S.&P. Downgrades U.S. Long-Term Debt(NYT)
Rating Lowered From AAA for First Time in History(NYT) *US credit rating cut for first time ever to AA+ by S&P(NYP) * US lingered too long over debt ceiling: S&P official (News Asia) *S&P Downgrades the US: Five Things(WSJ) * S&P Cuts US Debt, Should You Care? The Fed Doesn't(Forbes) * Trump: Obama Made U.S. Laughingstock - Fox News * Obama’s role in debt talks scrutinized * @jeffjarvis really need to look at corporate leadership of McGraw Hill owners of S&P to fully appreciate * Warren Buffett to Fox Business: U.S. Didn’t Deserve S&P Downgrade
Bill Maher To Panel: Are Liberals Having ‘Buyer’s Remorse’ About Obama?
Port Authority to roll out $1 billion, two-stage toll hike(NYP) *Port Authority Seeks Big Toll Increase (NYT)
erik_engquist (Twitter)
Cuomo/Christie: "The Port Authority has informed us of its proposal to dramatically increase tolls and fares." And the guvs had no say? Hmm.
117,000 jobs created in July. Unemployment rate drops to 9.1%, from June's 9.2%
Time to Say It: Double Dip Recession May Be Happening(NYT) * The Wrong Worries Washington has been obsessing over deficits and debt ceilings while the economy crumbles. (Krugman, NYT) * End the Debt Limit The debt limit is not necessary, or good for the economy, and is now a political hand grenade. (NYT Ed)
Stock Market Closes +61 Today
Economic fears swamp stocks as Dow falls 513 points; gain for the year gone(NYP) * Markets Fall as Global Worries Multiply(NYT) * European and Asian Stocks Drop Ahead of Wall Street Open(NYT) * Markets Tumble Amid Global Fears(WSJ) * Live Blog: U.S. Futures Drop(WSJ) * Street fears rise amid whispers of recession(NYP) * Clueless Congress just keeps on fighting and squabbling while stocks sink and the economy sputters (NYDN Ed)
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Poll: America to Congress Drop Dead
The president went off to a fundraiser the day after the debt crisis was resolved and Congress went on another vacation. So on that front, it's business as usual.
Disapproval Rate for Congress at Record 82% After Debt Talks(NYT) * More oppose debt ceiling deal than support it: poll (NYDN) * 62% of Likely Voters would vote to dump all the True Newscurrent legislators and start over again says Rasmussen Reports * 71% Support Five-Year Lobbying Ban For Ex-Members of Congress... * Debt Deal Could Be a Job-Killer For Incumbents(NYT) * Schieffer: Nothing seems to change in Washington (CBS)
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Were is the populist movement on the left?
NYT Asked Obama to Secret Stealth Campaign Machines
The Voters’ Need to Know President Obama was reminded, rightly, that he has not yet signed the proposed executive order requiring federal contractors to disclose donations to the stealth campaign machines. (NYT Ed)
NYP Supports Cuomo Crackdown on Non Profits
Vito Lopez $$$ His Girl Friend
Some of the ugliest abuse, of course, comes courtesy of lawmakers who steer public bucks, through a “member item” or pork-barrel system, to nonprofits that hire friends, relatives or even themselves.
In recent years, The Post has reported some real stunners. Topping the list: Pols like Assemblyman/Brooklyn Democratic boss Vito Lopez, Ridgewood Bushwick Senior Citizens Council’s founder. The council, which relies heavily on public cash, pays big bucks to Lopez’s girlfriend and campaign treasurer, who run the place. The nonprofit crackdown * Wealth of friends B'klyn Dem boss' crony and gal pal $core big at nonprofit (Sept 12, 2010)
NYP Continues to Blast Markowitz to Stop Him From Running for Mayor
And Aretha Franklin and a Congressional election
Brooklyn Borough President Marty Markowitz delivered more than $2.5 million in grants to the Brooklyn Hospital Center three years after it paid for a Caribbean vacation for him and his wife, the Post reports *Carib junketeer Marty 'repays' favor to hosp(NYP) * Beep bopped for Dem-only gig with Aretha(NYP) * NY-9 GOP candidate Bob Turner criticized Markowitz for letting his Democratic opponent, Assemblyman David Weprin, address the crowd at an Aretha Franklin concert in Coney Island last night.
UFT Goes After Murdoch As Revenge for His Support for Charter Schools
Murdoch in the Schools(Gotham Gazette) * Sharp Increase In Principals Appealing Public School Budgets (NY1) * Teachers Unions Urge State to Reject Contract with Murdoch-Owned Vendor(WNYC)
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Who Benefits From Faking Tests? Mob Up Concrete Companies . . . Why No Cement Owners Arrests?
Concrete Tests Faked Again, Officials Charge(NYT) * Crackdown Targets Tests on Concrete(WSJ) * City eyes safety of buildings after fake concrete reports(NYDN) * Concrete Lab Accused of Faking Test Results(NBC)
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Goldsmith: Snow Storm, CityTime Scandal, Outsourcing Waste
Embarrassing admission that Mayor Bloomberg's third term is badly adrift
Bloomberg Deputy Hired With Much Fanfare Steps Down(NYT) * Top Bloomberg Aide Resigns(WSJ) * Goldsmith Out, DEP Head Named Deputy Mayor for Operations(WSJ) * Stephen Goldsmith steps down after botching NYC snowstorm(NYDN) * People inside City Hall knew something was amiss when former Deputy Mayor Stephen Goldsmith suddenly canceled his schedule earlier this week, but his departure still left the top ranks of the Bloomberg administration scrambling. Some hope it's a sign the mayor has finally noticed the growing complaints that his administration is adrift, and that his replacement Cas Holloway's real job will be Deputy Mayor For Getting Back On Track. Said one fan: "The mayor does need an ass-kicker, and that'll be Cas." * Goldsmith’s habit of stressing management theory over political pragmatism did not fly in New York.* As his time in public office winds down, Bloomberg has become more overt about his philanthropy.* “Beyond the mayor, Mr. Goldsmith was the most visible face of contrition in a defining moment of a rocky third term: the chaotic aftermath of a post-Christmas snowstorm.”* City Hall : “The departure is another setback for the mayor’s effort to bring fresh-faced outsiders.”
