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The panel discusses the outlook for mass transportation across the US amid waning federal pandemic emergency aid and lagging ridership as metropolitan area commuters continue to work from home. This episode includes a remembrance of our great friend and colleague, Richard Ravitch, the former New York State lieutenant governor, Metropolitan Transportation Authority chairman, Volcker Alliance director, and tireless advocate for fiscally sustainable state and local budgeting, who passed away on June 25. Our panel of experts includes Janno Lieber, chair and chief executive officer, Metropolitan Transportation Authority; former US Transportation Secretary Anthony Foxx; Kurt Forsgren, managing director and sector lead for transportation in US Public Finance at S&P Global; Frank Jimenez, senior fiscal policy analyst, California Legislative Analyst's Office; and Leslie Richards, general manager and chief executive officer, Southeastern Pennsylvania Transportation Authority. Notable Quotes: “I made the case that it was insane for New York [to not receive funding to avert a fiscal cliff], when 85% of our commuters use mass transit. It was an intense equity issue.” - Janno Lieber “What is clear in the post-COVID era is that the critical role that transit plays is not going to change. We have to rethink how we make decisions. We know that cities, regions and transit are intrinsically related – we know that our futures are tied together; that the stronger a transit system is, the stronger the region it operates in is as well.” - Leslie Richards “Ultimately in the final budget package, the legislature provided $5.1 billion to support transit agencies across the state over a four-year period. This funding is on top of the state's baseline funding which supports transit agencies and is funded by fuel taxes and vehicle fees.” - Frank Jimenez “Whether that is in the form of sales taxes, or as New York has done with congestion pricing, I think we're going to have to look at new ways to generate income from local and state sources to support our transit systems.” - Anthony Foxx “Even for transit agencies where we have sales tax or other forms of tax that make up the bulk of revenues, we felt like the ridership loss is likely to impact their operating funds and have ripple effects across their enterprise.” - Kurt Forsgren Be sure to subscribe to Special Briefing to stay up to date on the world of public finance. Learn more about the Volcker Alliance at: volckeralliance.org Learn more about Penn IUR at: penniur.upenn.edu Connect with us @VolckerAlliance and @PennIUR on Twitter, Facebook and LinkedIn Special Briefing is published by the Volcker Alliance, as part of its Public Finance initiatives, and Penn IUR. The views expressed on this podcast are those of the panelists and do not necessarily reflect the position of the Volcker Alliance or Penn IUR.
Are we staring down "Lehman II?" In a way, yes, according to Bloomberg Opinion's Chris Bryant. He joins to explain. We also dig into the UK's climate miss with columnist Lara Williams, and Opinion's Brooke Sutherland joins to talk about AI's impact on manufacturing. And Allison Schrager discusses her column on Richard Ravitch. Amy Morris hosts.See omnystudio.com/listener for privacy information.
On This Week's Edition of New York NOW: Lt. Gov. Antonio Delgado (D) took office last year, and he's been busy. We introduce him to you and catch up on what he's been up to. The New York State Education Department has issued a new framework for schools surrounding transgender and gender-expansive students. We'll speak with Kathleen DeCaltado, assistant commissioner for the Office of Student Support within the State Education Department. Former Lt. Gov. Richard Ravitch -- a titan of New York politics and fiscal management -- has died. We remember his time in public service and show you part of what he told us last time he was in the New York NOW studio. Explore More: nynow.org
Sam Roberts, obituaries reporter and former urban affairs correspondent at The New York Times, host of CUNY-TV's “The New York Times Close Up” and the author of The New Yorkers: 31 Remarkable People, 400 Years, and the Untold Biography of the World's Greatest City(Bloomsbury Publishing, 2022), talks about the life of New Yorker Richard Ravitch, who died Sunday. He helped save the city from bankruptcy in the 1970s, chaired the MTA and served as lieutenant governor of the state.
