Tuesday - April 23, 2024
Federal Tipoffs Involving New York Newsletter for Sunday May 17, 2020 ( 14 items )  

BLS Issues Report on Consumer Price Index in New York-Newark-Jersey City for April 2020
NEW YORK, May 13 -- The U.S. Department of Labor's Bureau of Labor Statistics - New York-New Jersey Regional Information Office issued the following report on the consumer price index in New York-Newark-Jersey City for April 2020: Prices in the New York-Newark-Jersey City area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), declined 0.5 percent in April, after edging down 0.2 percent in March, the U.S. Bureau of Labor Statistics reported. Chief Regional Economist Marti  more

Court of International Trade Issues Opinion in T.T. International Vs. United States Case
NEW YORK, May 12 -- The U.S. Court of International Trade issued the following slip opinion (Court No. 19-00071): T.T. INTERNATIONAL CO., LTD., Plaintiff, v. UNITED STATES, Defendant, and THE AMERICAN HFC COALITION ET AL., Defendant-Intervenors. Before: Claire R. Kelly OPINION AND ORDER [Sustaining the U.S. Department of Commerce's final results in the 2016-2017 administrative review of the antidumping duty order on hydrofluorocarbon blends from the People's Republic of China.] Matthew T.  more

DOD Awards $134 Million Contract, Providing Personal Protective Equipment for Medical Personnel at 15,000 Nursing Homes
WASHINGTON, May 14 -- The U.S. Department of Defense issued the following statement by spokesman Lt. Col. Mike Andrews: "The Department of Defense's Defense Logistics Agency, in coordination with FEMA and the Centers for Medicare & Medicaid Services, has signed a $134 million contract award with the Federal Resources Supply Company to provide personal protective equipment (PPE) kits including protective eyewear, gloves, gowns, and masks for medical personnel at over 15,000 nursing home location  more

EPA Announces $16 Million Water Infrastructure Loan to Cortland, New York
WASHINGTON, May 12 -- The Environmental Protection Agency issued the following news release: The U.S. Environmental Protection Agency (EPA) announced a $16 million Water Infrastructure Finance and Innovation Act (WIFIA) loan to the City of Cortland, New York to support a portfolio of sewer rehabilitation and water main replacement projects. This WIFIA loan will help this small community in upstate New York protect public health and the environment by helping provide safe drinking water and depe  more

FTC Files Complaint Alleging Telemarketers, Debt Collectors Worked Together To Bilk Organizations for Subscriptions, Books They Never Ordered
WASHINGTON, May 14 -- The Federal Trade Commission issued the following news release: The Federal Trade Commission sued the operators of a Pennsylvania-based telemarketing scheme, alleging that they charged organizations such as businesses, schools, fire and police departments, and non-profits for books and newsletter subscriptions they never ordered. The FTC's complaint also names the defendants behind a New York-based debt collection operation, alleging that they illegally threatened the org  more

N.Y. Fed: Consumer Expectations Deteriorate Sharply for the Second Consecutive Month
NEW YORK, May 12 -- The Federal Reserve Bank of New York issued the following news release on May 11: The Federal Reserve Bank of New York's Center for Microeconomic Data released the April 2020 Survey of Consumer Expectations, which shows considerable deteriorations in households' expectations about most economic outcomes. The perceived probability of losing one's job reached a new series' high for the second consecutive month. Expected earnings, income, and spending growth each reached series  more

National Transportation Safety Board: Improperly Used Train Approach Warning Led to New York Railroad Worker's Death
WASHINGTON, May 15 -- The National Transportation Safety Board issued the following news release: The National Transportation Safety Board issued Thursday the final report for its investigation of the June, 10, 2017, Queens Village, New York, railroad accident in which a railroad roadway worker was struck and killed by a train. The accident occurred when a Long Island Rail Road train, on track three in multiple track territory, approached a five-member crew of roadway workers in the Queens Int  more

