HOTTEST
Paperwork submitted in Rudy Giuliani’s filing for bankruptcy protection reveal the daunting extent of debts faced by the former New York mayor turned Trump lawyer. It is a mountain added to this week by a $148m award to two former Georgia election workers.Giuliani, 79, claimed Ruby Freeman and Wandrea “Shaye” Moss were involved in electoral fraud as part of Joe Biden’s victory over Donald Trump in 2020.His claims were debunked and the women sued for defamation. Their award was determined last week, a decision Giuliani called “absurd”. This week a judge said the women could collect immediately. Freeman and Moss also sued Giuliani again, to stop him repeating his claims.The $148m award was included in a Chapter 11 bankruptcy filing made by Giuliani in the southern district of New York on Thursday.Other sums over $1m were also listed.They include claims from Daniel Gill, a New York man who last year slapped Giuliani on the back and asked, “What’s up, scumbag?” and was subsequently charged with assault, who has sued for $2m this year.Davidoff, Hutcher & Citron, a law firm, claims $1.36m. That suit, over unpaid fees, was lodged by Robert Costello, Giuliani’s longtime lawyer, in September.Other claims were listed as “unknown”. Among them is a claim from Noelle Dunphy – a former associate who sued Giuliani in May for $10m, alleging “abuses of power, wide-ranging sexual assault and harassment, wage theft and other misconduct”. Another claim is from Hunter Biden, Joe Biden’s son, who sued in September, alleging “total annihilation” of his digital privacy through attempts to tie his legal and personal problems to his father, through claims about a hard drive and laptop computer.Claims from the voting machine companies Smartmatic and Dominion Voting Systems, in lawsuits over false allegations of electoral fraud, are also listed as “unknown”.Other claimants listed in the five-page filing are: Eric Coomer, a Dominion employee (for an unknown sum); BST & Co, New York accountants ($10,000); the Internal Revenue Service (income tax claims at $521,345 and $202,887); Aidala, Bertuna & Kamins, a law firm Giuliani hired in 2021 after the FBI raided his apartment ($387,859.98); Momentum Telecom ($30,000); and the New York state department of taxation and finance ($204,346 and $61,340).skip past newsletter promotionafter newsletter promotionIn other paperwork, Giuliani said he had as many as 49 creditors and owed between $100m and $500m. His assets were estimated at between $1m and $10m.Giuliani’s spokesperson and adviser, Ted Goodman, said: “The filing should be a surprise to no one. No person could have reasonably believed that Mayor Rudy Giuliani would be able to pay such a high punitive amount” as awarded in the Georgia defamation case.Chapter 11 bankruptcy protection, Goodman added, “will afford Mayor Giuliani the opportunity and time to pursue an appeal, while providing transparency for his finances under the supervision of the bankruptcy court, to ensure all creditors are treated equally and fairly throughout the process”.David Axelrod, a former aide to Barack Obama turned political commentator, tweeted: “Giuliani files for bankruptcy protection but there is no escape from MORAL bankruptcy, which will be his lasting legacy.” More
But consumer spending unexpectedly slowed, complicating the central bank’s plans for interest rates.Getting inflation under control since the worst surge in decades has been a bumpy process in recent months. New data on Friday showed a little progress, but also an unexpected pullback in consumer spending, complicating the path forward for the Federal Reserve as it debates when to restart interest rate cuts.The central bank’s preferred inflation measure, released on Friday, climbed 2.5 percent in January from a year earlier, slightly lower than the previous reading of 2.6 percent but still well above the central bank’s 2 percent target. On a monthly basis, prices increased 0.3 percent, in line with December’s pace.The “core” personal consumption expenditures price index, which strips out volatile food and energy costs and is closely watched as a gauge for underlying inflation, rose another 0.3 percent in January. Compared to the same time last year, it is up 2.6 percent, data from the Commerce Department showed. In December, it rose at an annual pace of 2.8 percent.The inflation figures were in line with what economists had expected and underscored the Fed’s decision to proceed cautiously with interest rate cuts after making adjustments in the second half of last year. The interest rate set by the Fed stands at 4.25 percent to 4.5 percent.Spending fell 0.2 percent in January, led by a drop in spending on cars and other goods. Economists had expected a 0.2 percent increase overall, following a 0.8 percent increase in December. Once adjusted for inflation, spending dropped by 0.5 percentage points, which is the sharpest monthly drop in almost four years.Thomas Ryan, an economist at Capital Economics, attributed the decline in part to “unseasonably severe winter weather,” but warned that the Fed’s job will become “trickier if January’s sharp decline in consumption was a sign of consumer strength buckling.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More
