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Tag: Bloomberg


1 Percent ‘Literally Rich Beyond Measure’

Wealth hidden by tax shelters and non-responses to questionnaires is so undercounted that “correcting for similar lapses in income data almost erases progress made from 1988 to 2008 in narrowing the gap between the world’s rich and poor,” Bloomberg contributor Jeanna Smialek reports that a body of research has found.

Posted on Aug 7, 2014 READ MORE



The Making of a Monster Merger: Comcast-TWC Edition

Comcast has proposed a $45.2 billion takeover of Time Warner Cable that could create a corporate beast of disastrous proportions.

Posted on Feb 13, 2014 READ MORE



Wikimedia Commons

Gore Vidal’s ‘Burr’: A Tea Party Antidote

In 1973, Gore Vidal published a novel that struck at the ankles of the notion that the United States is a country founded by altruistic do-gooders whose highest ambition was the creation and protection of the Constitution.

Posted on Aug 18, 2012 READ MORE


Karl Rove Plots His Return

Bloomberg Businessweek’s assistant managing editor, Paul Barrett, has written an article called “Karl Rove: He’s Back, Big Time,” about the torrent of campaign funds Rove has scared up for Republicans in the November elections.

Posted on Jul 26, 2012 READ MORE


New York City Homelessness Rises Under Bloomberg

This spring more than 43,000 people, including a record 17,000 children, slept in New York City homeless shelters each night. The average length of a family’s stay in a shelter has increased to nearly one year, with the number of people sleeping in shelters currently at an all time high.

Posted on Jun 12, 2012 READ MORE


Muslim Group Challenges NYPD Surveillance With Lawsuit

Revelations about the NYPD’s surveillance of Muslims across the Northeast has prompted eight Americans in a Muslim advocacy group to file a suit demanding the department stop its monitoring and intelligence gathering program. “Democracy Now!” speaks with Glenn Katon (above), the group’s legal adviser.

Posted on Jun 7, 2012 READ MORE



david_shankbone (CC BY 2.0)

High Time to Decriminalize in New York

In response to an inflated arrest rate under the NYPD’s stop-and-frisk practice, Mayor Michael Bloomberg and the police chief have endorsed legislation put forward by Gov. Andrew Cuomo that would ease the penalty for possessing small amounts of marijuana in public.

Posted on Jun 5, 2012 READ MORE


‘Left, Right & Center’: The Big Gulp

May’s pathetic jobs report put markets in a tizzy; Obama appeared both tough and moral in a behind-the-scenes New York Times look at his counterterrorism approach; NYC Mayor Bloomberg proposed a ban on large-size sodas.

Posted on Jun 2, 2012 READ MORE


Slurpico

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Posted on Jun 2, 2012 READ MORE



section215 (CC BY 2.0)

Bloomberg Decides What the Poor Can Drink

To combat obesity, New York City’s “miniscule megalomaniacal martinet” mayor (in the words of one New York Post commenter) has proposed a citywide ban on the sale of sodas over 16 ounces almost everywhere sugary drinks are sold. Guess who’s going to be affected.

Posted on May 31, 2012 READ MORE



david_shankbone (CC BY 2.0)

Billionaire Bloomberg Vetoes Living Wage Bill

New York City Mayor Michael Bloomberg wants to live in a better world. That’s why he vetoed a law that would have raised the minimum wage for a measly few hundred or so working New Yorkers to at least $10 an hour.

Posted on Apr 26, 2012 READ MORE



bbc.co.uk

Truthdigger of the Week: Greg Smith

Yes, as a high-level executive for Goldman Sachs for more than a decade, Greg Smith was part of the toxic culture he decried in the resignation letter printed in Wednesday’s New York Times and re-posted around the world. Thus, he was part of the problem.

Posted on Mar 15, 2012 READ MORE



AP / Mary Altaffer

Did the NYPD’s Spying on Muslims Violate the Law?

ProPublica interviews co-director of the Liberty and National Security Program at NYU School of Law Faiza Patel to explore whether New York police crossed the line.

