New York Gov. Andrew Cuomo signed a law yesterday that requires all New York minors to get parental permission before getting any body part but their ears pierced.

Supporters hope the new law will keep people under the age of 18 from getting a spontaneous piercing before considering the possible health effects.

Approximately 20 percent of body piercings get infected, according to the Governor's Office. People who get pierced can also contract hepatitis from the procedure.

“As body piercings can often result in infection and a permanent scar, it seems logical that parents should be in involved in the decision,"  said Senator Joseph E. Robach, a co-sponsor of the bill. "This law will help educate both parents and children of the potential risks of piercings and help them make informed decisions together.”

New York is now one of 32 states that requires parental permission for minors to get piercings, according to the press release.

Now check out some unbelievable body art >

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The New York City Straphangers Campaign released its 15th annual summer State of the Subways Report Card and rankings based on a large set of criteria. Its ratings are based on factors including on time performance, cleanliness, mechanical breakdowns, your chances of getting a seat and frequency of announcements.

Here are the highlights:

• The Q train was rated the top subway line for the first time since 2001 in part because of the most announcements and its above average rating in delays, seat availability and cleanliness. The 7 and J/Z lines tied for second.

• The C train was rated the worst subway line by a wide margin and was worst or second to worst in scheduled service, delays, cleanliness and announcements. The 2, 4, A and B lines also rated low.

• The E train had the fewest mechanical breakdowns, while the C had the most.

• The 1 line had the cleanest cars while, you guessed it, the C had 25 percent of its cars with "heavy or moderate" dirt.

• The 6 line had the most scheduled service, a train every 2.5 minutes, while the C had the fewest scheduled trains.

• Overall, trains got dirtier. Ten percent of trains were viewed as unclean, as opposed to six percent in 2011.

• Subway car announcements improved three percent, but mechanical delays increased by 1.5 percent.

Now see what happens to subway cars when they retire >

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The Chapel Hill Mansion in Riverdale, N.Y. has hit the market for $13.588 million.

The home, built in 1928, has seven bedrooms and eight bathrooms.

The head of the New York Theological Society commissioned the house for the preparation of the "second coming of Jesus Christ," according to The Real Deal. 

The home would house "the Christian savior once he returned to earth to judge the living and the dead," listing broker Sean McPeak of Prudential Douglas Elliman, told The Real Deal.

The 15,000-square-foot house sits on 2.3 acres of land.

Manhattan College previously owned the property, and had planned to use it as dormitories or a seminary, but is now in the hands of a private owner who is an attorney, The Real Deal reported. 

Welcome to West 253rd Street.

The home features marble floors imported from the Vatican and chandeliers from the Plaza Hotel.

In the foyer and bar area, gold and silver leaf adorn the ceilings.

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Glen Coates isn't a particularly wealthy guy, but fundraising was the furthest thing from his mind when he wrote the first lines of code for his startup two years ago.

Since then, Coates has bootstrapped Handshake, an iPad app and software that makes purchase orders less painful for retailers.

"When you don't have any money, you get really good at making money," Coates quotes entrepreneur Jason Fried. "When you have a lot of money, you get really good at spending money. We're completely bootstrapped, so the company has to run on its own revenues."

Handshake launched in the app store in November 2010 and remained in free Beta for eight months. In July 2011 Coates added a subscription layer to the product; customers are now paying $24.95 per month for his software. Since then, Handshake's platform has handled more than $100 million in orders. Clients include baby stroller company Bugaboo and beauty company Goldwell. While he doesn't take a cut of the orders, Coates says new (paying) clients are growing 30% month over month.

Coates' product makes it easy for salespeople and retailers to create purchase orders together. Instead of exchanging a bunch of emails back and forth and negotiating over the phone, sellers can make catalogs on Handshake and send retailers the link. Retailers can see all the products and pricing up front, toggle numbers, select shipping, and complete orders on Handshake. The seller is notified when a purchase order is complete.

"If you want to buy a pair of shoes, you go to Zappos and place an order with some expectation that you'll have a modern experience," Coates explains. "Once you step one level back in the supply chain, it's outdated and looks like it's from the '80s."

