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Judge Rules New York Can Regulate Lenders With Native American Ties

Why the New York Knicks Made a Big Mistake with Grunwald Demotion

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Native American groups say any such effort would infringe on their federal rights as sovereign nations. More business news More business news On Monday, U.S. District Judge Richard Sullivan in Manhattan rejected a request by two Native American groups to block the New York Department of Financial Services, led by Benjamin Lawsky, from barring them from making loans to state residents. The Otoe Missouria Tribe and Lac Vieux Desert Band of Lake Superior Chippewa Indians sued the state regulator in August after Lawsky demanded that 35 online companies cease making loans to New Yorkers. The state has a 16percent interest rate cap in place for consumer loans under $25,000. At least one of the online lenders had been charging more than 1,000percent in annual interest. Sullivan agreed that Lawsky has authority over loans made over the Internet to consumers residing in New York, essentially stripping the Native American groups of their immunity from state law. The states action is directed at activity that takes place entirely off tribal land, involving New York residents who never leave New York state, Sullivan wrote in the order. These consumers are not on a reservation when they apply for a loan, agree to the loan, spend loan proceeds, or repay those proceeds with interest. Lawskys office declined to comment on the ruling. The Native American groups plan to appeal the judges decision, according to their attorney, David Bernick. This ruling opens a clear and painful breach in the legal protection that has consistently been afforded to the tribes efforts to become self-sufficient and economically stable, he said.

New York City Marathon bans hydration backpacks, strollers in security measures prompted by Boston Marathon bombings

SEPT. 27, 2013 PHOTO

Dale Zanine-USA TODAY Sports The Jets must travel to the Georgia Dome this week; a place where Matt Ryan is 34-6 in his career. Unfortunately, New York has little to no chance of making the postseason for the first time in three seasons this year. The Jets may be off to a respectable 2-2 start, but the team’s schedule over the next two months is brutal. New York must visit Atlanta, Cincinnati and Baltimore , and it has home games against the Patriots, New Orleans Saints and Miami Dolphins all before Week 14. The combined records of New York’s remaining opponents is 25-22. In fact, if you take away the team’s next two games against the 1-3 Atlanta Falcons and the winless Pittsburgh Steelers , the remaining record of New York’s opponents is a ridiculous 24-15. With a solid defense, the Jets should manage to stay competitive against even the toughest of competition, but it’s difficult to see them winning more than six or seven games. The 2013 Jets may be a team that is better than its final record suggests. 2. The Jets turnover differential could be the worst in the league. Gang Green could easily be 4-0 if it wasn’t for one thingturnovers. With at least a pair of turnovers in every game, rookie Geno Smith has given the ball away an unfathomable 11 times a quarter way through the season. That translates to a record-breaking 44 turnovers over a 16-game season. Smith’s decision-making is subpar, to say the least, and he consistently underthrows his receivers deep. He may be a rookie, but he needs to take care of the ball if he is to maintain his starting job over the duration of the season. Additionally, New York’s defense may be a solid unit, but it fails to pressure the opposing team into turning the ball over. The Jets have managed just two takeaways through the first four games, despite facing rookie EJ Manuel and turnover-prone Josh Freeman in two of those contests. The Jets turnover differential currently sits at negative-nine, just one ahead of the Steelers for last in the league. Don’t be surprised if they dethrone Pittsburgh from the last spot by the end of the year. 3. New York’s run defense may be the best in the NFL . Rich Schultz/Getty Images Doug Martin , Stevan Ridley , C.J.

