring up any talk about the potential of a state income tax? Or is that a nonstarter for too many? I don't know about the politics of that. I do know a bit about the economics and with the state in as much trouble as it is, we have to remember that those other states that are dependent upon an income tax have been losing to Texas for a very long time. So we do have an advantage huge advantage compared to places like California, which does have a substantial income tax, and I'm not sure now would be a good time to give up that advantage. And finally Mike, how much is in the States so called Rainy Day fund and do officials and lawmakers look at least tapping some of that to cover this deficit? You know, I don't have that number in front of me. I don't It's clearly not enough to make up this entire deficit. Even if you wanted to run that fund down to zero, But yeah, we do have a rainy day fund and it is there for a reason. And this is This isn't just a rainy day fund. This is Noah's flood. That's a Communist Mike Davis from SM. Use Cock School of
Federal officers’ actions against Portland protesters raise fears of civil rights violations
"Today, police in Portland, Oregon, declared the ongoing protests. They're a riot overnight. After the Portland Police Association building was set on fire and exits to government buildings were blocked. Police told protesters they would risk being arrested if they did not clear the streets. For more than 50 nights, hundreds have been gathering in the city's downtown to protest racial inequality and police brutality. Last week, federal agents dressed in camouflage and tactical gear took to the streets, unleashing tear gas meeting protesters bloody and pulling people in tow, Unmarked fans. The state of Oregon is now suing several federal agencies, citing civil rights violations. Portland's mayor, Ted Wheeler, called the actions and attack on democracy and has demanded that the Trump Administration remove the federal agents from his city. I asked him if he's heard back. The only response has been from the interim secretary of Homeland security, and he's basically told us to stuff it. The problem were experiencing here is we haven't already heightened situation. It's already tense. But after nearly five weeks of demonstrations were starting to see that small handful of people who are engaged in criminal activity. It was dissipating. It was coming down. We believed a week ago it would be over by this weekend. What happened instead is. The feds stepped in with a very heavy handed approach, and it blew the lid off the whole thing. Mayor Acting's Homeland Security Deputy secretary Ken Cuccinelli spoke to NPR Friday night and he said that you quote hold back. You're law enforcement. Preventing them from using certain non lethal tactics. He cited 49 straight days of violence and destruction as justification for deploying federal agents are those accurate descriptions of your actions and what's unfolding on the streets of your city? No Again. It's rhetoric. It's the kind of escalating rhetoric we've seen from Donald Trump and the White House and he sent in the troops. Despite the fact that the governor are two United States senators myself is mayor and others have said. We don't need them and we don't want them. My residents don't know who a federal officer is a local police officer or a county deputy or a state comptroller. They don't know and they don't care. It's all the same to them. On Friday night after the federal police started gassing people. About 300 people came to my house and wanted to know why I allowed our police officers to gas people, which, of course I didn't and they didn't But there's a distinction without a difference in the eyes of the public, and I believe the president and his people know that well. The police in your city has also been criticized you about that. There's no question that in nearly seven weeks of nightly demonstrations, the police have done many things right and they've done something's wrong as well. But the difference between local and federal law enforcement Is that we have clear policies. Clear directives. We have a complaint process. We haven't independent accountability and review system with the federal government. They won't even identify who they are. We don't know why they're here. We don't know the circumstances under which they're making arrests. We don't know what their policies are. What accountability mechanisms There are to the point where even the U. S attorney here in the state of Oregon. Is calling for an investigation wondering where was the probable cause to pull these people off the streets in unmarked cars. Cuccinelli also said that this is a tactic that the federal government intends to continue, not just in Portland. And this is a quote but in any of the facilities that we're responsible for around the country, are you in communication with other mayors about this? Yes, I am. And what I can tell you is that this is coordinated by the administration. It appears to be a blatant abuse of police authority by the Trump administration is best is I can tell this is an effort a last gasp effort. By a failed president with sagging polling data. Who's trying to look strong for his base? And so he's actually using the federal police function in Support of his
Will Coinbase Do a Token Offering When It Goes Public?
"Big News coming out of this week. Coin base is exploring going public. Tell us more about this news. Hell firm, it is and how and when they Mico public. I don't know if this would count as big news 'cause. There's a kind of a Genera in reporting. You say big startup is rumored to go Public Co.. Of course there are that supplant we own point base is going public. Insist like writing things saying Robin Hood is expected to go public maybe this year. You know I mean there's ten companies you could write that headline about and I. Mean You know I. Don't WanNa. Be ungracious by thought that story. It was Kinda thin because I don't think. There's anything to it I mean coin basis is been rumored to go public this year for a long time, and is he? They're going to happen late this year or next year, so I'm not really sure what the news is here. Yeah I guess. You did mention I'd when we talked about your book. The last thing you came on the show so I mean just in terms of. White Reuters reported how firm. was what they were reporting in terms of like any SEC registrations or anything more formal like that. Talk to a couple of sources close to the company, and initially Reuters was going to try to run with the you know saying that like Morgan. Stanley had was going to be the underwriter and that's clearly not true. And them, saying there's a direct listing I mean. I think that could be possible, but I think the most interesting thing is can be what serve IPO. Is it the? because I know it went talked to fritters from recently one of the cofounders Aucoin base. He hinted strongly this some sort of token issue, and so I think it could be America's First Combo ICO AN IPO which would be super cool, so that's what I'm waiting to hear about. You know in terms of whether they're going public. Yeah, of course, they are but I think that part of the story is what's most interesting to me and so for that. Do you have any more details on what that might look like? Would it be kind of? You know I for some reason. I don't get the feeling. It's going to be the kind of issues that we saw in two thousand seventeen bio. There are these will. Does that have been happening the initial exchange offerings any details on what form might take. Now they're playing cards close to the best on that and I know I think as base has got more corporate a you know. I think there's a push Gillette appeal everyone does, but I think a lot of the people at the company including the light coders who work there are real believers in Crypto, and it would be sort of lame if they just did A. A Garden Variety IPO, so but in terms that regulatory part. That's hard I mean. Are they going to do a cell tokens to accredited investors, and then the cell general shares to the public, or can they get the sec to bless some token, and which could happen because we've been watching coin basic, really been spending a lot of energy hiring Washington insiders. You saw just hired. Judge Paul Gruel who's fairly prominent, a former federal judge, and then they have their former child council Brian Brooks went to be the head of the Worcester called the office of the comptroller. The currency control. Pronounced, controller I learned that. We should notice been our I should know by now. But. That's you know they oversee all the banks, so you can obviously see them. Trying to put a political lobbying pushed onto kinda. Get a blessing for this and censor the most mainstream crypto company. You know who knows maybe they will get You know they will get a blessing to do a token offering, but I'm pretty sure whatever's going on. They're gonNA cold. It really tightly 'cause leaking. The stuff is just going to piss off the regulators and could imperil. Enlisting so this is speculation. I mean who knows maybe they'll chicken out. Just raise the cashier ordinary way. I think a lot of Crypto community. Hope to do something more ambitious.
