by on August 3, 2018
A homeless man sits on the sidewalk on a frigid day in Manhattan in December 2017 The economics of housing the homeless is a tricky equation, especially in New York City, which has a right-to-shelter mandate, meaning the city has to provide a temporary bed to anyone who needs it. Because of demand, the city often houses people in apartments and hotels where accommodations can be spotty and social services nonexistent. But one shelter in the Bronx, called Landing Road Residence, is ...
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by on July 25, 2018
A federal judge on Wednesday rejected President Trump’s latest effort to stop a lawsuit that alleges Trump is violating the Constitution by continuing to do business with foreign governments. The ruling, from U.S. District Judge Peter J. Messitte in Greenbelt, Md., will allow the plaintiffs — the attorneys general of Maryland and the District of Columbia — to proceed with their case, which says Trump has violated little-used anti-corruption clauses in the Constitution known as the emolume...
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by on June 28, 2018
A search warrant application unsealed on Wednesday revealed closer links than previously known between President Donald Trump’s former campaign manager Paul Manafort and a Russian oligarch with close ties to the Kremlin. Paul Manafort, former campaign manager for U.S. President Donald Trump, departs after a hearing at U.S. District Court in Washington, DC, U.S., April 19, 2018. In an affidavit attached to the July 2017 application, an FBI agent said he had reviewed tax returns for a co...
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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 June 12, 2018
A new report looks at the impact of speaking fees, free meals and other perks on New York doctors' prescribing habits New York doctors who accepted speaking fees, honoraria, meals and other forms of payment from opioid manufacturers started writing more prescriptions for the narcotic painkillers, according to an analysis from the New York State Health Foundation. When comparing physicians in similar specialties who historically prescribed similar amounts of opioids, the researchers fou...
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by on June 12, 2018
AT&T and Time Warner are not competitors; their proposed merger would be a so-called "vertical integration" of complementary companies. A federal judge on Tuesday gave his blessing to telecom giant AT&T's drive to take over the Time Warner media conglomerate. Judge Richard Leon rejected arguments by Justice Department lawyers that the combined company would be too large and too powerful, and that the $85 billion deal would harm competition and hurt consumers. Time Warner owns CNN, HBO,...
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by on June 6, 2018
Add Josh Kushner to the shortlist of major winners in Microsoft Corp.’s $7.5 billion purchase of GitHub Inc. Kushner’s New York-based venture fund, Thrive Capital, had invested about $150 million for a roughly 9 percent stake in the online platform for developers to share and work together on software code, according to a person familiar with the deal. It was both the firm’s largest investment and biggest return since Kushner founded Thrive a decade ago, the person said. Axios earlier rep...
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by on June 5, 2018
Americans for Prosperity Foundation Chairman David Koch speaks in Orlando, Fla., Aug 30, 2013. Billionaire industrialist Charles Koch on Tuesday announced his brother David Koch is stepping away from a day-to-day role with the family’s business for health reasons and is expected to take similar steps to unwind his involvement with the advocacy machine the Kochs have used to shape American politics. Charles Koch made the announcement via an email message sent to Koch Industries employee...
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by on May 31, 2018
CBD is a chemical compound that, like THC, is derived from cannabis and hemp, but it’s non-psychoactive. Azuca's CBD-infused products include sugar and lemonade. The company will later introduce syrups. As mounting political pressure makes the legalization of recreational cannabis in New York likelier by the day, the founder of a popular brunch spot known for its family-friendly, wholesome vibe is getting ahead of the curve. Bubby’s owner Ron Silver, who founded his original upscale...
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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 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 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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