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Dean Nowak- Former Newbridge Securities Broker -Has Multiple Pending Customer Disputes- Winter Park, FL
Dean Nowak Investigation March 2023- Winter Park, FL According to publicly available records Dean Nowak, a broker previously employed by Newbridge Securities Corporation,  discloses 5 pending customer disputes. The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to reportâŚ
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#Dean Nowak#Dean Nowak Investigation#finra arbitration attorney#newbridge investigation#Newbridge Securities Corp. complaint#newbridge securities problems#recover investment losses#stockbroker malpractice#stockbroker negligence#Taylor Capital Management complaint
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FINANCIAL EDUCATION:
Certainly! Here's a list of suggested books, videos, and materials for each point of the financial education program:
Personal Finance Basics:
Book: "The Total Money Makeover" by Dave Ramsey
Video: "Budgeting 101" by Khan Academy
Material: Budgeting templates and worksheets
Financial Goal Setting:
Book: "Your Money or Your Life" by Vicki Robin and Joe Dominguez
Video: "Setting Financial Goals" by The Financial Diet
Material: Goal-setting worksheet and visualization exercises
Banking and Financial Institutions:
Book: "The Money Book for the Young, Fabulous & Broke" by Suze Orman
Video: "How Banks Work" by Learn Liberty
Material: Online banking simulation or case studies
Credit and Debt Management:
Book: "Debt-Free Forever: Take Control of Your Money and Your Life" by Gail Vaz-Oxlade
Video: "Understanding Credit and Credit Scores" by Khan Academy
Material: Sample credit reports and interactive debt repayment calculators
Investing and Wealth Building:
Book: "The Intelligent Investor" by Benjamin Graham
Video: "Investing for Beginners" by Investopedia
Material: Simulated stock market portfolios and investment research tools
Taxes and Tax Planning:
Book: "J.K. Lasser's Your Income Tax 2023: For Preparing Your 2022 Tax Return" by J.K. Lasser
Video: "Tax Basics: Introduction to Taxation" by TurboTax
Material: Sample tax forms and interactive tax calculators
Introduction to Entrepreneurship:
Book: "The Lean Startup" by Eric Ries
Video: "How to Start a Startup" by Stanford University
Material: Business plan templates and case studies of successful startups
Consumer Rights and Financial Protection:
Book: "Consumer Reports Buying Guide 2023" by Consumer Reports
Video: "Understanding Your Rights as a Consumer" by Federal Trade Commission
Material: Sample consumer complaints and guides on avoiding scams
Retirement Planning:
Book: "The Bogleheads' Guide to Retirement Planning" by Taylor Larimore, Mel Lindauer, and Richard A. Ferri
Video: "Retirement Planning Basics" by NerdWallet
Material: Retirement savings calculators and retirement income projections
Financial Decision-Making:
Book: "Thinking, Fast and Slow" by Daniel Kahneman
Video: "The Art of Decision Making" by TED-Ed
Material: Case studies with decision-making frameworks and exercises
Financial Ethics and Social Responsibility:
Book: "Doing Well and Good: The Human Face of the New Capitalism" by Willie Pieterson
Video: "The Moral Roots of Liberals and Conservatives" by TED Talk with Jonathan Haidt
Material: Discussions on ethical dilemmas and real-life examples of socially responsible investing
Financial Technology and Innovation:
Book: "The Fintech Book: The Financial Technology Handbook for Investors, Entrepreneurs, and Visionaries" by Susanne Chishti and Janos Barberis
Video: "How Fintech Is Changing Finance" by CNBC
Material: Case studies on fintech startups and demonstrations of digital payment platforms
These resources provide a range of educational materials to supplement the financial education program, including books for in-depth knowledge, videos for visual learning, and interactive materials to engage students actively. Remember to
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âThis essay has been kicking around in my head for years now and Iâve never felt confident enough to write it. Itâs a time in my life Iâm ashamed of. Itâs a time that I hurt people and, through inaction, allowed others to be hurt. Itâs a time that I acted as a violent agent of capitalism and white supremacy. Under the guise of public safety, I personally ruined peopleâs lives but in so doing, made the public no safer⌠so did the family members and close friends of mine who also bore the badge alongside me.
But enough is enough.
The reforms arenât working. Incrementalism isnât happening. Unarmed Black, indigenous, and people of color are being killed by cops in the streets and the police are savagely attacking the people protesting these murders.
American policing is a thick blue tumor strangling the life from our communities and if you donât believe it when the poor and the marginalized say it, if you donât believe it when you see cops across the country shooting journalists with less-lethal bullets and caustic chemicals, maybe youâll believe it when you hear it straight from the pigâs mouth.â
>>Copied here in case anyone gets paywalled when they click the above. The full article is...a lot.<<
WHY AM I WRITING THIS
As someone who went through the training, hiring, and socialization of a career in law enforcement, I wanted to give a first-hand account of why I believe police officers are the way they are. Not to excuse their behavior, but to explain it and to indict the structures that perpetuate it.
I believe that if everyone understood how weâre trained and brought up in the profession, it would inform the demands our communities should be making of a new way of community safety. If I tell you how we were made, I hope it will empower you to unmake us.
One of the other reasons Iâve struggled to write this essay is that I donât want to center the conversation on myself and my big salty boo-hoo feelings about my bad choices. Itâs a toxic white impulse to see atrocities and think âHow can I make this about me?â So, I hope youâll take me at my word that this account isnât meant to highlight me, but rather the hundred thousand of me in every city in the country. Itâs about the structure that made me (that I chose to pollute myself with) and itâs my meager contribution to the cause of radical justice.
YES, ALL COPS ARE BASTARDS
I was a police officer in a major metropolitan area in California with a predominantly poor, non-white population (with a large proportion of first-generation immigrants). One night during briefing, our watch commander told us that the city council had requested a new zero tolerance policy. Against murderers, drug dealers, or child predators?
No, against homeless people collecting cans from recycling bins.
See, the city had some kickback deal with the waste management company where waste management got paid by the government for our expected tonnage of recycling. When homeless people âstoleâ that recycling from the waste management company, they were putting that cheaper contract in peril. So, we were to arrest as many recyclers as we could find.
Even for me, this was a stupid policy and I promptly blew Sarge off. But a few hours later, Sarge called me over to assist him. He was detaining a 70 year old immigrant who spoke no English, who heâd seen picking a coke can out of a trash bin. He ordered me to arrest her for stealing trash. I said, âSarge, câmon, sheâs an old lady.â He said, âI donât give a shit. Hook her up, thatâs an order.â And⌠I did. She cried the entire way to the station and all through the booking process. I couldnât even comfort her because I didnât speak Spanish. I felt disgusting but I was ordered to make this arrest and I wasnât willing to lose my job for her.
If youâre tempted to feel sympathy for me, donât. I used to happily hassle the homeless under other circumstances. I researched obscure penal codes so I could arrest people in homeless encampments for lesser known crimes like âremaining too close to railroad propertyâ (369i of the California Penal Code). I used to call it âplanting warrant seedsâ since I knew they wouldnât make their court dates and we could arrest them again and again for warrant violations.
We used to have informal contests for who could cite or arrest someone for the weirdest law. DUI on a bicycle, non-regulation number of brooms on your tow truck (27700(a)(1) of the California Vehicle Code)⌠shit like that. For me, police work was a logic puzzle for arresting people, regardless of their actual threat to the community. As ashamed as I am to admit it, it needs to be said: stripping people of their freedom felt like a game to me for many years.
I know what youâre going to ask: did I ever plant drugs? Did I ever plant a gun on someone? Did I ever make a false arrest or file a false report? Believe it or not, the answer is no. Cheating was no fun, I liked to get my stats the âlegitimateâ way. But I knew officers who kept a little baggie of whatever or maybe a pocket knife that was a little too big in their war bags (yeah, we called our dufflebags âwar bagsââŚ). Did I ever tell anybody about it? No I did not. Did I ever confess my suspicions when cocaine suddenly showed up in a gang memberâs jacket? No I did not.
In fact, let me tell you about an extremely formative experience: in my police academy class, we had a clique of around six trainees who routinely bullied and harassed other students: intentionally scuffing another traineeâs shoes to get them in trouble during inspection, sexually harassing female trainees, cracking racist jokes, and so on. Every quarter, we were to write anonymous evaluations of our squadmates. I wrote scathing accounts of their behavior, thinking I was helping keep bad apples out of law enforcement and believing I would be protected. Instead, the academy staff read my complaints to them out loud and outed me to them and never punished them, causing me to get harassed for the rest of my academy class. Thatâs how I learned that even police leadership hates rats. Thatâs why no one is âchanging things from the inside.â They canât, the structure wonât allow it.
And thatâs the point of what Iâm telling you. Whether you were my sergeant, legally harassing an old woman, me, legally harassing our residents, my fellow trainees bullying the rest of us, or âthe bad applesâ illegally harassing âshitbagsâ, we were all in it together. I knew cops that pulled women over to flirt with them. I knew cops who would pepper spray sleeping bags so that homeless people would have to throw them away. I knew cops that intentionally provoked anger in suspects so they could claim they were assaulted. I was particularly good at winding people up verbally until they lashed out so I could fight them. Nobody spoke out. Nobody stood up. Nobody betrayed the code.
None of us protected the people (you) from bad cops.
This is why âAll cops are bastards.â Even your uncle, even your cousin, even your mom, even your brother, even your best friend, even your spouse, even me. Because even if they wouldnât Do The Thing themselves, they will almost never rat out another officer who Does The Thing, much less stop it from happening.
BASTARD 101
I could write an entire book of the awful things Iâve done, seen done, and heard others bragging about doing. But, to me, the bigger question is âHow did it get this way?â. While I was a police officer in a city 30 miles from where I lived, many of my fellow officers were from the community and treated their neighbors just as badly as I did. While every copâs individual biases come into play, itâs the profession itself that is toxic, and it starts from day 1 of training.
Every police academy is different but all of them share certain features: taught by old cops, run like a paramilitary bootcamp, strong emphasis on protecting yourself more than anyone else. The majority of my time in the academy was spent doing aggressive physical training and watching video after video after video of police officers being murdered on duty.
I want to highlight this: nearly everyone coming into law enforcement is bombarded with dash cam footage of police officers being ambushed and killed. Over and over and over. Colorless VHS mortality plays, cops screaming for help over their radios, their bodies going limp as a pair of tail lights speed away into a grainy black horizon. In my case, with commentary from an old racist cop who used to brag about assaulting Black Panthers.
To understand why all cops are bastards, you need to understand one of the things almost every training officer told me when it came to using force:
âIâd rather be judged by 12 than carried by 6.â
Meaning, âIâll take my chances in court rather than risk getting hurtâ. Weâre able to think that way because police unions are extremely overpowered and because of the generous concept of Qualified Immunity, a legal theory which says a cop generally canât be held personally liable for mistakes they make doing their job in an official capacity.
When you look at the actions of the officers who killed George Floyd, Breonna Taylor, David McAtee, Mike Brown, Tamir Rice, Philando Castile, Eric Garner, or Freddie Gray, remember that they, like me, were trained to recite âIâd rather be judged by 12â as a mantra. Even if Mistakes Were Madeâ˘, the city (meaning the taxpayers, meaning you) pays the settlement, not the officer.
Once police training has - through repetition, indoctrination, and violent spectacle - promised officers that everyone in the world is out to kill them, the next lesson is that your partners are the only people protecting you. Occasionally, this is even true: Iâve had encounters turn on me rapidly to the point I legitimately thought I was going to die, only to have other officers come and turn the tables.
One of the most important thought leaders in law enforcement is Col. Dave Grossman, a âkillologistâ who wrote an essay called âSheep, Wolves, and Sheepdogsâ. Cops are the sheepdogs, bad guys are the wolves, and the citizens are the sheep (!). Col. Grossman makes sure to mention that to a stupid sheep, sheepdogs look more like wolves than sheep, and thatâs why they dislike you.
This âthey hate you for protecting them and only I love you, only I can protect youâ tactic is familiar to students of abuse. Itâs what abusers do to coerce their victims into isolation, pulling them away from friends and family and ensnaring them in the abuserâs toxic web. Law enforcement does this too, pitting the officer against civilians. âThey donât understand what you do, they donât respect your sacrifice, they just want to get away with crimes. Youâre only safe with us.â
I think the Wolves vs. Sheepdogs dynamic is one of the most important elements as to why officers behave the way they do. Every single second of my training, I was told that criminals were not a legitimate part of their community, that they were individual bad actors, and that their bad actions were solely the result of their inherent criminality. Any concept of systemic trauma, generational poverty, or white supremacist oppression was either never mentioned or simply dismissed. After all, most people donât steal, so anyone who does isnât âmost people,â right? To us, anyone committing a crime deserved anything that happened to them because they broke the âsocial contract.â And yet, it was never even a question as to whether the power structure above them was honoring any sort of contract back.
