Michael Bloomberg this morning warned the politicians vying to replace him in 2014 that one of their key responsibilities as mayor will be to "earn the respect of the business community."(1)
Whatever criticism there has been of Mayor Michael Bloomberg's efforts to fix problems with the city's housing, homelessness, schools and rates of gun violence has been tempered by the idea that he showed boldness by staking his reputation on tackling those issues in the first place.
In New York, Romney super PAC raises from private equity, a disaffected Obama donor and a math tutor
Restore Our Future, the super PAC backing Mitt Romney, reported today that it raised just under $5 million in the month of May.
Bloomberg says JPMorgan's loss is a 'hiccup,' and there's nothing wrong with working in private equity
Mayor Michael Bloomberg, who famously paid a solidarity visit to Goldman Sachs after a longtime staffer wrote a damning resignation letter in the New York Times, once again came to Wall Street's defense at a press conference today about the city's growing tech sector.
Kizenko, 45, is a bit of a novelty, which explains some of the national and international attention that has attended his new venture. He worked in finance, mostly in Russia, and eventually became Goldman Sachs’ chief equity trader in their Moscow offices.(1)
Mayor Michael Bloomberg, at least, feels for Goldman Sachs.
"I just wanted to say to the people at Goldman, ‘Look, I’ve never worked at Goldman, but there’s an awful lot of people there that work very hard,'" said the mayor during his regular Friday morning appearance on the John Gambling radio show. "They pay taxes. They live in this city. And we want to have more companies come and locate here.’"
As part of a two-day swing through New York next month, Mitt Romney will host a Wall Street fund-raiser in Manhattan on the morning of March 15.
The host committee includes James Herring, John Waldron and Muneer Satter of Goldman Sachs; Nick Pappas, Barry Bausano and John Eydenberg of Deutsche Bank; and J. Christopher Giancarlo and Michael Gooch of the GFI Group, according to one person who was invited (but declined to give the exact location for fear of inviting Occupy Wall Street protesters).
Video of 'Times' photographer's confrontation with police touches off another exchange between NYPD and local media
"We are disappointed that the result and first step of our recent meeting with Com. Kelly, the directive he issued reiterating that the police are not supposed to be interfering with the media’s doing their jobs and covering newsworthy events, has apparently not been followed or implemented on the ground," an attorney for the Times told us today in emailed comments that he said reflected the gist of the letter. "The World Financial Center video indisputably shows an officer bobbing and weaving for no other purpose than to block a Times freelancer’s ability to photograph police actions."(4)
In video, confrontation between a 'Times' photographer and the NYPD at Occupy Wall Street protest downtown
It still seems like not all New York Police Department officers got that memo from their boss a few weeks ago warning them not to interfere with members of the media during police actions such as those that have been ongoing as a result of the Occupy Wall Street protests.
In this video, police are shown getting physical with and intentionally blocking the shots of a credentialed photojournalist covering today's demonstration at the World Financial Center.(1)
"I would differ with respect to blame here," said Koch, who prefaced his remarks by saying how much he liked the private sector. ("I'm not an enemy of Wall Street. I'm reasonably wealthy and it came as a result of me staying in the stock market. I love the stock market.")
"Let's take Goldman Sachs," said Koch. "It's fined by the S.E.C. $550 million. What the hell do they care. That's the cost of doing business. Citigroup, fined $285 million. What do you think they got fined for? Schmutz on the sidewalk?
"They got fined because they abused their relationship with their clientele," said Koch. "And I want to see somebody, and I haven't seen it happen yet, some C.E.O., some F.O. C.F.O., I want to see one of them from a major corporation punished, criminally. They beggared the people in this country. More than $2 trillion was lost in the great recession.(3)
How does a retail investor like you get things right in this ever changing landscape of groupings—with new clubs like the MIST (Mexico, Indonesia, South Korea, Turkey) and the Next Eleven or N-11 (Bangladesh, Egypt, Indonesia, Iran, Korea, Mexico, Nigeria, Pakistan, Philippines, Turkey and Vietnam) vying for our attention?
The answer is through diversification, reasonable volatility, and risk-taking. They’re found in just the right doses in three groups that the global investment cognoscenti has only begun to whisper about: THORs, MAGNETOs, and MISSKITTYs.(1)
The students, who signed up for Columia B school to be fast-tracked into high-paying positions on Wall Street, clearly haven't regarded the crisis as something that actually changes all that much for them. Among business school attendees, President Obama's call for the flower of America's youth to choose engineering instead of finance, and warnings by experts that the garish, pre-meltdown levels of executive compensation couldn't last, have been met with a robust skepticism, or at least an unwillingness to let any of it affect their pursuit of a Wall Street salary.