"comptroller" Discussed on Bloomberg Radio New York
"The office of the comptroller of the currency regulates all national banks and it has a new head Brian Brooks has just been named acting comptroller as the nation faces a national crisis for the pandemic the economic downturn and civil unrest I asked Brian for his sense of how they will affect the bank's he is responsible for David you know it it is going to affect the banks and and let me just begin by saying that it's it's a crisis that we all have to take seriously and the most current part of the crisis is one of the most tragic things I think either you were I've ever experienced in our lives nobody could watch the video of the tragic events starting with the death of George Floyd in the just an incredible act of brutality that has sent a spark to it tinder box out there and my heart goes out to everybody who is affected it's one of the worst things I've ever seen in my whole life banks are going to be part of the solution here on my watch I I promise you that and clearly the downturn has affected them but they were the delivery system for rescue aid so stay tuned but we're going to help do you have any sense of whether some of that delivery system is in jeopardy and some of these neighborhoods that have been so badly affected with looting and rioting and things other banks in those areas are they being impair their ability to be a delivery system what you eat you know David one of the really tragic things and stories that don't get told often enough is in a lot of these neighborhoods there actually aren't banks and that's part of the problem is over the last twenty or thirty years many banks eliminated their branches in low income neighborhoods in inner cities and parts of parts of the country that we now call banking deserts and that's what has led to somebody under investment that I think has produced the anger and the lack of opportunity that are leading to these protests so again you know banks are or having their own issues and we're gonna help them manage through all of that but the real problem is kind of the opposite it's that there aren't enough bank branches there's not enough lending and investment in these communities and that's I think what's causing this massive eruption out there that you're seeing so so tell me about that because the media problem obviously of making sure that businesses stay out the banks they up and things like that but there's a longer term issue that you really identify that we're going to have to address I believe in this country talk to us about the community reinvestment act exactly what is that and what's the role of your office and that yeah so you know the the community reinvestment act was a really important law that was passed in nineteen seventy seven to address the problem of banks only serving their preferred customers which tended to be richer people and quite people land the end of the world as a whole and the community reinvestment said look banks have a special privilege in our system they have deposit insurance to prevent their depositors from losing money they have access to the payment system which the government has created so a lot of special benefits and the thinking was in return for those benefits they need to serve all their communities not just the rich people are not just the people in the fancy neighborhoods one of the things we've tried to do David just this year is to modernize and kind of re imagine the community reinvestment act for the twenty first century in ways that are designed specifically to help the kind of people who were expressing so much pain and anguish right now the most important thing about it David is that historically we only measured the bank's activities around in their branches and so the irony is as banks started closing branches in poor neighborhoods they no longer got measured for their activities there and the communities were sort of left behind we're trying to solve for that today we need to get their activities in a modern environment measured every where their customers live yeah it's such a great point so many parts of life is what you get is result of pens or what you're measuring if you're measuring the wrong thing you don't get the right result at the same time with the shut down and so much of the country that is affected the ability of businesses to repay loans and things you've been outspoken in the possible dangers even for the banking system from that yeah it did I'm I'm really very worried about this and I think this is a piece of the puzzle but doesn't get well told I think all of us take of human risk of the medical risk the health risk of code nineteen very very seriously but what we do in the world of policy is we have to balance risks and benefits and we have to understand the consequences of our choices when we do those balancing what worries me a lot is as we go into the third month in the fourth month of these broad shut down orders the consequences to people's lives become significant and what I worry about is when we talk about re opening the economy we're not really talking about money we're talking about people's lives now in the banking system what that means is businesses that borrowed money so that they could start a restaurant or start you know a shoe repair shop or a dry cleaner those businesses haven't generated revenue in three or four months in many of our cities that hurts the banks because the loans that were taken out to finance those businesses can't get repaid good news is the banks are big and healthy and they'll be okay what might not be okay or the small business owners in these communities they're trying to make their lives better their communities better to feed their families and the longer this goes on there will be a cascade of losses I have to deal with the losses to the banks that's my privilege and responsibility to deal with what I worry about is somebody needs to take responsibility for the lives that are being really ruined by by these long term shutdowns and to balance that against a against the cost benefits thanks to Brian Brooks the new acting comptroller of the currency you're listening to Bloomberg balance of power of Bloomberg radio coming up former U. S. ambassador to China Gary Locke is here to.
"comptroller" Discussed on Bloomberg Radio New York
"Of the comptroller of the currency regulates all national banks and it has a new head Brian Brooks has just been named acting comptroller as the nation faces a national crisis from the pandemic the economic downturn and civil unrest I asked Brian for his sense of how they will affect the bank's he is responsible for David you know it it is going to affect the banks and and let me just begin by saying that it's it's a crisis that we all have to take seriously and the most current part of the crisis is one of the most tragic things I think either you were I've ever experienced in our lives nobody could watch the video of the tragic events starting with the death of George Floyd in a just an incredible act of brutality that has sent a spark to a tinder box out there and my heart goes out to everybody who is affected it's one of the worst things I've ever seen in my whole life banks are going to be part of the solution here on my watch I I promise you that and clearly the downturn has affected them but they were the delivery system for rescue aid so stay tuned but we're going to help do you have any sense of whether some of that delivery system is in jeopardy and some of these neighborhoods that have been so badly affected with looting and rioting and things other banks in those areas are they being impaired their ability to be a delivery system what you eat you know David one of the really tragic things and stories that don't give told often enough is in a lot of these neighborhoods there actually aren't banks and that's part of the problem is over the last twenty or thirty years many banks eliminated their branches in low income neighborhoods in inner cities and parts of parts of the country that we now call banking deserts and that's what has led to somebody under investment that I think has produced the anger and the lack of opportunity that are leading to these protests so again you know banks are having their own issues and we're gonna help them managed through all of that but the real problem is kind of the opposite it's that there aren't enough bank branches there's not enough lending and investment in these communities and that's I think what's causing this massive eruption out there that you're seeing so so tell me about that is because the media problem obviously of making sure that businesses stay out the bank stay up and things like that but there's a longer term issue that you really identify that we're going to have to address I believe in this country talk to us about the community reinvestment act exactly what is that and what's the role of your office and that yeah so you know the the community reinvestment act was a really important law that was passed in nineteen seventy seven to address the problem of banks only serving their preferred customers which tended to be richer people and quite people then the end of the world as a whole and the commuter investments said look banks have a special privilege in our system they have deposit insurance to prevent their depositors from losing money they have access to the payment system which the government has created so that a lot of special benefits and the thinking was in return for those benefits they need to serve all their communities not just the rich people are not just the people in the fancy neighborhoods one of the things we've tried to do David just this year is to modernize and kind of re imagine the community reinvestment act for the twenty first century in ways that are designed specifically to help the kind of people who were expressing so much pain and anguish right now the most important thing about it a David is that historically we only measured the bank's activities around of their branches and so the irony is as banks started closing branches in poor neighborhoods they no longer got measured for their activities there and the communities were sort of left behind we're trying to solve for that today we need to get their activities in a modern environment measured every where their customers live yeah it's such a great point so many parts of life is what you get is result of pens or what you're measuring if you're measuring the wrong thing you don't get the right result at the same time with the shut down and so much of the country that is affected the ability of businesses to repay loans and things you've I have spoken in the possible dangers even for the banking system from that yeah it did I'm I'm really very worried about this and I think this is a piece of the puzzle but doesn't get well told I think all of us take for the human risk of the medical risk the health risk of covert nineteen very very seriously but what we do in the world of policy is we have to balance risks and benefits and we have to understand the consequences of our choices when we do those balancing what worries me a lot is as we go into the third month in the fourth month of these broad shut down orders the consequences to people's lives become significant and what I worry about is when we talk about re opening the economy we're not really talking about money we're talking about people's lives now in the banking system what that means is businesses that borrowed money so that they could start a restaurant or start you know a shoe repair shop or a dry cleaner those businesses haven't generated revenue in three or four months in many of our cities that hurts the banks because the loans that were taken out to finance those businesses can't get repaid good news is the banks are big and healthy and they'll be okay what might not be okay or the small business owners in these communities they're trying to make their lives better their communities better to feed their families and the longer this goes on there will be a cascade of losses I have to deal with the losses to the banks that's my privilege and responsibility to deal with what I worry about is somebody needs to take responsibility for the lives that are being really ruined by by these long term shut down some to balance that against a against the cost benefits thanks to Brian Brooks the new acting comptroller of the currency you're listening to Bloomberg balance of power of Bloomberg radio coming up former U. S. ambassador to China Gary Locke is here to.