Understand: Police officers are part of the state monopoly on violence and all police training reinforces this monopoly as a cornerstone of police work, a source of honor and pride. Many cops fantasize about getting to kill someone in the line of duty, egged on by others that have. One of my training officers told me about the time he shot and killed a mentally ill homeless man wielding a big stick. He bragged that he âslept like a babyâ that night. Official training teaches you how to be violent effectively and when youâre legally allowed to deploy that violence, but âunofficial trainingâ teaches you to desire violence, to expand the breadth of your violence without getting caught, and to erode your own compassion for desperate people so you can justify punitive violence against them.
HOW TO BE A BASTARD
I have participated in some of these activities personally, others are ones I either witnessed personally or heard officers brag about openly. Very, very occasionally, I knew an officer who was disciplined or fired for one of these things.
Police officers will lie about the law, about whatâs illegal, or about what they can legally do to you in order to manipulate you into doing what they want.
Police officers will lie about feeling afraid for their life to justify a use of force after the fact.
Police officers will lie and tell you theyâll file a police report just to get you off their back.
Police officers will lie that your cooperation will âlook good for youâ in court, or that they will âput in a good word for you with the DA.â The police will never help you look good in court.
Police officers will lie about what they see and hear to access private property to conduct unlawful searches.
Police officers will lie and say your friend already ratted you out, so you might as well rat them back out. This is almost never true.
Police officers will lie and say youâre not in trouble in order to get you to exit a location or otherwise make an arrest more convenient for them.
Police officers will lie and say that they wonât arrest you if youâll just âbe honest with themâ so they know what really happened.
Police officers will lie about their ability to seize the property of friends and family members to coerce a confession.
Police officers will write obviously bullshit tickets so that they get time-and-a-half overtime fighting them in court.
Police officers will search places and containers you didnât consent to and later claim they were open or âsmelled like marijuanaâ.
Police officers will threaten you with a more serious crime they canât prove in order to convince you to confess to the lesser crime they really want you for.
Police officers will employ zero tolerance on races and ethnicities they dislike and show favor and lenience to members of their own group.
Police officers will use intentionally extra-painful maneuvers and holds during an arrest to provoke âresistanceâ so they can further assault the suspect.
Some police officers will plant drugs and weapons on you, sometimes to teach you a lesson, sometimes if they kill you somewhere away from public view.
Some police officers will assault you to intimidate you and threaten to arrest you if you tell anyone.
A non-trivial number of police officers will steal from your house or vehicle during a search.
A non-trivial number of police officers commit intimate partner violence and use their status to get away with it.
A non-trivial number of police officers use their position to entice, coerce, or force sexual favors from vulnerable people.
If you take nothing else away from this essay, I want you to tattoo this onto your brain forever: if a police officer is telling you something, it is probably a lie designed to gain your compliance.
Do not talk to cops and never, ever believe them. Do not âtry to be helpfulâ with cops. Do not assume they are trying to catch someone else instead of you. Do not assume what they are doing is âimportantâ or even legal. Under no circumstances assume any police officer is acting in good faith.
Also, and this is important, do not talk to cops.
I just remembered something, do not talk to cops.
Checking my notes real quick, something jumped out at me:
Do
not
fucking
talk
to
cops.
Ever.
Say, âI donât answer questions,â and ask if youâre free to leave; if so, leave. If not, tell them you want your lawyer and that, per the Supreme Court, they must terminate questioning. If they donât, file a complaint and collect some badges for your mantle.
DO THE BASTARDS EVER HELP?
Reading the above, you may be tempted to ask whether cops ever do anything good. And the answer is, sure, sometimes. In fact, most officers I worked with thought they were usually helping the helpless and protecting the safety of innocent people.
During my tenure in law enforcement, I protected women from domestic abusers, arrested cold-blooded murderers and child molesters, and comforted families who lost children to car accidents and other tragedies. I helped connect struggling people in my community with local resources for food, shelter, and counseling. I deescalated situations that could have turned violent and talked a lot of people down from making the biggest mistake of their lives. I worked with plenty of officers who were individually kind, bought food for homeless residents, or otherwise showed care for their community.
The question is this: did I need a gun and sweeping police powers to help the average person on the average night? The answer is no. When I was doing my best work as a cop, I was doing mediocre work as a therapist or a social worker. My good deeds were listening to people failed by the system and trying to unite them with any crumbs of resources the structure was currently denying them.
Itâs also important to note that well over 90% of the calls for service I handled were reactive, showing up well after a crime had taken place. We would arrive, take a statement, collect evidence (if any), file the report, and onto the next caper. Most âactiveâ crimes we stopped were someone harmless possessing or selling a small amount of drugs. Very, very rarely would we stop something dangerous in progress or stop something from happening entirely. The closest we could usually get was seeing someone running away from the scene of a crime, but the damage was still done.
And consider this: my job as a police officer required me to be a marriage counselor, a mental health crisis professional, a conflict negotiator, a social worker, a child advocate, a traffic safety expert, a sexual assault specialist, and, every once in awhile, a public safety officer authorized to use force, all after only a 1000 hours of training at a police academy. Does the person we send to catch a robber also need to be the person we send to interview a rape victim or document a fender bender? Should one profession be expected to do all that important community care (with very little training) all at the same time?
To put this another way: I made double the salary most social workers made to do a fraction of what they could do to mitigate the causes of crimes and desperation. I can count very few times my monopoly on state violence actually made our citizens safer, and even then, itâs hard to say better-funded social safety nets and dozens of other community care specialists wouldnât have prevented a problem before it started.
Armed, indoctrinated (and dare I say, traumatized) cops do not make you safer; community mutual aid networks who can unite other people with the resources they need to stay fed, clothed, and housed make you safer. I really want to hammer this home: every cop in your neighborhood is damaged by their training, emboldened by their immunity, and they have a gun and the ability to take your life with near-impunity. This does not make you safer, even if youâre white.
HOW DO YOU SOLVE A PROBLEM LIKE A BASTARD?
So what do we do about it? Even though Iâm an expert on bastardism, I am not a public policy expert nor an expert in organizing a post-police society. So, before I give some suggestions, let me tell you what probably wonât solve the problem of bastard cops:
Increased âbiasâ training. A quarterly or even monthly training session is not capable of covering over years of trauma-based camaraderie in police forces. I can tell you from experience, we donât take it seriously, the proctors let us cheat on whatever âtestsâ there are, and we all made fun of it later over coffee.
Tougher laws. I hope you understand by now, cops do not follow the law and will not hold each other accountable to the law. Tougher laws are all the more reason to circle the wagons and protect your brothers and sisters.
More community policing programs. Yes, there is a marginal effect when a few cops get to know members of the community, but look at the protests of 2020: many of the cops pepper-spraying journalists were probably the nice school cop a month ago.
Police officers do not protect and serve people, they protect and serve the status quo, âpolite societyâ, and private property. Using the incremental mechanisms of the status quo will never reform the police because the status quo relies on police violence to exist. Capitalism requires a permanent underclass to exploit for cheap labor and it requires the cops to bring that underclass to heel.
Instead of wasting time with minor tweaks, I recommend exploring the following ideas:
No more qualified immunity. Police officers should be personally liable for all decisions they make in the line of duty.
No more civil asset forfeiture. Did you know that every year, citizens like you lose more cash and property to unaccountable civil asset forfeiture than to all burglaries combined? The police can steal your stuff without charging you with a crime and it makes some police departments very rich.
Break the power of police unions. Police unions make it nearly impossible to fire bad cops and incentivize protecting them to protect the power of the union. A police union is not a labor union; police officers are powerful state agents, not exploited workers.
Require malpractice insurance. Doctors must pay for insurance in case they botch a surgery, police officers should do the same for botching a police raid or other use of force. If human decency wonât motivate police to respect human life, perhaps hitting their wallet might.
Defund, demilitarize, and disarm cops. Thousands of police departments own assault rifles, armored personnel carriers, and stuff youâd see in a warzone. Police officers have grants and huge budgets to spend on guns, ammo, body armor, and combat training. 99% of calls for service require no armed response, yet when all you have is a gun, every problem feels like target practice. Cities are not safer when unaccountable bullies have a monopoly on state violence and the equipment to execute that monopoly.
One final idea: consider abolishing the police.
I know what youâre thinking, âWhat? We need the police! They protect us!â As someone who did it for nearly a decade, I need you to understand that by and large, police protection is marginal, incidental. Itâs an illusion created by decades of copaganda designed to fool you into thinking these brave men and women are holding back the barbarians at the gates.
I alluded to this above: the vast majority of calls for service I handled were theft reports, burglary reports, domestic arguments that hadnât escalated into violence, loud parties, (houseless) people loitering, traffic collisions, very minor drug possession, and arguments between neighbors. Mostly the mundane ups and downs of life in the community, with little inherent danger. And, like I mentioned, the vast majority of crimes I responded to (even violent ones) had already happened; my unaccountable license to kill was irrelevant.
What I mainly provided was an âobjectiveâ third party with the authority to document property damage, ask people to chill out or disperse, or counsel people not to beat each other up. A trained counselor or conflict resolution specialist would be ten times more effective than someone with a gun strapped to his hip wondering if anyone would try to kill him when he showed up. There are many models for community safety that can be explored if we get away from the idea that the only way to be safe is to have a man with a M4 rifle prowling your neighborhood ready at a momentâs notice to write down your name and birthday after youâve been robbed and beaten.
You might be asking, âWhat about the armed robbers, the gangsters, the drug dealers, the serial killers?â And yes, in the city I worked, I regularly broke up gang parties, found gang members carrying guns, and handled homicides. Iâve seen some tragic things, from a reformed gangster shot in the head with his brains oozing out to a fifteen year old boy taking his last breath in his screaming motherâs arms thanks to a gang memberâs bullet. I know the wages of violence.
This is where we have to have the courage to ask: why do people rob? Why do they join gangs? Why do they get addicted to drugs or sell them? Itâs not because they are inherently evil. I submit to you that these are the results of living in a capitalist system that grinds people down and denies them housing, medical care, human dignity, and a say in their government. These are the results of white supremacy pushing people to the margins, excluding them, disrespecting them, and treating their bodies as disposable.
Equally important to remember: disabled and mentally ill people are frequently killed by police officers not trained to recognize and react to disabilities or mental health crises. Some of the people we picture as âviolent offendersâ are often people struggling with untreated mental illness, often due to economic hardships. Very frequently, the officers sent to âprotect the communityâ escalate this crisis and ultimately wound or kill the person. Your community was not made safer by police violence; a sick member of your community was killed because it was cheaper than treating them. Are you extremely confident youâll never get sick one day too?
Wrestle with this for a minute: if all of someoneâs material needs were met and all the members of their community were fed, clothed, housed, and dignified, why would they need to join a gang? Why would they need to risk their lives selling drugs or breaking into buildings? If mental healthcare was free and was not stigmatized, how many lives would that save?
Would there still be a few bad actors in the world? Sure, probably. Whatâs my solution for them, youâre no doubt asking. Iâll tell you what: generational poverty, food insecurity, houselessness, and for-profit medical care are all problems that can be solved in our lifetimes by rejecting the dehumanizing meat grinder of capitalism and white supremacy. Once thatâs done, we can work on the edge cases together, with clearer hearts not clouded by a corrupt system.
Police abolition is closely related to the idea of prison abolition and the entire concept of banishing the carceral state, meaning, creating a society focused on reconciliation and restorative justice instead of punishment, pain, and suffering â a system that sees people in crisis as humans, not monsters. People who want to abolish the police typically also want to abolish prisons, and the same questions get asked: âWhat about the bad guys? Where do we put them?â I bring this up because abolitionists donât want to simply replace cops with armed social workers or prisons with casual detention centers full of puffy leather couches and Playstations. We imagine a world not divided into good guys and bad guys, but rather a world where peopleâs needs are met and those in crisis receive care, not dehumanization.
