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November 29, 2015 / 17 Kislev, 5776
At a Glance

Posts Tagged ‘NYC’

Arab Bank Settles NY Fed Court Case over Hamas Terror Attacks

Sunday, August 16th, 2015

Jordan’s Arab Bank Plc has agreed to an out-of-court settlement with 500 U.S. citizens in a lawsuit charging the bank with fiscal liability for Hamas terrorist attacks during the second intifada.

The bank was set to face the start of a trial on Monday with 17 plaintiffs that was to determine the potential amount of total financial damages to be paid, an amount that could have reached millions of dollars.

Michael Eisner, attorney for the plaintiffs, confirmed the settlement on Friday, as did a spokesperson for the Arab Bank. Neither disclosed the terms of the agreement, which are to be finalized over the next few months.

The Arab Bank was accused of knowingly maintaining accounts for Hamas operatives and facilitating payments to families of suicide bombers and those imprisoned or injured during the second intifada, beginning in 2000.

Arab Bank argued it had properly screened account holders and transactions against lists of designated terrorist organizations.

In September 2014 a jury in federal district court in Brooklyn, New York found the bank liable under the U.S. Anti-Terrorism Act for 24 terror attacks carried out by Hamas terrorists more than a decade ago in and around Israel.

The Bank of China, Credit Lyonnais SA, HSBC Holdings Plc and Royal Bank of Scotland Group Plc, among others, are all facing similar claims.

F.A.O. Schwarz Closing Flagship July 15 on NYC’s Fifth Avenue

Monday, July 6th, 2015

It’s the end of an era.

F.A.O. Schwarz on New York City’s Fifth Avenue is closing its doors because rising rent prices have finally exceeded even the fiscal ability of this iconic tribute to childish fantasies.

The brand itself will not die, according to Toys R Us, which bought out F.A.O. Schwarz in 2009.

However, the corporation has yet to find a new location for the toy store, hopefully a process that won’t take too long.

“In working with the property owner, the company was able to agree on an early exit in advance of the 2017 lease expiration, providing the opportunity to realize meaningful rent savings,” the company explained in a statement on its website. “As a result, we plan to formally close the Fifth Avenue location on Wednesday, July 15.

“The decision to vacate this space is due to the continuing rising costs of operating a retail location on Fifth Avenue in New York City. The company is committed to the FAO Schwarz brand and growing its legacy. In fact, it is actively searching for another location in midtown Manhattan where FAO Schwarz can welcome shoppers from around the world.”

It seems, however, that wherever that may be, it will be a somewhat smaller operation, according to the company’s statement.

“The company is working diligently to place as many full- and part-time team members as possible at Toys“R”Us and Babies“R”Us locations in the greater New York/New Jersey area.”

The New York City flagship store on Fifth Avenue has for decades been a “must-see” stop on the tourist route in the Big Apple for visitors from around the world.

Swastika on the F Train

Thursday, June 4th, 2015

Service on New York’s subway line running from Queens through lower Manhattan and on to Brighton Beach in Brooklyn was disrupted Tuesday morning by an anti-Semite with a sharp instrument and an attitude problem.

The unidentified vandal scratched a swastika on to the F train, according to an MTA source.

A train dispatcher noticed the Nazi symbol on the front of the lead car of the northbound train while it was standing at the 179th Street station in Queens at about 8:10 am ET.

The train was taken out of service – annoying a lot of commuters – and sent to a train yard in Jamaica, Queens for further examination.

The New York City Police Department’s vandal squad has launched an investigation into the incident.

LIVE: New York Celebrates the Israel Day Parade [video]

Sunday, May 31st, 2015

New York is celebrating for one of its largest, most popular – and possibly more controversial – parades of the year: the Israel Day Parade. More than 30,000 marchers are parading down the city’s most famous street — Fifth Avenue — from 11 am to 4 pm ET.

Hundreds of thousands of spectators began gathering early Sunday as organizations prepared their floats and schools brought their students on the buses to designated step-off sites. Random groups of protesters hoping to express their thoughts tried to break into the area of the march to reach spectators and marchers but failed miserably — New York’s finest had already blocked off the area long, long before.  Security is tight and the area is well-protected with both uniformed and undercover personnel.

Millions of others around the world who are unable to attend can participate virtually via the Internet as well: the Nachum Segal Network begins its live feed of the event at 11 am ET, and CelebrateIsraelNY.org — the official website for the parade and all Israel Day Parade events in New York today — kicks off its official live feed at 12 noon.

This year, popular Israeli vocalist “Rita” will be performing, as will: Miri Ben-Ari, a Grammy Award-winning violinist, Golem, SoulFarm, The Shul Band, The Ramaz Band, The Israel Dance Institute, The Areyvut Mitzvah Clows and many others. The NYPD Shomrim Society – the organization of Jewish New York City Police Officers – will also be marching, along with the city’s Fire Department and many local and state officials as usual. Hundreds of Jewish schools and community organizations will be joining them on foot and on floats as well.

Also marching in the parade this year are several controversial groups, including the Americans for Peace Now and the New Israel Fund, both of which carry out activities against Israeli development and in support of the Palestinian Authority. There has been a great deal of debate over their participation in the parade, which was established to express pride in the rebirth and continued life in the State of Israel.

Other Israel Festival activities are continuing in various locations around the city, including Central Park and at Pier 94, until 7 pm.


Time-lapse Movie of One World Trade Center Construction

Friday, May 29th, 2015

In recognition of the opening of One World Observatory in New York City, EarthCam released a special edition of their One World Trade Center video. It shows the completion of construction from October 2004 to Memorial Day 2015.

Hundreds of thousands of high definition images were captured over the past 11 years and hand-edited for this exclusive time-lapse movie.

2 Islamic Holidays to Close NYC Public Schools Next Year

Wednesday, March 4th, 2015

New York City public schools will close next year for two Muslim holidays – Eid al-Fitr and Eid al-Adha.

The two Islamic celebrations were officially designated as public school holidays by the New York State Department of Education this week.

Mayor Bill DeBlasio made the announcement Wednesday (March 4) at a news conference, saying it was “only fair.”

Children from a community that is an “integral part of the city” should be able to celebrate their holidays as do others in New York, DeBlasio said.

The Mayors of Two Great Cities Meet

Monday, February 23rd, 2015

Nir Barkat is the mayor of Jerusalem, but Bill de Blasio is the mayor of the city with the largest Jewish community.

Printed from: http://www.jewishpress.com/tv/video-picks/the-mayors-of-two-great-cities-meet/2015/02/23/

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