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But for New York City, the scene — made up of migrants waiting for beds in the city’s overburdened shelter system — was unusual. And it raised a difficult question: Will this become a new normal? New York has avoided the kinds of widespread encampments that are more common in cities on the West Coast, largely because of a unique legal agreement that requires the city to provide a bed for anyone who requests one. No other major city in America has a similar mandate, known as a “right to shelter.”But what happens when a city that is obligated to provide shelter for everyone runs out of shelter? This week, Mayor Eric Adams declared, in dire terms, that there was no more room left for migrants.
Persons: , Eric Adams, Adams Locations: Midtown Manhattan, New York City, York, West Coast, America, San Francisco, Seattle, New York
Employees knew they were getting promoted if Pick told them to wear a tie the following day, an ex-managing director recalled. While Morgan Stanley currently trades at a premium among its Wall Street peers, its enviable success isn't thanks to Pick. Succession has traditionally been a bloody sport on Wall Street, and Morgan Stanley is no exception. Gonzalo Marroquin/Patrick McMullan via Getty Images Show less Morgan Stanley investment management head and dark horse in the race for CEO, Dan Simkowitz. Despite enjoying the stock price gains under Gorman's reign, plenty of longtime employees want another dyed-in-the-wool Morgan Stanley loyalist, according to a former senior executive.
Persons: Morgan Stanley, Ted Pick, Pick, Gucci loafers, Blackstone, Tony James, Morgan, James Gorman, Gorman, Andy Saperstein, Dan Simkowitz, John Mack, Ted, James, Phil Purcell, Mack, Purcell, Merrill Lynch, Paul Taubman, Colm Kelleher, coheads, Gonzalo Marroquin, Patrick McMullan, Saperstein, Euromoney, Parker Gilbert, He's, John, cohead, Bolu, Goldman Sachs, Pablo, tony, Betsey Kittenplan, Smith Barney, James cochairs, Jim Breyer, Anna Wintour, John Mack pranking Pick, John Waldron, Goldman, I'm, Howard Marks, Bill Parcells, atta, Brian Moynihan, aren't, David Solomon, Jamie Dimon's, Eaton Vance, he's, you've, Richard Drew, Organizations: Employees, Archegos Capital Management, Blackstone, McKinsey, Getty, Middlebury College, China Construction Bank, Harvard Business School, Mitsubishi, Wall, Autonomous Research, Anguilla, Agricultural Bank of China, Capital Management, Metropolitan Museum of Art, Vogue, New York Rangers, Oaktree Capital Management, Bloomberg, Staten, Disney, JPMorgan, Trade, AP Locations: China, Beijing, Manhattan, New York City, Caracas, Venezuela, Brookville, tony Long
A long and expensive wish list to upgrade New York City’s subway system is about to get a multibillion-dollar investment from the state’s much-contested plan to toll drivers for entering Midtown Manhattan. The congestion pricing program, which got crucial final approval from the federal government in June, would raise money while discouraging drivers from contributing to traffic and pollution by charging them a fee to enter south of 60th Street. Officials have said the tolls could begin as soon as spring 2024, although a legal challenge from New Jersey could threaten that timeline. The tolls collected by the program would be used by the Metropolitan Transportation Authority, which runs the subway, to make changes to the city’s public transit network. has not specified how it could spend congestion pricing proceeds.
Organizations: Metropolitan Transportation Authority Locations: New York, Midtown Manhattan, New Jersey
Several cowboy hats tipped upward toward the departures board at Penn Station, their wearers unusually excited to board a crowded, sweaty train to New Jersey. “Beyoncé, Track 14!” shouted a New Jersey Transit employee in a neon yellow vest. Commuters in sequins trampled over a “Caution: Wet Floor” sign in their rush to the escalators. It was 7 p.m. on Saturday, and an Uber from Midtown Manhattan to the Meadowlands cost about $70. Many Beyoncé fans instead took public transportation to MetLife Stadium in East Rutherford, where the singer would soon take the stage for her Renaissance World Tour.