Hereâs legendary activist and thinker Angela Y. Davis putting it better than I ever could:
âAn abolitionist approach that seeks to answer questions such as these would require us to imagine a constellation of alternative strategies and institutions, with the ultimate aim of removing the prison from the social and ideological landscapes of our society. In other words, we would not be looking for prisonlike substitutes for the prison, such as house arrest safeguarded by electronic surveillance bracelets. Rather, positing decarceration as our overarching strategy, we would try to envision a continuum of alternatives to imprisonment-demilitarization of schools, revitalization of education at all levels, a health system that provides free physical and mental care to all, and a justice system based on reparation and reconciliation rather than retribution and vengeance.â
(Are Prisons Obsolete, pg. 107)
Iâm not telling you I have the blueprint for a beautiful new world. What Iâm telling you is that the system we have right now is broken beyond repair and that itâs time to consider new ways of doing community together. Those new ways need to be negotiated by members of those communities, particularly Black, indigenous, disabled, houseless, and citizens of color historically shoved into the margins of society. Instead of letting Fox News fill your head with nightmares about Hispanic gangs, ask the Hispanic community what they need to thrive. Instead of letting racist politicians scaremonger about pro-Black demonstrators, ask the Black community what they need to meet the needs of the most vulnerable. If you truly desire safety, ask not what your most vulnerable can do for the community, ask what the community can do for the most vulnerable.
A WORLD WITH FEWER BASTARDS IS POSSIBLE
If you take only one thing away from this essay, I hope itâs this: do not talk to cops. But if you only take two things away, I hope the second one is that itâs possible to imagine a different world where unarmed black people, indigenous people, poor people, disabled people, and people of color are not routinely gunned down by unaccountable police officers. It doesnât have to be this way. Yes, this requires a leap of faith into community models that might feel unfamiliar, but I ask you:
When you see a man dying in the street begging for breath, donât you want to leap away from that world?
When you see a mother or a daughter shot to death sleeping in their beds, donât you want to leap away from that world?
When you see a twelve year old boy executed in a public park for the crime of playing with a toy, jesus fucking christ, can you really just stand there and think âThis is normalâ?
And to any cops who made it this far down, is this really the world you want to live in? Arenât you tired of the trauma? Arenât you tired of the soul sickness inherent to the badge? Arenât you tired of looking the other way when your partners break the law? Are you really willing to kill the next George Floyd, the next Breonna Taylor, the next Tamir Rice? How confident are you that your next use of force will be something youâre proud of? Iâm writing this for you too: itâs wrong what our training did to us, itâs wrong that they hardened our hearts to our communities, and itâs wrong to pretend this is normal.
Look, I wouldnât have been able to hear any of this for much of my life. You reading this now may not be able to hear this yet either. But do me this one favor: just think about it. Just turn it over in your mind for a couple minutes. âYes, Andâ me for a minute. Look around you and think about the kind of world you want to live in. Is it one where an all-powerful stranger with a gun keeps you and your neighbors in line with the fear of death, or can you picture a world where, as a community, we embrace our most vulnerable, meet their needs, heal their wounds, honor their dignity, and make them family instead of desperate outsiders?
If you take only three things away from this essay, I hope the third is this: you and your community donât need bastards to thrive.
RESOURCES TO YES-AND WITH
Achele Mbembe â Necropolitics
Angela Y. Davis â Are Prisons Obsolete?
CriticalResistance.org â Abolition Toolkit
Joe MacarĂŠ, Maya Schenwar, and Alana Yu-lan Price â Who Do You Serve, Who Do You Protect?
Ruth Wilson Gilmore â COVID-19, Decarceration, Abolition [video]
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âI was a police officer for nearly ten years and I was a bastard. We all were.â
âThis essay has been kicking around in my head for years now and Iâve never felt confident enough to write it. Itâs a time in my life Iâm ashamed of. Itâs a time that I hurt people and, through inaction, allowed others to be hurt. Itâs a time that I acted as a violent agent of capitalism and white supremacy. Under the guise of public safety, I personally ruined peopleâs lives but in so doing, made the public no safer⌠so did the family members and close friends of mine who also bore the badge alongside me.â
âBut enough is enough.â
âThe reforms arenât working. Incrementalism isnât happening. Unarmed Black, indigenous, and people of color are being killed by cops in the streets and the police are savagely attacking the people protesting these murders.â
âAmerican policing is a thick blue tumor strangling the life from our communities and if you donât believe it when the poor and the marginalized say it, if you donât believe it when you see cops across the country shooting journalists with less-lethal bullets and caustic chemicals, maybe youâll believe it when you hear it straight from the pigâs mouth.â
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âWHY AM I WRITING THIS
As someone who went through the training, hiring, and socialization of a career in law enforcement, I wanted to give a first-hand account of why I believe police officers are the way they are. Not to excuse their behavior, but to explain it and to indict the structures that perpetuate it.
I believe that if everyone understood how weâre trained and brought up in the profession, it would inform the demands our communities should be making of a new way of community safety. If I tell you how we were made, I hope it will empower you to unmake us.
One of the other reasons Iâve struggled to write this essay is that I donât want to center the conversation on myself and my big salty boo-hoo feelings about my bad choices. Itâs a toxic white impulse to see atrocities and think âHow can I make this about me?â So, I hope youâll take me at my word that this account isnât meant to highlight me, but rather the hundred thousand of me in every city in the country. Itâs about the structure that made me (that I chose to pollute myself with) and itâs my meager contribution to the cause of radical justice.
YES, ALL COPS ARE BASTARDS
I was a police officer in a major metropolitan area in California with a predominantly poor, non-white population (with a large proportion of first-generation immigrants). One night during briefing, our watch commander told us that the city council had requested a new zero tolerance policy. Against murderers, drug dealers, or child predators?
No, against homeless people collecting cans from recycling bins.
See, the city had some kickback deal with the waste management company where waste management got paid by the government for our expected tonnage of recycling. When homeless people âstoleâ that recycling from the waste management company, they were putting that cheaper contract in peril. So, we were to arrest as many recyclers as we could find.
Even for me, this was a stupid policy and I promptly blew Sarge off. But a few hours later, Sarge called me over to assist him. He was detaining a 70 year old immigrant who spoke no English, who heâd seen picking a coke can out of a trash bin. He ordered me to arrest her for stealing trash. I said, âSarge, câmon, sheâs an old lady.â He said, âI donât give a shit. Hook her up, thatâs an order.â And⌠I did. She cried the entire way to the station and all through the booking process. I couldnât even comfort her because I didnât speak Spanish. I felt disgusting but I was ordered to make this arrest and I wasnât willing to lose my job for her.
If youâre tempted to feel sympathy for me, donât. I used to happily hassle the homeless under other circumstances. I researched obscure penal codes so I could arrest people in homeless encampments for lesser known crimes like âremaining too close to railroad propertyâ (369i of the California Penal Code). I used to call it âplanting warrant seedsâ since I knew they wouldnât make their court dates and we could arrest them again and again for warrant violations.
We used to have informal contests for who could cite or arrest someone for the weirdest law. DUI on a bicycle, non-regulation number of brooms on your tow truck (27700(a)(1) of the California Vehicle Code)⌠shit like that. For me, police work was a logic puzzle for arresting people, regardless of their actual threat to the community. As ashamed as I am to admit it, it needs to be said: stripping people of their freedom felt like a game to me for many years.
I know what youâre going to ask: did I ever plant drugs? Did I ever plant a gun on someone? Did I ever make a false arrest or file a false report? Believe it or not, the answer is no. Cheating was no fun, I liked to get my stats the âlegitimateâ way. But I knew officers who kept a little baggie of whatever or maybe a pocket knife that was a little too big in their war bags (yeah, we called our dufflebags âwar bagsââŚ). Did I ever tell anybody about it? No I did not. Did I ever confess my suspicions when cocaine suddenly showed up in a gang memberâs jacket? No I did not.
In fact, let me tell you about an extremely formative experience: in my police academy class, we had a clique of around six trainees who routinely bullied and harassed other students: intentionally scuffing another traineeâs shoes to get them in trouble during inspection, sexually harassing female trainees, cracking racist jokes, and so on. Every quarter, we were to write anonymous evaluations of our squadmates. I wrote scathing accounts of their behavior, thinking I was helping keep bad apples out of law enforcement and believing I would be protected. Instead, the academy staff read my complaints to them out loud and outed me to them and never punished them, causing me to get harassed for the rest of my academy class. Thatâs how I learned that even police leadership hates rats. Thatâs why no one is âchanging things from the inside.â They canât, the structure wonât allow it.
And thatâs the point of what Iâm telling you. Whether you were my sergeant, legally harassing an old woman, me, legally harassing our residents, my fellow trainees bullying the rest of us, or âthe bad applesâ illegally harassing âshitbagsâ, we were all in it together. I knew cops that pulled women over to flirt with them. I knew cops who would pepper spray sleeping bags so that homeless people would have to throw them away. I knew cops that intentionally provoked anger in suspects so they could claim they were assaulted. I was particularly good at winding people up verbally until they lashed out so I could fight them. Nobody spoke out. Nobody stood up. Nobody betrayed the code.
None of us protected the people (you) from bad cops.
This is why âAll cops are bastards.â Even your uncle, even your cousin, even your mom, even your brother, even your best friend, even your spouse, even me. Because even if they wouldnât Do The Thing themselves, they will almost never rat out another officer who Does The Thing, much less stop it from happening.
BASTARD 101
I could write an entire book of the awful things Iâve done, seen done, and heard others bragging about doing. But, to me, the bigger question is âHow did it get this way?â. While I was a police officer in a city 30 miles from where I lived, many of my fellow officers were from the community and treated their neighbors just as badly as I did. While every copâs individual biases come into play, itâs the profession itself that is toxic, and it starts from day 1 of training.
Every police academy is different but all of them share certain features: taught by old cops, run like a paramilitary bootcamp, strong emphasis on protecting yourself more than anyone else. The majority of my time in the academy was spent doing aggressive physical training and watching video after video after video of police officers being murdered on duty.
I want to highlight this: nearly everyone coming into law enforcement is bombarded with dash cam footage of police officers being ambushed and killed. Over and over and over. Colorless VHS mortality plays, cops screaming for help over their radios, their bodies going limp as a pair of tail lights speed away into a grainy black horizon. In my case, with commentary from an old racist cop who used to brag about assaulting Black Panthers.
To understand why all cops are bastards, you need to understand one of the things almost every training officer told me when it came to using force:
âIâd rather be judged by 12 than carried by 6.â
Meaning, âIâll take my chances in court rather than risk getting hurtâ. Weâre able to think that way because police unions are extremely overpowered and because of the generous concept of Qualified Immunity, a legal theory which says a cop generally canât be held personally liable for mistakes they make doing their job in an official capacity.
When you look at the actions of the officers who killed George Floyd, Breonna Taylor, David McAtee, Mike Brown, Tamir Rice, Philando Castile, Eric Garner, or Freddie Gray, remember that they, like me, were trained to recite âIâd rather be judged by 12â as a mantra. Even if Mistakes Were Madeâ˘, the city (meaning the taxpayers, meaning you) pays the settlement, not the officer.
Once police training has - through repetition, indoctrination, and violent spectacle - promised officers that everyone in the world is out to kill them, the next lesson is that your partners are the only people protecting you. Occasionally, this is even true: Iâve had encounters turn on me rapidly to the point I legitimately thought I was going to die, only to have other officers come and turn the tables.
One of the most important thought leaders in law enforcement is Col. Dave Grossman, a âkillologistâ who wrote an essay called âSheep, Wolves, and Sheepdogsâ. Cops are the sheepdogs, bad guys are the wolves, and the citizens are the sheep (!). Col. Grossman makes sure to mention that to a stupid sheep, sheepdogs look more like wolves than sheep, and thatâs why they dislike you.
This âthey hate you for protecting them and only I love you, only I can protect youâ tactic is familiar to students of abuse. Itâs what abusers do to coerce their victims into isolation, pulling them away from friends and family and ensnaring them in the abuserâs toxic web. Law enforcement does this too, pitting the officer against civilians. âThey donât understand what you do, they donât respect your sacrifice, they just want to get away with crimes. Youâre only safe with us.â
I think the Wolves vs. Sheepdogs dynamic is one of the most important elements as to why officers behave the way they do. Every single second of my training, I was told that criminals were not a legitimate part of their community, that they were individual bad actors, and that their bad actions were solely the result of their inherent criminality. Any concept of systemic trauma, generational poverty, or white supremacist oppression was either never mentioned or simply dismissed. After all, most people donât steal, so anyone who does isnât âmost people,â right? To us, anyone committing a crime deserved anything that happened to them because they broke the âsocial contract.â And yet, it was never even a question as to whether the power structure above them was honoring any sort of contract back.
