How Irrational Fear Is Driving L.I.’s Housing Crisis Over the Brink
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York By John KominickiLong Islanders have vehemently opposed apartment construction over the years, fearing rental properties would increase traffic, crowd schools, raise taxes and recreate the urban blight many moved here to avoid.I know that’s not exactly a news flash, but stick with me.Forget that most of those fears were misplaced and, in some cases, just plain irrational. Renters, for example, actually pay higher per-foot taxes than home owners, and the record shows they produce fewer school-aged children. They also own fewer cars per household, which is understandable given how hard it is to find a parking space at an apartment complex.“Our young people continue to leave the region in droves, seeking affordable places to live elsewhere.”No matter. Nobody wanted apartments in their towns or villages and, thanks to local zoning and planning rules, almost nobody got them. As a result, the number of approved rental properties on Long Island flat-lined between 1980 and 2000, leaving developers either to fold their tents or sell out their interest in the stalled projects.For those who sold, the buyer was often AvalonBay, a national real estate investment trust that specializes in upscale apartments and has been developing on Long Island—or trying to—for 25 years. It’s managed to complete nine projects in that time, with a tenth set to open later this year. Some have been a dozen years in the making.A recent Long Island Index report called “The Long Campaign” chronicles Avalon’s many challenges and compares the process to running a political campaign: “Time-consuming, expensive and uncertain.”But let’s focus on the “expensive.”Beyond the high cost of land and construction, developers like Avalon can face years of legal and administrative haggling—the firm’s Rockville Centre development required a decade-long court fight—as well as other carrying costs. Community “give backs” can run the tab even higher. As part of Avalon’s negotiations in Garden City, for example, the developer agreed to donate land, make a $1 million contribution to local schools and build vets housing and a farm museum. The company even promised to haul out its own garbage.Business being business, those costs get passed on to the tenants, helping put new units out of the financial reach of most young Long Islanders, the crowd in most need of affordable places to live. Nonetheless, there’s enough pent-up demand to allow Avalon and others to fill their developments for years to come, earning very nice returns on their investment, however time-consuming, expensive and uncertain it might be.(And good for them.)But that’s not a success strategy for Long Island.Our young people continue to leave the region in droves, seeking affordable places to live elsewhere. They are increasingly joined by their parents’ generation, those around age 50, who either miss their kids or have grown tired of paying the Island’s crazy-high property taxes. The diaspora has begun to affect local businesses, which can’t find the workers they need to expand. That’s the makings of a very dangerous cycle.Ending the exodus by easing demand and lowering rents will require many, many additional apartments—thousands a year instead of the few hundred being added today. That will require extraordinary resolve on the part of our local elected officials, who must stare down the vocal minority to pass streamlined approvals, place limits on environmental squabbling and enact “as of right” zoning.Of course, given that we’re the ones who elect the elected, the extraordinary resolve really needs to come from us.Time for a gut check, friends.John Kominicki is president of Innovate Long Island.
The program created individualized and personalized approaches for students given their abilities and life experiences. “When they go into the classroom tomorrow and they have a student that is pushing their buttons that they’re going to respond in a way that is kind and compassionate,” said Jones. “If we can start responding differently, I think we can start seeing some significant changes.” The program was called “Reaching and Teaching: Building Trauma-Senstive Classrooms” put on by the Southern Tier Special Ed Task Force. Susan Jones, a trauma coach at Broome-Tioga BOCES taught over 30 educators about how students deal with trauma. Jones says her goal was for the educators to walk away with compassion. Jones says she hopes the program gives teachers the tools to be more helpful in their jobs and help students deal with what’s going on their personal lives. BINGHAMTON (WBNG) — Local educators learned about how trauma affects students and trauma sensitive classrooms Wednesday the Southern Tier Independence Center.
