Private Equity Doesn’t Want You to Read This

Government must do more to clip its wings.

#carried-interest-loophole, #finances, #hedge-funds, #income-inequality, #private-equity, #sinema-kyrsten, #taxation

What Does It Really Mean to Live ‘Paycheck to Paycheck’?

We don’t have a good agreed-upon definition.

#finances, #internal-sub-only-nl, #united-states-economy

Alabama Takes From the Poor and Gives to the Rich

How fines and fees trap people in a kind of penury from which they may never escape.

#alabama, #black-people, #courts-and-the-judiciary, #criminal-justice, #finances, #fines-penalties, #income-inequality, #local-government, #lowndes-county-ala, #montgomery-ala, #property-taxes, #states-us, #taxation, #traffic-and-parking-violations

How to Cope With Financial Stress

Experts share tips on how to feel empowered and manage stress as prices continue to rise.

#anxiety-and-stress, #budgets-and-budgeting, #finances, #inflation-economics, #prices-fares-fees-and-rates, #united-states-economy

Her ‘Chagall’ Is Headed for the Trash. How’s That for Caveat Emptor?

Stephanie Clegg paid $90,000 for a Marc Chagall painting at a Sotheby’s auction in 1994. It was reappraised for $100,000 in 2008. Now an expert panel in France wants to destroy it as a fake.

#art, #auctions, #chagall-marc, #comite-marc-chagall, #finances, #forgery, #france, #manhattan-nyc, #sothebys, #stephanie-clegg

The Stock Market Is Faltering. Welcome to the End of the ‘Everything Bubble.’

The financial journalist Rana Foroohar shares her long view on what’s going on with the economy.

#audio-neutral-informative, #banking-and-financial-institutions, #cryptography-codes-and-ciphers, #federal-reserve-system, #finances, #rana-foroohar, #united-states-economy

She Was Told Surgery Would Cost About $1,300. Then the Bill Came: $229,000.

The Colorado Supreme Court ruled that Lisa French had never agreed to pay the full price when she signed service agreements with a hospital.

#finances, #health-insurance-and-managed-care, #hospitals, #johns-hopkins-university, #suits-and-litigation-civil, #surgery-and-surgeons, #westminster-colo

The Macklowe Collection Tops $922 Million at Auction

The art holdings from a bitter divorce became what Sotheby’s called the most valuable collection ever sold at auction.

#art, #auctions, #collectors-and-collections, #finances, #macklowe-harry, #manhattan-nyc, #richter-gerhard, #rockefeller-margaret-1947, #rothko-mark, #sothebys

As Inflation Jolts Grocery Prices, Shoppers Say ‘Ouch’

They’re store-hopping, cutting back on expensive items and using more coupons. Plying the meat counter staff with homemade banana bread for favors is not out of the question.

#finances, #inflation-economics, #meat, #shopping-and-retail, #supermarkets-and-grocery-stores

Ernie Barnes’s ‘Sugar Shack’ Painting Brings Big Price at Auction

An iconic image sells for $15.3 million at Christie’s to Bill Perkins, an energy trader, who says he’s been waiting his whole life to buy that work of art.

#art, #asawa-ruth-1926-2013, #auctions, #barnes-ernie-1928-2009, #christies, #finances, #gaye-marvin, #hartigan-grace, #monet-claude, #pindell-howardena

For Tens of Millions of Americans, the Good Times Are Right Now

Their houses are piggy banks, their retirement accounts are up and their bosses are eager to please. When the boom ends, everything will change.

#computers-and-the-internet, #entrepreneurship, #finances, #income-inequality, #inflation-economics, #labor-and-jobs, #real-estate-and-housing-residential, #recession-and-depression, #start-ups, #united-states-economy

Warhol’s ‘Marilyn’ Sells for $195 Million, Shattering Auction Record for an American Artist

At Christie’s sale for charity, the glamorous silk-screen beat out Basquiat’s skull painting that set a record in 2017.

