The Morning Read: Monday, August 4, 2008

Looking at what state lawmakers were doing while the economy worsened, Michael Gormley writes, “When Paterson succeeded Spitzer, who was snared in a prostitution investigation in March, the top goal in Albany wasn’t policy or spending, but harmony.”

Financial experts, and some legislators, don’t think the state is facing a fiscal crisis.

The Daily News editorial board disagrees, writing, “Make no mistake, New York is in full-blown financial crisis.”

Michael Bloomberg and Peter King write an op-ed urging the Dick Ravitch to stave off a fare hike and, again, making the case for the state to collect taxes on cigarettes sold on Indian reservations.

In an opinion column, Jacob Gershman says a crisis is good for David Paterson and bad for Sheldon Silver. but adds there’s not much “bite” behind Paterson’s “bark.”

Silver still opposes congestion pricing (and UNITE HERE hired two new operatives).

Bloomberg is hosting a party for Hillary Clinton tonight, on Barack Obama’s birthday.

Paterson wants to cut millions from SUNY’s budget.

Charles Gasparino thinks Obama “promises to raise just about every tax imaginable.”

Tom DiNapoli’s audit shows the state is paying millions of dollars in Medicaid for former residents.

Bill Thompson saved the city millions by settling cases online, and now a city agency may use the same software.

Fernanda Santos sits in on Bloomberg’s Spanish lesson.

Dan Squadron slammed the bill Marty Connor sponsored that would pay state lawmakers more for dropping outside sources of income.

Two lawyers in Brooklyn D.A. Charles Hynes’s office were suspended because they had not been admitted to the state bar.

The city’s housing authority may sell its air rights.

Chuck Schumer wants to withhold foreign aid to Serbia until they return a person wanted for beating a college student here.

The girlfriend of a former David Dinkins aide fell to her death in the West Village.

William Kristol is still naming Bloomberg in a list of possible vice presidential candidates for John McCain.

David Saltonstall reads more tea leaves.

Jonathan Martin says Obama will pick first.

The New York Post editorial board disagrees with Andrew Cuomo’s opposition to Indian Point.

In an op-ed, John McCain remembers Alexander Solzhenitsyn.

Charlotte Grimes explains how the Times Union divides news and opinion.

And there’s some car-free experiments in the boroughs.

The Morning Read: Monday, August 4, 2008