It has mostly been the Observer‘s policy to let our stories do the talking and not get caught up in the ensuing discussion we hope to create. However, the reaction to this week’s cover story, The Politics and Power of A.G. Schneiderman, has been so intense—and so filled with misinformation—that we wanted to shed light on a few elements.
So let’s talk about the “ice cream guy” – that’s Bill Gifford, the Maplewood, NJ, ice cream store employee who the Observer initially assigned to write its profile of Mr. Schneiderman.
Sex Drugs and "Party Packs"
When the Loews Regency opened for breakfast on Jan. 16 after a yearlong $100 million facelift, the political wattage electrified the room. Former Mayor David Dinkins, Apax Partners founder Alan Patricof, Related executive and former advisor to Governor Paterson Charles O’Byrne, lobbyist Tonio Burgos, State Comptroller Tom DiNapoli, activist and television host Al Sharpton, actor-director Spike Lee and—get this—a police commissioner trifecta of Bill Bratton, Ray Kelly and Bernie Kerik all dined as a beaming Loews Chairman Jonathan Tisch basked in the stunning renovation. Read More
The media really, really wanted there to be a Super Bowl sex scandal. Read More
Eric Schneiderman has mastered the art of the subtweet–a public message covertly addressed to a specific individual.
correcting the record
How many more court decisions will it take before opponents of free speech give up their quest to limit participation in the electoral process?
The answer should be “none.” But don’t count on it.
Sharing is Caring
Ex-Gov. Eliot Spitzer insists he’s not diving back into the political arena just yet, contrary to a New York Post report earlier this evening.
After notching a victory in the case of host Nigel Warren, locking down the legality of hosting while you’re still on the premises, Airbnb is dealing with another legal challenge from New York Attorney General Eric Schneiderman. He wants data on 15,000 local hosts, saying it’s necessary to determine unpaid hotel taxes and root out illegal hotel operators on the platform. The company is fighting the subpoena as, they say, too broad.
In the meantime, public policy head David Hantman convened a presser at General Assembly to tout how much the startup is contributing to the economy of New York City. Between the sternly upbeat tone and the stack of printed pamphlets, it felt like a visit from the Jehovah’s Witnesses.
The infamous gun show loophole has been part of the nation’s conversation about gun control since the appalling massacre in Newtown, Conn., late last year.
Advocates for tighter regulation, especially Mayor Michael Bloomberg, have been pointing out that in most states, those who purchase weapons at a gun show are not required to submit to Read More
Barry Zubrow, JPMorgan’s head of regulatory affairs, will step down from the position by the end of the year, The Wall Street Journal says, as Jamie Dimon continues to shake up his inner circle. Four former members of the firm’s operating committee have left the bank or accepted lesser jobs in the last Read More
Wall Street firms face billions in potential damages after New York State AG Eric Schneiderman brought civil charges against JPMorgan this week for mortgage-packaging standards at Bear Stearns, which JPMorgan acquired in 2008. The lawsuit, which has been criticized for offering little new information, is the first tort filed by a federal-state task force formed by President Barack Obama earlier this year. Mr. Schneiderman said yesterday that other suits would follow.
From engineering financial instruments to building the world’s biggest Ferris wheel, climb aboard with Matt Chaban for former Bear Stearns Asset Management CEO Richard Marin’s wild ride.
Former Wells Fargo Chairman Dick Kovacevich will not abide arguments that the U.S. government bailed out his bank, especially not in his country club’s men’s dining room.
Large firms such as BlackRock are best positioned to take advantage of JOBS Act provisions that would lift the ban on advertising by private investment firms, Bloomberg reports. One reason: bigger money managers already have marketers on staff to work on products such as mutual funds.