New York Fed Announces Start of Certain Secondary Market Corporate Credit Facility Purchases on May 12
NEW YORK, May 12 -- The Federal Reserve Bank of New York issued the following news release: The Federal Reserve Bank of New York announced that the Secondary Market Corporate Credit Facility (SMCCF) will begin purchases of exchange-traded funds (ETFs) on May 12. As specified in the term sheet, the SMCCF may purchase U.S.-listed ETFs whose investment objective is to provide broad exposure to the market for U.S. corporate bonds. The preponderance of ETF holdings will be of ETFs whose primary inv  more

New York Fed Releases Notice of Interest for the Municipal Liquidity Facility
NEW YORK, May 16 -- The Federal Reserve Bank of New York issued the following news release: The Federal Reserve Bank of New York released a Notice of Interest (NOI) for Eligible Issuers to express interest in selling notes to the special purpose vehicle (SPV) Municipal Liquidity Facility LLC. Filling out the notice of interest is the initial step for an Eligible Issuer to provide eligibility information to the SPV for review. An Eligible Issuer should submit an NOI only when it has determined   more

The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the First Quarter
NEW YORK, May 15 -- The Federal Reserve Bank of New York issued the following news release: The Federal Reserve and U.S. Treasury did not intervene in foreign exchange markets during the January - March 2020 quarter, the Federal Reserve Bank of New York said in its quarterly report to the U.S. Congress. The U.S. dollar, as measured by the Federal Reserve Board's broad trade-weighted dollar index, appreciated 7.1 percent in the first quarter of 2020, which was the most since the fourth quarter   more

Treasury Secretary Mnuchin Issues Statement on Start of Secondary Market Corporate Credit Facility Purchases
WASHINGTON, May 13 -- The U.S. Department of the Treasury issued the following statement on May 12 by Secretary Steven T. Mnuchin on the start of certain Secondary Market Corporate Credit Facility purchases: "Since announcing the Primary and Secondary Market Corporate Credit Facilities (PMCCF and SMCCF) on March 23, we have seen a dramatic improvement in liquidity and credit market function. Today, the Federal Reserve Bank of New York will begin purchasing shares of eligible U.S.-listed exchang  more

TSA Employees at Albany International Airport Assist With Drive-Through Food Bank
ALBANY, New York, May 14 -- The U.S. Department of Homeland Security's Transportation Security Administration issued the following news release: Transportation Security Administration employees at Albany International Airport have a long memory. And that's a good thing. They remember what it was like a year ago during the government shutdown when they worked for weeks without getting paid. But more important is that they remember the generosity of members of the community who came through the   more

U.S. Court of Federal Claims Issues Reported Opinion and Order Involving Arrowood Indemnity Vs. United States
WASHINGTON, May 16 -- The U.S. Court of Federal Claims issued the following reported opinion and order (Case No. 13-698C): ARROWOOD INDEMNITY COMPANY et al., Plaintiffs, v. THE UNITED STATES, Defendant. Motion to Dismiss; RCFC 12(b)(1); RCFC 12(b)(6); Jurisdiction; Standing; Direct Claims; Instrumentalities; Coercion; Agent; Collateral Estoppel; Issue Preclusion; Conservators; Conflict of Interest; Third-Party Beneficiaries; Stock; Shareholders; Fannie; Freddie; FHFA Richard M. Zuckerman, New  more

U.S. Department of Commerce Invests $748,500 to Improve Wastewater Infrastructure in Support of Business Growth in Prattsburgh, New York
WASHINGTON, May 14 -- The U.S. Department of Commerce's Economic Development Administration issued the following news release: The U.S. Department of Commerce's Economic Development Administration (EDA) is awarding a $748,500 grant to the town of Prattsburgh, New York, to make critical wastewater improvements needed to support growth in the city's downtown business district. The EDA grant will be matched with $748,500 in federal and local funds. "Supporting our communities as they update vita  more