Wednesday Links
Greenpoint. Photo by markamav. Blaming the State, Mayor Orders Cuts in City Budget [NY Times] Bush and Fed Step Toward a Mortgage Rescue [NY Times] Dumbo Rezone Could Spawn 1,000 Apts [NY Observer] Domino’s Ads: Fuhgeddaboudit! [NY Daily News] Bklyn College Opening 1st Dorm [NY Daily News] Tax Policy Causing Rent Hikes? [AM New York]…
Greenpoint. Photo by markamav.
Blaming the State, Mayor Orders Cuts in City Budget [NY Times]
Bush and Fed Step Toward a Mortgage Rescue [NY Times]
Dumbo Rezone Could Spawn 1,000 Apts [NY Observer]
Domino’s Ads: Fuhgeddaboudit! [NY Daily News]
Bklyn College Opening 1st Dorm [NY Daily News]
Tax Policy Causing Rent Hikes? [AM New York]
The Dirt on Compost Givebacks [Green Brooklyn]
Don’t take the city compost unless you plan to screen it through a fine mesh and always garden in gloves — it’s full of glass.
Re: Bush and Fed Step Toward a Mortgage Rescue [NY Times]
“But skeptics worry that the plans to expand the scope of the F.H.A. will put taxpayers at risk. They note that home prices are likely to fall further. If the government moves to insure or buy mortgages now, it might help arrest the price decline — but only temporarily.
‘The reality is, prices will fall; there is no way to keep them up,’ said Dean Baker, co-director of the Center for Economic and Policy Research, a liberal group in Washington. ‘If we have the government get in, either as the owner of the debt or the guarantor of the debt, a lot of the decline will be shouldered by the taxpayer.’ ”
That’s fucked up. We gotta pay for the demise of Wall Street’s Ponzi Scheme. Very ‘gangsta’.