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Bloomberg

Hong Kong Is New Target of U.S. Crackdown On Global Tax Evasion

bloomberg.com | David Voreacos, Carlyn Kolker and Alan Katz | Posted 05.25.2011 | World

Hong Kong is a new target of U.S. prosecutors pursuing a global campaign against evaders of federal taxes, spurred by data acquired in their crackdown...

Bloomberlusconi Wins in New York!

Tony Hendra | Posted 05.25.2011 | New York
Tony Hendra

Flouting the law, sneering at democracy, bachelor-at-large Michele Bloomberlusconi triumphed yesterday in his flagrant third-time purchase of the top spot in the supposedly smartest city in the world.

Designers Rally To Save NYC Garment District

Huffington Post | Mallika Rao | Posted 05.25.2011 | New York

Hundreds gathered on Wednesday in the heart of New York City's garment district to sway city officials against a decision that may push out the strugg...

National Democrats Choose Not To Aid William Thompson Jr. In Mayoral Race Against Bloomberg

AP | SARA KUGLER | Posted 05.25.2011 | New York

NEW YORK — A Democrat is struggling to unseat the mayor of the nation's largest city, but top party leaders are staying on the sidelines. The D...

3 Tips to Take Control of Fat Bottoms and Your Bottom Line!

Robyn O'Brien | Posted 11.17.2011 | Healthy Living
Robyn O'Brien

As the poor are being turned away from free cancer screenings, the US is buckling under the weight of obesity. Over the past 20 years there has been a dramatic increase in obesity.

John Mack, Morgan Stanley CEO: I Love Regulators! (VIDEO)

Posted 05.25.2011 | Business

Morgan Stanley CEO John Mack appears to have no problem financial regulators. In fact, Mack, speaking at a financial journalist panel held by Bloomber...

How Budget Cuts at the Times Helped Give NYC Bloomberg III

Steven G. Brant | Posted 05.25.2011 | New York
Steven G. Brant

Why weren't Bloomberg's well-known plans for global business news domination a bigger issue in the recent mayoral race? There was a failure of reporting at the Times caused by budget cuts.

John Reed, Former Citigroup CEO, APOLOGIZES For Creating Monster Of A Bank

The Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

It may be the most direct apology of the financial crisis. Former Citigroup chairman and CEO, John Reed, has apologized to a Bloomberg reporter fo...

The Full Story of How Tim Geithner Secretly Bailed Out Wall Street at Your Expense

Henry Blodget | Posted 05.25.2011 | Business
Henry Blodget

One of AIG's goals last fall was to persuade the counterparties to the credit default swaps it had written to accept buyouts as low as 40 cents on the dollar. Then Tim Geithner, head of the New York Fed, stepped in.

BusinessWeek and Bloomberg: Congrats to the Happy Couple!

Fortune's Stanley Bing | Posted 05.25.2011 | Business
<i>Fortune</i>'s Stanley Bing

It turns out that fewer magazines folded in 2009 than in the two years prior. While USA Today is way down right now, the Wall Street Journal has crept up to take its place.

PPIP: Banks 'Making A Killing' On Government Toxic Asset Program

Posted 05.25.2011 | Business

Remember the Public-Private Investment Program (PPIP)? The Treasury Department unveiled the program in March and intended it as a way to help banks un...

NYC Mayor Spent Record $102M To Win 3rd Term

AP | COLLEEN LONG | Posted 05.25.2011 | New York

NEW YORK — Mayor Michael Bloomberg spent at least $102 million to narrowly win a third term, breaking his previous records for the most expensiv...

Bloomberg Announces Massive Budget Cuts

nypost.com | Posted 05.25.2011 | New York

In one of the steepest budget cuts he's ordered in recent years, Mayor Bloomberg yesterday demanded spending slashes of 4 percent in fiscal year 2010 ...

Freelancers Hit With Tax After Reprieve

Village Voice | Camille Dodero | Posted 05.25.2011 | New York

Last week the Freelancer's Union sent an email encouraging its 75,000 members to go out and stump for Michael Bloomberg's reelection campaign. "Will y...

Tens of People Breathing Easier on Atlantic Yards Issue

Matt Rodigheri | Posted 05.25.2011 | New York
Matt Rodigheri

A slideshow from the Saturday March by Develop, Don't Destroy Brooklyn.

Gun Show Loopholes Tracked By New York City; Dealers Allowed Purchase To Undercover Gun Buyers Who Admitted Spotty Records

The Associated Press | Sara Kugler | Posted 05.25.2011 | New York

NEW YORK (AP)-- New York City officials secretly videotaped dozens of firearm purchases they say were illegal at gun shows in states that have not clo...

Bloomberg Drops Greenhouse Gas Initiative

New York Times | Posted 05.25.2011 | Green

After intense opposition from building owners, Mayor Michael R. Bloomberg has dropped the most far-reaching initiative of his plan for reducing greenh...

Morgan Stanley CEO Calls for More Regulation of Wall Street at Vanity Fair-Bloomberg Event

Katya Wachtel | Posted 05.25.2011 | Business
Katya Wachtel

Morgan Stanley CEO John Mack was cheekily ambushed by Bloomberg's Margaret Brennan Wednesday night.

Washington Post, Bloomberg To Launch News Service

AP | MICHAEL LIEDTKE | Posted 05.25.2011 | Media

SAN FRANCISCO — The Washington Post and Bloomberg News are teaming up in a new partnership that will distribute their political and financial co...

JPM's Jamie Dimon: Banks Should Not Be Too Big To Fail

bloomberg.com | David Reilly | Posted 05.25.2011 | Business

Sept. 30 (Bloomberg) -- It was surprising to hear JPMorgan Chase & Co. Chief Executive Jamie Dimon say, "It would be a very bad long-term policy error...

An Estate Tax Victory By Any Other Name

Chuck Collins | Posted 05.25.2011 | Politics
Chuck Collins

Sometimes you can't declare victory until the other side concedes defeat. That's what happened Monday in the decade-long struggle over the future of the estate tax, our nation's only levy on inherited wealth.

Colorado Poverty Rates Up According To Latest Census Data

Posted 05.25.2011 | Denver

The AP reports that new census data indicates the poverty rate--defined by the "a family of four earning less than $22,050 a year... or an individual...

City Plan To Add Supermarkets, Fresh Food To Poorer Areas

New York Times | DIANE CARDWELL | Posted 05.25.2011 | New York

The Bloomberg administration, in its ever-expanding campaign to make New Yorkers eat better, has already clamped down on trans fats, deployed fruit ve...

Mayor Bloomberg's Health Rules Don't Apply To Him

New York Times | MICHAEL BARBARO | Posted 05.25.2011 | New York

He dumps salt on almost everything, even saltine crackers. He devours burnt bacon and peanut butter sandwiches. He has a weakness for hot dogs, cheese...

Bloomberg Submits Bid For BusinessWeek

BusinessWeek | Posted 05.25.2011 | Media

After being given a few days' grace past the September 15 deadline for final bids for BusinessWeek, Bloomberg LP submitted its bid for the 80-year old...