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New York City : Against The Wall with JJink

AP Exclusive: NYC Comptroller Liu wants marijuana legalized

August 14, 2013 by  
Filed under 420 news, General News

source:washington post

NEW YORK — New York City Comptroller John Liu is proposing a historic overhaul of the city’s marijuana laws, believing that legalizing medical marijuana and allowing adults to possess an ounce of pot for recreational use would pump more than $400 million into the city’s coffers.

The sweeping change, which would put New York at the forefront of a growing national debate over use of the drug, calls for recreational marijuana to be regulated and taxed like alcohol and tobacco.

Liu, the city’s top financial officer who is also running for mayor, commissioned a report that finds that New York City has a $1.65 billion marijuana market. If a 20 percent excise tax and the standard 8.875 percent city sales tax is imposed on the pot sales, it would yield $400 million annually in revenue, Liu believes. Another $31 million could be saved a year in law enforcement and court costs.

“It is economically and socially just to tax it,” Liu told the Associated Press in an interview Tuesday. “We can eliminate some of the criminal nature that surrounds the drug and obtain revenue from it.”

The comptroller’s plan, which likely faces stiff opposition from state lawmakers who would have to authorize it, calls for the state to oversee private businesses selling pot. Licenses would be required, fees would be charged, and using the drug in public or while driving would be prohibited.

Liu’s team calculated that 900,000 city pot smokers spend about $2,000 a year on the drug. He is calling for the revenue surge to be used to reduce tuition at the City University of New York for city residents.

Twenty states and the District of Columbia currently permit medicinal marijuana. Two states, Washington and Colorado, last year voted to allow recreational marijuana for adults.

Officials in both states predicted that the change would be create a surge in revenue — up to $60 million annually in Colorado alone, according to supporters there. But while it is too soon to evaluate the exact economic ramifications in those states, experts do believe that the city budget would be bolstered by a similar measure.

“Now, people selling the product are doing it under the table and aren’t paying any taxes on it,” said Carl Davis, Senior Analyst at the Institute on Taxation and Economic Policy. “That would change. And, it stands to reason, people would also start legally producing it locally, so there would be economic benefits there too.”

Mayor Bloomberg BUSTED… Using Taxpayer Money to Fund Mayors Against Illegal Guns

June 25, 2013 by  
Filed under General News

source:freedon outpost

Dean Garrison

With billions of dollars in wealth, Michael Bloomberg still has to rely on  the people of New York City to fund his anti-gun website. My parents always  taught me that stealing is stealing. Whether it is a gumball or a brand new  Mercedes does not matter. I would suggest that when there is smoke there is  usually fire and this could be just the tip of the iceberg.

Ace of  Spades uncovered an interesting fact on Friday. Bloomberg’s “Mayors Against  Illegal Guns” website is actually registered to The City of New York.  Specifically it is registered to “NYC DoITT” (the New York City Department of  Information Technology & Telecommunications).

Really Bloomberg? The cost of registering a domain is less than $50 a year.  Even with an estimated $27 Billion in wealth you can’t afford to spend $50 to  register your web site? For the record here is the exact registration  information for www.mayorsagainstillegalguns.org:

Administrative Contact , Technical Contact :
NYC DoITT
clong@doitt.nyc.gov
2 Metrotech Center
2nd Floor
Brooklyn, NY 11201
US
Phone: 718-403-8610
Record expires on 24-Apr-2014
Record created on 24-Apr-2006
Database last updated on 23-Dec-2008

I would suggest massive amounts of phone calls to the number listed above but  that’s just me. I think a few thousand questions about why a New York City  municipal government agency is using taxpayer funds to register domain names for  the Mayor’s private gun control efforts might be in order.

Did “Mayor’s Against Illegal Guns” reimburse the City of New York? It really  does not matter. Do you think the City of New York would offer the same services  to a pro-gun group? Not unless that group had some sort of political inside  connection like Bloomberg’s…

Ace of  Spades reports:

Another Bloomberg group, Renew Our Economy, has their domain registered to  Mayors Against Illegal Guns. This is all a bit of a mess, which shouldn’t  surprise anyone at this point.

At best, this is really sloppy. At worst, this could be pretty serious. We’ll  see what develops.

To verify this registration go to this site (opens in new window) and simply type in www.mayorsagainstillegalguns.org

You will receive the result I showed you above.

