As one of the many controversy-spurning agenda items Eliot Spitzer has to deal with, we hear some progress being made in the ongoing discussions with Senate Majority Leader Joe Bruno over Bruno's pet issue: the future of the New York horse-racing industry. One source involved in the private talks tells us that the tentative plan is to split up control of each of New York's three horse-racing tracks: Saratoga, Belmont, and Aqueduct. The New York Racing Association (which faces an expiration date at the end of this year) will get to keep control of the track in Saratoga, and thus stay alive. This would help the Spitzer administration avoid a potentially lengthy lawsuit.
READ MORE »
We were offered "party-bus" rides to the Belmont. We knew what we were getting into, or thought we did, and we were okay with that. As scheduled, we arrive at 11:30 Saturday morning at a rooftop bar in Murray Hill. There are the requisite young investment bankers, from the requisite smatter of Ivy League schools, dressed in the requisite popped pastel collars. There is talk of bets, of mixed drinks, of the two buses charted by Dartmouth-alum Deutsche Bankers. It is as expected.
READ MORE »