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    Outside Money Floods New York Congressional Races

    In a feverish House race across Manhattan, a dark-money super PAC has spent more than $200,000 reminding voters that an incumbent congresswoman, Carolyn Maloney, once indulged doubts about vaccines.Out east in Suffolk County, cryptocurrency interests have spent more than $1 million on ads disparaging a former Navy officer in a Republican primary for Congress and supporting his opponent, a cryptocurrency booster, according to AdImpact, an ad tracking firm.And in the city’s northern suburbs, a police union PAC has spent more than $200,000 on ads calling a Democratic candidate a “radical extremist” who “left her community crime-ridden.” Those grim warnings, delivered over a soundtrack of gunshots, breaking glass and crackling fire, target a state senator, Alessandra Biaggi, and benefit her opponent in the 17th Congressional District, Representative Sean Patrick Maloney, the chair of the Democratic Congressional Campaign Committee.A rising tide of lightly regulated outside money is pouring into New York State: As of Thursday, with the Aug. 23 primary date looming, outside entities have spent about $9 million in state congressional primaries, according to data maintained by Open Secrets, a government transparency group. In 2018, outside entities spent roughly $2.6 million.Some of the players are familiar, including real estate and police groups. Others, like the super PAC targeting Ms. Maloney in the 12th District, have yet to identify their donors. The treasurer for that PAC, Brandon Philipczyk, did not respond to requests for comment. Berlin Rosen, a New York consultancy, is also involved.The thrust of the ad campaign taking aim at Ms. Maloney mirrors the messaging that her chief primary opponent, Representative Jerrold Nadler, has put in his campaign website’s so-called red box. Campaigns use language hidden in such boxes on their websites to communicate indirectly with super PACs that might support them.A spokesman for the Nadler campaign declined to comment.“I am disappointed that my colleague and friend, Congressman Nadler, has resorted to using dark-money funded attack ads against me to mislead voters in a desperate attempt to win this election,” Ms. Maloney said in a statement that also apologized for her past remarks on vaccines. “Voters are used to seeing these kinds of dirty campaign tactics from Republicans, but I expected more of Congressman Nadler.”In New York City’s other marquee House primary contest, for the 10th Congressional District encompassing parts of Brooklyn and Lower Manhattan, money also looms as a factor, but much of it is coming directly from one of the leading candidates, Daniel Goldman.Mr. Goldman, the heir to the Levi Strauss fortune who prosecuted the first impeachment case against Donald J. Trump, has put at least $4 million of his own money into the race.Daniel Goldman has put at least $4 million of his own money into the race for Congress in the 10th District.Anna Moneymaker/The New York TimesBut super PAC money is also playing a role in the race. A new super PAC called New York Progressive, Inc. has begun distributing literature targeting Yuh-Line Niou, a left-leaning state assemblywoman, for opposing an affordable housing development for seniors — part of a $225,000 expenditure. The treasurer of the PAC, Jeffrey Leb, typically raises money for such efforts from real estate interests. He declined to comment.And on Thursday, a super PAC called Nuestro PAC announced it would spend half a million dollars on behalf of one of Ms. Niou’s rivals, Carlina Rivera.North of the city, Mr. Maloney is benefiting from expenditures by the Police Benevolent Association of the City of New York, which endorsed Mr. Trump’s re-election campaign. More

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    The Business Rules the Trump Administration Is Racing to Finish