Understand: Police officers are part of the state monopoly on violence and all police training reinforces this monopoly as a cornerstone of police work, a source of honor and pride. Many cops fantasize about getting to kill someone in the line of duty, egged on by others that have. One of my training officers told me about the time he shot and killed a mentally ill homeless man wielding a big stick. He bragged that he âslept like a babyâ that night. Official training teaches you how to be violent effectively and when youâre legally allowed to deploy that violence, but âunofficial trainingâ teaches you to desire violence, to expand the breadth of your violence without getting caught, and to erode your own compassion for desperate people so you can justify punitive violence against them.
HOW TO BE A BASTARD
I have participated in some of these activities personally, others are ones I either witnessed personally or heard officers brag about openly. Very, very occasionally, I knew an officer who was disciplined or fired for one of these things.
Police officers will lie about the law, about whatâs illegal, or about what they can legally do to you in order to manipulate you into doing what they want.
Police officers will lie about feeling afraid for their life to justify a use of force after the fact.
Police officers will lie and tell you theyâll file a police report just to get you off their back.
Police officers will lie that your cooperation will âlook good for youâ in court, or that they will âput in a good word for you with the DA.â The police will never help you look good in court.
Police officers will lie about what they see and hear to access private property to conduct unlawful searches.
Police officers will lie and say your friend already ratted you out, so you might as well rat them back out. This is almost never true.
Police officers will lie and say youâre not in trouble in order to get you to exit a location or otherwise make an arrest more convenient for them.
Police officers will lie and say that they wonât arrest you if youâll just âbe honest with themâ so they know what really happened.
Police officers will lie about their ability to seize the property of friends and family members to coerce a confession.
Police officers will write obviously bullshit tickets so that they get time-and-a-half overtime fighting them in court.
Police officers will search places and containers you didnât consent to and later claim they were open or âsmelled like marijuanaâ.
Police officers will threaten you with a more serious crime they canât prove in order to convince you to confess to the lesser crime they really want you for.
Police officers will employ zero tolerance on races and ethnicities they dislike and show favor and lenience to members of their own group.
Police officers will use intentionally extra-painful maneuvers and holds during an arrest to provoke âresistanceâ so they can further assault the suspect.
Some police officers will plant drugs and weapons on you, sometimes to teach you a lesson, sometimes if they kill you somewhere away from public view.
Some police officers will assault you to intimidate you and threaten to arrest you if you tell anyone.
A non-trivial number of police officers will steal from your house or vehicle during a search.
A non-trivial number of police officers commit intimate partner violence and use their status to get away with it.
A non-trivial number of police officers use their position to entice, coerce, or force sexual favors from vulnerable people.
If you take nothing else away from this essay, I want you to tattoo this onto your brain forever: if a police officer is telling you something, it is probably a lie designed to gain your compliance.
Do not talk to cops and never, ever believe them. Do not âtry to be helpfulâ with cops. Do not assume they are trying to catch someone else instead of you. Do not assume what they are doing is âimportantâ or even legal. Under no circumstances assume any police officer is acting in good faith.
Also, and this is important, do not talk to cops.
I just remembered something, do not talk to cops.
Checking my notes real quick, something jumped out at me:
Do
not
fucking
talk
to
cops.
Ever.
Say, âI donât answer questions,â and ask if youâre free to leave; if so, leave. If not, tell them you want your lawyer and that, per the Supreme Court, they must terminate questioning. If they donât, file a complaint and collect some badges for your mantle.
DO THE BASTARDS EVER HELP?
Reading the above, you may be tempted to ask whether cops ever do anything good. And the answer is, sure, sometimes. In fact, most officers I worked with thought they were usually helping the helpless and protecting the safety of innocent people.
During my tenure in law enforcement, I protected women from domestic abusers, arrested cold-blooded murderers and child molesters, and comforted families who lost children to car accidents and other tragedies. I helped connect struggling people in my community with local resources for food, shelter, and counseling. I deescalated situations that could have turned violent and talked a lot of people down from making the biggest mistake of their lives. I worked with plenty of officers who were individually kind, bought food for homeless residents, or otherwise showed care for their community.
The question is this: did I need a gun and sweeping police powers to help the average person on the average night? The answer is no. When I was doing my best work as a cop, I was doing mediocre work as a therapist or a social worker. My good deeds were listening to people failed by the system and trying to unite them with any crumbs of resources the structure was currently denying them.
Itâs also important to note that well over 90% of the calls for service I handled were reactive, showing up well after a crime had taken place. We would arrive, take a statement, collect evidence (if any), file the report, and onto the next caper. Most âactiveâ crimes we stopped were someone harmless possessing or selling a small amount of drugs. Very, very rarely would we stop something dangerous in progress or stop something from happening entirely. The closest we could usually get was seeing someone running away from the scene of a crime, but the damage was still done.
And consider this: my job as a police officer required me to be a marriage counselor, a mental health crisis professional, a conflict negotiator, a social worker, a child advocate, a traffic safety expert, a sexual assault specialist, and, every once in awhile, a public safety officer authorized to use force, all after only a 1000 hours of training at a police academy. Does the person we send to catch a robber also need to be the person we send to interview a rape victim or document a fender bender? Should one profession be expected to do all that important community care (with very little training) all at the same time?
To put this another way: I made double the salary most social workers made to do a fraction of what they could do to mitigate the causes of crimes and desperation. I can count very few times my monopoly on state violence actually made our citizens safer, and even then, itâs hard to say better-funded social safety nets and dozens of other community care specialists wouldnât have prevented a problem before it started.
Armed, indoctrinated (and dare I say, traumatized) cops do not make you safer; community mutual aid networks who can unite other people with the resources they need to stay fed, clothed, and housed make you safer. I really want to hammer this home: every cop in your neighborhood is damaged by their training, emboldened by their immunity, and they have a gun and the ability to take your life with near-impunity. This does not make you safer, even if youâre white.
HOW DO YOU SOLVE A PROBLEM LIKE A BASTARD?
So what do we do about it? Even though Iâm an expert on bastardism, I am not a public policy expert nor an expert in organizing a post-police society. So, before I give some suggestions, let me tell you what probably wonât solve the problem of bastard cops:
Increased âbiasâ training. A quarterly or even monthly training session is not capable of covering over years of trauma-based camaraderie in police forces. I can tell you from experience, we donât take it seriously, the proctors let us cheat on whatever âtestsâ there are, and we all made fun of it later over coffee.
Tougher laws. I hope you understand by now, cops do not follow the law and will not hold each other accountable to the law. Tougher laws are all the more reason to circle the wagons and protect your brothers and sisters.
More community policing programs. Yes, there is a marginal effect when a few cops get to know members of the community, but look at the protests of 2020: many of the cops pepper-spraying journalists were probably the nice school cop a month ago.
Police officers do not protect and serve people, they protect and serve the status quo, âpolite societyâ, and private property. Using the incremental mechanisms of the status quo will never reform the police because the status quo relies on police violence to exist. Capitalism requires a permanent underclass to exploit for cheap labor and it requires the cops to bring that underclass to heel.
Instead of wasting time with minor tweaks, I recommend exploring the following ideas:
No more qualified immunity. Police officers should be personally liable for all decisions they make in the line of duty.
No more civil asset forfeiture. Did you know that every year, citizens like you lose more cash and property to unaccountable civil asset forfeiture than to all burglaries combined? The police can steal your stuff without charging you with a crime and it makes some police departments very rich.
Break the power of police unions. Police unions make it nearly impossible to fire bad cops and incentivize protecting them to protect the power of the union. A police union is not a labor union; police officers are powerful state agents, not exploited workers.
Require malpractice insurance. Doctors must pay for insurance in case they botch a surgery, police officers should do the same for botching a police raid or other use of force. If human decency wonât motivate police to respect human life, perhaps hitting their wallet might.
Defund, demilitarize, and disarm cops. Thousands of police departments own assault rifles, armored personnel carriers, and stuff youâd see in a warzone. Police officers have grants and huge budgets to spend on guns, ammo, body armor, and combat training. 99% of calls for service require no armed response, yet when all you have is a gun, every problem feels like target practice. Cities are not safer when unaccountable bullies have a monopoly on state violence and the equipment to execute that monopoly.
One final idea: consider abolishing the police.
I know what youâre thinking, âWhat? We need the police! They protect us!â As someone who did it for nearly a decade, I need you to understand that by and large, police protection is marginal, incidental. Itâs an illusion created by decades of copaganda designed to fool you into thinking these brave men and women are holding back the barbarians at the gates.
I alluded to this above: the vast majority of calls for service I handled were theft reports, burglary reports, domestic arguments that hadnât escalated into violence, loud parties, (houseless) people loitering, traffic collisions, very minor drug possession, and arguments between neighbors. Mostly the mundane ups and downs of life in the community, with little inherent danger. And, like I mentioned, the vast majority of crimes I responded to (even violent ones) had already happened; my unaccountable license to kill was irrelevant.
What I mainly provided was an âobjectiveâ third party with the authority to document property damage, ask people to chill out or disperse, or counsel people not to beat each other up. A trained counselor or conflict resolution specialist would be ten times more effective than someone with a gun strapped to his hip wondering if anyone would try to kill him when he showed up. There are many models for community safety that can be explored if we get away from the idea that the only way to be safe is to have a man with a M4 rifle prowling your neighborhood ready at a momentâs notice to write down your name and birthday after youâve been robbed and beaten.
You might be asking, âWhat about the armed robbers, the gangsters, the drug dealers, the serial killers?â And yes, in the city I worked, I regularly broke up gang parties, found gang members carrying guns, and handled homicides. Iâve seen some tragic things, from a reformed gangster shot in the head with his brains oozing out to a fifteen year old boy taking his last breath in his screaming motherâs arms thanks to a gang memberâs bullet. I know the wages of violence.
This is where we have to have the courage to ask: why do people rob? Why do they join gangs? Why do they get addicted to drugs or sell them? Itâs not because they are inherently evil. I submit to you that these are the results of living in a capitalist system that grinds people down and denies them housing, medical care, human dignity, and a say in their government. These are the results of white supremacy pushing people to the margins, excluding them, disrespecting them, and treating their bodies as disposable.
Equally important to remember: disabled and mentally ill people are frequently killed by police officers not trained to recognize and react to disabilities or mental health crises. Some of the people we picture as âviolent offendersâ are often people struggling with untreated mental illness, often due to economic hardships. Very frequently, the officers sent to âprotect the communityâ escalate this crisis and ultimately wound or kill the person. Your community was not made safer by police violence; a sick member of your community was killed because it was cheaper than treating them. Are you extremely confident youâll never get sick one day too?
Wrestle with this for a minute: if all of someoneâs material needs were met and all the members of their community were fed, clothed, housed, and dignified, why would they need to join a gang? Why would they need to risk their lives selling drugs or breaking into buildings? If mental healthcare was free and was not stigmatized, how many lives would that save?
Would there still be a few bad actors in the world? Sure, probably. Whatâs my solution for them, youâre no doubt asking. Iâll tell you what: generational poverty, food insecurity, houselessness, and for-profit medical care are all problems that can be solved in our lifetimes by rejecting the dehumanizing meat grinder of capitalism and white supremacy. Once thatâs done, we can work on the edge cases together, with clearer hearts not clouded by a corrupt system.
Police abolition is closely related to the idea of prison abolition and the entire concept of banishing the carceral state, meaning, creating a society focused on reconciliation and restorative justice instead of punishment, pain, and suffering â a system that sees people in crisis as humans, not monsters. People who want to abolish the police typically also want to abolish prisons, and the same questions get asked: âWhat about the bad guys? Where do we put them?â I bring this up because abolitionists donât want to simply replace cops with armed social workers or prisons with casual detention centers full of puffy leather couches and Playstations. We imagine a world not divided into good guys and bad guys, but rather a world where peopleâs needs are met and those in crisis receive care, not dehumanization.
