Tuesday, July 1st By Jimmy Vielkind in Albany, Azi Paybarah in Manhattan, and Mike Allen in Washington THE TALK OF WALL STREET – “2014 Is On Track To Become The Second Biggest Year For M&A In History,” by Business Insider’s Rob Wile: “M&A activity has hit $750 billion through June, a level we havent seen in years, thanks to cash-flush corporations, steadily improving growth, and rising CEO confidence, according to Goldman Sachss David Kostin. This is up by around 50% from a year ago.” The record, of course, was in 2007. goo.gl/hScnoj THE REGULATOR BANKERS FEAR—BBC’s Kamal Ahmed: Benjamin Lawsky, the superintendent of the Department of Financial Services, the main New York State regulator, is a name now high on the speed dial list of every major banking chief executive. Lawskys approach is very different from European regulators. Evidence is published and incendiary claims detailed. Mr Lawsky has also made it clear that fining institutions is not enough. Corporations are a legal fiction. You have to deter bad individual conduct within corporations, he said. bbc.in/1m3vYXL -- BNP Paribas will pay a $2.24 billion penalty to New York state and the D.F.S. as part of their $8.9 billion fine. bit.ly/1ltfEv2 CARDS ON THE TABLE: More than a dozen companies submitted 17 proposals to the state for the right to run casinos in New York. See the full list of bidders here. bit.ly/1r929Zm. FRONT PAGES -- Times, 2-col under the fold: “Grieving Father Pulls a Thread That Unravels Illegal Bank Deals” -- Post: “USA swoops in for cup kill” -- News: “Terror at the Airport” -- amNY: “KING OF TV: Report: More shows picking NYC over L.A.” -- Metro: “Gunman shoots two, kills self in Gowanus” EAT BEAT -- New York magazine 17-page spread, “The Underground Gourmets Top 101 New Cheap Eats,” by Grub Street’s Robin Raisfeld and Rob Patronite: “Way back in 2006 [the last ranking of the mag’s 101 favorite inexpensive and moderately priced restaurants in New York], Shake Shack was only two years old and its potent influence on the cheeseburger-scape had yet to be fully felt. Smoked-meat scholars still considered the term ‘New York City barbecue’ a hilarious oxymoron. … Remember the Korean-fried-chicken craze? What about the cheese steak boom? We’ve watched the food trucks rev up, then shift into neutral. … --“Shake Shack to Close Madison Square Park Outpost for 5 Months,” by DNAinfo’s James Fanelli: “Get a ShackBurger while you can. Danny Meyer is shaking things up at his original Shake Shack — with a major renovation that will likely shutter the operation, and its famously long lines, for five months. … [T]he celebrity restaurateurs wildly popular Madison Square Park fast-food joint will close for an overhaul of its kiosks interior and exterior. The rehab comes on the 10th anniversary of its opening on the parks south side.” goo.gl/VPCF8x NOW WE KNOW -- “Study: Cell Service On The New York Subway Still Sucks,” by BuzzFeed’s Joseph Bernstein: “Over three days in early May, [Global Wireless Solutions] engineers ran mobile benchmarking tests on trains throughout the city, and found that only two stretches of track provided data network access with more than a 50% success rate: the 7 train between Grand Central and Times Square (74%) and the E train from 50th Street to Lexington Ave/53rd Street (52%). …[The rest of the list:] [3.] 6 train … 35% success rate [4.] B, D trains … 23% success rates [5.] 1 train … 20% success rate [6.] A, C trains … 16% success rates [7.] L train … 15% success rate [8.] 2, 3 trains … 14% success rates [9.] J, Z trains … 12% success rates [10.] (Tied) E train … 11% success rate; N, Q, R trains … 11% success rates [11.] F Train … 8% success rate” goo.gl/5LhlMq PIC OF THE DAY: A hawk in the Capitol courtyard was devouring pigeons. bit.ly/1k7IEIV ERYKAH BADU: music sensation, TV news crasher -- News’ Lee Moran: “Videobombers are an occupational hazard for TV news reporters — but what do they do when its an international R&B star crashing the shot? Thats the dilemma Pix 11s Mario Diaz found himself dealing with as he covered Shia LaBouefs latest antics live from Midtown on Friday. The journalist was speaking to camera when ‘On & On’ singer Erykah Badu strutted up behind. “Edging into frame, the bizarrely hatted diva opened up her coat — before making an obscene hand gesture. With a cheeky grin, she then sauntered up to Diaz and tried to plant a kiss on his cheek — but he kept his cool and fended her off with a polite ‘excuse me.’” goo.gl/GCaZ3l SPEED READ: --“Sanitation official argues against alternate-side changes,” by Capital’s Nidhi Prakash: “The department objects to the bill, officials said, because it would impede their ability to go back and double-clean streets, a common practice especially during the fall. ‘If we didn’t need to go back around the block, it wouldn’t be an issue. But very frequently we’ve had to go back,’ said Paul Visconti, the departments assistant chief of cleaning operations. It is a ‘misconception,’ Visconti said, that anyone sitting in a parked car is immediately issued a summons when street cleaners approach.” For Capital Pro subscribers: goo.gl/j2K42X --“Grand Central Entrance Named For Jacqueline Kennedy Onassis,” by CBS New York: “A newly-renovated entrance at Grand Central Terminal has been named for former First Lady Jacqueline Kennedy