Monday, February 21, 2022

Take your cash &

 ….

We are taking the Ira Block billion challenge and sueing to open Nassau otb on Roman Catholic Easter Sunday

Ira said it is a winner and will pay anyone who does it

Yale is condescending 



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Home > LI Confidential > Stop scratching on holidays

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.

OPEN ON 1ST PALM SUNDAY, OTB RAKES IN $2M

By 
NEW YORK DAILY NEWS |
APR 14, 2003 
  
New York City Off-Track Betting made history yesterday, taking bets on Palm Sunday. Since 1973, when Sunday racing was made legal in New York State, race tracks have been allowed to operate every Sunday except for Palm Sunday and Easter Sunday. While Aqueduct kept its doors shut, NYCOTB had its betting parlors open despite a letter from the New York State Racing and Wagering Board stating that it couldn't do so. "We're not a race track," NYCOTB president Ray Casey said. "OTB's business is a simulcasting business.
" Bettors responded by wagering an estimated $2 million yesterday on tracks from around the country, including Keeneland in Kentucky and Gulfstream Park in Florida. While in the past NYCOTB has respected the law and shut down on Palm Sunday, it took a chance this time because its business is down. "With the weather being the way it's been our handle has been off significantly," Casey said. "Our lawyers felt from their point of view that we could open (yesterday).
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" The law says race tracks can't open. It doesn't mention OTBs. "I respect the Racing and Wagering Board and I have the utmost respect for chairman Michael Hoblock but I felt we're right on this one," Casey said. The NYSRWB didn't return phone calls yesterday but said on Saturday it would meet this week to discuss fines and penalties it can impose on NYCOTB. "This isn't personal," Casey said. "I just didn't agree with the board's interpretation.
" Casey also said NYCOTB may open on Easter Sunday.

Yale Law School to Cover Full Tuition and Fees for Lowest-Income Students

Dean Heather Gerken urges other law schools to direct more of their financial aid to need-based scholarships

Yale Law’s new Hurst Horizon Scholarship will go to students whose families live below the federal poverty line.

By 
  
and 
  
/ Photographs by Tim Tai for The Wall Street Journal
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Yale Law School will begin covering full tuition for its lowest-income students next fall, as the elite graduate program aims to diversify its ranks and make obtaining a law degree more affordable.

Students from families with income below the federal poverty line will receive annual scholarships of about $72,000, covering tuition, fees and health insurance. The students will still be responsible for their own living expenses, which the school estimates to be about $21,000 this school year.

This year’s federal poverty level is $27,750 for a family of four. The school says roughly 8% to 10% of current students would be eligible for the award, which will be known as the Hurst Horizon Scholarship.

About 8% to 10% of current Yale Law students would be eligible for the new award.

The move is akin to what some of the wealthiest U.S. colleges do for undergraduate students, promising families will pay no tuition, or contribute nothing to school expenses, if their incomes are below a certain amount.

Medical schools have also stepped up aid offerings, with a handful now covering all expenses, or at least full tuition, for low-income students.

Yet many graduate students often borrowtens or hundreds of thousands of dollars, even in low-paying fields such as social work and the arts. While undergraduate students have limits on how much they can borrow from the federal government, graduate students can cover as much as their entire cost of attendance with loans. Education Department data show the Grad Plus loan program, through which graduate students borrow the bulk of their funds, is now the fastest-growing federal student-loan program.

SHARE YOUR THOUGHTS

Should law schools award more scholarships based on financial need instead of rewarding high test scores? Why or why not? Join the conversation below.

Nationally, 2020 graduates at public law schools who took out loans borrowed an average of $93,000 and those at private law schools borrowed $134,000, according to Law School Transparency, a consumer-advocacy group focused on legal education.

Last school year, 73% of Yale Law students received scholarships, averaging $29,361. On average, students in the class of 2020 each borrowed about $135,000.

Yale Law Dean Heather Gerken said the more generous scholarships are a natural extension of the school’s recent success in attracting and enrolling a more diverse student population. One in four first-year law students there is now the first in their family to attend professional school. More than half the class is now made up of students of color, compared with 32% between 2006 and 2016.

“We need to meet students where they are,” she said.

Yale Law Dean Heather Gerken says the school is working to attract and enroll a more diverse student population.

Among the nation’s 200 accredited law schools, only a few of the most prestigious regularly give need-based scholarships. For most, fierce competition for students that will help boost national rankings drives schools to offer scholarships based on test scores and grade-point averages. That means merit-based scholarships are doled out regardless of a student’s financial need.

“They’re trying to entice people with lower prices, and the people they want to entice are those that help their ranking,” said Kyle McEntee, who founded Law School Transparency.

Since white and Asian students have, on average, historically scored higher on the Law School Admission Test than have other racial groups, he said, such an approach harms broader diversity efforts.

Ms. Gerken said she hopes Yale’s move will push other law schools to direct more of their financial-aid dollars to need-based scholarships.

Alumni donations will help endow the new scholarship, including $20 million from 1992 graduate Soledad Hurst and her husband, financier Robert Hurst. Ms. Hurst grew up in Oregon below the poverty line and helped support her family financially even while taking out loans to fund her education. She said she had to borrow $5,000 from the law firm that hired her after graduation so she would have enough money to move to New York and start the job.

Her family’s donation, she said, was driven by a desire to “alleviate some of that unbelievable stress and burden on students, so they could go out and make choices for themselves.”

Yale Law’s library. Alumni donations will help endow the law school’s new scholarship.

Write to Melissa Korn at melissa.korn@wsj.com and Sara Randazzo at sara.randazzo@wsj.com

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