September 3, 2010
Albany, NY
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Their Saratoga race is of another sort
- 09/02/2010
A reminder of the dangers inherent to horse racing is never far away when the horses are running at the Saratoga Race Course. A crew of two ride in the van, paramedics who also rotate through other emergency responder jobs at the track, including first aid. The men watch the post parade through binoculars and then position the ambulance about four car lengths behind the starting gate. Jumpy, nervous horses pulling and straining against the jockey and the outrider might be the ones who throw the jockey or rear up in the gate and crush the rider and assistant starter. Others were also hospitalized, including an exercise rider thrown when the horse he was riding was startled by a loud noise; and a jockey who was kicked in the stomach in the paddock. While the paramedics are there to pick riders off the track, Michelle Banghart is the one who guides jockeys through the medical system. Banghart carries a signed picture of the jockey tucked into a plastic sleeve, next to her track ID.
We'll spend a holiday free of storm
- 09/02/2010
The storm, still packing 125-mile-per-hour winds despite a downgrade Thursday to a Category 2, is expected to slide along the coast Friday and Saturday, but the storm's path appears far enough to the east to ensure blue skies in the Capital Region. "Instead of leaving Friday, when the storm may be affecting the area the most, many may wait to leave for the holiday on Saturday morning," said Nancy Shanley, local marketing and public relations manager for AAA. Shanley said AAA research shows that 4.8 million people will hit the road for the holiday in the New York/New Jersey/Pennsylvania region and the average trip most Americans will make this weekend will 635 miles, slightly less than last year's figure of 645 miles. According to a press release from the airport, up to 50 commercial and private aircraft are expected to arrive on Friday to ride out the storm. Vacationers along the East Coast will feel the hurricane's effects, with popular destinations like Cape Cod, Nantucket and coastal Connecticut expected to be hit.
Pension fund drop = tax rise
- 09/02/2010
Mandatory pension contributions for the state as well as municipalities -- including cities, towns and counties -- will jump 37 percent within two years thanks to a drop in the value of the recession-battered pension fund, Comptroller Thomas DiNapoli said Thursday. For police and firefighters, who are in a different, more generous pension system, the contribution will go from 18.2 percent of payroll to 21.6 percent. The mandatory increase will put the squeeze on many towns and counties, which are already groaning under rising health care costs for employees, flat sales tax revenues and decreases in state aid. Against that backdrop, though, the amounts that local governments have had to pay toward retirement costs, have gone up and down, depending on how much revenue the pension fund was generating in a given period. Wilson, a hedge fund manager who was involved in restructuring General Motors during the automaker's government bailout, released a 52-page report on the pension system in which he predicts a looming "catastrophe" of rising costs and falling revenues. Wilson believes the assumption that the fund will generate a 7.5 percent return is overly optimistic, and he believes that new public employees going forward should have to accept a less-generous retirement package, with a possible mix of pension and individually funded 401Ks, similar to the private sector.
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