by on February 9, 2018
Hurricane Maria left her atelier without power. Her seamstresses lost everything and her house flooded. But Puerto Rican designer Stella Nolasco put tragedy behind her to bring a color and optimism to New York Fashion Week, laced with a clear political message. She was just starting to prepare for her fall/winter 2018 collection when the monster storm tore through the island on September 20, devastating the US territory and leaving Puerto Rico without power or telecommunications for months. ...
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by on May 14, 2018
The Grand Concourse in the Bronx. For lifelong Bronx resident Leette Eaton-White, the first sign of her neighborhood's transformation came by way of her local supermarket. It was there on a shelf that the 31-year old college administrator noticed Method, an organic (and relatively pricey) line of cleaning products. "I had only seen them in Manhattan or Westchester previously," White, who lives in the Northern Bronx's Edenwald section, told CNBC recently in an email. "I instantly tho...
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by on May 10, 2018
Novartis CEO Vasant Narasimhan sent an internal email to employees after the pharmaceutical giant revealed it paid the company of President Trump's lawyer, Michael Cohen, $1.2 million. "We made a mistake in entering into this engagement and, as a consequence, are being criticized by a world that expects more from us," Narasimhan wrote. In a Wednesday statement, Novartis said it entered a one-year agreement with Cohen for guidance on how the Trump administration would approach health-c...
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by on February 24, 2018
Attorneys general of Maryland and the District of Columbia on Friday expanded their lawsuit accusing President Trump of accepting gifts from foreign and state governments, suing him not only as president but in his personal capacity as a businessman. Legal experts say the move takes the "emoluments" clause of the Constitution into uncharted legal waters, since it has been interpreted as only applying to presidents in their official capacity. "The conventional understanding is that on...
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by on May 23, 2018
Ukrainian leader Petro Poroshenko (left) meets US President Donald Trump at the White House in June 2017 Donald Trump's personal lawyer, Michael Cohen, received a secret payment of at least $400,000 (£300,000) to fix talks between the Ukrainian president and President Trump, according to sources in Kiev close to those involved. The payment was arranged by intermediaries acting for Ukraine's leader, Petro Poroshenko, the sources said, though Mr Cohen was not registered as a representati...
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by on January 30, 2018
From left: Warren E. Buffett of Berkshire Hathaway, Jeff Bezos of Amazon and Jamie Dimon of JPMorgan Chase Amazon, Berkshire Hathaway, and JPMorgan Chase on Tuesday announced a partnership to cut health-care costs and improve services for their U.S. employees. The announcement slammed the shares of multiple companies in the health-care sector. The giant companies, which together employ more than 1.1 million workers, will launch an independent operation that's intended to be f...
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by on May 30, 2018
Wall Street’s long campaign to chip away at the toughest trading restriction imposed on banks after the financial crisis is finally paying off under President Donald Trump. The Federal Reserve Board, now led by Trump appointees, on Wednesday took the most concrete step yet to roll back the Volcker Rule, which was key to Washington’s efforts to make the industry safer after the 2008 meltdown. Fed governors voted 3-0 to seek comment on proposed changes, kicking off an administrative process...
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by on June 19, 2018
Amid President Trump’s headaches confirming cabinet secretaries, from neophyte Rex Tillerson to conflict-prone Scott Pruitt to unprepared Betsy DeVos, all of whom squeezed through, Wilbur Ross was a tonic. With his blue power suit and decades of dealmaking, he had the look and the résumé of a commerce secretary. And unlike his boss, Ross promised to divest from almost all his holdings upon entering government, drawing bipartisan praise en route to an easy confirmation. “You have really made ...
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by on April 28, 2018
Protesters holding “Levi’s are made from coal” banner and posters illustrating Levi’s impact on the environment. Protestors convened in front of the Levi Strauss & Co.’s store in Times Square this week to raise awareness in a unique way. They took off their pants. The “Too Dirty to Wear” campaign claims that the fashion industry is complicit in exacerbating air pollution Activists with the international environmental organization Stand.earth removed their jeans as part of an ...
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by on February 7, 2018
Each business owner can get up to 40 hours of free legal assistance. As more and more mom-and-pop shops are forced to make way for chain stores, the city is stepping in to offer some assistance. The city’s Department of Small Business Services has launched a free legal service to help small businesses with issues concerning their leases. Murray’s Cheese has been a Bleecker Street stalwart since the 1940s. “Small businesses are the economic heart and soul of this city and they deserv...
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by on May 22, 2018
State tax breaks for the luggage designer to move less than a mile Away is a direct-to-consumer luggage company Sometimes companies are awarded financial incentives to relocate to New York from another state or overseas. But Monday a retailer was granted $4 million worth of state tax breaks for moving its headquarters from SoHo to … SoHo. The package was granted to Away, a two-year-old luggage designer co-founded by CEO Steph Korey, a former Warby Parker executive. The firm is headq...
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by on March 16, 2018
Workers at the first CVS store on the East Coast to unionize are fed up with the multi-billion-dollar corporation’s failure to sign a fair contract after more than two years of dithering — and for many, the reason for the foot dragging is clear. Joe Fontano rallies with workers and supporters on Flatbush Avenue. CVS workers on the West Coast already enjoy a negotiated UFCW contract guaranteeing living wages, health benefits, paid time off and even a retirement plan. But when members ...
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