New York City is buying nearly $100,000 in submachine guns for correction officers at Rikers Island. The Asia Society appoints Yasufumi Nakamori as its new director. It's primary election day in New York, with polls now open in four of the five boroughs. Registered Democrats, Republicans, and, in a Bronx City Council district, Conservatives, can cast ballots until 9pm Tuesday. WNYC's Michael Hill speaks with reporter Brigid Bergin about what's at stake. And finally, prominent civil servant Richard Ravitch has passed away. He was 89. Known for saving New York City from financial crisis in the 1970s and modernizing the MTA in the 1980s, Ravitch also served as lieutenant governor under Governor David Paterson. WNYC's Stephen Nessen has a remembrance
Dominic Carter interviews Sid Davidoff, NY Political Expert about the life and times of the late great Richard Ravitch. Learn more about your ad choices. Visit megaphone.fm/adchoices
Richard Ravitch, hero of 1970s fiscal crisis and former lieutenant governor, dies at age 89 by WSKG News
While the US unemployment rate is near a record low and $5 trillion in federal pandemic aid continuing to support the economy, American cities are enjoying healthy budget surpluses as COVID-19 recedes. But many of the underlying contributors to municipal distress and bankruptcy in the 2010s—underfunded pensions, deteriorating infrastructure, and population loss among them—still pose threats to many cities' long-term fiscal health. Our panel of experts includes Rob Dubow, director of finance, City of Philadelphia; Heather Gillers, reporter, the Wall Street Journal; Stephanie Miner, former mayor, Syracuse, New York, and director, the Volcker Alliance; Richard Ravitch, former lieutenant governor, New York, and director, the Volcker Alliance; and David Schleicher, professor, Yale Law School. Notable Quotes: “Things could have been much much worse with that ARP funding. We would have had to make even more painful cuts, and those cuts would have been not only bad for the city, but bad for the entire region because we are the economic engine for the region.” - Rob Dubow “You have this pretty significant expense as Chicago and other cities start to go and weather this next period where you have a possible recession. You have the impact of remote work on city revenues, you have the expiration of the federal stimulus aid that was handed out during COVID. So that's sort of a new chapter in a lot of ways.” - Heather Gillers “Have the same crises facing them once again. And they're the crisis of, whether you say legacy costs or unfunded liabilities, both pensions and something that nobody really wants to talk about because it is so hugely immense, which is retiree health care. When I was facing this after the Great Recession, Dick Ravich said to me, ‘Kid, it's not that hard. You either have to cut your expenses or increase your revenues. That's how you balance a budget.' But of course, it is extremely difficult.” - Stephanie Miner “We've been living through this period of flush state and local budgets, and we're about to see a real turn. We can use that to look forward, but we can also use that to look backward to say, ‘How good of a boom did we have, and how does that set us up for the coming difficulties?'” - David Schleicher Be sure to subscribe to Special Briefing to stay up to date on the world of public finance. Learn more about the Volcker Alliance at: volckeralliance.org Learn more about Penn IUR at: penniur.upenn.edu Connect with us @VolckerAlliance and @PennIUR on Twitter, Facebook and LinkedIn Special Briefing is published by the Volcker Alliance, as part of its Public Finance initiatives, and Penn IUR. The views expressed on this podcast are those of the panelists and do not necessarily reflect the position of the Volcker Alliance or Penn IUR.
Former MTA chief and NY lieutenant governor Richard Ravitch (who's also a donor to The City) and Volcker Alliance senior director William Glasgall join the pod to break down their warning in the Daily News about the fiscal cliffs ahead—and explain why, in spite of those cliffs and the need for constant fiscal discipline, the city remains unbowed and its future remains bright.
Over his many decades in public life, Richard Ravitch has worked in the private sector and the upper echelons of New York state government. The former Lieutenant Governor and Metropolitan Transportation Authority chair is now on the Board of Directors of the Volcker Alliance, the non-profit established a decade ago by former Fed Chair Paul Volcker that aims to bolster the public sector workforce and keep government spending honest. Ravitch served as Lieutenant Governor under Gov. David Paterson through 2010.
William Glasgall and former New York Lt. Gov. Richard Ravitch of the Volcker Alliance join Jim to discuss why a major influx of federal money might be mismanaged under current local government financial practices.
Former Lieutenant Governor and MTA Chairman Richard Ravitch joined Errol Louis to weigh in on New York’s fiscal crisis and the rise in New Yorkers leaving the five boroughs. He discussed what actions the city should be taking and had some advice for the incoming Biden administration to help struggling states. And he talked about his experience as MTA chairman and the crisis the agency is facing due to the pandemic. He also discussed the race for mayor and shared his thoughts on current field of candidates. JOIN THE CONVERSATION Do you have any thoughts or questions for Errol? Weigh in on twitter with the hashtag #NY1YouDecide or give us a call at 212-379-3440 and leave a message.
