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Fortress Sues to Foreclose on Moskovits' Bushwick Hotel Site


450 West 31st Street, New York, NY 10001 Phone: 212-260-1332
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How a top New York mayoral candidate used a charity to boost his profile


POLITICO
Eric Adams spent taxpayer and charity dollars promoting his image and making inroads to key constituencies.
In this Sept. 1, 2020, file photo, Brooklyn Borough President Eric Adams makes an announcement about early voting, in the Brooklyn borough of New York. | Mark Lennihan/AP Photo
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NEW YORK Brooklyn Borough President Eric Adams dipped into municipal coffers in 2016 to buy a pair of banners that spanned the columns outside Borough Hall, bearing the likeness of himself and his deputy.
The enormous tapestries were billed by Adams now a leading candidate in the New York City mayor’s race as a way to showcase the diversity of the borough’s leadership, but the display attracted criticism from good-government groups who said taxpayer money should not be used for self-promotion. ....

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DAILY DOSE: February 24, 2021


DAILY DOSE: February 24, 2021
Posted on 02/24/2021
1. Former U.S. Treasury Secretary Steven Mnuchin is planning to start an investment fund that would focus on financial technology and entertainment. The fund is expected to raise money from a wide range of investors including Gulf-based sovereign wealth funds. Former U.S. Treasury Secretary Timothy Geithner after leaving his post went on to become President of Warburg Pincus. Jack Lew, the last U.S. Treasury Secretary before Mnuchin, went to become a Managing Partner at private equity firm Lindsay Goldberg.
2. On a conference call, Square CEO Jack Dorsey said he will “double down” on commitment to bitcoin. Payments company Square believes cryptocurrency is an instrument of economic empowerment. Square Inc. in total has purchased about 3,318 bitcoin at an aggregate purchase price of US$ 170 million. Bitcoin now represents 5% of Square’s total cash and equivalents. ....

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