Monday, April 30, 2012

Europe Battles Toward Rules on Bank Capital

BRUSSELS—European countries have narrowed their differences over new rules on bank capital ahead of a key meeting of finance ministers, but European officials say a big gap remains over whether member states should be allowed to impose higher requirements on their own banks.

The ministers meet Wednesday in a gathering called specifically to pin down rules over how much capital banks in the bloc should be forced to hold on their balance sheets. Also in dispute is whether banks should be able to count capital held in insurance subsidiaries as their own.

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Vítor Constâncio, ECB vice president, last week said member states should be able to impose stricter rules.

The original proposals were put forward last July by the European Commission, based on agreements reached by the Basel Committee of international banking regulators, which is named after the Swiss city where they meet. Member states, the Commission and the European Parliament must reach agreement on the new rules, to be phased in from the start of next year, and the Commission had hoped for a decision this summer.

Some EU member states, led by the U.K., are urging a strict interpretation of the Basel proposals, saying failure to follow through could risk a repeat of the 2008 financial crisis. Others warn that with Europe's economy sinking back into recession, a rigid interpretation of capital and liquidity requirements could further crimp lending and damage the recovery.

The commission said its proposals were aimed at reinforcing the EU's single market, and meant to reflect "maximum harmonization" among EU member states. They would, it said, enforce a "level playing field" among countries and avoid regulatory arbitrage, the tendency for banks to migrate to jurisdictions with the lightest regulation.

France supports this notion, while a number of EU member states, including the U.K. and Sweden, have insisted the EU should impose only minimum standards.

This would give countries flexibility to implement much higher capital requirements on domestic banks that are important to their financial systems. The U.K., which has a huge banking sector relative to the size of its economy and bailed out three major banks during the financial crisis, wants the freedom to impose heavier capital requirements on its lenders.

The European Central Bank also favors EU member states having flexibility to impose stricter capital rules. "The ECB strongly supports the establishment of a single European rulebook for financial institutions...which at the same time allows for flexibility at national level by member states to apply more stringent prudential requirements where systemic risks arise," European Central Bank Vice President Vítor Constâncio said last week.

The latest discussions would set a minimum requirement for bank capital of 8% of risk-weighted assets, plus an additional countercyclical buffer of a maximum 2.5% and a further so-called conservation buffer eventually rising to 2.5%. A countercyclical buffer would allow for increases in capital during the growth stage of the economic cycle.

The main points of contention are over an additional buffer for systemically important banks. Danish officials, whose country holds the rotating presidency of the EU, have proposed a compromise that would allow a further buffer eventually reaching 5%. But member states wishing to impose this higher burden would have to justify it to the commission and the European Systemic Risk Board, the European agency charged with reducing the chance of financial crises. The two bodies would have the authority to ask countries to adjust their rules.

EU officials say most member states have accepted some kind of ceiling but the U.K. and some other governments continue to oppose it.

Also in dispute is whether capital held by related insurance subsidiaries should be counted in bank capital, as the commission proposed last year. The Basel Committee ruled out this option, but governments such as France, where banks and insurance firms are often held by the same financial holding company, favor combining their capital.

"Europe has traditionally championed international financial standards... Not complying with [international financial standards] now would have unfortunate effect of undermining the global authority of the Basel Committee and that's not in interest of Europe," said Nicolas Véron, a senior fellow at the Brussels-based think-tank Bruegel.

—Geoffrey T. Smith contributed to this article.

A version of this article appeared April 30, 2012, on page C3 in some U.S. editions of The Wall Street Journal, with the headline: Europe Battles Toward Bank Capital Rules.

SmartMoney Glossary:

member states, Basel Committee, Basel Committee, European Central Bank, bank capital, bank capital, capital requirements, Europe, Europe, the Commission, the European Commission, financial crisis

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Sunday, April 29, 2012

Rangers forward Stepan starring in playoffs

headshotLarry Brooks
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Blog: Slap Shots

It doesn’t even take 10 fingers to count the number of centers in NHL history with greater careers than Bryan Trottier, who came to the Island as a 19-year-old man in 1975 and left the league 18 seasons later with Stanley Cup rings for six of his digits.

But even with uncommon maturity for a teenager, unquestioned character recognized immediately in the room, and surrounded with talent, it took Trottier five years to become a playoff force after getting 27 points and five goals over 42 games in his first four postseasons before recording 107 points and 37 goals in the 75 games it took the Islanders to win their four straight Cups.

Yes, general manager Bill Torrey’s acquisition of Butch Goring that is the best deadline deal in NHL history freed up Trottier, but it took some time for a player even that special to come to terms with the playoffs and figure it all out. You never quite know when it’s going to click in.

No one is comparing Derek Stepan with Trottier, but from the first moment of Stepan’s first day of his first training camp in September 2010, there was an inescapable sense of security, maturity and poise beyond his years within the 20-year-old out of the University of Wisconsin that was similar to Trottier’s right from the start.

For two seasons, Stepan handled pretty much everything thrown at him. Except for the playoffs. A year ago, scoreless in five games against Washington, moved out of the middle onto the wing for the final three matches after getting a fair share of time during his rookie season as a first-line pivot. This year, scoreless in his first five games against Ottawa, demoted to the fourth line for Game 3 after spending his entire sophomore season as a top-six forward.

But then, toward the end of the Game 5 defeat, it started to click. And then in Game 6, it clicked in. It clicked in with a goal — the first goal; the tying goal; the goal that was essential for his team — and two assists. And then in Game 7, it clicked again, Stepan threading a right wing pass between defenseman Sergei Gonchar’s skates to set up Marc Staal in front for the first goal; Stepan on the ice for 8:37 of the third and 3:14 of the final 7:09 with the Rangers protecting a one-goal lead amidst bedlam at the Garden.

“He willed himself,” is what coach John Tortorella said about the growth spurt that took place within a week. “It was weighing on him, but he found a way.”

Stepan spent most of the year centering Artem Anisimov and Marian Gaborik on a line that created off the rush and found open spaces. Now he’s the pivot between Ryan Callahan and Chris Kreider on a line with an entirely different dynamic, one that does so much of its work below the hash marks and more of its work in straight lines.

Callahan from Rochester, N.Y.; Stepan from Hastings, Minn.; and Kreider from Boxboro, Mass: The Yanks Are Coming.

“I approach every game with the same mindset and the same principle no matter who I’m playing with,” Stepan said yesterday on the one day between Game 7 against Ottawa and today’s Game 1 against Washington. “Artie and Gabby might have different abilities than Cally and Kreids, but the mindset is to skate and work on every shift and do what I can to get my wingers the puck.

“That doesn’t ever change.”

What has changed, though, is Stepan’s presence on the postseason ice. What has changed is the swagger with which he plays, a swagger that took Trottier five postseasons to develop.

Again. Nobody is comparing Stepan with Trottier, except after covering each so early in their careers, I guess I just did.

larry.brooks@nypost.com

Bryan Trottier, Trottier, Derek Stepan, NHL, Stepan, ebook download

Nypost.com

Saturday, April 28, 2012

The Post’s Peter Vecsey forecasts first round of NBA Playoffs

headshotPeter Vecsey

There’s nothing like repeatedly seeing the Eastern Conference’s seventh-best team on national TV in the so-called game of the week(end). The Knicks have been showcased five times on Sunday — topping Cardinal Dolan — including the past three. Compare that to twice for the Thunder and not a passing glance at the Spurs, two of the NBA’s slightly more successful attractions.

At least Saturday's feature is a justifiable screening in that the Knicks’ juicy, playoff-ignition Heat head-on is against a rightful heir to the soon-to-be abdicated Mavericks’ throne. And, as histrionics would have it, against Pat Riley’s children from his third marriage.

UPI

Derrick Rose

Or has the statute of limitations expired regarding that outdated hostility? I suspect not by the hair on LeBron James’ chinny chin chin … that he plays with on the sidelines as much as he used to bite his nails.

Even if Padre Riles’ former family and fans are in a forgiving, forgetful frame of focus, a bloodthirsty platoon of paperboys or two is gory-bound to veer from their regular routes and revive the fax resignation story.

Commencement exercises have yet to begin, and I already have overdosed on the thought of how many times the nitworks will air Jeff Van Gundy hanging on to Alonzo Mourning’s leg.

Can Carmelo Anthony match LeBron for seven games? He’s certainly talented and mentally tough enough. But is he willing to do everything it takes to win, as he did with an April 17 triple-double against the Celtics? Especially find the cutter or the cross-court perimeter slinger? Though Melo notched 30.5 points in two regular-season losses, the Heat defense made life miserable for just about everyone else.

Who does Tyson Chandler guard, Chris Bosh or Udonis Haslem? Both must be guarded outside, which offsets Miami’s conspicuous lack of length and scoring underneath. The Knicks cannot afford to leave the occupied area and the rim unprotected.

Hoop du Jour scout Ross Kreines anticipates Mike Woodson regularly employing a zone: “It worked for the Mavericks in last year’s Finals.”

The Knicks have their injury concerns — Amar’e Stoudemire and Baron Davis — and the Heat have theirs. When you give up your body as impulsively as Dwyane Wade, you’re on a crash course to be the next Pete Reiser (look him up) and end your career prematurely. Clearly, the ever-mounting damage is taking its toll.

I steadfastly believe Iman Shumpert, if he stays home and doesn’t reach, can defend Wade and James. Well, at least better than he can Paul Pierce, who schooled Shumpert for the majority of his 43 points last week.

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The Knicks, The Knicks, Cardinal Dolan, LeBron James, Heat, Knicks, Jeff Van Gundy ebook download, Iman Shumpert, Carmelo Anthony, Dwyane Wade, Eastern Conference’s, Udonis Haslem

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Friday, April 27, 2012

Knicks, Anthony could make some noise in East, Miller says

Reggie Miller used to torment Knicks fans. Now he is giving them a reason to hope.

