Editorials

    After years of legal struggle, which went all the way to the Supreme Court, Bloomberg Markets magazine got what could be the scoop of the decade. While Americans were squabbling over the 2008 $700 billion Troubled Assets Relief Program, the Federal Reserve was secretly handing out more than 11 times that amount at a ridiculously low interest rate to the nation’s biggest banks. In fact, TARP distributed far less than its authorized amount: $392 billion.

    You have to wonder why the owners of small private planes want so badly for East Hampton Town to seek Federal Aviation Administration money for a deer fence. At a hearing last Thursday, pilot after pilot came to the Town Hall microphone to support the Republican board majority’s plan to pursue funding from the F.A.A. But why? Really, why?

    A White House effort to expand help for homeowners who have been unable to refinance mortgages because the value of their properties has fallen could have a stimulating effect on the year-round East Hampton economy.

    With its outsize economic reliance on real estate transactions, East Hampton is a bit of a company town. And, like many other communities in the United States that have suffered in the long recession, it has seen a significant slowdown in many of the related trades.

    Voter turnout in the Town of East Hampton on Nov. 8 was about average for a nonpresidential year — about 43 percent of the 15,929 people registered. Given the standard by which such things are measured nationally, turnout as a percentage of the voting-age population, East Hampton did a bit worse than might have been expected — about 39 percent — but was still a point or two above the national average.

    New York State has adopted a relatively aggressive position on climate change and offered a number of resources to local governments. Unfortunately, few Long Island villages or towns have taken advantage of them. Though Albany is often seen as an adversary in these parts, the impacts of a warming atmosphere are predicted to be severe and complex, and local officials will need every bit of help they can get in reducing greenhouse gas emissions and crafting policies.

    We wish Stephen Lynch well in his new post as East Hampton Town’s next superintendent of highways, but there is a certain sweet irony in his election. Among the responsibilities he is soon to have is keeping the roadsides clear of anything that does not conform to the town code, notably signs larger than six square feet. This is paradoxical because Mr. Lynch’s campaign billboards and parked, truck and trailer-mounted messages were among the most expansive of this year’s political season and, as such, were obvious violations of the law.  

    With scallop season fully under way now in both state and East Hampton Town waters, reports indicate a good crop, if not quite as good a crop as last year’s for individual harvesters. The dip in the per-boat catch so far is anecdotal; it could be the result of more crews taking to the water or a decline in the scallop population — no one really knows for sure. This raises the question of whether the shellfishery as managed now is sustainable.

    In news of the violence that has broken out in Cairo in recent days, a report has circulated that may indicate that the Egyptian authorities are paying attention to how some police in the United States have responded to the Occupy Wall Street protests.

    Whatever happens next in Manhattan for Occupy Wall Street, after a 1 a.m. eviction by police Tuesday, it is remarkable that the encampment was allowed to remain in Zuccotti Park for so long. This would have been unimaginable in the past. Although the mayor’s responses have been erratic, few were confident at the movement’s outset that he would exercise any restraint.

    Now that the election is over, the East Hampton Town Board is picking up a matter it dropped hastily last month concerning East Hampton Airport.

    Fearing what would happen if a public forum about Federal Aviation Administration money was held just before voters went to the polls, Town Hall went into panic mode in October, scratching a hearing on the deal. Having avoided what could have been a political bombshell, the board now plans to go ahead with a request for a relatively modest amount of money from Washington for  deer and security fences at the airport.

    New York State may come up short of cash as 2011 comes to an end, and the outlook for the 2012 budget has dimmed, according to latest projections. The anticipated shortfalls are renewing attention on Albany’s version of a “millionaire’s tax,” which is set to expire next month.

    Now that the election is over, the town boards of East Hampton and Southampton should move quickly to enact strict laws banning political signs on public property.

    It is a chicken-or-egg puzzle to ask which came first, the signs or the foolishness, but this much we know: Such placards consistently bring out a little too much bad behavior among misguided partisans. Like responsible adults who are forced to remove the toys with which the children are bashing each other in the head, the town boards, having allowed the privilege, now should take it away.

    If East Hampton Town Supervisor Bill Wilkinson ever thought he had a mandate to do more than complete the work of correcting the financial chaos of the Bill McGintee-era, he can no longer make that assumption following his apparent narrow election victory over Zach Cohen on Tuesday.