Mr. T Encourages Chicagoans To Wear Face Masks
"I think you're too tough to wear a mask to prevent the spread of corona virus you may have some tougher or you may have some unintended or answer to somebody you really know who who don't wear masks yep that's Mister T. one time actor in movies and TV he's been asked by state comptroller Susana Mendoza to encourage people to wear masks to prevent the spread of the coronavirus outweigh a mainstay you wear a mask and everybody else in Chicago where a man then we'd be able to slow down the spray coronavirus is adamant does is tweet says she's always been a fan of Mr T. and then she encourages tough guys to wear
Dallas - Sales tax revenue in north Texas decreases during stay-home orders
"And the latest sales tax figures show the the cities cities across across North North Texas Texas are are already already starting starting to to see see the the impact impact of of covert covert nineteen nineteen the the Texas Texas state state comptroller's comptroller's office office has has released released its its latest latest monthly monthly figures figures and and some some North Texas cities are showing a double digit drop in sales tax revenues the latest report covers sales taxes collected in March when businesses across the state began shutting down to prevent the spread of covert nineteen sales tax revenues for the city of Dallas were down nine percent compared to the same month last year garland had an eleven percent drop and sales tax revenues in the skeet were down fifteen percent officials with the comptroller's office expect next month's report to show an even larger drop Stephen Pickering news radio ten eighty
Minorities, Lower-Income New Yorkers Hardest Hit by Virus
"New York's minority communities have been hit hardest by the coronavirus city comptroller Scott stringer's been looking at ways to better protect those communities and he's joining us now are in our news lines Mr stringer what are you recommending to help minorities in New York over and protect them from this pandemic well let's leverage large stock of vacant hotels and dormitories to house not only the homeless it also does with living in overcrowded conditions let's expand our sidewalks and parks and close streets so that we can give people the opportunity to walk give them at least have a limited state experience and we've got to create a bank of cleaning supplies you got to make sure people can sterilize the buildings in the apartment so there's so much that we can do the city answer to help implement the color is to simply invest ten million dollars in an advertising campaign to give people a bad habit they stay away from the virus well that strategy should have been implemented two months ago now you've got to do better than that all we need to go down and go be able to buy neighborhood to try to help our communities how bad a financial hit is the city taking from this pandemic can you even come up with a number at this point bye I've looked at this and I'm picky about this every day of the city's chief financial officer we estimate that we could lose six seven million dollars in revenue next year it could be even worse we've got that moved out wait you gotta save some dollars we never had an adequate we need based on the city council the mayor spent a lot of money but never thought the day like this was coming so this is going to be a very challenging budget but we'll get through it we need a wheel stimulus package coming out of Washington that's going to invest in cities around the country I urge that all hands on deck we if the officials have to work with our congressional delegation to make sure we get our fair share you know some of the proposals are silly they want to give money to smaller states that haven't had this coronavirus at the expense of the money that New York City needs would be at the center of the virus so when you click that it'll help the rest of the country but it's going to take
Hogan freezes budget, hiring in Md. state government
"But Hogan's not waiting on the fads to try to stop the bleeding in his state a day after Maryland comptroller Peter Franchot estimated the state could lose up to two point eight billion dollars for this fiscal year Hogan issued a freeze on all state spending and hiring freeze the Maryland department of budget and management will be determining options and making recommendations for budget cuts which will be required and all state agencies this will include cuts to so called mandated spending he says the state will also be spending much if not all of the one point two billion dollars in its rainy day
New York City Comptroller Scott Stringer Mourns Death of His Mother Due to COVID-19
"Arlene stringer Cuevas the mother of comptroller Scott stringer passed away this morning from complications due to corona virus stringer quit us was a former city councilwoman in the nineteen seventies Scott stringer called his loss incalculable and said his mother was a genuine trailblazer Arlene stringer Cuevas was eighty six years
'Confused and frustrated': Virus screenings jam US airports
"Down many Americans returning home to the U. S. and with the extra influx of arrivals also comes additional enhanced screenings new policies announced by vice president Mike pence new screenings targeting all passengers flying into the United States from the twenty six European countries and anyone returning from China or Iran JFK Newark particularly crowded last night with these extra screenings Catherine Rogers she flew from Paris to Chicago she talked to C. N. N. question the reason for waiting for almost five hours for a screening after she got off a plane we were given a questionnaire asking where we've been and if we felt all right there are three questions you know do you have a fever how you feel and then there was the infrared thermometer and that was it said it lasted just about four and a half hours waiting to be screened travelers posting photos of large crowds long lines at airports as they navigate these new policies wins news time eleven forty nine Suffolk County executive Steve Bellone issuing an executive order yesterday directed Jake's fifty eight casino in Islandia to temporarily close the casino portion closed yesterday at six PM the hotel on the main restaurant they are shuttering it today at twelve noon and with many schools closed even higher education some young people out thinking spring break will still go on it will not go on in Miami at least Miami beach shuttering their beaches beginning at five PM daily to stop college kids from partying and spreading coronavirus Miami beach also banning restaurants and night clubs are hosting more than two hundred and fifty people at a time wins news time coming up on eleven forty nine in New Orleans another pop popular party spot tightening up restrictions a Twitter video there police riding up and down Bourbon street telling people that under the order of the governor and the mayor they are to go back to their homes or hotels because they are jeopardizing public health the French Quarter Bourbon street now under a ban from a large gatherings police moving through telling everybody that they should go home wins news time eleven of fifty and we are going to go now live to New York City comptroller Scott M. stringer joining us live by phone Mr stringer thank you so much for joining us here on ten ten wins good to be on with you so now I understand that you are are fairly active in wanting the city to just shut it down what I I don't say this it could be I'm serious but rather this is a critical strategic on my part because I will ride to the conclusion that there are two ways to contain the virus one do the kind of massive testing that's necessary obviously the federal government has totally destroyed that possibility in the near term so let's go to the park to which is we need to be more aggressive in social distancing I believe that a temporary closure of bars and restaurants and places with a large gatherings makes total sense because we're seeing that that is a real ways that we can flatten the curve and perhaps containing the bypass I also think that it's time for the mayor to step up and shut the school down again as a public school parents I know how difficult it is but we have massive city resources that should be deployed to help the most vulnerable students and parents we have to make sure healthcare workers can do their critical jobs but this is not a time to be to waffle this is a time to be deliberate and affirmative and it sure New York is that everything is big dot sight so you you're not just saying the schools need to shut down you're saying restaurants bars jams all of those unfortunately any place that new Yorkers gather in math it is prudent to employed close those spaces because it's the only way we're going to create enough social distancing that could perhaps have an impact on flattening the virus we have got to be more aggressive it is something it was a decision I thought of the over the last few days I announced my opinion today I just think we have to be strategic and thoughtful but most importantly we have to be more aggressive and closing schools and closing bars and restaurants it is painful it is not easy but perhaps with the federal bailout package and with all the resources at our disposal we can get people from this economically and hopefully tackle this virus that continues to