The TNT analyst and soon-to-be Hall of Famer said the Knicks “absolutely” have a chance to pull a major first-round upset over the Heat when the NBA playoffs tip off this weekend.

“When you look at playoff teams there are a few things you need: To have great team defense, which the Knicks have played since [coach Mike] Woodson has taken over, to have great individual defenders, and they have two excellent ones in Iman Shumpert and Tyson Chandler, and you need a bona fide closer,” Miller said.

INSTANT CARMA: TNT analyst Reggie Miller (inset) says don’t count out <a href=Carmelo Anthony (left) and the Knicks in the playoffs" title="INSTANT CARMA: TNT analyst Reggie Miller (inset) says don’t count out Carmelo Anthony (left) and the Knicks in the playoffs" width="300" height="300" src="/rw/nypost/2012/04/27/sports/web_photos/27.1sxxx.tvcover.C.TA--300x300.jpg" />

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INSTANT CARMA: TNT analyst Reggie Miller (inset) says don’t count out Carmelo Anthony (left) and the Knicks in the playoffs

“[That’s] a guy that you can just throw the ball to, get to the free-throw line, keep you in games on the road and trust with leads at home. And they obviously have that in Carmelo [Anthony]. And the way they’ve been playing the last month and a half, I would not, by any means, be surprised if they push or beat Miami .”

Miller was the Pacers’ closer when they faced the Knicks in six playoff series over eight years, with each team advancing three times. But it’s not Anthony’s scoring prowess that has opened Miller’s eyes in recent weeks.

“What I’m most proud of is his defense and how he’s bought in,” Miller said. “Especially his latter years in Denver and last year when he was trying to carve a niche into that New York lore it was all offense.”

And Anthony’s teams only made it out of the first round once: In 2009 the star forward led the Nuggets to the Western Conference Finals, where they lost to the Lakers in six games. He was brought to New York, in a trade last season, with the thinking he could team with Amar’e Stoudemire as a superstar tandem.

But Stoudemire hurt his back before Game 2 against the Celtics in last year’s opening round of the playoffs and struggled through limited minutes as the Knicks were swept. This season, Stoudemire has just returned from missing time with a bulging disk in his back.

“What he can give you is another big body, toughness, opportunistic baskets as well,” Miller said.

“For instance, if you look at the end of [Sunday’s] game in Atlanta and the big block, would we have seen that at the beginning of the year? Maybe, not.”

Miller said the Knicks are one of several Eastern Conference teams capable of reaching the Finals. So is his former team.

“It’s wide open,” he said. “The way the Pacers are playing, and how hard they play, and the Knicks with Carmelo, there’s four or five teams that could come out of the East, and I probably wouldn’t have made that statement two months ago.

“There are eight or nine teams [from both conferences] that could be like the New York Giants, St. Louis Cardinals; teams that weren’t expected to win it last year, came out of nowhere, got hot at the right time to win it.’’

jterranova@nypost.com

Reggie Miller, Carmelo Anthony, Knicks, NBA playoffs, Iman Shumpert, Western Conference Finals, TNT

Nypost.com

Thursday, April 26, 2012

Tampa Bay Downs Graded Entries

Post Time: 12:25 p.m.

FIRST-7f; $9,500; cl($5,000); 4up

1-Cover Price

9-5

2-Soldier Sam

8-1

4-Honest Paul

5-2

5-Quick Appeal

8-1

3-Morador Llers

2-1

6-Richie Rules

15-1

SECOND-6 1/2f; $20,500; mdn spcl wt; 3up

3-Myles

9-5

4-Jo Ann's Bullet

5-2

1-Just Holler

6-1

6-YrdsleOnWees

15-1

5-Ginplay

10-1

7-Serrated Edge

6-1

2-Roman Classic

9-2

THIRD-7f; $11,500; mdn cl($12,500); 3YO; (f)

8-Clara J

15-1

3-Sweetdremsgle

4-1

5-Philippis

3-1

4-SamanthaRos

30-1

2-Dr Maureen H

5-1

6-Bruski's Star

7-2

1-RedgpNcheres

15-1

7-Calorie

5-2

FOURTH-5f(T); $15,000; cl($16,000); 3up; (f&m)

7-Talented Nut

5-1

5-Ms Drewcilla

20-1

2-ShezaSpecialGl

6-1

6-B My Secret

30-1

4-Miesque Amour

5-2

8-Yolanda'sDrem

4-1

1-Thoarra

8-1

9-Military Mary

7-2

3-My Tee Time

15-1

FIFTH-7f; $9,500; mdn cl($8,000); 4up

7-Black Circle

3-1

5-Srprsedtseee

15-1

2-ChosetRepent

10-1

6-GretnessSecre

30-1

11-Me No Evil

5-2

8-Captain Henry

20-1

1-Tuffy McRusk

30-1

9-Turn Red

4-1

3-Mona'sThunder

6-1

10-Everydayisgft

30-1

4-Concert Dell

10-1

12-AnthrMnOWr

30-1

SIXTH-1 1/16m(T): $12,000; mdn cl($16,000); 3up; (f&m)

1-Sting Cut

4-1

7-She's Risky

20-1

13-Givenchi

9-5

8-RelentlessRth

30-1

4-CorpusChristBy

5-2

9-Bacarella

15-1

2-SDPGreedisgd

6-1

10-ManiacMnrow

8-1

3-Scorpion Bride

6-1

11-Jungle Princss

2-1

5-Famous Fanny

20-1

12-CndlentheWn

30-1

6-The NazgulRide

7-2

14-UptwnChrmer

15-1

SEVENTH-5f; $10,500; cl($8,000); 3up; (f&m)

1-Ruby Red

2-1

4-Root fortheCat

30-1

3-Sapphire Sun

9-2

5-D'sLittlebitWild

8-1

7-Antherdrtysece

5-2

6-SexySndbgger

12-1

2-Codera

15-1

8-Queen Yamile

4-1

EIGHTH-1m(T); $21,700; alw; 3up; (f&m)

8-Somasach

2-1

3-Alexi's Gold

30-1

10-Nekkar

5-2

4-Soul oftheGem

30-1

5-Ula

6-1

6-Super Trooper

6-1

1-Prize Doll

12-1

7-CharliSunshne

10-1

2-Reba's Affair

12-1

9-First Run

8-1

NINTH-6f; $10,800; cl($8,000); 3up; (f&m)

8-Speed Diva

15-1

5-Jamie's Ticket

5-2

4-Repent's Gem

7-2

6-Blonde Bullet

12-1

2-Ivory Tickle

8-1

7-Sandy Mist

20-1

1-Sassy Lil Fox

8-1

9-Wadocashski

20-1

3-ForestBlossom

10-1

10-Kss MeYouFool

3-1

TENTH-1m(T); $18,500; cl($50,000); 3up

6-All for the Trip

2-1

4-Wherenthewrld

5-1

7-Troublenoski

6-1

5-Chill Out Cat

6-1

2-Direction toPay

3-1

8-Robynhood

10-1

1-Coolyourpipes

15-1

9-Roll On Rouge

20-1

3-Ynot Gray Boy

15-1

cl online, cl

Nypost.com

Wednesday, April 25, 2012

Wright says Mets fans should cheer Reyes return with Marlins

The last time anybody saw Jose Reyes at Citi Field, he had just bunted for a hit and promptly exited the game to preserve his lead in the NL batting race.

He will return tonight with the Marlins and perhaps finally receive the ovation he missed last Sept. 28 when he chose to make his early departure. Or, the former Mets shortstop could get booed for taking the Marlins’ money — $106 million over six years — and leaving town.

BOX SCORE, GAME 1

BOX SCORE, GAME 2

“It stung after he signed with Miami,” David Wright said yesterday. “But I think all and all, he should receive a positive response, just [for] what he meant to this organization and what he meant to this franchise for so long.”

The Mets, who never made a concrete offer to Reyes during the off-season after it was clear they had no plans to approach Miami’s offer, will salute Reyes’ accomplishments in a pregame video. It’s a similar tribute players such as Mike Piazza, Darryl Strawberry and Dwight Gooden received upon returning.

Wright said Reyes should avoid trying to bunt on him.

“Unless he wants an 0-fer,” Wright said. “But I think he’s smarter than that, because the last thing I’m going to do is let him get a hit over that way.”

Wright said Reyes called him last winter to say he was leaving. The gesture was clearly appreciated.

“He called and let me know about his decision and just was very classy and wanted to let me know how much it meant to him playing together for so long,” Wright said.

“I thought that was a real nice move on his part and I consider him one of my closest friends in baseball, and that’s no different now.

“Obviously we’re going to go out there and try to beat him as badly as possible, and then hopefully he doesn’t get any hits against us, but as soon as he leaves here, you always look at the box scores and you hope he does well.”

* Ronny Cedeno was placed on the disabled list with a strained rib cage muscle, retroactive to April 21. Manager Terry Collins said Cedeno had felt soreness in recent days, but the injury worsened yesterday, necessitating the move. ... Andres Torres (calf) and D.J. Carrasco (ankle) both began rehab assignments last night for Class A St. Lucie. Torres went 3-for-4 with an RBI and two stolen bases, and Carrasco pitched a perfect inning.

David Wright, Jose Reyes, Darryl Strawberry, Marlins, Dwight Gooden, Ronny Cedeno, Mets, The Mets, Mike Piazza

Nypost.com

Saturday, April 21, 2012

Meadowlands Graded Entries

Post Time: 7:00 p.m.

