Tag Archives: Ponzi scheme

5.29.14 — Bronx News that Matters

29 May
Clinton pic Marison

Students of the renewed DeWitt Clinton High School on Mosholu Parkway. Photo by Marisol Diaz/The Riverdale Press

The Riverdale Press reports on DeWitt Clinton High School’s comeback.

A new chair of Community Board 9 in the southeast Bronx is only 31, the youngest in the city. But the Daily News reports that generally there are very few young people — particularly teens — on the Bronx’s 12 community boards. None of CB 11’s board members are under 45, for example.

The Daily News reminds readers that Bernie Madoff’s so-called Ponzi scheme, a financial earthquake, led to Yeshiva University losing $110 million back in 2008, and that fiscal tragedy is a big part of the reason Yeshiva is partnering with Montefiore to run the Albert Einstein College of Medicine.

A new retail plaza is headed for the borough’s “Hub” in Melrose by the end of the year, reports the Daily News. It will feature Metropolitan College’s Bronx campus, a Fine Fare Supermarket, and Vista Optical. (No link.)

In one of the borough’s most competitive state Senate primaries, on May 22 the Ben Franklin Democratic Club in Riverdale starkly backed incumbent Jeffrey Klein – A Democrat but co-founder of the Independent Democratic Conference which often collaborates with the Senate’s Republicans — over Oliver Koppell, a former Councilman and long-term member and organizer of that very club.

Speaking of which, in his BoroBeat column, Bronx Times editor Bob Kapstatter credits club president Ellen Feld for “keeping the pandemonium” at the Club’s significant session “to a manageable level.” Kapstatter also reports Gov. Cuomo naming BP Ruben Diaz, Jr. as a co-chair of his re-election campaign.

Community Board 7 is pushing for a store in the Fordham Road D-train station, reports the Norwood News.

Jarrett Murphy, editor of City Limits, takes a look at the city’s rat battle.

The New York Times reports on Lincoln Hospital’s emergency room, probably the city’s busiest.

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