Hereâs legendary activist and thinker Angela Y. Davis putting it better than I ever could:
âAn abolitionist approach that seeks to answer questions such as these would require us to imagine a constellation of alternative strategies and institutions, with the ultimate aim of removing the prison from the social and ideological landscapes of our society. In other words, we would not be looking for prisonlike substitutes for the prison, such as house arrest safeguarded by electronic surveillance bracelets. Rather, positing decarceration as our overarching strategy, we would try to envision a continuum of alternatives to imprisonment-demilitarization of schools, revitalization of education at all levels, a health system that provides free physical and mental care to all, and a justice system based on reparation and reconciliation rather than retribution and vengeance.â
(Are Prisons Obsolete, pg. 107)
Iâm not telling you I have the blueprint for a beautiful new world. What Iâm telling you is that the system we have right now is broken beyond repair and that itâs time to consider new ways of doing community together. Those new ways need to be negotiated by members of those communities, particularly Black, indigenous, disabled, houseless, and citizens of color historically shoved into the margins of society. Instead of letting Fox News fill your head with nightmares about Hispanic gangs, ask the Hispanic community what they need to thrive. Instead of letting racist politicians scaremonger about pro-Black demonstrators, ask the Black community what they need to meet the needs of the most vulnerable. If you truly desire safety, ask not what your most vulnerable can do for the community, ask what the community can do for the most vulnerable.
A WORLD WITH FEWER BASTARDS IS POSSIBLE
If you take only one thing away from this essay, I hope itâs this: do not talk to cops. But if you only take two things away, I hope the second one is that itâs possible to imagine a different world where unarmed black people, indigenous people, poor people, disabled people, and people of color are not routinely gunned down by unaccountable police officers. It doesnât have to be this way. Yes, this requires a leap of faith into community models that might feel unfamiliar, but I ask you:
When you see a man dying in the street begging for breath, donât you want to leap away from that world?
When you see a mother or a daughter shot to death sleeping in their beds, donât you want to leap away from that world?
When you see a twelve year old boy executed in a public park for the crime of playing with a toy, jesus fucking christ, can you really just stand there and think âThis is normalâ?
And to any cops who made it this far down, is this really the world you want to live in? Arenât you tired of the trauma? Arenât you tired of the soul sickness inherent to the badge? Arenât you tired of looking the other way when your partners break the law? Are you really willing to kill the next George Floyd, the next Breonna Taylor, the next Tamir Rice? How confident are you that your next use of force will be something youâre proud of? Iâm writing this for you too: itâs wrong what our training did to us, itâs wrong that they hardened our hearts to our communities, and itâs wrong to pretend this is normal.
Look, I wouldnât have been able to hear any of this for much of my life. You reading this now may not be able to hear this yet either. But do me this one favor: just think about it. Just turn it over in your mind for a couple minutes. âYes, Andâ me for a minute. Look around you and think about the kind of world you want to live in. Is it one where an all-powerful stranger with a gun keeps you and your neighbors in line with the fear of death, or can you picture a world where, as a community, we embrace our most vulnerable, meet their needs, heal their wounds, honor their dignity, and make them family instead of desperate outsiders?
If you take only three things away from this essay, I hope the third is this: you and your community donât need bastards to thrive.â
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Justice and Womenâs Rights Campaigner, Farah Damji  - Heroine or a Villain?  ~  by Jazz Kaur
âThe aphorist Christopher Spranger wrote: âThe author who possesses not only ideas of his own but eloquence with which to clothe and adorn them cannot avoid cutting an impudent figure in this world.â Spranger might have been describing Farah Damji when he wrote those words. For she is such an author, creative, eloquent, and most definitely impudent. And itâs the impudence that makes her memoir Try Me so delightful to readâŚ.And oh! What life she led. The kind of life only a very few women have lived. Women like Cleopatra of Egypt, the Queen of Sheba, Theodora, Elizabeth Taylor, and Marilyn Monroe. Women who had style, imagination, ĂŠlan and a lust for life.â
Randall Radic, ex-con, ex-priest
Farah Damji is a woman in conflict with the law. Since 2010 Farah has dedicated her life to social justice issues. She actively campaigns for the rights of women in the criminal justice system which has often lead to her being at loggerheads with the institutions that damage and fracture womenâs lives.
She has previous convictions for perverting the course of justice and theft of services by fraud 2005. These convictions are spent.
A forensic report by Dr Tony Nayani, obtained at the time these offences were committed confirmed a diagnosis of underlying mental health conditions which should have triggered support. Instead, she was handed a severe custodial sentence. She pleaded guilty at the first opportunity. She served 21 months of a 42 month sentence and was released under supervision in the community by probation services.
During that sentence she was studying for an OU degree but a friend who was a fellow inmate, Lilly, was being raped by a governor at HMP Downview. No one took her complaints seriously. She was released on home leave to attend a university lecture but she didnât return to the prison. In the knowledge that she would not be sent back to HMP Downview, she handed herself in to Plymouth police.
When she was finally adjudicated for this absconding offence and embarrassing the Ministry of Justice, the punishment was loss of canteen, loss of association etc suspended, so effectively, nothing. The governor was later sentenced to 5 years in prison.
In 2008 she fell into an abusive relationship and was bullied and coerced into claiming a higher amount of housing benefit from the local authority, because her then partner Franco Miccolupo. The judge, HHJ Marron QC should have accepted her version of the facts at this hearing because the CPS were unable to produce their star witness, the former partner who had fled the country. The fact that she had been a victim of domestic violence was not taken into account by the courts. Most of the 10 month sentence imposed was spent in the community on home detention curfew.
In 2010 Farah Damji set up a social enterprise called Kazuri Properties which supported and housed 136 women returning to the community from prison, care or domestic violence refuges. This was successful until 2013 when the housing benefit rules changed. The company managed and / owned almost 90 properties. It operated as a regulated Social Enterprise, a Community Interest Company.
In 2010 Farah commissioned Kingâs College inter alia to conduct a literature review of all the evidence available concerning trauma and women in the criminal justice system. In 2011 she helped to draft an article for Lord KK Patel on women in the criminal justice system and mental health issues for House magazine the parliamentary in-house magazine.
She has also commissioned a report on women in the criminal justice system co-authored with Imran Khan Flo Krause and Julia Gibby, and this was launched in Parliament. This report led to an amendment being proposed by Baroness Joyce Gould for a gendered approach to women in the criminal justice system, as a statutory obligation for the Ministry of Justice. For the first time, trauma was acknowledged as a being a driver for many womenâs offending behaviour and Farah was instrumental in bringing that home, in spite of the nurtured complacency of the Womenâs Unit in the MoJ (since disbanded).
In 2012 She organised a panel event with the support of Garden Court Chambers with panellists including Eoighan McLennan Murray, the former prison governor and Secretary of the Prison Governorsâ Association, Jonathan Aitken and Imran Khan, the human rights solicitor who is renowned for his support of the family of Stephen Lawrence and the subsequent Macpherson enquiry into racism within the Metropolitan Police. At this event, Imran Khan described Courts and Prisons as systemically misogynistic. Short clips from the event are available to view on Kazuriâs YouTube channel here.
In 2012 when the Armed Forces bill was being debated in Parliament, she asked Imran Khan and Lord Carlile to help draft an amendment to the Bill, seeking parity in the Military Court Martial system, and the civilian justice system for the person accused to establish, through a fair assessment process whether there were underlying mental health and substance misuse issues. This was so that the accused could be properly diverted to existing mental health and substance misuse programmes, rather than being court-martialled and then slammed into Colchester prison. Baroness Finlay of Llandaff proposed the amendment in the House of Lords and Farah help to write a speech which is available on Hansard. She spoke in private to the Armed Forces Bill team charged with the smooth progress of this bill in Parliament. This amendment lead to significant change in the way the MoD deals with service men and women with mental health issues or substance abuse abroad. They finally acknowledged that PTSD is a real condition, causing real suffering which they had tried to deny previously.
In 2013 Farah commissioned and co-authored a report on the way very vulnerable women are treated under the Home Officeâs Compass contract. This provided housing for women and children awaiting the outcome of their asylum applications. G4S and Serco were the contracted providers for housing and support services. The report was published in parliament with the support of Julian Huppert MP, Geoffrey Robinson MP, Sarah Tether MP and Jeremy Corbyn MP. It was then submitted to the Public Accounts Committee members for the scrutiny and examination of contracts. This in turn led to the uncomfortable questioning of the managing directors responsible for these contracts at G4S and Serco, by the Home Affairs committee and the Public Accounts Committee. Major reform of the way these contracts have been tendered and are commissioned was a result of the inquiry.
Also in 2013 Farah was an active campaigner against the legal aid cuts to services and the privatisation of probation services. She edited and contributed to Mike Turner QCâs weekly Monday Message newsletter when he was chairman of the Criminal Bar Association, for a year. She continued to write, including a draft of an article for Karl Turner MP for Hull East for House magazine. This was a piece about women in the criminal justice system and the need for more gendered approach. This led to a debate in Westminster Hall.
In 2014 Farah founded Uprise Community CiC social enterprise providing affordable housing options for local authorities particularly for vulnerable women and their children on the housing list. The company was launched in Parliament with the support of Stephen Timms and Oliver Colvile MP.
Farah has also organised and delivered resilience training for frontline workers in local authorities, chief executives in the third sector and private companies. The resilience training program consists of mindfulness training and proven methods deployed to counteract secondary trauma in the supervision of people who work with severely traumatised veterans at rehabilitation centres in the US. Resilience training has been very well received and was acknowledged in a notable mention in The Spectator magazine after Melanie McDonagh attended as session and found it interesting.
In May 2016 Farah successfully completed the Mayor of Londonâs Landlord Accreditation Scheme. In May 2016 Uprise bought its own first development site at 312 Hackney Road and Farah raised ÂŁ1.17m for the purchase price and additional ÂŁ50,000 in fees. When she was imprisoned on the harassment charges, negotiation was underway with London Borough of Tower Hamlets to provide some of the units proposed for post refuge accommodation for which there is a dire recognised need for post refuge accommodation for women. Women in refuge accommodation in London are turfed out and meant to just supposed to get on with life in the private rented sector with no support. Farah produced the Construction Management Plan, submitted to the local authority describing how the site will be managed and run.
In March 2016 Farah organised a conference the Quaker Friends Meeting House on Euston Road, about the Public Services (Social Value) Act 2013. Partners included the Daily Mail, the FT, the Ministry of Justice and the Cabinet Office, the childrenâs charity Barnardo's, the YMCA, Nacro, King and Shaxson Investment bank and Big Issue Foundation.
In April 2016 she organised a conference specifically addressing the housing crisis in the capital. The four main candidates were invited to South Bank University, the event partner, to discuss only their plans for housing in London and how they planned to finance these ideas. Over 100 people attended. The report from the conference was hand delivered to the chief of policy at the Treasury and Number 10 Downing Street and London Assembly Members to pave the way forward with practical ideas for raising investment and building new homes. You can hear an interview about Plan A (for Affordable) Housing on Share Radio here.
In August 2016, she was sentenced on 3 counts of S4(a) harassment, to 5 years imprisonment, in spite of two forensic reports stating that she should not go to prison, that mental health diversions in the community were available, by HHJ Timothy Lamb QC at Kingston Crown Court for 18 months, 18 months and 2 years to be served consecutively. Friends of Farah are crowdfunding on CrowdJustice to raise funds and profile for these matters to be taken back to the Court of Appeal on fresh evidence. The matter is now with the CCRC which is considering the safety of the convictions.
She received no mental health support in prison although she repeatedly requested support. She has asked Dr Anton Van Dellen of Goldsmith Chambers in London and renowned forensic medical practitioner Dr Koseen Ford to bring a case against the Ministry of Justice and its providers for failing to provide her with any mental health support, in spite of their knowledge of her diagnoses. This neglect constitutes a breach of Article 3 of the ECHR , in the Stateâs failure to provide any mental health intervention, in spite of being diagnosed with conditions under the Mental Health Act, and the Stateâs duty to provide the services for treatment and rehabilitation under UN , European and domestic law. A conference in the House of Lords, supported by MPs and peers from all parties is being organised for the end of October 2018, to discuss these issues and launch Beyond Reason, the experiences of 130 women who have been denied services, with recognised mental health disabilities. The aim of the conference is to look at new ways to provide better services for women in prison, to meet their mental health and rehabilitative needs and to hold the Government accountable for the ÂŁ500m it spends yearly on justice health contracts. A steering group will prepare amendments for parliamentarians to bring pertinent issues to the Domestic Abuse Bill, due to be debated in parliament in May 2019. You can hear Farahâs interview with Jerry Hayes, leading criminal barrister and talk show host here, discussing the issues of mental health and the criminal justice system.
She is also asking the Judicial Conduct Investigations Office, the Judicial Appointments Committee and the Judicial College to review the way that judges repeatedly ignore the Sentencing Guidelines meant to protect vulnerable or mentally disordered offenders and how they fail to take into account the recommendations of forensic experts. The judge in Farahâs case tried to blame her for not having sought CBT when it was not what the forensic reports suggested, and there being no court ordered intervention previously. He decided he was not only a judge, he was also psychologist. Farah is asking for a Mental Health Ombudsman to be appointed with an army of investigators, for every Crown Court, to sit in on proceedings where mental health has been identified as an issue, and to ensure that the Court is abiding by its Public Sector Equalities Duty towards disabled people.
