The Round-Up: Tuesday

In response to reports of rampant and systematic abuse, the federal Railroad Retirement Board votes to increase its oversight of disability payments given to former LIRR employees. [NY Times]

State racketeering and fraud charges to be filed against a local concrete-testing company for failing to properly test the strength of many of the biggest construction projects in the city, including the Freedom Tower. [NY Times]

Long Island moving company charged with stealing $258,000 from NYC’s transit authority. [NY Times]

Citing recent reports that connect home “bug bombs” with illness and injury, New York State will restrict their use to certified pesticide professionals. [NY Times]

New Jersey jury rules against Italy’s Paramalat, finding the dairy company responsible for defrauding Citigroup and awarding the American bank $364.2 million dollars in damages. [NY Times]

With New Yorkers’ wallets lighter than ever, many are heading to the public library instead of renting from Netflix or hitting their local bookstore. [NYDN]

Experts suggest Flushing’s 17th-century Bowne House may be older than originally thought, possibly touching of a battle between Queens and Brooklyn over the city’s oldest standing home. [NYDN]

At a massive warehouse along Astoria’s waterfront, New Yorkers find the best in sidewalk junk. [NYDN]

When looking for a plumber, avoid local Joes that install illegal sewer lines for cheap. [NYDN]

Major South Bronx shopping district known as the HUB to become more pedestrian friendly. [NYDN]

The 14th annual Tour De Bronx attracts 5,000 cyclists to the northern borough. [NYDN]

Realty Check: Tishman Speyer pulls out of deal with Hiro to buy the leasehold on their East 42nd Street property; Germany’s West LB bank in talks to grab three upper floors at 7 World Trade Center; Harry Gross finally ready to start work on his Marriot Courtyard hotel at Broadway and West 54th. [NY Post]

Paterson increases budget gap projections to $12.5 billion over the next two years. [NY Post]

Paulson's new $250 billion rescue package may be used to fund a series of bank takeovers instead of restoring confidence in the financial sector so that banks lend again. [WSJ]

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