Daily News: “AUTOCRAT!” The word was first used to describe Napoleon more than 200 years ago, and my how it’s grown! But there is a pun here: President Obama is setting policy for American auto-makers that are benefiting from government bailout money. It’s actually pretty nice, except that the overall tone of the Read More
Nearly every current poll shows that most Americans oppose federal assistance to General Motors, Chrysler and Ford, which must be worrying news for members of Congress as they ponder whether to support the proposed $15 billion emergency loan package. Political analysts warn of the consequences for lawmakers who support the “bailout everyone loves to hate.” Read More
Last week I was standing in the Ralph Lauren store on 71st and Madison admiring a $400 cashmere toddler sweater when a fresh-faced young mommy hopped out of her black Denali XL. She was casually dressed in sporty Gucci loafers. Over her shoulder she carried a plump, red-faced infant. The sales girl immediately recognized her Read More
Mr. Roger C. Altman
Evercore Partners
55 East 52nd Street
New York, N.Y. 10055
Dear Roger:
You may recall that I wrote you a couple of years ago in connection with some ideas for the Kerry campaign. I didn’t hear back, which didn’t surprise me, although now that I think about it, the fact that Read More
The Plaza.
Last month, The Observer reported on developer Harry Macklowe’s recent buying spree.
In addition to purchasing a townhouse at 53 East 77th Street for $15.75 million, Mr. Macklowe reportedly plans hotel and luxury condominium developments in the East 50′s.
Now, Peter Slatin reports that Mr. Macklowe has just purchased Read More
On the very day General Motors announced that it would post a loss of $1 billion over the last six months, the price of crude oil hit a temporary all-time high of $56.60 a barrel on the New York Mercantile Exchange.
This is not coincidence. This is poetic justice.
General Motors is the outfit Read More
Pardon me if I don’t understand this, Mr. and Ms. Economist: You are correcting against the possibility of deflation-that is, a general and continuous drop in prices-by cutting prices? If that’s your story, stick to it, but please explain the rationale for this last cut in the price of money more cogently than you have Read More
The sporting world is shocked and appalled to learn that a high-school basketball player who lives in a housing project in Akron, Ohio, is the proud owner of an expensive new automobile outfitted with three televisions. The sporting world has devised many safeguards to make sure that high-school basketball players receive no gifts, cash or Read More
PQ: ‘We’re truly representative of the market for small tech companies: Everyone has been beat to death.’-KnowledgeMax investor-relations guy
I received a rather rude letter from my stock-broker recently. It included a form authorizing him to sell, for $1, an Internet stock for which I once had high hopes. “I understand that there currently Read More
There goes the neighborhood! (Again.) The news that the Roundabout Theater Company has sold off the name of the historic Selwyn Theater–its new home on Broadway–to American Airlines is only the beginning of the corporate end.
“Let’s take in a show at the American Airlines Theater” lacks a certain something–call it magic–but let our righteousness Read More