In March 2017 Farah contributed to the Joint Committee on Human Rights enquiry on Mental Health and Deaths in Custody. In November 2017 she compiled a response with several other women prisoners for the Public Accounts Committee into Mental Health in Prison describing the dearth of services let alone any parity of services as would be found in the community. Farah continues to highlight injustice and wrongdoing in the womenâs prison estate.
Farahâs explosive report on the sexual harassment to which women in the criminal justice system are subjected was published by the Women and Equalities Select Committee in July 2018. She is due to give evidence in camera to the Committee shortly.
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Kushner, Perry Met With Zelensky Before Ukraineâs $400M Military Aid Was Delayed
More than a month before President Trumpâs now heavily scrutinized phone call with Ukrainian President Volodymyr Zelensky, and at the same time an almost $400 million U.S. military aide package was being discussed and ultimately delayed, two senior administration officials, Special Advisor Jared Kushner and U.S. Energy Secretary Rick Perry, met privately with the comedian-turned-leader, and discussed issues related to energy and security. The meeting took place at a tax-payer funded VIP dinner on June 4th, 2019 at the Brussels residence of U.S. Ambassador to the European Union Gordon Sondland, and was part of the embassyâs annual celebration of Independence Day, which though hosted one month early, included a glitzy event at the Autoworld vintage car museum in the heart of Belgiumâs capital. Texasâ former Governor and Kushner attended both events, and were personally pictured with President Zelensky at the dinner, at which President Trumpâs son-in-law was sat directly next to the foreign leader. Also in attendance at this invite-only dinner, according to records published by the U.S. Mission to the European Union, were other foreign leaders such as Romanian Prime Minister Viorica DÄncilÄ and her Vice Prime Minister Ana Birchall; Polish President Andrzej Duda; Georgian Prime Minister Mamuka Bakhtadze; Belgian Interior Minister Pieter De Crem; Ukrainian Deputy Minister of Foreign Affairs for the European Integration, Olena Volodymyrivna Zerkal; European Commissioner for Climate Action and Energy Miguel Arias CaĹet; European Parliament President Antonio Tajani; and EU High Representative for Foreign Affairs and Security Policy, Federica Mogherini. The U.S. delegation was no less robust and included U.S. State Department Counselor Ulrich Brechbuhl; Acting Assistant for the Bureau of European and Eurasian Affairs Secretary Philip T. Reeker; U.S. Ambassador to the Kingdom of Belgium Ronald J. Gidwitz; U.S. Ambassador to Poland Georgette Mosbacher; and NATO Special Operations Headquarters Commander, Vice Admiral Colin J. Kilrain. In addition to diplomatic officials, a lone entertainer was invited, comedian Jay Leno. At the time of the dinner, President Zelensky was on his first foreign trip as leader of Ukraine, and Kushner had just departed London, where President Trump was making a state visit. Both officials were on a quest to secure support from the European Union, Kushner for the long anticipated Israeli-Palestinian peace plan, and President Zelensky for accession to membership in the bloc, a move he described at the time to European Council President Donald Tusk as a âpowerful blow against Russian authoritarianism,â and their âimperial project.â An unnamed source in President Zelenskyâs administration quoted by Interfax-Ukraine and the Kyiv Post confirmed that Kushner spoke to Ukraineâs leader during the trip, and said that âthey discussed a wide range of issues, ranging from security to energy.â Additionally, a report published by the Financial Times on June 5 also asserts President Zelensky met with Kushner as well as with Secretary Perry, but gives no detail as to what was discussed. It is not clear if these reports were referring to an additional meeting aside from the U.S. EU embassy event where photos confirm direct interaction between President Zelensky, Secretary Perry and Kushner. A White House official with knowledge of the dinner told TruNews that this dinner was the meeting being referenced, and that President Zelensky arrived late and left early, and no additional meetings took place. Secretary Perryâs role in the Brussels dinner is made clearer when examining his mention in the whistleblower complaint released Thursday morning by the House intelligence Committee. According to the complaint, unnamed U.S. government officials allegedly told the whistleblower that Secretary Perry was sent to President Zelenskyâs inauguration on May 20 in place of Vice President Mike Pence at the instruction of President Trump, who ordered the VP to cancel the trip to make it clear that President Trump himself would not meet with the Ukrainian leader until he saw how he âchose to actâ in office. While in Ukraine on this state directed visit, Secretary Perry told reporters to expect a sanctions bill to materialize soon penalizing companies involved in Russiaâs Nord Stream 2 pipeline, the gas pipeline being construction across the Baltic Sea to Germany which directly threatens the profits and domestic siphoning of the Gazprom Soyuz pipeline which traverses Ukraine. Other members of the U.S. delegation led by Secretary Perry, who returned on May 23 to brief President Trump at the White House, included Wisconsin Republican Senator Ron Johnson; U.S. Special Representative for Ukraine Kurt Volker, who also presently serves as executive director of the McCain Institute for International Leadership; and Ambassador Sondland, who also attended the Brussels-Kushner-Zelensky dinner. These same officials gathered at the White House on July 10th along with National Security Advisor John Bolton and his Ukrainian counterpart Oleksandr Danylyuk, who directly advises President Zelensky on national security, to âdiscuss opportunities for increased energy security cooperation.â On July 26th, one day after the infamous Trump-Zelensky phone call, envoy Volker, Ambassador Sondland, and former U.S. ambassador to the Ukraine, William B. Taylor, met in Kiev with National Security & Defense Council Secretary Danylyuk and President Zelensky. According to Ukrainian television outlet Hromadske the parties discusses the âcurrent situation in the area of Operation of the Joint Forces,â referring to military cooperation between the U.S. and it's most strategic ally in Eastern Europe. It is of note that envoy Volker reportedly resigned following the publication of President Trump's July 25th phone call with President Zelesnky, and other White House officials are seeking independent legal counsel related to their role in the negotiations with Ukraine. On the subject of military aid, the Kushner-Perry-Zelensky-Brussels dinner in June eerily coincides with what the Washington Post, quoting unnamed administration officials, described as the beginning of âdiscussions about Ukrainian aid.â As noted by the Post, President Trump has frequently requested the withholding of aid from foreign governments when he concludes they are ânot doing their part,â with past examples being Central American countries failing to sufficiently halt the inflow of illegal immigrants through Americaâs southern border. Relevant congressional officials were notified on February 28th and May 23rd, the last being only one week before Kushner and Secretary Perryâs meeting with President Zelensky, that President Trump intended to release large contingents of military aid to Ukraine to support their ongoing civil war against separatists in the North Eastern region of their country, and deter further alleged Russian provocations. As part of the $693 billion U.S. Defense Department budget for Fiscal Year 2019, which ends October 1st, Congress approved a total of $391 million in military aid for Ukraine, and this was split into two funds; the larger administered by the Pentagon for the delivery of sniper rifles, counter-artillery radar systems, ammunition and grenade launchers; and the other by the U.S. State Department for maritime security and NATO interoperability. This money reportedly sat dormant in U.S. accounts and was not transferred to Ukraine until September 11th, 2019. Quoting three unnamed senior administration officials whose accounts cannot be independently verified by TruNews, the Post reported that President Trump directed his acting chief of staff, Mick Mulvaney, to âhold backâ the money ���at least a weekâ before the infamous phone call between he and President Zelensky on July 25. Officials at the Office of Management and Budget (OMB), previously overseen by Mulvaney, conveyed President Trumpâs order to the U.S. State Department and the Pentagon through an interagency meeting, according to an anonymous source quoted by the Post who was aware of the âinternal deliberations.â During these deliberations, the Postâs unnamed source noted that officials explained that the president had âconcerns,â and wanted to analyze whether the money even needed to be spent before it was sent to Ukraine. Additionally, the Post claims that Trump Administration officials were then instructed to continuously lie to Congress about the status of the almost $400m military aid package, by telling them delays were part of an âinteragency process,â without providing any additional information. This âpatternâ as the Post describes it, continued from July to September 11, when the funds were finally released, just under two months from the Trump-Zelensky phone call, and just over three months from Jared Kushner and Secretary Perryâs meeting with the Ukrainian President in Brussels. This date also coincides with the resignation of former national security adviser John Bolton, who according to the Post fought unsuccessfully with President Trump to release the almost $400 million military aide package to Ukraine sooner, after President Trump and his embattled lawyer Rudy Giuliani had said they were instead âprimarily concerned with corruption.â It is also one month after top Pentagon official, Undersecretary of Defense for Policy John Rood, wrote to four congressional committees that the Department of Defense had âcertified that the Government of Ukraine has taken substantial action to make defense institutional reforms for the purposes of decreasing corruption and increasing accountability." This verification was required by law to release $250 million of the congressionally approved military aid package to Ukraine. Two unnamed U.S. officials told Reuters that the Trump administration expects that $220 million of the $250 million of the Pentagon-portion of the congressionally approved military aid package for Ukraine for fiscal year 2019 will be spent by Monday, September 30th, the official deadline before the money defaults back to the U.S. and requires a re-approval by Congress for the FY2020. The Pentagon has confirmed that the majority of the $250 million Ukrainian military aid package would be committed before the deadline, but U.S. Defense Secretary Mark Esper has refused to comment on why the White House decided to delay the funds since June. Though no records have yet been provided, the Pentagonâs NATO Foreign Military Sales office is required by law to publish the name(s) of the companies which have agreed to fulfill these weapons contracts, deals which would have been rushed and incurred at an inflated cost for both the governments of the Ukraine and U.S., yet be incredibly profitable for anyone aware of the delay, short term spending need, and stocked to fulfill them. According to Congressional records the U.S. has provided $1.5 billion in security assistance to Ukraine since 2014, when Russian forces were deployed to secure the strategic port of Sevastopol in Crimea, following the elections calling for annexation. At the time, Joe Biden, the focus of the now-infamous July 25 Trump-Zelensky call, by his own admission made a similar threat to halt congressionally approved military aide to Ukraine if Obama administration demands were not met. According to Connecticut Democratic Senator Chris Murphy, who visited Ukraine in early September and spoke directly with President Zelensky and his administration, the âentireâ administration was concerned âthat the aid that was being cut off to Ukraine by President Trump was a consequence for their unwillingness, at the time, to investigate the Bidens.â âI donât think it really matters .â.â. whether the president explicitly told the Ukrainians that they wouldnât get their security aid if they didnât interfere in the 2020 elections,â Senator Murphy said. âThere is an implicit threat in every demand that a United States president makes of a foreign power. .â.â. That foreign country knows that if they donât do it, there are likely to be consequences.â (Photo credit: U.S. Embassy to the European Union) source https://trunews.com/stream/kushner-perry-met-with-zelensky-before-ukraines-400m-military-aid-was-delayed
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April 3, 2021
Here is every single person who is running for NYC Mayorâs democratic primary, which would be held on June 22. I will update the list a few days before the election. Usually, I would write the top few candidates, but here Iâm listing every single one since this is a runoff primary, which means every single candidate counts. So, letâs dive in.
Eric Adams - Currently Brooklyn borough president. Work within the NYPD against police brutality, until becoming state senator then borough president. Very pro-development / public safety as heâs one of the moderates.
Art Chang - Son of Korean immigrants, with thirty years in politics and policy. Managed Long Island Cityâs Queen West Development project. Focused on child care and small business... probably more moderate of the bunch.
Eddie Cullen - A Bronx native, led several tech education ventures like the Harlem Tech Summit, talking about inclusive capitalism... so another moderate.
Avatar Davi - Musical artist and choreographer... kind of less serious Paperboy Prince, who is listed below. He talks about Earth Order? Whatâs that, seriously...
Shaun Donovan - Worked in HUD and was the OMB director for Obama, helping with Hurricane Sandy recovery efforts, and also worked under Bloomberg. His focus is on climate change putting out a lengthy plan... think of him as Jay Inslee here.
Thomas Downs - Heâs 18, apparently. Thatâs all I can say about him.
Guiddalia Emilien - Native of Haiti, sheâs a real estate agent and a small business owner. Thereâs not much going on other than that.
Aaron Foldenauer - Lawyer passionate about providing free legal service and sustainability. So probably more on the progressive side of things.
