Bloomberg, Michael R

Subterms

    Latest story

    125 Shares130 Views

    With $25 Million, Pro-Cuomo Super PAC Shatters Outside Spending Records

    by

    Former Gov. Andrew M. Cuomo’s candidacy has been bankrolled by the largest super PAC ever created in a New York City mayoral campaign.Former Gov. Andrew M. Cuomo has modeled himself as the candidate of working New Yorkers, but his candidacy has largely been funded by record donations from billionaires and other wealthy business interests.Fix the City, a super PAC led by one of Mr. Cuomo’s closest advisers, has raised $25 million to boost his comeback bid for mayor and bury Assemblyman Zohran Mamdani, his chief rival, in withering attack ads.The group is the largest super PAC ever created in a New York City mayoral campaign, a financial juggernaut on track to spend three times as much as Mr. Cuomo’s actual campaign legally can. The group has hired canvassers to take Mr. Cuomo’s message directly to voters, and one of its ads calling Mr. Mamdani a radical has been aired more than any other in the race.As of Monday, former Mayor Michael R. Bloomberg alone had given the group $8.3 million. DoorDash, the food delivery company, had given another $1 million; and Bill Ackman, an investor and supporter of President Trump, had donated $500,000.Some were motivated by Mr. Cuomo’s record, others more out of fear how Mr. Mamdani, a democratic socialist who wants to raise taxes on businesses and the rich, would change the city if elected.Mr. Mamdani has denounced the outside spending and has tried to incorporate it into his critique of Mr. Cuomo. He argues that the former governor is in the pocket of corporate interests and shares donors with Mr. Trump.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

    More stories

    • 138 Shares76 Views

      in Elections

      What to Watch for When the N.Y.C. Mayoral Results Come in

      by

      A winner on Tuesday night is unlikely, but not impossible. Ranked-choice voting will play a big role in the outcome. Here’s what else you should look for as votes are counted.We are unlikely to know the winner of the Democratic primary race for mayor on primary night.Polls show a close contest between two candidates, former Gov. Andrew M. Cuomo and Assemblyman Zohran Mamdani. In the ranked-choice election, voters can select up to five candidates in order of preference, and if neither man gets more than 50 percent of the first-place votes on Tuesday, a series of subsequent rounds will tally the final results based on voters’ second-through-fifth-place choices.But that count will not take place until July 1, a week after the election, because absentee, mail-in and affidavit votes, which can be important in a close race, can be received and counted up until then.Polls close in New York at 9 p.m., and first results will start to come shortly after that.Here’s what else you’ll need to know ahead of Primary Day:The math of ranked-choice votingThis is New York’s second mayoral primary election using the ranked-choice voting system. Vote counting proceeds in rounds, with the last-place candidate eliminated in each round. If a voter’s top choice is eliminated, the vote is then transferred to the voter’s next choice. Elimination rounds continue until there are two candidates left and one gets more than 50 percent of the vote.Most reliable polls suggest that neither Mr. Mamdani nor Mr. Cuomo will receive more than 50 percent of the vote in the first round of vote counting on Tuesday night. But their performances will offer a look at who has the upper hand: The closer a candidate is to 50 percent, the better chance that candidate has to win in the end.The first results to come in on Tuesday night, from a period of early voting that began more than a week ago, are likely to favor Mr. Mamdani. That’s because a jump in the number of early voters this year appears to be driven by younger voters, who tend to prefer Mr. Mamdani.Bill Knapp, a strategist and consultant for Fix the City, the pro-Cuomo super PAC that has raised roughly $25 million from billionaire donors and corporate interests, acknowledged that the first votes counted would probably not favor Mr. Cuomo.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

