For Richer or Poorer
In light of the passage of Governor Cuomo’s tax bill last week, The Observer decided to informally poll the rich. What’s your take, you happy few?
Edgar Bronfman Jr. announced yesterday that he was stepping down from his position as the chairman of Warner Music Group, effective January 31. Turns out he is stepping down from his perch at 812 Park Avenue, as well.
According to city records, Mr. Bronfman has transferred sole control of the triplex penthouse to his wife Clarissa Bronfman, with whom he bought the home in May for $16 million.
Achievements in News Copy
The debt ceiling, spending cuts, the political hostage situation that even the characters of the West Wing aren’t entirely clear on: they’re complicated. Alas, the world needs more simple ways to understand the long-stretching implications of these problems. Thankfully, this is where Bloomberg comes in.
If the computer’s don’t kill us, the taxes will.
The city’s Department of Finance began using a new formula along with new computational software last year to calculate taxes for the city’s vast swathes of co-operative housing stock last year. It resulted in huge new assessments for hundreds of buildings, according to The Read More
House Speaker John Boehner was in his Ohio district yesterday, and told ABC News “I don’t think the big oil companies need to have the oil depletion allowances, but for small, independent, oil and gas producers, if they didn’t have this, there’d be even less exploration in America than there is today.”
Today Read More
It’s no secret that more than a few New York homeowners actually live beyond the boundaries of the Empire State. They own a small apartment in the five boroughs, or a vacation home on Long Island or in the Hudson Valley, but they actually live in New Jersey or Connecticut or Pennsylvania.
Owning a piece Read More
While the city’s economy is showing signs of life, the real estate community knows all too well that property values remain far below what they were at the height of the market more than two years ago. It’s estimated that on a per-square-foot basis, property values have fallen by 38 percent compared with the pre-crash Read More
Felix G. Rohatyn, the titantic Lazard banker, has been much in the news in recent years, as he reflects on his specialities, profligate bankers and broken public finances. Mr. Rohatyn is most often remembered not for the usual business of big deals, though there are those–KKR and RJR Nabisco, Sony and Capital–but his hand in Read More
on the waterfront
Oh, those entitled Brooklyn Heightsies. They decry the thought of condos lining Brooklyn Bridge Park — thus supporting the new greensward’s ongoing maintenance — because it would block their harbor views. Yet they also do not want to pay new taxes to help fund the park, even though the proposal helped State Senator Read More