“New York needs a comprehensive, modernized infrastructure to get food to hungry older adults and a system that goes beyond the outdated model of providing just one meal per day, five days a week.” The near-bare refrigerator of a senior enrolled in the city’s home-delivered meals program last summer. Photo by Adi Talwar for City […]
Opinion: Older New Yorkers Built This City—Now They’re Going Hungry Read More »
The Trump administration claims that its incoming 25 percent tariffs on foreign cars and auto parts will boost business for vehicles made entirely in the U.S. But such all-American cars don’t exist—and they probably never will, according to industry experts. Given that U.S. carmakers today source many of a vehicle’s roughly 30,000 parts from abroad,
Trump Tariffs Push for ‘American-Made’ Cars—But They Don’t Exist Read More »
Photo: El Salvador Presidency Handout/Anadolu/Getty Images Last month, the Trump administration invoked the rarely used Alien Enemies Act to place hundreds of Venezuelan and Salvadoran migrants on deportation flights to El Salvador on allegations that they were criminals with extensive gang ties. Though James Boasberg, a federal judge in Washington, D.C., issued an order for
How Many Innocent Men Did Trump Deport to El Salvador? Read More »
Laurent Martin “Lo” is a visionary French artist renowned for his masterful bamboo sculptures that appear to float or balance with ethereal elegance. Trained as a visual artist in Paris, Lo spent many years working as a creative director both in advertising and fashion before embarking on an art career. His passion for bamboo led
Laurent Martin “Lo” and the Art of Bending Nature Without Breaking It Read More »
Photo: Tom Williams/CQ-Roll Call/Getty Images Since Inauguration Day, party activists have been begging elected Democrats to “do something” to interfere with Donald Trump’s agenda. Senate Democrats had the chance on March 14. They, or at least the ten needed to short-circuit any potential filibuster, decided the “something” involved had unacceptable consequences (a government shutdown they
Is Cory Booker’s ‘Filibuster’ Doing Anything to Stop Trump? Read More »
Did you know that replacing just one mile of old gas pipe costs New Yorkers around $6 million — and that expense shows up on your utility bill? Every time your utility digs up a street to replace aging gas lines, New Yorkers foot the bill. That’s nearly $60,000 per customer per mile. It’s a
There’s a Smarter, More Affordable Way to Heat New York Homes Read More »
A SoHo-based baby formula startup focused on reducing additives and harmful chemicals in infant food has raised $72 million amid a federal crackdown on the industry, a federal filing shows. ByHeart, launched in 2016 by siblings and co-founders Mia Funt and Ron Belldegrun, sold $72 million in equity and other options to undisclosed investors, according
SoHo startup selling organic baby formula raises $72M Read More »
For over 70 years, professional investors have relied on an investment strategy known as Modern Portfolio Theory (MPT). Developed in the 1950s by Nobel Prize-winning economists Harry Markowitz and Bill Sharpe, MPT popularized the classic 60/40 portfolio—roughly 60 percent stocks and 40 percent bonds—as a way to diversify risk and maximize returns. But Larry Fink,
BlackRock CEO Larry Fink Is Challenging a 73-Year-Old Investing Principle Read More »
A former media executive is parting ways with an old-school home after 30 years. Ex-Viacom CEO Philippe Dauman has listed his 4-story, red-brick mansion on East 65th Street for $37 million. Dauman bought the seven-bedroom, Neo Federal property with his wife in 1995 for $5 million, which would be just over $10 million in 2025
Ex-Viacom CEO seeks $37M for Upper East Side mansion Read More »
Ordinarily it isn’t news when a borrower pays what it owes. But in January Manhattan-based developer Moinian Group put out a press release to announce that it had fully repaid debt holders $630 million raised on the Tel Aviv Stock Exchange. “The repayment of these bonds reflects our strength as one of New York’s largest
Moinian-owned office towers on Fifth Avenue land in special servicing Read More »
