President Donald Trump’s administration seized $80 million from New York City’s bank accounts late Tuesday after Elon Musk inaccurately claimed that the money was being used to shelter migrants in luxury hotels, according to city officials. Mayor Eric Adams’ administration is threatening to sue over the revocation, and Comptroller Brad Lander called the move an illegal theft.The $80.5 million in funds from the Federal Emergency Management Agency had been awarded under President Joe Biden’s administration through a 2023 program that reimburses localities for immigration-related expenses. The money was sent to the city only last week, and the billionaire Musk — who has been deputized by Trump to aggressively slash government services — wrote falsely on X on Monday that the funding had been intended for disaster relief.Lander, in a press conference on Wednesday, said his office discovered hours earlier that the money had been taken from city coffers — a move that the comptroller, the city’s chief fiscal officer, conceded he did not even know the federal government had the ability to do.Mayor Adams, whose corruption charges may be dropped by Trump’s Justice Department and has otherwise refrained from criticizing the president, wrote on social media that his office is investigating the clawback and “has already engaged with the White House about recouping these funds.”“We’ve requested an emergency meeting with FEMA to try and resolve the matter as quickly as possible,” Adams... Continue reading at 'Crains New York'
[ Crains New York | 2025-02-12 20:08:46 UTC ]
President Donald Trump’s administration seized $80 million from New York City’s bank accounts late Tuesday after Elon Musk inaccurately claimed that the money was being used to shelter migrants in luxury hotels, according to city officials. Mayor Eric Adams’ administration is threatening to sue... Continue reading at Crains New York
[ Crains New York | 2025-02-12 20:08:46 UTC ]
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Digital media company Hearst, home to editorial titles including Esquire, Cosmopolitan, and Country Living, named the marketing agency PMG as its agency of record on Tuesday. According to David Carey, its senior vice president of public affairs and communications, it is... Continue reading at AdWeek
[ AdWeek | 2025-01-30 08:16:11 UTC ]
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The IBM Building at 590 Madison Ave. has one of the finest amenities in the city: A 8,200 square-foot park-like atrium with a 65-foot high glass ceiling, with dozens of chairs and tables available to everyone. “A tree-filled conservatory and public living room rolled into one,” is how the space... Continue reading at Crains New York
[ Crains New York | 2024-11-27 18:07:17 UTC ]
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Mayor Eric Adams’ administration is distancing itself from a planned acquisition of a large Bronx industrial center after it emerged that a city real estate official — who is close friends with Adams — had gone to unusual lengths to promote the deal.The administration had been in talks to... Continue reading at Crains New York
[ Crains New York | 2024-10-30 17:40:25 UTC ]
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DJI has filed a lawsuit against the US Department of Defense over its addition to the Pentagon list that designates it as a "Chinese military company." In its filing, shared by The Verge, the company said it's challenging the designation because it's "neither owned nor controlled by the Chinese... Continue reading at Engadget
[ Engadget | 2024-10-19 12:00:36 UTC ]
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Private equity group to control classified business while Mathias Döpfner and Friede Springer will run digital operationAxel Springer has struck a €13.5bn (£11.3bn) deal that will see its media assets, which include Politico, Business Insider and newspapers Bild and Die Welt, hived off into a... Continue reading at The Guardian
[ The Guardian | 2024-09-19 14:19:21 UTC ]
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Founded in 2013, Letters Bookshop in Durham, N.C., is transforming from a privately owned business to a community-supported cooperative, selling shares for $116, in an aim to sustain the store in amid a challenging retail environment. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-06 04:00:00 UTC ]
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Mayor Eric Adams announced a deal on a $112 billion budget with the City Council on Friday, reversing a small but notable fraction of his unpopular cuts as he looks toward a difficult re-election bid next year.The spending plan for Fiscal Year 2025 also makes some new investments at the urging... Continue reading at Crains New York
[ Crains New York | 2024-06-28 21:14:47 UTC ]
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Mayor Eric Adams’ administration has reached a deal with the City Council on a budget that undoes at least some of the cuts he had previously imposed and adds new funding for housing construction, according to City Hall and a person familiar with negotiations.The mayor’s office announced... Continue reading at Crains New York
[ Crains New York | 2024-06-27 23:09:36 UTC ]
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The following is from Working, Studs Terkel’s the classic oral history of Americans’ working lives. * Babe Secoli She’s a checker at a supermarket. She’s been at it for almost thirty years. “I started at twelve—a little, privately owned grocery store across the street from the house. They didn’t... Continue reading at Literrary Hub
[ Literrary Hub | 2024-05-15 08:56:16 UTC ]
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The owners of 60 Wall St. yesterday announced they refinanced the office tower’s $575 million mortgage at a substantially higher interest rate, paving the way for redevelopment of the empty building with a distinctive public lobby.“60 Wall will be redeveloped to today’s standards and will... Continue reading at Crains New York
[ Crains New York | 2024-05-02 17:53:38 UTC ]
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The City Council said it has found an additional $6 billion in newly identified city dollars to undo many of Mayor Eric Adams’ spending cuts and make new investments in affordable housing construction and education.Lawmakers on Monday released their official response to the mayor’s $109 billion... Continue reading at Crains New York
[ Crains New York | 2024-04-01 17:27:55 UTC ]
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New legislation could thwart planned £600m purchase of media group by UAE-backed consortiumThe UK government plans to introduce legislation that would prevent foreign governments owning UK newspapers and news magazines in a significant move that could scupper the planned £600m sale of the... Continue reading at The Guardian
[ The Guardian | 2024-03-13 15:52:35 UTC ]
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Another new residential development is on its way to Gowanus, more than two years after the neighborhood's rezoning.Developer Michael Khoo is planning a project at 557 Third Ave., located between 14th and 15th streets in the Brooklyn neighborhood, that will span about 30,000 square feet with 41... Continue reading at Crains New York
[ Crains New York | 2024-03-05 18:08:04 UTC ]
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A developer is betting that people will pay top dollar for up-close views of one of the city’s most unloved sites: AT&T’s Long Lines Building in Tribeca, a windowless, 29-story hulk from the 1970s that routinely makes lists of New Yorkers’ least-favorite buildings.The plan, which was put... Continue reading at Crains New York
[ Crains New York | 2024-03-04 18:30:46 UTC ]
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An Australian startup that recently hired a new North American president plans to grow its U.S. headquarters in Denver. The startup is a digital platform that helps privately owned businesses determine their valuation. It also helps create a roadmap for a successful exit, which could include a... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2024-02-28 13:09:19 UTC ]
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A moon lander was launched from Florida early on Thursday on a mission to conduct the first U.S. lunar touchdown in more than a half century and the first by a privately owned spacecraft. Continue reading at CBC
[ CBC | 2024-02-15 12:10:00 UTC ]
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Police services across Canada in early October saw a demo of Fusus — a service that makes it easier for police to access privately owned security camera footage. It's becoming more common in America, but Canadian researchers have concerns it is overkill. Continue reading at CBC
[ CBC | 2023-10-27 08:00:00 UTC ]
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