Best Bet: Volare De Vie (1st)

FIRST: mile trot; $8,500; cond

8 Volare De Vie

(JCampbell)

1-2-X

7-2

4 Sequin Hanover

(YGingras)

5-8-1

4-1

3 Stan The Man

(RPierce)

4-3-8

3-1

1 Fortunista

(DDube)

5-7-8

15-1

2 Weekend Vacation

(AMiller)

6-3-7

10-1

5 Mcattee

(JMeittinis)

5-2-X

15-1

6 Another Amaretto

(DMiller)

1-10-7

8-1

7 Adriana Hanover

(SSmith)

3-4-X

5-1

SECOND: mile trot; $9,500; cond

6 Idonette

(JCampbell)

1-1-X

9-2

3 Broadway Rocks

(AMiller)

1-2-1

2-1

1 LindyMcdreamy

(Schnttker)

1-2-1

3-1

2 Yankee Royalty

(RPierce)

4-4-7

15-1

4 VictorsCowboyJoe

(Meittns)

6-4-1

12-1

5 War Cry Hall

(YGingras)

3-8-6

6-1

7 Ima Que T

(JMarohn)

3-2-4

12-1

8 Up Front Striking

(DMiller)

1-6-3

8-1

9 Bullville Win

(DDube)

4-5-6

20-1

10 To Cash A Tune

(SSmith)

5-6-6

20-1

THIRD: mile trot; $14,000; cond

7 Stir Me Up

(YGingras)

4-5-2

4-1

8 Mojito

(DMiller)

6-3-2

7-2

2 BrdwyZnger

(TSmedshmer)

2-3-6

5-2

1 Permanent Joy

(RKrivelin)

4-3-7

20-1

3 All Locked Up

(JCampbell)

3-3-2

10-1

4 Pure Barre

(AMiller)

1-4-2

6-1

5 Fandango Dancer

(HLandy)

1-6-7

12-1

6 Jake Be Nimble

(RPierce)

6-4-5

15-1

9 Mr Fenwick

(JMeittinis)

2-1-2

8-1

FOURTH: mile pace; $14,000; cond

9 Ramona Disomma

(DDube)

5-6-1

3-1

10 Nite Games

(JCampbell)

3-5-7

4-1

3 Reilly's Daughter

(AMiller)

4-8-1

9-2

1 Miss Annie J

(PBerry)

8-8-7

15-1

2 Easy De Vie

(DMiller)

1-2-8

15-1

4 Shayna Baby

(YGingras)

6-1-1

6-1

5 Spirit To Spare

(JMeittinis)

5-1-4

5-1

6 Gordyyy's Pet

(RPierce)

7-8-4

15-1

7 ShardonsDebutante

(JBngrn)

1-4-4

12-1

8 Mcflirty

(JMarohn)

2-2-5

10-1

FIFTH: mile trot; $8,500; cond

3 Celebrity Playboy

(RPierce)

6-7-3

3-1

2 FirstNotableChip

(Campbell)

5-1-6

8-1

7 Ginger Tree Wanda

(DMiller)

3-3-5

7-2

1 Lucerne De Vie

(SSmith)

3-6-4

10-1

4 Heidi Falls

(DDube)

8-5-9

5-1

5 Stogie Hanover

(JMarshall)

7-5-5

20-1

6 Leaveitonthetrack

(JMarohn)

8-6-3

20-1

8 Swing And A Hit

(JMeittinis)

7-4-6

20-1

9 WhateverLolawants

(Miller)

8-4-5

12-1

10 Pegasus Point

(YGingras)

5-2-8

9-2

SIXTH: mile pace; $21,000; cond

2 Freedom Crossing

(RPierce)

3-1-6

3-1

1 SmokePanMirrors

(JBongirn)

4-5-1

6-1

3 Shabalabadingdong

(Miller)

3-4-4

4-1

4 Dragon Princess

(DDube)

7-1-8

15-1

5 Foxy Lady

(YGingras)

7-4-2

6-1

6 Radar Contact

(JCampbell)

6-1-7

12-1

7 Synergy Seelster

(DMiller)

1-7-3

5-2

8 Bell On Wheels

(HLandy)

1-3-2

10-1

SEVENTH: mile trot; $8,500; cond

4 SndWyndhm

(TSmedshmer)

2-4-2

5-1

2 Live Jazz

(RSchnittker)

3-2-8

7-2

1 Zumba Mouse

(DMiller)

3-3-2

9-2

3 Enough Talk

(RPierce)

4-5-4

3-1

5 Tober

(JCampbell)

2-10-10

8-1

6 Master Begonia

(YGingras)

6-9-1

12-1

7 Action Sj

(DDube)

2-6-2

15-1

8 New Zion

(RKrivelin)

5-6-4

10-1

9 Rev It Now

(AMiller)

4-1-3

8-1

EIGHTH: mile trot; $21,000; cond

1 Opening Night

(JCampbell)

4-2-1

3-1

3 Sugar Queen Gabby

(DDube)

7-1-2

9-2

6 Blcktxwhtescks

(Smedshmr

)

1-5-5

7-2

2 Double Up Hanover

(RPierce)

3-1-8

12-1

4 PembrokeHeatWve

(YGngrs)

1-1-3

5-1

5 BeatgoesonHanover

(DMller)

2-3-2

5-1

7 Cameron Chip

(JMeittinis)

6-7-2

10-1

8 Libra Vita

(JBongiorno)

8-1-3

15-1

9 Ice Machine

(AMiller)

5-2-3

10-1

NINTH: mile pace; $10,625; cond

5 Wildfire Osborne

(PBerry)

2-5-8

9-2

9 Julias Song N

(MHarder)

8-1-3

6-1

6 Whatrugonnado

(AMiller)

3-1-5

12-1

1 Rusty's Martini

(RPierce)

2-5-2

10-1

2 Gerries Madison

(DDube)

1-2-2

5-2

3 WhatsNewPussycat

(Miller)

9-3-7

7-2

4 Shaky Hanover

(SSmith)

5-4-X

12-1

7 Change Maker

(JCampbell)

4-10-4

15-1

8 Hannah Isabel

(YGingras)

8-6-5

15-1

10 PremierCamiCane

(JBongirn)

2-4-5

15-1

TENTH: mile trot; $30,000; Invitatonal

2 ArchMdness

(TSmedshmer)

1-1-3

8-5

6 Fountainbleau Volo

(DMiller)

2-7-1

3-1

8 In Focus

(RPierce)

3-1-1

6-1

1 Hava Kadabra

(YGingras)

7-5-8

15-1

3 Anders Bluestone

(Meittinis)

1-1-6

9-2

4 Likeabatoutahell

(AMiller)

1-2-5

10-1

5 Manningly

(DDube)

1-3-1

8-1

7 HotShotBlueChip

(JCmpbell)

5-1-1

10-1

ELEVENTH: mile trot; $14,000; cond

9 Pekoe Fashion

(DMiller)

1-1-1

7-2

8 Call TheWarden

(Bongiorno)

1-1-7

4-1

2 Monsignor Flan

(AMiller)

1-2-5

3-1

1 Zuerest

(RPierce)

10-2-x

12-1

3 ShoelessWhiteSox

(Harder)

6-4-8

20-1

4 Chaplin Hall

(YGingras)

7-1-5

12-1

5 Keenan

(JCampbell)

2-8-8

15-1

6 Pilgrims Chuckie

(DDube)

3-2-6

9-2

7 Proud Moment

(ASpano)

8-2-6

8-1

TWELFTH: mile pace; $9,500; cond

1 How 'BoutASmooch

(DMiller)

4-1-6

3-1

5 HaywrthBleChp

(RSchnttker)

1-5-3

4-1

10 Ms Bettys Hope

(RPierce)

3-3-5

9-2

2 Scootie Best Lou

(JMarohn)

3-6-5

12-1

3 Sweet Time

(JCampbell)

9-4-4

20-1

4 Sir Lb's Z Tam

(SSmith)

4-2-6

15-1

6 Now The Fun Starts

(DDube)

1-5-1

8-1

7 Pacific Fly Cary

(PBerry)

5-3-1

15-1

8 Pfortyseven Girl

(AMiller)

2-3-8

10-1

9 Wing And A Share

(YGingras)

1-3-5

7-2

Volare De Vie, Adriana Hanover, Sequin Hanover, mile pace, mile pace online, mile pace, mile pace, AMiller, DMiller

Nypost.com

Wednesday, April 18, 2012

Walls Come Tumbling Down

[orchestrated] Collection of Robert Verdi, Courtesy Yancey Richardson Gallery/Andrew Moore

'Palace Theater, Gary, Indiana' (2008) by Andrew Moore.

St. Louis

'An Orchestrated Vision: The Theater of Contemporary photography," at the St. Louis Art Museum, might be more accurately called "Some Outstanding Photographs, Recently Acquired, That We Were Eager to Show Off and So Invented a Reason to Build an Exhibition Around."

An Orchestrated Vision:

The Theater

Of Contemporary Photography

Saint Louis Art Museum

Through May 13

That is not meant to disparage the high quality of the 43 works by 38 artists from a dozen countries in these five galleries. Eric Lutz, associate curator of prints, drawings and photographs, deserves thanks (and sympathies) for trying to summarize recent trends in art photography, a fractious enterprise less bound by old prohibitions than ever before.

Censorious attitudes about proper uses of the medium, which once split adherents into opposing camps, no longer seem relevant. Walls between digital and nondigital photography have crumbled, with artists shooting analog negatives that are scanned into computerized printers. Ink-jet prints, sneered at by collectors a decade ago, have become coin of the realm.

Documentary photography was never as sharply demarcated as some purists believed, and is even less so now that Tina Barney and Hellen van Meene blur the line between posed and spontaneously realized pictures. Only in journalism, law and science is Photoshop still viewed with suspicion. Image-enhancing apps are indispensable for sewing together the altered landscapes of Andreas Gursky and Beate Gütschow.

"Theatrical" may be as good a term as any to describe the effect of wall-size photographs made with large-format cameras. Only one print in "An Orchestrated Vision" is as small as 12 inches by 12 inches, while the vast majority are several times that size. To make a splash in today's market, art photographers must command a gallery space. Before the 1980s their best (and often only) hope of capturing attention was in spreads of magazines or books. Audiences are now more readily beguiled by supersize pictures with an implied storyline, preferably with a noirish or uncanny tinge.

