ALBANY, N.Y. (AP) — Critics are throwing shade at Gov. Andrew Cuomo's pricey plan to install high-tech, color-changing lights on New York City's bridges, questioning whether the investment is the best use of public money.A government watchdog group this month called for a state probe into what it says are conflicting explanations for how much the lights cost and where that money will come from.De Blasio, who has frequently sparred with his fellow Democrat, urged Cuomo to reallocate the money for emergency repairs on the subway system, which has been plagued by mounting delays, derailments and other problems caused by decades of neglect.Despite initial reports that the Metropolitan Transportation Authority would foot the bill, the state now says the money will come from economic development funds and proceeds from the state's Power Authority, which often works on big energy efficiency projects.
NYS Entity Status
NYS Filing Date
MAY 10, 2013
NYS DOS ID#
NYS Entity Type
FOREIGN LIMITED LIABILITY COMPANY
2013 - BH EMERGING MARKETS STRATEGIES PARTICIPATION FUND LLC
Around the Web
- Critics throw shade at Cuomo's plan to light NYC bridges
By DAVID KLEPPER, Associated Press - Sunday Aug 13, 2017
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John Mackey wanted to fight off the activist investors attacking Whole Foods. He found a savior in Amazon, a company blamed for laying waste to retailers.
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Direxion, the firm behind popular funds that bet on gold mining companies, oil prices and Chinese stocks, launches an ETF that aims to triple the returns of emerging-market bonds.
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Monday Nov 20, 2017
A decade of loose monetary policy from the Federal Reserve has sent gushers of cash to emerging markets. One big impact has been to reduce funding costs for a host of riskier, first-time borrowers such as Maldives and Tajikistan.
- Ultra-Luxury Brands Breaking Into Emerging Markets
Wednesday Apr 26, 2017
Alongside Brazil, India, and China, other emerging markets, like Iran, South Africa, Indonesia and Malaysia, are set to hit their stride in the coming decade. The significance of flexibility andcollaboration will increasingly become key in luxury brand marketing strategies within these areas.
- Big Data tells mortgage traders an amazing amount about you
By Matt Scully - Friday Jun 30, 2017
The New York startup sucks in data from marketing firms, public loan filings, courthouses and dozens of other sources, and sells it to mortgage bond and loan traders.The vivid detail the company turns up — the types of stores borrowers tend to shop at and whether they rent out their homes on Airbnb, for example — may unsettle privacy advocates, but it’s a boon for investors trying to figure out how likely homeowners are to pay their obligations.Across the world of finance, startups are using big data to try to improve Wall Street’s success with everything from consumer lending to stock trading.The average fund manager can gain 0.4 to 0.7 percentage point of return by using more intelligent data when trading mortgages, at least for home loans that haven’t been bundled into securities, according to John Ardy, CEO of Resitrader, an institutional marketplace for home loans.“We’re concerned about how this information is shared, and how it can have adverse consequences for individuals without their even realizing it,” said Lee Tien, a senior staff attorney at the Electronic Frontier Foundation, a nonprofit focusing on civil liberties.[...] money managers using information they get from TheNumber could face accusations of discriminating against borrowers based on race or religion if it turns out the factors the company looks at tend to single out particular types of people, said Frank Pasquale, a professor at the University of Maryland’s Francis King Carey School of Law.Fund managers that use TheNumber are typically buying subprime mortgages, many of which have defaulted.TheNumber tries to determine how much pride a homeowner probably has in his or her property, based on information it gleans from third parties, such as whether the resident tends to click on online ads from home improvement and gardening stores.Experian, for example, tries to make sure investors can’t readily determine borrowers’ identities when it hands out mortgage data, said Michele Raneri, a vice president of analytics and new business development at Experian.Added information about borrowers could boost transparency in the mortgage bond market, where getting information about creditworthiness and prices can be much harder than in other debt markets.“Investors in every other market get to see what they are buying — but not mortgage bond investors,” said Adam Murphy, founder of Empirasign Strategies LLC, a trading data firm for mortgage bond professionals.