    • 75 Shares145 Views

      in Elections

      Why N.Y.C. Business Leaders Fear Mamdani

      by

      As voters head to the polls, the democratic socialist candidate appears to be neck-and-neck with Andrew Cuomo. That has many executives worried.Business leaders have poured money into efforts to defeat Zohran Mamdani in New York City’s Democratic mayoral primary.Victor J. Blue for The New York TimesBusiness’ Primary Day worriesBusiness leaders have plenty of global issues to worry about. But on Tuesday, another matter is hitting closer to home: the Democratic primary for New York City’s mayor.The latest poll suggested that Andrew Cuomo could ultimately lose to Zohran Mamdani, an assemblyman and democratic socialist. Executives are concerned that could have negative potential consequences for the city.Why executives fear Mamdani: While Cuomo carries baggage like his resignation as governor over a sexual harassment scandal, Mamdani is proposing ambitious and expensive ideas, like a rent freeze, free city buses and the creation of city-owned grocery stores.How he could fund them is causing agita: raising the corporate tax rate and income taxes for the city’s millionaires by 2 percent. He also wants New York to borrow $70 billion over the next decade, on top of billions in additional planned debt-raising.Cuomo has drawn support from a who’s who of the city’s business elite, including:Mike Bloomberg, who has given $8.3 million to a super PAC tied to CuomoRepublican-leaning executives like the financiers Bill Ackman (who called Mamdani “a dangerous and catastrophic choice”) and Dan Loeb, as well as John Catsimatidis, the supermarket mogulWall Street deal makers such as Blair Effron, Steve Rattner and Antonio WeissAlex Karp, the Palantir co-founder and C.E.O.“Terror is the feeling,” Kathryn Wylde, the chief executive of the Partnership for New York City, which represents top business leaders, told Andrew on CNBC on Tuesday.Mamdani opponents say businesses and top taxpayers will flee New York if he wins:“We may consider closing our supermarkets and selling the business,” Catsimatidis, who owns the Gristedes chain, told The Free Press.“I will never move from New York, but there’s a lot of other people that will and are leaving New York,” Neil Blumenthal, the co-founder and co-C.E.O. of the eyewear brand Warby Parker, also told The Free Press.Writing about wealthy elites criticizing Mamdani, Loeb wrote on X, “Another possibility is that they love New York and don’t want it to turn into a hellscape like San Francisco, Chicago or Portland.”Mamdani says he doesn’t oppose private industry. He told The Times, for instance, that he now believes the private market has “a very important role” in housing construction.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

    • 63 Shares114 Views

      in Elections

      Primary Day, by the Numbers

      by

      Here’s what to know about the primary election for mayor and a number of other posts, which will take place on the hottest day of the year so far.Good morning. It’s a very hot Tuesday. We’ll get details on today’s Democratic primary.Supporters of Zohran Mamdani and Andrew Cuomo outside the second Democratic primary debate for the New York City mayoral race this month.Anna Watts for The New York TimesAt the end of a day like today, Primary Day in New York, it’s always about numbers.There’s the number of votes the winner won by.There’s the number of people who voted.And today, there’s also a number that election-watchers usually don’t watch: the temperature.With the city under an extreme heat warning until 8 tonight, it may hit 100. That is far warmer than the last time there was a primary for mayor, in 2021. That day, the high was a seasonable 78.This time around, the heat could affect the turnout in a race that could turn on whether former Gov. Andrew Cuomo’s union supporters and paid staff members head off Zohran Mamdani’s volunteers.Here’s another number: 384,338.That’s the number of voters who don’t have to think about standing in a sweaty line at a polling site. They’ve already cast their ballots, having taken advantage of early voting, which ended on Sunday. (Here is yet another number: 78,442. That is how many voters checked in at polling places on Sunday, by far the busiest of the nine days of early voting.)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

    • 175 Shares156 Views

      in Elections

      Justice Dept. to Cut Gun-Sale Inspectors by Two-Thirds as It Moves to Downsize A.T.F.

