The Round-Up: Thursday

Several M.T.A. board members will vote against a move backed by their own chairman to restrict their use of free E-ZPass tags and transit and commuter rail passes. [NY Times]

The guardian of Gramercy Park makes sure the park remains one of the most picturesque, but least used green spaces in the city. [NY Times]

The state court announced a new program Wednesday to help homeowners avoid foreclosure. [NY Times]

After a decade in which gas prices have quadrupled, Americans are finally starting to drive fewer miles in fewer gas-guzzling cars, report say. [NY Times]

Gimme Shelter: Carly Simon enlists her sister to sell her $3.8 million co-op; Heather Mills is moving into her Perry Street condo early; and Rachel Ray finally closed on a beach house. [NY Post]

The city reached a deal with a developer to build two new schools and a condo tower in Midtown. [NY Sun]

Upper East Siders claim violence is on the rise. [NY Sun]

A study showed that gentrification actually attracts low-income minorities. [NY Sun]

Apartment customization is about more than just choosing a color palette. [NY Sun]

Gristedes has poached a member of the rival D’Agostino’s grocery clan for a key post. [Crain’s]

Hedge funds are finding new talent amid the Wall Street layoffs and pay cuts. [Bloomberg]

Prosecutors focus on e-mails to prove that two Bear Stearns managers misled investors about the strength and performance of their two portfolios. [WSJ]