Audio Archive
" Good morning this -- Mike Bloomberg. As the national economy installed. We worked hard to prevent home foreclosures in New York. Fortunately we haven't been hit as hard as of the cities have been still some thirteen thousand homeowners have faced foreclosure during the past twelve months and the numbers are climbing. So last week we took some new steps designed to help distressed homeowners work their way out of debt while keeping their homes. First. We're launching a new public service said campaigning communities with the risk of foreclosure is greatest in English and Spanish the ads ask. Facing foreclosure. We can help. And urged people to call 311 to get connected to -- financial counseling and legal services. We're doing that because many homeowners threatened with losing their homes are too depressed or frightened to know what to do way to turn and that makes them easy targets for predators. All too willing to profit from their misery under the guise of offering help. Fortunately. They've got better choices. Provided by local legal services offices the civil division of the legal aid society and grassroots anti foreclosure groups. To nonprofit center in New York City neighborhoods which are administration and the City Council created in the foreclosure crisis began to -- has -- such groups with six million dollars in grants. Will provide two million dollars more in the years to come and I call 2311. Will link anyone needing such services with -- free confidential. And completely trustworthy help. Were also pushing for more effective negotiations between lenders and homeowners before foreclosures happen. Current state law requiring such mediation covers too few homeowners. What can treat the confusing notices are offering them mediation has junk mail. And sometimes the people and descend to mediation meetings aren't even on the rise to modify the -- In Philadelphia the mayor's office and courts are addressing such problems involving community groups like take on who help homeowners with the process. The result. Better mediation and a few of foreclosures. Results we want to see in New York to. Because the fact is that went -- at a neighborhood the pain doesn't stop with the families losing their homes. Vacant foreclosed homes become derelict dinosaurs to bring down the value and threaten the security of every house on the block. Lenders also take a financial beating from foreclosures. So everyone wins -- we keep our neighborhoods strong -- basic principle of our administration's five -- economic opportunity plan for pulling our cities from the national recession. Creating jobs is also key to beating the recession. And jobs of the future require more education. So before signing -- this morning I want to spotlight the successful program called a sap AS AP that we created to help community college students finish their studies while also meeting assembly and job responsibilities. No small accomplishment. The first wave of these students is graduating this month. I congratulated more than eighty of them at kings -- community college's graduation on Friday. And we're going to expand such programs that help our community college students learn more. And earned more in the years ahead this is mayor Mike Bloomberg and --"
Audio|Mon, 3 Aug 2009|More from Mayor Bloomberg's Weekly Address
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“…Public employees' pension plans who have heavily invested in commercial real estate have incurred big losses in the value of their portfolios. Investment performance of California public employees retirement system. Calpers declined 23 point 4% for the fiscal year ending June 30. With its greatest single year decline ever be California State retirement system counts stirs. Reporting that its investment portfolio -- 45% for the year. At calpers as of march 31. While casters investments in -- they. We're down 43%. Real estate and private equity returns for both funds -- estimates and a reduction in value which is subject to change pending appraisals through June 30 2009. Both of these pension plans have been active purchases of New York City residential commercial rules for these pension plans -- purchasing joint venture buildings including. I certainly for -- Lexington avenue 1177 avenue America's 99 tertiary. And Peter Cooper village and …”
Audio|Mon, 3 Aug 2009|More from Mayor Bloomberg's Weekly Address
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“…Earlier this month Manhattan welcome its newest timeshare vacation club west 57 street by who grew up. Between avenue of the Americas and seventh avenue the facilities the first ground up residential …”
“…Which also includes membership. In the -- grand vacations club a Hilton vacation club is also located on the 37 through thirtieth floor of the New York Hilton in addition today -- vacation club. . Perspective perches -- who seek -- fractional interest can purchase units at the Manhattan club. Located 200 west 56 tree where the …”
Audio|Mon, 27 Jul 2009|More from Mayor Bloomberg's Weekly Address
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“…great of the commercial space for the empire state building and the Chrysler Building combined. And the result will be some 11000 new manufacturing and distribution -- too many of them coming within the next few months. And other sectors of the city's second economy ripe for growth is biotechnology. Were already home to more than 120 bioscience companies some of the best academic medical institutions. That talented workforce. The only thing when you really lacked in space for growth. Too often a patent has been that firms that created it research institutions in the city. And then move out of town and they develop and expand its taking jobs with them. But that's now about to change we've been hard at work developing it flagship location for commercial bioscience research and development. Rattle -- the first avenue medical science Carter and last week we securities the very first sentence. Global pharmaceutical giant Eli Lilly and company. Our agreement with slowly means that we now have a world respected company anchoring our new bioscience park. Shall publish attract other top research and development companies there can create new jobs. About ball loose decision amounts to a great -- vote of confidence in the future of our city and our future epicenter of biotechnology. And make no mistake it -- As part of -- five Borough economic opportunity plan we're gonna continue pursuing opportunities to diversify our economic based. So that in the future when Wall Street sneezes the rest of the city doesn't catch a cold. This is mayor Mike Bloomberg thanks -- listening. …”
“…Good morning this is mayor Mike Bloomberg what if anything the current national recession has reminded us of the importance of economic diversity in our city. The more we can grow and strengthen a wide array of industries. Less our local economy local economy will be driven by the ups and downs of Wall Street. . And that's been our strategy. For the past seven years we've focused on maximizing. Those sectors of our economy that have existing …”
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