Saturday, September 26, 2015
You should be able to cash an otb ticket
At any OTB in new York state
If you want to make money you must be open to take bets
OTB s cannot close on roman catholic palm Sunday in preference to Greek orthodox easter
Sunday tracks are running on both days
The comptroller having come from nassaucounty is disingenuous atbest
Teresabutler was fired for not ringing the doorbells for Tom suozzi,sued and won
Why be a criminal when you can be Teresa butler?
Financial Condition of New York State Regional Off-Track Betting Corporations (2014-MS-6)
If you want to make money you must be open to take bets
OTB s cannot close on roman catholic palm Sunday in preference to Greek orthodox easter
Sunday tracks are running on both days
The comptroller having come from nassaucounty is disingenuous atbest
Butler v. Nassau Regional Off-Track Betting Corporation et al ... - Justia
Apr 9, 2007 - Plaintiff: Teresa Butler. Defendant: Nassau Regional Off-Track BettingCorporation, Board of Trustees of Nassau Regional Off-Track Betting ...
Teresabutler was fired for not ringing the doorbells for Tom suozzi,sued and won
Why be a criminal when you can be Teresa butler?
Audits of Local Governments and School Districts
Financial Condition of New York State Regional Off-Track Betting Corporations (2014-MS-6)
We also released five letter reports to the following Off-Track Betting (OTB) Corporations: Capital OTB [pdf], Catskill OTB [pdf], Nassau OTB [pdf], Suffolk OTB [pdf], and Western OTB [pdf].
Released: September 25, 2015 -- [read complete report - pdf]
Purpose of Audit
The purpose of our audit was to assess the financial condition of the five regional OTB Corporations to determine if it has continued to deteriorate and whether officials have developed and implemented plans to benefit the Corporations’ financial condition for the period January 1, 2009 through August 31, 2014.
Background
Five regional OTB Corporations, formed pursuant to New York State Racing, Pari-Mutuel Wagering and Breeding law, are in operation in New York. Each OTB Corporation is a public benefit corporation governed by a Board of Directors. The OTB Corporations offer off-track pari-mutuel wagering on thoroughbred and harness horse races held at various racetracks in the State, as well as at racetracks located outside the State that have simulcast contracts with the Corporations. The Corporations accept wagers at branch locations, remote wagering locations, over the telephone and via the Internet. For the five-year period from 2009 through 2013, the five OTB Corporations collected almost $3.7 billion in handle.
Key Findings
- The five OTB Corporations have experienced an overall decline in handle over the five-year period 2009 through 2013, which collectively amounted to a decline of approximately $153 million, or nearly 19 percent.
- The five OTB Corporations’ total operating revenues decreased by $28.6 million (24 percent) from 2009 through 2013.
- The net operating revenue – operating revenues less expenses – decreased by $12.4 million over the five-year period for the five OTB Corporations, even though they reduced total operating expenses.
- There have been dramatic increases in the fees the OTB Corporations have to pay racetracks to simulcast races – as much as 300 percent.
Key Recommendations
- Explore cost-cutting measures and negotiate collectively for track rates.
- Increase revenues through innovative marketing.
- Analyze the cost/benefit of branch and remote locations.
- State policymakers should review and examine the formulas in statute that are used to calculate payments the OTB Corporations have to make.
Local Government and School Accountability Contact Information:
Phone: (518) 474-4037; Email: localgov@osc.state.ny.us
Address: Office of the State Comptroller, Division of Local Government and School Accountability
110 State Street, 12th Floor; Albany, NY 12236
Address: Office of the State Comptroller, Division of Local Government and School Accountability
110 State Street, 12th Floor; Albany, NY 12236
Ed mangano andrewcuomo Kevin mccaffrey
Nassau OTB sold municipal bonds guaranteed by Nassau county in about 2003. Nassau county carried slot machine money on the county budget and Ed mangano wants to continue the slot machine farce in2015 promising cash flow that never occurred and will never occur. Ed mangano teaches puerto Rico that it isnot as slick as nasau county where residents are believed to be deaf dumb blind and disinterested and the sec can only spell oyster bay and Fitch and Moody's don't gives damn
Lawmakers to Introduce Bill That Subjects Puerto Rico Funds to Federal Regulations
Proposed bill comes ahead of Senate committee hearing on commonwealth’s economic problems
Rep. Nydia Velazquez, D-NY, plans to introduce a bill that would subject Puerto Rico mutual funds to the same regulations as mainland funds. The move comes as the commonwealth continues to face a sluggish economy and high unemployment. PHOTO: RICARDO ARDUEGO/AP
Legislation that would subject Puerto Rico mutual funds to the same regulations as mainland funds is expected to be introduced in Congress on Friday, the latest sign that Puerto Rico’s financial crisis is drawing greater scrutiny from U.S. lawmakers.