Persons: , Organizations: Penn Station, New Jersey Transit, Midtown, Meadowlands, MetLife Locations: New Jersey, sequins, Midtown Manhattan, East Rutherford
In a dramatic scene, a construction crane atop a high-rise building in Midtown Manhattan burst into flames and partially collapsed onto the street on Wednesday morning, injuring 11 people, officials said. The fire began just before 7:30 a.m. in the engine compartment of the crane, 45 stories above the street at 550 10th Avenue, officials from the fire and buildings department said. A crane operator who had been working in the machine’s cabin, lifting 16 tons of concrete, saw the fire and tried but failed to put it out with a hand extinguisher before fleeing to safety. As the top part of the crane — and its 16-ton load — fell, it struck a neighboring building at 555 10th Avenue.
Locations: Midtown Manhattan
“Are any of you guys drinking Jack and Coke right now,” Jesus Valdes shouted at two women who were sipping cocktails during a crowded singles mixer at American Whiskey, a bar in Midtown Manhattan. They were not, and Mr. Valdes let out a sigh of frustration. He was playing Chaotic Bingo, a game in which guests were given a sheet that listed 25 characteristics they had to find in someone else, including someone who’s had sex this month and someone you’d want to kiss later. First one to circle five across received one free year of Tinder platinum. Mr. Valdes, 34, a professor from Staten Island, said that he had met a few people already that he was interested in, including one “stand out,” but that it was early and he still wanted to mingle.
Persons: Coke, ” Jesus Valdes, Valdes, who’s, . Valdes Locations: Midtown Manhattan, Staten Island
July 21 (Reuters) - The state of New Jersey sued the Biden administration on Friday seeking to block New York City's congestion pricing plan. Last month, the plan cleared a major roadblock when the U.S. Department of Transportation's Federal Highway Administration (FHWA) said the city had adequately assessed how the congestion charge would help the environment. New York City, which has the most congested traffic of any U.S. city, would become the first major city in the U.S. to follow London, which implemented a similar charge in 2003. New York lawmakers approved the plan in 2019 to provide funding to improve mass transit by using tolls to manage traffic in central Manhattan. The toll would generate $1 billion to $1.5 billion a year and support $15 billion in debt financing for mass transit improvement.
Persons: Biden, Donald Trump, David Shepardson, Angus MacSwan Organizations: U.S . Department of, Administration, FHWA, . New, Thomson Locations: New Jersey, York, Jerseyans, Midtown Manhattan, . New York City, U.S, London, ., . New York, Manhattan
New Jersey is suing the federal government to halt a congestion pricing program that will charge drivers to enter Midtown Manhattan, citing concerns that the tolling program will place unfair financial and environmental burdens on the state’s residents. In its complaint, filed on Friday in U.S. District Court in New Jersey, the state said it was challenging the Federal Highway Administration’s “decision to rubber-stamp” its approval of congestion pricing last month, which was the program’s final federal hurdle. The authority said the program, which aims to reduce traffic in New York City while raising billions of dollars for mass transit, could begin as soon as spring 2024. The lawsuit comes two days after a local panel appointed by the Metropolitan Transportation Authority convened for the first time to decide on toll rates. At that meeting, dozens of drivers, which included suburbanites, protested against the tolls.
Persons: suburbanites Organizations: Metropolitan Transportation Authority Locations: New Jersey, Midtown Manhattan, New York City
Using phone records and a sophisticated system that maps the reach of cell towers, a team of investigators had drawn the irregular shape across a map of tree-lined streets in the Long Island suburb of Massapequa Park. By 2021, the investigators had been able to shrink the polygon so that it covered only several hundred homes. In one of those homes, the investigators believed, lived a serial killer. A decade before, 11 bodies had been found in the underbrush around Gilgo Beach, a remote stretch of sand five miles away on the South Shore. He was charged with three of the murders, to which he has pleaded not guilty, and was named as the prime suspect in the fourth.
