World goes on; luckily, so does MTA pension by Nicole Gelinas | | NY Torch

Robert Fitzpatrick spent $140,000 buying up subway and bus ads to warn people that the world was going to end Saturday. According to news reports, it didn't. So should we worry about how Fitzpatrick, a retiree on a fixed income, will support himself ...

The Tappan Zee is Falling Down by E.J. McMahon | | NY Torch

The Tappan Zee Bridge, which carries 51 million vehicles annually across the Hudson River between Rockland and Westchester counties, is one of the Northeast region’s most important transportation arteries--and it's badly in need of replacement. Nic...

Stop the presses! by E.J. McMahon | | NY Torch

Yesterday's Times report that Speaker Sheldon Silver has reintroduced the "millionaire tax" as a standalone bill may qualify as the dog-bites-man, non-news story of the year from the State Capitol.Silver and his conference already voted in favor of e...

Forced error: the Yanks’ parking-bailout strikeout by Nicole Gelinas | | NY Torch

Daily News columnist Juan Gonzalez has this to say today about the $237 million in tax-exempt debt behind the overly luxurious parking "system" near Yankee Stadium in the Bronx: If [the garage defaults], the Bloomberg administration faces the biggest...

Speaking of pension reform by Tim Hoefer | | NY Torch

What would "truly transformational" public pension reform look like in New York?  E.J. McMahon answers the question in an op-ed article in today's New York Post. The key, E.J. argues, is to replace the traditional defined-benefit (DB) pension with a...

Chasing wealth away by E.J. McMahon | | NY Torch

Nicole has an op-ed in today's New York Post exploring the fiscal and economic implications of the agenda being pushed by the union-led "May 12 Coalition," which is sponsoring a big demonstration in Manhattan today to demand big increases in state and city taxes.