any us senators thst associate with clowns that do not know ha the roman catholic churc observe easter sunday using teo diddiferent calendars is a real andrew cuomo
Claude Solnik
Long Island Business News
2150 Smithtown Ave.
Ronkonkoma, NY 11779-7348
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Stop scratching on holidays
Published: June 1, 2012
Off Track Betting in New York State has been racing into a crisis called shrinking revenue. Some people have spitballed a solution: Don’t close on holidays.
New York State Racing Law bars racing on Christmas, Easter and Palm Sunday, and the state has ruled OTBs can’t handle action on those days, even though they could easily broadcast races from out of state.
“You should be able to bet whenever you want,” said Jackson Leeds, a Nassau OTB employee who makes an occasional bet. He added some irrefutable logic: “How is the business going to make money if you’re not open to take people’s bets?”
Elias Tsekerides, president of the Federation of Hellenic Societies of Greater New York, said OTB is open on Greek Orthodox Easter and Palm Sunday.
“I don’t want discrimination,” Tsekerides said. “They close for the Catholics, but open for the Greek Orthodox? It’s either open for all or not open.”
OTB officials have said they lose millions by closing on Palm Sunday alone, with tracks such as Gulfstream, Santa Anita, Turf Paradise and Hawthorne running.
One option: OTBs could just stay open and face the consequences. New York City OTB did just that back in 2003. The handle was about $1.5 million – and OTB was fined $5,000.
Easy money.
REPUBLICAN SENATORS INTRODUCE NEW PENSION BILL
Senators Chuck Grassley (R-Iowa) and Lamar Alexander (R-Tenn) have introduced a pension bill, the “Multi-employer Pension Recapitalization and Reform Plan,” to deal with the crisis affecting millions of retirees, surviving spouse, and active workers in some 125 pension plans.
The Grassley bill would partition plans that are in critical status, and move the so-called “orphan” retirees to the Pension Benefit Guaranty Corporation (PBGC) for their benefits. The PBGC would be strengthened with increased premiums from pension plans, and also payments from employers, actives, retirees and unions. Some federal money would also aid the process initially.
The PBGC maximum multi-employer benefit currently for a 30-year retiree is $1073 per month; it would apparently be about $1670 per month under this bill.
The bill has a number of other components, including stricter regulation of pension plans and changes in withdrawal liability.
The IBT announced the plan is being “actively reviewed” by the union. The Teamsters have endorsed S. 2254, the Butch Lewis Act. The IBT statement reports “we are glad to see senators on both sides of the aisle” are taking action.
The bill is extremely complicated. The “Technical Paper” with the terms of the bill is 77 pages long. More information and analysis will be available soon.
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