The City of New York is in Economic Crisis

New York City Mayor Bill de Blasio  made a reminder that unless the required funds and subsidies are provided and agreements reached with the unions, he would have to lay off 22,000 city employees.

Mayor Blasio said that the city had lost 9 billion dollars in revenue due to the Coronavirus pandemic and that the annual budget deficit was 7 billion dollars. Mayor de Blasio announced that as of October 1, approximately 500 people working in his office, himself being in the first place, will take unpaid leave for one week in order to contribute a little to the city's budget.

At the press conference held by New York Mayor, Blasio said: "Today is a day when we have to take one more step. Therefore, every municipality employee in my office will be taking a one-week unpaid leave from October 1. I will also take a week of unpaid leave. The city workers will work a week less and get less salary", he said.

Mayor Blasio Called out to New Yorkers- Call Your Representatives

NYC Mayor  Blasio: "New Yorkers, push your federal representatives to help us receive this financial support. I ask your representative in the capital Albany to pressure the authorities so that the city can get long-term loans."

Mayor Blasio says that he trusts the NYPD. 

Mayor Blasio stated that he trusts the New York City Police Department (NYPD) concerning armed assault prevention and said: "Right now, we are facing a huge storm in New York. I guess New Yorkers understand this. We live the hell in this city. Everything unraveled at the same time because of the coronavirus pandemic."

Retirement Increases in NYPD this year

Police authorities have stated that over a period spanning from the end of May to September this year, thousands of New York Police Officers stepped down or retired, which suggests an increase of 75% when compared to the same period last year.

NYC Crime Rate Statistics:

The number of armed assaults increased in all boroughs except Staten Island. Last month, in August, there was a 166% increase in the number of armed incidents (242 v. 91).

Important data from the previous month's crime statistics:(August 2020)

-Murders increased by +34% in the first eight months of 2020, compared to the first eight months of 2019 (291 v. 217).

-Compared to the 91 shooting incidents taking place in August 2019, there were 242 city-wide shooting incidents in August 2020, which corresponds to an increase of +166%. 

-From the beginning of the year to August 31, there is a + 87% increase in city-wide shooting incidents (1,014 vs. 541).

-In August, there has been a +22% increase in the number of thefts (1,310 vs. 1,076), and from the beginning of the year to August 31, there is an increase of +42% (9,942 vs. 7.008).

10 Takeaways: The Israeli-UAE-Bahrain Agreement

 I also attended the signing ceremony between Israel, the United Arab Emirates, and Bahrain at the White House on September 15th. Before entering the White House, the street next to and in front of the White House began to be washed in the early morning. In the White House garden, preparations were in progress for state representatives to be welcomed with a military ceremony.I can say that a large army of journalists is ready in the Middle East.First welcoming the Foreign Ministers of Bahrain and then the UAE, President Trump later welcomed the Israeli Prime Minister Netanyahu. The ceremony, attended by 700 people, turned into quite a PR ceremony.

  President Trump  "We are here to change the course of history. After decades of division and conflict, we mark the dawn of a new Middle East."

  Israeli Prime Minister Benjamin Netanyahu  "This day is a historic day. It heralds new dawn of peace. Despite all the hardships we are facing, let's appreciate this important day. I would like to thank President Trump for his leadership."

  UAE Foreign Minister Abdullah bin Zayed al-Nahyan  "U.S is taking on a positive approach in the Middle East by demonstrating leadership. The agreement we have signed today is an indicator of this." 

  Bahraini Minister of Foreign Affairs Khalid bin Ahmed Al Khalifa  "I am grateful to the U.S. President Trump and Crown Prince Mohammed bin Zayed, of the United Arab Emirates."

  10 Takeaways:

  - While President Trump's entire team was present, many Jewish-American organizations in the U.S. also attended the signing ceremony as guests.

  - While Trump gifted Netanyahu the key to the White House, he briefly had separate meeting with  all country representatives in the oval office before the signing ceremony.

  -That only the Foreign Ministers representing Bahrain and the UAE attended the signing ceremony caught attention.

-President Trump and his wife welcomed- Israeli Prime Minister Netanyahu and his wife at the door. 

