Matthew Schuerman

New York, NY —

Laid off Wall Street executives don't just stand in line at the unemployment office. Their employers sometimes include "transition services" as part of a severance package. As WNYC's Matthew Schuerman reports, the companies behind these services have flourished as the economy has worsened.

REPORTER: These high-end ...

New York, NY —

The authority's full board approved a measure revoking the practice of giving government agencies and departments free EZ-Passes.

The MTA says it will bring in $10 million it can use to plug its budget deficit. But Mark Page, one of Mayor Bloomberg's representatives to the MTA ...

New York, NY —

Charities have been hit hard by the latest stock market swings. WNYC's Matthew Schuerman reports on a foundation that was heavily invested in AIG, the insurance company that is being bailed out with an $85 billion federal loan.

REPORTER: Established by AIG Founder Cornelius Vander Starr, ...

New York, NY —

The MTA has unveiled one of the measures it's taking to avoid a repeat of the widespread flooding of the subway system in August, 2007: raised sidewalk ventilation grates.

REPORTER: The grate's two-foot-high stainless steel walls would prevent rainwater from flowing into subway tunnels. MTA Chief ...

New York, NY —

The Buildings Department is trying to fill about 90 vacant positions, many of them new jobs added by Mayor Bloomberg to improve construction safety.

REPORTER: A couple dozen architects and engineers showed up at the department's offices on Lower Broadway Thursday to attend a job fair. ...

New York, NY —

The new Yankee Stadium's financing will be the focus of a congressional subcommittee hearing today. Since its approval, the city's costs have risen so much that it may no longer be making more money from tax revenues than it's putting into the project. WNYC's Matthew ...

New York, NY —

Lehman Brothers' bankruptcy will likely have domino effects on other industries, especially if it decides to sell its Times Square headquarters and sublease other space it uses. WNYC's Matthew Schuerman has more.

REPORTER: Throughout Manhattan, the bank occupies a total of about 2.7 million square feet ...

New York, NY —

Governor Paterson says he wants to hold onto the agency in charge of planning at Ground Zero.

REPORTER: Earlier this week, Mayor Bloomberg suggested eliminating the state's Lower Manhattan Development Corporation, to expedite development at the World Trade Center site. But the Governor says the LMDC ...

New York, NY —

Gov. David Paterson is giving the proposed Moynihan Station in West Midtown one last shot. He wants the Port Authority, which he controls along with New Jersey Gov. Jon Corzine, to take over the sputtering transit project.

PATERSON: Moynihan Station is going to need more tracks, ...

New York, NY —

Governor Paterson is giving the troubled Moynihan Station proposal in West Midtown one last shot. He is giving the city and stat agencies involved 45 days to come to an agreement on how to renovate renovation Penn Station and create a new train hall in ...

New York, NY —

Some corners of the former World Trade Center location are showing progress, but others are not. The Port Authority is having trouble finishing preparatory work for one of the planned office towers.

SCHUERMAN: The Port Authority, which owns the site, was supposed to turn over the ...

New York, NY —

Fifty years after double-decker commuter buses disappeared from the streets of Manhattan, a new model will start picking up passengers in Staten Island later this week. New York City Transit president Howard Roberts says the pilot run will give officials a chance to weight their ...

New York, NY —

When the Empire State Development Corporation held hearings last week on whether to declare property in West Harlem "blighted," no board members showed up. That's not unusual for the state authority, but it would be if another agency were in charge. WNYC's Matthew Schuerman explains.

REPORTER: ...

New York, NY —

Office workers, laborers and students are getting used to eating their lunch in the middle of the intersection of 23rd Street and Broadway.

They are all part of a pedestrian plaza that the city's transportation department created by taking traffic lanes out of service and narrowing ...

New York, NY —

Columbia University's expansion into West Harlem is entering its final stage. The state's economic development agency began holding hearings last night on whether it should invoke eminent domain to take possession of properties the university doesn't own.

It's not enough to argue that Columbia's expansion will ...

New York, NY —

Nine days before the seventh anniversary of the terrorist attack that destroyed the World Trade Center, construction workers raised the first piece of steel for the Sept. 11 memorial.

WNYC's Matthew Schuerman was there.

REPORTER: For a milestone at Ground Zero, this one had less pomp and ...

New York, NY —

The first steel column for the September 11 memorial will be put into place this afternoon, according to officials.

The National September 11 Memorial & Museum at the World Trade Center, as the complex is officially known, is one of several building projects at Ground Zero ...

New York, NY —

The 41st annual West Indian American Day Parade is making its way down Eastern Parkway in Brooklyn this afternoon. Thousands of people are in the parade, wearing lavish costumes and riding colorful floats. One of them is Dwaine Wilson, a Harlem resident and a native ...

New York, NY —

Transportation Commissioner Janette Sadik-Khan has attracted more than just attention since joining Mayor Michael Bloomberg's cabinet last May. She's also pulled in lots of private money.

Congestion pricing didn't work out, but Sadik-Khan has implemented numerous smaller innovations that transportation advocates had been pushing for ...