Street Parking Permits in New York City? They’re on Legislature’s List.

New York State lawmakers’ proposed budget called for higher taxes on the ultrawealthy, parking permits for city residents and retention of the state’s bail laws.

#bail, #budgets-and-budgeting, #charter-schools, #high-net-worth-individuals, #hochul-kathleen-c, #law-and-legislation, #metropolitan-transportation-authority, #new-york-state, #parking, #politics-and-government, #real-estate-and-housing-residential, #state-legislatures

Budget Wars: This Time Is Different

Biden is making sense. Republicans aren’t.

#federal-budget-us, #high-net-worth-individuals, #national-debt-us, #republican-party, #taxation

Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes

The president proposed trillions of dollars in new spending that has no chance of passing a Republican House, even as he sought to reduce deficits by raising taxes on business and the rich

#biden-joseph-r-jr, #federal-budget-us, #high-net-worth-individuals, #national-debt-us, #tax-credits-deductions-and-exemptions, #taxation, #united-states-economy, #united-states-politics-and-government

Why Companies Are Pushing Premium Products With Higher Prices

Companies are trying to maintain fat profits as the economy changes, making “premiumization” their new favorite buzzword.

#company-reports, #gentrification, #high-net-worth-individuals, #inflation-economics, #luxury-goods-and-services, #personal-finances, #prices-fares-fees-and-rates, #united-states-economy

G.O.P. Donors in New York Await a Parade of Presidential Hopefuls

Donald Trump’s support in the city’s wealthy political circles is waning, as 2024 rivals and potential candidates, including Nikki Haley and Mike Pence, make the rounds.

#campaign-finance, #high-net-worth-individuals, #new-york-city, #pence-mike, #pompeo-mike, #presidential-election-of-2024, #republican-party, #trump-donald-j, #united-states-politics-and-government, #youngkin-glenn-a

Elizabeth Koch Knows What You’re Thinking

The daughter of Charles Koch, the billionaire right-wing political force, has a new venture that is all about self-investigation. Two words: Perception Box.

#content-type-personal-profile, #high-net-worth-individuals, #internal-sub-only, #koch-industries-inc, #koch-charles-g, #koch-elizabeth-robinson, #psychedelic-and-hallucinogenic-drugs, #unlikely-collaborators-inc

Hedge Fund Billionaire Gets Billions More to Retire

Bridgewater’s founder, Ray Dalio, retired last year after months of negotiations that guaranteed him a gigantic exit package.

#appointments-and-executive-changes, #bar-dea-nir, #bertolini-mark-t, #bridgewater-associates, #content-type-personal-profile, #dalio-raymond-1949, #hedge-funds, #high-net-worth-individuals, #mccormick-david-h-1965, #pensions-and-retirement-plans, #retirement, #workplace-environment

Koch Network, Aiming to ‘Turn the Page’ on Trump, Will Play in the G.O.P. Primaries

The move by the alliance of conservative donors could provide an enormous boost to a Republican alternative to the former president.

#americans-for-prosperity, #campaign-finance, #conservatism-us-politics, #desantis-ron, #high-net-worth-individuals, #koch-charles-g, #koch-david-h, #palm-springs-calif, #pence-mike, #presidential-election-of-2024, #primaries-and-caucuses, #republican-party, #short-marc, #singer-paul-e, #trump-donald-j, #united-states-politics-and-government

Gautam Adani’s Rise Was Intertwined With India’s. Now It’s Unraveling.

The tycoon often said the Adani Group’s goals were in lock step with India’s needs. Now, the company’s fortunes are crashing, a collapse whose pain will be felt across the country.

#adani-group, #adani-gautam-s, #frauds-and-swindling, #high-net-worth-individuals, #india, #modi-narendra, #politics-and-government, #stocks-and-bonds

Gawker Is Dead (Again) But Its Influence Lives On

It started with smirk and it ended with a bang, and in between it changed the media universe.

#baldwin-alec, #brown-michael-1996-2014, #celebrities, #computers-and-the-internet, #decisions-and-verdicts, #denton-nick, #epstein-jeffrey-e-1953, #freedom-of-the-press, #goldberg-bryan-1983, #high-net-worth-individuals, #hogan-hulk, #magazines, #manhattan-nyc, #musk-elon, #new-york-city, #news-and-news-media, #social-media, #stalking-crime, #stewart-jon, #suits-and-litigation-civil, #television, #thiel-peter-a, #wrestling, #writing-and-writers

As Parisians March to Fight Pension Changes, Shopkeepers Nod and Agree

Angry protests over a plan to raise France’s retirement age pile uncertainty on small businesses, but most are siding with the demonstrators.

