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DATE 2009-03-01

HANGOUT

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Key: Value:

Key: Value:

MESSAGE
DATE 2009-03-19
FROM Ruben Safir
SUBJECT Subject: [NYLXS - HANGOUT] Finally the TRUTH from Newsday
newsday.com/news/local/ny-pojani0320-col,0,2271880.column
Newsday.com
Decisions made 9 years ago put MTA in current fix

Dan Janison

9:30 PM EDT, March 19, 2009

Nine years ago, in collaboration with state officials, the mighty
investment company Bear Stearns played a special role in shaping the
course on which the region's transit system now finds itself.

Not only did this financial titan advise the Metropolitan Transportation
Authority on a five-year, $17-billion capital program, but more notably,
its executives personally sold the plan to state lawmakers - helping
generate commissions for the firm while temporarily funding mass
transit.

From today's perspective, of course, the deal represents fiscal risk and
folly. Bear's collapse a year ago signaled other global financial
failures to come, and the debts carried by the state-run MTA drive its
latest threat of massive fare hikes and sharp service cuts.

Watchdogs suggested that the Pataki administration and its sparring
partners in the State Legislature were mortgaging the future. Policy
makers, they believed, figured they'd derail from that track when they
came to it.

State Sen. Brian Foley's office yesterday cited data showing how MTA
debt service payments of $609 million in 1996 have spiked to a forecast
$1.5 billion in 2009. That works out to an estimated $125 million per
month, said Ibrahim Kahn, spokesman for Foley (D-Blue Point).

"Everyone predicted it, and it came true with a vengeance," Gene
Russianoff, of the city's Straphangers' Campaign, said Tuesday,
following a news conference with Gov. David A. Paterson aimed at
prodding state senators to act on a painful new revenue plan.

Lee Sander, the MTA's executive director, said: "In 2000, Albany put our
entire capital program on a credit card."

Beyond the problems that usually come with overborrowing, the due date
for this huge credit card arrives at an especially uncertain time.

Fiscally, all levels of governments face major pressure as the economy
contracts and credit tightens. And politically, the MTA crunch hits just
as Paterson struggles with his clout - and new Senate Majority Leader
Malcolm Smith looks around for some.

With Paterson well aware of the MTA problem, a commission headed by
former MTA chairman Richard Ravitch called for new tolls on the East
River bridges, for fare hikes on subways, buses and the Long Island Rail
Road estimated at 8 percent, and for a tax on payrolls in the MTA
region, which includes Long Island, the city and its northern suburbs.

Without the plan, the MTA and Ravitch commission are threatening 23
percent more fare revenues and deep service cuts. Legislators say they
are attempting to negotiate a deal.

Smith's Democratic majority stands at a minimal 32-30. The Ravitch plan
is a tough lift. The freshly defeated Republican minority, led by Dean
Skelos (R- Rockville Centre), has unsurprisingly shown itself to be in
no mood to help take the weight for painful measures.

So while the Assembly backs a variation on the plan, the Senate majority
has been stalling.

First, Smith called for an audit of MTA finances. Then Finance Committee
chairman Carl Kruger (D-Brooklyn) floated a non-starter borrowing
gimmick. Then the majority submitted a plan that Paterson and the MTA
say falls $1 billion short, ignores capital needs and continues to
burden counties such as Nassau with big bus costs.

All involved say they are trying their best for a fair fiscal plan. But
as the spotlight falls on a divided Senate, the route remains murky,
like everything else financial and political these days.

Copyright © 2009, Newsday Inc.

--
http://www.mrbrklyn.com - Interesting Stuff
http://www.nylxs.com - Leadership Development in Free Software

So many immigrant groups have swept through our town that Brooklyn, like Atlantis, reaches mythological proportions in the mind of the world - RI Safir 1998

http://fairuse.nylxs.com DRM is THEFT - We are the STAKEHOLDERS - RI Safir 2002

"Yeah - I write Free Software...so SUE ME"

"The tremendous problem we face is that we are becoming sharecroppers to our own cultural heritage -- we need the ability to participate in our own society."

"> I'm an engineer. I choose the best tool for the job, politics be damned.<
You must be a stupid engineer then, because politcs and technology have been attached at the hip since the 1st dynasty in Ancient Egypt. I guess you missed that one."