#art, #auctions, #basquiat-jean-michel, #christies, #finances, #monroe-marilyn, #philanthropy, #picasso-pablo, #rotter-alex, #warhol-andy-museum

Loss of Pandemic Aid Stresses Hospitals That Treat the Uninsured

Hospitalizations from Covid-19 are receding, but safety-net providers are facing tremendous unmet needs from poor and uninsured patients who delayed seeking care during the pandemic.

#american-rescue-plan-2021, #coronavirus-2019-ncov, #finances, #health-insurance-and-managed-care, #hospitals, #nashville-tenn, #tennessee

New York Lets ‘Fearless Girl’ Hold Her Ground, for Now

Officials voted to extend the sculpture’s permit but are requiring stakeholders to return in six months with plans for a permanent location.

#art, #fearless-girl, #finances, #landmarks-preservation-commission, #manhattan-nyc, #nonfungible-tokens-nfts, #public-design-commission-nyc, #sculpture, #state-street-global-advisors, #suits-and-litigation-civil, #transportation-department-nyc, #visbal-kristen, #women-and-girls

A Viral Case Against Crypto, Explored

The video essayist Dan Olson explains the dangers lurking in the culture and ideology that surround digital currency.

#audio-neutral-informative, #bitcoin-currency, #blockchain-technology, #computers-and-the-internet, #finances, #nonfungible-tokens-nfts, #winkelmann-mike-beeple

Museums Are Cashing In on NFTs

There’s money to be made, though most institutions are wary of getting involved.

#art, #british-museum, #finances, #hermitage-museum-saint-petersburg-russia, #museums, #nonfungible-tokens-nfts, #uffizi-gallery, #unit-london-london-england-gallery

‘Music Man’ Sets Box Office Record for a Reopened Broadway

The Hugh Jackman-led revival has 76 trombones, 110 cornets, and took in $3.5 million in ticket sales last week, more than any show since the pandemic began.

#box-office-sales, #broadway-league, #finances, #jackman-hugh, #the-music-man-play, #theater

Soccer’s Richest Clubs Sidestep UEFA Salary Cap in New Cost Controls

UEFA’s new financial regulations will tie spending to club revenues, entrenching the advantages wealthy clubs already enjoy in the market for talent.

#finances, #soccer, #union-of-european-football-assns-uefa, #wages-and-salaries

Yankees Owner Hal Steinbrenner Defends His Payroll

With an expensive roster, and high expenses, Hal Steinbrenner brushed off talk of pressure from the Mets’ Steven A. Cohen. “I can’t control what resources other owners or other teams have.”

#baseball, #cohen-steven-a, #finances, #free-agents-sports, #new-york-mets, #new-york-yankees, #steinbrenner-hal, #trades-sports, #wages-and-salaries

Juilliard’s President Is Challenged but Retains Support of Board

The school’s chairman and biggest benefactor, Bruce Kovner, had wanted its president, Damian Woetzel, to leave after a negative evaluation. He marshaled support and stayed.

#appointments-and-executive-changes, #boards-of-directors, #content-type-personal-profile, #culture-arts, #finances, #juilliard-school, #kovner-bruce, #lincoln-center-for-the-performing-arts, #marsalis-wynton, #music, #philanthropy, #woetzel-damian

As NFTs Grow in Popularity, Some Collectors Are Striking it Rich

NFTs are making some collectors and artists rich, but success in this high-risk marketplace is more art than science.

#finances, #nonfungible-tokens-nfts

The NFT Has Changed Artists. Has it Changed Art?

Hardly at all.

#art, #auctions, #blockchain-technology, #collectors-and-collections, #finances, #mccoy-jennifer-1968, #mccoy-kevin-1967, #nonfungible-tokens-nfts

Speculators Win Big With Bets on Young Artists

When demand outstrips supply, there is huge money to be made by “flipping”— the practice of buying low from the artist’s gallery and reselling high at auction.

