Up & Down the Street
There is a long road ahead—that much is certain.
Mayor Bill de Blasio’s plan to create 90,000 new units of affordable housing and preserve an additional 110,000 units over the next 10 years will require the support of not only Albany and Washington, D.C., but also many of the real estate industry’s key players in addition to city resources.
DIMON IN THE ROUGH
So here we are, five years after the fall of Lehman. And where the hell is Dick Fuld, anyway? Talk about skulking away never to be seen again. At least Bear Stearns’s Jimmy Cayne unburdened himself of his delusional and self-serving rage in William Cohan’s 2009 best-seller, House of Cards.
Today in The New York Times, a wonderful report emerges about karma, and mantras, and about people putting themselves in unenviable positions that has nothing to do with yoga so much as the go-around-come-around things embattled JP Morgan führer Jamie Dimon once said at a dinner party that are now making the rounds (and making him look not so great).
Maybe you’ve heard: President Obama’s chief-of-staff, Bill Daley, has stepped down. Taking Mr. Daley’s place will be Jacob Lew. This will not please some people.