Persons: Rex Heuermann Organizations: Shore, Penn Locations: Long, Massapequa, Gilgo, Midtown Manhattan, Penn, Manhattan, Suffolk County
Bed-Stuy feels like a smaller universe within the larger New York City.”Mx. Saving to buy a home, which had felt like fantasy before the pandemic, suddenly felt possible. Haymon returned to Bed-Stuy, they were able to rent a two-bedroom with a balcony for $2,350 a month — a “Covid deal” that wouldn’t last forever. They reached out to Dalia Glazer, a real estate agent with Compass, and explained that they could spend up to $650,000 — as long as the down payment was only 5 percent. “I couldn’t go above 5 percent for a down payment,” Mx.
Persons: Miranda Haymon, , Haymon, , Dalia Glazer, Ms, Glazer Organizations: North Brooklyn ., Wesleyan University, Compass, Locations: New York City, Bedford, Stuyvesant, North Brooklyn, Boston, Connecticut, New York, Midtown Manhattan
Rex Heuermann in booking image from the Suffolk County Sheriff's Office. Suffolk County Sheriff's Office/APHeuermann is charged with three counts of first-degree murder for the killings of Melissa Barthelemy in 2009, and Megan Waterman and Amber Costello the following year, according to the Suffolk County District Attorney. His father had built satellites for a living, Heuermann told the interviewer. They first connected him to the killings last year while conducting a review of evidence under a newly formed task force, which included the Suffolk County Police Department, the Suffolk County Sheriff’s Office, the New York State Police and the FBI. Speaking of the arrest, Suffolk County Police Commissioner Rodney Harrison said Friday: “Rex Heuermann is a demon that walks among us.
Persons: Rex Heuermann, John F, he’s, Heuermann, , Kathy Hochul, , , Melissa Barthelemy, Megan Waterman, Amber Costello, Maureen Brainard, Barnes, Amber Lynn Costello, Michael Brown, ” Heuermann, it’s, Barthelemy, selfies “, hank, Tierney, Heuermann’s, Investigators, ” Tierney, Shannan Gilbert, Gilbert, Brainard, Waterman, Rodney Harrison, “ Rex Heuermann Organizations: CNN, Catholic Charities, American Airlines, Kennedy International Airport, WABC, ” New York Gov, Netflix, Sheriff's, Suffolk County Sheriff's, Attorney, Police Department, Associates, Heuermann, Suffolk County Police Department, Sheriff’s Office, New York State Police, FBI, Avalanche, Authorities, Suffolk County, Craigslist, Suffolk County Police Locations: Manhattan, Shore, Long, Suffolk, Suffolk County, Megan Waterman Suffolk, homey, Massapequa, Nassau County, Heuermann, New York City, Heuermann’s, Gilgo, Oak Beach, Gilgo Beach, Hauppauge
CNN —A top investigator on the Gilgo Beach serial killings task force described the suspect, Rex Heuermann, as a “demon” and said authorities are still working full-time on the case that has terrorized the Long Island community for more than a decade. Suffolk County Sheriff's Office/AP“There are still things that we have to do. It includes investigators from Suffolk County Police, New York State Police, the Sheriff’s Department, the District Attorney’s Office, the FBI and others. Suffolk County Deputy Police Commissioner Anthony Carter speaks with CNN's Polo Sandoval. CNNHe said the task force feared for public safety and the possibility their suspect may have set his sights on another potential victim.
Persons: Rex Heuermann, , Anthony Carter, , ” Carter, ” Heuermann, Long, Heuermann, Carter, “ They’ve, Rodney Harrison, CNN's Polo Sandoval, Heuermann’s Organizations: CNN, Suffolk County, Police, New York City, ” CNN, Suffolk County Sheriff's, Rex Heuermann . Suffolk County Sheriff's, Suffolk County Police, New York State Police, Sheriff’s Department, Office, FBI Locations: Long, New York, Shore, York, Suffolk, Rex Heuermann . Suffolk County, Gilgo, New, Suffolk County, Midtown Manhattan
Heuermann has not been charged in the case, but the investigation “is expected to be resolved soon,” the document states. I can only imagine what you’ve had to endure over the last decade regarding knowing that your killer was still loose. “For each of the murders, he got an individual burner phone, and he used that to communicate with the victims. By mid-March, Heuermann’s name showed up on authorities’ radar after a New York state investigator identified him in a database, according to Tierney. The victims’ remains “were out in a tough environment for a prolonged period of time.