#arnault-bernard, #demonstrations-protests-and-riots, #france, #high-net-worth-individuals, #lvmh-moet-hennessy-louis-vuitton-sa, #macron-emmanuel-1977, #paris-france, #pensions-and-retirement-plans, #retirement, #strikes

Gautam Adani Lost $36 Billion in Days. Who Is He, and What Happened?

Gautam Adani is facing perhaps his biggest challenge yet as a small U.S. investment firm accuses his Indian conglomerate of fraud and stock manipulation.

#adani-group, #adani-gautam-s, #anderson-nathan-1984, #high-net-worth-individuals, #hindenburg-research, #india, #short-selling

Entrepreneurs Flee China’s Heavy Hand: ‘You Don’t Have to Stay There’

Weary of crackdowns and lockdowns, businesspeople are moving out of China and taking their wealth with them. Many have found a new home in Singapore.

#china, #entrepreneurship, #high-net-worth-individuals, #immigration-and-emigration, #singapore

World Economic Forum in Davos Confronts a New Order

The Covid-19 pandemic, invasion of Ukraine, trend toward autocracy and economic inequalities challenge the World Economic Forum’s relevance.

#capitalism-theory-and-philosophy, #davos-switzerland, #democracy-theory-and-philosophy, #economic-conditions-and-trends, #global-warming, #high-net-worth-individuals, #international-trade-and-world-market, #nationalism-theory-and-philosophy, #putin-vladimir-v, #russian-invasion-of-ukraine-2022, #supply-chain

I.R.S. Backlogs Continue as Republicans Mount Offensive

The National Taxpayer Advocate expressed hope that better days were ahead for the tax collection agency.

#high-net-worth-individuals, #inflation-reduction-act-of-2022, #internal-revenue-service, #taxpayer-advocate-service, #united-states-politics-and-government

At Nearly $1 Billion, Mega Millions Jackpot Is Among Biggest

The next drawing for the $940 million jackpot is Friday night. Since 2016, five multistate lottery jackpots have exceeded that amount, including two in the past year.

#gambling, #high-net-worth-individuals, #lotteries, #wanczyk-mavis

Trump’s Tax Audit Shows Depths of IRS Funding Woes

The agency lacks the resources to go after rich taxpayers. For years, a single revenue agent was responsible for the audits of Donald J. Trump.

#high-net-worth-individuals, #house-committee-on-ways-and-means, #internal-revenue-service, #tax-evasion, #taxation, #trump-tax-returns, #trump-donald-j, #united-states-politics-and-government

‘Major Trustee, Please Prioritize’: How NYU’s E.R. Favors the Rich

Dozens of doctors said the nonprofit hospital pressured them to give preferential treatment to donors, trustees and their families.

#colleges-and-universities, #electronic-health-records, #emergency-medical-treatment, #high-net-worth-individuals, #hospitals, #income-inequality, #internal-sub-only, #new-york-university, #your-feed-healthcare

Why Petulant Oligarchs Rule Our World

The cult of the genius entrepreneur has done a lot of damage.

#bankman-fried-sam, #entrepreneurship, #high-net-worth-individuals, #hk-ftx-trading-ltd-futures-exchange, #musk-elon, #tesla-motors-inc, #twitter

Musk Asks Twitter Users If He Should Step Down After Fury Over His Policies

Fury mounted over Mr. Musk’s moves to prevent Twitter users from sharing links to other social media platforms. The billionaire also asked whether he should remain as head of the service.

#appointments-and-executive-changes, #censorship, #computers-and-the-internet, #high-net-worth-individuals, #hiring-and-promotion, #mergers-acquisitions-and-divestitures, #musk-elon, #polls-and-public-opinion, #social-media, #twitter

Twitter Suspends Over 25 Accounts That Track Billionaires’ Private Planes

The suspended accounts include one that followed the private plane of Elon Musk, Twitter’s owner.

#computers-and-the-internet, #freedom-of-speech-and-expression, #high-net-worth-individuals, #musk-elon, #private-aircraft, #social-media, #twitter

Sam Bankman-Fried and Schlubby Style

Sam Bankman-Fried’s choices may signal an end to the schlubby mystique.

