As Europeans return from August vacations, Greece is at the top of the to-do list. Athens needs another bailout; the Germans may be wary, but are they willing to risk a Grexit? Some hedge funds are nibbling at Greek debt, increasingly optimistic of further European assistance. Another way to bet on Read More
off the record
In traditional Chinese culture, the dragon is an auspicious creature, venerated as a symbol of wealth, imperial power and social prowess. Since 2012 marks the year of the dragon, according to the Chinese zodiac calendar New York society dutifully fêted the felicitous occasion with a grand party.
Lincoln Center (as ever) was aflutter with people Read More
“This isn’t my real work,” photojournalist Harry Benson told Off the Record, gesturing at a wall of his photographs.
He was surrounded by intimate candids of bold-face names, taken over the course of his 40-year career at magazines like Life and Vanity Fair. All together they tell a colorful history of New York society, but he’d rather be known for his photographs of U.S. presidents.
Another reason for the Michael’s-dining, Bergdorf Goodman window-shoppers of Fifth Avenue to hate the homeless: they are actually rich, college-going liars in disguise. Thank goodness for New York Social Diary’s David Patrick Columbia, who took it upon himself to investigate the curious case of a panhandling young lady who has claimed for nine months now to be seven months pregnant.
A complete stranglehold over an entire industry just isn’t what it used to be.
After lovable billionaire philanthropist and rapacious capitalist warrior Warren Buffett exited the muni-bond insurance game in 2009, fellow billionaire Wilbur Ross has become the sole major investor in insurance of the $2.8 trillion market for American municipal debt. Holding 16 million Read More
On Thursday, May 6, at 2:45 in the afternoon, the billionaire industrialist Wilbur Ross was interviewing a job candidate in his 27th-floor office when his computer screen went all red. The Dow, which had opened the day above 10,800, began falling. It dropped, paused and then plunged monumentally, down past 10,400 and 10,000 and then Read More
The sad but safe assumption about the Sago miners is that when their funerals are over, we will forget about them, their mourning families, and the working conditions that still threaten so many like them. We will forget and, with occasional exceptions in the pages of liberal magazines and daily newspapers, we won’t be reminded Read More
How much money will Wilbur Ross Jr. spend to buy his wife the Democratic Party’s nomination for governor?
It’s a crude question, of course, but standing in the hot afternoon sun on Aug. 3, trying to divine the politics of the Bronx Puerto Rican Day parade, politicians agreed it’s the only question that counts.