      by

      The move is part of the Trump administration’s effort to defang and downsize the Bureau of Alcohol, Tobacco, Firearms and Explosives.The Justice Department plans to slash the number of inspectors who monitor federally licensed gun dealers by two-thirds, sharply limiting the government’s already crimped capacity to identify businesses that sell guns to criminals, according to budget documents.The move, part of the Trump administration’s effort to defang and downsize the Bureau of Alcohol, Tobacco, Firearms and Explosives, comes as the department considers merging the A.T.F. and the Drug Enforcement Administration. It follows a rollback of Biden-era regulations aimed at stemming the spread of deadly homemade firearms, along with other gun control measures.The department plans to eliminate 541 of the estimated 800 investigators responsible for determining whether federal dealers are following federal law and regulations intended to keep guns away from traffickers, straw purchasers, criminals and those found to have severe mental illness, according to a budget summary quietly circulated last week.Department officials estimated the reductions would reduce “A.T.F.’s capacity to regulate the firearms and explosives industries by approximately 40 percent” in the fiscal year starting in November — even though the staff cuts represent two-thirds of the inspection work force. The cuts are needed to meet the White House demand that A.T.F. cut nearly a third from its budget of $1.6 billion.News of the plan came as a shock to a work force already reeling from months of disruption. Several frontline agency staff members, who spoke on the condition of anonymity for fear of retribution, said the cuts would lead to hundreds of layoffs and effectively end the A.T.F.’s role as a serious regulator of gun sales, if they are not reversed by the White House or Congress.“These are devastating cuts to law enforcement funding and would undermine A.T.F.’s ability to keep communities safe from gun violence,” said John Feinblatt, the president of Everytown for Gun Safety, a nonprofit advocacy group founded by the former mayor of New York Michael R. Bloomberg. “This budget would be a win for unscrupulous gun dealers and a terrible setback for A.T.F.’s state and local law enforcement partners.”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

    • 113 Shares99 Views

      in Elections

      New York’s Deepest Pockets Turn Out to Fight Poverty

      by

      Thousands of Wall Street big shots crowded into the Javits Center Monday night for the annual Robin Hood gala. Founded in 1988, Robin Hood is one of New York’s largest anti-poverty groups, and its yearly fund-raiser lures the city’s deepest pockets for a night that results in millions in grants.A sea of men in navy jackets and brown oxfords filed through metal detectors to enter the cavernous hall, which was decked out with sports-themed decorations that included a giant inflatable basketball and baseball mitt. Thirsty bankers and hedge fund managers ordered vodka tonics and pours of Johnnie Walker Black Label at a bar housed in a soccer net. Boxers standing on small podiums jabbed at bright green punching bags that read “#fightpoverty.”After a marching band and a cheerleading squad performed, some 3,500 guests filed into an arena-like dining hall filled with hundreds of tables populated with sports, politics and finance figures. They included the National Football League’s commissioner Roger Goodell, the former N.F.L. quarterback Colin Kaepernick, the philanthropist Laurie M. Tisch and former Mayor Michael Bloomberg. Serena Williams sat beside her husband, Alexis Ohanian, one of the founders of Reddit and a Robin Hood board member.As the former New York Giants quarterback Eli Manning tucked into a plate of fried chicken, he considered the importance of giving back.“This city is filled with the people who root for me and who have rooted for me,” Mr. Manning said, “and I think all New York athletes and sports teams have a responsibility to give back.”Gov. Kathy HochulDolly Faibyshev for The New York TimesWe 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

    • 138 Shares199 Views

      in Elections

      Bloomberg Says RFK Jr. Would Be ‘Beyond Dangerous’ as Health Secretary

      by

      Michael R. Bloomberg, the former New York City mayor, launched a lengthy broadside on Tuesday against Robert F. Kennedy Jr., using his opening remarks at a public health conference to warn that installing Mr. Kennedy as health secretary would be “beyond dangerous,” and tantamount to “medical malpractice on a mass scale.”Mr. Bloomberg, speaking at the two-day Bloomberg American Health Summit in Washington, called on Senate Republicans to persuade President-elect Donald J. Trump to “rethink” his choice of Mr. Kennedy for health secretary. If Mr. Trump cannot be persuaded, he said, the Senate has “a duty to our whole country, but especially to our children,” to vote against confirming him.Mr. Bloomberg also assailed Mr. Kennedy for discouraging measles vaccination during an outbreak in the island nation of Samoa, where 83 people died.“Parents who have been swayed by vaccine skepticism love their children and want to protect them, and we need leaders who will help them do that,” he said, “not conspiracy theorists who will scare them into decisions that will put their children at risk of disease.”Mr. Bloomberg has spent billions of dollars promoting public health, both through his charity, Bloomberg Philanthropies, and through donations to the School of Public Health at Johns Hopkins University, which now bears his name. The school and the charity hosted the health summit, with the theme of “advancing public health in uncertain political times.”Like Mr. Kennedy, Mr. Bloomberg has fought battles against processed foods and has tried to promote healthy eating. But that, it appears, is where their like-mindedness ends.Among other things, Mr. Bloomberg chided Mr. Kennedy for “nutty conspiracy theories,” including making the “outrageous false claim” that the Covid-19 shot was the “deadliest vaccine ever made.” He said Mr. Trump deserved credit for Operation Warp Speed, the fast-track initiative that produced coronavirus vaccines in record time, noting that studies have shown that the vaccines have saved an estimated 20 million lives around the world.With experts warning of a possible bird flu outbreak in humans, Mr. Bloomberg said senators would face some hard questions: “With the nation facing a possible bird flu outbreak, are they really prepared to roll the dice on the lives of their constituents, by placing someone in charge of public health who has made it clear that he will prevent the approval of lifesaving vaccines?” More