Handshake helps retailers take advantage of iPads, mobile devices and the web and improve the buying/selling b2b experience.

Soon Coates will be launching another product called Handshake Pitch. Handshake Pitch is a buyer-facing tool that's in closed free beta right now, but it will eventually have the same subscription layer as Handshake. Brands can use it to send curated shopping carts to buyers.

Here's what Handshake Pitch looks like and how the P.O. experience works:

Here's what it looks like when a retailer receives a link from a seller.

They can browse the seller's catalog like it's an e-commerce store.

When an item is clicked, the retailer can select sizes and quantities.

The retailer is shown items in the cart, just like a shopper's e-commerce check-out experience:

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(Reuters) - The first seven months of this year have been the hottest on record in the northeastern United States, researchers at Cornell University said on Tuesday.

Cornell's Northeast Regional Climate Center said the average temperature for the region from January to July was a balmy 49.9 degrees Fahrenheit (9.9 Celsius), making it the warmest for the period since record-keeping began in 1895.

On a state-by-state basis, the seven-month period marked the warmest across New York, New Jersey, Delaware and Maryland, along with Connecticut, New Hampshire, Maine, Massachusetts, Rhode Island and Vermont, the Regional Climate Center said.

In Pennsylvania and West Virginia, it was the second-warmest first seven months of a year.

The 12 months that ended July 31 were the warmest in 117 years in every northeastern state expect West Virginia, the university researchers said.

"We're seeing quite a bit of these records being broken in the 2000s," said Mark Wysocki, a senior climatologist at the Northeast Regional Climate Center, adding that four of the top 10 highest averages were set during the past 12 years.

Heat waves, coupled with droughts and wildfires, have grabbed headlines across much of the United States this year.

But many scientists have cautioned against reading too much into a relatively small set of data or saying whether the extreme weather events are unmistakable evidence of global climate change.

(Editing By Joseph O'Leary and Cynthia Osterman)

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Since the New York State Department of Financial Services (NYDFS) filed a complaint against UK bank Standard Chartered, the Federal Reserve and the Treasury have been making a huge stink to the media about the one year-old NYDFS stepping out of line.

The bank stands accused of illegally transferring hundreds of billions of dollars of Iranian money. Apparently, multiple agencies had been working on the case for years.

Now back to why they're angry. According to CNBC's Steve Leisman, the Feds are even saying that the head of the NYDFS, Benjamin Lawsky, hijacked the investigation and may have over-stated the case, which could lead to a lower fine for Standard Chartered.

They were also given little notice that the case was being filed.

It all sounds very complicated, so having never been a regulator ourselves, Business Insider reached out to Neil Barofsky, former Special Inspector General of TARP and author of called Bailout: An Insider Account of How Washington Abandoned Main Street While Rescuing Wall Street.

We figured he could explain why The Feds would be upset about someone from outside D.C. filing a case like this. Here's what he said:

"If you want to understand exactly what's going on here, reread the four or five pages in chapter 1 of my book about my battles with Washington over the FARC case. Exactly the same thing happening here. They'd rather trash a potentially legitimate case than admit that they were asleep at the switch, especially now after the recent revelations about their failures with LIBOR and HSBC."

The incident Barofksy is referring to took place when he was a New York state regulator as well. He was going against Colombia's dangerous FARC terrorist organization without much help from Federal authorities. When they got wind of that, they were less than thrilled.

Barofsky went on to say that he knows Lawksy well from his time in New York, and that even though Lawsky has never faced opposition like this before, he will stay strong in the face of this pressure from Washington.

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Giulio Graziani is the owner of Video Games New York. Located just around the corner from The Village Voice headquarters and NYU's Journalism School, this little shop boasts a blindingly yellow awning so bright no one could ever miss it (we actually spotted the store from two blocks away).

The inside of this quiet little store, however, is an old school gamer's paradise.

Click here to see photos >

The walls are stacked from floor to ceiling with old, used, modern, and imported game cartridges, game consoles, and iconic game paraphernalia that would send even the mildest gamer into video game shock.

Opened in 2005, this store has become a gaming icon both in New York City and throughout the country. As Graziani told us, a good amount of people know about the store and if they don't, well, it's the first hit if you google video games in New York.