"comptroller" Discussed on WTOP
"Ago Maryland comptroller Peter French show announced a statewide ban on several vaping flavors to include a disposable E. cigarettes will now he's announcing more ways he thinks the state could combat teen vaping or try to bring that to a screeching halt the so called you faxed task force assembled by Maryland controller Peter French came up with twelve recommendations for the state among them targeting online sales of vaping devices after he says kids of told them look we're getting this stuff off the internet well if they are we need to put a stop to that he says that could include a total ban on online sales expanding the state's clean indoor air quality act is also recommended so you can't vape where you're not allowed to smoke also on the list cracking down on a doll too by vaping products for kids Rancho says it will be between his office in the state legislature to implement the recommendations Mike Morello WTOP news state police in Virginia say they can hand out speeding tickets and much more quickly if they digitize the process and they want to charge to get a drivers a five dollar fee to pay for the upgrade instead of writing out tickets by hand a test under way in northern Virginia allows state troopers to scan a driver's license and registration into a computer and so far the average time spent issuing traffic tickets has been cut from twenty six minutes to ten minutes to make the change state wide the agency needs permission from the General Assembly to charge ticketed drivers a five dollar fee a bill to make that happen past the Virginia house but at a Senate Judiciary Committee hearing Republican Richard Stewart was one of several members with concerns you look at all of the assessments on somebody who gets a speeding ticket and we're constantly adding more sass much to them the plan was referred to the finance it Appropriations Committee in hopes that another funding source can be found Michelle bash WTOP news eleven fourteen navy federal and the NHL have teamed up to recognize the outstanding community service of hockey fans and military members by naming a stick tap for service champion maybe you know someone who embodies the spirit of giving mentor ship sacrifice and service if so helpless reward them with a trip to a Stanley Cup final game and a charitable donation do you know someone who always goes above and beyond helping others is it a coach a volunteer a service member military spouse or even you Jack Taylor here and I can think of a few people to nominate navy federal credit union needs your help to find these champions submit your entry between.
Former Wells Fargo CEO fined $17.5M for sales scandal
"Former Wells Fargo CEO John Stumpf has been barred from the banking industry for life federal regulators from the office of the comptroller of the currency reach the agreement with stomp who also agreed to pay a fine of seventeen and a half million dollars to settle allegations relating to its fake accounts
"comptroller" Discussed on CATS Roundtable
"This is the cats roundtable. Trunk Cats Matiz here Sunday Monday morning. It's the end of the year two days away from the beginning of the New Year. How are the finances in New York? Well with us this morning it's time onto Napoli the state controller and we're going to ask them good morning Control do not believe. How are you don? Well great to be with you during this holiday weekend. Can't can't believe as you said. Another New Year is upon us. People are wearing trolla. People are worried there was articles in in in the newspapers. There's last week and Crain's magazine on Friday that big Developers are are are pulling up stakes and moving as new developments elsewhere. Swear Carl ICAHN has moved their office to Miami. How long before New Yorkers feel the pain? Yeah it's it's yes Important question and a tough question. I think there are there are there are a few things operating here. I mean first of all we know. New York is a high tech state And we are a state where which has been very good to its citizens in terms of services education health care and so on and This somewhat certainty out there though now for for a couple of reasons obviously the economy particularly in New York City has been strong by historical standards. been this recovery has gone on longer than than any on record so there's some concern that the business cycle will go the other way uncertainty coming out of Washington in terms of some of the impact of some of those decisions. What they'll have on us the state budget you mentioned in state finances Cost overrun beyond expectation on Medicaid So now we're facing six billion dollar budget gap next year. And then I think for the Development Community There's been a reaction to the changes that happened earlier in twenty nineteen on on the rent laws and It's causing some different business decisions. So you know there's a lot going on in the mix that I think creates concern. Means we're going to have to look carefully to see whether or not some of what you're citing in terms of developers making different choices pulling back on some earlier plans whether that's a temporary situation. Is that permanent. If we don't and have continued Activity in terms of of of the real estate part of our economy. That's a that's an even bigger drain in terms of of tax revenue. So we're going to have to look at it carefully and You know if you add on top of it if the if the business cycle goes in the other direction the stock market goes the other way. Washington cuts back on some of our funding and we have continued cost overruns Medicaid. You could be talking about a real challenging situation for New York John. I don't WanNa it'd be cool meduium. 'cause I'm not but there are some real bright yellow cautionary signs out there the casinos that we opened up upstate New New York state is supposed to be giving us a lot of revenue. Has that worked out yet. Well the revenue's been coming in. You know in terms of the numbers that really has not come administration has had had been anticipated. And I think that was a you know a warning and a question that many of us verbalised when the whole issue is being debated. I think part part of the problem. There John is that New York was later to the game than other states. So by the time we had it all these other casinos you know the states around us were had already develop up there casino. So there's a lot of competition and arguably you know in terms of of the upstate Casinos we. We're competing against ourselves to a certain extent and and I think that's an important question to ask then in the context of the other debate. That's going on now. Which is you know to legalize realized Marijuana Party argument for that is that they'll be revenue right. They'll be fees collected from that license fees and taxes and so on Whether or not that happens you know we already have medical marijuana. But there's a move to expand that as you know I hope the discussion is You know on the merits of whether whether or not that should happen. Not because we think we'll get a get a windfall as far as as revenue because I think the model of the casinos is probably a more or accurate model. That would ever the proponents. Think we'RE GONNA get in terms of a win fall probably isn't going to be there so let's not decide to do that just because we think it's going to bring we get more money at a time where we're having other budget problems now. On mutual friend of former Governor David Paterson has been given assignment to bring down. The three additional casinos are suppose. Go in New York City that should bring in five hundred million dollars a piece to December twenty twenty twenty. Legislators passing that. Yeah well I mean if you look at the activity of the The gaming site out of Akwa document certainly a lot of interest in the in the boroughs on the other hand traditionally I remember from my days in the legislature. There was always a lot of resistance to having casinos right in New York City to a certain extent because