We've been off the cable television for quite some time (all you need is a Roku box, people), so it's with great relief that we read that we're saving so much money by having kicked the habit. 20 Something Finance broke down the numbers recently, discovering how much a cable subscription costs each household in an average lifetime, and what one could make by investing that money instead. more ›

A judge in Chicago issued an arrest warrant for Knicks center Eddy Curry—for the second time! According to the Chicago Sun-Times, "Cook County Circuit Judge Alexander White ordered Curry’s arrest on Monday, after learning Curry failed to sign an agreement to pay the balance of a $660,000 legal settlement reached after he was sued for allegedly having sex with an underage girl. The case stems from a 2001 relationship the two had when she was 14 and Curry was 18." Other reports suggest that Curry, who is still owed over $11 million by the Knicks, is in financial trouble: He was ordered to pay $75,000/month on a defaulted personal loan and, last year, a bank issued a motion to foreclose on his $3.7 million home. more ›

Instead of disclosing information about their personal finances and their spouses' personal finances, rap mogul Jay-Z and influential former Congressman Rev. Floyd Flake have bailed out of the Aqueduct Entertainment Group—the casino company selected by Gov. Paterson to operate slot machines at the Aqueduct Racetrack. The Observer reports that Jay-Z and Flake, who both own less than 1 percent shares in AEG, withdrew because they "felt the confidentiality surrounding their personal information could not be maintained." more ›

Governor Paterson was saying "I told you so" yesterday when discussing NY State's finances. After grim news that there was a shortfall in the state's general fund, Paterson said that there was a $600 million shortfall in that fund (you know, the one used to pay for state operations, etc.) but there was $883 million available, "I want to be sure everybody in the state understands we are not running out of money," adding, "I will not let the state run out of money as long as I can stand on two feet. What we have been trying to point out since we introduced the deficit reduction plan in September is the fact that our state is spending beyond its means." more ›

Amanda Ernst is dancing for pennies as the new editor of Mediabistro's Fishbowl NY. This morning she appeared on the Today Show with her financial guru, telling the tale of how she went from making $50K/year at Condé Nast to just $1,666/month (about $20K/year) at the house of Laurel Touby. Livin' the dream. Some tips: cut out your gym membership, New York Times subscription, and social life whilst earning extra bucks babysitting. more ›

News about Rep. Charles Rangel's assets—and his problems disclosing them—continues to trickle in. After adding $500,000 in previously undisclosed assets to his 2007 finance report, the Post revealed that he also forgot to disclose the sale of a Harlem townhouse—worth as much as $1.3 million—and also that he "failed to reveal a staggering $3 million in various business transactions over the same period." This, from the chairman of the House Ways and Means Committee! more ›

So much for the State Legislature moving forward on a plan to introduce $2 tolls on currently free East River and Harlem River bridges—opposition from State Senators (from even within his own Democratic party as well as other Democratic state and city officials) has forced State Senate Majority Leader Malcolm Smith's hand into delaying any sort of decision by demanding an audit of the MTA's finances. Wait, there was no audit of the MTA's finances before a deal would be made? more ›

This summer Roc-a-Fella Records co-founder Damon Dash received a warning from his bank after having not made a payment on his $78,504.20-a-month mortgage since January. Now the Daily News is reporting that the bank wants his two Tribeca condos, which under the same mortgage and located at 25 N. Moore Street and 79 Laight Street. On top of losing the homes, the city is seizing his SUV and "his lawyer dropped him for not paying his legal bills." Yikes, what happened to the $20 million he got for selling his half of Roc-a-Fella to Jay-Z? He also has an outstanding $2.1 million bill from the New York State Department of Taxation and Finance. A lawyer who settled another suit against him and his wife for unpaid fees told the paper, "to borrow a phrase from my Kentucky homeland, they haven't got a pot to piss in - they're broke." more ›