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    Citigroup, Goldman Sachs and others pause their political contributions.

    AdvertisementContinue reading the main storyBanks Halt Political Donations After Pro-Trump Mob Storms Capitol: Live UpdatesCitigroup, Goldman Sachs and others pause their political contributions.Jan. 11, 2021, 8:49 a.m. ETJan. 11, 2021, 8:49 a.m. ETJPMorgan Chase is halting all political donations from its PAC for six months.Credit…Justin Lane/EPA, via ShutterstockBig businesses often donate to both political parties and say that their support is tied to narrow issues of specific interest to their industries. That became increasingly fraught last week, after a pro-Trump mob stormed the Capitol and some Republican lawmakers tried to overturn Joseph R. Biden Jr.’s win in the presidential election.A flurry of companies have since reviewed political giving via their corporate political action committees, according to the DealBook newsletter.Some big banks are pausing all political donations:Goldman Sachs is freezing donations through its PAC and will conduct “a thorough assessment of how people acted during this period,” a spokesman, Jake Siewert, told DealBook.JPMorgan Chase is halting donations through its PAC for six months. “There will be plenty of time for campaigning later,” said Peter Scher, the bank’s head of corporate responsibility.Citigroup is postponing all campaign contributions for a quarter. “We want you to be assured that we will not support candidates who do not respect the rule of law,” Candi Wolff, the bank’s head of government affairs, wrote in an internal memo.Other banks, including Bank of America and Wells Fargo, said they would review their corporate contribution strategy.Some companies are pausing donations to specific politicians. Marriott said it would pause donations from its PAC “to those who voted against certification of the election,” a spokeswoman told DealBook. She did not say how long the break would last or how the bank would decide when to resume.Blue Cross Blue Shield, Boston Scientific and Commerce Bancshares are taking a similar, targeted approach to donation freezes. The newsletter Popular Information is tracking the responses of these and other companies that donated to lawmakers who challenged the election result.The suspensions coincide with the first quarter after a presidential election, which is typically light on fund-raising anyway. Efforts by some companies to pause PAC donations to all lawmakers — those who voted to uphold the election as well as those who sought to overturn it — are raising eyebrows. And companies can still give to “dark money” groups that don’t disclose their donors but often raise far more money than corporate PACs.In other fallout, the P.G.A. of America said it would no longer hold its signature championship at the Trump National Golf Club in Bedminster, N.J.; the social app Parler, popular among conservatives as an alternative to Twitter, went dark this morning after Amazon cut it off from computing services; the payment processor Stripe banned the Trump campaign from using its services; YouTube blocked Steve Bannon’s podcast channel; and the debate continues over tech giants’ influence over public speech.AdvertisementContinue reading the main story More

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    Superheroes and an Indoor Fund-Raiser: 5 Takeaways From the Mayor’s Race

    #masthead-section-label, #masthead-bar-one { display: none }The Presidential TransitionliveLatest UpdatesHouse Moves to Remove TrumpHow Impeachment Might WorkBiden Focuses on CrisesCabinet PicksAdvertisementContinue reading the main storySupported byContinue reading the main storySuperheroes and an Indoor Fund-Raiser: 5 Takeaways From the Mayor’s RaceWith a big fund-raising deadline this week, the New York City mayoral candidates are under pressure to reach benchmarks that would qualify them for matching funds.Borough President Eric Adams of Brooklyn in November. Mr. Adams skipped an indoor fund-raiser that was held for him over the weekend.Credit…Hiroko Masuike/The New York TimesEmma G. Fitzsimmons and Jan. 11, 2021, 3:00 a.m. ETWith the presidential race and the Senate elections in Georgia decided, the mayor’s race in New York City now takes center stage, with money in the starring role.The candidates are scrambling to secure donations ahead of a major fund-raising deadline this week, trying to stand out in a crowded field that will likely soon include Andrew Yang, the ex-presidential candidate.An indoor fund-raiser was held over the weekend for Eric Adams, the Brooklyn borough president, even though he has received criticism for raising money indoors during the pandemic. A Marvel superhero actor has backed Maya Wiley, a former top counsel to Mayor Bill de Blasio, who seems in danger of not qualifying for matching public funds.And at the latest mayoral forum ahead of the Democratic primary in June, the candidates sought to pitch an ambitious idea