    #masthead-section-label, #masthead-bar-one { display: none }The Jobs CrisisCurrent Unemployment RateThe First Six MonthsPermanent LayoffsWhen a $600 Lifeline EndedAdvertisementContinue reading the main storySupported byContinue reading the main storyThe Business Rules the Trump Administration Is Racing to FinishFrom tariffs and trade to the status of Uber drivers, regulators are trying to install new rules or reduce regulations before President-elect Joe Biden takes over.President Trump is rushing to put into effect new economic regulations and executive orders before his term comes to a close.Credit…Erin Schaff/The New York TimesJan. 11, 2021, 3:00 a.m. ETIn the remaining days of his administration, President Trump is rushing to put into effect a raft of new regulations and executive orders that are intended to put his stamp on business, trade and the economy.Previous presidents in their final term have used the period between the election and the inauguration to take last-minute actions to extend and seal their agendas. Some of the changes are clearly aimed at making it harder, at least for a time, for the next administration to pursue its goals.Of course, President-elect Joseph R. Biden Jr. could issue new executive orders to overturn Mr. Trump’s. And Democrats in Congress, who will control the House and the Senate, could use the Congressional Review Act to quickly reverse regulatory actions from as far back as late August.Here are some of the things that Mr. Trump and his appointees have done or are trying to do before Mr. Biden’s inauguration on Jan. 20. — Peter EavisProhibiting Chinese apps and other products. Mr. Trump signed an executive order on Tuesday banning transactions with eight Chinese software applications, including Alipay. It was the latest escalation of the president’s economic war with China. Details and the start of the ban will fall to Mr. Biden, who could decide not to follow through on the idea. Separately, the Trump administration has also banned the import of some cotton from the Xinjiang region, where China has detained vast numbers of people who are members of ethnic minorities and forced them to work in fields and factories. In another move, the administration prohibited several Chinese companies, including the chip maker SMIC and the drone maker DJI, from buying American products. The administration is weighing further restrictions on China in its final days, including adding Alibaba and Tencent to a list of companies with ties to the Chinese military, a designation that would prevent Americans from investing in those businesses. — Ana SwansonDefining gig workers as contractors. The Labor Department on Wednesday released the final version of a rule that could classify millions of workers in industries like construction, cleaning and the gig economy as contractors rather than employees, another step toward endorsing the business practices of companies like Uber and Lyft. — Noam ScheiberTrimming social media’s legal shield. The Trump administration recently filed a petition asking the Federal Communications Commission to narrow its interpretation of a powerful legal shield for social media platforms like Facebook and YouTube. If the commission doesn’t act before Inauguration Day, the matter will land in the desk of whomever Mr. Biden picks to lead the agency. — David McCabeTaking the tech giants to court. The Federal Trade Commission filed an antitrust suit against Facebook in December, two months after the Justice Department sued Google. Mr. Biden’s appointees will have to decide how best to move forward with the cases. — David McCabeAdding new cryptocurrency disclosure requirements. The Treasury Department late last month proposed new reporting requirements that it said were intended to prevent money laundering for certain cryptocurrency transactions. It gave only 15 days — over the holidays — for public comment. Lawmakers and digital currency enthusiasts wrote to the Treasury secretary, Steven Mnuchin, to protest and won a short extension. But opponents of the proposed rule say the process and substance are flawed, arguing that the requirement would hinder innovation, and are likely to challenge it in court. — Ephrat LivniLimiting banks on social and environmental issues. The Office of the Comptroller of the Currency is rushing a proposed rule that would ban banks from not lending to certain kinds of businesses, like those in the fossil fuel industry, on environmental or social grounds. The regulator unveiled the proposal on Nov. 20 and limited the time it would accept comments to six weeks despite the interruptions of the holidays. — Emily FlitterOverhauling rules on banks and underserved communities. The Office of the Comptroller of the Currency is also proposing new guidelines on how banks can measure their activities to get credit for fulfilling their obligations under the Community Reinvestment Act, an anti-redlining law that forces them to do business in poor and minority communities. The agency rewrote some of the rules in May, but other regulators — the Federal Reserve and the Federal Deposit Insurance Corporation — did not sign on. — Emily FlitterInsuring “hot money” deposits. On Dec. 15, the F.D.I.C. expanded the eligibility of brokered deposits for insurance coverage. These deposits are infusions of cash into a bank in exchange for a high interest rate, but are known as “hot money” because the clients can move the deposits from bank to bank for higher returns. Critics say the change could put the insurance fund at risk. F.D.I.C. officials said the new rule was needed to “modernize” the brokered deposits system. — Emily FlitterNarrowing regulatory authority over airlines. The Department of Transportation in December authorized a rule, sought by airlines and travel agents, that limits the department’s authority over the industry by defining what constitutes an unfair and deceptive practice. Consumer groups widely opposed the rule. Airlines argued that the rule would limit regulatory overreach. And the department said the definitions it used were in line with its past practice. — Niraj ChokshiRolling back a light bulb rule. The Department of Energy has moved to block a rule that would phase out incandescent light bulbs, which people and businesses have increasingly been replacing with much more efficient LED and compact fluorescent bulbs. The energy secretary, Dan Brouillette, a former auto industry lobbyist, said in December that the Trump administration did not want to limit consumer choice. The rule had been slated to go into effect on Jan. 1 and was required by a law passed in 2007. — Ivan PennAdvertisementContinue reading the main story More