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NYLXS Members have a lot to say and share but we don't keep many secrets. Join the Hangout Mailing List and say your peice.

DATE 2009-03-01

HANGOUT

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Key: Value:

Key: Value:

MESSAGE
DATE 2009-03-27
FROM Ruben Safir
SUBJECT Subject: [NYLXS - HANGOUT] Is this isn't fixed this will go on forever
They must roll back the capital budget...

March 27, 2009
M.T.A. Is Warned It’s Facing a Downgrade in Its Bond Rating
By WILLIAM NEUMAN

Adding a new note of urgency to the debate over how to fix the fiscally
troubled Metropolitan Transportation Authority, a financial rating
service warned on Thursday that without a comprehensive rescue by the
state, the authority was in danger of having its bond rating downgraded.

“This is a shot across our bow,” said Gary Dellaverson, the authority’s
chief financial officer. “Moody’s is saying that the M.T.A. is in
difficulty.”

He said that the warning, in a report by Moody’s Investors Services,
could lead almost immediately to higher interest rates on some of the
authority’s variable-rate debt. If Moody’s were to downgrade the
authority, it would make it harder and costlier for it to borrow money,
he said.

The warning applied to about $12 billion in what are known as
Transportation Revenue bonds. The bonds are backed by the fares paid by
bus, subway and commuter rail riders, as well as other sources,
including taxes on real estate transactions, which have declined with
the worsening economy.

The report cited the authority’s deepening financial crisis and the
failure of the State Legislature to enact a rescue plan backed by Gov.
David A. Paterson. In response to the lack of action in Albany, and to
help close a $1.2 billion deficit, the authority’s board voted on
Wednesday to move ahead with a steep increase in fares and tolls and
deep cuts to service.

“In the absence of a long-term funding solution from the State
Legislature,” the report said, further fare increases and service cuts
were probable. Even so, the report said, the authority faces growing
budget deficits in coming years. It warned that “stopgap measures will
not stabilize the long-term fiscal health of the M.T.A.”

As a result, the report said, the authority’s financial projections “may
not support” the current rating for its fare-backed bonds.

“It is making the very direct connection between the failure of Albany
to act and the financial viability of the M.T.A.,” Mr. Dellaverson said.

Governor Paterson and the Assembly speaker, Sheldon Silver, have
endorsed a rescue plan for the authority that would generate income from
a payroll tax and tolls on the East River and Harlem River bridges. It
would also include a lower fare increase than the one approved by the
authority.

But that plan has stalled in the Senate, where several Democrats oppose
the new bridge tolls.

Officials in the Capitol said that discussions were continuing and Mr.
Dellaverson said on Thursday night that he was on his way to Albany to
take part.

The Moody’s report applied only to the authority’s Transportation
Revenue bonds. The authority also has bonds backed by bridge and tunnel
tolls and others backed by tax revenues. Those were not discussed in the
report. The authority has a total of nearly $27 billion in debt and it
has budgeted $1.5 billion this year for debt service.

The subway and bus fare increases approved this week by the authority
are to take effect May 31, and increased prices for commuter rail
tickets on June 1. The base subway and bus fare is to increase to $2.50,
from $2; a monthly MetroCard will cost $103, up from $81. Most commuter
rail tickets will go up by 20 to 30 percent.

Tolls on the authority’s bridges and tunnels are to rise on July 11.

The service cuts include eliminating 35 bus routes and the W and Z
subway lines.

Authority officials say that if a rescue plan is passed in Albany, they
can roll back the cuts and fare increases.

--
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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