Rep. Nydia Velazquez, a Democrat from New York, said she plans to introduce the bill, the Puerto Rico Investor Protection Act of 2015, in the House of Representatives, where it is expected to be referred to the House Committee on Financial Services for discussion. Rep. Maxine Waters of California, the top Democrat on the financial services committee, signed on as co-sponsor.
The proposed law aims to establish federal oversight for Puerto Rico’s mutual-fund industry after investors in Puerto Rico municipal-bond funds sustained heavy losses as the island’s fiscal crisis deepened. Puerto Rico has faced a sluggish economy and high unemployment for years, and Gov. Alejandro Garcia Padilla in June called the island’s $72 billion debt load unpayable.
“It is outrageous that, when investing their hard-earned money for retirement, Puerto Ricans are not afforded the same transparency requirements and consumer protections that apply in the mainland,” Ms. Velazquez said in a statement.
Ms. Velazquez, who represents parts of Manhattan, Brooklyn and Queens, is the first Puerto Rican woman elected to Congress. She’s not the only official from New York state, which has the nation’s largest Puerto Rican population outside the island, to make Puerto Rico’s debt woes a priority. In September, New York Gov. Andrew Cuomo visited the island and said he supported allowing Puerto Rico to seek bankruptcy protection. Puerto Rico and its public agencies currently can’t file for bankruptcy.
Puerto Rico is attracting broader attention as well. Presidential contenders Hillary Clinton and Sen. Marco Rubio have also visited the island in recent weeks, and Jeb Bush paid a visit in April. In Washington, the Senate Committee on Finance will hold a hearing on Puerto Rico’s financial and economic problems on Tuesday.
Mutual funds in the U.S. mainland are subject to the Investment Company Act of 1940. The law, however, doesn't apply to funds located in U.S. possessions that are sold only to residents of those possessions. At the time, the thinking was that the cost of travel would make it too expensive for regulators in Washington to oversee funds in far-flung, overseas territories.
Puerto Rico passed its own fund-oversight law in 1954, but analysts say it had become less stringent than current federal regulations. In Puerto Rico, UBS Group AG—whose local brokerage unit has a dominant position on the island—was able to underwrite bonds from Puerto Rico municipal entities and then sell those bonds to funds managed by UBS, collecting fees along the way. Some of the UBS funds amassed big positions in certain bond issues that were underwritten by UBS.
That behavior wouldn't have been allowed under federal law, said Mercer Bullard, a securities law professor at University of Mississippi School of Law who has also created an investor advocacy organization called Fund Democracy. Federal regulations would have “prevented the chain of relationships that UBS had at every step of the underwriting and distribution process,” Mr. Bullard said.
The losses in UBS’ Puerto Rico bond funds have been so severe that investors have filed hundreds of legal claims against the Swiss giant’s Puerto Rico brokerage unit. UBS says it is facing more than $1.1 billion in damages tied to its Puerto Rico activities. Many investors who filed claims are retirees who say that UBS brokers told them the funds were safe, when in fact they were heavily invested in just a few Puerto Rico bond issues and had used leverage, a risky strategy, to boost returns.
The legal claims have been filed with the Financial Industry Regulatory Authority, which uses arbitrators to adjudicate the cases. Arbitrators have ruled in favor of investors in some cases and in favor of UBS in others. The bank has also settled some cases, at times for millions of dollars.
UBS declined to comment on whether its Puerto Rico funds should be regulated under federal law. The bank has said previously that investors in the funds had received excellent returns for years, often exceeding the broader bond market.
Puerto Rico passed a new fund-oversight law in 2013, which according to Fitch Ratings aligns more closely to federal law. Still, making Puerto Rico funds subject to federal regulations “may help restore some confidence from investors that have had some difficulties,” said Ian Rasmussen, senior director in the fund and asset manager group at Fitch.
Friday, September 25, 2015
Andrew cuomo breathes easier now that pope
Francis did not point out to him that you cannot close Nassau OTB on roman catholic Easter Sunday in preference to Greek ortodox Easter Sunday.
Perhaps the pipe held his tongue because he knows of the forthcoming demise of Nassau county in bankruptcy court?
Perhaps the pipe held his tongue because he knows of the forthcoming demise of Nassau county in bankruptcy court?
So you want to support
Dear Kirk j Zachary,
A search of pubmed.org will show you reasons why a combination of aspirin and Metformin will prevent the spread of cancer cells, selectively kill cancer cells, and other useful things. The dosing regime is left to ordinary people to determine.
