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City’s cruise ship industry sails toward new growth

Ports in Manhattan and Brooklyn are reaping the benefits of a global cruise boom, with a record-high year of passengers boarding skyscraper-length liners for getaways from the city. Approximately 1.5 million passengers passed through the Manhattan and Brooklyn cruise terminals this year, according to city Economic Development Corp. data obtained by Crain’s. It was a

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Feds approve New York’s health plan tax to unlock billions for state budget

Federal health officials have greenlit New York’s plan to enact a tax on health insurers, securing what could amount to billions for the state’s Medicaid budget. The U.S. Centers for Medicare and Medicaid Services approved a state proposal to tax managed care organizations – a type of health insurer – and boost New York’s federal

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MSK, Anthem reach deal on payment rates to keep thousands of cancer patients in-network

Memorial Sloan Kettering Cancer Center and health insurer Anthem Blue Cross and Blue Shield have reached a deal on payment rates, maintaining coverage of cancer services for thousands of patients in New York, the organizations said Monday. The agreement comes days before an existing contract between the Upper East Side oncology hospital and the insurer

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On Politics: DA’s indictment presents new hazard for mayor’s re-election

How much trouble is Mayor Eric Adams in this time? Last week, Manhattan DA Alvin Bragg charged Ingrid Lewis-Martin, once the most powerful person working under the mayor, with doing government favors for a pair of Manhattan real estate developers in exchange for cash bribes for herself and her son. She was charged with felony

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StreetEasy’s ex-CEO built a Tribeca penthouse. McDonald’s wants it demolished.

The Tribeca penthouse is the kind of luxury New York home that would draw lingering looks on StreetEasy. It’s fitting, given that it’s owned by Michael A. Smith, the real estate site’s co-founder and former chief executive. But now, Smith’s condo, which he expanded upward to add more stories, is being targeted for demolition by

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Casino battle, mayor’s race will dominate New York politics in 2025

If 2024 was a turbulent year in New York politics, 2025 may well make it look tranquil by comparison. This year featured the indictment of a sitting mayor, high-stakes races for Congress, the passage of historic housing reforms, and the stunning pause and subsequent revival of congestion pricing. Next year, the docket looks even busier:

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Construction executive in Adams corruption case to plead guilty, prosecutors say

A construction company executive implicated in Mayor Eric Adams’ corruption case will be charged with orchestrating illegal campaign donations and has agreed to plead guilty, prosecutors revealed Monday. Erden Arkan, owner of KSK Construction, was accused of arranging false “straw” donations to Adams’ 2021 campaign in order to help Adams secure more public matching funds.

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