Or, as Mr. Lutz writes in his catalog essay, whereas photographers once hoped to participate directly in actual events, many are now "more interested in the twilight world of the playhouse where magical slippages of reality occur."

The imprecision in his taxonomy may be a reflection of the same shiftiness. The four genres into which he has divided his selections—"Public Stage," "Elusive Narrative," "Portraiture and Performance" and "Constructed Space"—prove to be less exclusive than interchangeable.

View Slideshow

[SB10001424052702304432704577348870729419472]

For instance, the Korean artist Yeondoo Jung's "Location #4" (2006), which greets visitors as they walk in, could rightfully hang in any of the four main rooms. The 4-by-6-foot color photograph of a wintry outdoor scene portrays a woman in a fur coat staring up at an apartment building where a water leak has cascaded down the cement facade and hardened into a frozen waterfall.

The image bears a remarkable likeness to Gregory Crewdsen's "Untitled (Snowy Valley)," also from 2006, wherein another young woman in a winter coat stands entranced before a snowbound house. Both photographs are staged and move between harsh realities and cinematic dream time. But only Mr. Crewden's, for some reason, is categorized as an "Elusive Narrative."

There are more similarities than differences between Andrew Moore's view of an abandoned movie palace in Gary, Ind., and Edward Burtynsky's of shipbreaking at low tide in Bangladesh. Both monumental photographs portray ruins in a rose-tinted light. And yet Mr. Moore's is located in "Public Stage," whereas Mr. Burtynsky's is consigned to "Portraiture and Performance."

Carrie Mae Weems does nothing to hide the operatic stage machinery behind "When and Where I Enter-Ancient Rome," her 2008 black-and-white photograph of a woman in a long gown silhouetted at a picture window. Gazing toward a hazy bank of clouds, her back turned to us in the manner of a Casper David Friedrich daydreamer, this anonymous diva stands surrounded by truncated plaster columns and lights on stands, as well as a view camera on a tripod. That Ms. Weems succeeds in evoking an era while revealing her props and directorial cues testifies to her skills as a magician who can tip her hand and nonetheless fool us into sharing a mood of tremulous expectancy.

The German artist Barbara Probst is after another kind of drama. "Exposure #9: N.Y.C., Grand Central Station, 12.18.01, 1:21 p.m." (2001)—a wall-size grid of six inkjet prints borrowed from the Nelson-Atkins Museum—consists of six distinct but simultaneous scenes taken by six cameras stationed around the darkened main hall of the train station.

Artists since the 1960s have systematically questioned (or undermined) the principles that were once defining traits of photography, especially its veracity. Despite the easy allure of digital finagling and the belittling prevalence of surveillance cameras, some younger photographers, including Ms. Probst, seem intent on restoring the original humanist strength of still photography as evidence of something real. Ms. Probst's anonymous commuters, separate and unaware of one another, are united briefly in her piece. She uses no blandishment other than large scale to emphasize the potent fact that all of us, knowingly or not, are continuously moving through time.

I would not have guessed that An-My Lê's portraits taken aboard U.S. Navy vessels would illustrate Mr. Lutz's thesis. But the five sailors in "Target Practice, USS Peleliu," honing their marksmanship on the deck of an assault ship, could be actors on stage in a macabre play. For more than a decade Ms. Lê has been documenting American war exercises. In this 2005 photograph she frames the men against an ominous blank sky and their paper targets, the posture of their bodies suggesting they could be the next things to be shot at.

The principles governing "An Orchestrated Vision" may be neither airtight nor novel. Anne H. Hoy identified most of these trends 25 years ago in her book "Fabrications: Staged, Altered, and Appropriated Photographs." Artists around the world have clearly not exhausted these approaches. Mr. Lutz has made a smart and representative survey from the past 15 or so years, before and after the digital revolution, and as the supersizing of photography has become the norm. When the Saint Louis Art Museum completes its expansion in mid-2013, some of these well-chosen pieces will have earned prominent spots alongside the best their contemporary galleries have to offer.

Mr. Woodward is an arts critic in New York.

A version of this article appeared April 17, 2012, on page D5 in some U.S. editions of The Wall Street Journal, with the headline: Walls Come Tumbling Down.

Andrew Moore, Eric Lutz, photography, photography, Barbara Probst, Gary, Indiana ebook download, St. Louis Art Museum, photographs, photographs, Andrew Moore.St, Saint Louis Art Museum, Edward Burtynsky

Online.wsj.com

Tuesday, April 17, 2012

Parx Racing Charts

April 16th, 2012 Clear And Fast.

©2012 Equibase. All Rights Reserved

FIRST-7f; $22,000; cl($7,500); 4up

Off: 12:27. Good. kept to his task

Time: 22.87, 45.31, 1:09.77, 1:23.27.

Trainer: J. Guerrero

Winner: CH G, 5, by Sky Mesa-Drax Hall

Horse

Wt.

PP

1/4

1/2

Str.

Fin

Jockey

Odds

Deputy Notice

111

2

2

1

1 6

1 6 3/4

Villanuev

1.40

Son of Posse

118

3

4

4

3 1 1/2

2 2 1/4

Nguyen

8.00

One French Kiss

118

1

5

5

5 hd

3 1/2

Arroyo

4.70

Captain Twitch

118

4

7

3

2 1/2

4 2 1/4

Torres

22.70

Wet 'n Wild Cat

118

7

3

6

6 8

5 2 3/4

Flores

5.20

Kiwi Humor

111

5

1

2

4 1

6 6

Suarez

2.50

So We're Friends

113

6

6

7

7

7

Pellot

33.80

2-Deputy Notice

4.80

3.20

2.60

3-Son of Posse

7.80

4.60

1-One French Kiss

3.60

* Exacta (2-3) $33.40 * Trifecta (2-3-1) $91.60 *

SECOND-1m&70y; $20,000; cl($5,000); 4up

Off: 12:54. Good. drew out mild handling

Time: 24.17, 48.25, 1:12.26, 1:37.31, 1:41.34.

Trainer: Philip Aristone

Winner: GR/RO G, 6, by Tapit-Kossakowna

Scr: Active Trader.

Horse

Wt.

PP

1/4

1/2

Str.

Fin

Jockey

Odds

a-Tap Tap I Win

122

6

1

1

1 2 1/2

1 7

Flores

0.50

Bird's I D

122

5

5

4

2 2

2 4 3/4

Moya

10.80

Macho Star

122

3

3

3

3 hd

3 3/4

Elliott

3.40

Flirtatious Smile

122

7

2

2

4 4

4 2 1/4

Bisono

32.10

a-One Shot

122

1

4

5

5 hd

5 1

Castillo

0.50

Menifee Six

122

4

6

7

6 2

6 4

Santiago

5.80

Bagoga

122

2

8

8

7 1

7 3

Pennngtn

1.90

Top of the Town

122

8

7

6

8

8

Orm

74.20

1-a-Tap Tap I Win

3.00

2.20

2.10

6-Bird's I D

6.20

3.60

3-Macho Star

2.60

* Daily Double (2-1) $10.40 * Exacta (1-6) $16.00 * Trifecta (1-6-3) $48.20 *

Winner picked by DaSilva, Debbie L., Vic C., Consensus

THIRD-5 1/2f; $17,000; mdn cl($10,000); 3YO; (f)

Off: 1:20. Good. bid 1/8, clear late

Time: 22.52, 46.42, 59.37, 1:06.24.

Trainer: Cynthia Reese

Winner: DK B/ F, 3, by Rock Slide-Always Pals

Horse

Wt.

PP

1/4

Str.

Fin

Jockey

Odds

Our Pal

114

7

2

2

2 2 1/2

1 1 1/4

Suarez

1.40

Wink's Wish

121

1

1

1

1 hd

2 2

Castillo

4.80

Congressionalbust

121

9

8

6

3 1

3 1

Pellot

44.20

Brush Creek Honey

121

4

9

9

6 1/2

4 2

Pennngtn

3.50

Hey Lulu

121

6

6

5

7 1 1/2

5 nk

McMne

29.20

Miss Blue Nitro

121

5

3

3

4 1 1/2

6 2

Rivera

3.50

Hello Dalai

121

3

4

4

5 1/2

7 9

Arroyo

7.60

Congressional Girl

114

2

5

7

8 1/2

8 nk

Esquilin

78.10

Inner Joy

121

8

7

8

9

9

Torres

80.60

7-Our Pal

4.80

3.20

2.60

1-Wink's Wish

5.00

3.60

9-Congressionalbust

11.20

* $1 Pick 3 (2-1-7) 3 Correct $17.30 * Exacta (7-1) $23.00 * Trifecta (7-1-9) $497.60 *

Winner picked by Affrunti, Vic C., (Best Bet)

FOURTH-7f; $24,000; cl($10,000); 4up

Off: 1:49. Good. long lead, driving

Time: 22.64, 44.89, 1:09.3, 1:22.66.

Trainer: Robert Reid, Jr.

Winner: DK B/ G, 4, by Don Six-Il Vino Bianco

Horse

Wt.

PP

1/4

1/2

Str.

Fin

Jockey

Odds

Don's Honour

111

4

1

1

1 6

1 3 3/4

Suarez

0.90

Minute

118

9

4

4

2 1

2 5 1/2

Molina

6.10

Chief Thundercloud

118

2

3

3

3 6

3 4 1/4

Bisono

4.70

Buzzards Roost

116

7

8

6

4 2

4 2 1/2

HereOe

15.20

City Genius

118

8

7

8

5 2

5 2 1/2

Chiappe

9.70

Quite an Honour

118

5

9

9

7 3

6 2 1/2

Castillo

29.50

Casanova Brown

113

1

2

2

6 2

7 2 1/2

Pellot

12.90

Yes Yes Ohyes

120

6

6

7

9

8 1 1/2

Rivera

13.50

Coral Key

115

3

5

5

8 1

9

Arroyo

19.40

Next >

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Nypost.com

Monday, April 16, 2012

The Post's All-Staten Island boys basketball honors

Curtis took back the SIHSL tournament title, which it has now won two of the last three years and a record nine times overall, despite losing arguably its best player, Hassan Martin, to injury. But it wasn’t just all about the Warriors on Staten Island.