Posted on Mar 1, 2012 READ MORE



AP / Charles Dharapak

NYPD Snooping on Muslims Contradicts Bloomberg Claims

An AP report detailing NYPD surveillance of a New Jersey Muslim community conflicts with Mayor Michael Bloomberg’s claims about how police operate.

Posted on Feb 23, 2012 READ MORE



Zuccotti Park Reoccupied

Barricades in Zuccotti Park have finally come down, causing protesters to immediately reoccupy; in the face of budget cuts, some teachers opt to work for free; meanwhile, Kopimism, a new religion based on file-sharing, emerges. These discoveries and more after the jump.

Posted on Jan 10, 2012 READ MORE



Ohio AFL-CIO (CC-BY)

Chalk One Up for the 99%

On the evening of November 8th, Occupy Wall Street, the populist uprising built on economic justice and corruption-free politics that’s spread like a lit match hitting a trail of gasoline, notched its first major political victory in the unlikeliest of places: Ohio.

Posted on Nov 26, 2011 READ MORE



bogieharmond (CC-BY)

Still Occupied

Occupy Wall Street may not occupy Zuccotti Park anymore, but it refuses to surrender its place in the national discourse.

Posted on Nov 20, 2011 READ MORE



Flickr / _PaulS_ (CC-BY-SA)

OWS: The Start of Something Big

The Occupy Wall Street movement isn’t just some lefty rejoinder to the tea party, even though the two political phenomena have been subject to comparison over the last two months, but at least one prominent tea partyer joins a host of scholars and analysts in suggesting that OWS is about far more than ... (more)

Posted on Nov 18, 2011 READ MORE



Code Pink (CC-BY-SA)

AIG Chairman Looks Down His Nose at OWS

The chairman of AIG, which is now majority owned by the United States Treasury thanks to a $182.3 billion bailout, was on Bloomberg TV, appropriately enough, when he declared that the “Occupy Wall Street crowd” has “a very simplistic view of things.”

Posted on Nov 16, 2011 READ MORE



Runs With Scissors (CC-BY)

NYC Campaign Fundraiser Arrested on Alleged Fraud

A fundraiser for New York City Comptroller John C. Liu was arrested Wednesday morning on suspicion of misrepresenting the origins of campaign donations. The arrest bodes poorly for Liu—the city’s chief officer in charge of revenue and audits, pictured above—who is considered a possible successor to Mayor Michael Bloomberg.

Posted on Nov 16, 2011 READ MORE


‘Democracy Now!’: Inside the Zuccotti Park Raid

Around 1 a.m. on Tuesday, New York City police forces rolled up to Occupy Wall Street’s Zuccotti Park encampment and started pushing protesters out and removing their belongings via dump trucks. “Democracy Now!” sent a camera crew to the scene ... (more)

Posted on Nov 15, 2011 READ MORE


War Is Started

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Posted on Nov 15, 2011 READ MORE    



nypost.com

Murdoch’s Post Declares War on OWS

This week, the media magnate’s notorious New York tabloid ran three consecutive covers that together branded Wall Street protesters as lazy, vicious beasts. Salon suggests the insults probably mean the occupiers are doing something right. (more)

Posted on Nov 5, 2011 READ MORE


OWS Prepares to Occupy the Winter

The surprising October snowstorm Saturday showed that winter’s chill is fast descending on protesters encamped in New York City’s Liberty Plaza. Will they stay or will they go? We’ll find out in the weeks to come, but for now, Wall Street’s occupiers and their supporters seem determined to keep the movement alive. (more)

Posted on Oct 30, 2011 READ MORE



AP / Mark Lennihan

Goldman Sachs Sags in Third Quarter

Even bad news has a way of turning around fast for Goldman Sachs. The financial giant was forced to concede Tuesday that it did not, for once, defy the laws of market physics as it has done even in the throes of the ongoing recession (you can keep your sketchy recession timeline, New York Times), and that it had ... (more)

Posted on Oct 18, 2011 READ MORE



Alexander Reed Kelly

Ketcham Points Protesters Toward the Populists

Christopher Ketcham’s essay “The Reign of the One Percenters,” which we linked to a few weeks ago, shows how long-standing American individual and group behavior visible nationwide is profoundly determined by inequitable consumer capitalism. With the occupation of Wall Street gaining momentum, Ketcham revisits the subject to offer protesters some historical perspective. (more)

Posted on Oct 15, 2011 READ MORE



eaghra (CC-BY)

Koch Industries Is Awash in Money and Misdeeds

Contracts won with bribes, falsified safety and emissions reports, price fixing, illegal dealings with Iran and stolen oil. Bloomberg has compiled a detailed litany of loosely related bad behaviors by the managers of Koch Industries and its subsidiary companies. (more)

Posted on Oct 3, 2011 READ MORE



Flickr / wallyg

Wall Street’s Not-So-Little Secret

In 2008, the 10 biggest U.S. banks and brokerage firms took $829 billion in emergency loans from the U.S. Treasury and the Federal Reserve. Until now, who got what had been a secret. ... (more)

Posted on Aug 28, 2011 READ MORE


Sony Makes a Play for Apple’s Online Music Empire

The seeming stranglehold that Apple’s iTunes has had on the online music market could be challenged, or at least loosened, by the imminent release of a competitor from Sony this quarter. Author, scholar and Truthdig contributor Aram Sinnreich ...

Posted on Jan 25, 2011 READ MORE



YouTube

Jon Stewart: Shades of Edward R. Murrow?

Although he has repeatedly insisted that his is not the role of a straight-up journalist and that he has no designs on a conventional political career, that doesn’t stop people like New York Mayor Michael Bloomberg from casting Jon Stewart in a nobler light ...

Posted on Dec 27, 2010 READ MORE


Love Thy Neighbor

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Posted on Oct 18, 2010 READ MORE    



Reuters

Home Sales Hit the Skids

More evidence that the economy is still very shaky came Tuesday in the form of news about a startling dip in sales of existing single-family homes during July, which marked the lowest point in that market in 15 years.

Posted on Aug 24, 2010 READ MORE



AP / Gregory Bull

Possible Cause of Death: Privatization

When a branch fell from a tree at the Central Park Zoo, killing a 6-month-old baby, Mayor Michael Bloomberg declared it “an act of God.” But in all likelihood it was the act of a mayor.

Posted on Jul 15, 2010 READ MORE


Elmo

Fighting Swine Flu With Elmo, Obama

As American schoolkids clamber back onto buses and funnel into classrooms, the federal government is working on ways to squelch the swine flu virus, which may not be as ferocious as health officials first feared but is proving to be pretty tenacious. President Obama, as well as a familiar red fuzzy friend, are on the case in this clip from The Associated Press.

Posted on Sep 1, 2009 READ MORE


N.Y. Terror Suspects Were ‘Homegrown’

The four men arrested Wednesday night for allegedly planning to bomb two synagogues in the Bronx and gun down military planes were “not connected to another terrorist group,” New York Sen. Charles Schumer said in a statement Thursday.

Posted on May 21, 2009 READ MORE


Colbert

A Nation of Narcissists

Is American exceptionalism just a euphemism for nationalized narcissism? Are narcissists to blame for the cataclysm on Wall Street? Stephen Colbert takes a read on the national zeitgeist and brings in Slate columnist Emily Yoffe to declare that certain public figures might suffer from narcissistic personality disorder. Let the armchair diagnosing commence!

Posted on Mar 31, 2009 READ MORE



White House / Eric Draper

Schwarzenegger Thought About Ditching the GOP

Arnold Schwarzenegger’s biographer has revealed that the California governor recently thought about leaving the Republican Party, but decided he wouldn’t gain much by doing so, politically. Camp Schwarzenegger has yet to respond, but the news fits, given the governor’s problems working with his own party.

Posted on Feb 24, 2009 READ MORE


Gaza Morgue Runs Out of Room

Shifa hospital in Gaza has struggled to keep pace with Israel’s punishing airstrikes. Bloomberg reports that the hospital’s morgue has three bodies crammed in each drawer, with dozens more lying on stretchers.

Posted on Dec 29, 2008 READ MORE


Obama
youtube.com

Stimulus Package May Await Obama on Jan. 20

Congress is planning to give Barack Obama some serious motivation to jump right into the job on Inauguration Day, with two key lawmakers saying they plan to have a major economic stimulus package waiting for him on Jan. 20.

Posted on Nov 23, 2008 READ MORE


Obama

Obama and McCain Roast Each Other With a Smile

After enduring many grueling weeks of campaigning and three tense debates, John McCain and Barack Obama turned up in tuxes for Thursday night’s Alfred E. Smith Memorial Foundation Dinner at the Waldorf-Astoria in New York to cut loose and try out some lighter material on a crowd ready to laugh, and they laughed as well—at themselves and (especially) at each other.

Posted on Oct 16, 2008 READ MORE



RJ Matson, St. Louis Post-Dispatch

Stop Exploiting 9/11

Let this be the last time. Please, let it be the last. Let this be the last commemoration of the terrorist attacks of Sept. 11, 2001, to be used as any sort of backdrop for political theatrics, even if the show is bipartisan.

Posted on Sep 10, 2008 READ MORE



Flickr / tasteful_tn

Wal-Mart Rethinks Gun Policy

A year after the Virginia Tech massacre, the world’s No. 1 gun merchant has agreed to tighter controls over firearm sales. One-third of Wal-Mart stores will no longer sell guns, another third will have stricter rules, and the other third ... well, baby steps. Needless to say, the National Rifle Association is outraged.

Posted on Apr 16, 2008 READ MORE


Bloomberg Says He Won’t Run

New York Mayor Michael Bloomberg writes in a New York Times op-ed “I am not—and will not be—a candidate for president.” Thus ends months of speculation on whether the multibillionaire would jump into the race as an independent candidate. Bloomberg writes that he may endorse a candidate who “takes an independent, nonpartisan approach” and “embraces practical solutions that challenge party orthodoxy.” Is he talking about Ralph Nader?

Posted on Feb 27, 2008 READ MORE


The Candidate of the Permanent Will

To the consternation of news bureaus, political consulting firms and has-been politicians, The Wall Street Journal’s poll last month shows that America is hostile to an independent presidential candidacy by Michael Bloomberg.

Posted on Feb 15, 2008 READ MORE


Bloomberg: Climate Threat Deadlier Than Terrorism

Although some politicians and media pundits who lean toward the right of the political spectrum regard global warming as an overhyped pet issue that mostly gets liberals hot under the collar, New York City mayor and media baron Mike Bloomberg (who’s moved around quite a bit on said spectrum) suggests that it is potentially much worse than the threat of terrorism. He made the comment Monday at a U.N. climate change conference.

Posted on Feb 12, 2008 READ MORE


How Much Is That Superpower in the Window?

The satirist reports that New York Mayor Mike Bloomberg is still trying to decide whether to buy the U.S. presidency, with the sticking point being the steep price.

Posted on Jan 21, 2008 READ MORE


2008’s News Before It Happens

The humorist looks into his crystal ball and tells us what to expect from the candidates, George W. Bush and even Monica Lewinsky.

Posted on Jan 11, 2008 READ MORE


Obama’s Success Makes a Bloomberg Campaign Moot

Barack Obama’s determination to unite Americans and his strong electoral showing in Iowa, fueled in no small part by independents, have taken the wind out of Michael Bloomberg’s sails. The New York mayor has been, by some accounts, considering an independent run for president, but now there just doesn’t seem to be much of a point.

Posted on Jan 7, 2008 READ MORE


Why Bloomberg?

A presidential run by the New York mayor would be a monument to egotism.  Even worse, it might prevent the nation from ridding itself of today’s destructive policies.

Posted on Jan 2, 2008 READ MORE


Obama and Bloomberg
wcbstv.com

Obama, Bloomberg in Mysterious Rendezvous

Barack Obama shared an emptied restaurant and about 45 minutes of conversation with New York mayor and potential presidential bombshell Michael Bloomberg on Friday. A Bloomberg aide implied the meeting was more about sharing ideas than about political aspirations, but at the very least it was a challenge to Hillary Clinton, who would love to have New York and its power brokers all to herself.

Posted on Nov 30, 2007 READ MORE


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