#bankman-fried-sam, #california, #computers-and-the-internet, #dress-codes, #frauds-and-swindling, #galloway-scott, #high-net-worth-individuals, #hk-ftx-trading-ltd-futures-exchange, #jobs-steven-p, #t-shirts-apparel, #your-feed-fashion, #zuckerberg-mark-e

Sam Bankman-Fried Interview: Read the Transcript

In a discussion with Andrew Ross Sorkin of The New York Times, Sam Bankman-Fried blamed “huge management failures” and sloppy accounting for the collapse of the FTX cryptocurrency exchange.

#alameda-research-llc, #appointments-and-executive-changes, #banking-and-financial-institutions, #bankman-fried-sam, #bankruptcies, #bitcoin-currency, #bitfinex, #committee-on-foreign-investment-in-the-united-states-cfius, #compensation-for-damages-law, #credit-and-debt, #frauds-and-swindling, #futures-and-options-trading, #high-net-worth-individuals, #hk-ftx-trading-ltd-futures-exchange, #new-york-times, #news-and-news-media, #ponzi-and-pyramid-schemes, #regulation-and-deregulation-of-industry, #sorkin-andrew-ross, #stocks-and-bonds, #suits-and-litigation-civil, #united-states, #venture-capital, #virtual-currency

Epstein Estate Agrees to Pay U.S. Virgin Islands More Than $105 Million

The estate of the disgraced financier Jeffrey Epstein will repay tax benefits and half the proceeds from the sale of an island he owned.

#black-leon-d, #compensation-for-damages-law, #epstein-jeffrey-e-1953, #george-denise-n, #high-net-worth-individuals, #maxwell-ghislaine, #racketeering-and-racketeers, #sex-crimes, #southern-trust-co, #suits-and-litigation-civil, #virgin-islands-us, #wills-and-estates

Musk, Bezos, Bankman-Fried, Trump: It Was a Bad Week for Billionaires

Musk, Bezos, Bankman-Fried, Trump: some of our most prominent billionaires laid waste to their carefully cultivated image as benevolent saviors.

#amazon-com-inc, #antitrust-laws-and-competition-issues, #bankman-fried-sam, #bezos-jeffrey-p, #cnn, #computers-and-the-internet, #electric-and-hybrid-vehicles, #high-net-worth-individuals, #hk-ftx-trading-ltd-futures-exchange, #labor-and-jobs, #layoffs-and-job-reductions, #mar-a-lago-palm-beach-fla, #midterm-elections-2022, #musk-elon, #ocasio-cortez-alexandria, #philanthropy, #politics-and-government, #sanders-bernard, #social-media, #trump-donald-j, #twitter, #winners-take-all-the-elite-charade-of-changing-the-world-book, #workplace-hazards-and-violations

Elon Musk Heads to Court to Defend His Billions in Tesla Pay

A shareholder is asking the court to void a 2018 compensation package that has paid the chief executive nearly $50 billion.

#automobiles, #boards-of-directors, #corporations, #delaware, #denholm-robyn, #electric-and-hybrid-vehicles, #executive-compensation, #high-net-worth-individuals, #mccormick-kathaleen-st-j, #musk-elon, #stocks-and-bonds, #suits-and-litigation-civil, #tesla-motors-inc, #twitter

FTX’s In-House Performance Coach Is Just as Surprised as You Are

George K. Lerner, a psychiatrist who has worked at the collapsed crypto exchange FTX since last year, said he had no knowledge of wrongdoing at the firm.

#anxiety-and-stress, #bankman-fried-sam, #bankruptcies, #drugs-pharmaceuticals, #high-net-worth-individuals, #hk-ftx-trading-ltd-futures-exchange, #labor-and-jobs, #psychiatry-and-psychiatrists, #regulation-and-deregulation-of-industry, #sequoia-capital, #workplace-environment

Jeff Bezos Says He Will Give Away Most of His Fortune to Charity

The Amazon founder, estimated to be worth $124 billion, suggested in an interview on CNN that he would donate most of his money to charity during his lifetime.

#amazon-com-inc, #bezos-jeffrey-p, #high-net-worth-individuals, #philanthropy, #sanchez-lauren-1969, #scott-mackenzie

The Fall of FTX’s Sam Bankman-Fried Puts Crypto Industry on Edge

The rapid collapse of FTX, built by the billionaire Sam Bankman-Fried, suggests that no company in the freewheeling, loosely regulated crypto industry is safe.

#bankman-fried-sam, #binance, #bitcoin-currency, #coinbase-inc, #computers-and-the-internet, #high-net-worth-individuals, #hk-ftx-trading-ltd-futures-exchange, #social-media, #virtual-currency, #zhao-changpeng

Ronald Lauder: New York’s Billionaire Political Disrupter

The cosmetics heir has pumped at least $11 million into efforts to elect Representative Lee Zeldin, a Republican, as governor of New York.