Mr. Nelson, 38, won a Democratic primary runoff on Tuesday in a blue district. He talked to The New York Times about the significance of being the first — but why he never focused on it on the trail.Only two states in the nation, Louisiana and Mississippi, have never elected an openly L.G.B.T.Q. lawmaker.Now, there will be only one.On Tuesday, Fabian Nelson won a Democratic primary runoff in Mississippi’s 66th state House district, southwest of Jackson, where Republicans have no candidate on the ballot.Mr. Nelson, 38, was raised in the Mississippi Delta by politically active parents. And while he said he believed having a gay man in the State Legislature was significant, the historic nature of his campaign was never his focus.When he campaigned in South Jackson, he talked about the city’s water crisis and about crime. When he campaigned in rural areas, he talked about broadband access and economic development.“You can’t sit in the Capitol and have the same conversations you were having before we were at the table,” Mr. Nelson said.Lucy Garrett for The New York TimesThe New York Times spoke with Mr. Nelson after his victory. The interview has been edited and condensed.Q. Tell me about yourself — your background, your family, what made you decide to run for office.A. I come from a very politically motivated family. My father is a leader in the community, and he worked with a lot of our elected officials.I remember going to the voting precinct with my mom any time she voted. I saw my parents every single day fighting to help people in the community, whether it was helping people pay their rent, helping people pay their light bills, donating food, donating clothes.When I was in fourth grade, we went to the Mississippi State Capitol, and I remember walking in the galley to look at the floor of the House. I saw these guys in suits and these big, old high-backed chairs. I remember looking down, and I told my teacher, “One of these days I am going to sit down there.”Q. This is your second time running for this seat. What was different this time?A. The first time, I ran in a special election, so I had about a month. I’ve done work in the community, but I’ve mostly done work behind the scenes, so a lot of people didn’t know who I was. Then the special election was right when Covid hit. We really couldn’t get out there, knock on doors, meet people — I wasn’t able to do anything other than social media and put signs up.I said this time I’m going to make sure I do every single thing to get in front of every single person that I possibly can get in front of. I’m going to become a household name. That’s not going to guarantee that people are going to vote for me, but everybody in this district is going to know who Fabian Nelson is.We knocked on everybody’s door five times. The first two times I went around, I was just introducing myself. The third time, that’s when I sat down and developed a platform.Q. Mississippi is one of only two states that have never elected an openly L.G.B.T.Q. legislator. Did you know that when you started your campaign?A. Honestly, I thought Mississippi was the only one. I didn’t know that it was Mississippi and Louisiana. Mississippi, we’re always the last to do the right thing. I said, So we’ve got to beat Louisiana this time so we won’t be No. 50. Now I’m happy to say we’re No. 49.Q. What does it mean to you to be the first in Mississippi?A. I have talked to so many people that say: “We are now hopeful. We feel like we’re in a new place.”What I want people to understand is Mississippi now has somebody that’s going to fight for every single person. I’m going to fight for people in District 66 — those are the people I represent. The issues I’m going to fight for are my platform issues. However, when anti-L.G.B.T.Q. legislation comes up, which I know it will, I am going to fight that every single day.I’m not only going to the Capitol to fight against anti-L.G.B.T.Q. bills. But we cannot have any group discriminated against. It’s OK to disagree with a person, it’s OK to disagree with a person’s lifestyle, but it is not OK to impose on that person’s civil liberties and civil rights. If we look back in our African American community, slavery was pushed because it’s in the Bible. That’s what was used to keep my people oppressed. And so there’s no room for oppression of any group of people.Q. Politically, this is such a complicated time in that there’s this flood of anti-L.G.B.T.Q. legislation, and