Quanda Francis - A data driven, progressive, independent Brooklynite... Sheâs 40, which is on the young side of things. Affordable housing is her main issue, although she is marked as an independent in some circles, so thatâs a bit confusing.
Kathryn Garcia - NYC Sanitation commissioner under de Blasio, she also led efforts to abate lead-exposure, interim chair for the Housing Authority, and the emergency âfood czarâ during the pandemic. She champions as a crisis manager. Sheâs probably the continuity candidate in the race, and therefore sheâs not doing well.
Garry Guerrier - Brooklyn native, paramedic with FDNY before becoming a nurse. Thereâs not much about him in regards to policies and such, oddly enough.
Max Kaplan - Director of social media and Talent Resources. This person I am not sure about running since he doesnât even have a campaign website.
Barbara Kavovit - Appears on Real Housewives of Brooklyn, she runs a construction company, which was inherited from his father. Restore and rebuilding is her game, but really thereâs not much to go on her in terms of policies.
Raymond McGuire - A vice chairman of Citigroup, a kind of the moderate business type focused on racial justice, which is in a similar lane to Eric Adams above.
Dianne Morales - CEO of a social-service nonprofit and a founding board member of Jumpstart, an educational nonprofit. A kind of the progressive frontrunner of this race, with things like community control of the Housing Authority, defunding NYPD and a guaranteed minimum income. Her votes are going to be crucial in the run-offs.
Paperboy Love Prince - A non-binary 28-year-old Brooklyn rapper who is not one to be missed. They have frequently stolen the crowd in debates, and while they might not be a front-runner, they are definitely going to push the debate leftwards. People describe them as the youngest candidate running, but of course Thomas Downs is younger, except no one knows about him, so thatâs probably the reason.
Ira Seidman - Data scientist and a mechanical engineer with no political experience. He seems to be the free-wheeling philosopher type. We can probably ignore him.
Scott Stringer - The current City comptroller. Represented Upper West Side in the State Assembly, then borough president before becoming comptroller. He stands for affordable housing, gun control, reproductive rights, LGBTQ rights, and campaign finance reform, kind of the opposition to de Blasio. Moderate progressive.
Ahsan Syed - Ran for mayor in 2017, apparently for 2021 as well, but there are no recent tweets of websites. Running as a muslim candidate with religious freedom...
Joycelyn Taylor - Brooklyn-native entrepreneur, founding her own contracting company, positioning herself as a working-class Democrat. Affording housing in her main talking point, and she started a nonprofit advocacy group for minority owned businesses.
Maya Wiley - Professor of urban policy at the New School. Former top counsel for de Blasio, one-time civil rights attorney with ACLU and NAACP. Former chair of Civilian Complaint Review Board, the complaints are about the NYPD. Sheâs most famous for being a political and legal analyst for MSNBC. A kind of the progressive frontrunner alongside Dianne Morales, which means her votes would be important.
Issac Wright Jr. - Formerly incarcerated lawyer and entrepreneur whose wrongful conviction inspired a recent television series. As per his background, his focus is on criminal justice reform... but thereâs not much going other than that.
Andrew Yang - The overwhelming frontrunner by far, and despite grumblings, runoff does not hurt him in the polls. Ran for president in 2020, which means recognition and fundraising potentials. Still going for UBI and other interesting policies.
That was twenty three candidates. Hopefully there will be fewer by June.
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Gotham (Season One)
Rating: 9/10
My first television review, and weâre starting off with a personal favourite of mine. âGothamâ is the ultimate crossover between the crime, thriller and superhero genres. Itâs ambitious, visceral, glamorous and itâs oh so fun.
This season in particular brings the city of Gotham alive like never before. As a viewer, you really get a clear picture of what it would be like to live in Gotham, known as the crime capital of the world. The world of Gotham is brutal and Machiavellian��to an extent that I had not anticipated. A stand-out character of this season are Robin Lord Taylorâs âOswald Cobblepotâ, a conniving and frequently underestimated climber who is willing to do anything to claim his place as the crime King of Gotham. Alongside him are the glamorous but iron-core badass Fish Mooney, the lackadaisical but ultimately loyal Harvey Bullock, and the deceptively gentlemanly but highly dangerous Carmine Falcone. Of course, I canât help but mention Cameron Monaghanâs âJerome Valeskaâ who - even though he is only in one episode this season - managed to steal the hearts of many âGothamâ fans. Actually, pretty much all of the characters are excellent. Some of the weekly villains are slightly weak, but most of them are decent enough. My main complaint is with Jim Gordon - in a world where everyoneâs morals are greyer than concrete, his moral high-horse act gets a little tiresome after a while. Plus, his primary facial expression seems to be a grimace.
To be honest, I canât pick out a list of highlight episodes for this season because if one sub-plot is weak, another seems to be ten times stronger to make up for it. All in all, this season is of a solid high quality. But my favourite episode is either âWhat the Little Bird Told Himâ or âThe Blind Fortune Tellerâ.
Watch Gotham if you love Batman, crime genre media or viscera in general. Itâs Robinson Approved!
#ben mckenzie#robin lord taylor#corey michael smith#erin richards#Cameron monaghan#review#critic#television#gotham season one#nothing more contagious than queue#gotham
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DealBook: A Presidential Pardon for the âJunk Bond Kingâ
Good morning. Mike Bloomberg will appear onstage for the first time at a Democratic debate tonight, and Senator Elizabeth Warren is ready: âPrimary voters curious about how each candidate will take on Donald Trump can get a live demonstration of how we each take on an egomaniac billionaire,â she tweeted. (Was this email forwarded to you? Sign up here.)
Inside Michael Milkenâs pardon
A reprieve for the âjunk bond kingâ: Mr. Milken was among the âwhoâs who of white-collar criminalsâ pardoned by President Trump yesterday. In a statement, the White House called him âone of Americaâs greatest financiersâ whose âinnovative work greatly expanded access to capital for emerging companies.âA long lobbying effort on behalf of Mr. Milken finally overturned his 1990 securities fraud conviction, for which he served 22 months in prison. (Read the judgeâs explanation of the sentencing at the time.) The White House published a list of 33 high-profile names who supported Mr. Milkenâs cause, including: Tom Barrack of Colony Capital; the Fox Business anchor Maria Bartiromo; Rudy Giuliani, who led the case against Mr. Milken in the 1980s; Robert Kraft, the New England Patriots owner; the media mogul Rupert Murdoch; Sean Parker, the Napster founder and former Facebook executive; the hedge fund billionaire John Paulson; the activist investor Nelson Peltz; and David Rubenstein of the Carlyle Group.The NYTâs Jim Stewart wrote the book on Mr. Milken: His 1992 âDen of Thievesâ chronicled the financierâs exploits at Drexel Burnham Lambert during the height of the âgreed is goodâ 1980s. âItâs not hard to fathom why Mr. Milkenâs saga would resonate with Mr. Trump,â Jim wrote yesterday in his analysis of the pardon. An excerpt:Seen as an underdog, even a very wealthy and well-connected one, Mr. Milken has long inspired a counternarrative that he was a victim of a media and Wall Street establishment jealous of his wealth and success. However unfounded in fact, that version of reality has now gotten a presidential stamp of approval.What next? Mr. Milkenâs conviction came with a lifetime ban from the securities industry, although he paid $47 million in 1998 to settle a complaint from the S.E.C. that he had violated the order by advising friends, including Mr. Murdoch, on transactions. Could he now be tempted to get back into finance? âToday, that is the farthest thing from his mind,â Geoffrey Moore, Milkenâs senior adviser, tells us. âHeâs fully dedicated to continuing his lifelong crusade to cure cancer and other life-threatening diseases.âSpeaking of junk bonds, a new O.E.C.D. report sounds the alarm about a growing mountain of low-quality debt being issued by companies around the world. Noninvestment grade issues account for around a fifth of all corporate bonds issued over the past 10 years, the longest period that junk debt has been so prevalent since Mr. Milkenâs 1980âs heyday, the O.E.C.D. notes. That suggests âdefault rates in a future downturn will likely be higher than in previous credit cycles.â____________________________Todayâs DealBook Briefing was written by Andrew Ross Sorkin in New York and Michael J. de la Merced and Jason Karaian in London.____________________________
Bloomberg would sell Bloomberg if he won. But to whom?
Mike Bloomberg caught the attention of many on Wall Street yesterday when he proposed policies to rein in the financial industry. Then he made more waves when his campaign said he would sell his financial empire if he became president.Bloomberg L.P. could be valued at up to $60 billion, according to analysts at Burton-Taylor International. Campaign officials said Mr. Bloomberg would put the company into a blind trust should he win, with the intent of selling it.The company is best-known for selling terminals that serve up reams of financial data to banks and trading firms around the world, for the nonnegotiable price of $24,000 per seat. Burton-Taylor estimates that the company brought in $10.5 billion in revenue last year. (Bloombergâs news business accounts for a tiny fraction of its revenue.)Who would want Bloomberg L.P.?⢠Data-hungry exchanges like the Intercontinental Exchange, which owns the N.Y.S.E. The London Stock Exchange bought Refinitiv, a Bloomberg competitor, last year.⢠Banks like Goldman Sachs and JPMorgan Chase, which have invested in Symphony, a rival to Bloombergâs chat service.⢠A cash-rich tech giant like Google or Microsoft.Our colleague Ed Lee has thoughts on a potential sale:Bloomberg L.P. generates $10 billion in sales a year, with around $4 billion coming in profit before taxes (and other items). Put it another way: Mr. Bloomberg is used to seeing several billion dollars of cash roll into his personal bank account every year, and even if an all-cash payout incurred a huge capital gains tax, heâs used to it.Of course, there are good strategic buyers that could offer cash and stock. Microsoft, Google and Amazon â businesses that, like Bloomberg, deal in data and messaging â make sense. But Mr. Bloomberg will be calculating the following trade: giving up a very rich, regular cash dividend for stock in a company he doesnât control that could go down in price.Some have suggested a lone buyer could emerge, someone like Warren Buffett or Bill Gates who might appreciate the beauty of the business beyond the balance sheet. But that would create a set of optics no one would want: a billionaire helping out another billionaire so he can become president.
SoftBank is raising more cash, again
The Japanese tech conglomerate said this morning that it planned to raise about $4.5 billion. This being SoftBank, however, the way itâs doing so isnât exactly straightforward.Weâd expect nothing less from a company whose $100 billion Vision Fund relies on a complicated, debt-heavy structure. In its latest maneuver, SoftBank will borrow against some of the holdings in its publicly traded Japanese telecom affiliate rather than just selling new bonds.SoftBank needs quite a bit of money. Itâs under pressure from Elliott Management, the activist hedge fund, to buy back about $20 billion worth of its shares to bolster its stock price. And it has been spending more of its own money on tech investments as fund-raising for its second Vision Fund proves to be slow going.
The coronavirus spread in China appears to be slowing
Weâve heard that before, but there are some positive signs. âItâs too early to tell if this reported decline will continue,â said the World Health Organizationâs director general. âEvery scenario is still on the table.âUsing bonds to fight the epidemic: At the urging of Beijing, Chinese companies have raised more than $3 billion in âvirus controlâ bonds, reports the FT. The debt benefits from a faster approval process and low yields, since there is strong backing from state-backed buyers. Borrowers are required to devote at least 10 percent of the amounts raised to fighting the epidemic.
A different way to fight sexual harassment
The usual ways of addressing sexual harassment in corporate America arenât working, Gretchen Carlson and Roxanne Petraeus write in Fortune. They suggest another approach: rethinking the use of nondisclosure agreements.When founders are building out their hiring practices, even at the early stages of their companies, they should understand what N.D.A.s are in their employment contracts, and consider the impacts on their colleagues, should those N.D.A.s be applied to sexual harassment cases. Investors should also be asking these questions to their portfolio companies.Similarly, leaders of more mature companies have a real platform: They can publicly denounce the use of N.D.A.s in sexual harassment cases to set new standards when it comes to what is considered common practice in dealing with sexual harassment.
