
The M.T.A. decided to take on nearly $7 billion in debt today in order to balance its capital budget, which is short $9 billion for the next three years. Former Lieutenant Governor Richard Ravitch has a novel idea to solve the problem: bring back congestion pricing. Read More

We just got our first indication of how Conductor Cuomo might feel about raising new revenues for the M.T.A., and it's not promising. Read More

This how Beyoncé walks into a room: transmissions ripple through the air and into headsets of guards and PRs, who toss off clipboards, mutter back into the receiver and scuttle off to their places when in a flash a barricade of arms come into the room, fending off fans and photographers, and in the middle, Read More

An elderly man in an apartment on East 22nd Street (across from the Flatiron Building) alledgedly waved a gun at a window washer earlier today. After seeing something, the window washer called 911 and said something. The cops closed off the street and confused office workers took to Twitter. Rumors ran rampant. After about a Read More

The attacks in Norway have produced a conversation about Europe's issues with far-right extremism that many Scandinavian crime writers have addressed in their work already. NPR speaks with Ann Holt, a former justice minister in Norway who is now a bestselling author of detective fiction. At The New Yorker Book Bench, Joan Acocella Read More

And we're back! According to the Artprice Global Index, which tracks international auction figures, art prices have returned to the lofty heights they inhabited before the 2008 worldwide economic crash, The Financial Times reports today. The market researcher's numbers show a 27 percent spike in auction prices in the first quarter of this year compared Read More

Recent notable deals in Manhattan real estate:
Florida couple David and Francie Horvitz have purchased an apartment in the Eldorado at 300 Central Park West for $8.45 million. The property was picked up in 2009 for $6 million by Philip Marder. Corcoran agent Daniel Douglas claims that the Horvitzs will be able to “Savor the finest views in Manhattan (if not in all 'Earth's Kingdoms')” from their new home. Read More

There are slumlords and then there are slumlords.
Three Brooklyn landlords were arrested yesterday for failing to address a combined 500 open housing code violations on two properties, according to the Department of Housing Preservation and Development. Read More

Congressional candidate David Weprin is slated to be endorsed by Connecticut Senator Joe Lieberman tomorrow, The Politicker has learned.
The endorsement would represent a considerable coup for the Weprin campaign. Earlier this week his Republican opponent, Bob Turner, was endorsed by former Mayor Ed Koch, who said that voters should elect Turner to send a message to President Obama over his Israel policy. Read More

In this week's Observer, zine-makers Thessaly LaForce (of The Paris Review) and Jenna Wortham (of The Times) discussed putting together Girl Crush--a publication featuring writing by and about the enviable Jennifer Egan, among others. Ms. LaForce and Ms. Wortham have revealed the Girl Crush cover, and it's hardly black-on-white Xerox. The peach-colored Read More

The midtown apartment of outlandish Redskins running back John "The Diesel" Riggins has been intercepted. The NFL player turned actor/sports commentator is just as famous for telling Supreme Court Justice Sandra Day O’Connor to “Lighten up, Sandy, baby,” at a dinner in 1985 (before passing out under the table during a speech by then-Vice President George Bush) as for his record as a running back with the Jets and 'Skins. Read More

Reports of a hostage situation near the Flatiron Building started breaking moments ago on Twitter. Reports of bomb disarming robots, swat teams and cops on the roof of the triangle-shaped building are materializing by the second. Update: the suspect, who barricaded himself in an apartment near 22nd and Broadway, is now in police custody. Read More

Last Saturday, The Observer slathered on sunscreen and headed to Queens for Saturday’s installment of MoMA/PS1’s yearly Warm-Up series. Syd Tha Kid—the producer and sole female of recently infamous rap collective OFWGKTA (Odd Future Wolf Gang Kill Them All, or Odd Future, for short) was slated to be the afternoon’s main attraction. The group has Read More

Urban beekeeper Andrew Coté waited seven days before offering The Observer his phone number. He has no personal website, no business card. “They’ll bother me,” he said. “I’m just going to keep working my bees.” As the self-proclaimed largest single beehive owner in New York City, Mr. Coté has his work cut out for him. Read More

The photographer David LaChapelle recently won a pre-trial hearing that will allow his lawsuit against Rihanna to proceed, Photo District News reports. The two superstars will go head-to-head, through their lawyers, in New York City District Court on August 10 Mr. LaChapelle argues that the video for Rihanna’s “S&M” lifts elements from his more Read More