#art, #collectors-and-collections, #content-type-personal-profile, #crosby-njideka-akunyili, #finances, #ghana, #murillo-oscar-1986, #phillips-auctioneers-llc, #smith-lucien-1989, #victoria-miro, #yukhnovich-flora

Covid Funeral Assistance Is an Underused Program

The government will reimburse up to $9,000 in funeral expenses for deaths related to the coronavirus. But most eligible survivors have yet to get relief.

#coronavirus-2019-ncov, #deaths-fatalities, #federal-emergency-management-agency, #finances, #funerals-and-memorials, #national-funeral-directors-assn, #personal-finances

Turkey’s Doctors Are Leaving, the Latest Casualty of Spiraling Inflation

Doctors, worn down by grueling hours and violence, are emigrating in rising numbers, undermining one of President Recep Tayyip Erdogan’s signature achievements.

#coronavirus-2019-ncov, #doctors, #erdogan-recep-tayyip, #finances, #germany, #health-insurance-and-managed-care, #hospitals, #justice-and-development-party-turkey, #labor-and-jobs, #relocation-of-business, #turkey, #wages-and-salaries, #workplace-hazards-and-violations

It’s Gold, Baby. But Niclas Castello’s Cube Is Nothing New in Art.

The artist’s solid gold cube, which appeared for one day in Central Park, was Instagram bait, an NFT promotion and even kind of pretty.

#art, #castello-cube, #castello-niclas, #finances, #gold, #naumburg-bandshell-central-park-manhattan-ny, #nonfungible-tokens-nfts, #sculpture, #switzerland

Private Data Shows Broadway’s Hits and Misses After Reopening

Big shows did well when they returned in the fall after the long pandemic shutdown but new plays struggled, previously undisclosed industry data shows.

#box-office-sales, #broadway-league, #coronavirus-2019-ncov, #finances, #hamilton-play, #harry-potter-and-the-cursed-child-play, #six-play, #the-lion-king-play, #theater, #wicked-play

Social Security Opens to Survivors of Same-Sex Couples Who Could Not Marry

Challenging a policy that limited survivor’s benefits to married couples, even though some couples were legally barred from marriage, took years.

#elderly, #finances, #helen-thornton, #lambda-legal-defense-and-education-fund, #same-sex-marriage-civil-unions-and-domestic-partnerships, #social-security-us, #social-security-administration, #your-feed-health, #your-feed-science

As Broadway Struggles, Governor Hochul Proposes Expanded Tax Credit

With Omicron complicating Broadway’s return, Gov. Kathy Hochul proposed more assistance for commercial theater, which her budget director called “critical for the economy.”

#broadway-league, #budgets-and-budgeting, #coronavirus-2019-ncov, #empire-state-development-corp, #finances, #hochul-kathleen-c, #new-york-city, #politics-and-government, #tax-credits-deductions-and-exemptions, #theater

Kathy Hochul Unveils Record $216 Billion Budget Plan for NY

Gov. Kathy Hochul unveiled a record-setting new budget plan, as state officials project balanced budgets through 2027, with none of the typical warnings of billion-dollar shortfalls.

#budgets-and-budgeting, #finances, #hochul-kathleen-c, #new-york-state, #politics-and-government, #taxation

Building a Hub for New Art in Athens ‘Under the Shadow of the Acropolis’

Many associate culture in Athens with ruins and ancient artifacts. But the Greek government and several big philanthropic foundations want to put the city on the international contemporary art map.

#art, #athens-greece, #finances, #greece, #greek-civilization, #museums, #national-museum-of-contemporary-art-emst-athens-greece, #onassis-cultural-center, #philanthropy, #politics-and-government

As Workers Gain Pay Leverage, Nonprofits Can’t Keep Up

Schools and social assistance agencies face staffing shortages as they compete with businesses able to raise wages — and services are suffering.