  - While the leaders were signing the normalization agreement prepared in three languages, being English, Hebrew, and Arabic, the three countries also jointly signed the text called "Abraham Accords." 

  -While the media close to Trump announced the signing ceremony as a great victory, the opposing press drew attention to the fact that this signing ceremony was not a peace but an economic agreement 

  -While President Trump's son-in-law Kushner stated that Israel would work towards making peace with 22 Arab countries, President Trump indicated that there could be an agreement with five countries on the line. 

  - The UAE became the third Arab country to sign a normalization agreement with Israel after Egypt in 1979 and Jordan in 1994 and followed by Bahrain to be the fourth Arab country. Uman is stated to be the next one.

 While the signing ceremony was continuing at the White House, sirens sounded in Israel's south. 

  - Stating that they wanted to be sure of Israel's military superiority in the Middle East, President of the House of Representatives, Nancy Pelosi, indirectly emphasized that they did not want Israel to provide military ammunition to Arab countries, including the UAE.

  Before the speeches at the signing ceremony, we discussed Turkey with the participants. I can assure you that many people expect a normalization between Turkey-Israel relations if Trump is elected to a second term.

  It is worth remembering that President Trump's Israel-focused Middle East policy is working with all its power to have Israel in an important position not only in the Middle East but also in the world

Ozmens’ SNC Secures New U.S. Army Contract to Continue Critical Encryption Device Production

Sierra Nevada Corporation (SNC), the global aerospace and national security company owned by Eren and Fatih Ozmen, was recently awarded a U.S. Army contract for $318.9 million for continued Simple Key Loader (SKL) production, engineering and sustainment support services. The SKL is a hand-held device used to load cryptographic keys into End Cryptographic Units enabling secure communications for U.S. tactical and strategic networks. It has proven itself capable, durable and cost-effective for U.S. Department of Defense (DoD) and Federal Civilian Agencies, NATO Allies and U.S. Coalition Partner Nations worldwide.

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Hanover Bancorp, Inc. and Savoy Bank Announce Strategic Merger Combination to Create a Premier NYC Metro Community Bank

MINEOLA, N.Y., Aug. 27, 2020 (GLOBE NEWSWIRE) -- Hanover Bancorp, Inc. (“Hanover” or “the Company”), parent company of Hanover Community Bank, and Savoy Bank (“Savoy”) are pleased to jointly announce that Hanover and Savoy have entered into a definitive agreement pursuant to which Savoy Bank will merge into Hanover Community Bank in a stock and cash transaction valued at approximately $63 million. The agreement was unanimously approved by the boards of directors of both companies. Directors of Savoy have executed voting agreements in favor of this combination. The Savoy directors own approximately 49% of Savoy’s outstanding shares.

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US Election Seen from Turkey: Turkish People Have "A Very Negative Perception of Joe Biden"

İpek Yezdani is an international freelance journalist based in Turkey. Our conversation has been edited for length and clarity.Carlos Santamaria: In your opinion, what are two or three issues that people in Turkey are concerned about regarding the upcoming US election?

IY: There are several very important critical issues for Turkey-US relations. One of them is, of course, Syria. During the Obama administration, there was huge support for the Kurdish YPG forces in Syria. During the Trump administration, this support has continued for a while. The Turkish government considers the YPG as a terrorist organization, but on the other hand, Turkey is an ally, a NATO ally, maybe one of the strongest US allies in the Middle East. We has been fighting against this terrorist organization for decades, so this is a very important issue for Turkey.

How Much Is The Western Union Company Paying Its CEO?

Hikmet Ersek has been the CEO of The Western Union Company (NYSE:WU) since 2010, and this article will examine the executive’s compensation with respect to the overall performance of the company. This analysis will also look to assess whether the CEO is appropriately paid, considering recent earnings growth and investor returns for Western Union. According to our data, The Western Union Company has a market capitalization of US$9.3b, and paid its CEO total annual compensation worth US$10m over the year to December 2019. That’s a notable increase of 10% on last year. We think total compensation is more important but our data shows that the CEO salary is lower, at US$1.0m.

The Greatest Generation’s Squandered Legacy

By DARON ACEMOGLU (Project Syndicate)  CAMBRIDGE – To the interwar generation of the first half of the twentieth century, today’s crises would have appeared rather ordinary. They had seen much worse: the two bloodiest wars in human history, mass unemployment and destitution created by the Great Depression (which still dwarfs this century’s recessions), and far more serious threats to democracy in the form of Soviet communism, fascism, and Hitler’s National Socialism.

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The death toll in the forest fires in the U.S. has increased to 33.

The number of people who have lost their lives in the forest fires in California, Oregon, and Washington, in the western United States, has risen to 33.

The death toll is on the rise in the forest fires in the western states of the U.S. It was reported that 33 people had lost their lives due to the wildfires which have been going on for the past three weeks in the western states of California, Oregon, and Washington. While thousands of houses became unusable in the region where millions of acres of land turned to ash, tens of thousands of people were forced to abandon their homes.

The authorities in Oregon indicated that there are tens of people who are still missing in the region and that the number of casualties may increase. The air pollution in the state's largest city, Portland, has reached a critical level due to the fires. A forced evacuation order has been issued for 40,000 people in Oregon, where the fires are still ongoing in 16 different locations. The authorities from Oregon have announced that they have found the bodies of 10 people who have lost their lives until now.

The firefighters in Washington, where there is at least one casualty, are still responding to 15 major fires. On the other hand, the number of those who have lost their lives in California since August 15 has risen to 22. 14,800 firefighters are still responding to 28 major fires in the state where evacuation orders have been issued for tens of thousands of people.

Forest fires in the U.S. might be a factor in the spread of the coronavirus.

During his statement to the U.S. media outlet CNN, Dr. Brad Spellberg, an executive at the USC Medical Center in the city of Los Angeles, said, "Several studies have demonstrated that there is a correlation between high air pollution levels and further infection rates and severity of coronavirus cases." 

Trump nominated for Nobel Peace Prize by Norwegian and Swedish Officials

A Norwegian far-right politician announced that he nominated the U.S. President Donald Trump for the Nobel Peace Prize for his Middle East efforts. Christian Tybring-Gjedde, a parliament member of the far-right Progress Party in the Norwegian Parliament, said President Trump should be selected for the Nobel Peace Prize for his work on the agreement reached between the United Arab Emirates and Israel. Israel and the United Arab Emirates had reached a historic agreement last month for the bilateral normalization of relations. The deal is expected to be signed on September 15 at the White House. 

In the meantime, Magnus Jacobsson from the Swedish Parliament was the second person to nominate President Trump for the Nobel Peace Prize. Jacobsson said that the reason behind this nomination for the prize is Trump's conciliation and peacemaking efforts between Kosovo and Serbia.

Former President Barack Obama was awarded the Nobel Peace Prize in 2009 at the very beginning of the first term of his early presidency.

Saying last year, "I would get a Nobel Prize for many reasons if they gave it out fairly," President Trump stated that the Nobel Prize is not awarded fairly.

In the written statement made by White House Spokesperson Kayleigh McEnany, reporting that President Trump is nominated for Nobel Peace Prize at a time, where the international community's support for peace treaties and trust for the Middle East are tested, she stated, "By uniting two of America's closest partners in the region, this agreement will create a more peaceful, secure, and prosperous the Middle East." 


The Norwegian Nobel Committee selects Nobel Peace Laureates, and the Norwegian Parliament appoints this committee, which comprises five members. Members of the committee, who are expected to represent the power of political parties equally, can remain in office for six years and be re-elected. Furthermore, all members must be citizens of Norway.


An individual or an institution cannot nominate themselves for the Nobel Peace Prize. Those who can be selected are listed as follows:

Apart from current heads of state, members of national assemblies and national governments (cabinet members, ministers),

Members of the International Court of Justice and the International Permanent Court of Arbitration in The Hague,

Nobel Prize is the prize awarded by the association established by Alfred Nobel to reward those who serve for humanity. The first Nobel Prizes were given in 1901. The first Nobel Prize winner in Turkey was Orhan Pamuk. In 2015, Nobel Prize in Chemistry was received by Aziz Sancar, a Turkish scientist.

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