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Entries from Gothamist tagged with 'money'

May 15, 2008

The image below isn’t a rejected Rage Against the Machine album cover, but rather an ad campaign for a leading Brazilian business newspaper, Gazeta Mercantil. Designed by illustrator Pedro Izique for the São Paulo office of ad agency JWT, the print ad redesigns the Dollar, Euro and Yen with images of “some of the most important events of the last century.” For the U.S., that means 9/11, pot, oil, war and Arlington Cemetery. The slogan?......

Continue Reading "Brazilian Business Paper's Nuanced Grasp of Economics Highlighted in Ad Campaign"

May 15, 2008

Marc Jacobs, who is no angel himself, had a questionable employee managing one of his three stores in the Village. The NY Post reports that 24-year-old Kyle Avila stole approximately $62K from the designer in just 18 months. Gawker notes that the Kansas boy also once posed nude for a Jacobs t-shirt (pictured), so maybe he just felt he was due. It appears no one was the wiser at the 385 Bleecker Street shop, as......

Continue Reading "Marc Jacobs Store Manager/Model Caught Stealin'"

May 6, 2008

In her successful attempt to appeal to working class primary voters, Senator Hillary Clinton has been catching heat from Wall Street. The Sun notes that yesterday, her camp dawdled for 24 hours before correcting reports that she had asked an audience in Indiana: “Why don’t we hold these Wall Street money-grubbers responsible for their role in this recession?” The quote angered some in the financial industry; after all they're not money-grubbers, they're money-hoarders. Clinton's team......

Continue Reading "Wall Street Not Happy With Clinton's Attacks"

April 27, 2008

Charitable food banks are also suffering from the recent increases in the cost of food. Last year food banks were being squeezed by the increased demand from the city's hungry, who were finding that rising rents, fuel costs, and transportation costs were limiting the income they had to devote to food. More and more people were turning to New York's charitable food organizations to make ends meet. As the cost of living continues to increase,......

Continue Reading "Food Banks Feel Food Price Pinch"

April 10, 2008

Last year Mayor Bloomberg announced a $3 billion plan to seize 61 acres of the Willets Point district next to the forthcoming Citi Field in Queens through eminent domain, raze it, and construct 5,500 units of housing, a hotel, convention center and over 2 million square feet of office space, restaurants and retail shops. But business owners in the target zone have been fighting it, saying their ‘hood, dubbed the Iron Triangle for its chop......

Continue Reading "Willets Point Locals Sue City Over Neglect"

March 27, 2008

Surprise, surprise: Eliot Spitzer is being linked to Kristin "Billie" Davis's prostitution ring, which got busted earlier this week. Wicked Models, the East Side Madam's operation, toppled on Tuesday, and it looks like it's going to bring down some clients with it (rumor is the list is 10,000 strong). While Police commissioner Ray Kelly says the case has no relation to Spitzer, The NY Post is reporting that the ex-Governor "regularly patronized" her company and......

Continue Reading "Spitzer Allegedly Linked to East Side Prostitution Ring"

March 19, 2008

Following the announcement of a $100 million donation for the New York Public Library, The Whitney has just announced their own sugar daddy: Leonard A. Lauder. Lauder is the chairman of Estée Lauder cosmetics, and through his American Contemporary Art Foundation he'll be donating $131 million (the largest donation the museum has received in 77 years, and one of the largest ever to a New York museum’s endowment). Endowment donations are notoriously difficult to solicit,......

Continue Reading "Whitney Museum Hits Donation Jackpot"

March 11, 2008

Columbia University has a new financial aid plan for undergraduate students whose families make between $60,000-100,000. Following in the footsteps of other Ivy League schools, they will significantly expand the aid currently offered to lower and middle income students. The VP of Arts and Sciences Nicholas Dirks said, “Our new financial aid policies reflect a more realistic view of the challenges that lower- and middle-income families face in paying for college.” The new plan will......

Continue Reading "Columbia Expands Financial Aid Plan"

March 9, 2008

Word on Heath Ledger's will has hit the newswire, and according to documents filed in Manhattan Surrogate's Court, he had less than $145,000 in New York assets when he died on January 22nd. The figure includes about $100,000 in bank accounts, a $25,000 Toyota Prius and $20,000 in furniture and fixtures. Those numbers, however, do not reflect the size of Ledger's estate. There may be some property holdings in Australia and money tucked in trusts.......

Continue Reading "Ledger Drafted Will in 2003, Left Estate to Family"

March 6, 2008

Yesterday Forbes magazine, in their annual ranking of the rich, declared New York City is no longer the billionaire capital of the world. Where have all the dollar signs gone? To Moscow, of course, who beat us out by 3 billionaires (they have 74 to our 71). Most of the big buck city dwellers are familiar names: Mayor Michael Bloomberg ($11.5 billion), publishing powerhouses Samuel Newhouse Jr. and Rupert Murdoch ($8.5 billion and $8.3 billion),......