It's also a video game museum showcasing the evolution of gaming history, from the very first console prototypes to the modern and flashy PSP and Nintendo 3DS. "Video games are a part of American history," Graziani told us, "it's a culture and its important to showcase this cultural heritage."

"What I learned living in Italy is that your present is determined by your past. So when I opened this store I tried to create something that would show people exactly how video games got to the present. Video Games New York is truly part-store, part-museum – a timeline and logic of what video game culture is."

Here's the yellow awning – there are life-size Mario and Sonic statues in the store window that you can't miss.

Here's a Hyperkin SupaBoy right up front.

And some PSP games up on display.

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The scene in Times Square Saturday afternoon came straight out of a horror film.

When police tried to arrest a man who appeared to be smoking marijuana, he pulled a kitchen knife and began swinging it wildly, the New York Times reported Saturday.

Then police drew their guns. They reportedly fired at him a number of times until he was dead.

From the Times report:

"Out-of-towners on a red double-decker tourist bus gawked at the unfolding drama, a bit more of the New York experience than they had bargained for. Nervous onlookers peered out from restaurant and shop windows, the flashing lights of Times Square lending a bizarre atmosphere, which grew even wilder as a crowd gathered, attracted by the commotion."

The odd chase was unusual even by Times Square standards, the Times reported.

“I almost had a heart attack,” Brazilian tourist Priscilla Rocha told the Times. “Everyone started running.”

Below is a video shot by a bystander.

DON'T MISS: WATCH: The World's Tiniest Gun, Which Also Has A Tiny Chance Of Killing You >

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Micro-subletting is a pretty good business in New York these days. As the New York Post recently reported, residents throughout the city are "bringing in tens of thousands of dollars" renting out their units or spare rooms for days or weeks at a time.

Carol Williams of the East Village made $18,000 in 10 months. Mikey Rox of Harlem pulled in $75,000 over three years. Seth Porges has made $60,000 over two years and published tips for how others can do the same.

The only problem with the scheme — at least in some cases — is that it's illegal. A 2010 state law, implemented in May 2011, prevents someone from occupying a Class A dwelling for fewer than 30 days. Though the primary targets of the law were illegal hotels run by building owners, the provision extends to people living in residential apartment units as well.

There are two major exceptions to the 30-day restriction. One says that residents are free to sublet a room of an apartment so long as they continue to live in it with the guests. Another says that guests may sublet a whole unit for fewer than 30 days "provided that there is no monetary compensation paid to the permanent occupants." Neither seems very attractive to prospective micro-subletters. The former makes for some potentially uncomfortable encounters; the latter, a pretty poor business model.

Which may be why some micro-subletters aren't paying the 2010 law much mind. The New York Times recently reported that a proliferation of short-term renters has become a point of contention in Stuyvesant Town, a private residential community in the East Village. While younger residents enjoy the extra income, older residents see an abundance of negative consequences: from bed bugs to security risks to noise problems.

A general lack of enforcement by the city has made the feud more intense. A few long-time Stuy Town residents have turned into "amateur sleuths" who patrol short-term rental sites, such as Airbnb, in attempt to catch micro-subletters before they strike deals, according to theTimes. Management also claims to be monitoring the problem, saying they've sent "cease-and-desist letters to 50 tenants" since last summer.

Getting the attention of city authorities may be especially difficult if it turns out they're among the offenders. The neighborhood blog EV Grieve found a short-term rental listing at 18th St and 1st Avenue, right in the Stuy Town vicinity, posted by a self-described "Police Officer from New York."

"If it is in fact true a member of the NYPD is listing his apartment as a short-term rental, this will only fuel the Airbnb controversy," writes Grieve. (It's not clear whether the lister is renting just a room, which wouldn't violate the 2010 law if he stays there too, or his entire unit.)

