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City pension fund NYCERS dumps Russian holdings over Ukraine invasion

By Nolan Hicks

March 3, 2022 | 7:11pm

The NYC Employees' Retirement System pension fund will be dumping all of its Russian assets in response to the invasion of Ukraine.Christopher Sadowski

The Big Apple’s massive $88 billion pension fund for municipal employees is dumping its Russian assets as the backlash against the Kremlin’s invasion of neighboring Ukrainecontinues to grow. 

The move by the NYC Employees’ Retirement System, announced Thursday, will affect assets that were valued at $31 million on Feb. 25 — before the United States, United Kingdom and European Union imposed crippling sanctions on Russia’s major financial institutions and the country’s central bank. 

And it comes two days after the city pension fund that covers police officers voted to divest $42 million in Russian-linked assets

Ny const art 1 sec 3

Send an attorney for us Putin to pluck em good

 Gregory Floyd does not support freedom in New York . He is just another Kevin McCaffrey

The two major unions covered by NYCERS — AFSCME District Council 37 and Teamsters Local 237 — also endorsed the move.

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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.