St. Peter’s stunned Mount St. Michael in the regular season and later advanced to the CHSAA Class AA intersectional quarterfinals, Moore Catholic made the CHSAA Class A semifinals and CSI/McCown had its best season ever. Monsignor Farrell and McKee/Staten Island Tech remained contenders in the competitive borough.

Denis Gostev

Curtis' Dashawn Richmond is The Post's All-Staten Island boys basketball Player of the Year.

Denis Gostev

Curtis' Richard Buckheit is The Post's All-Staten Island boys basketball Coach of the Year.

All-Staten Island boys basketball Player of the Year: DaShawn Richmond, Curtis

There was no better showcase for the rugged 6-foot-3 wing than the SIHSL tournament. Richmond displayed why he was so important to Curtis for three seasons. He hit long jump shots, banged inside for rebounds and putbacks, handled the ball on the perimeter and played lockdown defense. Most importantly, he finished games strong, leading the Warriors to their second Island crown in three years.

In the semifinal win over McKee/Staten Island Tech, Richmond had 10 of his team’s 20 points in the fourth quarter and in the finals rout of St. Peter’s, he poured in 18 of his 23 points after halftime.

“He’s the go-to guy,” Curtis coach Rich Buckheit said of Richmond, who will attend junior college. “It’s the same old ‘Day-Day’ – he definitely shows up when we need him.”

All-Staten Island boys basketball Coach of the Year: Rich Buckheit, Curtis

He lost his most talented player – junior forward Hassan Martin – to a torn finger ligament in mid-December, yet still guided Curtis to another PSAL Staten Island A division title, its second SIHSL crown in three years and a near upset of citywide power Lincoln in the PSAL Class AA quarterfinals.

The demanding, intense and yet easy-to-deal-with fourth-year coach has turned the St. George program into more than just Staten Island’s best – he’s made them omnipresent in New York City by raising the expectations and venturing off the Island to face elite foes. Curtis isn’t just Staten Island’s best anymore. It is a threat to the PSAL’s elite from Brooklyn, Queens and The Bronx, a goal of Buckheit’s when he took over.

FIRST TEAM

G Andrew Cannon, St. Peter’s

The 6-foot-3 sharpshooter was thrust onto the city scene when he dropped 22 points on Mount St. Michael and beat the Mountaineers with a 3-pointer at the buzzer. Cannon led St. Peter’s to the SIHSL final and the CHSAA Class AA intersectional quarterfinals.

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CHSAA Class AA intersectional, Hassan Martin, Hassan Martin, Staten Island, Rich Buckheit, Monsignor Farrell, Richard Buckheit, SIHSL, the Warriors, Richmond, Curtis

Nypost.com

Hondo ends up in Splitsville

The heroic Dodgers rushed to Hondo’s rescue yesterday, holding off the Pods with a triple play in the ninth, then winning it in their half. So along with his Blue Jay victory and losses with the Rays and Nats, he split his four-pronged attack, leaving him with a slight bump in the debt to 245 killebrews.

Tonight, Mr. Aitch will open with Pavano and the Twins in The Bronx. The only concern is that the American Idle will become overly nostalgic being at the site of some of his most soothing whirlpool treatments. Also, His Aitchness expects Halladay and the Phillies to coast in San Fran. Ten units apiece.

-$

A rumor circulated last week that Bobby “Spike” Petrino had sexted some junk shots to his volleyballer girlfriend. Collectors already are said to be trying to find one so they can add to their sets that already include Brett Favre, Anthony “A-Wad” Weiner and Sean Salisbury ... Hillary Clinton is pictured in today’s Post partying at Café Havana in Colombia. Ozzie Guillen demands she apologize and then be suspended five days for insensitive behavior ... Props to Antonio Cromartie for the birth of his 10th child. Only four to go to catch Octomom and her brood.

hondo@nypost.com

Nats, Dodgers, Sean Salisbury, Hillary Clinton, Phillies, Brett Favre, the Rays, Pods, Blue Jay victory, Antonio Cromartie

Nypost.com

Friday, April 13, 2012

Through The Binocs

The New York Racing Association came out with a press release Thursday challenging what NYRA called the “faulty” and “misleading” methodology used by the New York Times in its recent front-page story “Mangled Horses, Maimed Jockeys” to compile data on horse injuries. The Times responded: “We stand by our data.”

SECOND RACE: In short but select field of five fillies and mares sprinting six furlongs, Cornelio Velasquez gunned 9-2 Celtic Chant up the rail from post 1 to set the pace, pressed by 9-5 Fiona Storm, David Cohen up. Turning for home, Celtic Chant shook off Fiona Storm to open up at the top of the stretch, then dug in late to hold off the inside rallies of 4-1 Saltamontes and 7-5 favorite Joonbi despite tiring visibly in deep stretch.

THIRD RACE: Bellarella, never in the hunt two weeks ago when beaten 13 lengths vs. 15G non-winners of two lifetime, was nevertheless hammered to 4-5 dropping into a 10G N2L, and she won like a Grade 1 stakes filly. After sitting outside off the pace duel between 24-1 La Jolla Lu and 5-2 Inner Truth, Bellarella quickly swept to the lead heading into the turn under a snug hold by apprentice Samuel Camacho Jr., widened her advantage while still in hand, then ran off the TV screen when Camacho set her down in the stretch.

FIFTH RACE: Yet another cheap claimer is bet through the floor and runs like a champion. Runawayeightyfour, beaten seven lengths after setting the pace vs. 25G maiden claimers at Gulfstream, was pounded to 1-5 in his first start for Dominic Galluscio dropping in for 14G. The 4-y-o gelding sprinted to the front under Javier Castellano, shook loose on the lead chased by 4-1 Indian Pow Wow, shrugged off a brief bid from Indian Pow Wow turning for home, then galloped home far in front with Castellano sitting still as a statue.

SIXTH RACE: After lunging in the air at the break, Linda Rice’s first-time starter Se La Livi, dismissed at 22-1, settled in to track the pace set by 5-2 Sirtori, Castellano up, chased by 9-5 favorite Goose No Fruit. Around the turn, as Goose No Fruit failed to keep up, Se La Livi rolled up outside to engage Sirtori for the lead. Those two dueled from the turn to mid-stretch, with Sirtori in tight along the rail. Then through the final furlong, Se La Livi, seemingly twice the size of his rival, drew clear.

NINTH RACE: They’re off, you lose! Adios Nardo, favored at 8-5 in this field of 25G maiden claimers going 1 1/16 miles on turf, stumbled badly out of the gate, dumping jockey David Cohen, then ran loose around the track outside of horses, putting several in tight spots. John Joe, 40-1making his turf debut after losing his three starts this year vs. NY-bred special weights by 15, 14 and 13 lengths, sat off the pace set by 5-1 War Hitch, made a sudden move to bid for the lead wide around the first turn under Jackie Davis, came even wider into the stretch but burst past War Hitch at the top of the stretch and drew clear.

PICK SIX

Winning numbers:

9-7-6-4-4-9

1 winner paid $84,687

Cns. (5of6) paid $130.50

No carryover

Edfonypost@aol.com

Celtic Chant online, Fiona Storm, The New York Racing Association, David Cohen, David Cohen, Javier Castellano, Se La Livi, New York Times, Samuel Camacho Jr., Cornelio Velasquez, Indian Pow Wow, La Jolla Lu

Nypost.com

Keller welcomes Sparano change

The Jets begin their offseason program next week, their first under new offensive coordinator Tony Sparano after a tumultuous final season under Brian Schottenheimer.

Schottenheimer, who spent six seasons in charge of the Jets’ offense, has since moved on to the Rams, and Jets tight end Dustin Keller thinks both sides will benefit from the change.

“I think it’s a good thing for everybody,” Keller said last night at an event at a NFL pop-up store in Midtown. “Anytime things go bad, people want to come down on the quarterback and the coordinator. For [Schottenheimer] to move on to the Rams is probably a good change for him, [to] get a fresh, clean slate.

“Same thing with Mark [Sanchez], just getting a new coordinator. I think it’s gonna be good for all of us, but we wish him the best of luck.”

In past years, the Jets have convened “Jets West” each summer, with receivers meeting with quarterback Mark Sanchez in California. The Jets put a twist on that this week, however, with Sanchez, wide receiver Patrick Turner and Keller meeting for workouts with Santonio Holmes in Orlando.

Keller was pleased with the work he and his teammates got in this week, but it doesn’t mean that Jets West will be going away.

“Sometime in late June, maybe July, we’ll get another Jets West in,” Keller said with a smile, before adding, “We’ll hit the whole country before it’s all said and done.”

tbontemps@nypost.com

Dustin Keller, Keller, Brian Schottenheimer.Schottenheimer, The Jets, Jets, Tony Sparano, Jets West, Schottenheimer, Mark Sanchez, offensive coordinator

Nypost.com

Thursday, April 12, 2012

Serby's Q&A with ... Ryan Callahan

As the Rangers begin their quest for their first Stanley Cup, Post columnist Steve Serby caught up with the captain, Ryan Callahan.

Q: Do you actually have dreams ... or daydreams ... of holding the Cup?

A: Yeah since you’re a kid you do, you’ve always dreamt of that moment. When you’re a kid, you’re playing street hockey outside, you’re always talking about winning the Stanley Cup, or it’s Game 7, and gotta score that goal (smile). We take the first step [tonight] in hopefully getting that dream to come true.

Q: What drives you?