Golden Loser
City Hall News WINNERS & LOSERS: With Mayor Michael Bloomberg having both a good and a bad week, we had to look elsewhere for clear winners and losers. Winners were Bill O'Reilly, Michael Gianaris, Gordon Medenica Rudy Giuliani and Kirsten Gillibrand. Losers were Stephen Goldsmith, Charles Barron, Ed Mangano, Courtney Burke and Marty Golden:
Kruger’s Chief Of Staff Highest Paid Staffer, Despite Corruption Allegations(Sheephead Bites)
Is Kruger Chief Of Staff Ratting On His Boss?
The House Ethics Commission has dismissed a charge against Rep. Gregory Meeks. A different charge is still being reviewed.
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Koch Keeps Up the Fight for Independent Redistricting
Kruger’s Chief Of Staff Highest Paid Staffer, Despite Corruption Allegations(Sheephead Bites)
Is Kruger Chief Of Staff Ratting On His Boss?
The House Ethics Commission has dismissed a charge against Rep. Gregory Meeks. A different charge is still being reviewed.
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4Koch Keeps Up the Fight for Independent Redistricting
Carve up N.Y.? Not this time (By Ed Koch, NYDN)
Want to know the single biggest reason state lawmakers get away with their infamous shenanigans, and are still more likely to die or be indicted than be voted out of office? A small cabal of legislators, reporting directly to party leadership, is preparing to draw new maps that can make or break careers by packing and stacking districts until they are gerrymandered beyond recognition, usually to the detriment of the helpless voters who live there.
Bedford-Stuyvesant white residents gentrifying even more striking than in Harlem
Striking Change in Bedford-Stuyvesant as the White Population Soars The neighborhood is now barely 60 percent black — down from 75 percent a decade ago. In one section, blacks have become a minority for the first time in 50 years.
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Sunset Park Brooklyn Now the Largest Asian Community in the City
Chinese population in Manhattan's Chinatown has dropped 17 percent in a decade, making it the city's third-largest Chinese neighborhood behind Sunset Park in Brooklyn and Flushing in Queens, the Daily News says:
Where is the Rent Too Damn High Jimmy?
Jimmy McMillan, the fame-grabbing face of the "Rent is Too Damn High" Party, is fighting eviction from an $872.96 rent-controlled East Village apartment. The Post says the landlord claims he really lives in Brooklyn: * 'Rent' party founder says he loves pot, porn in new documentary
After being chastised by the Staten Island Advance, Sen. Diane Savino apologized for referring to the Tea Party as the “new mafia.”
Subway fakes in line of 'fire' Résumés a sham-ily affair (NYP)
UFT Secret Plan to Stop Charter Schools
A secret primer from the teachers union on how to thwart parents and stop charter schools(NYDN Ed)
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Sept. 11 Memorial refuses to pay $150M to Port Authority for Ground Zero construction costs(NYDN)
7 More Ways Cabbies Have Avoided Taking You to Brooklyn (Village Voice)
Jon Stewart Lashes Out At Anti-9/11 Cross Atheists: ‘Why Do You Give A Sh*t?’
BANK ROBBERY Mortgage Settlement Challenged Bank of New York Mellon is accused of fraud in its role overseeing loan pools at the heart of an accord with Bank of America. (NYT) * AG Eric Schneiderman is moving to block a proposed $8.5 billion settlement struck in June by Bank of New York Mellon and Bank of America over troubled loan pools issued by Countrywide.* Probe: “New York Attorney General Eric Schneiderman says the proposed $8.5 billion Bank of America settlement of investor losses from 530 mortgage-backed securities is ‘unfair’ and trustee Bank of New York Mellon engaged in ‘repeated fraud’ in connection with the securities sale.” [AP] * KatrinaNation (Twitter)Gutsy NY Attorney General Eric Schneiderman challenges BOFA mortgage settlement,accuses Bank of NY of fraud. Hold Wall St. Accountable.
In His Own Hand, a Suspect’s Account of a Grisly Crime(NYT) * Suspect 'Fit' for Trial(WSJ) * 'I'M FAMOUS': Accused butcher Levi Aron bragged to cops(NYDN) * 'I'm famous!' brags vile Leiby 'killer'(NYP)
Law and Order
Bust brings roll reversalW'chair 'bandit' bagged(NYP) * Two fathers shot to death within hours of each other in Bronx(NYDN) * Ex-con dad barred from going near his son's killers(NYDN) * NYC Teacher, Accused Of Having Sex With Student, Surrenders To Police (WABC)
Why Is The Media Scared Of Rev. Al Sharpton?(Newsone)
Sharpton cancels NABJ appearance over criticism of MSNBC job
John Kerry Scolds The Media On MSNBC: It Needs To Stop Making All Arguments Equal
Piers Morgan Tomorrow? The Hacking Scandal Laps At The British Star(Time)
Rupert Murdoch was among the gawkers appreciating the Central Park Zoo peacock when it was briefly on the lam.
Elisabeth Murdoch not joining New Corp board, it seems.(Twitter)