for the city and to position themselves as authentic New Yorkers.Here are five highlights from the race last week:Adams skips an indoor fund-raiser held for himThe city might be in the midst of a second wave of the coronavirus and facing the prospect of a more transmissible variant, but that has not stopped some in-person mayoral fund-raisers.On Saturday, weeks after Mr. Adams prompted an outcry for continuing to fund-raise indoors, another gathering of his donors took place — this time across the New York City border in Great Neck, Long Island, where indoor dining is still allowed. Mr. Adams did not attend the event, at an Asian fusion restaurant.Peter Koo, a city councilman who represents Flushing, Queens, hosted the event. To entice his friends to attend, he played up how Mr. Adams believes in “law and order” and wants to retain a controversial exam that determines entrance to specialized high schools, Mr. Koo wrote in a text message to friends.Peter Koo, a city councilman who represents Flushing, Queens, hosted the fund-raising event at an Asian fusion restaurant in Long Island on Saturday.Credit…Johnny Milano for The New York Times“His administration will have a diversified cabinet,” Mr. Koo also wrote, according to a copy of the message shared with The New York Times. “If elected, he said he will appoint me as one of the deputy mayors.”In an interview on Sunday, Mr. Koo said it was a mistake to include that last line and that it wasn’t true.“I am at retirement age,” said Mr. Koo, 68. “I don’t need a job. I said that just to impress on my friends, do this, help support a mayor.”Mr. Adams is officially on the same page.“That is categorically false,” said Evan Thies, Mr. Adams’s spokesman. “There have been no conversations about staff roles, nor has anyone been offered a role. Appointments will be based on only one standard: ability.”He also defended the use of indoor fund-raisers, which many campaigns have avoided.“We ask all fund-raiser hosts to follow health and safety guidelines specifically outlined by the campaign and in compliance with the law,” Mr. Thies said.Anyone with a big idea, please raise your handFor all the criticism of Mr. de Blasio’s tenure, he was successful in delivering a centerpiece of his platform: prekindergarten for all.At a mayoral forum hosted by Uptown Community Democrats last week, candidates were asked to name one big issue that they would “completely resolve” if given two terms.Ms. Wiley and Shaun Donovan, a former housing secretary under President Obama, both committed to ending street homelessness.“We need to put people in housing first — not spend $2 billion for a shelter system that frankly people are sleeping on the streets to avoid,” Ms. Wiley said.Maya Wiley has asked her supporters for donations to qualify for public matching.Credit…Gabriela Bhaskar for The New York TimesMr. Adams has proposed a bold idea that also affects school instruction, possibly to the chagrin of students: extending school year-round by shortening the summer break and adding shorter breaks during the year. He said he wants to keep students engaged over the summer, especially as families recover from the pandemic.The Presidential TransitionLatest UpdatesUpdated Jan. 11, 2021, 9:50 a.m. ETBiden will receive his second vaccine shot today.How a string of failures led to the attack on the Capitol.Citigroup, Goldman Sachs and others pause their political contributions.Scott Stringer, the city comptroller, said he wants to focus on the city’s affordability crisis and proposed a land bank to build affordable housing. Mr. Stringer says that the idea could help create more than 53,000 units of affordable housing on vacant land that is already publicly owned.“Why don’t we give that land back to the people?” Mr. Stringer said at the forum.Will the next mayor be, gasp, another Red Sox fan?The city’s last two mayors — Mr. de Blasio and Michael R. Bloomberg — grew up in the Boston area, leading to awkward exchanges over their allegiance to the Boston Red Sox.It seems unlikely that New York’s next mayor will hail from Massachusetts — especially after Corey Johnson, the City Council speaker, dropped out of the race — and more likely that Mr. de Blasio’s successor will be a genuine New Yorker.Several candidates are lifelong residents, including Mr. Adams and Mr. Stringer. Kathryn Garcia, the city’s former sanitation commissioner, and Dianne Morales, a nonprofit executive, were born in the city and graduated in the 1980s from Stuyvesant High School — a prestigious public school that has received criticism for admitting only 10 Black students last year.Mr. McGuire and Ms. Wiley grew up elsewhere, but have lived in the city for decades. Mr. McGuire was raised in Dayton, Ohio, and Ms. Wiley was born in Syracuse and raised in Washington, D.C.Mr. Yang was born in Schenectady, N.Y., but has spent most of his adult life in Manhattan. Asked if he is a Yankees or Mets fan, he responded on Twitter last year: “Mets, unfortunately.”The latest task