A: I think winning, trying to get to that ultimate goal, and get that prize, which is obviously the Stanley Cup. I think that’s what drives you day in and day out, just trying to get there, and trying to help your team get to that point.

NHLI via Getty Images

Ryan Callahan

Q: What message would you like to give Rangers fans about this team starting tonight?

A: I think right through everybody, we’re a passionate team, we’re excited about the playoffs, and hopefully we can make this city proud of the way we work and what we do on the ice. I hope they see that every night we go out there and we try to win, and we do everything we can to win.

And hopefully, at the end of the day, we bring home something that they’ll always remember.

Q: How realistic is that?

A: We feel like it is, it’s a long road. I mean, playoffs are hard. It’s a lot of good teams, and you gotta catch breaks along the way.

But we got a team in there that believes, and I think that’s the first step.

Q: What’s the difference in intensity level in the playoffs?

A: It’s faster, it’s more physical, every little play means something ... if you don’t get a puck in, you don’t get a puck out, could be the difference in a series. It definitely intensifies, and you realize that right away.

Q: What is your one single playoff moment?

A: For me personally, probably scoring two goals against Atlanta my first playoff experience at the Garden.

Q: Do you remember the first time you stepped on the Garden ice?

A: You’re in amazement. I think that warmups, I felt like I wasn’t even touching the ice (smile), it’s so surreal being able to go out there and play.

Q: What do you see the role of captain being?

A: For me, it’s to lead by example, try to do everything the team tries to embody, and do it best you can to have the guys follow.

Q: Do you study captains in other sports?

A: No, not too much. A guy that I’ve kind of admired and looked up to is a guy like Derek Jeter, the way he’s handled the New York media, and how he presents himself on the field and off the field is a guy that I was always a fan of, and now that I’m (team) captain in New York is another guy that I look up to.

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Nypost.com

Wednesday, April 11, 2012

Rangers pick to win Stanley Cup

headshotLarry Brooks
Follow Larry on Twitter
Blog: Slap Shots

Even as Gary Bettman pumps Sidney Crosby’s tires, there are weeks to go and miles to travel before the parade.

The Penguins are good, all right, very good, but right at the very moment the East seemed theirs for the taking and a first-round meat-grinder against the Flyers would thus have become the Rangers’ burden, Pittsburgh lost two straight to the Islanders.

So imposing, yes, but unbeatable no, and certainly not with the very strong defending champion Bruins awaiting with second-round home ice if form generally holds in the NHL’s inequitable playoff format — unless the commissioner can push through a rule change via Amendment 87 over the fortnight.

Getty Images

Artem Anisimov

An upset or two is likely in an early round, though the definition of such is unclear in this unfair system in which the team with the sixth-most points in each conference has home ice in the first round and would keep it in the second if able to advance.

It is true that a team has to be in it to win it, but this notion that once in it any team can win it is historical malarkey. Fact is, only one team that started the first round on the road since the NHL went to a conference-based playoff format in 1994 has won the Stanley Cup — the 1995 Devils team seeded fifth following a 48-game lockout-truncated season.

The Rangers have been ready for the playoffs since December. They have shined in the spotlight all season. Their goaltender is hockey royalty on a blue collar team that six weeks from now will service their own vehicles for the ride up the Canyon of Heroes, with those from NHL headquarters on Sixth Avenue invited to take mass transit to watch the ceremonies from behind the police barriers.

CONFERENCE QUARTERFINALS

Larry Brooks’ prediction: (1) Rangers over (8) Senators in 6

Mark Everson’s prediction: (1) Rangers over (8) Senators in 5

Brooks analysis: This talented, quick opponent will provide the strong test the Black-and-Blueshirts require as a springboard to bigger and better things. The East top seed’s playoff-made approach and superior goaltending will prevail despite the threat Jason Spezza poses on each shift.

Larry Brooks’ prediction: (2) Bruins over (7) Capitals in 5

Mark Everson’s prediction: (2) Bruins over (7) Capitals in 6

Brooks analysis: The Zdeno Chara-Alexander Ovechkin matchup does not favor Washington any more than the Tim Thomas -goaltender by committee match does unless, that is, the Caps play their home games at the White House. Tyler Seguin is the Cup break-out star waiting to happen for the defending champions, who should breeze given their talent and edge in commitment.

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Larry BrooksFollow Larry, Bruins, Bruins, Gary Bettman, NHL, Sidney Crosby, Rangers, playoff format, Penguins, Jason Spezza, Flyers

Nypost.com

Monday, April 9, 2012

Proving it belongs among city's elite, Cardozo knocks off GW

Three weeks ago, Cardozo began its season in Washington Heights to see how it measured up against powerhouse George Washington, the defending PSAL Class A city champion. After finding themselves in a huge 11-run hole, the Judges rallied against the Trojans backups. They left feeling good after the narrow defeat, taking a moral victory back with them to Queens.

The on-the-rise program was back at GW on Saturday, only this time it didn’t need to find positives out of a setback.

Cardozo rallied from an early three-run deficit, newcomer Connor Doyle worked three impressive innings of relief for the save and the Judges shocked the Trojans, 5-4, on Day 2 of the George Washington Tournament.

Lauren Marsh

Cardozo celebrates during its 5-4 win over George Washington.

Lauren Marsh

Cardozo's Connor Doyle worked three solid innings for the save.

“Intimidation is no longer there,” Cardozo coach Ron Gorecki said. “Cardozo is a force to be reckoned with this year. Barring injury and eligibility, be prepared for us to be in the final four.”

Unlike that first meeting, GW went with one of its aces, Kevin Torres, the entire way and had its regulars in the lineup, though slugging second baseman Henry Rodriguez was away from the team. After touching up Cardozo southpaw Adrian Castano for three runs in the second, the powerful Trojans’ lineup went quiet.

Calvin Luk stabilized the game for the Judges with two solid frames and Doyle, the hard-throwing junior righthander, slammed the door, fanning Yasmany Gomez with the tying and go-ahead runs aboard to close out the impressive victory.

“We know we have the team, we have the chemistry, we don’t think anybody’s stopping us,” Doyle said. “We’re focused on the championship and beating George Washington is a big step.”

Doyle, who came to Cardozo from Townsend Harris via a safety transfer, got the Judges going with a leadoff triple in the fourth. He scored on Nicanor Luna’s fielder’s choice and Castano, the impressive junior, was hit by a pitch and came around on catcher Nelson Rodriguez’s throwing error. And Luna crossed with the tying run on Torres’ walk.

Keith Rogers singled and scored on another Rodriguez throwing error in the fifth and Diego Gonzalez extended the lead with an opposite field homer in the sixth.

“Our chemistry is amazing,” Castano said. “We play for the name on the front of our jerseys, not on the back. This is the best team I’ve played on since I got to Cardozo.”

GW managed just three base-runners from the third through the sixth innings before finally coming alive in the seventh. Randy Rodriguez swatted a leadoff homer off Doyle, Rodriguez walked and Brian Mejia singled to center with one out. Reaching deep, Doyle fanned Alexis Torres on three straight fastballs and beat Gomez with a 1-2 heater up in the zone.

“After the homerun, I turned it up a notch,” Doyle said. “I was determined to win this game for us.”

The contest had an early June feel rather than early April. The teams traded words on a few occasions. Each home run was wildly celebrated. On the final strikeout, Doyle pumped his fist and was mobbed by teammates.

Mandl understood Cardozo’s excitement. His team, after all, is the defending champion many have fingered as this year’s favorite. Then again, it was just one win.

“I’d like to see them do it again,” the coach said.

Cardozo may get that opportunity. If both teams advance to the tournament final as expected, another matchup would be set Thursday at GW at 3 p.m. If Round 3 is anything like the previous two contests, plenty of fireworks are in store.

zbraziller@nypost.com

George Washington, George Washington, Connor Doyle, Washington Heights, George Washington.Lauren MarshCardozo, GW, GW, the Trojans online, Henry Rodriguez, Adrian Castano, Kevin Torres

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Easter’s economics

For Christians, today marks Easter, and, according to a survey by BigInsight, which tracks consumer spending, four out of five Americans will celebrate the holiday, spending a total of $16.8 billion. That’s an average of $145.28 each, up 11 percent from 2011.

Some 90 million chocolate Easter bunnies, 700 million Marshmallow Peeps and about 16 billion jelly beans will be bought, which makes the holiday the second-biggest-selling confectionary holiday after Halloween.

Last year, some 57 million Easter cards were exchanged, making Easter the fifth-largest card-sending holiday, according to Hallmark.

According to the National Retail Federation, consumers spend an average of $7 on Easter cards. Hallmark estimates 57 percent of these cards are mailed. An appropriate postage option: the US Postal Service’s 45-cent stamp featuring an Easter lily.

The NRF says the average Easter celebrant will spend $26.11 on colorful apparel for Easter Sunday.

chocolate Easter bunnies, Marshmallow Peeps, National Retail Federation, Easter cards, Easter, consumer spending

Nypost.com

Sunday, April 8, 2012

Through the Binocs

Aqueduct is closed Sunday (except for the racino) because no betting on horses is allowed in New York State on Easter; VLT’s only!

FIRST RACE: Field of seven 10G claimers had five starters, including odds-on favorite Bojan, that raced last out for 7.5G, a level that no longer exists at NYRA. Mitigation, 8-1 after winning by three lengths for Gary Gullo at 7.5G, set the pace under Ruben Silvera, pressed by 11-1 Swinging At Siro’s, with Bojan, hammered late from 4-5 to 2-5, tucked inside behind them. Turning for home, Bojan rallied up the rail under David Cohen to hook Mitigation at the top of the lane. Those two dueled to deep stretch, with Bojan holding a slight advantage until he was suddenly pulled up and eased inside the final sixteenth. He finished fourth to the dismay of bettors who placed $12,441 on him to show out of the total pool of $23,495.