Since you mentioned tb I commend to your attention
Pubmed.org faustman DL
Pubmed.org. RISTORI + Bcg
Uspto patent search faustman
doctors are like lawyers, sometimes useful and often arrogant pricks
The greatest doctor ever was Hiram maxim whose medicine is administereed all over the world, safely cheaply inexpensively with guaranteed results.
A Jewish prayer book. PHOTO: GETTY IMAGES
When he was 8 years old, my son, Noah, a true-blue New York Yankees fan, visited his pediatrician for a physical exam before starting day camp. His doctor found a lump in his neck.
The evaluation began with a chest X-ray, which showed a mass; the CT scan confirmed a large lesion in his chest. As a physician, I prayed to God that it would be tuberculosis. Perhaps I was the only doctor ever to ask God to give his son tuberculosis. The biopsy revealed Hodgkin’s disease, a form of lymphoma, and I quickly began to pray for my son’s life. A deep, gut-penetrating fear seared through my body.
Tefillah is the Hebrew word for prayer. The Torah, also referred to as the Old Testament, begins with: “When God began to create.” And how did God create? With words. Genesis 1:3 “God said ‘Let there be light’; and there was light.” Genesis 1:26 “God said: ‘Let us make man in our image.’ ” Thus, we see that God used words to bring all that we know into existence.
For those who aren’t sure about God or don’t believe, as the recently deceased author and neurologist Oliver Sacks wrote: “Who cared if there was really any Being to pray to? What mattered was the sense of giving thanks and praise, the feeling of a humble and grateful heart.” As God used the power of his words to create, we use the power of our words to connect with God through prayer.
A small walk-in closet in my bedroom became my private sanctuary for both prayer and crying, mostly loud, weeping wails. It felt good to release the pain and fear—the pain of being a physician who still couldn’t protect my only son from cancer; the fear that he would not survive.
I prayed for Noah every day. I believe everyone prays to the same God. He is like a diamond that reveals different facets to different faiths and people, at different times. Prayer is a wireless call to God; sometimes it’s a one-way conversation. God is listening but he may not always provide an immediate response. That is part of the process.
Chemotherapy, smart doctors and prayer saved my son. My private talks and my private yelling at God, however, saved me. I felt anger and betrayal. How could God let this happen to my son, my only son. I screamed at God and to him. The rants ended in my quiet prayers to God for Noah’s healing. These things came together to treat his Hodgkin’s disease. Chemotherapy alone, prayer alone . . . neither would have been enough.
As sunlight damages the cells in skin, souls are done in by the travails of everyday life. Prayers can be solitary, but prayers from a church, mosque or synagogue are from a community. There is strength and support when you pray as a congregation. You are not alone; you are with like-minded people and with God.
Early in my career, I worked with New York University’s Dr. George Teebor,who researched DNA repair mechanisms. When a carcinogen or radiation injures the DNA in cells, innate repair enzymes attempt to repair the damage. If this process fails, the cells may turn malignant. As DNA repair enzymes work to heal cellular damage, prayer can repair damaged souls.
In 2007, I listened to Rabbi Ken Stern’s High Holiday sermon at New York’s Park Avenue Synagogue. Rabbi Stern was a caring and compassionate teacher. From the pulpit he spoke about prayer, asking the congregation: “Is God listening? Does God hear our prayers? Do our prayers make a difference? If you want to win the lottery, you must first purchase a ticket. If you want God to answer your prayers, you must first pray.”
He went on: “God gave man free choice and free will. So God can direct, guide and help, but not control everything,” Rabbi Stern said. “Prayer is not a magic bullet; prayer has other purposes besides petition: It is meant to help us become better people through our encounters with God.”
Earlier this week at Park Avenue Synagogue, during Yom Kippur services, Rabbi Neil Zuckerman taught that prayer can be transformative. He said that we remind both God, and ourselves, that “repentance, prayer and charity” can cause positive changes in our lives.
In the middle of Noah’s chemotherapy, I prayed for his survival. God heard my prayers for Noah. Twenty years later, Noah is married, works in public relations and is on the board of the nonprofit Stupid Cancer, an organization to support young adults affected by cancer.
Different religions have different routes to the same destination: being close to God. If you believe in God, prayer is how we talk with him. It links us with generations past and present and with those to come. If you do not believe in God, prayer can hedge your bet, prayer can crystallize your thoughts and hopes and your fears. Prayer is among your best hopes for becoming a better human being. Prayer can be the self-repair for the world of damaged souls.
Dr. Zachary is a physician in New York City.
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