#coronavirus-2019-ncov, #education-k-12, #federal-aid-us, #finances, #government-contracts-and-procurement, #hiring-and-promotion, #labor-and-jobs, #nonprofit-organizations, #shortages, #united-states-economy, #wages-and-salaries

How to Cope With Medicare’s Rising Costs

A higher Medicare premium in 2022 is just part of the puzzle of health care costs for older Americans. But there are ways to plan.

#aduhelm-drug, #content-type-service, #drugs-pharmaceuticals, #elderly, #finances, #health-insurance-and-managed-care, #inflation-economics, #longevity, #medicare, #pensions-and-retirement-plans, #social-security-us

The Arizona Coyotes and Their Long Journey to Nowhere

The N.H.L.’s least valuable franchise, and its 26-season headache, won’t have a home as of June 30 after the City of Glendale said it would end their agreement.

#arizona, #arizona-coyotes, #finances, #glendale-ariz, #hockey-ice, #meruelo-alex, #national-hockey-league, #phoenix-ariz, #stadiums-and-arenas

N.Y.C. Arts Organizations Awarded $51.4 Million Dollars in Grants

The Department of Cultural Affairs is awarding $51.4 million in grants to more than 1,000 nonprofit arts and cultural groups that are seeking to rebound from the pandemic.

#city-council-nyc, #coronavirus-2019-ncov, #cultural-affairs-department, #culture-arts, #finances, #guggenheim-solomon-r-museum, #metropolitan-opera, #museums, #new-york-city, #new-york-philharmonic, #ninety-second-street-y, #politics-and-government

Cryptocurrency Group Loses Bid for Rare Copy of U.S. Constitution

ConstitutionDAO, a “decentralized autonomous organization,” had raised more than $40 million to bid for the artifact.

#art, #auctions, #computers-and-the-internet, #constitution-us, #constitutiondao, #finances, #virtual-currency

Blue-Chip Art From Bitter Macklowe Divorce Brings $676 Million at Sotheby’s

A Sotheby’s executive called the court-ordered sale on Monday night “the most valuable single-owner auction ever staged.”

#art, #auctions, #caillebotte-gustave, #finances, #getty-j-paul-museum, #giacometti-alberto, #rothko-mark, #sothebys, #warhol-andy, #whitney-stanley-1946

In China’s Super League, Everyone Seems to Be Losing

Chinese teams once embraced ambition and overspending in a bold attempt to reshape their sport. Now they don’t even play games.

#china, #china-evergrande-group, #chinese-super-league, #finances, #guangzhou-evergrande-soccer-team, #international-federation-of-association-football-fifa, #jiangsu-suning-soccer-team, #politics-and-government, #shutdowns-institutional, #soccer

How Can We Make Crypto Green? A Times Event

On Oct. 5, Andrew Ross Sorkin and the DealBook team explore the environmental impact of digital currency and efforts to make it more sustainable.

#alternative-and-renewable-energy, #bitcoin-currency, #finances, #internal-open-access

Join Us for a Conversation on Greening Cryptocurrency

On Oct. 5, Andrew Ross Sorkin and the DealBook team explore the environmental impact of digital currency and efforts to make it more sustainable.

#alternative-and-renewable-energy, #bitcoin-currency, #finances, #internal-open-access

With a Rare ‘Oedipe,’ the Paris Opera Pulls Together

Staged by the playwright and director Wajdi Mouawad, Enescu’s opera helps inaugurate a new era for the storied company.

#content-type-personal-profile, #enescu-george, #finances, #mouawad-wajdi, #oedipe-opera, #opera, #paris-france, #paris-opera, #theatre-de-la-colline-paris-france

Your Finances Took a Hit From the Pandemic. Here’s What You Do Now.

Find someone wiser than you, check your credit report and taxes, and stop catastrophizing. This is how you can do it.

