Tags: bloomberg | boxes | leaving | city | term | ends | mayor

Bloomberg Taking 'Boxes' With Him: NYC Can't Use Terminals After Term Ends

Monday, 08 Jul 2013 12:36 PM

By Lisa Barron

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
New York City Mayor Michael Bloomberg will cancel the city's free use of his Bloomberg business terminals when he leaves office in January, reports the New York Post.

If the next administration wants to use the 60 so-called "Bloomberg Boxes," spread throughout the city's five boroughs, taxpayers will be charged $20,000 annually for each terminal, or $1.2 million a year.

Obamacare: Massive New Rules Revealed for 2013

When he took office in 2002, Bloomberg waived the fees for the 25 computers already being used by the city's financial departments and paid for another 35 terminals to be added at City Hall.

"The city was a paying client before Mike Bloomberg became mayor, and to remove any possible conflicts, the company [Bloomberg LP] agreed to provide free terminal use as long as he remained in office," company spokesman Ty Trippet told the Post, adding: "We don't expect that would continue after he leaves office in December."

The terminals have six monitors that offer real-time market data, news aggregation, Internet access, and a way for subscribers to submit trades electronically.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Democratic Pollsters: Obama Hurting Hillary's Chances

Sunday, 23 Nov 2014 21:52 PM

Two Democratic Party pollsters say President Barack Obama is hurting Hillary Clinton's presidential chances in 2016. . . .

Important Medicare Changes for 2015: What You Need to Know

Sunday, 23 Nov 2014 21:13 PM

Millions of seniors will have to dig deeper to pay for their Medicare benefits next year, thanks to rising costs for hea . . .

Report: Israel Considering Military Action Against Iran

Sunday, 23 Nov 2014 19:53 PM

As the deadline for nuclear talks between the P5+1 powers and Iran looms on Monday, Israel is warning it might use milit . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved