Today’s sudden revelation that J.P. Morgan lost $2 billion†had a lot of mouths hanging open, and while the detail’s of the company’s wagers gone wrong aren’t all present, Attorney General Eric Schneiderman argued on MSNBC that the case demonstrates the need of strengthening financial regulations.
“People talk about principles,” Mr. Schneiderman said. “There’s one principle: Unregulated markets always crash. Unregulated markets always produce massive losses on risky bets.”
Good government groups and Asian-American advocacy organizations are going to be hosting a candidate forum in a week and a half for New York’s 6th Congressional District, and one name on the flier stands out a little: Green Party candidate Evergreen Chou.
While his candidacy itself has already been well-established, Mr. Chou stands out in some other ways. For example, the lead line on the profile on his campaign website states, “Evergreen is an OX for the People, a phrase that symbolized a honest politician.” Another unique part reads, “Evergreen and his wife DayStar, have been married for 23 years.”
While in California this morning, President Barack Obama played a game of basketball this morning with members of his staff and some A-Listers including George Clooney and Tobey Maguire, according to the White House press pool. President Obama spent the night in Beverly Hills after the star studded fundraiser Mr. Clooney hosted for him last night. Continue reading “President Obama: Ballin’ In Hollywood”→
The measure brought howls of protest from conservatives and from Long Island Rep. Peter King, and it ultimately went down to defeat.
This morning, Liz Crowley, a City Councilwoman from Queens who is running for the Congressional seat formerly held by Gary Ackerman sent out a statement saying that she opposed her would-be Democratic colleagues’ efforts.
“Withholding federal funding from our police department because our cops have done their jobs is wrong,” Ms. Crowley said. “The NYPD has acted lawfully to protect New Yorkers from very real terrorist threats. Voting for this measure frustrates the NYPD’s efforts to keep us safe. We need to work on expanding funding for the NYPD in a dangerous world, not cutting it off.” Continue reading “Crowley Rebukes House Dems On NYPD Surveillance Vote”→
Now, Gothamites can find out if there will be a Citi Bike station on their corner, as the city’s Department of Transportation has just unveiled the preliminary map for its new 600-station, 10,000-bike strong bike sharing network.
The Observer cannot quite walk out our door and hop on one of the new bright blue rigs, but there is a station one block north and south of our offices, an arrangement that seems to be the norm for a system stretching from 60th Street to Atlantic Avenue. These bikes will be everywhere.
Well, unless you’re a townhouse dweller. Read More
Ms. Kurland is running for the seat currently held by City Council Speaker Christine Quinn, after running a tough primary against her in 2009. Ms. Quinn is barred from seeking re-election due to term limits.