That's not to say the city's doing nothing. As of April it had issued roughly 1,900 violations of the new law, according to another recent Times piece. Still sites like Airbnb (as well as small bed-and-breakfasts throughout the city) feel they're the unintended victims of legislation primarily meant to prevent residential buildings from becoming illegal hotels. An Airbnb spokesperson told Atlantic Cities that New York City residents who use the site to "help make ends meet" shouldn't be the focus of the law:

Our hosts have used the additional income they earn through Airbnb to help pay their rent, make their mortgage payments, and avoid foreclosure and bankruptcy. Airbnb not only helps New York City residents afford to live in one of the most expensive cities in the world, travel facilitated by Airbnb also spurs economic development in New York City's local neighborhoods. Airbnb travelers spend money at local businesses throughout the five boroughs, providing many neighborhoods with access to the city's strongest economic driver — tourism.

Some state lawmakers see their point. A clarification of the 2010 law, currently under consideration by Albany, would separate the "legitimate business model" of mirco-subletting from illegal hoteliers and the numerous maintenance, safety, and health-code problems they create. A memo for the amended bill, which is being sponsored by State Senator Martin Golden, says the new legislation "would help those individuals and small businesses that will no longer be able to operate because of this law."

Operate legally, that is.

DON'T MISS: These Manhattan Prices Will Shock The Rest Of America>

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Mark Thompson is the new CEO of the New York Times, reports The New York Times.

Previously, Thompson was the director the British Broadcasting Corporation.

The Times has been without a CEO since Janet Robinson was paid very well ($24 million!) to leave late last year.

“The New York Times is one of the world’s greatest news providers and a media brand of immense future potential both in the U.S. and around the world,” Thompson says in a NYT statement quoted by the NYT.

“It is a real privilege to be asked to join the Times Company as it embarks on the next chapter in its history.”

The obvious joke here is that Thompson is going from one non-profit to another – except, unlike the BBC, the NYT doesn't do it on purpose.

In all seriousness: Thompson has spent all but a couple years of his year career working for the BBC, and it will impressive if the skills he learned working for a British, state-funded, non-commercial media outlet enable him to restore the New York Times to the immense profitability it enjoyed until recently.

Capital New York has NYT chairman Arthur Sulzberger Jr.'s memo:

Dear Colleagues,

After a thorough search, which gave us the opportunity to meet some of the most thoughtful executives inside and outside of our industry, we have today announced that Mark Thompson, the outgoing Director-General of the BBC, will become our new president and CEO.

Our board unanimously concluded that Mark is exactly the right person to lead The New York Times Company at this particular moment in time. He is a highly regarded executive who comes to us from one of the other great global media brands, known for high-quality content and excellence in journalism, the BBC. And importantly, under Mark’s direction, the BBC also became known as a place of constant innovation. Mark will work closely with the board and with me as we work to extend our own culture of innovation and transformation and as we continue to expand our reach both around the globe and onto new and emerging digital platforms.

Mark is joining an organization where we already have great talent throughout the ranks. His appointment will strengthen our already powerful organization with new ideas and fresh insights.

Mark is in the process of relocating to New York from London, and we expect him to start in November. When he arrives, we will schedule employee town halls, so you will have the opportunity to meet him in person.

Please join me in welcoming Mark to our company.

Arthur

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UPDATE:

Manufacturing in the Northeast contracted for the first time since November 2011, new data out of the Federal Reserve Bank of New York shows.

The key business activity index fell 13 points to -5.85, below expectations for a marginal decline to 7.0.

New orders were negative for the second consecutive month, falling to -5.5 from -2.7 a month earlier.

Employment trends, however, remained positive in August. The number of employees sub-index declined slightly, to 16.47 from 18.52.

Below, key output from the report:

ORIGINAL:

Minutes away from the first major regional Fed report of the month: the Empire Fed Manufacturing Report.

Economists polled by Bloomberg forecast the key business activity index will remain roughly unchanged in August, at 7.00.

A reading above zero indicates expansion.

The announcement is scheduled for 8:30 a.m.

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The townhouse at 3 Riverview Terrace, on 58th Street in Manhattan, has finally sold after seven years on the market, according to The Real Deal.

The nearly 4,300-square-foot house sold for $10 million.

Brown Harris Stevens originally had listed the home in December 2005, with an asking price of $12.995 million.

The home has four bedrooms, four bathrooms and one half bath. The home's luxury amenities include a four-person elevator, private gardens and a roof deck.