They left on July 5, and say the trip has been eyeopening. As coronavirus cases overwhelm Texas hospitals, the two women were offered the chance to fight the pandemic in Austin, at Lourdes’ sister hospital, Ascension Seton Medical Center. Texas is seeing a surge in new cases, just on July 22 the state reported a record number of coronavirus deaths. BINGHAMTON (WBNG) — For nurses Caylynn Gilbert and Chona Lee Dietz at Lourdes Hospital, helping out in times of need is second nature. Gilbert returned on July 15, and says what she saw in Texas is a warning for New Yorkers to take precautions and continue to wear masks.
“I was unfortunately having to take care of a patient that did not make it and it still gets to me because I told her you’re not alone and yet she had no family with her, but we were with her… It’s very hard,” said Dietz. “They would get really sick really fast and having those conversations with the patients and the family was heartbreaking, absolutely heartbreaking,” said Gilbert. Dietz extended her trip in Texas due to the dire need there, and will return July 26.
Nikko Asset Management – Stefanie Drews has been appointed global head of institutional marketing and proposition. She joins from Barclays Wealth and Investment Management in London, where she was global head of key clients. Drews will be responsible for developing and managing the institutional proposition globally.AXA Investment Managers – David Page has been appointed as a senior economist. He joins from Lloyds Bank Commercial Banking, where he held a similar position. Before then, he was an economist at Investec Bank UK. He has also worked at the UK Debt Management Office, where he analysed Gilt markets.Capital Group – The active investment manager has appointed Alvaro Fernández Arrieta as business development manager ahead of its planned expansion in Madrid. He joins from Amundi Asset Management, where he was head of sales. Before then, he worked at Calyon Banca Privada, Santander Asset Management and Banco Central Hispano.Quantum Advisory – Sean Gilfeather has been appointed principal consultant and actuary. He joins from Lorica Consulting, where he was head of actuarial and risk management, having previously worked for PwC and Towers Watson.B&CE – Roy Porter has been appointed business development director at the not-for-profit organisation. He joins from NEST, where he headed up market engagement and led the scheme’s marketing and distribution strategy. Deutsche Asset and Wealth Management, Allianz Global Investors, APG, Mercer, Nikko Asset Management, AXA Investment Managers, Capital Group, Quantum Advisory, B&CEDeutsche Asset and Wealth Management (DeAWM) – James Dilworth, European chief executive at Allianz Global Investors, has left the asset manager to join €934bn rival Deutsche Asset and Wealth Management. Dilworth, who left AGI with immediate effect, is likely to take up his new position as head of DeAWM’s active asset management early next year, subject to approval from Germany’s regulator. His new role will also see him become chief executive of Deutsche Asset and Wealth Management Investment and join the manager’s executive committee.APG – Bart Le Blanc has been appointed as a member of the supervisory board. Currently, Le Blanc is a senior partner at Andreas Capital Group in Luxembourg. Over the last 10 years, he has been CFO at nuclear fuel company Urenco and chairman of the executive board at ETC. Previously, he worked for F van Lanschot Bankiers, the European Bank for Reconstruction and Development in London and La Caisse des Dépôts et consignations in Paris.Mercer – Christian Bodmer, head of investment in Switzerland, is to be replaced by Philippe Lüthy, senior investment consultant and principal in Mercer’s Swiss office, from the beginning of August. Mercer provided no reason for Bodmer’s departure, although a spokeswoman confirmed to IPE that he would leave the company to take on a job “within the financial industry in Zurich”.