© Copyright for the Digital Millennium

  1. 2009-03-01 Ron Guerin <ron-at-vnetworx.net> Re: [NYLXS - HANGOUT] Installfest Sunday
  2. 2009-03-01 Elfen Magix <elfen_magix-at-yahoo.com> Re: [NYLXS - HANGOUT] is this mayor NUTS?
  3. 2009-03-01 Justin Lintz <jlintz-at-gmail.com> Re: [NYLXS - HANGOUT] is this mayor NUTS?
  4. 2009-03-01 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] is this mayor NUTS?
  5. 2009-03-02 Ronny Abraham <ronny.coder-at-gmail.com> Subject: [NYLXS - HANGOUT] html email
  6. 2009-03-02 Ronny Abraham <ronny.coder-at-gmail.com> Re: [NYLXS - HANGOUT] is this mayor NUTS?
  7. 2009-03-02 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] What NYLXS Means to Me
  8. 2009-03-02 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] html email
  9. 2009-03-02 Ronny Abraham <ronny.coder-at-gmail.com> Re: [NYLXS - HANGOUT] What NYLXS Means to Me
  10. 2009-03-02 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Video Justice!
  11. 2009-03-02 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] What NYLXS Means to Me
  12. 2009-03-02 Ronny Abraham <ronny.coder-at-gmail.com> Re: [NYLXS - HANGOUT] What NYLXS Means to Me
  13. 2009-03-02 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] What NYLXS Means to Me
  14. 2009-03-02 Ronny Abraham <ronny.coder-at-gmail.com> Re: [NYLXS - HANGOUT] What NYLXS Means to Me
  15. 2009-03-02 Michael L Richardson <mlr52-at-mycouponmagic.com> Re: [NYLXS - HANGOUT] What NYLXS Means to Me
  16. 2009-03-02 Michael L Richardson <mlr52-at-mycouponmagic.com> Re: [NYLXS - HANGOUT] is this mayor NUTS?
  17. 2009-03-02 Ronny Abraham <ronny.coder-at-gmail.com> Re: [NYLXS - HANGOUT] What NYLXS Means to Me
  18. 2009-03-02 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] What NYLXS Means to Me
  19. 2009-03-02 Michael L Richardson <mlr52-at-mycouponmagic.com> Re: [NYLXS - HANGOUT] What NYLXS Means to Me
  20. 2009-03-02 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] What NYLXS Means to Me
  21. 2009-03-02 Michael L Richardson <mlr52-at-michaellrichardson.com> Re: [NYLXS - HANGOUT] What NYLXS Means to Me
  22. 2009-03-02 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Free Software Cooperative - it is in the genes
  23. 2009-03-03 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] What NYLXS Means to Me
  24. 2009-03-03 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Installfest Sunday
  25. 2009-03-03 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Pirate Radio are Terrorists....no realy..
  26. 2009-03-03 Michael L Richardson <mlr52-at-michaellrichardson.com> Re: [NYLXS - HANGOUT] Free Software Cooperative - it is in the genes
  27. 2009-03-03 Ronny Abraham <ronny.coder-at-gmail.com> Re: [NYLXS - HANGOUT] Free Software Cooperative - it is in the genes
  28. 2009-03-03 Ronny Abraham <ronny.coder-at-gmail.com> Re: [NYLXS - HANGOUT] Free Software Cooperative - it is in the genes
  29. 2009-03-03 Michael L Richardson <mlr52-at-mycouponmagic.com> Re: [NYLXS - HANGOUT] Free Software Cooperative - it is in the genes
  30. 2009-03-03 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Free Software Cooperative - it is in the
  31. 2009-03-04 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] GNU/Linux Art Programs
  32. 2009-03-04 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Board Meeting/Planniong Meeting TONIGHT
  33. 2009-03-04 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [Fwd: C++/Linux Infrastructure Architect]
  34. 2009-03-04 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] BOARD MEETING TONIGHT
  35. 2009-03-04 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Installfest Sunday
  36. 2009-03-05 mlr52-at-michaellrichardson.com Subject: [NYLXS - HANGOUT] Space
  37. 2009-03-06 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] The Black Hole which is the MTA
  38. 2009-03-07 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] What fare increases buys you
  39. 2009-03-07 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] looking for a lawyer
  40. 2009-03-07 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Space
  41. 2009-03-07 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Fundraising
  42. 2009-03-07 Michael L Richardson <mlr52-at-michaellrichardson.com> Re: [NYLXS - HANGOUT] Space