The home is on a cobblestoned street in the tiny enclave of Sutton Square at East 58th Street.

The home has beautiful arched doorways and crown moldings.

The house has three gas fireplaces.

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A Park Avenue apartment with five bedrooms and 6.5 baths is on sale for $27 million.

The apartment has a 28-foot gallery that leads to the wooden library.

The 12-foot ceilings make the place seem bright and airy, and all of the bedrooms have ensuite bathrooms.

Welcome to 72nd Street and Park Avenue.

The home has a private landing.

The ceilings are 12 feet high.

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H&M's largest store is currently in Las Vegas. 

But that's about to change, according to Izzy Grinspan at Racked. The fast-fashion retailer just signed a lease for a 57,000 square foot property at 5th Avenue and 48th street. 

The location is close to the shops on 5th avenue that are constantly inundated with tourists. H&M already has a store in the area, and it's constantly packed. 

Racked offers some insight into why the brand is making the move: 

"Why does H&M need a monster store just three blocks from its current location at 640 Fifth Avenue? Well, there's the question of storage. This new space will carry all of the brand's collections, including lingerie, baby clothes, and housewares. The company also believes opening multiple stores near each other "increases foot traffic," as one spokesperson told Women's Wear Daily. Then there's the possibility that 640 Fifth won't be around much longer. Last month, we heard a rumor that H&M would be moving out once the rent goes up in 2014."

Did you know that H&M has housewares? We didn't. 

We'll follow up with a full tour when the store opens. 

DON'T MISS: How Urban Outfitters Surprised Everyone And Dominated This Quarter >

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A former correctional facility in New York state is for sale for only $390,000. 

Camp Georgetown Correctional Facility in Madison County, New York, will be auctioned in September, the state announced. 

Here's the state website advertising the property, which includes 44 buildings. 

The facility includes cell blocks, a pavilion, a mess hall and a gym. There are three dormitories and 75 bathrooms. 

Its not clear when the prisoners last lived there, but the state is now advertising to hunters because of the surrounding woodlands. 

Here are some photos from the state's brochure: 

DON'T MISS: Planned Condos Have Suspended Pools A Hundred Feet Up >

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SEE ALSO: 9 INJURED, 2 DEAD OUTSIDE OF EMPIRE STATE BUILDING >

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Conservative radio host Rush Limbaugh's first reaction to the Empire State Building shooting: Was President Barack Obama to blame?

Limbaugh "wondered" on his radio show Friday if Obama "had blood on his hands," responding to a report that the alleged Empire State Building shooter, Jeffrey Johnson, was targeting his boss. 

From the transcript:

"I wonder if Obama's constant warfare on bosses and so forth might have led this guy to pull the trigger?"

From what he said afterward, Limbaugh seemed to expect subsequent backlash. He tried to justify his words by saying that the "news media and the rest of the left" have tried to politicize recent shootings. (In reality, there were a lot of bungled reports from a lot of different "sides" after the Aurora, Colorado, theater shooting in July.)

Here's Rush, explaining that he was trying to highlight absurdity "by being absurd":

"Yes, I said it, and we're not gonna bleep it out. I'll guarantee you. The last time there was a shooting in New York, who'd the mayor blame it on? Tea Party people that didn't like health care, right? Gabby Giffords, you name it. The shooting out in Colorado? Brian Ross said the Tea Party did it. Well, here you have a guy shooting his boss for being fired. Who's out there ripping bosses to shreds every day? Who's out there ripping businesses to shreds every day?

And who's out there killing jobs every day?"

He continued:

So, "Obama's constant class warfare, could it be a factor? Might it be a factor, the Democrat Party and all this fear they're putting in people's hearts and minds?"

Listen to the audio below, courtesy of The Daily Rushbo:

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S&P has lifted the debt outlook for New York State from stable to positive, meaning an actual upgrade is possible if trends continue.

The announcement explains the move. Basically, the state is moving towards balanced budgets, and has adopted schemes that will reduce future expenditures on school aid and Medicaid.

Below the line is the full announcement.

-----

NEW YORK (Standard & Poor's) Aug. 27, 2012--Standard & Poor's Ratings Services
revised its outlook to positive from stable on New York State's general
obligation (GO) and state appropriation secured debt.