Persons: , Rex Heuermann, , Melissa Barthelemy, Megan Waterman, Amber Costello, Maureen Brainard, Barnes, Heuermann, “ Rex Heuermann, Rodney Harrison, , ” Harrison, Shannan Gilbert, Ray Tierney, Harrison, Heuermann’s, Tierney, Kevin P Coughlin, ” Tierney, CNN’s Anderson Cooper, Amber Lynn Costello, Gilbert Organizations: CNN, Police, New, Technology, Suffolk County Crime Laboratory, FBI, Police Department, Authorities Locations: Long Island , New York, New York City, Suffolk County, Suffolk, Gilgo, Manhattan, Long Island, New York, Oak Beach , New York, Megan Waterman Suffolk
Speaking to reporters outside a home in the Long Island town of Massapequa, Suffolk County Police Commissioner Rodney Harrison said on Friday that a male suspect had been arrested at 8:30 p.m. on Thursday in Midtown Manhattan. He did not identify the suspect but said a grand jury was expected to hand down an indictment on Friday afternoon. Harrison said more information would be provided at a press conference at 4 p.m. (2000 GMT) on Friday. Police have said that one person might be responsible for all the murders. Reporting by Rami Ayyub and Julia Harte; Editing by Howard Goller and Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.
Persons: Rex, Rodney Harrison, Harrison, Rami Ayyub, Julia Harte, Howard Goller, Bill Berkrot Organizations: YORK, Suffolk County District, Suffolk County Police, Craigslist, Police, Thomson Locations: New York, Suffolk County, Gilgo, New York City, Suffolk, Massapequa, Long, Midtown Manhattan
It may seem counterintuitive, but the pandemic was like a brief visit to Shangri-La for Wall Street. For the first time in years, Wall Street has to sing for its supper. A return to the office also means a return to more-classic Wall Street social norms. Wall Street, for all its highfalutin personalities and big paydays, is an apprenticeship system. For Wall Street, the heart of the pandemic was a moment to consider what life would be like at a slower, more-nurturing pace.
Persons: You've, Crypto, Dealmaking, Goldman Sachs, me, Seth Klarman, Klarman, Lee Felty, Harrison, Felty, Jim Chanos, Chanos, Jamie Dimon, David Solomon wouldn't, Fenty, Goldman, Solomon, Wall, Young, It's, Al Mare, Topping Rose, Jean, Georges, Maison, Wall Streeter, Linette Lopez Organizations: Wall, JPMorgan, Hamptons, CNBC, Compass, Chanos, East Hampton, Citigroup, Bloomberg, SoHo Locations: New York, East, Manhattan, Long, Stocks, Bridgehampton, It's
The palatial Beaux-Arts library on Fifth Avenue guarded by a pair of stone lions was not where Farrah Denson wanted to be when she was a teenager growing up on the Upper West Side. She felt like she had to be on her best behavior and not touch anything. And she dreaded climbing all the steps to the main entrance. “I felt like I was going to a courthouse,” said Ms. Denson, now 34, who lives in Jersey City. “It wasn’t a place you’d want to hang out in.”Today, the New York Public Library’s celebrated research library — officially known as the Stephen A. Schwarzman building — is still as imposing as ever, set in its elegant lot in the middle of the skyscrapers of Midtown Manhattan, but it has become a far more welcoming place.
Persons: Farrah Denson, , , Denson, Stephen A Organizations: New York Public Locations: Jersey City, , Midtown Manhattan
The wildfire that destroyed Lorraine Toussaint’s house in Malibu, Calif., in November of 2018 did not leave her unsheltered — she had a rental apartment in Midtown Manhattan — but it did leave her unmoored. Home has to have dirt and plants,” said the Trinidad-and-Tobago-born Ms. Toussaint, 63, a series regular on the CBS crime drama “The Equalizer,” who is spending her summer playing Gertrude in the Shakespeare in the Park production of “Hamlet.” (Performances run through Aug. Almost exactly a year after that signal loss, Ms. Toussaint was shooting an indie film in and around Rhinebeck, N.Y., and began to explore. “I was really kind of desperate to find a place that would let me escape New York,” she said. “I love all that the city has to offer, but it’s a lot for me.”She had looked at a raft of prospective hideaways in New Jersey, but was now caught by the charms of the Hudson Valley.
