ALBANY – New York City OTB is threatening to break the contract with its unions if they don’t agree to concessions by Tuesday to help the agency out of bankruptcy.
New OTB President Greg Rayburn warned Friday the only other option would be to shut down the struggling government-run bookie agency.
Rayburn says he has proposed a plan to reduce payments to the state’s race tracks by $32 million – and seek another $16 million in union concessions.
Under the plan, the city’s OTB would cut its workforce by 400, close 10 betting parlors and seek private partnerships to build sports bars with OTB parlors.
OTB would also satisfy $65 million in debts to the tracks by handing over its online and phone-betting operations to its creditors, including the New York Racing Association, which operates three Thoroughbred tracks.
In return, the state would drop its claim of $10 million from OTB, he said.
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As I mentioned earlier, we are in the process of refinancing our mortgage to take advantage of the record low rate. We have heard back from our broker and there is good news and bad news. The good news is we have locked in a rate that’s much lower than our current rate of 4.25% APR, so we can save some money on monthly payment 
The bad news is that the rate was locked in on Monday and we could only get 3.875%, not the 3.75% I had hoped for With this rate, the monthly bill will be lowered by less than $80, which probably won’t make any big difference. However, since the refi won’t cost us anything (the broker even reimburse the $20 charged to check our credit scores), whatever the amount saved is our pure gain. So even it’s a small money, we will happily take it.
Because this is a refinancing, it doesn’t involve any recalculation of how much loan we can afford. We are ba
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The purpose of a safety program is to involve employees in achieving and maintaining a work environment that is safe and healthy. This program will discuss a safety committee, and try to solve problems, accidents that can cause injuries and illness. A few accidents, injuries and illnesses will reduce your Workers’ Compensation costs and insurance premium rates and can increase your profits.
There are steps being taken to a Safety Committee and the program has grown to an effective one. These steps include:
In weekly meetings of security and if your company has 10 or fewer employees, would be for employees in safety committee meetings in part beneficial. Low-risk job as an office setting may substitute for the monthly meetings to weekly meetings. Discuss can you get to what people do or maintain a safe working environment and healthy. U
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The appeal was allowed. The Court of Appeal concluded that there was no duty to defend the respondent.
The appellant, Meloche Monnex, appealed from a judgment declaring that it had a duty to defend the respondent for civil assault and battery. The respondent was sued by Skidmore for injuries allegedly sustained in a physical altercation. The respondent took the position that the claim against him by Skidmore fell under the coverage of his home owner’s policy. Meloche Monnex relied upon the exclusion in the policy for damages arising from intentional acts. The respondent argued that he was acting in self defence when he hit Skidmore and therefore it was not an intentional act.
The Court of Appeal considered whether extrinsic evidence, beyond the statement of claim such as the statement of defence and affidavits, could be considered in determining if there was a duty to defend. However, the Court of Appeal concluded that whether or not additional materials were considered, the result was the same. If the
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Back in May, I did a Q&A with University of Chicago economist Raghu Rajan, who argues that income inequality contributed to the financial crisis. Over the weekend, the NYT dove into that topic, highlighting the work of Harvard Business School’s David Moss:
Mr. Moss said that income inequality might have complicated links to financial crises. For instance, inequality, by putting too much power in the hands of Wall Street titans, enables them to promote policies that benefit them — like deregulation — that could put the system in jeopardy. Inequality may also push people at the bottom of the ladder toward choices that put the financial system at risk, he said. And
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