#campaign-finance, #content-type-personal-profile, #elections-governors, #estee-lauder-companies-inc, #high-net-worth-individuals, #hochul-kathleen-c, #lauder-ronald-s, #midterm-elections-2022, #new-york-state, #politics-and-government, #republican-party, #term-limits-political-office, #zeldin-lee-m

The G.O.P. Plot Against Medicare and Social Security

Never mind the “populism,” it’s still a rich man’s party.

#elderly, #high-net-worth-individuals, #income-inequality, #longevity, #medicare, #midterm-elections-2022, #republican-party, #republican-study-committee, #social-security-us, #tax-evasion, #united-states-politics-and-government

Fueled by Billionaires, Political Spending Shatters Records Again

In the money race between America’s billionaires and small donors, the emerging political oligarchy is showing staying power. Both parties have megadonors, but Republicans have far more.

#bloomberg-michael-r, #campaign-finance, #democracy-theory-and-philosophy, #griffin-kenneth-c, #high-net-worth-individuals, #mellon-timothy-1942, #midterm-elections-2022, #political-advertising, #soros-george, #uihlein-richard, #united-states-politics-and-government

Twitter in the Time of Elon Musk

What comes next for the social media giant now that it’s under the stewardship of the wealthiest person in the world?

#audio-neutral-informative, #computers-and-the-internet, #high-net-worth-individuals, #musk-elon, #social-media, #twitter

Elon Musk, Plus a Circle of Confidants, Tightens Control Over Twitter

The billionaire and a group of his friends and advisers are working on layoff plans and how to swiftly change Twitter’s product, said people with knowledge of the matter.

#advertising-and-marketing, #appointments-and-executive-changes, #calacanis-jason, #computers-and-the-internet, #corporate-social-responsibility, #high-net-worth-individuals, #layoffs-and-job-reductions, #mobile-applications, #musk-elon, #online-advertising, #social-media, #twitter, #workplace-environment

Elon Musk Takes Twitter, and Tech Deals, to Another Level

Silicon Valley moguls used to buy yachts and islands. Now they are rich enough, and perhaps arrogant enough, to acquire companies they fancy.

#benioff-marc, #bezos-jeffrey-p, #case-stephen-m, #computers-and-the-internet, #corporate-social-responsibility, #high-net-worth-individuals, #innovation, #mergers-acquisitions-and-divestitures, #musk-elon, #omidyar-pierre-m, #silicon-valley-calif, #social-media, #thiel-peter-a, #twitter, #zuckerberg-mark-e

For Rishi Sunak, Family Wealth From Outsourcing Adds to a Secretive Fortune

Britain’s new prime minister married into an $800 million stake in Infosys, a company that does not fit neatly into his party’s views on immigration.

#conflicts-of-interest, #conservative-party-great-britain, #great-britain, #high-net-worth-individuals, #infosys-technologies-ltd, #international-relations, #murthy-n-r-narayana, #murty-akshata, #politics-and-government, #sunak-rishi-1980

Elon Musk Is Buying Twitter. Shudder.

Rogue billionaires have appeared before, and they will appear again. But this one will control our “digital town square.”

#carnegie-andrew, #freedom-of-speech-and-expression, #high-net-worth-individuals, #kennedy-joseph-p, #musk-elon, #regulation-and-deregulation-of-industry, #rumors-and-misinformation, #social-media

How Elon Musk Became a Geopolitical Chaos Agent

The world’s richest man has inserted himself in some of the world’s most combustible conflicts.

#computers-and-the-internet, #cyberwarfare-and-defense, #high-net-worth-individuals, #international-relations, #musk-elon, #politics-and-government, #russian-invasion-of-ukraine-2022, #social-media, #space-exploration-technologies-corp, #starlink-satellite-constellation-spacex, #tesla-motors-inc, #twitter, #united-states-politics-and-government

How Rich Is Rishi Sunak, Britain’s Incoming Prime Minister?

Just how rich is the soon-to-be prime minister of Britain?

#appointments-and-executive-changes, #great-britain, #high-net-worth-individuals, #murty-akshata, #politics-and-government, #sunak-rishi-1980

She’s Inheriting Millions of Euros. She Wants Her Wealth Taxed Away.

Marlene Engelhorn, 30, heir to a fortune, isn’t interested in philanthropy, believing it only perpetuates existing power dynamics. She’s calling for structural change to how the ultrarich are taxed.

