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Author Archives: Editor
St Vincent’s hospital closure: The first of many across the country?
April 7, 2010 St. Vincent’s hospital in Greenwich Village, Manhattan, is closing due to mounting debt and New York State cuts in funding. St. Vincent’s is the last tertiary care catholic hospital in the city. How can a business entity … Continue reading
Use medical device technology to seal the Gulf oil leak
May 16, 2010 It is now painfully obvious that the team of “expert engineers” working on ad hoc solutions to seal the oil-spewing pipe at the bottom of the Gulf of Mexico is incompetent. Saturday Night Live lampooned them on … Continue reading
Are ABC News and Bloomberg News partnering?
May 14, 2010 Are ABC News and Bloomberg News partnering? ABC News has been promoting Bloomberg news stories within their programs and introducing the stories with sentences such as, “A new report from the business giant Bloomberg news…” (see video … Continue reading
The iPad to have a cell phone feature added
By ANDREW JACOB and MARC McDONALDSON Published: April 1, 2010 Cupertino, California Apple announced today the reason for the short delay in shipping the new iPad. A cell phone feature has been added. AT&T will be the carrier. The first … Continue reading
Did the Daily Show copy BatteryPark.TV?
The May 10th Daily Show on Comedy Central featured a video segment poking fun at the way the TV news covered the false “fat finger” trader rumor. Their choice of segments, including obscure Fox Business footage that BatteryPark.TV first selected, … Continue reading
Exclusive: Citigroup is considering legal action over false rumors
May 10 BatteryPark.TV has learned that Citigroup has assigned their legal department to collect all of the video and text stories from last week that erroneously linked Citigroup to the “fat finger trader” rumor. Citi is trying to find the … Continue reading
How network TV spread a false rumor about the collapse of the Dow
May 9th, 2010 On May 6th, 2010, the Dow crashed 1000 points within 20 minutes. As with all unexplained market movements, unsubstantiated rumors popped up to explain the movement. The most sensational one was that a single human was to … Continue reading
Coalition to save Tire Swing Park
httpv://www.youtube.com/watch?v=bIyvnGy1e1g (more…)
Posted in Federal government, State Government
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Battery Pork City
April 13, 2009 The New York Post writes about the corruption scandal of the BPCA (more…)
Should Tiger Woods fire his inner circle?
Op-Ed April 9, 2010 Tiger Woods roared back to competitive golf at The Masters after taking a five-month hiatus to repair his marriage and undergo rehab for an undisclosed addiction. In true champion form, he posted his best first round … Continue reading
How close are Goldman Sachs and Merrill Lynch?
April 28, 2010 The Senate questioned the CEO of Goldman Sachs and other executives for more than eleven hours on April 27th. The most memorable moment came from Senator Levin using the word “shit” or “shitty” more than a dozen … Continue reading
Posted in Wall Street
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Who were the suckers buying the Goldman Sachs junk and why?
Op-Ed BatteryPark.TV, April 22, 2010 One of the key defenses used by Goldman Sachs in the SEC fraud case is that sophisticated institutional investors purchased the mortgage derivative product it sold, known as Abacus, and should have known better. “Mom … Continue reading
Posted in - Op-Ed, Wall Street
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New sod for the ball fields
March 20, 2010 The ball fields north of Goldman Sachs were turned to mud after the Fall soccer and Winter ice rink. After debating whether to convert to artificial turf, the decision to reinstall grass was made. Real grass is … Continue reading
Posted in Uncategorized
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A Trillion here, a trillion there
In an alarming anecdote supporting the notion that Americans have no concept how much the government is spending, NBC news mistakenly confused $900 Billion with $900 Trillion when describing the healthcare reform cost. httpv://www.youtube.com/watch?v=pExo_ZXtlbc (more…)
Another mistake on the national news
We recently pointed out a major mistake made on NBC national news. This time, ABC news made a gaffe in the form of a typo. Everyone makes mistakes. The more important observation is that the large reduction in staff that … Continue reading
Goldman Sachs left out of another big deal
March 29, 2010 Fox Business’ Charlie Gasparino is reporting that the U.S. Treasury has specifically excluded Goldman Sachs from one of the biggest equity deals of all time: the sale of Citigroup stock. Morgan Stanley got the lead underwriting deal. … Continue reading
Posted in Wall Street
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Legal Professor Randy Barnett: the constitutional challenges to the healthcare reform law
April 20, 2010 The new healthcare reform law will impact local hospitals and state budgets as the number of Medicaid patients increase. The plan to close St. Vincent’s is related to Medicaid issues. Healthcare systems in states across the country … Continue reading
Posted in Federal government, State Government
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More bad PR for Goldman Sachs
March 15, 2010 On March 14, 60 Minutes featured the author Michael Lewis and his new book about the collapse of Wall Street due to the subprime mortgage debacle. The video replay can be found here. In the story, the … Continue reading
Posted in Federal government, Wall Street
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Update: Did Goldman Sachs have a favorable article placed in the NY Times?
March 15, 2010 Perhaps related to our story last week about a freelance article in the NY Times that was conspicuously favorable to Goldman Sachs and the “10,000 Company” promise to lend $500 Million to small business, the NY Times … Continue reading
Posted in Wall Street
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Did Goldman Sachs have a favorable article placed in the NY Times?
March 11, 2010 The NY Times printed an article on March 10 that was favorable to Goldman Sachs. Any positive article about Goldman Sachs these days is noteworthy. The story, written by Peter Carbonara, mentioned how Goldman was helping small … Continue reading