for Marvel superheroes: fund-raisingThe candidates are facing a major fund-raising deadline on Monday that may signal whether candidates can convert buzz into tangible support.Ms. Wiley, in particular, is under pressure to prove that she is a top-tier candidate. She has been pushing hard for donations and received two celebrity endorsements over the weekend: the actors Chris Evans, best known for his role as Captain America in the so-called Marvel Cinematic Universe, and Rosie O’Donnell.Mr. Stringer has another fictional superhero on his team: the actress Scarlett Johansson, who is also part of Marvel’s “Avengers” series.Ms. Wiley has begged her supporters for donations to qualify for public matching. A candidate must raise at least $250,000 in contributions of $250 or less from at least 1,000 city residents.Ms. Wiley wrote on Twitter that her campaign team had unleashed her to be her true self. “I can win this race and be a bad-ass Black woman mayor,” she posted.Mr. McGuire has proved to be a prolific fund-raiser, and Mr. Stringer and Mr. Adams have already qualified for public funds. We will learn more on Friday, when campaign finance disclosure forms are released.Is graffiti a starter crime that could have led to the Capitol attack?As a mob of President Trump’s supporters forced their way into the Capitol on Wednesday, several of the mayoral candidates were watching and responding in real time, on social media.Carlos Menchaca, a Brooklyn councilman, demanded the immediate arrest of the “domestic terrorists.” Ms. Wiley and Mr. McGuire argued that if the mob had been Black like them, the response from the police would have been far more violent. Ms. Morales agreed.Then, at 3:36 p.m. that day, more than an hour after the mob had broken into the Capitol, Loree Sutton, a retired Army brigadier general and former commissioner in the de Blasio administration, struck a different note.She highlighted an op-ed that Cardinal Timothy M. Dolan, the archbishop of New York, wrote in The New York Post, and seemed to suggest a connection between the attack on the Capitol to “vile graffiti” that recently desecrated St. Patrick’s Cathedral.“Last month, the radicals attacked St. Patrick’s Cathedral and the N.Y.P.D.; today anarchists are attacking the U.S. Capitol … #WakeUpAmerica #StopTheMadness,” she wrote on Twitter.In an interview, she said her words, which prompted a small uproar on Twitter, were misconstrued.“My concern was, and it has been, that this kind of riotous vandalism, it can start in small ways, as you can point to with the graffiti, and then it can manifest and grow on either side,” Ms. Sutton said.Nate Schweber contributed reporting from Great Neck, N.Y.AdvertisementContinue reading the main story More

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    Major Technology Companies Join List of Biden Inaugural Donors

    #masthead-section-label, #masthead-bar-one { display: none }The Presidential TransitionliveLatest UpdatesMoves to ImpeachHow impeachment Might WorkBiden Focuses on CrisesHow Mob Stormed CapitolAdvertisementContinue reading the main storySupported byContinue reading the main storyMajor Technology Companies Join List of Biden Inaugural DonorsThe inaugural committee did not disclose how much it has raised so far for the event, which is to be scaled down because of the pandemic.Preparation for the inauguration at the Capitol this week. Details on the inauguration schedule still have not been released, and planning for the event has also been affected by the storming of the Capitol.Credit…Anna Moneymaker for The New York TimesEric Lipton and Jan. 9, 2021, 10:16 p.m. ETMajor technology companies like Google and Microsoft, as well as telecommunications giants like Comcast and Verizon, are among the nearly 1,000 people and groups that have donated at least $200 to the committee organizing President-elect Joseph R. Biden Jr.’s scaled-back inauguration celebration this month.The donor list, released Saturday evening by the committee, was filled mostly with individual donors, including major givers to Democrats such as Arthur Blank, the owner of the Atlanta Falcons; Richard C. Blum, the husband of Senator Dianne Feinstein of California; and Donald Sussman, a hedge fund mogul.The inaugural committee did not list any of the amounts that these 959 donors had given as of Dec. 31, the end of the period covered in the voluntary disclosure.The actual donor amounts may not be known until 90 days after the inauguration when the committee will be required under law to disclose the names and amounts of all donations over $200. There are no legal limitations on how much a donor can give to an inaugural committee, but Mr. Biden’s committee voluntarily limited contributions by individuals to $500,000 and by corporations to $1 million.Many of the major corporations that traditionally make large contributions to inauguration events are missing. Some have explained that they are not going to donate given that the event will largely be