“The word draconian is not inappropriate,” said M.T.A. chief Elliot Sanders describing the authority's fiscal problems, and potential solutions. [City Room] Chuck Schumer promised Wall Street more regulation. [WSJ] Liz reports that Bronx Democrats are all talking about a rumble in Puerto Rico. [DP] All proposals for development of the Red Hook waterfront were rejected by the ...

City Councilman Domenic Recchia, who helped lead Michael Bloomberg's effort to extend term limits, is now organizing to stop the mayor from rescinding the $400 property-tax rebate. Here's Recchia's online petition--he's the first, and at the moment the only signature. The letter is short and to the point: While we agree that tough decisions have to ...

Even in these days of increased transparency when it comes to the City Council's appropriation of member items, the process remains, unavoidably, one that rewards people who know people. For example, the Metropolitan Council on Jewish Poverty, a non-profit group whose executive director, William Rapfogel, is married to the Assembly Speaker's chief of staff, Judy Rapfogel, got $556 ...