Yesterday, it was reported that Mayor Michael Bloomberg would buy back 20% of his company, Bloomberg L.P., from Merrill Lynch for $4.5 billion. That figure finally gave the media more of an idea of his wealth. Forbes had estimated Bloomberg's wealth in the neighborhood of $5.2 billion, but now that he'll own closer to 80-90% of Bloomberg L.P, the number is at least ten billion more. The Sun suggests it's "about $20 billion", while the......

Today on the Gothamist Newsmap: a water condition at Surf Ave. and West 8th St. in Brooklyn, a car vs. building at 49th St. and 5th Ave. in Manhattan, and a fatality with a person under a subway train at Sutter and Snediker Aves. in Brooklyn. The editors at The New York Times apologize for asserting that Presidential candidate Ron Paul was allied with white supremacists and the American Nazi Party. Racked notes that......

New York City's Conflict of Interest Board ruled that there was no problem in Deputy Mayor Dan Doctoroff continuing to work with real estate developers on multi-billion dollar real estate projects while a city employee, even though he'll be shortly negotiating with these same developers as a private citizen and President of Bloomberg LP, the Mayor's media corporation. According to the New York Post, the board cited "extraordinary circumstances" and said that Doctoroff's negotiations on......

Mayor Bloomberg's generosity has been noted from educational institutions (like his alma mater Johns Hopkins) and even city organizations (like the World Trade Center Memorial Foundation). He gave staffers on his re-election campaign payouts as big as $300,000-400,000. And when Deputy Mayor Dan Doctoroff announced he would leave City Hall to become president of the mayor's business, Bloomberg LP, it suggested that the Mayor rewarded staffers he trusts. Well, the NY Times now looks......

Deputy Mayor Dan Doctoroff, who was in charge of Economic Development and Rebuilding in the Bloomberg administration, announced he would resign by the end of the year. The Post called the news "stunning," but we'd like to call it "classic," because his new job will be president of a little company called Bloomberg LP. At a City Hall press conference, Mayor Bloomberg said, "As a result of Dan's efforts, we've allowed for the creation of......

Mayor Bloomberg spoke out about the various lawsuits alleging that his company, Bloomberg LP, discriminates against women. He believes that he was personally named in one of lawsuits "because I’m so visible, that obviously I’m a target." He added, "We think there's no substance to it whatsoever and the company will vigorously defend it and that's that. The Mayor has things more interesting by seemingly equivocating on his role at Bloomberg LP. After last week's......

Mayor Bloomberg was named in a bias lawsuit filed by three former Bloomberg LP employees. This now accompanies a lawsuit, which charges that female employees were discriminated against, that the Equal Employment Opportunity Commission filed against the billionaire's media company earlier this week. The lawsuit says, "Upon information and belief, Michael Bloomberg is responsible for the creation of the systemic, top-down culture of discrimination which exists within Bloomberg." The Sun reports that the three women,......

Today on the Gothamist Newsmap: An unstable building in Murray Hill; a "serious trauma" not far from Shea Stadium in Queens; a bank robbery at Avenue A and 4th Street; and at 777 6th Ave there was a barricaded EDP (emotionally disturbed person). Remember those chemicals found at the United Nations? It turns out that they were probably just cleaning supplies. Hopefully these aren't the same tests the organization uses for biological weapons. If......

There's nothing like an endorsement from Gray's Papaya to show that NYC generally likes Mike. But it seems that to hinge upon his subway straphanger credentials - will the hot dog eatery reconsider, given that he is chauffeured to a subway station 22 blocks away (when there's one four blocks away), only likes to take the express and that his spokesman thinks people who like riding the subway need a shrink (hello, universal health......

+ Oh Jesus-- is the city really stupid enough to demolish Officer's Row and replace it with a supermarket? We're betting yes. + Remember that weird Bear Mountain suicide back in June? The husband just got arrested for "reckless endangerment, promoting a suicide and endangering children." + Dick Grasso is going to have to give back some of the $187.5m he already got from the NYSE. The judge threw out his request for another......

Mayor Bloomberg's press secretary, Ed Skyler, was named a deputy mayor, making the 32 year old the youngest deputy mayor in quite a while. Skyler, whom The Politicker calls the "arch-maven of media, will be the Deputy Mayor For Administration, which means he will assist Bloomberg with managing agencies like the NYPD, FDNY, Office of Emergency Management, and Office of Labor Relations and actually oversee agencies such as the Department of Sanitation, Department of Citywide......

The big news rocking the world of Democratic mayoral hopefuls is that Reverend Al Sharpton won't endorse a candidate this year. In other words, the Reverend Al is just like Gothamist and many other voters: Wondering if there are any strong messages in the Democratic candidates. He noted that this will be the first time in 20 years he will not be involved in a Democratic primary, but, of course, Sharpton did leave himself an......

While the Mayor and City Council Speaker Gifford Miller may seem similar - they are white...they live on the Upper East Side...uh... - they actually aren't, and the NY Times examined their extremely political spitting match. Gothamist liked how Mayor Bloomberg views Miller as unaccomplished and unambitious, because next to him, who can be (this does not bode well for prospective suitors for Emma and Georgina), but there was another quote that got us thinking:City......

Ah, there's nothing like billionaires bitching about tax breaks to make the little man feel really pissed. The Mayor brought up how New York Region > Cablevision Tax Break Draws Fire as Stadium Feud Deepens" href="http://www.nytimes.com/2004/11/17/nyregion/17cablevision.html">Cablevision, owner of Madison Square Garden, gets a tax break of hundreds of millions. This was Bloomberg's way to retaliate against Cablevision's criticism of the his pet plan for a new Jets Stadium. However, as the NY Times noted, the......