Now that Bill de Blasio has secured his status as frontrunner in the lead-up to to the Democratic primary, all of a sudden rich people are afraid the man might follow through on one of his marquis campaign promises: tax the rich to expand early education. Bloomberg Businessweek reported this morning ... More >>
With Mitt Romney as its de facto go-to candidate, the roster of Restore Our Future, Romney's designated Super PAC slush fund, reads like a laundry list of New York City's wealthiest denizens. And, according to the Center for Responsive Politics and contrary to popular belief, Sup ... More >>
Dawn of the debt
Burning police cars, anyone?
Talk about snatching victory from the jaws of defeat: This week, Mets owner/accused Bernie Madoff unindicted co-conspirator Fred Wilpon 1) was the subject of a New Yorker profile in which he dissed his three best players, then had to apologize via clubhouse speakerphone, 2) was the subject of ... More >>
The Bowery gallery scene. Plus summer art picks
The New York Observer's Max Abelson opens a piece quoting three former Lehman Brothers executives on the Repo 105 scam, noting that the first of two ways to react to the Lehman Brothers' bankruptcy examiner is to lose faith in man. The second reaction is, of course, to shrug. And the third re ... More >>
Lehman Brothers weren't so happy about their whistleblowers. The "rock stars" of hedge funds aren't exactly proverbial Guitar Heroes. A 2.2 billion euro bonus went out to the "risk takers" of Deutsche Bank. CBS' March Madness ad money? Buzzer-beater quality stuff. And the new economic doomsda ... More >>
Twitpic by imabrand. Mayor Bloomberg suggested in a meeting with the Daily News editorial board that he had to spend $65 million on his reelection because New York is a Democratic town ("This is a city where one party happens to dominate and party is very important"), and thus unfairly res ... More >>
In June Elizabeth Dwoskin wrote in the Voice about former city councilmember Noach Dear's transformation from an obnoxious pol to a debt court judge who specializes in swatting back attempts by loansharks to dun citizens who are often wrongly accused of default. Today the Times has found its ... More >>
Mayor Mogul stepped on his own tongue yesterday while explaining away the Grand Poobah confab he attended with buddies Bill Gates, Warren Buffett, Ted Turner, the Rockefellers and Oprah, revealed in the Times today. "All my friends are philanthropic, or they probably wouldn't be my friends," he said ... More >>
Tino Hernandez, who quit as the head of the Housing Authority last year, had a background in social services, and is returning to managing the drug treatment center he'd worked at before. John Rhea, whose appointment to chair the NYCHA was announced today, has a background in investment banking; he ... More >>
Fuck mortgage-backed securities, default credit swaps, AIG, Fanny Mae, Freddy Mac, Alan Greenspan, George W. Bush, Citigroup, Chrysler, Washington Mutual, Bernie Madoff, Sir Allen Stanford, Henry Paulson, Timothy Geithner, suicide loans, TARP, GM, Wells Fargo, Jerome Kerviel, al-Qaeda, Iran, Osama b ... More >>
Just a follow-up: if you like the Times story Tom Robbins mentions in the last post, you might also like the one Graham Rayman did last year on the sleazy Lehman Brothers operation Aurora, which basically claimed non-payment without cause on its customers and then seized their properties. That's how ... More >>
Before he became Mayor Bloomberg's 2009 campaign manager, Bradley Tusk had been a Lehman Brothers lobbyist, a Parks Department functionary, a Chuck Schumer spokesman, a Bloomberg adviser -- and, for four years, Rod Blagojevich's deputy governor. Among Tusk's assignments under Hot Rod was a dicey f ... More >>
HARKAVY is now blogging at The Smart AssetYour Monday New York headlines...Struggling Times says Wall Street Journal and NY Post are dragging down News Corp because of Rupe's stubbornness. Also, Journal management now thoroughly Murdochian: "Memos are for wimps."Sharpton, meanwhile, wants Rupe to pa ... More >>
The Taliban conduct a night ambush against U.S. troops on January 24. A commenter on this YouTube video wrote: "holy cow, tracer rounds are so cool!" Yeah, really cool. What a Sunday in sports and terror: Rafael Nadal and Roger Federer fought to the death in a Grand Slam final, and so did the Pit ... More >>
It wasn't your overdue mortgage.
Lehman Brothers maintained its squeaky-clean image by relying on its seamier subsidiary. Just call her Aurora.
How educators are dealing with the crash of '08
Midtown bar ideal for sucking corporate teat dry
The WEF's Corporate Moguls Debate Their Role as Unelected World Leaders