Continue Reading "The Riches Move From Manhattan to Moscow"

March 4, 2008

After his $500,000 donation to NY State Republicans was revealed, Mayor Bloomberg explained why he did it to reporters while attending a Mayors Against Illegal Guns conference, "I've said repeatedly, I will help those who help us. They have stood up for the city a number of times — when we needed to have a voice in Albany and we didn't have that voice from the Assembly or from the governor, whether it was the......

Continue Reading "Mayor Bloomberg Vs. State Democrats"

March 4, 2008

Bronx-born writer Richard Price, famous for his gritty urban novels Clockers and Freedomland, as well screenplays like The Color of Money and award-winning episodes of The Wire, has now turned his eye for detail on the turbo-gentrifying Lower East Side. Lush Life, his first novel in five years, was described by Times critic Michiko Kakutani as “a visceral, heart-thumping portrait of New York City... no one writes better dialogue than Richard Price.” The story concerns......

Continue Reading "Richard Price's Lush Life Stars Turbulent LES"

February 27, 2008

Twenty-six-year-old Lauren Cleari, the slatternly wife of cuckolded New York cop Frank Cleri, has become infamous overnight after humiliating her husband of two years on the Fox reality show “Moment of Truth.” Before going on air, contestants answer intimate questions while hooked up to a lie detector machine; later they answer some of the same questions before a raucous studio mob and their significant others, which in this case included her spouse, parents and a......

Continue Reading "Wife of NYPD Cop Humiliates Him on Fox Reality Show"

February 20, 2008

If a bank teller told you had an unknown bank account with $5.8 million in it and the bank insisted it's yours, wouldn't you spend it? That's what Brooklyn resident Benjamin Lovell did - and now he's paying. Lovell shares the same name as an employee at Delaware company Woodlawn Trustees. Woodlawn asked that their Lovell be added to a Commerce Bank account with $5.8 million in it, but Commerce somehow mixed up the Social......

Continue Reading "Same Name and Magically Appearing Millions Add Up to Big Trouble for Brooklyn Man"

February 11, 2008

Some new details from the ME's office about slain realtor to the stars Linda Stein. Toxicology tests on Stein, who was brutally bludgeoned to death in her Fifth Avenue apartment in October, show that there were "no traces of marijuana in her system," according to the NY Post. Stein's assistant, Natavia Lowery, has been accused of murdering her employer. At the time of her arrest, police had said Lowery snapped after Stein verbally abused her......

Continue Reading "No Traces of Pot in Murder Victim "

February 8, 2008

CNBC reported last night that the WGA strike may be over! Their source is former Disney CEO Michael Eisner, who now hosts a show on the network. When asked on the show Fast Money where the WGA strike stands he replied, “It’s over. They’ve made a deal, they shook hands on a deal. The deal is going on Saturday to the constituents (for a vote)… I think it’s impossible that they turn it down. A......

Continue Reading "Michael Eisner Says WGA Strike is "Over""

February 7, 2008

In a sign of these struggling economic times, more than a few New York businesses are making it clear that money is money, whatever the currency. Reuters spoke to a few business owners who explained why they are open to moneys from foreign lands. East Village Wines' Robert Chu said, "We had decided that money is money and we'll take it and just do the exchange whenever we can with our bank...[S]ome days, you'd be......

Continue Reading "Move Over, Dollar - NYC Stores Accept Euros"

January 29, 2008

Mayor Bloomberg traveled to Albany yesterday with a delicately phrased but succinct query: Where is our cash you deadbeats? Bloomberg recently explained all city agencies had to undergo belt-tightening in preparation of a downturn of the city's economy. He wasn't prepared to be short-shrifted by Albany, from where the city depends on a certain level of budgetary support. "We are not asking for anything other than our fair share. But our fair share is what......

Continue Reading "Mayor Mike to Spitzer: Show NYC the Money!"

January 17, 2008

Some of the really reassuring quotes about today's bad Thursday on Wall Street: "The problems seem to be intensifying. I can't remember a worse start to a year. We're in for some rough months.'' - John Carey, who helps oversee about $13 billion at Pioneer Investment Management in Boston, to Bloomberg “Basically every day now, you have more and more investors leaning toward the camp that yes, this is going to be a recession, and......

Continue Reading "Everyone Hates Bernanke: Dow Drops 300"

January 16, 2008

Photo of new and old Yankee Stadium by WNBC; photo of the new Yankee Stadium sign by the AP It may be the off-season, but Yankees fans can look forward to something other than February 14th (that's pitchers and catchers reporting, not Valentine's Day). With the installation of an etched sign at the new stadium for the Yankees that says "Yankee Stadium," Opening Day, 2009 seems a little closer. The sign, etched in gold-leafed......