SECOND RACE: Driven by Solar, 3-1 taking a big drop for the Mike Repole-Todd Pletcher duo, gunned to the front under Javier Castellano, tracked by 7-5 favorite Shrewd One. Tucked in behind them was 5-2 Cooper River, Ramon Dominguez up for his first ride since dislocating his collar bone in a March 18 spill. As Driven by Solar battled to hold off Shrewd One in the stretch drive, 12-1 Elsaroarin, stepping up to 25G after being claimed for 14G by Karl Grusmark, came with a rush outside under Abel Lezcano to blow by both of them.

THIRD RACE: Sweet Moonbeam, 5-2 under Jose Espinoza, and Catalonia, favored at 4-5 in her first start since winning her debut last October, locked horns in a vicious speed duel that carried them well clear of the rest of the field down the backside. As Sweet Moonbeam began to pull away at the top of the stretch, Catalonia suddenly hit a brick wall and was eased by Javier Castellano. Then Mill Branch Millie, 17-1 under apprentice Samuel Camacho after being eased in her prior start, blew past Sweet Moonbeam in the final furlong.

FOURTH RACE: You always get your money’s worth when Mike Luzzi is riding your horse. In this 15G maiden claimer, the 4-year-old filly Stray Bullet was hammered to 2-5 dropping from the maiden special weight ranks despite being winless in 15 starts. Stray Bullet was in trouble from the get-go, bottled up behind a wall of horses down the backside, around the turn to the top of the stretch. Meanwhile, 8-1 Private Councel, who had kept Stray Bullet hemmed inside, had swept to the lead after rallying wide under Abel Lezcano. Private Counsel led by daylight with a furlong to run, but Luzzi never quit. He split horses with Stray Bullet, finally got her clear down the stretch and ran down Private Councel late.

FIFTH RACE: A real barn-burner going a mile on turf. Classic R and B emerged from the pack to take the lead down the backside under C.C. Lopez, pressed by 7-2 Goodtime Boy, Junior Alvarado up. Those two were joined outside by 12-1 Pernice into the far turn, but soon kicked away from him to slug it out head-to-head the length of the stretch. Goodtime Boy appeared to be getting the best of it in the final strides, but Classic R and B got his head down right on the wire to win the bob.

EIGHTH RACE: In the $75,000 Patsyprospect overnight stakes for New York-bred 3-year-olds at six furlongs, Sportswriter was favored at 6-5 coming off a win against open company on the inner dirt track. He tracked the pace set by 17-1 Cat Paws while in-hand under Cornelio Velasquez, took command turning for home and kicked clear, looking like death and taxes. But 8-5 Zetterholm, Junior Alvarado up for Rick Dutrow Jr., turned on the after-burners from back of the pack and zoomed right past Sportswriter in the final furlong, his third win in a row.

PICK SIX

Winning numbers:

1-3-1-4-3-6

49 winners (6 of 6)

Each paid $502

647 consolation (5 of 6)

Each paid $12.60

No carryover

Javier Castellano, Stray Bullet, Abel Lezcano, Shrewd One, Bojan, Mike Luzzi, Catalonia, Sweet Moonbeam, Ruben Silvera

Nypost.com

Saturday, April 7, 2012

Yankees lose to Rays in opener; Rivera blows save

ST. PETERSBURG, Fla. -- Mariano Rivera took the blame for a rare blown save.

Carlos Pena hit an early grand slam off CC Sabathia, then completed a ninth-inning comeback with an RBI single off the Yankees closer that lifted the Tampa Bay Rays to a season-opening 7-6 victory Friday.

“My fault,” Rivera said. “I felt good. I don’t make excuses. I just left the ball up.”

Rivera (0-1) had been 60 of 61 in save chances against the Rays. But after Desmond Jennings opened the ninth with a single against baseball’s career saves leader, Ben Zobrist tripled home the tying run.

Rivera intentionally walked the next two batters to load the bases and struck out Sean Rodriguez. Pena, who was 0 for 11 lifetime against Rivera, won it by driving a 1-2 pitch off the base of the wall in left-center field for his fifth RBI of the game.

“It’s bad,” Rivera said of the Yankees’ opening-day defeat. “You don’t want to start that way, but at the same time, it’s only one game.”

Rivera had gone 44 for 49 on save tries last year.

BOX SCORE

Pena, making his return to the Rays after a year away with the Chicago Cubs, hit his slam in the first. Evan Longoria hit a solo homer in the Rays third, and it stayed 6-5 until the ninth.

“When you see him blow one, it’s shocking,” Joe Girardi said. “It’s going to happen. It happened. It’s baseball.”

Rivera’s other blown save against Tampa Bay came on Aug. 16, 2005.

Sabathia yielded both of Tampa Bay’s homers, but later worked out of a couple of tight spots to cling to the lead the defending AL East champions took on newcomer Raul Ibanez’s three-run homer in the third.

Reliever David Robertson escaped a jam in the eighth inning, striking out Stephen Vogt, Jose Molina and Matt Joyce with runners at the corners, seemingly setting up Rivera to close it out.

Fernando Rodney (1-0) struck out one in a perfect ninth to earn the win in his debut for Tampa Bay.

The Rays, who’ve made the playoffs three of the past four years, raised a 2011 AL wild-card banner to the left-field catwalk before the game and Pena brought the sellout crowd of 34,078 to its feet again in the bottom of the first when he sent a 3-2 pitch into the right-field stands for his eighth career grand slam.

Tampa Bay’s career home run leader entered the day 4-for-35 with two homers and 19 strikeouts lifetime against Sabathia, who walked Rodriguez intentionally — the fourth intentional pass of the young shortstop’s career — to get to Pena.

“It was the right move,” Sabathia said. “If I make the pitches, then we have nothing to talk about.”

The Yankees battled back with two runs in the second and four more in the fourth, when Ibanez’s put them ahead 6-4. The offseason free agent acquisition was 0 for 12 against Rays starter James Shields, including a grounder to second base that drove in the first run, before getting his first hit for his new team.

Shields allowed six runs and nine hits, walked three and struck out three in five innings. The right-hander, who set Rays records for complete games (11) and shutouts (4) while becoming a first-time All-Star in 2011, also hit a batter and unleashed a wild pitch that allowed a run to score in the second.

Sabathia, a 19-game winner a year ago, wasn’t sharp, either. The lefty struck out Pena twice to help himself through jams in the third and fifth innings but wound up throwing 104 pitches in six innings. The Yankees ace allowed five runs and eight hits, walked three and struck out seven.

“Fastball command, got better later,” Sabathia said. “So, I can take something from that.”

Alex Rodriguez went 2 for 3 with a pair of walks and scored two runs for the Yankees. He’s hit safely in all eight opening day games he’s played for the Yankees.

The Yankees went 2 for 11 with runners in scoring position, and left 12 men on base.

“We did have a couple opportunties to get it done, but tomorrow is a new day,” Ibanez said.

*

Some of the Yankees sported T-shirts in the clubhouse before the game with the slogans “Yankees 1” accompanied by a degree sign on the front and “Mind Heart Guts” on the back. ... With Rays closer Kyle Farnsworth beginning the season on the 15-day disabled list with a right elbow strain, Tampa Bay manager Joe Maddon plans to fill his role by committee. RHPs Joel Peralta and Rodney are among the candidates to get much of the work. ... Yankees LHP Andy Pettitte is scheduled to face Philadelphia Phillies minor leaguers in extended spring training on Monday, his second game action since ending a one-year retirement. Meanwhile, RHP Michael Pineda, who’s on the disabled list because of right shoulder tendinitis, played catch Friday for the second straight day. ... Looking to give his starters a regular break from playing in the field this season, Girardi is expected to have Rodriguez or Derek Jeter DH on Saturday.

Mariano Rivera, Rivera, CC Sabathia, Sabathia, Tampa Bay Rays, Tampa Bay, Tampa Bay, the Rays, Alex Rodriguez, the Yankees, Sean Rodriguez, Rays, Rays, ST. PETERSBURG, Fla., Tampa

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Thursday, April 5, 2012

14 Wall is recapitalized

Ukrainian fertilizer billionaire Alex Rovt has recapitalized the iconic 14 Wall St. Sources said the deal closed yesterday, leaving Josh Zamir’s Capstone Equities as the managing partner while replacing the Carlyle Group in the venture.

The property was marketed by Adam Spies and Douglas Harmon of Eastdil Secured, who sold the landmarked former Bankers Trust Building twice before. Robert Verrone of Ironhound was instrumental in the restructuring.

The pyramid-topped 1 million square-foot tower is now revalued at about $300 million. The capital influx has also reduced its mortgage by $75 million, to $255 million, sources said. None of the parties could be reached for comment.

Carlyle Group, Eastdil Secured, Adam Spies, Douglas Harmon, Robert Verrone, Alex Rovt, Josh Zamir, Bankers Trust Building, fertilizer billionaire

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Storm sighting: Francis Lewis soccer star signs with St. John's

Humble as he is talented, Danny Bedoya was reluctant to accept that a single signature put him in a class by himself.

The Francis Lewis center midfielder became the first high Division I player in coach Roger Sarmuksnis’ hugely successful tenure on Monday when he faxed his National Letter of Intent to St. John’s University.

An East Elmhurst native, Bedoya was playing down the accomplishment, saying the program, his teammates and Sarmuksnis made it possible, that his scholarship to St. John’s was no more significant than any of the other scholarship players that wore Patriot black.

Denis Gostev

Francis Lewis' Danny Bedoya has signed with St. John's.

“We all try to play our best and make it into a good school with a good offer,” said Bedoya, who is ranked 84th in his class nationally and fourth in the state by TopDrawerSoccer.com. “That’s all I did.”

It made sense for the selfless star – for three years Bedoya took as much joy out of scoring as he did setting up others.

Then, he slipped, as defenders often have trying to keep up with the speedy and skilled senior. He recalled showing Sarmuksnis the papers before he sent them over to his future school and the coach’s reaction stuck with him.