At the same time, Standard & Poor's affirmed its 'AA' rating on New York
State's state GO debt and its 'AA-' rating on the state's appropriation
secured debt rating.

"We base the outlook revision on what we view as the state's movement toward
structurally balanced budgets in the past two years," said Standard & Poor's
credit analyst David Hitchcock.

New York State has, in our opinion, lowered projected future year general fund
budget gaps due largely to recent restraint in school aid and Medicaid
expenditure growth. We believe spending restraint will also be aided in the
long term by the recent establishment of a new pension tier for new employees
that will slow growth in pension costs. Should New York State continue to
maintain largely structurally balanced budgets in the next two years, we could
raise the rating.

The GO rating reflects what we view as New York State's:

Strong and diverse economy of 19.4 million people, with income levels
above the national average, but with a higher-than-average proportion of
state income derived from the financial sector;
History of what we consider conservative budgeting, quarterly updated
budget forecasts, active expense management in economically weak periods,
and an established rainy-day fund, although it has not always been fully
funded;
Cyclical finances and strong surpluses in the immediately preceding
years. At the same time, the general fund has been largely balanced on a
cash basis; and
Solid debt, swap, and capital planning management policies balanced
against moderately high debt levels and large unfunded other
postemployment benefits, although the state's pension system is
relatively well funded on a generally accepted accounting principles
basis.
New York State's budget was approved by the legislature before the start of
the 2012 and 2013 fiscal years and signed by the governor shortly after the
fiscal years commenced. In previous periods of fiscal stress, the state
sometimes had late budget adoptions, although even at that time we believe it
made midyear budget corrections when necessary to preserve minimum levels of
cash flow, such as the multiple midyear corrections in fiscal 2010.

The positive outlook reflects what we view as movement toward structural
budget balance, following two years of essentially on-time adoption. In
addition, New York State projects what we see as modest general fund projected
budget gaps in future years. For example, the state only had to close a $3.5
billion budget gap as part of its fiscal 2013 budget adoption, compared with
the projected $14.9 billion budget gap it had projected for fiscal 2013 when
it began closing its fiscal 2012 budget. The lowering of projected outyear
gaps is, in our opinion, largely due to recent restraint in school aid and
Medicaid expenditure growth, which have been major cost drivers over time.
Should the state continue to maintain structural alignment between revenues
and expenditures over the two-year rating outlook horizon, we could raise the
rating one notch. However, should structural balance prove elusive or
financial performance deteriorates due to economic or federal funding changes,
we could revise the outlook back to stable.

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Lots of factors can affect the price of a home, from location and acreage to amenities and even the number of bathrooms.

Think you can figure out the sticker price of a home just by looking at it and knowing a few key specs?

We've picked out a range of mansions currently on the market in the U.S. See how good your appraisal skills are in our quiz.

HINT: This 70-acre estate in Nantucket has nine bedrooms, 9.5 bathrooms, and sits on the harbor.

Sotheby's

LISTING PRICE: This estate, called "Swain's Neck," is on sale for $59 million.

Sotheby's

HINT: This stone mansion in Dallas has five bedrooms, five bathrooms, and two half-baths.

Sotheby's

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If you are one of the millions of Americans who haven't made use of their vacation days yet this year, it might be because of your zip code.

Inspirato, a members-only leisure vacation club, conducted an online survey within the U.S. to determine if where you live impacts your R&R time. Executed by Harris Interactive, 2,534 respondents (roughly 250 per city) were polled across ten major U.S. hubs on their travel habits between 2008 and 2012.

Chicago respondents seemed most vacation-averse, with only 55 percent of respondents saying they took a yearly vacation. Those living in Washington D.C. were the most likely to take an annual vacation, with 73 percent saying they clocked out once a year.

Los Angeles residents were mostly likely to take frequent vacations, with more Angelenos saying they took four or more getaways a year than residents of any other city.

San Francisco dwellers, on the other hand, were statistically the most likely to have unused vacation days remaining.

Here are the complete results, based on the five-year average, 2008-2012, of the percentage of residents who have taken a vacation each year:

Now find out how tech's wealthiest people spend their vacations >

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