  43. 2009-03-07 Ronny Abraham <ronny.coder-at-gmail.com> Subject: [NYLXS - HANGOUT] internetty
  44. 2009-03-09 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Meeting this week
  45. 2009-03-09 Amy Coleman <acoleman-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Meeting this week
  46. 2009-03-11 Contrarian <adrba-at-nyct.net> Re: [NYLXS - HANGOUT] Meeting this week
  47. 2009-03-13 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [malmonte-at-searchedp.com: Senior RedHat Linux Systems Administrator.]
  48. 2009-03-14 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Mutt Question
  49. 2009-03-14 Ron Guerin <ron-at-vnetworx.net> Re: [NYLXS - HANGOUT] Mutt Question
  50. 2009-03-14 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Mutt Question
  51. 2009-03-14 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] The evil that is the MTA
  52. 2009-03-14 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Need a Hack ASAP
  53. 2009-03-14 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [admin-at-pharmaupdatenewsservice.com: Press Release: DOJ to Address Lilly's Landmark $1.4 Billion Zyprexa Settlement]
  54. 2009-03-15 Michael L Richardson <mlr52-at-michaellrichardson.com> Re: [NYLXS - HANGOUT] The evil that is the MTA
  55. 2009-03-15 Matthew <mph-at-dorsai.org> Re: [NYLXS - HANGOUT] Need a Hack ASAP
  56. 2009-03-15 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Need a Hack ASAP
  57. 2009-03-16 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Nukes R Us
  58. 2009-03-17 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] The evil that is the MTA
  59. 2009-03-17 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Why there are MTA Budget Cuts
  60. 2009-03-17 mlr52-at-michaellrichardson.com Re: [NYLXS - HANGOUT] The evil that is the MTA
  61. 2009-03-18 einker <eminker-at-gmail.com> Re: [NYLXS - HANGOUT] The evil that is the MTA
  62. 2009-03-18 Amy Coleman <acoleman-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] The evil that is the MTA
  63. 2009-03-19 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] CRT Video Wire
  64. 2009-03-19 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] The MTA press agentat the NY Times
  65. 2009-03-19 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Brooklyn Verses the MTA
  66. 2009-03-19 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Finally the TRUTH from Newsday
  67. 2009-03-20 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] MTA getting ready for the next crisis in 2010
  68. 2009-03-20 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] MTA Blog
  69. 2009-03-20 Michael L Richardson <mlr52-at-michaellrichardson.com> Re: [NYLXS - HANGOUT] The evil that is the MTA
  70. 2009-03-22 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] GNU Laptops reach 10% or market
  71. 2009-03-22 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] DRM is still theft
  72. 2009-03-22 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Face your enemy
  73. 2009-03-22 Ron Guerin <ron-at-vnetworx.net> Re: [NYLXS - HANGOUT] Face your enemy
  74. 2009-03-22 Ron Guerin <ron-at-vnetworx.net> Re: [NYLXS - HANGOUT] GNU Laptops reach 10% or market
  75. 2009-03-22 Michael L Richardson <mlr52-at-mycouponmagic.com> Re: [NYLXS - HANGOUT] DRM is still theft
  76. 2009-03-22 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Face your enemy
  77. 2009-03-22 Amy Coleman <acoleman-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] The evil that is the MTA
  78. 2009-03-22 Michael L Richardson <mlr52-at-michaellrichardson.com> Re: [NYLXS - HANGOUT] The evil that is the MTA
  79. 2009-03-22 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] supporting a sane MTA
  80. 2009-03-22 Michael L Richardson <mlr52-at-mycouponmagic.com> Re: [NYLXS - HANGOUT] The evil that is the MTA
  81. 2009-03-22 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Microsofts Doomsday Worm
  82. 2009-03-22 Michael L Richardson <mlr52-at-michaellrichardson.com> Re: [NYLXS - HANGOUT] Microsofts Doomsday Worm
  83. 2009-03-24 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Local Crack Monkey Action