we have all these casinos now in the area you know. It's it's almost like you know the genie's out of the bottle if we could put it that way and John because because of those other budget pressures You know we're facing a six billion dollar budget gap for next year out year budget gaps as well the Medicaid issue is one that has to be addressed best. If God forbid business cycle goes in the other direction you know I do think the legislature will be looking for other revenue sources rather than raising taxes his or Borrowing and. I hope they borrow their way out of the problems that we're going to be facing and more casino revenue could seem like And a reasonable avenue to pursue again. My question would only be. When do we reach a saturation point? Where we're just just competing against ourselves number one and number two as we pointed out in some of our audits In the recent past New York has not done an adequate job of diverting. Some of what's raised through the game activity into programs to help those who fall into The problem gambling addiction. It is a real problem. It destroys families. And you know especially if we're going to expand even further sports. Betting is the other issue that was talked about a lot. You know in terms of expanding that had even more You know we just got better. Make sure we have helped there for people that are are going to fall into the trap of being problem gamblers. CNBC NBC News reported. Yesterday by the year end The stock market equities worldwide have gone up seventeen trillion dollars. SOMMES right yeah. How is our pension fund doing in New York? Say Well we benefit from that You know looks like we're we're GONNA have a good year remember last this year. December was a very down month and and and although we value our fun a March thirty I bounce back from January to March in twenty nineteen and It wasn't an enough to totally over overcome All the losses that happened December this year is ending in a different way so You know my my challenge. Fiscal Year doesn't end till March thirty first. So I gotta go through another quarter but the pension fund already John Ninety six percent funded so having a a good year like this and and you know for your listeners. you know. I don't WanNa make it sound like all. We do is dependent on the stock market. Because it's not but the biggest percent. None of our portfolio is in public equities in the stocks that everybody's familiar with so when the markets are doing well the pension fund certainly benefits the challenge for us though is that that were also at a time where people are living a lot longer so our pension payouts are we having the project them for people living well to their nineties these days and the people who are retiring most recently higher pensions than the folks who retired ten or twenty years ago. So so although we're making more money you know. Our Our paths are also increasing John. Just for our New York State Fund. We're paying hang out now a billion dollars a month so I was really little over twelve billion a year and benefits that we're we're paying out but We're still ahead. You know looks like like if things stay on pace our fund will grow even larger than it was At the end last year. So I'm hoping that come. January February march the strength of the market will continue for that quarter as well. But we're ending the year in a very strong position. Lee were at a time. Thank you for coming on and happy New Year. Happy healthy new John. You're you're wonderful family and all your listeners. As well back you and God bless New York God bless America in double catch up new. You Bet. Thanks John this is the catch roundtable. We write back..
"comptroller" Discussed on 10 10 WINS
"The comptroller is claim online is not working that many upset about getting no response after calling three one one claiming the damage could have been mitigated senator James Sanders who hosted the meeting among them why if the problem started and one in the morning we started dressing it at one in the afternoon DP commissioner Vincent's happy and says they were there quickly but it makes it could have been done better in hindsight we should have had personal out here saying Hey the crew is working three quarters of a mile away but they are addressing the problem submit the leap intended weeds in Jamaica not due to count faces serious charges after he was involved in a fatal accident the NYPD officer driving a high horsepower Nissan GT R. Beverly lives nearby and heard the accident at five in the morning Greek in fires like the US creek and then a loud bang really loud bang the forty seven year old off duty cop was driving is Nisan along foster Avenue which is a divided road when a Mazda entered from east fifty fifth street the two collided propelling the Mazda into a utility pole the monsters driver took off leaving behind his two women passengers a twenty three year old was killed and a twenty two year old who is in stable condition Roger stern ten ten wins in east Flatbush Brooklyn please charge forty seven year old officer Ron Shaw with bacon manslaughter criminally negligent homicide reckless driving speed violation and driving while ability impaired by alcohol ten ten when sports next wins news time for forty four is your vehicle ready for the holiday road trip Reilly auto parts can help you save on your oil change right now get a fifteen dollar gift card after a mail in rebate when you buy five quarts of Castro.
"comptroller" Discussed on Max & Murphy on Politics
"That we lift every boat up and that's what i've tried to point now in the work we've done in the criminal justice space on fines and fees and incarceration incarceration these are all this is about being smart on criminal justice issues and and that's what i think is important nearly two years off but it's not that far away twenty twenty one useful campaign what do you think that will be about the last big race referendum on bloomberg well this be about this is going to be a very important election that's actually not in two years primary has been moved up and joined twenty twenty one and right after the the presidential race we're going to have race not just for mayor but for almost every municipal office and is it time to really think about what we we want our city to be so you gotta take stock of what the good and the bad has been and then where do we go from here you know i'm having house parties around the city and it's amazing to get people living room even in the heat of a presidential election and they love new york so much like i do and they just want to talk about new york and everyone has an opinion and i think it's very and that is what i spend a lot of my free time doing more of the biggest issues you hear about you know it's we talked about today it's an unaffordable city morning about my kids education i'd like to see more results given the amount of money we're spending in city government and i wanna feel that there is that we have the best people in these offices doing the job for the people and so i'll continue report report back to you on what people are saying but i think a campaign in twenty one is going to be issue-oriented it's going to be some great people running for many any different offices so we're really going to have a rich debate of the future of the city lastly for me at least and maybe jared has more on the city just passed by referendum ranked choice voting do you have a sense of how that will affect the mayoral race that you're obviously very much expected to be a participant in is that something you know of course everybody's everybody's armchair served starting to get it out how do you think that's going to impact that campaign will i i don't think i have an armchair gamed out politically but i can't doodo oh so this is what i think it passed overwhelmingly seventy seven percent it's now in our city charter and my sense in the reason i support it is because it really does force candidates to go everywhere in every community now for me as someone who has been throughout the city as just it's in my DNA so it's not a campaign strategy i can't help myself so it's going to be good for candidates to be in every community eighty to be in every borough and to not try to game the system but really say hey i just gotta make my case to everybody and that's what rank tour is voting really is about and i think it will boost turnout and i think the runoff was just too expensive with low voting turnout and we've seen that people have all different from background benefit from rank choice so i'm optimistic i think the board of elections have some get on it they can't screw this up like they have everything else and and and we have to start getting stuck getting.
