The Transom

Russell Simmons.

Hip-Hop Array: A Night at Russell Simmons’s House

Last Monday, 250 people joined the Transom in Russell Simmons’s penthouse apartment in the Financial District, shaking snow and sleet off their fur coats and craning their necks to see over a wall of cameras. Mr. Simmons, the chairman of the Foundation for Ethnic Understanding, was hosting a ceremony to celebrate FFEU’s young leaders, and Read More

Mental Health Week

simm

Overdosing on Improvement: How Seven Days of Self-Help Made Us Weak

Three days after we picked up The Secret, we won the lottery. It was a Friday night in Williamsburg, and we were drunkenly blinking into the fluorescent lights of a local bodega, waiting for our dinner—also, technically, a late lunch and tomorrow’s early breakfast—of a beef patty with cheese, when we decided to feed two dollars into a machine to purchase an Instant Take 5 ticket, which enticed us with a promise that we could “Win Up To $5,555!”

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The Banking Crisis

A man with a US dollar bill taped over his mouth joins members of trade unions join "Occupy Wall Street" protesters during a march to Foley Square on October 5, 2011 in New York. The demonstrators are protesting bank bailouts, foreclosures and high unemployment from their encampment in the financial district of New York City. (STAN HONDA/AFP/Getty Images)

More Money, More Problems: How Occupy Wall Street Is Really Funded [UPDATED]

UPDATE: This story was revised October 18 with new information including an updated number for the total amount of funds raised by the protest. It was originally posted on October 14 and ran in The New York Observer print edition Wednesday, October 19.

“George Soros money is behind this!” Rush Limbaugh told his listeners two weeks ago, feeding speculation that the “99 percent” agenda espoused by the Occupy Wall Street protesters has filthy-rich backers—a claim picked up by Reuters and heatedly debated in the media. Soros money? If only. Around the time Reuters was walking back its headline, “Who’s Behind the Wall Street Protests,” later revised to “Soros: Not a Funder,” protesters were voting on whether to spend $3,000 on brooms and trash cans to clean up the occupied plaza in order to avoid eviction by the city.

Back in July, when local activists hammered out the logistics of the Occupy Wall Street protest, they were planning for little more than an urban camping trip. Committees were established to handle security, medication and sanitation. Nourishment was a major concern. Fundraising was an afterthought.

Still, onlookers are rightfully eager to follow the money. Politics have been so dominated by financing for so long that a major movement without major backers seems unthinkable. Last week, Republicans announced a new Super PAC determined, according to The New York Times, to “raise and spend unlimited amounts of money to defend the party’s majority next year”; meanwhile, President Barack Obama raised more than $42 million for his re-election campaign over the last three months.

Donations are flowing into Occupy Wall Street as well, though on a much smaller scale; as of Tuesday the protest’s general fund has raised approximately $294,000, according to members of the finance committee on Tuesday (although the committee is still refining its balance sheet in advance of giving it to a CPA). That’s enough to keep the demonstrators well-fed and livestreaming, but it’s not Soros-level treasure. Read More

Party Circuit

5 Photos

Ellen Ward Scarborough, Chuck Scarborough

The Cinema Society Hosts Premiere of “Homeland”

Last Saturday, the Cinema Society headed to the Hamptons to host the premiere of “Homeland,” a new Showtime series starring Claire Danes. The event attracted celebrities and socialites including Rachel Zoe, Russell Simmons, Debbie Bancroft, Minnie Mortimer, and Kiefer Sutherland. In addition to Ms. Danes, “Homeland” co-stars Damian Lewis and Mandy Patinkin were also in Read More

The Transom

Gwyneth Paltrow at the Bent on Learning gala. (Patrick McMullan)

Gwyneth Paltrow Gets Press-Shy at Bent On Learning Gala

Early Wednesday evening found The Observer at in a dusty backroom of Urban Zen, Donna Karan‘s newest venue, in the West Village, awaiting the arrival of celebrities, especially the ever-elusive and chronically overexposed (somehow, she’s both at once!) Gwyneth Paltrow at Bent on Learning’s gala.

The event celebrated Russell Simmons and Ms. Paltrow for their support Read More

Features

Rev. Al’s Redemption: The President and the Preacher Man

Hip-hop entrepreneur Russell Simmons, dressed in a bow tie, reflected upon President Obama’s speech at the 20th-anniversary conference of the Rev. Al Sharpton’s National Action Network on the second-floor ballroom of the Sheraton Hotel in midtown, his highest-profile speech since kicking off his 2012 reelection campaign. “[It] was O.K.,” he told The Observer. “But listen, Read More

Rallying

Russell Simmons Praises Bloomberg's Absence from Peter King Protest

A few hundred people rallied against Congressman Peter King’s upcoming Muslim radicalization hearings in Times Square yesterday, cheering a litany of interfaith speakers and carrying signs that said: “Today I am a Muslim too.”

One person who wasn’t in attendance: Mayor Michael Bloomberg.

Bloomberg has been a strong voice for tolerance of the Muslim-American community–most Read More