Hevesi reading in calm tones a lengthy description of his crime: how he steered $250 million in pension funds to Markstone Capital Partners between January, 2003, and September 2005 in exchange for $75, 000 travel expenses for him and his family; $380,000 in other expenses; and $500,000 in campaign contributions. The travel, he said, included trips to Israel and Italy.
He said Hank Morris, the political consultant who has already been indicted, made the connections.
Mr. Hevesi then read a brief personal statement, saying: “I deeply regret my conduct and I sincerely and deeply apologize to the people of the State of New York, to the court, to my family.”* *Hevesi Documents
New York's Hevesi to Plead GuiltyWall Street Journal
Hevesi In Custody (YNN)
True News Says: There is more to the pension scandal then Hevesi
Was Everyone In the Pension Fund Corrupt?
Hevesi at his plea said Hank Morris, the political consultant who has already been indicted, made the connections.
"Mr. Rattner turned to Mr. Morris after meeting Josh Wolf-Powers, then managing director of private markets for the New York City comptroller, about the beginning of 2005. Mr. Wolf-Powers told Mr. Rattner that he could not think of any investment firm that had persuaded the city’s pension fund to invest without using a placement agent." Quadrangle Facing Questions Over Pension Funds(NYT, April 21, 2009)'
Joseph Mercurio Hevesi says Hank Morris "solicited contributions" & "steered investments to friends." Azi Paybarah (Twitter)The Pension Fund Cover-Up: Billions in Government Funds Will Be Need to Keep the Funds Afloat
Breaking News MTA raises fares again, monthly MetroCard prices skyrocket to $10 * NJ Gov. Chris Christie scraps NJ-NY rail tunnel * Christie Kills $8.7 Billion Train Tunnel
Corporate Happy News
Spin Goal to Soften Bad News
There is a filter going through some news thanks to some of the New York media, helped by the Bloomberg public relations machine and government agencies like the MTA which spin away each fare increase. That filter does not spin the issue to a positive story just to a less negative one. Are the goal are the ones doing the positive spin attempting to limit a tea party type movement here?
Not one follow up story about New Yorker's Income Posts a Rare Drop(WSJ) On a day when Bloomberg's flack Wolfson is saying the mayor will get Albany to go along with pension reform to save the city's budget the only story in the papers today about the comptrollers race is one from the NYP hitting the current comptrollers, pushing for the GOP to take over that position No recession for DiNapoli's pals(NYP) What is gone from the pension story is any independent voice to confirm if Albany will go along with the mayor's pension plays. Does anyone remember congestive prices? What is gone from the comptroller race is any real discussion on the health of the NY State Pension System. Pension Fears Are City Focus (WSJ) * We're going to fix pension pickle, Bloomy's top aide says (DN) * Wilson Campaign Will Make Hevesi Plea Central To Fall Campaign (City Hall)
Record High Food Stamps
The number of Americans receiving food stamps rose to a record 41.8 million in July as the jobless rate hovered near a 27-year high
Bloomberg NY Media Food Stamp Spin
The New York media changes the record high food stamp story into one that the mayor calls healthier eating habit of those on food stamps. New York Asks to Bar Use of Food Stamps to Buy Sodas (NYT) * New City Move Against Soda(WSJ) * Bloomberg tries to food stamp out soda, fatty drinks (DN) * Officials Want Sugary Drinks Banned From Food Stamp List (NY1)
MTA Fare Going Up Today
On the day the MTA fares go up the times writes divers face no increase and the WSJ spins the subways are cleaner MTA Board To Vote On Yet Another Fare Increase, Sharp Rise For Monthly Passes - WPIX * Riders Prepare For MTA Fare Hike Vote (NY1
NYT Spins that drivers may not see an increase
* With Higher Fares Ahead, M.T.A. May Spare Drivers
WSJ Spins Subways are Cleaner
* Subways Improve—for Now(WSJ)
Daily News Rips Off True News Again
Election 2010 GovPoll reversal: Cuomo lead triples in latest poll (NYP) From 6% to 18% * Cuomo wields Vito Hails scandal pal, but wins biz backing (NYP) * As Paladino Spends on Campaign, He Often Earns, Too (NYT) * Buffalo Native Makes It a Street Fight(WSJ) * Paladino to make 'major' - and mysterious - TV speech (DN) * Carl Paladino is planning a major address at 5:13 p.m. today. * Paladino’s personal wealth and willingness to spread it around – even to the elected officials he denigrates – has made him a powerful political player * The Seneca Nation has launched a $1 million GOTV effort and are targeting Sens. Jeff Klein, Carl Kruger and Craig Johnson.* This comes as the state is threatening to terminate the Senecas’ casino contract.* A 21-minute interview by the WSJ’s Jacobs Gershman of Paladino can be viewed here.* Gov. Paterson: Dream On, Carl Paladino AG Ad for Attorney General Echoes an Old Opponent (NYT)
Play to Play Campaign Funds Scandal-scorched state pols, including Pedro Espada, use campaign coffers as legal defense funds (DN)
New York Economic MeltdownNew Yorkers Dazed and Confused by State Budget A new poll of New Yorker underscores just how little the public understands about state budget woes.* Budget Cuts Put New Yorkers At Even Greater Risk of Falling Trees - DNAinfo.com * Bloomberg blasts idea of forcing business to offer paid sick days (NYP)
Koch: I Hate Rudy, I Like Rudy
Ed Koch Says He And Rudy Giuliani Are Now Friends
'Hidden' teachers They were cast out like the crazy uncle. Three teachers who have sparred with their principal said she banished them from their Brooklyn school for the day solely to keep them away during a visit by top education brass (NYP)
Wiesel: Mosque should include Jews, Christians and Muslim (DN) *France's Burqa Ban Official
Don't Look Back, Brooklyn; Houston Is Gaining on You Still No. 4, but for how much longer?
Gov: All bets off, Indians (NYP)
Media and New Tech Did Eliot Spitzer light Rick Sanchez's fuse? * Richard Johnson's Page Six Era is Over; Gossip Heads West to Work on News Corp. Digital * Letterman Suspects There's Trouble At Fox News (VIDEO) * Brighton Beach Reality Show to Become Reality
Andy Stern's Bizarre Alliance With Private Equity And Biowarfare
Pension Fund Mismanagement Highlights SEIU Corruption ...