Baker Hughes, a GE company, (BHGE) has reported profit of $32 million or 6 cents per diluted share on GAAP basis for the quarter ended March 31, 2019.Adjusted diluted earnings per share were 15 cents per share.The result compared with $70 million profit in Q1 2018, down 55%, and also down sequentially some 76% from $131 million or 28 cents per share.Revenue for the quarter was $5,615 million, a decline of 10%, sequentially. The decline was driven primarily by seasonality across most businesses. Turbomachinery and Process Solutions was down 27%, Digital Solutions was down 14%, and Oilfield Services was down 3%, partially offset with Oilfield Equipment up 1%.Compared to the same quarter last year, revenue was up 4%.Orders for the quarter were $5,693 million, down 17% sequentially and up 9% year-over-year. The sequential decrease was a result of seasonality in all product companies.GAAP (generally accepted accounting principles) operating income for the first quarter of 2019 was $176 million. Operating income declined $206 million sequentially and increased $217 million year-over-year. Total segment operating income was $373 million for the first quarter of 2019, down 39% sequentially and up 14% year-over-year.Depreciation and amortization for the first quarter of 2019 was $350 million.“BHGE delivered a solid first quarter against a backdrop of stabilizing global oil and gas markets. U.S. rig count dropped slightly less than expected, and international activity remained steady. The LNG market is very active. While the speed of the recovery varies across these markets, we see our Company positioned to benefit from multiple growth drivers,” said Lorenzo Simonelli, BHGE chairman, president and CEO. “We have a positive outlook across a number of end markets. Strengthening international markets will have the largest positive impact on our business, while operators in North America will continually re-evaluate their spending plans. The next wave of LNG projects will be positive for us, and we continue to see encouraging signs in the offshore market,” concluded Simonelli.
Tweet Share Sharing is caring! Share NewsRegional Ride the Bus HIV/AIDS campaign drives forward in St Kitts by: – November 11, 2011
Image via: thesun.co.ukBASSETERRE, St Kitts (SKNIS) — Bus passengers around St Kitts have been able to discuss the latest HIV/AIDS information as they journey to their various destinations, starting Tuesday.This is the result of an innovative activity being carried out by the National AIDS Secretariat called the “Ride the Bus” Campaign. In the first instance, it runs until the end of this week, Friday, November 11, then the second phase runs from Monday, December 19 to Friday, December 23, 2011. It involves health educators journeying the three passenger bus routes going around the island Westward, Eastward and up to St Peter’s. This will be done only on omnibuses with a “Ride the Bus” flier.Lucine Pemberton, a health educator based at the National AIDS Secretariat, said that thus far the campaign has been going very well, and all of the health educators have made successful trips on their various buses on the East and St Peter’s routes – leading discussions on HIV/AIDS, distributing literature, as well as male and female condoms. She said they worked the “Cayon” route on Tuesday and the St Peter’s route on Wednesday. Thursday and Friday are reserved for the “Sandy Point” and “Cayon” routes.Pemberton revealed that some of the more interesting questions pertained to queries on the services provided by the National AIDS Secretariat and the dangers of transactional sex with the example of individuals seeking money to outfit their homes prior to the Christmas Season.Another aspect of the National AIDS Campaign includes guest spots on local radio shows. On Thursday, health educators were guests on KYSS FM”s Conflicting Principles programmeUpcoming events also include the poetry forum Island Expressions reserving a theme of “HIV/AIDS” for its Thursday, December 1, World AIDS Day session. Additionally, the World AIDS Day March takes place on Friday, December 2.Caribbean News Now 54 Views no discussions Share
RelatedPosts Pirlo not out to copy anyone after Juventus’ comfortable opening win EPL: Foxes attack Burnley Aguero could be out of action until November, Guardiola says Arsenal vs Man City Venue: Emirates Stadium Kick off: 5:30PMPep Guardiola will bring up 200 matches in charge of Manchester City when the champions visit Arsenal at the Emirates Stadium this afternoon. Both sides have endured disappointing campaigns to date, with Man City slipping 14 points off the pace set by Liverpool and Arsenal beginning the weekend in ninth place, seven points off the top four. Guardiola’s previous 199 matches in charge of Man City have generally been gilded with great success, but he brings up his double-century in a position of unfamiliar vulnerability. Rumours have even surfaced that the Spaniard could walk away from the club at the end of the season