Today’s Headlines

  • DOT Pledges More Bike Paths and Ped Space (Post)
  • NY1 Covers UWS Livable Streets Ideas
  • Post Columnist Rants Against DOT, Bike Lanes, and Ped Plazas
  • Philly, Phoenix, and Atlanta Ask for Bailout Funds to Cover Budget Gaps (Reuters)
  • Chris Dodd: Carmaker Bailout Unlikely to Clear Lame Duck Senate (NYT)
  • Subway Delays Up Big (NY1)
  • Ridership Still Rising as Bridge and Tunnel Traffic Declines (Post, News)
  • Paterson Would Approve East River Bridge Tolls (Post)
  • High-Tech Center Opens to Monitor NYC Traffic Flow and Keep Cars Moving (City Room)
  • City Council Approves Willets Point Redevelopment (City Room, News, Post)
  • Richard Ravitch, The Once and Future Savior of New York? (City Room)
  • Mark

    The Post column belongs in The Onion.

  • The Post column is brilliant idiocy. The guy doesn’t even get the facts straight. He talks about how the DOT removed two travel lanes and that bikes get their own lane which removes a third. Not so. Only two lanes in total.

  • Jason

    Yeah, I wanted to send him an email with the subject “You’re an idiot” and a link to his own column in the body. Then I thought better of it. I wish I new of a quick way to look up where the hack lives (in general). I wouldn’t be surprised if he’s never been in the area outside of his car.

  • He also loved to talk about how nobody is ever using the space. Sure, I bet he went by there at 9 AM on a rainy day. Everyone I know in the area says it is generally packed, esp on nicer days. I have so much video showing otherwise it makes him look silly.

  • Tony

    One day when his driver license will be revoked from him, either because of drunk driving or of old age. And one day if he ever have kids ( below driving age ).
    He will wish that the city is a better place to walk or bike around.

  • Larry Littlefield

    From the article on city bailouts, for those who don’t get it.

    “Because of the credit crunch, cities are essentially unable to borrow in the private capital markets to meet their pension obligations, according to the letter.”

    Wrap your heads around this and understand.

    Some time in the past, politicians cut a deal with public employee unions to vastly increase their compensation, in the form of the right not to work and get paid for years and years. To avoid hostility to the higher cost of public services, they deferred that cost to the future, until people like themselves could move out or die off, by assuming a higher rate of return.

    So now it is the future, when the past public services have to be paid for with today’s taxes, with no public services in return. So what to do? Borrow money, so today’s young people have to pay for yesterdays overpriced public services tomorrow.

    Borrow from who? Wall Street? The banks? They are only intermediaries, and if you borrow from them, they have to get money from people who save. But if people realize the future has been destroyed, why save for it? Who saves? Almost no one.

    And among those who do save, the only place they feel safe putting their money is with the federal government. Not long term, where inflation can wipe it out, only short term. So the only people who can borrow are those who get money from the federal government, which is the only intermediary that that can get money from people who save.

    There isn’t enough to go around, because there aren’t enough savings to go around. Yesterday, the Treasury decided to drop the bailout of mortgages because it only had money for a more pressing crisis — no one will invest in auto loans, credit card debt, and student loans. If that doesn’t change everyone drops out of college in the spring, because there is no money, and when you swipe your credit card it is rejected — not because you are over your limit, but because the credit card company has no money left.

    The day before Amex became a credit card company.

    And now the MTA has borrowed to the hilt and is broke, as are the state and soon the city. And what is the Dean Skelos solution? Keep spending more, and cut taxes, while our state legislators fight for us by being strongly for or against gay marriage!

    In case you’re wondering what made me down enough to write the following last winter.

    http://www.r8ny.com/blog/larry_littlefield/preparing_for_institutional_collapse.html

  • Larry Littlefield

    “The day before Amex became a credit card company.”

    I meant a bank, so it could get emergency funds from the Federal Reserve, because no one would buy its credit card receivables.

  • How does the Post columnist know “New York is already the world’s best walking town”? He seems peds through his windshield.

    Don’t worry, no one on the Upper West Side reads the Post anyway.

  • Boris

    Larry,

    I agree with you 100%. So what happens now to those liberals who like public transportation, pensions, and unions? Pro-union policies have always been a core part of the Democratic Party and liberalism in general. Who is to blame for the United Auto Workers boondoggle? Actually, in that particular case it seems like Republican GM executives made promises to the union they knew they couldn’t deliver in the long run. But they did deliver for years and years. In general, I don’t understand- why did unions bite so much more than they could chew that now everyone hates them?

    Your condemnation of unions seems to be non-partisan- or, rather, everyone is to blame for inappropriate borrowing. So who do we turn to? The Libertarian Party?

  • Larry Littlefield

    I don’t know, but it isn’t just the unions, and some of them aren’t that bad. The executives have also dragged us down, sucking up all avaiable money, sitting on each other’s boards and endorsing each other’s pay packages, as discussed here:

    http://www.bloomberg.com/apps/news?pid=20601039&sid=aXgKicYOQKm8&refer=home

    “And now Americans are saying that the industry that brought the economy to its knees with its endless financial spinning should itself be brought low, demanding an end to the life- altering, lottery-like windfalls that Wall Street parcels out to itself every January or February. ”

    “The industry, however, seems not to get it.”

    “Maybe the survivors are in denial. Perhaps they believe that surely since they did a good job this year — presuming they don’t work in mortgage securities or derivatives or whatever the real losers are — that they deserve the same bonuses they got during the seven fat years.”

    “OR maybe they think if they get just one more good hit, they will have accumulated ‘the number’ they need to retire and never work again.”

    Wait until we find out the legislature’s proposals. How about a pension “incentive,” to “save money” by allowing current “highly paid” public employees to retire five or more years early, along with lower pay and benefits for new hires? AGAIN!

  • rex

    Cuozzo is an idiot.

  • Dave H.