Good News/Bad News
Here’s one unexpected (but tough to pity) victim of the MF Global meltdown: Mayor Michael Bloomberg.
When the brokerage filed for bankruptcy, Bloomberg LP lost 600 terminal subscribers, or about $1 million in monthly revenue, The New York Times reports, causing the company to miss target sales by 12 percent and possibly taking a toll on bonuses.
Following his opening statements at this year’s ICSC conference, Mayor Mike Bloomberg told reporters in a separate press conference that the city should relax its hardliner stance on keeping big-boxer Wal-Mart out of all five boroughs.
“If they (Wal-Mart) want to come, we should not say ‘no’ to anybody,” said Mayor Mike inside the Mercury Read More
We were inside the West Ballroom at The Hilton New York, on the hunt for available seats when a large and friendly man sitting dead center in the front row waved us over and asked us to sit with him.
That friendly man was Bruce Ratner, head of Forest City Ratner Companies, who had no idea that he had just invited two reporters from The Commercial Observer to join him.
After Mayor Bloomberg released his bad-news budget several weeks ago, we argued in this space that City Council Speaker Christine Quinn—another mayoral aspirant—had to do more than complain about cuts to popular programs. If she wanted to be taken seriously, we argued, she had to provide an alternative vision.
She did just that the other Read More
It’s the last week in May and the weather is finally warm, the Hamptons commute is seasonally torturous, and our aging international businessmen are doing what has become increasingly commonplace this time of year: lecherously pursuing the housekeeping staff through the halls and in the well-appointed rooms of our fine luxury hotels. And by “increasingly Read More
On a recent Tuesday afternoon, outside a firehouse on the north shore of Staten Island, Bill de Blasio slipped between a throng of sweaty, angry protesters and was quickly ushered to a microphone stand.
“This mayor loves to brag how devoted he is to the numbers,” said Mr. de Blasio. “This is the fastest growing Read More
The teachers’ unions continue to resist the notion of accountability in the classroom, even as it becomes more and more clear that teacher performance is just as important as financial resources and parental involvement in creating a true learning environment in our public schools.
Earlier this month, Governor Andrew Cuomo introduced a series of proposals Read More
Say this about Mayor Bloomberg: Whatever missteps have befallen him early on in his third term, he continues to push cutting-edge technology as the key to the city’s renewed and continued prosperity.
Of course, given the Mayor’s private-sector success, his interest in technology and information shouldn’t come as a surprise. Nevertheless, he is making good, even Read More
It’s not as though he didn’t warn us.
When Mayor Bloomberg stepped to the podium to deliver his bad-news budget the other day, the only people who seemed surprised to learn about massive teacher layoffs and other painful cutbacks were members of the City Council, who reflexively denounced the Mayor’s difficult decisions. That is their Read More
The Wee Hours
Outside the French ambassador’s home the people of Washington, D.C., mobbed John Legend as if the city had never before seen a star. David Arquette walked out of the gates and met bunches of fans clutching outdated head shots and fresh sharpies. David Byrne emerged, and a man broke into a sprint, holding in his Read More