and, while Guardiola was quick to shut down suggestions that he has an exit clause in his contract, a summer revamp looks increasingly likely. Having accumulated a whopping 198 points over the previous two campaigns, Man City now find themselves 14 points off leaders Liverpool following last weekend’s derby defeat to Manchester United, and that gap could grow to 17 by the time they kick off against Arsenal. Never in Guardiola’s glittering managerial career has one of his sides fared worse after 16 games of a season than City’s current tally of 32 points, with the champions having already lost as many games and dropped the same number of points as they did throughout the whole of last season and more than they did in their 100-point 2017-18 campaign. Indeed, rather than now focusing on a third consecutive title, Man City must first concern themselves with catching an in-form Leicester City side that sits six points clear of them ahead of their own visit to the Etihad Stadium next weekend. Guardiola’s side have boasted a well-earned aura of invincibility around them over the past two years, but that is no longer the case having dropped points against Norwich City, Wolverhampton Wanderers and Newcastle United amongst others this season, and their current run of three wins, three draws and two defeats from their last eight games across all competitions is verging on crisis mode by their own standards. City have always been good at bouncing back from their rare defeats in the Guardiola era, as they did in midweek with a 4-1 cruise over Dinamo Zagreb, but such form will have sown a seed of doubt into the minds of the players, as well as increasing the belief from Arsenal’s point of view. Not since the beginning of November have Man City won back-to-back games across all competitions, and with league matches against Leicester and Wolves to come after Sunday’s showdown, it could be that they drop yet more points during the festive period. There is no doubt that the failure to replace Vincent Kompany, coupled with Aymeric Laporte’s injury, has severely cost the champions this season, and they arrive at the Emirates without a clean sheet in their last 10 matches stretching back to October 26. City remain the division’s leading scorers and could net in a club record-equalling 20th successive league away game this weekend, but whether a defence which has shipped more goals than the likes of Sheffield United and Crystal Palace can keep Arsenal’s attackers at bay remains to be seen. Arsenal’s problems are similar but even more deep-rooted, with the Gunners boasting some of the deadliest forwards in the league who are hampered by a defence which has failed to keep a clean sheet in 13 matches. Just two of those 13 games have ended in victory, including only one of their last 11, and even that Monday night triumph over West Ham United was not enough to paper over the cracks for most. Arsenal were poor for much of that match and deservedly trailed at half time before a nine-minute blitz saw them end their longest winless run for 42 years, leaving them now searching for back-to-back league triumphs for the first time since August. Another comeback was required in midweek as Arsenal survived a brief scare against Standard Liege, going 2-0 down before another quickfire brace secured their place in the last 32 of the Europa League. Success in that competition may be their best hope of returning to the Champions League next season given that they are seven points adrift of the top four after 16 games, which is the same gap which separates them from the relegation zone. It has not been a textbook audition for interim boss Freddie Ljungberg so far, then, and one of the more intriguing subplots surrounding Sunday’s match is the presence of Mikel Arteta – a favourite for the Arsenal job alongside Carlo Ancelotti – in the Man City dugout. If Ljungberg does stay in charge for the foreseeable future then things will not get much easier for him, with Man City, Chelsea and Manchester United all to come in the next five games. All of those games come at home, which ordinarily would be a positive except for the fact that Arsenal are winless in their last five outings at the Emirates Stadium, including defeats in their last two. Not since March 2018 have they lost three home games in a row. The Gunners have only kept one clean sheet in front of their own fans all season and could concede two or more goals in four successive home games for the first time since December 1965. Should one of those be the opener then it would also be the first time they have conceded the first goal in six consecutive Premier League matches. Couple that with a poor recent record against Man City and Sunday’s match does not look like a promising proposition for the home side, but they will also know that there has rarely been a better time to face City in recent years and the opportunity to earn a significant feather in Ljungberg’s cap is certainly there. Arsenal possible XI: Leno, Maitland-Niles, Sokratis, Luiz, Kolasinac, Guendouzi, Torreira, Pepe, Ozil, Martinelli, Aubameyang. Man City possible XI: Ederson, Walker, Otamendi, Fernandinho, Mendy, De Bruyne, Rodri, Gundogan, Bernardo, Jesus, Sterling.Tags: Arsenal FCFreddie LjunbergLeicester CityNorwich CityPep GuardiolaUnai Emery
