New York City Opera Files For Bankruptcy

Unless another cultural or educational institution is willing to partner with the opera, or there is a “miraculous increase in donations,” the company will be forced to use the Chapter 11 process to liquidate, the affidavit said. The opera company also needed to raise an additional $13 million by the end of 2013 for future seasons, it said in a news release. The company had hoped to raise $1 million of the $7 million through an online site, Kickstarter.com, in a campaign that ended Monday. It raised only $301,019 from more than 2,000 donors. The organization raised $1.5 million outside of the Kickstarter campaign, according to the company’s spokeswoman Risa Heller. “The odds have been against us for a long time, but in the face of that difficulty we have made tremendous progress,” George Steel, general manager and artistic director for the company, said in a video for the failed online campaign. The company, dubbed “The People’s Opera” by former New York City Mayor Fiorello LaGuardia, was founded on the principle that every New Yorker should be able to afford to go to the opera, Steel said. He explained that in order for the company to break even, it would have needed to sell every ticket for $600. Instead, the starting ticket price was set at $25 to make the experience affordable. The New York City Opera received critical praise for its world premieres of works including Robert Ward’s “The Crucible” and Anthony Davis’ “The Life and Times of Malcolm X.” It opened its current season on September 17 with the opera “Anna Nicole,” which turned out to be the company’s last production. “We need the help of the people we were founded to serve to put on our season this year,” Steel had said, speaking to New York residents and opera fans everywhere.

New York City Marathon Signs Tata Consultancy as Title Sponsor

Technology has become such a big driver and influence in the city, so we were especially excited to tie those two areas together, Wittenberg said in a telephone interview. Though the partnership is signed and work will begin now on improving the NYRRs technology structure, Wittenberg said, the name change will begin Nov. 4, the day after this years NYC Marathon that is expected to draw about 48,000 runners. Were babes in the woods in terms of where we are with technology, Wittenberg said. There are a lot of areas we lead with New York Road Runners. I dont think its technology right now. TCS, a Mumbai-based part of Tata Sons Ltd., India s largest industrial conglomerate, has about 277,000 consultants in 44 countries, generating revenue of $11.6 billion for the fiscal year ending March 31, according to the statement. Other Marathons TCS has been the title sponsor of the Amsterdam Marathon and had smaller sponsorship deals with the races in New York, Boston , Chicago and Berlin, as well as running events in India. About 50 percent of TCSs business is U.S. based, according to Natarajan Chandrasekaran, chief executive officer. Wellness, fitness, education; these are the types of initiatives we actively promote in the communities, Chandrasekaran said in a telephone interview. It helps us to bring the talent that we have to leverage in the work we do in communities, and it helps us to energize our workforce. Last years NYC Marathon was amid criticism over initial plans to hold the race days after Hurricane Sandy devastated parts of the city. We have since last November focused on being here with all of our full energy and resources for our community in New York, Wittenberg said. International Logo Still, the new NYC Marathon logo has a global focus, with blue, yellow, red and green roads leading into the Statue of Liberty, an image that most represents New York City as welcoming the world, Wittenberg said.

U.S. judge blocks New York credit card surcharge law

But the cost is baked into the price of all the goods and services we buy.” IMPACT ON OTHER LAWS Authorities including New York State Attorney General Eric Schneiderman, Manhattan District Attorney Cyrus Vance and Brooklyn District Attorney Charles Hynes argued that the state law protected shoppers by enabling them to rely on advertised prices, rather than be surprised at checkout with surcharges. “We are reviewing the decision and considering our next step,” Melissa Grace, a spokeswoman for Schneiderman, said. The offices of Vance and Hynes had no immediate comment. “Rakoff is well-known and works in one of the most powerful district courts in the country,” said Clay Calvert, a University of Florida professor and First Amendment specialist. “His reasoning could be very influential on judges in other courts considering similar laws elsewhere.” The judge issued a preliminary injunction against enforcing the law while the case before him is pending. He also let the plaintiffs pursue claims that federal antitrust law preempted the New York law. Retailers have long complained about the cost of accepting credit cards, including the so-called interchange or “swipe” fees that they pay to card networks such as MasterCard Inc and Visa Inc. John Gleeson, a federal judge in Brooklyn, New York, is weighing approval of a $7.2 billion class-action settlement between retailers, MasterCard and Visa over swipe fees. Rakoff said the information conveyed by surcharges “is relevant to current debates over swipe fee regulation, as well as financial regulation more broadly.” RETAILERS, CONSUMER GROUPS OPPOSED LAW The New York law subjects retailers to a potential one-year prison sentence and $500 fine for imposing surcharges. In practice, it prevents retailers from selling a $100 item for $102 to customers who pay with a credit card. By contrast, it does nothing to stop retailers from offering “discounts,” such as by charging $98, to customers who use cash. Several retailers and consumer groups supported the plaintiffs, including supermarket chains Kroger Co and Safeway Inc, drugstore chain Walgreen Co, the U.S.

New York Giants

— A trade that would send linebacker Jon Beason from the Carolina Panthers to the New York Giants will go through if the three-time Pro Bowler passes a physical on Friday morning, according to multiple Internet reports. The move initially was reported by Jay Glazer of Fox Sports on Twitter, citing a Panthers source. NFL Insider Ian Rapoport for the NFL Network and NFL.com also reported a source confirmed the trade. It would come two weeks after Beason was replaced in the starting lineup by former Giants Chase Blackburn in a 38-0 victory over New York. He played only one snap in the game. Coach Ron Rivera said on Wednesday that Blackburn was the likely starter for Sunday’s game at Arizona, and that Beason needed more time to get in football shape after offseason microfracture knee surgery. The Panthers reportedly will receive a late-round draft choice. Team officials did not immediately return phone calls. But the move makes since considering new Carolina general manager Dave Gettleman came from the Giants and New York is in need of defensive help. The Giants (0-4) rank 21st in the league total defense, 28th against the rush. Whether or not Beason can help remains a question. His play was a liability as the Panthers (1-2) lost their first two games.

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