#amsterdam-netherlands, #austria, #content-type-personal-profile, #high-net-worth-individuals, #inheritance-and-estate-taxes, #institute-on-taxation-and-economic-policy, #internal-sub-only, #marlene-engelhorn, #patriotic-millionaires, #philanthropy, #resource-generation

Peter Thiel, Major U.S. Political Donor, Is Said to Pursue Maltese Citizenship

Obtaining citizenship in Malta would provide another passport for Mr. Thiel, who is one of the largest individual donors for the U.S. midterm elections.

#citizenship-and-naturalization, #computers-and-the-internet, #elections, #elections-senate, #high-net-worth-individuals, #malta, #masters-blake-1986, #midterm-elections-2022, #nationalism-theory-and-philosophy, #passports, #thiel-peter-a, #valletta-malta, #venture-capital

Elon Musk Has the World’s Strangest Social Calendar

When the world’s richest man isn’t tweeting, he’s flying to Burning Man, trying to impress comedians and hopping on yachts.

#bars-and-nightclubs, #burning-man-festival, #content-type-personal-profile, #high-net-worth-individuals, #internal-sub-only, #musk-elon, #paypal, #tesla-motors-inc

How a Scottish Moral Philosopher Got Elon Musk’s Number

In a few short years, effective altruism has become the giving philosophy for many Silicon Valley programmers, hedge funders and even tech billionaires.

#bankman-fried-sam, #corporate-social-responsibility, #effective-altruism, #ethics-personal, #givewell, #high-net-worth-individuals, #macaskill-william-1987, #musk-elon, #open-philanthropy, #philanthropy, #philosophy, #singer-peter-1946

Elon Musk’s Twitter Bid Puts Pressure on the Banks Backing Him

Looming in the background of Mr. Musk’s $44 billion offer to buy the company is whether financing challenges will provide him with an escape hatch from a deal.

#andreessen-horowitz, #bank-of-america-corporation, #banking-and-financial-institutions, #barclays-plc, #computers-and-the-internet, #ellison-lawrence-j, #high-net-worth-individuals, #mergers-acquisitions-and-divestitures, #morgan-stanley, #musk-elon, #social-media, #twitter

Where Red and Blue Make Green

Part of the resistance or part of the problem? It doesn’t matter: These lawyers are part of the gang.

#conflicts-of-interest, #covingtonburling, #haspel-gina, #high-net-worth-individuals, #kingspalding, #legal-profession, #lobbying-and-lobbyists, #politics-and-government, #regulation-and-deregulation-of-industry, #rosenstein-rod-j, #skadden-arps-slate-meagherflom-llp, #white-mary-jo, #yates-sally-q-1960

MacKenzie Scott May No Longer Have a Partner in Philanthropy

The billionaire’s second husband, a teacher, does not appear on her public profile anymore.

#dan-jewett, #divorce-separations-and-annulments, #high-net-worth-individuals, #marriages, #philanthropy, #scott-mackenzie

Chinese Billionaire Richard Liu Faces Sexual Assault Trial in the US

Richard Liu, also known as Liu Qiangdong, will be one of the few high-profile Chinese figures to face a courtroom jury over sexual assault allegations.

#metoo-movement, #china, #high-net-worth-individuals, #jd-com, #liu-jingyao, #liu-richard, #minneapolis-minn, #sex-crimes, #suits-and-litigation-civil

Why Zombie Reaganomics Still Rules the G.O.P.

MAGA is in charge, but policy caters to the wealthy.

#conservatism-us-politics, #high-net-worth-individuals, #midterm-elections-2022, #regulation-and-deregulation-of-industry, #republican-party, #taxation, #united-states-economy

Are Geotubes the Answer to Nantucket’s Climate Change Threat?

In an increasingly litigious conflict, the island’s residents are clashing over how to deal with the effects of climate change: Push back or accept what’s coming?

#arcadis-us-inc, #beaches, #coast-erosion, #coastal-areas, #geotubes, #global-warming, #high-net-worth-individuals, #nantucket-mass, #oceans-and-seas, #real-estate-and-housing-residential, #sand-and-gravel, #woods-hole-oceanographic-institution

Philanthropy, the Billionaires’ Way

Patagonia founder Yvon Chouinard’s decision to give away billions to fight climate change was made possible by an increasingly popular tax maneuver.

#adidas-ag, #capital-gains-tax, #chouinard-yvon, #gap-inc, #gensler-gary-s, #high-net-worth-individuals, #patagonia-inc, #philanthropy, #seid-barre, #tiktok-bytedance, #west-kanye