virtual because of the pandemic. Others have said they are focusing their donations on helping people affected by economic downturn caused by coronavirus.But the technology and telecommunications industries, a major source of cash for Mr. Biden’s campaign and the groups supporting it, are well represented on the list, with donations also coming from Qualcomm, a semiconductor and software company based in California, and Charter Communications, a cable company.Google is one of several companies that have donated to the committee organizing President-elect Joseph R. Biden Jr.’s scaled-back inauguration celebration this month.Credit…Laura Morton for The New York TimesGoogle was included on the list because it provided online security protections without charge to the inaugural committee, said José Castañeda, a Google spokesman.Other corporate donations came from Enterprise Holdings political action committee, which is associated with the company that owns the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands.Health care companies also are prominent on the list, including Anthem Inc., the health insurance giant, MedPoint Management, which provides management services to physicians groups, and Masimo Corporation, a maker of electronic patient monitoring devices.The Presidential TransitionLatest UpdatesUpdated Jan. 8, 2021, 10:32 p.m. ETMore national security officials resign from a White House in turmoil.Josh Hawley faces blowback for role in spurious challenge of election results.Read the draft of a leading article of impeachment against Trump.Boeing Company, the aerospace and military contracting giant, is also listed as a donor.The Biden team prohibited donations from the oil, gas and coal industries and registered lobbyists.Labor unions including American Federation of Teachers, the International Brotherhood of Electrical Workers and the United Food and Commercial Workers union made contributions.There was also a sprinkling of celebrities on the list — as was the case with Mr. Biden’s presidential campaign — including Barbra Streisand.A spokesman for the inauguration declined to comment when asked Saturday how much in total Mr. Biden’s committee had raised.The fund-raising effort is likely to pale in comparison to the record $107 million raised four years ago by Mr. Trump for his inauguration, with donations of as much as $5 million from major supporters like Sheldon G. Adelson, a casino executive and major Republican donor.Mr. Biden has urged his supporters not to travel to Washington for the inauguration on Jan. 20, because outside of the swearing-in ceremony, there will be few large-scale in-person events.Details on the inauguration schedule still have not been released, and planning for the event has also been affected by the storming of the Capitol on Wednesday by Trump supporters in an outbreak of violence that stirred concerns about security around the swearing-in ceremony.Organizers have said the inaugural festivities will include a “virtual concert” with some big-name performers, a ceremony to remember people killed by the coronavirus and a virtual event similar to the elaborate roll-call held at the Democratic National Committee last year, which included short videos from all 57 states and territories.But the inauguration committee has still tried to pull in large donations by offering an array of unusual perks. Corporations that contribute $1 million and individuals that contribute $500,000 will receive an invitation to a virtual event with Mr. Biden and Jill Biden, the future first lady, along with a photo, as well as a similar event with Vice President-elect Kamala Harris and her husband, Doug Emhoff.The fund-raising effort is continuing, with the committee sending a solicitation to donors on Saturday night shortly after it released the preliminary list of donors.“Our team is creating a new style of inauguration that integrates traditional elements with creative programming and local events across the country — which is why we’re reaching out today,” reads the fund-raising email, which was targeted to recipients in different parts of the country.The committee, according to the email, wants “to make sure we have strong representation across the country as part of our inauguration grass-roots donors program.”AdvertisementContinue reading the main story More

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    Democrats in Georgia Runoffs Bring in Record Haul

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    Electoral College Results

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    5 Takeaways From the Mayor’s Race: A Subway Pledge and Police Scrutiny