    As the poll results came in, it was clear that Mr. Wilkinson’s support had shrunk from the election of 2009. That a relative unknown like Mr. Cohen could come so close to defeating him attests to the dissatisfaction of many voters with the supervisor’s record over the last two years.

    Tomorrow is Veterans Day and, like last year and the year before that, it is a day on which the United States is engaged in military conflicts on several fronts, including Afghanistan, which is said to be the nation’s longest war.

With Suffolk Executive Steve Levy’s exit from county government under circumstances that have not been entirely explained, two candidates relatively new to South Fork voters are poised to take his job.

East Hampton Town has two town justices who serve four-year terms and alternate on the ballot. Each appears on the bench for two weeks then uses two weeks for desk work. Each position pays $75,000 despite the job appearing to be less than full time.

One thing East Hampton needs as many of its residents struggle to get along in a sluggish economy is a unifying force at the top.

Voting for East Hampton Town Board on Tuesday is crucially important as much for who is not running as for who is.

Times have changed for the East Hampton Town Trustees, with ever-greater pressures on our shorelines from businesses and homeowners at the same time global warming is causing ecological changes.

    Political candidates are fortunate that voters tend to regard specific claims made in campaign advertising dimly, and with good reason: Standards for verification are somewhere between low and nonexistent. This may offer a degree of reassurance to Zachary Cohen, the Democratic and Working Families Parties’ candidate for East Hampton Town supervisor, who was faulted recently for overstating his work on town finances.

    With the members of the Montauk Citizens Advisory Committee having decided to send their own letter to the town justices, complaining about the pace of action on alleged violations at the Surf Lodge restaurant, the path to strictly curtailing of its activities may have been greased.

    During the eight months so far of 2011, real estate sales in East Hampton Town suffered a decline in terms of dollars of more than 26 percent from the same period last year. This is bad news for many people who make a living here, even if they aren’t licensed brokers.

     The suggestion that the East End towns break away from the Metropolitan Transportation Authority is not new, but it resurfaced this week in a campaign appearance in Southampton with Steve Bellone, who is running for Suffolk County executive. Mr. Bellone was joined by State Assemblyman Fred W. Thiele Jr., who also supports a new Peconic Regional Transportation Authority, which might provide more frequent service among the villages and hamlets of the North and South Forks — and help businesses escape the M.T.A.’s usurious payroll tax.

    Tropical Storm Irene may have struck with no more than a glancing blow, but it took a toll on the street trees in East Hampton Village. Word is that the East Hampton Ladies Village Improvement Society estimates some 50 will have to be replaced to fill in the gaps left as the downed trunks and limbs were cut up and carted away.

    Amagansett residents gave themselves a tax increase last week. On Oct. 3, 140 people who live in that hamlet’s fire district trooped to the firehouse to support a bond deal that will add something on the order of $50 to $100 a year, depending on assessments, to their property tax bills. Similarly, higher school and library levies have also passed in recent rounds of voting. Considered together, these votes suggest, at the very least, that no widespread well of anti-tax sentiment exists here.

    By declining to review a challenge to East Hampton Town’s strict limit on the types of ferries that can dock here, the United States Supreme Court last week put an apparent end to a long-fought struggle. This is an important victory for East Hampton residents.

    Tuesday’s East Hampton Town Board work session marked a welcome shift in the way discussions with the public at such meetings have been going.

    If someone took the time to make a list of the businesses East Hampton Town residents complain about all the time, one thing would become clear: The bulk of the trouble spots are in locations with residential zoning.

    Those who follow local government, or who live near one of these places, can point fingers if they like. Our intention is not to name names; rather, it is to point out that it doesn’t have to be this way. In fact, and this may surprise some people, the town’s own laws were written to gradually make development consistent with good planning.

    Occupy Wall Street may seem an odd name for a protest movement, yet the mass assembly of angry and frustrated people in downtown Manhattan — and increasingly in other cites around the country — appears to be this month’s big story and is drawing more support with every passing day. As the protest neared the conclusion of its third week, large labor unions were stepping up and offering support. Today, thousands of activists are expected in Washington’s Freedom Square. Where this all will lead is unknown, but it surely is significant.