Onassis.A special dedication ceremony was held Monday.In 1975, Onassis led a movement against a plan to build a 55-story tower on top of the landmarked building. Three year later, the U.S. Supreme Court upheld the city’s Landmark Law, which was being challenged by developers. … The Jacqueline Kennedy Onassis Foyer at Park Avenue and East 42nd Street features a plaque honoring her efforts.” goo.gl/MhQWre --“George Carlin Way to Take Over West 121st Street,” by DNAinfo’s Ben Fractenberg: “The late, great George Carlin, whose scathing humor poked holes in society, religion and politics for half a century, will be memorialized on a street sign on West 121st Street between Broadway and Morningside Drive.” goo.gl/lJT0GM --“NY1 to end use of term ‘illegal immigrant’,” by Capital’s Jeremy Barr: “NY1 will no longer use the term ‘illegal immigrant’ in stories, news director Dan Jacobson told staff in a June 27 memo obtained by Capital. Instead, staff are encouraged to indicate that an individual is ‘here illegally,’ with ‘undocumented immigrant’ as a permissible fallback. ‘Undocumented is a little Orwellian—its not like people misplaced their documents or left them at home,’ Jacobson wrote. ‘But I also understand the much more damaging impact of branding someone illegal, which many interpret is the case when we use the shorthand illegal immigrant. goo.gl/2mKIFH --“Condé Nast starts its migration downtown,” by Capital’s Nicole Levy: “Condé Nast began its move to downtown Manhattan [yesterday] … The companys technology group, archives team and Condé Nast Entertainment all started working Monday at 222 Broadway, not far from 1 World Trade Center, where the rest of Condé Nasts workforce will begin moving this November. About 300 employees relocated from 1166 Avenue of the Americas to floors 15, 16 and 17 at 222 Broadway.” goo.gl/Pi0RUv COMING ATTRACTIONS -- “Heres What the Tory Burch Soho Flagship Will Look Like,” by Racked’s Laura Gurfein: “The new Tory Burch flagship store in Soho is a ‘slam dunk’—or at least the Landmarks Preservation Committee thinks so. Last week, they approved updated plans for the townhouse-style building … The original building plans asked the commission for a five-story building with a rooftop garden, but this time around, renderings like the one above showed only four floors—ten feet less than the maximum height theyre allowed to build.” Pictures: goo.gl/PwExk5 MEDIA -- “Bloomberg LP names Deirdre Bigley Global Chief Marketing Officer” -- Release: “She will report to Bloomberg’s CEO and President Dan Doctoroff and oversee all marketing strategy for the company and its products globally. Bigley succeeds Maureen McGuire, who joined Bloomberg in 2009 as the company’s first Chief Marketing Officer. McGuire will continue working part-time at the company on special projects that focus on philanthropy, diversity and leadership. Bigley joined Bloomberg five years ago as the head of global marketing communications … Prior to joining Bloomberg in 2009, Bigley spent 13 years at IBM”. goo.gl/ExA8Bm BROADWAY -- “Musical of First Wives Club heads to Broadway,” by AP’s Mark Kennedy: “The comedy about a trio of vengeful ex-spouses has been revamped and rewritten for the stage by Emmy Award-nominee Linda Bloodworth Thomason … The musical will make its debut at Chicagos Oriental Theater next spring, with hopes it can come to Broadway in the 2015-2016 season. The 1996 film ‘The First Wives Club,’ starring Bette Midler, Goldie Hawn and Diane Keaton, was based on Olivia Goldsmiths novel about three women who are dumped by their powerful husbands for slim, young trophy wives. The first wives band together and take back their lives in style.” goo.gl/V0mJ6v --“Kelli OHara and Ken Watanabe to Lead The King and I Broadway Revival,” by Playbill’s Adam Hetrick: “Lincoln Center Theater has announced that five-time Tony Award nominee Kelli OHara will star as Anna Leonowens opposite Ken Watanabe in his Broadway debut as the King of Siam in a 2015 Broadway revival of Rodgers and Hammersteins The King and I.… [D]irector Bartlett Sher, who earned a Tony Award for the 2008 Lincoln Center Theater Broadway revival of South Pacific, will helm The King and I, which will begin previews March 12, 2015, at the Vivian Beaumont Theater. … The revival will include the original Jerome Robbins choreography … The original Robert Russell Bennett orchestrations will also be used.” goo.gl/NzeIif FIXING THE STUYVESANT PROBLEM -- Experts discuss how to diversify the city’s specialized high schools -- Capital’s Eliza Shapiro: Capital asked a panel of education and testing experts how they would go about diversifying the city’s specialized high schools. Their ideas ranged broadly—from implementing a quota system to creating a University of Texas-inspired top-10 percent plan—highlighting the lack of any one obvious solution. The experts said the work required some kind of system-wide change that would create better school options for minority students from the outset, a fundamental barrier to improving urban school districts across the country. Many said gaining admission to these schools is only the beginning of the challenge; the system would have to make changes to ensure all students succeed in a highly competitive, sink-or-swim atmosphere. bit.ly/TxpK7r FRACKING BANS UPHELD -- Capital’s Scott Waldman: The states highest court on Monday affirmed the right of two small upstate New York towns to ban fracking within their borders. The case involving Dryden, in Tompkins County, and Middlefield, in Otsego County, will have major implications across the state and possibly nationwide, as it will embolden small town boards, environmental lawyers and others to craft their own bans or moratoriums on high-volume hydraulic fracturing in their communities, environmentalists say.” bit.ly/1z31Gdz QUOTE OF DAY: “To take the money that people are trying to spend to help disabled veterans just to feed your own overhead and to pay off your executives as Quadriga did here is pretty despicable.” -- NYS Attorney General Eric Schneiderman to CNN: goo.gl/kiqj14 MOVING -- Maria Alvarado-Behl, the longtime City Council spokeswoman started a new job this week as the director of public affairs for the Downtown Alliance. Alvarado helped shaped communications and messaging for the past two City Council speakers, Gifford Miller and Christine Quinn. She’s a native of Texas who also makes a pretty darn good homemade salsa. BRATTON’S CALL: YOUNG PEOPLE AND GUNS -- Capital’s Azi Paybarah: NYPD commissioner Bill Bratton told a graduating class of 606 new police officers that the department’s new mission is to “to save the children of this city—too many young people in this city carrying guns,” he said. The comments came after a bloody weekend in the city, in which four people were killed and 19 wounded in a spate of unrelated shootings. Bratton also told the recruits they “need to work with men of the Muslim faith” in order to prevent them from “being recruited” into terrorism and conflict abroad. bit.ly/1m3vj8D NY-13 — Harlem after Rangel — Times’ Nikita Stewart: The demographics are changing, and so is the economy of Harlem. Does the neighborhood that is also a global brand still need an iconic congressman like Charlie Rangel or Adam Clayton Powell Jr.? Stewart: “What does Harlem, in this day and age, really represent? … The Harlem where the streets bubbled with debates led by W.E B. DuBois, Malcolm X or Marcus Garvey is long gone. … Yet residents do not seem to be yearning for another Powell, or the next Rangel—or even this one—to lead them. … Harlem voters make up less than half of the congressional district, which includes a swath of the Bronx; more than half the district’s voting-eligible residents are Hispanics. More than ever, Harlem is less a clearly identified voting bloc than an idea. A brand.” goo.gl/Eak4lR -- 2016 candidate speculation: former governor David Paterson; former assemblyman Adam Clayton Powell IV, Councilwoman Inez Dickens, Assemblyman and state Democratic Party chairman Keith Wright, and former White House aide Clyde Williams make the list. via News’ Jan Ransom: goo.gl/cUqvRO SCOOP -- First union endorsement -- ATU Local 1181 endorsed Robert Jackson, who is running for the state senate seat in Manhattan currently occupied by Espaillat. It’s the first union to endorse in the race. “Robert Jackson has demonstrated a real commitment to the values of organized labor and of working class New Yorkers,” said Michael Cordiello, the president of ATU Local 1181. Jackson is a former councilman who was term limited from office in 2013. He also supported Rangel for re-election this year, against Espaillat. “INSIDE UBER’S POLITICAL WAR MACHINE” by Daily Beast’s Olivia Nuzzi: “‘We’re in a political campaign, and the candidate is Uber, and the opponent is an asshole named Taxi,’ Travis Kalanick, the CEO of ride-sharing company Uber, said while on stage at a conference in late May. ‘Nobody likes him, he’s not a nice character, but he’s so woven into the political machinery and fabric that a lot of people owe him favors.’ “Kalanick wasn’t bluffing. Uber really is the candidate: It has been interviewing potential campaign managers--real ones, from real presidential campaigns--for months. A source close to the hiring process told me, ‘They want somebody who has been steeped in that political warfare.’ “... In the process of trying to force regulators to concede to its enormous popularity, ‘Uber’ has become, in some ways, a loaded political term. And observers and participants alike are questioning, in real time, how much government interference is too much. Uber, which in June was valued at $17 billion, appears to be launching a full-scale political operation—complete with backroom operators and face-saving strategists. “To combat governmental hostility, Uber has hired political muscle all over the country: in D.C., it has the Franklin Square Group (Apple, Google). In New York, it has Bradley Tusk (Michael Bloomberg’s former campaign manager). In Chicago, it has Michael Kasper (the lawyer who got Rahm Emanuel on the ballot). Additionally, it has lobbyists in Miami, Baltimore, Houston, and Denver. … “ goo.gl/zslmLL #UpstateAmerica: “You will be able to ride a dinosaur at this years New York State Fair.” bit.ly/1lu3v9i DESSERT: “This Is What’s Behind the Walls of the Domino Sugar Factory,” with photos by Rob Dobi in The Observer: goo.gl/7VR8y0 ================================= Go to Capital New York for todays edition and our archive >> capitalnewyork/playbook =================================
Posted on: Tue, 01 Jul 2014 12:19:54 +0000
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