Persons: Lorraine Toussaint’s, , , , Toussaint, Gertrude Organizations: CBS Locations: Malibu , Calif, Midtown Manhattan, Trinidad, Tobago, Rhinebeck, N.Y, New York, New Jersey, Hudson
The job of family offices, investment firms tasked with managing the fortunes of the ultra-rich, has never been about getting massive returns. Which is why Hayley Cuccinello's story on family offices investing in artificial intelligence is so fascinating. Hayley spoke to executives at family offices about how they're navigating the modern-day gold rush that is AI investing. Of course, a lot of those deals never materialized and most family offices have now largely eschewed digital currencies altogether. The difference is family offices have largely gotten in on AI long before the bandwagon arrived, Hayley reports.
Persons: Dan DeFrancesco, It's, we've, Samantha Lee, Hayley Cuccinello's, Hayley, it's, Read, Erin McDowell, Goldman, Bill Gates, Morgan Stanley, James Gorman, Caniacs, Jeffrey Cane, Hallam Bullock Organizations: Mastercard, Refinitiv, Intelligence, Gates Ventures, Wall Street, LinkedIn Locations: Here's, Wall, Silicon, insider.com, Spain, Austin , Texas, Midtown Manhattan, New York City, New York, London
Moving forward, I'll be a senior reporter on our flagship newsletter, Insider Today. Insider Today takes you inside the biggest stories in business, including tech. We're working on revamping Insider Today, and we want your feedback. Please fill out this quick, five-question survey to let us know what you want to see in the newsletter. Before we say "Bye Bye Bye" here — see you soon at Insider Today!
Persons: I'm, Siu, you've, you'll, Rebecca Zisser, we've, Elon Musk, Steve Jobs, Asia Martin, Arantza Pena Popo, Oran Cummins, Satya Nadella, William Bullock, Robert, Teodora Danilovic, Michael Parks, Diamond Naga Siu, Lisa Ryan, Alistair Barr, Hallam Bullock Organizations: Getty, Apple, Microsoft, OceanGate Expeditions Locations: Tech, Silicon, Midtown Manhattan, York City, San Diego, New York City, Silicon Valley, London
How Might Congestion Pricing Actually Work in New York?
  + stars: | 2023-06-28 | by ( Ana Ley | ) www.nytimes.com   time to read: 1 min
New York City is ready to build a first-in-the-nation congestion pricing program, designed to collect billions of dollars to fund mass transit while discouraging drivers from jamming up Midtown Manhattan. It is an ambitious undertaking that will serve as either a model or cautionary tale for cities across the country with similar climate change and traffic reduction goals. Kathy Hochul on Tuesday celebrated the plan’s final approval by the federal government, which paved the way for a local panel to begin deciding on toll rates, discounts, exemptions and other allowances. The group was appointed by the Metropolitan Transportation Authority, which runs the region’s subway and bus network, and it will hold its first meeting July 19. The authority says the program could begin as soon as spring 2024.
Persons: Kathy Hochul Organizations: Gov, Metropolitan Transportation Authority Locations: York City, Manhattan
June 26 (Reuters) - A New York City plan to charge a daily toll on vehicles entering or remaining in the central business district got a boost on Monday from the U.S. Department of Transportation, which said the city had adequately assessed how the congestion charge would help the environment. Menendez has introduced legislation that would cut 50% of federal highway grant funding to New York state if the plan goes ahead. In May, USDOT approved release of the final environmental assessment for New York's congestion pricing plan for public review. Following entry into a tolling agreement, tolling could begin up to 310 days later, the city said in May. New York City, which has the most congested traffic of any U.S. city, would become the first major city in the U.S. to follow London, which implemented a similar charge in 2003.
