Financial Focus: Is Uber an Example of the New Stock Math?

Neighborhood Notes: Free Immigration Service

By PROF. ANTHONY RIVIECCIO, MBA PFA

An IPO, or an Initial Public Offering, is when a private company decides to go public. Why would a company do this? Many reasons, but two are 1) to show fundamental success and 2) a needed increase of cash flow by selling of their securities Uber, the car-sharing company just became public. It is a company that many say is reinventing the taxi space. It is a new, cute and revolutionary business model. Hire independent drivers, set up appointments via your cell phone through phone apps and the Internet, and voila! Your ride is waiting outside. The private money world

By DAVID CRUZ

Dear Fellow Readers, The year’s tenth edition of the Norwood News is out with plenty of great community news stories to dive into. There’s never a dull moment in the Bronx, and we’ve captured a good chunk of it. And as usual, we’ll start with page one! Our front-page story looks at the results of the annual Participatory Budgeting process that’s become a staple for Councilman Andrew Cohen. The results were unveiled on May 6, with some surprising results. Read the story by Emily Suzanne Lever and myself. Inside the cover you’ll find a piece on Assemblyman Michael Blake, who has ties

The $1 Million in Participatory Budgeting Results Are...

By EMILY SUZANNE LEVER and DAVID CRUZ

Norwood Councilman Andrew Cohen announced on May 6 that he’ll be contributing funds for bus countdown clocks, pothole repairs, and technology upgrades for public libraries as per the public through Participatory Budgeting initiative. The projects add up to $600,000, part of the $1 million the public has a direct say in spending through the initiative. The lion’s share, about $400,000, will go towards safety upgrades at Woodlawn Playground, with no specific projects for Norwood, unlike years before, which saw improvements to the Mosholu Public Library. “No projects specific to Norwood were available to vote on,” said Cohen, at a news

The Bronx Develops: South Bronx Waterfront Projects Spark Fears of Gentrification

By DAVID CRUZ

If the Democratic candidates vying for the seat in the 15th Congressional District intend to secure votes in that district, they may want to take a look at figures that can help mold their strategies in the early days of this race. The Norwood News broke down those figures contenders might want to take a look at that could influence their strategy in the early days of this race: Formal Candidates: Four candidates have formally declared in the order in which they declared: community organizer Jonathan Ortiz, Councilman Ruben Diaz Sr. of the 18th Council District, mentor Tomas Ramos, and

By DAVID CRUZ

Dear Fellow Readers, The year’s ninth edition of the Norwood News is out with plenty of community news you can use. There’s 20 pages full of great stories impacting the Bronx. And as usual, we’ll start with page one! Our front-page story has Mosholu Preservation Corporation (publisher of the Norwood News), asking a question: what are Norwood’s consumer needs? Norwood residents and stakeholders offered their take at a workshop that happened April16. But read about the needs from those who didn’t attend the workshop. We’ve picked up patterns. Inside the cover you’ll find a piece on Norwood Councilman Andrew Cohen

By DAVID CRUZ

The race for the 15th Congressional District seat may be more than a year away, but it’s already the hottest political ticket, with another politico jumping into the race. Assemblyman Michael Blake, the 79th Assembly District representative for the West Bronx and the vice chair of the Democratic National Committee, announced a run for the seat, which will be left vacant by the long-time officeholder, Congressman Jose Serrano. Serrano, who was diagnosed with Parkinson’s Disease, announced last month that he will not seek re-election. Blake’s rollout of his announcement veered away from standard rollouts. It was made via email while

How Residents and Merchants Are Defining Norwood's Consumer Needs

By DAVID CRUZ

By many accounts, Norwood’s commercial corridors represent a vibrant mix of mom and pop shops that largely comprise the makeup of the northwest Bronx neighborhood. And its commercial ranges are wide. There’s Hillside Meat Market, a staple in Norwood for more than 30 years, abutting La Mexicana Grocery, which caters to Norwood’s Hispanic population. But it doesn’t mean the corridor cannot do without add-ons or more stores. The question of what’s Norwood’s next big idea stood as the key question posed to residents by Mosholu Preservation Corporation (MPC), the 38-year nonprofit support corporation of Montefiore Health System (and publisher of

By DAVID GREENE

This week we asked readers their thoughts on Mayor Bill de Blasio’s possible bid to run for President of the United States. I wouldn’t let him walk my dog, and I don’t even own a dog. He shouldn’t even be running the city of New York because he’s a complete imbecile. Edward Burroughs Norwood Maybe, I think he’s trying to do a good job, but it would be better for him to be in the White House, so he could do the right thing for people. But he has to deliver for the city first and then he

By DAVID CRUZ

Norwood’s Councilman is exploring a run for Bronx Borough President, adding to a list of potential suitors for the borough’s top executive post. Councilman Andrew Cohen, the 11th Council District representative covering Norwood, Bedford Park, Woodlawn, Wakefield, Riverdale, Fieldston, Kingsbridge, and Marble Hill, told the Norwood News he’s weighing considering whether to enter a race that’ll open in 2021. He’s laying the ground work in some ways, crisscrossing different parts of the Bronx as a way of understanding its nuances and putting his name out there. “I’m not shy about it. I’m thinking about it,” said Cohen. “We’re approaching the