Continue Reading "Signs Go Up at "The House That Jeter Built""

January 15, 2008

The violent mugging that turned fatal last week prompted the NY Times to compare people's attitude towards crime safety today versus those of two decades ago, when people would carry mugger money around. (When you Google "mugger money," the first thing that comes up is a 1989 NY Times article, "Even the Nun Have to Carry Mugger Money.") While many people mentioned how safe the city is these days, last week we did hear about......

Continue Reading "Flashback to the Days of Mugger Money"

January 9, 2008

Last November, Natavia Lowery's friends and family were screaming her innocence, but recently some pretty damning evidence came out about her relationship with Linda Stein, the woman she is accused of (and confessed to) murdering. Not surprisingly, the ex-Ramones manager and "realtor to the stars" had plenty of cash, but she would have had more if her trusty assistant Ms. Lowery wasn't siphoning funds. The NY Post reports that Lowery was systematically taking money from......

Continue Reading "Lowery Looted Stein's Bank Accounts"

January 6, 2008

When Harold Pinter’s masterpiece The Homecoming first premiered on Broadway some four decades ago, the dramatized hostility was met with equal hostility from the bourgeois audience, as witnessed by the playwright himself: One of the greatest theatrical nights of my life was the opening of The Homecoming in New York. There was the audience. It was 1967. I'm not sure they've changed very much, but it really was your mink coats and suits. Money. And......

Continue Reading "Opinionist: The Homecoming"

December 21, 2007

CNBC's Money Honey Money Honey Says Mind the Gap Earlier this week, while in Grand Central Terminal we heard a familiar voice reminding us to “Mind the gap.” It turns out it was CNBC “Money Honey” Maria Bartiromo. Apparently Metro-North riders aren’t the only ones who are being reminded, as the Post reports that Long Island Rail Road commuters are getting similar reminders. The recorded messages were the brainchild of MTA board member Mitchell Palli.......

Continue Reading "Television Watching: MTA, WGA, DCA, WNBC"

December 19, 2007

New Jersey police have arrested a number of members of the Lucchese crime family. In the process of breaking up a multi-billion dollar betting organization, cops discovered that the old school mafia family had also teamed up with the more street-level gang the Bloods. The two groups were working together to smuggle things like iPods, cell phones, and drugs into the East Jersey State Prison. The betting ring was fairly sophisticated, utilizing Internet sites, an......

Continue Reading "Mafia and Bloods Gang Linked in Crime Co-Op"

December 19, 2007

Isiah Thomas thinks he deserves more time. Not that much more, just two weeks, but time to show he can turn this club around. Of course, he has had four years already, but at this point who is counting? Maybe Isiah noticed that the next two weeks contain six games, but only two of those teams currently have winning records. The two-week timeframe came up as Thomas was asked what he would do to a......

Continue Reading "Did Isiah Give His Two Week Notice?"

December 19, 2007

FOOD: If you haven't been indulging enough this holiday season, have we got a sweet soiree for you. Chocoholics come together tonight to indulge in the finest goodies from around the world. Expect music, cocktails and a giant chocolate buffet. 6:30pm // Katra Lounge [247 Bowery] // $15 THEATER: The Irish Repertory Theatre has turned to Dublin native George Bernard Shaw’s comedy The Devil’s Disciple, which was his first financial success in 1897 after a......

Continue Reading "Pencil This In"

December 18, 2007

Hey, did you get your year end bonus yet? The bros at Goldman Sachs sure did, to the tune of $600K per employee, on average. Yep, $600,000 dollars, a number that stands out in a year when most Wall Street bonuses, though still obscene, are either diminished or staying even with previous years. In fact, 600K is double the average bonus paid at other firms, according to Reuters. Other banks may be wilting under fourth......

Continue Reading "Read It & Weep: The Goldman Sachs Bonuses"

December 18, 2007

It’s that time of year again when New Yorkers debate how much to tip the – deep breath – doorman, super, handyman, locker room attendant, trainer, baby sitter, dog walker, beauty salon, cleaning person, day care center, garbage collector, mail carrier, paperboy and parking attendant(s). Sewell Chan, the Times’s Man on the Web, has tied himself to the tipping post with a 1,780 word monograph on the subject, largely sourced from Doorman, a book by......

Continue Reading "Holiday Tip Time is Upon Us"

December 18, 2007

Former mayor Rudy Giuliani visited Barrington, New Hampshire store The Christmas Dove yesterday during various campaign visits in the Granite State and bought a ceramic angel. Perhaps it was an angel of mercy, as he has begun to pull back NH-related advertising in order to concentrate on the Florida primary, implicitly acknowledging that he doesn't have a chance against Republican front runner Mitt Romney and Senator John McCain, who has surged into second place......

Continue Reading "Giuliani's Campaign Heads South for Winter"
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