"comptroller" Discussed on Max & Murphy on Politics
"Gazette from charlotte stringer thank you so much for having us to your offices how're you doing good thanks for having me on the show thanks for joining us so what's the latest i mean we're gonna get into a bunch of stuff but what's what's been the most recent focus for you you put out an MD report anything else you wanna highlight look a lot of the work of this office is about making sure short that we can have an affordable city there's so many people that i grew up with back in the day growing up in washington heights when the city was on the edge of bankruptcy with two thousand murders a year my eight train was literally considered a rolling crime scene my mother said we have to sit with the conductor and there were some real issues back then and we always struck me growing up with the pioneers in our neighborhood and now enabled around city that stayed and build this city and made the places today and they're the ones that are being pushed out they're the ones who can't make it here because the city has become unfo- unaffordable for the people who build our city and adding to that is that new immigrants and people from all of the world that wanted to come to the city they've been blocked lock because the entrance fee is now a two million dollar conduct and so a lot of the work i do every day is figuring out policy to create opportunities for more affordability affordability for more economic opportunity that certainly true in our housing initiatives but it's also true in terms of how we think about education and and how we're able to give relief to struggling new yorker so we spent a lot of time this year developing our NYC under three proposal which would create the largest subsidized child care program in the nation so that parents who make less than thirty thousand dollars a year could have subsidized childcare meaning they could get back into the workforce we would ramp that up for people who make fifty thousand dollars we'd have a fifty percent subsidy and it would go up to one hundred thousand that's the kind of work we think about childcare desert's high cost of living and so that has been really the twenty nineteen work for the most most part why does that why is that the controller's office focused i mean how does that fit into your you know city charter mandated responsibilities connect connect go three words three words chief financial officer and i have to think about the economy and how it works for everybody so through our audience through our investigations gatien's and through through our policy initiatives we have to think about the city both short term and also the economic implication of doing nothing in the long term speaking broadly description of the landscape in the city the challenges people face we could have gone back in time time and played that in two thousand seventeen two thousand thirteen people describing what face the city do you think that landscape has changed changed at all since then for better for worse in different ways is the affordability challenge any different than it was six or seven years ago well can you tell you you're talking about a six year landscape so i wouldn't call that a landscape i would just say it's six years ago we've had many of the same issues that started at the beginning getting of my term in this administration's term as we do today obviously there's been improvement in some areas and less improvement in other areas but when you have a homeless crisis where tonight sixty thousand people will sleep in shelter half the children and now we're spending three point two billion dollars managing their crisis says were six years ago we had the same amount of people in homeless shelters but we were spending one point four billion dollars to manage the crisis seems to to meet that this is a broken system we just came out with a very compelling report that analyzes why we're seeing a spike in homelessness and what what we now show that over the last few years forty one percent of the population homeless shelters are domestic violence survivors women and children in the shelter system and they can't get out so where's the strategy where's the programmatic response to says something that is staring this administration right in the face and my job is winning out listening in that thinking is to show not just the state of play but what's the roadmap to actually make fundamental change and that's we've tried to do in the last two years in terms of some of that i mean we we can easily say in some ways the city continues to be less and less affordable as you indicated the the current mayor has thrown a lot of resources source of the problem as you say some of it probably poorly managed misplaced perhaps by you know certainly hundreds of thousands of units of affordable housing coming either online line being preserved would you say affordable housing affordable for whom right so i mean that's the question right is is the issue of whether resources are being allocated properly so that's something that you're looking at all the time we've had a very flush russia konami we've had big city budget surpluses even there's been some years when i've tried to look and say look there's some trouble on the horizon we've just had i i couldn't really do that because we were very flush but the answer to being financially tap a lot of money was not simply throw oh money against the wall and see if we can fix a problem without any accountability and when the housing program went in the wrong direction i said let's do better editor and actually build housing for the people who need it the most because thirty percent of the people who live who live in shelters actually have jobs i've seen it myself just like the the rest of us that get up in the morning they come back to the shelter and they can't get out and that's because we're not building the low income housing that we've always built in the city and i've i've said over the last many years that we need a new progressive housing proposal that passed to build housing for the people who need it the most meaning people who make under thirty thousand dollars a year need housing now they're cooks the taxi drivers many of the people who need just housing take care of our kids and our parents and yet they have nowhere to go we know this and yet we have to change the direction of the city to meet the needs of people who are struggling if we're going to be a progressive at a city that has managed very well you mentioned mentioned looking for clouds horizon terms of the city's budget outlook and curious cedo we have november modification coming you mentioned and an earlier report this year some increasing pessimism in the city in the third quarter and the business sector speaking short-term over the next year or two and do you see problems coming in terms of i have said for the last couple of years that we should be very cautious we're not going to see the kind of surpluses surpluses we we've been used to i do think the economy is tightening and we all know in the city there always seems to be some episodic tzadek moment that requires the additional dollars to get us through a crisis whether it's a terrorist attack whether it's hurricane sandy so what i've said to the mayor and the city council is look you've got a lot of money sitting there and there's a lot of member items in pet projects but you've got to put money aside for rainy day we used to have secured eighteen percent of spend when now down to ten percent of spend may be eleven percent i do hope in the last two budgets before the mayor leaves office that he will recognize that surplus is critical because whatever comes our way in attorney economy especially the unpredictable situation in washington and trump the international markets that continue to make waves whether it's brexit or something in another country china we have to be prepared and we do not have enough money being saved and i've erg argued for that for many years are we has the city budget grown to appoint and scheduled to grow i guess at something like another four percent fiscally or something something along those lines are we in a position where even if those budget cushions and reserves are at the level you want okay that's there for an emergency but are we at a at a point where this budget has grown so much that it's inevitable that sometime in the next half a decade or so there's going to be.