It’s doubtful that a $50 indiscretion will topple the Bloomberg empire, but  again… when there is smoke there is normally fire. If he used public funds  and/or resources for a domain registration, what else might be uncovered with a  little more digging?

h/t John Lott

Editor’s UPDATE:  A reader pointed out that the costs associated with this  may be far higher than just $50.  If you click on this link and scroll down (you may need to enter  their security code) you will see Name Server:VWALL4A.NYC.GOV.  Those are  official NYC government servers.  Therefore this is not only a domain we are  talking about, MAIG is using the city’s own servers to host their site!

Read more: http://freedomoutpost.com/2013/06/mayor-michael-bloomberg-busted-using-taxpayer-money-to-fund-mayors-against-illegal-guns/#ixzz2XEAmcP2z

Report: Fire put out on 88th floor of 1 World Trade Center

August 8, 2012 by  
Filed under General News

source:

Nearly 90 firefighters were called to the scene of a fire on the 88th floor of One World Trade Center in Lower Manhattan, fire officials said Wednesday morning

No one was inside the building when the flames erupted, and it wasn’t immediately clear what caused the blaze.

Emergency officials told CBS the FDNY said welding may have sparked the fire.

One World Trade Center, the giant monolith being built to replace the twin towers  destroyed in the Sept. 11 attacks, laid claim to the title of New York  City’s tallest skyscraper on April 30.

Raging Bulls: How Wall Street Got Addicted to Light-Speed Trading

August 3, 2012 by  
Filed under General News

source:

Wall Street used to bet on companies that build things. Now it just bets on technologies that make faster and faster trades.

Editor’s note: One of the most interesting things about the catastrophe at Knight Capital Group—the trading firm that lost $440 million this week—is the speed of the collapse. News reports describe the bulk of the bad trades happening in less than an hour, a computer-driven descent that has the financial community once again asking if their pursuit of profit has lead to software agents that are fast, dumb, and out of control. We’re posting this story in advance of its publication in Wired’s September issue because it examines how Wall St. got to the point where flash failures come with increasing frequency, and how much farther traders seem willing to go in pursuit of ever-greater speed.

The 2012 New York Battle of the Quants, a two-day conference of algorithmic asset traders, took place in New York City at the end of March, just a few days after a group of researchers admitted they had made a mistake in an experiment that purported to overturn modern physics. The scientists had claimed to observe subatomic particles called neutrinos traveling faster than the speed of light. But they were wrong; about six months later, they retracted their findings. And while “special relativity upheld” is the world’s most predictable headline, the news that neutrinos actually obey the laws of physics as currently understood marked the end of a brief and tantalizing dream for quants—the physicists, engineers, and mathematicians-turned-financiers who generate as much as 55 percent of all US stock trading. In the pursuit of market-beating returns, sending a signal at faster than light speed could provide the ultimate edge: a way to make trades in the past, the financial equivalent of betting on a horse race after it has been run.

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New York Plans to Ban Sale of Big Sizes of Sugary Drinks

May 31, 2012 by  
Filed under General News

NYTimes:

New York City plans to enact a far-reaching ban on the sale of large sodas and other sugary drinks at restaurants, movie theaters and street carts, in the most ambitious effort yet by the Bloomberg administration to combat rising obesity.

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The proposed ban would affect virtually the entire menu of popular sugary drinks found in delis, fast-food franchises and even sports arenas, from energy drinks to pre-sweetened iced teas. The sale of any cup or bottle of sweetened drink larger than 16 fluid ounces — about the size of a medium coffee, and smaller than a common soda bottle — would be prohibited under the first-in-the-nation plan, which could take effect as soon as next March.

The measure would not apply to diet sodas, fruit juices, dairy-based drinks like milkshakes, or alcoholic beverages; it would not extend to beverages sold in grocery or convenience stores.

“Obesity is a nationwide problem, and all over the United States, public health officials are wringing their hands saying, ‘Oh, this is terrible,’ ” Mr. Bloomberg said in an interview on Wednesday in the Governor’s Room at City Hall.

“New York City is not about wringing your hands; it’s about doing something,” he said. “I think that’s what the public wants the mayor to do.”

A spokesman for the New York City Beverage Association, an arm of the soda industry’s national trade group, criticized the city’s proposal on Wednesday. The industry has clashed repeatedly with the city’s health department, saying it has unfairly singled out soda; industry groups have bought subway advertisements promoting their cause.

“The New York City health department’s unhealthy obsession with attacking soft drinks is again pushing them over the top,” the industry spokesman, Stefan Friedman, said. “It’s time for serious health professionals to move on and seek solutions that are going to actually curb obesity. These zealous proposals just distract from the hard work that needs to be done on this front.”

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