The amount of money New York State is receiving in penalties levied against banks is increasing. In the last three months state coffers have added more than $4.6 billion in bank fines.
The bulk of the money comes from a record settlement against BNP Paribas, a French bank that admitted to violating US sanctions against Iran, Sudan, and Cuba. It was first reported that New York would receive $2.2 billion, but that number ticks up by another billion because New York City will be giving a portion of its penalty to the state.
It will be a year and a half before marijuana becomes available in New York, after Governor Andrew Cuomo signed a law last weekend allowing a limited use of the drug for certain diseases. In Connecticut, a new industry is taking shape as the state’s medical marijuana program nears its launch. Six dispensaries have been licensed to open around Connecticut. In Fairfield County, one of these dispensaries has run into some unusually strong resistance.
The tall and lithe Michelle Li from Toronto dings a goose feathered shuttlecock to and fro in a lazy, backyard barbeque sort of way. The rubber-nosed projectile flies over the net as she takes a dainty step here, a swing of the ponytail there, and then she jumps a foot and half in the air, and…
Li hasn't clocked her "smash" but she guesses it's around 200 MPH. This with a racket weighing less than a quarter pound which, perhaps, mischaracterizes the sport in general as non-contact, non-competitive, non-American.
Connecticut Governor Dannel Malloy is threatening to reconsider supporting additional state funding for the replica Amistad slave ship. That’s because the group managing the schooner said it’s planning to skip this weekend's Sailfest in New London.
Pequot Library brings literature, music, art, science and the humanities to our community. For over 125 years, Pequot Library has been a pillar of Fairfield County, providing professional, encouraging library services and diverse programming to our local and regional community.
Last month we looked at radio at the start of the Great Depression and how RCA’s President David Sarnoff made the decision to license the heterodyne circuit to any manufacturer willing to pay royalties to use it. The heterodyne circuit, combined with the new developments in vacuum tube technology, allowed manufacturers to build affordable radios that performed far better than most of the high end sets from just a few years prior.
This summer, the Bridgehampton Chamber Music Festival marks its 31st season in the beautiful seaside setting of Long Island’s East End. The Island’s longest-running classical music festival this year features 12 concerts from July 30 to August 24, featuring the signature mix of renowned and up-and-coming artists and classic and new music that has made it one of the most noteworthy summer music festivals in the country.
Six years after Bernard Madoff became a household name people still fall for Ponzi schemes. That's probably because schemers have a tried and true method backed up by psychology.
Last year there was a big $96 million Ponzi scheme on Long Island. It had all the trapping of a Hollywood con: offshore shell companies, luxury cars, and there was even a famous beachfront resort near the Hamptons.
But for the victim there was nothing glamorous about it
"I thought it was some run of the mill fund," Jan says in a sweet Texan twang that makes friends of almost any ears.
One of the two hospitals in Waterbury, Connecticut, announced on Tuesday that it has agreed to be acquired by Texas-based Tenet Healthcare Corporation. Officials say St. Mary’s Hospital's Catholic heritage and religious directives will be honored under the terms of the agreement.