[0:00:00] ... 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 ...
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[0:00:00] ... 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 ...
[0:00:38] ... 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 ...
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[0:00:00] ... 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 ...
[0:01:20] ... 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. ...
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[0:00:25] ... that's why last week but what time to take up. Public campaign Billick or on our progress and turning the ideas we campaigned on reality. Our way of letting voters know that we haven't forgotten ...
[0:02:00] ... at we are able that Albany now longer prison is forgotten cry. Current accountability report also present final 808001. Thing. -- that either fully or on the way. Every one of the proposal. Tried. But reconsidered. Map so because inevitably write something that don't work in other words you the same goals. We thank all our problem here. Are we public campaign out of Hillary or NYC you know why we urge other elected a social. A little more accountability would make political. More honest and realistic. Government more. ...
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[0:00:00] ... Good morning businessman Mike Bloomberg in tough economic times like these -- city agencies have to work harder than -- the polar city out of a national recession the overriding goal of our five Borough economic opportunity plan but maintaining neighborhood quality of life. By helping New Yorkers find new and better jobs that stressful we're doing. Exit today success and eliminating the graffiti that breeds crime and neighborhood decline. So far this year we've cleaned graffiti double the number of private homes and businesses. Free of charge as we did just two years ago and that's in spite of the near record rainfall the kept clean up crews on the streets during much of June. The community affairs unit of the highest office the sanitation department the economic development corporation. And the mayor's office of operations have all pulled together to improve graffiti siding procedures as a result we cut the time it takes to responders -- requests by better than for example. Instead of completely stopping graffiti clean -- once the cold weather months arrived -- used to be the case. We -- send out -- any date that the weather permits were also preparing to use federal stimulus funds. To assign supervised crews -- low level criminal offenses to do graffiti clean up as part of their community service sentences. And we're working with the City Council. To pass the local law making it easier for property owners to request cleanups speeding up and increasing graffiti removal even further. In the meantime -- seek graffiti anywhere in the city call 311 right away -- had to ask about the mayor's paint program supporting volunteer graffiti clean -- it's a great way to protect beautify and give back to our community. Our department small business services also deserves ...
[0:03:01] ... paying jobs is laying the foundation for strong economic recovery. This is mayor Mike Bloomberg. Actually. ...
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[0:00:00] ... Good morning this -- mayor Mike Bloomberg. I hope you all had a wonderful independent states and were able to watch the incredible fireworks show last night over the ...
[0:01:31] ... the many free concerts happening impart some public places around town. R&B classical music jazz have illegal tribute Yunnan -- Maybe you we kids wanna learn new skill well here analog. In conjunction with the city's ...
[0:02:26] ... over the next few months which you can see by visiting NYC Diageo the so enjoy the rest of the fourth weekend and had a great summer businessman Mike Bloomberg flexibility thing. ...
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[0:00:00] ... Good morning this is mayor Mike Bloomberg summer's officially here and that means the city's beaches and it's 54 pools are now open for the season. But before we ...
[0:00:37] ... hard earned diplomas we also received some heartening news about our city's graduation rates. According to data released by the state Department of Education. New York city's four year high school graduation rate has hit an ...
[0:01:11] ... have made significant gains over the past where is the black and Hispanic students have clearly made the biggest their progress continues to narrow the racial achievement gap that this existed in our schools report too long. These latest achievements continuing upward trending graduation rates. That began in 2002. After the state for granted the city control overtones schools it's worth noting that in the decade before ...
[0:02:12] ... to implement their funding for all schools. To achieve an agreement on merit pay based. But teachers to empower our school principals. And to ensure accountability. A publishing progress reports for every school. We authorizing mayoral ...
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[0:00:00] ... Good morning this is mayor Mike Bloomberg this week New York city's one point one million public schoolchildren will close that textbooks. Clean out their -- blockers and officially welcome summer. Based on the gains are students made this year we have every reason to feel proud of them. And I expect that pride to be on display in the days ahead as schools across the city hope their graduation ceremonies. Over the past two years of public school system has become a model of progress for the nation. And it's easy to ...
[0:00:57] ... was threatening to get out of hand. The strategy worked we cut destructive behavior and crime decline dramatically. While class from learning improved. You crime statistics released last week showed just how successful our -- safety ...
[0:01:38] ... down by 50%. Somewhat drops occurred at schools throughout the city from sheepshead bay high school in Brooklyn to John F. Kennedy High School in the Bronx. If this one idea that's been key to the ...
[0:02:52] ... made this school year one of the best on record. This is mayor Mike Bloomberg thanks for listening. ...
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[0:00:00] ... 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 ...
[0:01:04] ... 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 ...
[0:03:21] ... students learn more. And earned more in the years ahead this is mayor Mike Bloomberg and -- ...
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[0:01:48] ... statewide by half over the past three years. Second are black and Hispanic students are also continuing to close the racial achievement -- that's -- ashamed of our schools -- far too long -- greatest for ...
[0:02:42] ... very good news in the scores. The big gains made by our special education students and students for whom English is not their first language. Since 2006. The percentage of students with disabilities -- meeting standards and ...
[0:03:48] ... adults. That's a tribute to Dennis walker deputy mayor for education to Joel Klein chancellor and his team at the Department of Education. And particularly to the hard work and dedication. Teachers principals parents and especially our students. They all deserve congratulations. For a great school year. Just imagine I'm much better we can make it even next here this is mayor Mike Bloomberg thanks analysts. ...
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