A Long Island City company purchased $30 billion worth of medical debt, a sizable chunk of the national total, in order to erase it. Undue Medical Debt, a nonprofit dedicated to buying and forgiving medical debt, spent just $36 million to acquire the debt, according to spokesman Daniel Lempert. The company announced the deal with […]
Long Island City-based nonprofit buys $30B in medical debt to erase it Read More »
The city’s luxury real estate market slowed down last week, as financial markets continue to slide. Across the city, 27 units asking more than $4 million went under contract during the week of March 31 to April 6, according to Olshan Realty’s luxury market report. That’s a fairly typical showing but still a decrease of
Luxury home sales slow after record week Read More »
Photo: Daniel Cole/Reuters Much has been made recently of the Democratic Party’s systemic problems. Donald Trump won the popular vote, Republicans netted a healthy Senate majority, and almost every demographic group, absent the white and wealthy, gravitated to the GOP. As Trump has laid waste to the government and cowed civil society, few Democrats could
Trump Is Doing Democrats’ Heavy Lifting For Them Read More »
In the nearly nine years since off-duty police officer Wayne Isaacs shot and killed 37-year-old Delrawn Small in an alleged road rage incident in Brooklyn, a criminal prosecution, an acquittal, two lawsuits, an appeal and three investigations have unfolded. But so far, there has been no NYPD disciplinary trial for Isaacs, who shot Small three
Nine Years After Fatal Shooting, NYPD Cop To Face Disciplinary Trial Read More »
Attorneys for a Columbia University student who has been living legally in the U.S. since age seven are questioning whether the Trump administration, which has been seeking to detain and deport her, “provided incorrect or false information” to a magistrate judge to obtain a warrant to search her dorm room. In a court filing submitted
Green Card Holder Targeted for Detention Questions Basis for Warrant to Search Her Dorm Read More »
Ford (F) dealership ” width=”970″ height=”665″ data-caption=’Ford is offering new consumer discounts in response to tariffs. <span class=”lazyload media-credit”>Artur Widak/NurPhoto via Getty Images</span>’> Fresh discounts, hiked prices and paused production are among the strategies that America’s largest carmakers are embracing in response to the Trump administration’s 25 percent tariffs on imported cars, which took effect
How America’s Largest Carmakers Respond to Trump’s Auto Tariffs—For Now Read More »
Photo: Lauren Sopourn/Getty Images As global markets continue to melt down in reaction to the president’s tariff program and his manifest willingness to wage a trade war, the question of the day is whether these adverse signals of real-world economic consequences will restrain him. To answer that question with another: Why would anyone imagine such
This Is What You Get When You Cede All Power to Trump Read More »
An entity linked to prolific real estate firm The Related Cos. has offloaded five Bronx properties for a combined $18.2 million, records show. The move appears to be part of a departure from the outer boroughs by the firm and its subsidiaries. Matthew Becker, senior vice president at the Hudson Yards-headquartered company, signed the deeds
Related Cos.-linked fund sells five Bronx properties for more than $18M Read More »
Sellside analysts spent their weekends ripping up their models and downgrading stocks across the board after President Donald Trump’s sweeping tariff announcement ratcheted up expectations for a downturn. Investors woke up Monday morning to find marquee names, including Starbucks Corp. and Caterpillar Inc., with their ratings, price targets and estimates slashed. Wall Street didn’t spare
Starbucks, Goldman stocks downgraded as Wall Street frets over tariffs Read More »
Donald Trump promised sweeping tariffs when he ran for president. And now he’s delivered them — shocking Wall Street, which thought he was merely talking tough. The 10% tariff on all global goods, and the far higher taxes aimed at China, Japan, Vietnam, and Europe, are already destabilizing the global economy. Canada and Mexico faced
On Politics: Trump tariffs are a blow to New York Read More »
