Since Superstorm Sandy ravaged the New Jersey and New York coastlines last week, FEMA has already put more than 30,000 residents in hotels and motels and given out roughly $300 million in rental assistance.
New York City Mayor Michael Bloomberg on Friday announced more help for residents: a new program called NYC Rapid Repair for people whose houses were damaged by the storm. The program, paid for by the Federal Emergency Management Agency, will cut through bureaucracy and get contractors to many damaged homes starting next week, he said.
Originally published on Fri November 9, 2012 3:52 pm
If you fell asleep Rip Van Winkle-like earlier in the year only to wake up Friday, you might be forgiven for thinking no time had passed.
Because on Friday, President Obama called for higher taxes on the wealthy to be part of any agreement to avoid the fiscal cliff, while House Speaker John Boehner strongly indicated that proposal was a non-starter with House Republicans.
But, of course, we just had an election in which the president won a second term and, through that, some political capital. Exactly how much remains to be seen.
Originally published on Fri November 9, 2012 5:16 pm
Lockheed Martin announced that its board of directors asked for the resignation of Christopher E. Kubasik, 51, the current chief operating officer and incoming chief executive office.
"Kubasik, previously slated to become CEO in January, resigned after an ethics investigation confirmed that he had a close personal relationship with a subordinate employee," Lockeheed said in a statement. "His actions violated the company's Code of Ethics and Business Conduct, but did not affect the company's operational or financial performance."