“It’s the best papers I’ve ever seen,” the coach told him.

Bedoya added: “It seems like he was proud of me.”

Not seems – he was and is. Bedoya fell short of leading Lewis to an elusive city title, guiding the Patriots to back-to-back finals berths, but he did everything else. He waited his turn and took advantage of his opportunities, emerging as arguably the top talent in the city this fall. His senior year Bedoya scored 16 goals and added 14 assists, helping to extend the Patriots’ unbeaten streak in Queens to a hard-to-fathom 57 matches (50-0-7).

“It couldn’t happen to a better kid,” Sarmuksnis said. “He really earned it. He practiced hard, did well with his grades. I was happier for him than I think any other player to come out of Francis Lewis.”

The Colombian-born Bedoya heard from Clemson, Notre Dame, Syracuse and Bucknell, but he wanted to stay local, to be near his brother Santiago, who plays for Queens College, and parents Olga and Freddie. St. John’s, Iona and Adelphi were the options.

“I couldn’t see myself anywhere else,” he said.

The Red Storm, a perennial national powerhouse, began following him as a junior and remained in contact, often attending his games with Red Bull Academy. When the offer came through last week, he couldn’t wipe a smile off his face. He signed on Friday and sent the paper over on Monday.

“It feels good, now knowing I’m going to such a big program,” Bedoya said. “I’m really excited. Being able to play at Belson Stadium, having my friends from Francis Lewis come watch, that will be great. I can picture it in my head. It makes me happy to think about.”

Bedoya said the coaching staff, led by legendary head man Dave Masur, has told him there will be an opportunity to get on the pitch as a freshman. They like his playmaking skills, pinpoint accuracy on set pieces and ability on the ball.

“He’s a game-changer,” Sarmuksnis said.

During the year, the coach called Bedoya one of the top players he’s ever coached, right up there with Sebastian Guenzatti, Chris Herrera and John Koutsounadis. He’s now in his own category, even if he is reluctant to admit it.

zbraziller@nypost.com

Danny Bedoya, Francis Lewis, Francis Lewis, Bedoya, Sarmuksnis, St. John

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Wednesday, April 4, 2012

Red Sox closer Bailey could miss months with thumb injury

WASHINGTON — The fortunes of the Boston Red Sox pitching staff took a detour Tuesday through Cleveland, where ace Josh Beckett and closer Andrew Bailey were both having second opinions on thumb injuries.

Beckett is expected to OK, while Bailey could miss much of the season.

“The good news for us is that their situations don’t seem to be the same,” manager Bobby Valentine said before Boston wrapped up its spring training schedule against the Washington Nationals. “The bad news for us is that their situations aren’t the same. One seems to be a problem, and one seems not to be so.”

Valentine said he thinks the right-handed Bailey will be out “a while” with a right thumb injury. Asked if that meant days, weeks or months, the manager said: “possibly all of the above.”

Beckett also has a bothersome right thumb, but Valentine said he “totally” expects the right-hander to start as scheduled at Detroit on Saturday in Boston’s second game of the season.

The nature of Bailey’s injury is still a bit of a mystery. Valentine initially said it began bothering the closer during a game against Pittsburgh on March 21, but the manager wasn’t aware of it until Friday. Bailey traveled to Boston on Monday to have it checked out before going to Cleveland to meet with Dr. Thomas Graham.

Asked how the injury occurred, Valentine said: “I’m not sure. I don’t think we’re going to find out. When I talked to him before he left he was very, he was unknowing. He felt a little something. There really wasn’t a defining moment, in the last conversation I had with him.”

Bailey was acquired in a December trade with Oakland to replace Jonathan Papelbon, who left for Philadelphia in the offseason. Bailey was also sidelined at the start of spring training when he strained a lat during the vertical leap portion of his entrance physical.

He pitched six innings in six Grapefruit League games this spring, with an 0-1 record and a 4.50 ERA.

Bailey also missed time with injuries each of the last two seasons. He began last year on the disabled list with the Athletics because of a strained right forearm, and in 2010 was sidelined with a right intercostal strain and later had right elbow surgery.

His latest injury has Valentine going to Plan B for a closer. Candidates include Alfredo Aceves and Mark Melancon.

“I’d like to think of it as we’ll have a plan where there’ll be a person that we’ll have designated for that role with others who can do it when he’s not available,” Valentine said, “if it all falls in line perfectly.”

Valentine indicated Beckett’s visit with Graham was more of a precaution. Beckett had the thumb examined in Texas on Monday before going to Cleveland.

Josh Beckett, Andrew Bailey, Bailey, manager Bobby Valentine, Boston Red Sox, Washington Nationals, Cleveland, thumb injury, Boston, Valentine, spring training, spring training, Jonathan Papelbon

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Tuesday, April 3, 2012

Dolan calls out Daily News

Cablevision and Madison Square Garden have ripped the Daily News and publisher Mort Zuckerman, claiming the paper is engaging in a campaign of “extortion ” to force a merger between the News and Cablevision-owned Newsday.

“Mr. Zuckerman is engaging in a campaign of intimidation and extortion to effect a merger between Newsday and the Daily News,” according to a statement from Cablevision and MSG.

The latest uproar was triggered by a front page story titled “Ticket to Hide,” in which the News claims that the MSG-owned Knicks deliberately hid news of the severity of Jeremy Lin’s knee injury until after the deadline had passed for season ticket holders to purchase playoff tickets.

The Knicks guard who inspired “Linsanity” has a torn meniscus in his left knee and will be out for an extended period of time.

“Today’s story in the New York Daily News is just another in a long list of articles and cover stories designed to provoke Cablevision and the Madison Square Garden Co.,” the companies said in a statement.

Cablevision and MSG are controlled by the family of James Dolan, who serves as the president of Cablevision and executive chairman of MSG.

The companies said that as recently as March 6, at a lunch meeting at the Four Seasons, “Mr. Zuckerman once again made his proposal, this time adding that ‘the bad press would end if we became joint owners’ (a direct quote).”

Dolan said in a statement, “I understand that there will always be those who are critical of anyone who owns a controlling interest in three New York sports franchises. But Mr. Zuckerman’s attempts to parlay this into a favorable arrangement could not be more misguided.”

A spokesperson for the News didn’t immediately return calls. Zuckerman couldn’t be reached at presstime.

kkelly@nypost.com

Mort Zuckerman, Zuckerman, Cablevision, Madison Square Garden, the Daily News, New York Daily News, campaign, Knicks, James Dolan, extortion, MSG, season ticket holders

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Sunday, April 1, 2012

Vinashin Executive Gets Prison Sentence

A Vietnamese court sentenced the former chief executive of debt-plagued state shipbuilder Vinashin on Friday to 20 years in prison, underscoring the growing urgency of the government's efforts to stabilize the country's bloated and frequently mismanaged state-owned enterprises.

[VINASHIN] Vietnam News Agency/Agence France-Presse/Getty Images

Pham Thanh Binh, former chairman of Vinashin

Pham Thanh Binh was sentenced after a four-day trial in the industrial port city of Haiphong, state media reported. He was convicted of ignoring regulations governing the management of state-owned enterprises and bringing the firm, known formally as Vietnam Shipbuilding Industry Group, to the brink of bankruptcy. Seven other executives were sentenced to 10 to 19 years in prison on the same charge, while another received a three-year sentence for misusing government property.

The near-collapse of the company triggered an outpouring of anger in Vietnam over the perceived abuses of its state-run firms, which often receive access to credit at lower rates than private-sector businesses.

One lawmaker called for a rare vote of no-confidence in the government, and Prime Minister Nguyen Tan Dung apologized to the country's legislature for his role in the debacle, and only barely fought off a leadership challenge in early 2011 after his policies of nurturing powerful, state-owned conglomerates so spectacularly turned sour.

Among other things, Vinashin ran aground over its rapid diversification into a host of sectors in which it had only a passing familiarity, if any at all. Among other things, Mr. Binh steered the company toward developing tourist resorts and brewing beer.

By mid-2010, Mr. Binh, a marine architect by training, had racked up over $4.4 billion in debts at Vinashin, and in December that year the company defaulted on repayment of a $600 million syndicated loan.

Since then, Mr. Dung has vowed to clean up Vietnam's state-owned enterprises, which control around 40% of the country's economic output. He replaced the chief of Vietnam Electricity Group, or EVN, in February after the firm came under criticism for investing in cellular phone networks instead of focusing on its core business of boosting Vietnam's electricity generating capacity and subsequently contributing to a series of debilitating power outages in key industrial areas, including Hanoi and Ho Chi Minh City.

State-owned oil company PetroVietnam, meanwhile, recently pulled out of an ambitious real-estate project in a reflection of the government's new bid to refocus some of Vietnam's largest and most influential businesses.

Mr. Binh, who was arrested in August 2010 and was held in continuous detention, denied in court that he was personally responsible for the losses. Instead, state media reported him as saying that the aftermath of the global financial crisis was to blame. Mr. Binh also said he sidestepped government approval for some projects because he wanted to get them started quickly.

So far, the police investigation has focused primarily on the loss of more than $43 million from two projects to introduce a jet-foil ferry service and build a botched electricity generation plant.

U.S. hedge fund Elliott Advisers LP, meanwhile, is suing Vinashin in the British High Court for its investment in the syndicated loan, which it values along with unpaid interest and default interest at $13.2 million.

In its court filing, Elliott argued that by issuing a letter of support to Vinashin, Vietnam's government had effectively guaranteed the debt. Vietnam's government, however, maintains that Vinashin's debts aren't the responsibility of the state.

Vinashin's management team couldn't immediately be reached for comment.

Write to James Hookway at james.hookway@wsj.com

Thanh Binh, Vietnam Shipbuilding Industry Group, VinashinPham Thanh Binh, Vinashin, Vinashin, Vietnam, Vietnam, Nguyen Tan Dung, government, government, state media, state media, Vietnam Electricity Group

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