    • 125 Shares149 Views

      in Elections

      A Cowed Establishment Toasts Trump at a Manhattan Charity Dinner

      by

      There were grudge matches and sycophancy in equal measure at the Alfred E. Smith Memorial Foundation Dinner. “Isn’t it just exciting, what’s going on,” Donald Trump said.Donald J. Trump and the assorted fat cats to whom he was speaking seemed to be processing many complicated emotions all at once.“You think this is easy?” the former and perhaps future president asked. “Standing up here in front of half a room that hates my guts, and the other half loves me?”There he stood, the godhead of a populist revenge movement, tucked into his satiny cummerbund, a black bow tie around his neck. It was the Alfred E. Smith Memorial Foundation Dinner in Midtown Manhattan.This charity event, held Thursday evening in the ballroom of the Hilton Hotel, has been a stop for presidential candidates ever since 1960. That’s when John F. Kennedy and Richard Nixon showed up, at the dawn of the television age, to make self-deprecating jokes while courting the Roman Catholic vote. In 1970s New York, the era in which Mr. Trump came up, the dinner was one of the glitziest events on the social calendar, attended by governors and mayors and media machers and real estate titans.In 2016, he came as a presidential candidate himself. But when Mr. Trump’s remarks about his then-opponent, Hillary Clinton, veered into nasty territory, he was booed. He and his wife, Melania Trump, slunk out of the room the second it was over.Eight years later, the dinner he returned to was not the same. Like so much else in the Trump era, the Catholic charity event had become savage, warped by blunt force politics. There were all sorts of open wounds and grudges on display among the tuxedoed and the begowned. There were sycophants and there were outcasts. You could see the ones who had submitted to Mr. Trump, sitting beside members of a gorgonized establishment still unsure how to treat him, much less stop him.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

    • 138 Shares119 Views

      in Elections

      NYPD Unwilling to Impose Discipline for Stop and Frisk, Report Says

      by

      The department’s discipline for illegal street detentions is lax at every level, according to an extraordinary review ordered by a federal judge.At every level, the New York Police Department has failed to punish officers who have violated the rights of people stopped on the street, according to a new report — a failure that reaches all the way to the top of the force.The report, the most comprehensive independent review of discipline since a landmark court decision in 2013, found that police commissioners during the past decade have routinely reduced discipline recommended for officers found to have wrongly stopped, questioned and frisked people, undermining efforts to curb unconstitutional abuses. The report, by James Yates, a retired New York State judge, was ordered by Judge Analisa Torres of Manhattan federal court and made public on Monday.Mr. Yates was assigned by the court to conduct a “granular, step-by-step analysis” of the department’s policies and discipline governing stop and frisk, a tactic of detaining people on the street that was being used disproportionately against Black and Latino New Yorkers.The 503-page document that resulted paints a picture of an agency unwilling to impose discipline on an abusive practice that has prompted criticism that the department oppresses many New Yorkers.The commissioners “demonstrated an inordinate willingness to excuse illegal stops, frisks and searches in the name of ‘good faith’ or ‘lack of malintention,’ relegating constitutional adherence to a lesser rung of discipline,” Mr. Yates writes.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