A late night landing for Air Force One touching down at Palm Beach International Airport […]
New Delhi: Shakib Al Hasan was handed a two-year ban (one year suspended) by the International Cricket Council (ICC) on Tuesday after he admitted to various failures to report corrupt approaches made to him. Shakib, Bangladesh’s Test and T20 captain and the world’s No.1 all-rounder in ODIs, was handed the ban for failing to report three corrupt approaches, including one at the IPL, by a suspected Indian bookie, ousting him from the upcoming tour of India. Twelve months of that ban is a suspended sentence which will come into effect if the 32-year-old fails to comply with the anti-corruption code of the world body. The one-year ban that he has to serve will keep him out of next year’s Indian Premier League (IPL) and also the World T20 to be held in Australia from October 18 to November 15 the same year.The ICC made Shakib Al Hasan’s WhatsApp chat with alleged bookie Deepak Aggarwal public in a full reasoned decision posted on its official website.”Shakib Al Hasan told the ACU that he did not accept or act upon any of the approaches he received from Aggarwal, in particular, he did not provide him with any of the information requested, nor did he accept or receive any money or other reward from Aggarwal. However, he did not at any time report any of the approaches to the ACU or any other relevant authority, ” said ICC.Here’s a timeline of the conversations between Bangladesh captain Shakib Al Hasan and suspected Indian bookie Deepak Aggarwal released by ICC:January 2018: Shakib was selected as part of the Bangladesh team participating in a Tri-Series between Bangladesh, Sri Lanka and Zimbabwe. During this series, he and Aggarwal engaged in further WhatsApp conversations.19 January 2018: Shakib received a WhatsApp message from Aggarwal congratulating him for being named man of the match in that day’s game. Aggarwal followed this message with a message saying “do we work in this or I wait till the IPL”. The reference to “work” in this message was a reference to him providing Inside Information to Aggarwal. He did not report this contact from Aggarwal to the ACU or any other anti-corruption authority.23 January 2018: Shakib Al Hasanreceived another WhatsApp message from Aggarwal in which Aggarwal made another approach to him to provide him with Inside Information, saying “Bro anything in this series?”He confirmed that this message related to Aggarwal’s request to him to provide Aggarwal with Inside Information in relation to the ongoing Tri-Series. He did not report this request for Inside Information from Aggarwal to the ACU or any other anti-corruption authority.26 April 2018: Shakib Al Hasan played for the Sunrisers Hyderabad team in its IPL match against Kings XI Punjab. He received a WhatsApp message from Aggarwal that day asking him whether a particular player was going to be playing in the game that day, i.e. again asking for Inside Information. Aggarwal continued this conversation with him by talking about bitcoins, dollar accounts and asked him for his dollar account details. During this conversation, he told Aggarwal that he wanted to meet him “first”.These messages on 26 April 2018 included a number of deleted messages. Shakib confirmed that these deleted messages contained requests from Aggarwal for Inside Information. He confirmed that he had concerns over Aggarwal, feeling he was a bit “dodgy”, and that, following their conversations, he had the feeling that Aggarwal was a bookie. Shakib did not report any of the contact and approaches received from Aggarwal on 26 April 2018 to the ACU or any other anti-corruption authority. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.
–aiming to win today’s road raceTHE team of Jason Cameron, Marcus Keiler, Curtis Dey and Adellie Hodge clocked 13 minutes, 39.42 seconds to win yesterday’s Inter Guiana Games (IGG) cycling time trial, and will make a push to keep Guyana’s rich tradition of winning the road race at the games.Covering a distance of 10 kilometers, the Guyanese riders made it look easy and used their excellent team chemistry to their advantage.Suriname covered the distance in a time of 14 minutes and 56 seconds.In the women’s time trial, which was done individually, Guyana’s Deance Welch rode the distance of six kilometers in nine minutes and 53 seconds; 52 seconds slower than her Surinamese rival who finished first.Coached by Hassan Mohammed, the Guyanese quartet will be aiming to take the road race by storm today.Welch, who is one of Guyana’s top female cyclist, will rely on Yonika and Shenika Barker in the road race to help make a clean sweep of the cycling. (Rawle Toney)