    #masthead-section-label, #masthead-bar-one { display: none }Race and PolicingFacts on Walter Wallace Jr. CaseFacts on Breonna Taylor CaseFacts on Daniel Prude CaseFacts on George Floyd CaseAdvertisementContinue reading the main storySupported byContinue reading the main story5 Takeaways From the Mayor’s Race: A Subway Pledge and Police ScrutinySome New York City candidates vowed to reform the Police Department — or to ride the subway more often than Mayor Bill de Blasio.Eric Adams, the Brooklyn borough president, was less critical of how the police handled Black Lives Matter protests than some of his rivals.Credit…Elizabeth D. Herman for The New York TimesEmma G. Fitzsimmons and Dec. 21, 2020, 3:00 a.m. ETThe Democratic candidates running for mayor of New York City differ on many issues, but they tend to agree on one thing: All aspire to be different from Mayor Bill de Blasio, a Democrat in his second term whose approval rating dropped after his failed run for president last year.On Friday, the city Department of Investigation released a report that sharply criticized the de Blasio administration for its handling of the Black Lives Matter protests earlier this year.The findings were uniformly welcomed by the mayoral hopefuls, many of whom have been critical of the police tactics deployed. One went further, vowing to remove the police commissioner, Dermot F. Shea, if elected mayor.One other way they vow to differ from Mr. de Blasio? They say they will ride the subway more often.Here’s what you need to know about the week that was in the mayor’s race:Who’s landing the big political guns for hire?The huge field of candidates running for mayor — as well as the City Council and other local races in New York — is expected to be a bonanza for campaign consultants, and some key hired guns have landed in some interesting places.L. Joy Williams, the president of the Brooklyn N.A.A.C.P., signed on with Raymond J. McGuire, a Black businessman. She was an adviser for Cynthia M. Nixon, the actress and activist who ran for governor in 2018.Ms. Williams could help Mr. McGuire, a first-time candidate, reach Black voters in Brooklyn, especially women — a critical constituency that will be courted by other Black candidates, including Eric Adams, the Brooklyn borough president, and Maya Wiley, a former top counsel to Mr. de Blasio and MSNBC analyst.Scott M. Stringer, the city comptroller, hired Rebecca Katz, a confidante of Mr. de Blasio’s who helped shape his image, but has been critical of the mayor recently. Ms. Katz has worked for progressive candidates, including Representative Jamaal Bowman.Ms. Wiley hired Alison Hirsh, who left Mr. de Blasio’s administration earlier this year and worked for the powerful 32BJ local of the Service Employees International Union; and Maya Rupert, who worked on the presidential campaigns of Julián Castro and Elizabeth Warren.Maya Rupert, a former campaign manager for Julián Castro in the 2020 presidential race, was hired to work on Mara Wiley’s mayoral campaign.Credit…Michael Starghill Jr. for The New York TimesMr. Adams hired Katie Moore, political director of the influential Hotel Trades Council.But the competition is fierce.Abbey Lee Cook, the campaign manager for Representative Max Rose, who just announced his mayoral bid, already signed up to work with Tali Farhadian Weinstein, a former prosecutor who is running for Manhattan district attorney. A high-profile political firm led by Stu Loeser, an aide to former Mayor Michael R. Bloomberg, is also working on Ms. Weinstein’s campaign.Be like Bill de Blasio and ride an SUV? Not likely.Mr. de Blasio has been criticized for not riding the subway regularly to see riders’ commuting misery up close, opting instead to view the city from the windows of his chauffeured SUV.Admitting that he could do better, Mr. de Blasio told reporters last week that he would ride the subway soon, to show New Yorkers that it is safe during the pandemic.But some candidates are pledging to do more. Shaun Donovan, a former housing secretary under President Barack Obama, promised to ride the subway every day. Mr. McGuire said in an interview that the subway is the “easiest, cheapest and quickest way to get around,” and that he would ride the subway as much as possible if elected.Others followed suit after Streetsblog, a website dedicated to street safety, inquired about their commuting habits. Mr. Adams said that he was already a regular subway rider, and would continue to be one if elected mayor.Carlos Menchaca, a Brooklyn city councilman, committed to taking the subway or riding his bike while “significantly limiting car trips.”It should be noted that Gov. Andrew M. Cuomo actually controls the subway, and is rarely seen aboard a passenger train. But the mayor appoints members to the board of the Metropolitan Transportation Authority, the agency that oversees the subway, and can use his or her bully pulpit to help the system, which is in a deep financial crisis.Being early contenders pays off for Stringer and AdamsThe city’s Campaign Finance Board announced last week that it had approved more than $17 million in matching-funds payments to 61 candidates in races across the city next year.The initial outlay underscored the advantages of establishing early candidacies: Mr. Adams’s campaign qualified for about $4.4 million in matching