Friday, April 25, 2008

Friday News Roundup

A few important bits of news:
- After an animated discussion, CB6 Land Use Committee voted 9-4 to support closing the "wide streets" loophole. The Committee, as well as Bill deBlasio (who was instrumental in making this happen) and our other local elected officials (Millman and Connor) all deserve praise for working to preserve the character of our community. Several steps still to go. Next is the full Board, then the Borough President.

- Another sign that DOB is a broken organization that needs a major cultural change, not just a new Commissioner: "City officials admit they wrongly gave the green light to the project at 303 East 51st St., where a tower-crane collapse on March 15 killed seven people." We must end the farce called self certification that outsources DOB oversight to the developers. Now.

- Consumer confidence "fell deeper into recessionary territory, to 62.6 from 69.5 in March . . . the lowest since March 1982's level of 62.0., when the "stagflationary" period of low growth and high inflation was still an issue for many Americans." We are in for a serious adjustment; the real estate recession has not even begun here yet, but realtors with long memories will remember what the early 1990s were like, and that's what we're facing in the near future.

- Generalissimo Francisco Franco is still dead. Have a good weekend!

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