  84. 2009-03-24 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [campaignforny-at-gmail.com: MTA doomsday tomorrow!]
  85. 2009-03-24 Amy Coleman <acoleman-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] [campaignforny-at-gmail.com: MTA doomsday tomorrow!]
  86. 2009-03-24 mlr52-at-michaellrichardson.com Re: [NYLXS - HANGOUT] [campaignforny-at-gmail.com: MTA doomsday
  87. 2009-03-24 Ron Guerin <ron-at-vnetworx.net> Re: [NYLXS - HANGOUT] [campaignforny-at-gmail.com: MTA doomsday tomorrow!]
  88. 2009-03-24 From: "Michael L. Richardson" <mlr52-at-mycouponmagic.com> Re: [NYLXS - HANGOUT] [campaignforny-at-gmail.com: MTA doomsday tomorrow!]
  89. 2009-03-24 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] [campaignforny-at-gmail.com: MTA doomsday tomorrow!]
  90. 2009-03-24 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] [campaignforny-at-gmail.com: MTA doomsday tomorrow!]
  91. 2009-03-24 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] [campaignforny-at-gmail.com: MTA doomsday tomorrow!]
  92. 2009-03-25 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] MTA is not done yet
  93. 2009-03-26 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Network Service/Fund Raising - Meeting
  94. 2009-03-26 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] MTA Motivations
  95. 2009-03-26 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] MTA - Intellectual Property Rights Wariors
  96. 2009-03-26 From: "Michael L. Richardson" <mlr52-at-mycouponmagic.com> Re: [NYLXS - HANGOUT] MTA - Intellectual Property Rights Wariors
  97. 2009-03-26 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Future of Pharmacy
  98. 2009-03-27 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Is this isn't fixed this will go on forever
  99. 2009-03-27 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Paging Paul
  100. 2009-03-27 Ron Guerin <ron-at-vnetworx.net> Re: [NYLXS - HANGOUT] Network Service/Fund Raising - Meeting
  101. 2009-03-27 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Network Service/Fund Raising - Meeting
  102. 2009-03-27 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Installfest Sunday
  103. 2009-03-28 Amy Coleman <acoleman-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Future of Pharmacy
  104. 2009-03-29 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] NYLXS Projects
  105. 2009-03-29 From: "Tameek" <tameek-at-gmail.com> Re: [NYLXS - HANGOUT] NYLXS Projects
  106. 2009-03-29 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] NYLXS Projects
  107. 2009-03-29 From: "Tameek" <tameek-at-gmail.com> Re: [NYLXS - HANGOUT] NYLXS Projects
  108. 2009-03-29 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] NYLXS Projects
  109. 2009-03-29 From: "Tameek" <tameek-at-gmail.com> Re: [NYLXS - HANGOUT] NYLXS Projects
  110. 2009-03-29 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] NYLXS Projects
  111. 2009-03-29 Paul Robert Marino <prmarino1-at-gmail.com> Re: [NYLXS - HANGOUT] NYLXS Projects
  112. 2009-03-29 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Why the MTA screws Brooklyn every time
  113. 2009-03-29 From: "Tameek" <tameek-at-gmail.com> Re: [NYLXS - HANGOUT] NYLXS Projects
  114. 2009-03-29 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] NYLXS Projects
  115. 2009-03-30 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] NYLXS Projects
  116. 2009-03-30 From: "Michael L. Richardson" <mlr52-at-michaellrichardson.com> Re: [NYLXS - HANGOUT] NYLXS Projects
  117. 2009-03-30 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] NYLXS Projects
  118. 2009-03-30 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Announcement: Meeting Thursday Evening at 7PM and the Marriot in
  119. 2009-03-30 Elfen Magix <elfen_magix-at-yahoo.com> Re: [NYLXS - HANGOUT] Announcement: Meeting Thursday Evening at 7PM and the Marriot in Brooklyn
  120. 2009-03-31 Amy Coleman <acoleman-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] NYLXS Projects
  121. 2009-03-31 swd <sderrick-at-optonline.net> Subject: [NYLXS - HANGOUT] "Critics slam Microsoft bridge as waste of stimulus money",
  122. 2009-03-31 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] MTA Vrs Kruger - an unexpected allie in the Village Voice

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