Goldman Sachs has become, in certain circles, a punching bag for demagogues and panderers who would have you believe that the firm somehow symbolizes all that critics dislike about global capitalism in general and Wall Street in particular.
Goldman deserves better, but that’s another argument for another time. For now, it is important to note the firm now has a financial stake in reforming New York’s criminal justice system. It’s the sort of public-private policy initiative that ought to be encouraged at all levels of government, particularly as states and municipalities continue to struggle with budget deficits.
The growth of tent settlements in California and elsewhere is one of the saddest developments in this season of sadness. As President Barack Obama recently observed, “It is not acceptable for children and families to be without a roof over their heads in a country as wealthy as ours.” Here in New York City successive Read More
The ever quotable Chuck Hunt, executive vice president of the New York State Restaurant Association, posed an interesting question to The Observer in response to Governor Paterson’s proposed plan to hike taxes on “sugary” soft drinks — that is, the non-diet kind:
How are they going handle it at McDonald’s, where they hand you Read More
In early December I moderated a panel discussion at Columbia University titled "Energy Efficiency: What Really Works." The panel featured five terrific experts on this issue: Bridgett Neely, Vice President of Energy Efficiency at New York City’s Economic Development Corporation; Lloyd Kass, Director of the Energy Department at the New York City Housing Read More
Celebrity chef Mario Batali’s critically acclaimed Del Posto restaurant earned a more dubious distinction on Sunday, when state Senator Jeff Klein set up outside to announce his second annual round-up of New York City’s dirtiest restaurants.
Mr. Batali’s three-star eatery on 10th Avenue flunked a city health inspection this past June, racking up a total Read More
It’s only July and already the so-called "Summer of Hope" is winding down on Coney Island.
Gowanus Lounge is reporting that the various rides and attractions touted by controversial developer Joe Sitt back in April are currently being dismantled, apparently headed to some other carnival site in Tennessee.
Back in April, as I was trying to figure out how the hell to get out to Glendale for my interview with the Cash Giveaway King of Queens, Damon Hemmerdinger, development director for the Shops at Atlas Park, I asked his rep:
"Think ol’ Dale [Hemmerdinger, M.T.A. chairman and also Damon's father] can Read More
A fierce standoff between two New York titans, both ranked on The Observer‘s recent 100 Most Powerful People In Real Estate, wrapped up an indecisive first-round yesterday.
Dapper restaurateur Giuseppe Cipriani (ranked No. 97) had offered up $500,000 to settle his dispute with the State Liquor Authority (S.L.A.). The state agency intends Read More
Activists targeted hotelier Hank Freid last week as the focal point for their campaign against illegal hotel conversions citywide, calling the much-maligned developer a "scamlord" and picketing his Broadway Hotel this past Saturday.
Mr. Freid’s lawyer chimed in this week to make a point — those hotels aren’t actually illegal:
The Read More
A new city rule requiring chain restaurants to post the calorie content of their menu items actually takes effect on Friday, April 25–not today, as other news outlets are reporting.
"Every station has been misreporting that that the calorie listing mandate goes into effect today," according to an email from the city’s legal Read More