at the same time we’re seeing increased representation in government and public life. How do you navigate that?A. You’ve heard the saying that when you don’t have a seat at the table, you’re what’s for lunch. We’ve been for lunch for so long. The thing is, our politicians can come out and stand on the steps of the Capitol and say, “Oh, we love the community, we’re going to do everything we can to help you, we’re going to fight for you, love, love, love,” then go in the Capitol and close the door — you don’t know what they’re saying. And then the next thing you know, we’ve got a harmful piece of legislation coming out.Now that they have someone sitting at the table, they’re not going to be able to continue along that path. It makes it so much harder. Once we started getting African Americans elected into office, that’s when we started to see things change, because you can’t sit in the Capitol and have the same conversations you were having before we were at the table.Q. Did this come up when you were campaigning? Was it something you talked to people about?A. My campaign was strictly focused on the issues of District 66, because at the end of the day, I represent District 66, and I represent the issues that are germane to District 66. My platform wasn’t, “I’m the first openly gay guy,” because that doesn’t help anybody. It doesn’t make me a better lawmaker or a worse lawmaker. People voted on someone who had experience, people voted on someone who’s going to make a positive impact within our community, and people voted for a fighter.But I come from a family of firsts — my grandmother being the first African American nurse [at a hospital in Yazoo City, Miss.], my dad being one of the first African Americans to graduate dental school from Virginia Commonwealth University.And so I said, I have to raise the bar some type of way. My children are going to have to really raise the bar. More
In the week leading up to the Met Gala, tabloids volleyed predictions about Taylor Swift’s possible attendance: She would be there with her football player boyfriend, Travis Kelce! Actually, she wouldn’t! She might go but leave Mr. Kelce at home!On Monday night, fans finally got their answer. The party of the year would have to go on without Ms. Swift.Other notable absences from the red carpet: Beyoncé, who had not been expected to attend, and Rihanna, who seemed poised to be the closing act of fashion’s annual parade of one-upmanship.Last year, every other guest had walked the carpet — as had one uninvited cockroach — before Rihanna arrived at 10:15 p.m., wrapped in Valentino camellias that she said made her feel “expensive.”Rihanna, 36, who swung from pop stardom into a prosperous second act as a lingerie and makeup mogul, told Extra TV earlier in the week that she had planned on attending the gala. People magazine reported on Monday that the singer had come down with the flu.The singer had become one of the most hotly anticipated presences on the Met’s steps. Her turn as a miniskirted pope in 2018 touched off an internet frenzy, and the 55-pound, daffodil yellow gown she wore in 2015 helped earn its designer a slot on the haute couture schedule in Paris.The gala’s influence as a joint advertising opportunity for brands, sponsors and celebrities depends in part on the level of star power that is willing to show up. The gala still attracted boldface names this year, including Zendaya and Jennifer Lopez, but many fans online said that the lack of Rihanna had been a blow. (Some even circulated images of the singer hitting the carpet that appeared to have been created by artificial intelligence.)Rihanna has been a frequent presence at the gala in recent years, but Taylor Swift and Beyoncé have not attended since 2016.Ms. Swift began attending the gala in 2008 and was a co-chair in 2016. In the past year she has not exactly been hurting for the Met’s spotlight: Her Eras Tour stimulated both economic and seismic activity on its yearlong (and counting) romp around the world, and her recent album, “The Tortured Poets Department,” overcame mixed reviews to become her 14th release to hit reach No. 1 on the Billboard album chart.Beyoncé attended the gala seven times from 2008 to 2016, toying with silhouette in strapless Armani and mermaid-style Emilio Pucci gowns. She has lately been leading a high-fashion rodeo in wide-brimmed hats and western boots while promoting her album “Cowboy Carter.”Even without showing up to the Met on the first Monday in May, Beyoncé wields immense power in the fashion sphere, Vanessa Friedman, the chief fashion critic of The New York Times, recently wrote: “She is practically a Met Gala unto herself.” More
Frustration at the caucuses, with two candidates trying to claim victory and still no final results. Source: Elections – nytimes.com More
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