#anderson-stephen-lee, #consumer-financial-protection-bureau, #content-type-service, #credit-scores, #finances, #labor-and-jobs, #personal-finances, #retirement, #unemployment

Four Art Gallerists Create LGDR Consortium, Upending Traditional Model

Dominique Lévy, Brett Gorvy, Amalia Dayan and Jeanne Greenberg Rohatyn will become LGDR, a one-stop shop for artists and collectors.

#appointments-and-executive-changes, #art, #auctions, #dayan-amalia, #finances, #gorvy-brett, #greenberg-rohatyn-jeanne, #levy-gorvy-gallery, #levy-dominique, #lgdr-manhattan-ny-gallery, #luxembourgdayan, #mergers-acquisitions-and-divestitures, #real-estate-commercial, #salon-94-manhattan-ny-gallery, #upper-east-side-manhattan-ny

California’s Plan to Make New Buildings Greener Will Also Raise Costs

A recent building code change for new construction could reduce emissions by requiring use of solar panels and batteries, raising prices in an already expensive state.

#alternative-and-renewable-energy, #batteries, #building-construction, #california, #electric-light-and-power, #finances, #global-warming, #greenhouse-gas-emissions, #heating, #international-code-council-inc, #los-angeles-calif, #natural-gas, #real-estate-and-housing-residential, #regulation-and-deregulation-of-industry, #san-bernardino-calif, #solar-energy

Roger Federer’s Biggest Legacy? It Might Be His Billion-Dollar Brand.

Other tennis superstars have built sponsorship empires. But none ever wooed the corporate class as brilliantly as Federer.

#advertising-and-marketing, #content-type-personal-profile, #federer-roger, #finances, #nike-inc, #tennis

How to Make a Neighborhood Farm for an Entire Metropolis

A program being started in Atlanta helps midsize farmers buy their own land while providing much-needed fresh food to urban consumers.

#agriculture-and-farming, #atlanta-ga, #chicago-ill, #emory-university, #finances, #food, #land-use-policies, #small-business, #urban-areas, #working-farms-fund

Rory McIlroy Has a Long Game

He has won four majors, but with his investment fund he’s preparing for a life without golf.

#british-open-golf, #england, #finances, #golf, #mcilroy-rory, #professional-golfers-assn, #royal-st-georges-golf-club

No End to Whiplash in Meme Stocks, Crypto and More

With the pandemic starting to ease in the United States, many had expected a year of wild investments to slow. It hasn’t. Yet.

#amc-entertainment-holding-inc, #bitcoin-currency, #computers-and-the-internet, #dogecoin-project, #finances, #musk-elon, #nonfungible-tokens-nfts, #regulation-and-deregulation-of-industry, #robinhood-financial-llc, #social-media, #special-purpose-acquisition-companies-spac, #stocks-and-bonds, #virtual-currency

As Money Launderers Buy Dalís, U.S. Looks at Lifting the Veil on Art Sales

Secrecy has long been part of the art market’s mystique, but now lawmakers say they fear it fosters abuses and should be addressed.

#art, #art-dealers-assn-of-america, #auctions, #bouvier-yves, #dali-salvador, #finances, #financial-crimes-enforcement-network-treasury-department, #great-britain, #money-laundering, #philadelphia-pa, #rybolovlev-dmitry-evgenevich, #senate-permanent-subcommittee-on-investigations, #tax-shelters, #united-states-politics-and-government

Hit Hard by Pandemic, Philadelphia Orchestra and Kimmel Center to Merge

By joining forces, the two institutions hope to bounce back from the severe losses brought by the coronavirus.

#classical-music, #coronavirus-2019-ncov, #coronavirus-reopenings, #finances, #kimmel-center-for-the-performing-arts-philadelphia-pa, #mergers-acquisitions-and-divestitures, #philadelphia-pa, #philadelphia-orchestra, #philadelphia-orchestra-and-the-kimmel-center-inc, #theaters-buildings