Albany News
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New York Governor Andrew Cuomo wants to break the connection between cash and politics that’s led to corruption in Albany for decades, and he says public financing of election campaigns is the solution.
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Twenty-five retailers including Hennes & Mauritz AB and Inditex SA pledged at least $60 million over five years to monitor safety in Bangladesh factories ahead of a midnight deadline to sign the accord after a building collapse that killed more than 1,100 people.
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New York Assembly Speaker Sheldon Silver was more interested in protecting his chamber than female employees of fellow Democrat Vito Lopez who accused the Brooklyn lawmaker of sexual harassment, a special prosecutor said.
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New York Governor Andrew Cuomo proposed creating a panel of officials to help struggling governments reorganize and merge, a step meant to avoid a state control board taking over a municipality’s finances.
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Goldman Sachs Group Inc. won dismissal of bond insurer ACA Financial Guaranty Corp.’s fraud lawsuit over a collateralized debt obligation known as Abacus.
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Public Service Enterprise Group Inc. will take over operations of the Long Island Power Authority, leaving the state-owned utility without any day-to-day responsibilities after thousands of its customers were left without power for weeks by Hurricane Sandy.
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The value of the New York state pension fund rose to a record $160.4 billion in year ending March 31, recovering after the financial crisis wiped out almost one-third of its assets, Comptroller Thomas DiNapoli said.
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Top-seeded Syracuse University erased an early four-goal deficit to beat Bryant 12-7 in its opening game at the national college lacrosse tournament, while Cornell University had the biggest upset of the first round with a 16-8 win over sixth-seeded Maryland.
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Colin Flaherty scored three goals to lead Yale University to a 10-7 victory over eighth-seeded Pennsylvania State University in the national men’s college lacrosse championship.
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New York Water Rangers, a coalition of 10 environmental groups, is calling on state Senator Tom Libous to recuse himself from fracking deliberations after his ties to a real estate company with a natural-gas lease were disclosed.
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