• The federal formula used to allot New York its pitiful share of anti-terrorism funds has been officially discredited. A new GAO report says — in as many words — that Homeland Security officials lack methods to assess risk. Actuarial math aside, failure to classify the Empire State Building as a landmark was a bit of a giveaway. [NYDN]
• In related news, the Empire State Building is America’s favorite piece of architecture, according to the American Institute of Architects poll. The White House is number two. [WNBC]
• Meet Tom DiNapoli. As New York’s Chris Smith reported yesterday, state legislators reneged on a deal with Governor Spitzer and installed the assemblyman as the new state comptroller. On the upside, according to the Times, DiNapoli is apparently the nicest guy in Albany. [NYT]
• The plot thickens in the Long Island fake-cop case. The con man in question not only wore fake uniform and a prop badge; he owned a car complete with a siren, maintained the cop identity 24/7, and shook down criminals for a living. [NYP]
• And it’s official: The bankrupt Air America now belongs to real-estate mogul Stephen Green, brother of Mark. The price tag on the voice of the American Left? $4.25 million. We assume they threw in The Nation. [amNY]