funds, while Mr. Stringer’s campaign received about $3.3 million.The city comptroller, Scott Stringer, qualified for about $3.3 million in public matching funds; the only other mayoral candidate to receive matching funds was Mr. Adams.Credit…Chang W. Lee/The New York TimesNo other candidate met the dual threshold of raising at least $250,000 in contributions of $250 or less from at least 1,000 city residents by July.Mr. McGuire is not participating in the 8-to-1 matching-funds program, which effectively turns a $10 campaign contribution from a city resident into $90. Lupé Todd-Medina, a spokeswoman for Mr. McGuire, said the campaign felt good about not accepting taxpayer resources during a financial crisis and could raise enough money to get its message out.But Paul J. Massey Jr., a wealthy real estate executive who ran against Mr. de Blasio in 2017, suggested that mayoral candidates like Mr. McGuire may regret not participating in the matching-funds program. He said his biggest mistake as a first-time candidate was deciding to opt out; Mr. Massey raised $1.6 million, but spent it quickly on consultants and lent his campaign $1.2 million.“Being involved in the matching-funds program or writing checks the size Michael Bloomberg wrote are probably the few practical paths to financing a campaign for mayor,” he said in an interview.A ‘monumental failure of leadership’One candidate called for an elected Civilian Complaint Review Board and “massive disinvestments” in the New York Police Department. Another said the mayor demonstrated a “monumental failure of leadership.” And one candidate called for the dismissal of the police commissioner.The reactions came in response to a Department of Investigation report that concluded that the Police Department’s use of aggressive tactics had inflamed the summertime protests over the death of George Floyd, and violated protesters’ rights.The strongest reaction came from Dianne Morales, considered among the most progressive candidates in the race, and Ms. Wiley, a former chairwoman of the Civilian Complaint Review Board, which investigates accusations of police misconduct.Ms. Morales said the Police Department committed “acts of violence,” and called for “dedicated prosecutors” for police misconduct.Ms. Wiley said the police used “brutally violent tactics” against the protesters, and called for the dismissal of Commissioner Shea and a policy change that would require the police to be more accountable to civilian review.Mr. Stringer, Mr. Donovan and Mr. McGuire focused on what they saw as a failure of leadership.“When I’m mayor, I’ll make certain that my police commissioner understands my values and the perspective of people who look like me,” said Mr. McGuire, who is Black.Mr. Stringer, who has collected a string of endorsements from progressive candidates, called for “wholesale reform” because the Police Department operated without “real accountability.”Mr. Adams, a former police officer, had perhaps the most moderate view among the major candidates. He said the report detailed “tactical errors and acts of heavy-handed policing” and called for more diverse leadership and enhanced de-escalation and implicit bias training.Lawsuit against ranked-choice voting suffers setbackA lawsuit seeking to prevent the use of ranked-choice voting in the June primary was dealt a significant blow last week when a State Supreme Court judge declined to issue a temporary restraining order in the matter.“This court is disinclined to take any action that may result in the disenfranchisement of even one voter or take any action that may result in even one voter’s ballot being nullified,” Justice Carol R. Edmead of State Supreme Court in Manhattan wrote in her ruling.Under a new system approved by referendum last year, voters in primary and special elections can rank up to five candidates in order of preference. If no candidate receives a majority, the last-place winner is eliminated and the second-choice votes of those ballots are counted. The process continues until a candidate has won a majority.But several members of the Black, Latino and Asian Caucus of the City Council have filed a lawsuit suggesting that voters had not been educated about the new process, and that people of color and immigrants would be disenfranchised as a result.Two Black mayoral candidates, Mr. Adams, the borough president of Brooklyn, and Mr. McGuire, a businessman, both expressed concerns about Black voter disenfranchisement. Other Black mayoral candidates, Ms. Morales, a former nonprofit executive who is Afro-Latina, and Ms. Wiley, support the use of ranked-choice voting.The ruling directly affects a Feb. 2 special election for a City Council seat in Queens, which is slated to be the city’s first contest to use ranked-choice voting since the referendum was passed. Justice Edmead noted that overseas ballots for the race were about to be mailed out.AdvertisementContinue reading the main story More

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