"comptroller" Discussed on WMAL 630AM
"M A L, A Cumulus station. L news eleven thirty. I'm Heather predicts the former archbishop of Washington is given the most serious penalty that can be imposed upon a cleric former cardinal Theodore McCarrick has been defrocked by the pope it comes after he was found guilty of soliciting sex from minors and adults while hearing confession correspondent John Allen. We should note that this comes just a couple of days before a keenly anticipated summit of presidents of national bishops conferences from all over the world is going to begin here in Rome to try to get on top of the clerical sexual abuse scandals the archdiocese of Washington where McCarrick served as archbishop from two thousand one to two thousand six says in a statement, the penalty means McCarrick will not be allowed to do any priestly ministry and underscores the gravity of his actions. The hold up that stopped Virginia from processing individual income. Tax returns is over governor Ralph north and sign legislation yesterday, the conforms Virginia, it's tax laws to the fed. Federal tax cuts and jobs act. The state can now start processing twenty eighteen individual income tax returns, but don't expect to get your refund quickly. The state tax Commissioner says they already have a significant backlog in other tax news, you can say big if you buy energy star appliances this weekend in Maryland for the president's day weekend. Saturday Sunday Monday, we are not going to charge. The six percent sales tax on those item comptroller, Peter Francesco, so many questions remain after police say a man opened fire at a manufacturing business in Illinois yesterday after he was fired killing five people and injuring others. What is not clear is whether his victims were targeted or whether they were random it's also not clear whether he started shooting right away or maybe went back to his car.
"comptroller" Discussed on 710 WOR
"Comptroller claims the city housing authority has purposely got in the way of a year long audit of their agency, the same type of problems are taking place again this year at one public housing building up in the Bronx the gas has not worked since August no-one Laden for. Seven ten w o war state health officials say they've confirmed a fifteenth case of the measles in ocean county, they say the latest case of the virus is connected to the outbreak that began back in October. The state health department is also warning people that they may have been exposed to the measles if they were in Passaic county last week a person with the virus was at the Passaic county youth drop in centre juniors kosher deli and Rite Aid in Passaic between November seventeenth and November eighteenth Senator Amy klobuchar responding to President Trump for his accusations that the Democrats are responsible for the migrant caravans on ABC's this week. The Minnesota democrat said President Trump is in control of the White House Republicans control the house and Senate still at this point. They should be taking the blame. My mom taught second grade until she was seventy years old. And she always told me if you do something wrong. You don't tell the truth, you, take responsibility for it. You don't blame it on the other kid. She said Trump should have been working with the countries in Central America earlier on. And they could have reached a point where this didn't happen clue char also said there needs to be comprehensive immigration reform. The campfire in northern California is now fully contained Cal fire reports the blaze in boot county burned through more than one hundred fifty three thousand acres since igniting earlier this month. This has been the deadliest wildfire in the state's history. Eighty-five people have died and refine their fighters were injured battling the blaze nearly nineteen thousand buildings were destroyed. The cause of what started the blaze remains under investigation. The family of the victim who was shot and killed at the river chase Galleria mall in Alabama is hiring a national civil rights attorney. The family has retained Benjamin Crump to represent them. In the case of twenty one year old Mandic, EJ FitzGerald Bradford junior. Bradford was killed on thanksgiving night during an incident that broke out.
"comptroller" Discussed on New Jersey 101.5
"W HD. New Jersey's most listened to station New Jersey one at one point five news starts now. Still o'clock. I'm jen. Russillo. Topping our report this hour, a career investigator says he was made the scapegoat for controversial amnesty program that allowed dozens of welfare cheats in Lakewood to repay just a fraction of what they stole the prosecutors and the state comptroller promise the public that fraudsters will pay it. All back, a whistle blower lawsuit. Filed by Andrew polo who spent four years investigating Medicaid fraud, by members of liquids orthodox Jewish. Community reveals details that contradict authorities told the public the comptroller this month admitted that the office cuts cut deals that cost the state two point six million dollars. And blamed a rogue employees you but pool says top administrators at the comptroller's, Medicaid fraud division, not only knew about the deal making. But endorsed the plan and signed off on every individual deal. Governor Murphy is calling on the legislature to pass bills to close gun trafficking. Loopholes. More more closely regulate the sale of ammo and give grants to cities. To implement violence prevention programs. He says it's terrible. We have to keep talking about shooting tragedies at one a few days ago at a Pittsburgh synagogue were hopeless that doesn't mean we're any less resolved. That means we're gonna do everything literally within our power, including the pressure on congress. Murphy awesome was lawmakers to pass legislation that would encourage the development of smart gun technology, Pennsylvania's governor. And Pittsburgh's mayor bolts say they will not join President Trump during his scheduled trip to Pittsburgh today. Trump faces this uneasy welcome in the English committed community of squirrel hill, that's home of the tree of life synagogue, where eleven people were gunned down during Sabbath services. Authorities are looking for a thirty nine year old woman who allegedly threw bleach and a manned space during an argument in Newark last week a warrant has been issued for Karen Oliver's arrest. The man was treated and released from a hospital. The.
"comptroller" Discussed on Outliers
"Is called comptroller and it basically tracks all of our startup portfolio including valuations how much we own all the information is basically built into a product so annette high level what we're doing is we're taking this industry that was very old school basically services business adventure capital and we're trying to product is it so we kind of build parts of venture capital as software as we go along really interesting some a can you know can you do a deep dive in what you're just saying in terms of you know building a bottle of injure capital business you know as as software you did illustrate it with an example but if you were to look at an overall view and they you know where does this stand in this whole man versus machine climate debate you know let let's get deeper into this and also gives us a science fiction view off of things that you dream about yeah i mean like a scifi extreme of venture capital is you never have to talk to anyone about the company you're working on a this hour them can automatically figure out what you're working on whether it's going to be useful an invest automatically right like that's that's one example of taking it to the extreme and really be no people required venture firm just need money right that's one extreme so we have to contrast that with wear venture is now in is still at a very early stage in that cycle so you still have to talk to people operatings process involved in venture is still very manual so in our like i wouldn't necessarily say even trying to get to a point where everything is automated we're just trying to figure out which pieces of venture weakened linemates so the example i was talking about earlier is most people would call the back office operations of venture firms that's an example where we think we can automate or use software to solve a lot of those problems and so i think what we're doing we're just taking piece by piece instead of just trying to go from the other end and try to automate it from the beginning it is it a data science view of things because i remember you you just talked about you know what eighteen hundred startups and i'm sure that's why a lot of insights and data so how do you approach the whole data science decision making you know with algorithms in software right aware that jenny yeah so yeah you're absolutely right that we have lots of information about startups probably the largest like curated source about venture financing at least so when when it comes to automated investing i think we're not quite we're not thinking about that just yet like we're not we don't have all the pieces and i don't think anyone else does either to get there but where we can use that data for is to help our investors so we help.