The coronavirus, civil unrest and urban flight have pummeled them nationwide. In our first podcast segment on the Future of Cities, Richard Ravitch of the Volcker Alliance, Nicole Gelinas of the Manhattan Institute and Kathy Wylde of the Partnership for New York City spell out problems and remedies. Paul Burton hosts this deep-dive chat. (23 minutes)
Richard Ravitch 5-31-20 by John Catsimatidis
Richard Ravitch, Former Lieutenant Governor of New York and Chairman of the MTA, on how to fund the NYC subway crisis, outlook for the infrastructure bill, and Puerto Rico. Liam Denning, Bloomberg Gadfly columnist, on how Tesla investors keep giving it the benefit of the doubt, despite constantly moving targets. Kurt Kara, Head of Value Equities at Copenhagen-based Maj Invest, discusses the stock fund that beats 95% of peers while ignoring CEO talk and research.
This seminar was given by Richard Ravitch, former chair of the New York Urban Development Corporation and former lieutenant governor of the state of New York. It was held on February 5, 2015 as part of M-RCBG’s business and government seminar series.
Bob Herbert's Op-Ed.TV has Richard Ravitch lending his expertise in a field that affects us all - infrastructure - explaining why our nation's bridges and roadways, power plants, drinking water systems and aviation need more maintenance to keep us safe.
Stansberry Radio - Edgy Source for Investing, Finance & Economics
Welcome back to Stansberry Radio.Porter starts the show with a recap from his latest Digest Premium... If you don't want to buy stocks and you don't want to think about your investments, then you won't want to miss this update.Porter then reveals a big secret about corporate bonds that most investors are unaware of… This one has huge potential.Americas Car-Mart is back in the headlines... Aaron brings up the recent recall made by GM... You won't want to miss Porter's comments.Then, their guest, author of So Much to Do: A Full Life of Business, Politics, and Confronting Fiscal Crises, Richard Ravitch, joins the show.Porter asks Richard to tell listeners what caused the financial trouble during his time in public office and what has changed with the states that are still in trouble today.You'll hear him share the most significant action made in 1975 that has made sure that New York City has not been in trouble fiscally since then. Porter asks Richard a hypothetical question and is surprised by Richard's honest and thoughtful response.It's a fantastic show and an incredible interview.
Richard Ravitch, MTA chairman, baseball labor negotiator, Lieutenant Governor, NYS Budget Task Force co-chair, after 6 decades in public service is now an author. His well received memoir, "So Much To Do" is both NY's past and a guide to the future.
This is an archived copy of The Daily Standard podcast. Please note that advertisements, links and other specific references within the content may be out of date.
Richard Ravitch, former NY Lieutenant Governor, and chair of the MTA (1979 to 1983), talks about the MTA's problems and prospects, such as new revenue sources, ideas proposed many years ago: tollls on bridges, increased gas taxes and car registration.
Doug Muzzio calls Richard Ravitch, New York State government's "Mr. Fixit," and a civic treasure. Mr. Ravitch shares some of his concerns about the practice of delaying payment or borrowing to pay pensions and other commitments.
Richard Ravitch, of the State Budget Crisis Task Force, discuss the just issued "New York Report." Doug describes the report as "policy and political dynamite." Doug Muzzio and Richard Ravitch discuss NY's fiscal health-the bad news and the good news.
Richard Ravitch, Former head of the New York State Urban Development Corporation and Former head of the Metropolitan Transit Authority, is a guest speaker in this video series along with Jack Bigel, President of Program Planner Inc., and Edward Rogowsky, City Editor of CUNY-TV.
In the second part of a two-part series, Doug discusses Medicaid with Lt. Governor Richard Ravitch. Co-hosting once again with Doug this week is Professor Sarah Bartlett, Director of the Urban Reporting Program at the CUNY Graduate School of Journalism.
In the first part of a two-part series, Doug discusses Medicaid with Lieutenant Governor Richard Ravitch. Co-hosting with Doug this week is Professor Sarah Bartlett, Director of the Urban Reporting Program at the CUNY Graduate School of Journalism.
In part 2 of a two-part series, Richard Ravitch, Chair of the MTA Financing Commission, returns to discuss the state of the MTA, as well as the possible new bridge tolls and fare hikes that New Yorkers might see in their future.
In part 1 of a two-part series, Richard Ravitch, Chair of the MTA Financing Commission, joins Doug to discuss the state of the MTA, as well as the possible new bridge tolls and fare hikes that New Yorkers might see in their future.