Persons: Bob Menendez, Josh Gottheimer, Bill Pascrell, Menendez, USDOT, Donald Trump, David Shepardson, Mark Porter, Matthew Lewis Organizations: U.S . Department of Transportation, Administration, Democratic, York Metropolitan Transportation Authority, . New, Thomson Locations: York City, U.S, New Jersey, New York, Midtown Manhattan, . New York City, London, ., . New York, Manhattan, Washington
Born, bred, toasted, buttered, jelly-jammed and honeyed in Harlem.”That’s how Audrey Smaltz, a former model and fashion industry veteran who turned 86 this month, introduced herself to me years ago at a Midtown Manhattan reception. She was the grande dame of the room, floating through it, incandescent, fun and unabashedly flirty. “I had fabulous men in my life,” she told me recently, but in 1999, the Olympic basketball star Gail Marquis, 17 years Smaltz’s junior, asked her out to dinner. Smaltz didn’t think of it as a date and said she had no interest in women at the time. But when Marquis kissed her good night, Smaltz recalled, “it was like kissing a man.” She said, “I couldn’t believe myself,” then laughed, punctuating the thought: “Whoa!”They married in 2011.
Persons: , , Audrey Smaltz, Gail Marquis, Smaltz didn’t, Marquis, Smaltz, Gallup Organizations: Olympic, Pew Research Center Locations: Harlem, Manhattan
Opinion | R.I.P., the Sun Triangle
  + stars: | 2023-06-21 | by ( Peter Coy | ) www.nytimes.com   time to read: +2 min
It was an obtuse triangle whose steepest side pointed directly at the sun at solar noon — the moment in the day when the sun is highest overhead — on the summer solstice. The Sun Triangle, as Spilhaus named it, gave off a Stonehenge vibe to those who knew what it was. People would gather beneath the giant triangle — once described by The New York Times as resembling the head of a pterodactyl — and watch the shadow beneath it shrink as solar noon approached. This year the Northern Hemisphere’s summer solstice occurred on Wednesday at 10:58 a.m. Eastern Daylight Time. Solar noon in Manhattan came about two hours later, at 12:57 p.m. (Solar noon jumps ahead an hour on the clock during daylight saving time.
Persons: Athelstan Spilhaus Organizations: Sun, The New York Times Locations: Midtown Manhattan, Americas, Manhattan
Wood bikes an average of 40 to 50 miles a day shepherding food and other products to people's doorsteps. The next day, he woke up and did another full day of work outside, despite the city's record-setting poor air quality and a noticeable toll on his lungs. You have to be willing to work in the weather conditions that nobody else wants to work in," Wood says. Delivery workers are among the many kinds of jobs that require outdoor labor. Construction workers, landscapers and highway maintenance laborers, for example, have to spend the majority of their day outside, according to the Bureau of Labor Statistics.
Persons: Josh Wood, Uber, Wood, doorsteps, It's, Ligia Guallpa Organizations: Empire, CNBC, Unidos, Workers ' Justice, Deliveristas Unidos, Bureau of Labor Statistics Locations: Canada, New York City, midtown Manhattan, York City, New York, landscapers
The U.S. National Weather Service extended air quality alerts for another day for the East Coast from New England to South Carolina, as well as parts of the Midwest, including Ohio, Indiana and Michigan. The U.S. Air Quality Index (AQI) measures five major pollutants, including particulate matter produced by fires. While the faint smell of burning wood lingered, the smothering blanket of yellow and orange-tinged haze appeared to thin out, bringing a modicum of relief. "We urge residents and visitors to follow precautions related to the 'Code Purple' air quality alert." Large swaths of Michigan are also under red flag warnings due to dangerous fire weather conditions in both of the state's peninsulas, according to the weather agency.
Persons: Mike Segar, Peter Mullinax, We're, Mullinax, IQAir, Muriel Bowser, Bill Blair, Tyler Clifford, Jonathan Oatis Organizations: Trade Center, REUTERS, The U.S, National Weather Service, Health, U.S . Air, Belmont, Washington, Thomson Locations: Manhattan, New York City, Jersey City , New Jersey, United States, The, East Coast from New England, South Carolina, Ohio , Indiana, Michigan, New York, Washington, Philadelphia, Ohio, Newark , New Jersey, U.S, Dhaka, Hanoi, Swiss, Maryland , Pennsylvania, Delaware, Baltimore, Canada
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