"comptroller" Discussed on WCBS Newsradio 880
"You as well things are it's not a bad morning it's just not pretty we've got lots of clouds so mostly cloudy skies cool conditions as we head into the afternoon we will get some peaks of sunshine our high today seventy two degrees for tonight it's partly cloudy sixty two degrees in the city fifties as we head into the suburbs tonight and then tomorrow is a warmer and sunnier day partly to mostly sunny skies eighty two degrees that's the forecast high for friday although we do have a chance of showers and thunderstorms overnight so that's friday into today and then saturday mostly cloudy highs in the mid and upper seventies with another chance to see some rain right now at sixty three and cloudy in midtown i'm elise venture wcbs weather center thank you we lease wcbs news time ten ten after several elevator accidents over the past few years the state controller's office is checking up on elevator inspectors and what they've found is not encouraging our mike sugarman with the story nervous harding in new york city elevator should be concerned and that's a guy who should know my name is ken savant there's am another director in the office of the new york state comptroller comptroller's office did an audit of elevator inspections in the city and what they found is a bit nerve racking inspections went properly carried out some inspectors were completing their reports before they have actually inspected the elevators the department of buildings has only forty eight inspectors on staff for seventy one thousand elevators so they use private inspectors all you can save the we're not doing the job they should have been doing in one sample of twelve elevators inspectors overlook problems in eleven some got fired afterwards but the audit suggests forcing private firms to live up to city standards.
"comptroller" Discussed on Bloomberg Radio New York
"That role and repeal it it's just you know it takes a long time to change regulations and even learn it hands coming from the private sector are not necessarily able to do that as quickly as the trump administration perhaps would have liked and you did a deep dive on this first story on the terminal run through and you you name names and name agency so name some of the names here and some of the agency's ah that the these people have been appointed to we had so i mean we've got a i like i said it's across across the federal government so you know there is a former mining executive who is now in charge of of mine safety at the labor department edit epa there is a former chemical industry toxicologist she was an executive at american chemistry canceling and she's now writing chemical safety rules for epa in a way so far that seems to dovetail with what her previous employer would like to see an end over frankly at the office of the comptroller of the currency either the new head there is is a career banker whose former company was actually cited by the office and he told reporters yesterday that he's experience being forced feeling pressured to sign a settlement agreement years ago now colors his approach to enforcement he's going to make sure he said that every banker has its chance to prove his innocence now i understand that you do cover the regulations and you follow that trail but i'm curious if you've gotten any indication that there might be concerned that has the midterms are coming up folks voters specifically might be worried about this or is this even making a ripple out there that's a surprising that's an interesting question because i i feel like this is not penetrating far beyond the beltway inside.
"comptroller" Discussed on The Ken Coleman Show
"In be doing something else the cpa versus comptroller curious how different those rolls are and then second quick question is why jit initially get in to be in a cpa what drove into it i played grew up corral college not really knowing what i wanted to do but i knew that i like numbers that i like the environment all i can pretty much do anything of business is always i if i have a cpa still seemed kind of sort of my career uh at the fall really i just have taken live forever it's taken me okay all right so uh you love business though seems like they did in the aegis realize you were good with numbers any kind of like him but it's not about just number seems like to me tell me this is true or false your good with numbers and you're like numbers but you're really would love numbers if the numbers were very strategic towards an outcome that you really like to see exactly i think that's the starting point to a really big clue for you do you love the company that you're with i love to people that i work with i think my boss at our great may really train pave the way for me to pursue i think the that drawing a growing pretty hard to find a lot of companies pike's ah let's just for a moment briefly let's just consider if you're doing something different in your current company and what i mean by different is specifically different towards what we're talking about here were maybe you were in some type of a business solution role where your knowledge and skills arale numbers made it exciting for you if that position existed in your current company would you feel like you might be pretty fulfilled yeah i think i might is there anything else now we got your thinking where you go vis role here in this particular space now you've kinda described the role but what about the space the industry's earn industry that appeals to you or a a service or a product that you have a tremendous connection to from a value or interest standpoint staruselcka.
"comptroller" Discussed on Psychedelic Salon
"This is always a surprise to the guys at the pentagon when we argue with them about how much they spend because they spend a lot of money and they thought you were on our team sometimes i mean sort of abdic's with nice to have an army and keep the canadians on their side of the border um but the on that you know we don't necessarily need to spend all that much money uh my brother by the way is the comptroller of the pentagon uh is this guy as their budgets but the issues as we you can have a sustainable leftright coalition on civil liberties who do a lot of the conservative groups in the aclu work together against a national id card against invasions of privacy against the secrecy act the secret evidence law rather secretive a secret evidence law was uh we arrest you and we put you in jail we tell you there's evidence against you and you say i'd like see that evidence and they say it's a secret uh that law exist today passed under the clinton administration um it's only used against aliens can't be used against citizens noncitizens living here that can be used against you people spend years in jail for what turns out to be nothing because of secret evidence abbott there is a very good leftright coalition trying to fight that and we got both republican and democrat votes against it back when it when it passed on a leftright coalition what works and what's sustainable meaning not a oneoff deal is when everybody involved is acting on the basis of principle people tend to think of bipartisanship.
"comptroller" Discussed on WGN Radio
"For all their preoccupied with lots of things going on i don't know of abc is going to let you come back because you enjoyed seeing the whole time thank you so much anytime you want to come back at me this we call this riding sidecar tonight we had comptroller mendoza mendoza roadside guard a night the whole three hours thank you so you're invited the doors open any tirado again go work out with you at the dog absolutely arent i haven instead he said he was listening god bless him for are coming to do our length threats and jokes and make us laughing what why were crying elsewhere can do pervious ahead that's what i do and i'm there i as you tells give us was good for me she ditches against this line of those earlier she has given says is rich in iron and long calories i've also heard that exactly and peers and antiinflammatory i think if you have one and i think someone said that the shot of vodka is like a an hour of meditation so talk itself we if he can just bounce it all out while you're driving no follow comfortably mendoza on twitter what's your twitter handle susannah mendoza ten s u s a n a it's like susan but with an a at the end susannah mendoza one zero and joe what's your would you want people afoul where joe kilgallen care l gallon hidden gallon geico gallardo iphone 7 thank you so much abrines tiller tonight nick d is of nexus chagas very own seven twenty wgn chicago and wgnradiocom if you're an amazon echo user just say play wgn radio onto in here with you news is big father keep rowdy its cloudy and 55 at o'hare hurricane erma hit puerto rico lesson i would flood raids and powerful winds wgn meteorologist tom skilling tells through cultural four there may be next we have to hurricane models that are taking the center of the storm in miami uh at somewhere between seven a m sunday morning them uh one o'clock sunday afternoon and there'd be the attendant horrors ahead of them are must winds were clocking at around one hundred eighty miles an hour ride now remember is predicted to come on short in florida as a categoryfour storm there have i've.