The new FAA rules regarding air traffic over the Hudson River go into effect Thursday, separating pilots into three altitude corridors: in the lower two (below 1,300 feet), local commuter planes and sightseeing helicopters would still rely on the "see and avoid" method, but would also be required to tune their radio to a frequency of 123.05; announce their location, description and route; and obey a speed limit of 140 knots or less. Longer flights under the jurisdiction of air traffic controllers will fly above 1,300 feet. But critics say the rules don't go far enough to prevent another crash like the August 8th collision between a small plane and a sightseeing helicopter that claimed nine lives. more ›

David Brooks, who is the subject of a pump and dump stock scheme investigation that allegedly netted him hundreds of millions of dollars, had the restrictions on his $400 million bail loosened this week by a judge who feels he's only a minor flight risk. Brooks was the CEO of DHB Industries, a maker of bullet proof body armor worn by the U.S. military and the NYPD. more ›

Complaining about the proliferation of bank branches in New York City has almost become cliche, but City Planning officials are taking steps to enact zoning restrictions along 125th St. in Manhattan that would limit the number of bank branches on the main drag of Harlem. The idea is that bank branches can have a deadening effect on pedestrian use of a an area because they take up space that could be used for arts, entertainment, or retail purposes. more ›

A lawsuit filed Monday against the City Campaign Finance Board seeks to overturn a recently enacted funding law that opponents assert will just make the City Council richer - and whiter. The recently-enacted campaign finance restrictions reduces the contributions from companies who do business with the city by a whopping 92%. Translation: In a mayoral race, the individual limit on giving is now $400, versus $4,950; in City Council races, it's $250, down from $2,950. more ›