By Annie Karni / NEW YORK DAILY NEWS Monday, September 30, 2013, 12:28 AM A report commissioned by Mayor Bloombergs foundation says tech and info firms, such as Viacom and Digg, helped the city avoid the worst damage of the 2008 financial collapse. Related Stories Wanted: An education reformer The city’s tech industry, with Mayor Bloombergs support, helped prevent the worst damage of the 2008 financial collapse at least according to the mayors own philanthropic foundation. The tech and information industry which includes Internet startups and app developers, as well as old media companies like Time Warner and Viacom was responsible for a third of the jobs created in the city since 2007, according to a new report commissioned by Bloomberg Philanthropies. After the financial collapse of 2008, it was predicted that New York . . . was going to have a deep recession and a weaker recovery than the national economy, said Michael Mandel, chief economic strategist for the Progressive Policy Institute and the author of the report. The big surprise here is it has outperformed the national economy by a significant amount. Social media news aggregator Digg was launched in 2004 and is headquartered in New York City. Private-sector employment declined by 3% nationally between 2007 and 2012, but it increased by 4% in New York City, Mandel said. And the growth of the tech industry in Brooklyn has outpaced the rate in tech hubs such as Austin, Tex.; Seattle; Cambridge, Mass., and Silicon Valley, according to the study, Building a Digital City. RELATED: NYC AIR IS THE CLEANEST AMONG AMERICAN CITIES In addition, the tech sector which employed 262,000 people in 2012, or 8% of the citys workforce comprises well-paying jobs. The $30 billion in wages earned by New York techies constitutes 11% of the citys private-sector income. Chris Hondros/Getty Images Viacom, also headquartered in New York, is the fourth-largest media conglomerate in the world. San Francisco and Silicon Valley were the birthplace of the industry with West Coast universities serving as midwives but New York City has the creative capital to feed the next phase of the tech boom, experts said. RELATED: IPHONE 5S RELEASE: HACKERS TRY TO CRACK SMARTPHONE’S NEW SECURITY SYSTEM The first boom in the last decade was essentially infrastructure companies, explained Andrew McLaughlin, CEO of Digg and Instapaper.

New York Jets: What You Need to Know Heading into Week 5

I agree with Kaplans assessment of Grunwalds tenure in New York. He has done a fantastic job tooling together a contending team despite the cap-limits the Knicks have been forced to deal with. This offseason alone proves Grunwalds worth to New York. Despite financial restrictions, the former general manager brought in seven new players and re-signed three. While some of Grunwalds moves can be considered risky, such as the acquisition of Andrea Bargnani in a deal centered around a 2014 first-round pick , most of his decisions seem to be low-risk, high-reward. Debby Wong-USA TODAY Sports Glen Grunwald was demoted after putting together New York’s 2013-14 roster. He decided to bring in Metta World Peace to serve as a defensive stopper alongside Iman Shumpert. Grunwalds decision to sign point guard Beno Udrih to back up Raymond Felton and Pablo Prigioni gives New York a proven ball-handler and game manager. He also signed two big men in Jeremy Tyler and, more recently, Cole Aldrich to increase New Yorks frontcourt depth. Aside from the Bargnani trade, Grunwald made smart, savvy decisions to improve a Knicks roster that was ousted in the second round of the playoffs against a more physical Indiana Pacers team. He did what he needed to do to make the Knicks a more physical team capable of matching up against big, strong teams such as Indiana and the Chicago Bulls . Not only has Grunwald improved the Knicks roster during his tenure with New York, but he has also helped the team advance to the second round of the playoffs, which no general manager had done in New York in over a decade, as Frank Isola of the New York Daily News said via twitter. Glen Grunwald did a lot with the little he had to work with. Knicks snapped a 13-year streak of not winning a playoff series…and he’s out Frank Isola (@FisolaNYDN) September 26, 2013 And what is Grunwalds reward for his efforts?

New York City’s tech industry saved it from worst damage of 2008 financial collapse: Bloomberg Philanthropies

SEPT. 27, 2013 PHOTO

The security measures are a setback for runners that have been training for the Nov. 3 event with the backpacks. Related Stories New York Post sued for labeling two young men as Boston Marathon bombers This year’s New York City Marathon is going to be a drier run. Security prompted by the lethal Boston Marathon bombings led race officials to ban CamelBaks hydration backpacks filled with water or containers bigger than 1 liter. Some of the 48,000 runners expected after Hurricane Sandy washed out last years race were hardly in step with the crackdown. RELATED: HALF-MARATHONER ACCIDENTALLY WINS WHOLE MARATHON IN ONTARIO, CANADA Ive been training with my CamelBak all this time! runner Tami Mask wrote on Facebook in response to a rules notice posted Friday on the New York Road Runners Club page. Im screwed! Other banned items for the Nov. 3 event include strollers, vests with pockets and costumes covering the face or any nonformfitting, bulky outfits extending beyond the perimeter of the body. The changes were instituted immediately after the April terrorist attack that killed three people and wounded more than 260 near the Boston finish line. RELATED: CELEBS JOIN PAMELA ANDERSON IN RUNNING NYC MARATHON Strollers and costumes ‘covering the face,’ like the one seen here, are also banned from the New York City Marathon. Runner Lisa McGarry, prepping for her 11th New York City Marathon, called hydration packs lifesavers for those who need water but dont want to lug bottles in their hands. I opened (the New York Road Runners) email to see that I can carry water or tea in anything but a vest or a pack, she said. I know this is just one race in one city.

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