Results tagged “finances”

Amanda Ernst is dancing for pennies as the new editor of Mediabistro's Fishbowl NY. This morning she appeared on the Today Show with her financial guru, telling the tale of how she went from making $50K/year at Condé Nast to just $1,666/month (about $20K/year) at the house of Laurel Touby. Livin' the dream. Some tips: cut out your gym membership, New York Times subscription, and social life whilst earning extra bucks babysitting.

News about Rep. Charles Rangel's assets—and his problems disclosing them—continues to trickle in. After adding $500,000 in previously undisclosed assets to his 2007 finance report, the Post revealed that he also forgot to disclose the sale of a Harlem townhouse—worth as much as $1.3 million—and also that he "failed to reveal a staggering $3 million in various business transactions over the same period." This, from the chairman of the House Ways and Means Committee!

So much for the State Legislature moving forward on a plan to introduce $2 tolls on currently free East River and Harlem River bridges—opposition from State Senators (from even within his own Democratic party as well as other Democratic state and city officials) has forced State Senate Majority Leader Malcolm Smith's hand into delaying any sort of decision by demanding an audit of the MTA's finances. Wait, there was no audit of the MTA's finances before a deal would be made?

This summer Roc-a-Fella Records co-founder Damon Dash received a warning from his bank after having not made a payment on his $78,504.20-a-month mortgage since January. Now the Daily News is reporting that the bank wants his two Tribeca condos, which under the same mortgage and located at 25 N. Moore Street and 79 Laight Street. On top of losing the homes, the city is seizing his SUV and "his lawyer dropped him for not paying his legal bills." Yikes, what happened to the $20 million he got for selling his half of Roc-a-Fella to Jay-Z? He also has an outstanding $2.1 million bill from the New York State Department of Taxation and Finance. A lawyer who settled another suit against him and his wife for unpaid fees told the paper, "to borrow a phrase from my Kentucky homeland, they haven't got a pot to piss in - they're broke."