The speed read
Deals⢠Franklin Resources agreed to buy a fellow asset management firm, Legg Mason, for $4.5 billion. (WSJ)⢠The Italian bank Intesa Sanpaolo has bid $5.3 billion to take over a rival, UBI Banca. (Bloomberg)⢠LendingClub is the first fintech company to buy a real-world bank with its $185 million deal for Radius Bancorp. (CNBC)⢠Blue Apron, which went public at a $2 billion valuation in 2017, is now considering selling itself, at a time when its market value has fallen to $57 million. (WSJ)Politics and policy⢠Attorney General Bill Barr reportedly considered quitting over President Trumpâs tweets about Justice Department investigations. (WaPo)⢠A middle-class U.S. tax increase is inevitable sometime this decade. (Fortune)⢠Britain outlined its plans to restrict immigration for low-skilled workers now that it has left the E.U. (Politico)⢠Diseases like Covid-19 are deadlier in non-democracies. (The Economist)Tech⢠A federal judge rejected Huaweiâs challenge to U.S. restrictions on working with government agencies. (Reuters)⢠Employees of Kickstarter voted to unionize. (NYT)⢠Alphabet is shutting down a moonshot project to harvest wind energy using kites. (Bloomberg)⢠The I.R.S. accused Facebook of âdownplayingâ the value of its intellectual property to pay less in taxes. (FT)Best of the rest⢠JPMorgan Chase reshuffled the leadership of its investment bank, including creating a new committee of dedicated senior deal makers. (Reuters)⢠Boeing is checking 400 grounded but undelivered 737 Max jets for debris â like tools and rags â left in fuel tanks. (Bloomberg)⢠Why open-office plans are terrible: They make spaces like âphone boothsâ and âmeeting podsâ necessary. (NYT)Thanks for reading! Weâll see you tomorrow.Weâd love your feedback. Please email thoughts and suggestions to [email protected]. Read the full article
#1augustnews#247news#5g570newspaper#660closings#702news#8paradesouth#911fox#abc90seconds#adamuzialkodaily#atoactivitystatement#atobenchmarks#atocodes#atocontact#atoportal#atoportaltaxreturn#attnews#bbnews#bbcnews#bbcpresenters#bigcrossword#bigmoney#bigwxiaomi#bloomberg8001zĂźrich#bmbargainsnews#Bond#business#business0balancetransfer#business0062#business0062conestoga#business02
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The 1908 Merchants' Building - 693-697 Broadway
photo by Beyond My Ken
Born in Germany in 1849, Philip Braender arrived in the United States as a teenager just after the end of the Civil War. He began his career as a "mason builder" in 1871, but quickly moved into real estate development. From 1877 to about 1892 Braender focused on erecting apartments, most of them for the German immigrant community. The Real Estate Record & Builders' Guide later remarked "there is scarcely a block between 63d and 125th street which does not contain evidence of his workmanship, in the shape of five-story flats."
During the last decade of the century he had branched out into other areas of the city. In November 1907 he purchased the three five-story buildings at the southwest corner of East 4th Street, and the two smaller buildings on the side street. It was a corner that had seen tremendous change. Around 1843 the upscale Waverly House hotel opened on the site, amidst the mansions of some of Manhattan's wealthiest citizens (Cornelius Vanderbilt erected his 40-foot wide home at No. 10 Washington Place nearby in 1846).
The posh hotel sat in a quiet residential neighborhood. from the collection of the Museum of the City of New York
But the second half of the 19th century brought commerce. The mansions disappeared, to be replaced by businesses, as did the Waverly House. Now Philip Braender had grander plans for the corner.
On January 8, 1908 The American Architect and Building News reported that architect William C. Frohne was "preparing plans for a sixteen-story loft building."Â The estimated cost, said the article, was $1 million; more than 27 times that much today.
Later that year the Real Estate Record & Builders' Guide added "The three lower stories will contain stores and have elaborate show windows. The upper exterior will be of light brick and terra cotta, with copper trimmings." Frohme had included all the latest amenities: "electric elevators, high-pressure heating, and an electric power plant." (An independent generator was a near-necessity at a time when power from outside companies was not always dependable.)
Frohne released this rendering in July 1908. Note the elaborate cornice crowned with torches. Real Estate Record & Builders' Guide, August 1, 1908 (copyright expired)
The soaring structure was completed before the year's end. It was originally to be called the Braender Building; but during construction the name was changed to the Merchants' Building as evidenced in a carved cartouche above the Broadway entrance.
Each of the rusticated limestone piers sat on polished granite bases. The cast iron show window enframements took the form of bundled sheaves. Above the third floor cornice stern-faced owns raised their wings to uphold a decorative stone band carved to mimic the cast iron bundles around the storefronts. The band reappeared above the 13th floor. Fearsome lions' heads took the place of owls on the 14th floor. Far from street level, they were executed in less expensive terra cotta, along with the banded and fluted columns of the 15th and 16th floors, which incorporated female faces into their Corinthian capitals.
photo by Phyllis Winchester
But the most striking element of Frohne's design was the effusive copper cornice, fabricated by Max Kestenbaum.  Although the original rendering showed gigantic torches lining the edge, they were downsized to a regimented row of anthemia, each the height of a man. Upheld by enormous brackets, the massive cornice must have been blinding in the sunshine before the shiny copper obtained its green, weathered patina.
Architects' and Builders' Magazine, January 1909 (copyright expired)
Even while the Merchants' Building was under construction, apparel and textile firms scrambled to lease space. In September 1908 the Royal Tailoring Corporation of Chicago rented two floors, a total of 18,000 square feet. It was among the first of the more than a score of tenants who would manufacture clothing and millinery here.
Four years after moving in many of the apparel firms were rocked by a wide-spread labor strike. Unions, which were becoming more powerful, sought improved working conditions, reduced hours, and better pay for their members. But their strong-handed methods included intimidation of those workers who stayed on the job--too often resulting in physical injury or death.Â
Workers in J. L. Taylor & Co.'s factory were terrified by mobs of union members waiting for them on the street; to the point that they were afraid to leave the building.  On January 8, 1913 The New York Times reported "At the factory J. L. Taylor & Co., 693 Broadway, where disorder occurred on Monday night at closing time, there was renewed intimidation of the workers last night. Automobiles took away 100 of the girl employees under police protection. Twenty men employees, it was admitted by the manager of the factory, were prepared to spend the whole night in the place for fear of being beaten by strikers if they attempted to go to their homes."
Close inspection reveals that two tenants, William Rosenbaum & Co. and Thos. A. Sullivan & Co. placed their names in metal lettering at the fourth and fifth floors.  Architects' and Builders' Magazine, January 1909 (copyright expired)
Philip Braender died in November 1916. The Real Estate Record & Guide said "No less than fifteen hundred private houses, apartments and fireproof commercial buildings came from his hands." Many of those structures, including the Merchants' Building, were still owned by his estate.
It was not labor problems, but an organized band of brazen thieves that plagued apparel makers in 1918.  On November 20 The Evening World reported "Silks and woolens to the value of almost $1,000,000 have been stolen from loft buildings in New York since the first of the year...They haul their plunder away in motor trucks."
The saavy burglars were aware of new forensic techniques and used a substance on their fingers to prevent prints. "Cases are on record where they bored through brick and plaster walls to get their booty," said the article. "They have smashed doors that were built like safe doors and have broken strong locks. In some cases safes have been blown apart."
The Merchants' Building was on their list of targets. Among the victims listed by the newspaper was Mark Bros., which had lost $2,000 in goods, nearly $33,000 today.
The Braender estate sold the building in September 1919 to Max N. Natanson for $900,000--in the neighborhood of $12.8 million today. The following year in November Natanson sold it to Morris P. Altman. The rapid-fire turnover of the property continued until, when Edward W. Browning sold it in September 1930, The New York Times remarked "the deal marked the nineteenth time the property had been sold since 1916 [sic]."
The Evening World, November 12, 1920 (copyright expired)
Despite the frequent buying and selling of the Merchants' Building, it continued to be fully-rented to apparel and millinery firms. The same 1921 issue of The Haberdasher reported on three new tenants--the recently formed Shapiro Brothers, manufacturers of youths' and men's clothing; Benjamine Poe, neckwear;" Matthew Rosenbloom, shirts; and the new men's clothing firm Rosen-Edison Company, makers of their "Better-Made" brand.
The Good Value Hat and Cap Company was in Merchants' Building during the Depression years. Workers at the time were paid in cash, a practice inconceivable today. Once a week an employee would withdraw the weekly payroll from a nearby bank and then nervously return to stuff pay envelopes for each employee. The routine was not lost on criminals, who sometimes watched the movements of cashiers and bookkeepers for weeks and then pounced.
Such was the case on October 16, 1931 when 20-year-old Lillian Elson returned from the Bank of America at Broadway and Third Street. She stepped into the elevator with two other passengers. Just before the operator closed the doors, three men joined them. As soon as the doors closed, each of the men pulled out a pistol. They ordered the operator to stop at the third floor, snatched the large envelope of bills from Lillian, and got off the elevator. According to the passengers, they ordered "shoot up to the roof."
The men then ran down the stairs to make their escape. But they neglected to pocket their weapons before reaching the lobby. E. J. Rosenwald, who was entering the West Fourth Street entrance, saw the guns as they rushed past and shouted "Stop thief!" His calls drew the attention of a 22-year-old soda clerk, Alfred Siegel.
As it turned out, Siegel was the last person the robbers would want to encounter. He had been a football player in 1929 at De Witt Clinton High School and was currently awaiting appointment as a policeman. The athletic young man took up the chase, focusing his attention on crook with the pay envelope.
John Virga apparently realized he was in imminent danger of capture, so he flung the payroll to the ground, hoping to distract his pursuer. That did not work.  After a three block run, Siegel made a flying tackle on Washington Place. The 27-year-old Virga was arrested and the envelope--containing $1,399.55 was recovered.
The cast iron sheaves of the storefronts, now painted blue, are mimicked in the stone course above the owls. photo by Beyond My Ken
The Paper Box Makers Union had its offices in the building by 1929. Labor unions had still not abandoned the practice of strong-arming strike breakers and owners.  After a five-year Federal investigation, officials arrived at the office on July 6, 1934 and arrested Charles Vonie, the union's business representative, and Joseph Parisi, the business representative of the Paper Box Drivers Union. They were charged with coercion and conspiracy. Assistant State Attorney General Benjamin Heffner said complaints had been made by manufacturers "who had charged they had been forced to sign union wage agreements."
Another millinery firm in the building at the time was the Goldy Hat Company. The Great Depression significantly slowed business for apparel and millinery firms as Americans cut back on non-essential spending. Joseph Markovitz had been working at Goldy Hat Company for about two years when he reported for work on October 21, 1935. That morning he became one more victim of the Depression when he was told, according to The New York Times, "there was no work for him."
Markovitz was stunned. He lingered, apparently trying to figure out what he would do now, how he would pay his bills, but could not come up with a solution. "He remained there all morning, then went into the hallway, the police reported, and jumped from a window." He had taken the time to write a note of apology which was found in his pocket. "The body crashed through the wooden roof of a three-story building at 8 West Fourth Street," reported The Times.
Markovitz's tragic suicide was the first of three horrible occurrences to take place in the building. The Mill Comb Manufacturing Company was a long-term tenant in 1940. Its foreman, Aristide Blain, was a French-Canadian, earning the 43-year-old the nickname "Frenchy" among his co-workers. What those colleagues may not have understood, however, was that while Blain did not mind the nickname, he was overly sensitive about other things.
On February 22 a 23-year-old bookkeeper, Frances Marks, was found murdered on East 101st Street. Before long police announced that they were looking for a suspect in the case, known on the streets as "Frenchy." Workers at the Mill Comb Manufacturing Company began teasing Blain, saying they heard he was wanted by the cops. Blain took it all too seriously.
On Saturday night, March 23 Blain did not return home and no trace of him could be found. Then, on Monday morning his employer, John Litterer opened the office to find Blain's body hanging from a door lintel by his belt. A note to his wife was found on his desk:
I am wrongly suspected of murder but I am glad that you know I am as innocent as you are. You and your daughters know I have always been home before 12 midnight. I have so much other trouble that I decided to end it all. Police confirmed that he "had nothing whatever to do with the murder, which is still unsolved," reported The New York Times.
Nine months later another body was found in the building--this time a victim of a gruesome murder. At 6:10 on the morning of December 7, 1940 Raymond Franklin, a handyman in the building, arrived for work but could not get in. Normally the night watchman, John C. Fischetti, answered his rings and admitted him. Franklin forced a door and upon entering found the body of Fischetti near his the chair where he normally sat throughout the night. The pillow from that chair had been placed under his head--but it was the only evidence of kindness on the part of his murderer. His skull had been fractured and a length of rope used to strangle him. Police felt the motive was personal, since his belongings and a small amount of money were still on him.
It did not take detectives long to find the murderer. Guiseppe Daviso was arrested on December 12 and charged with the crime. The 46-year-old ex-con had asked Fischetti for a loan that night. When the watchman refused, Daviso became enraged, striking him in the head, then strangling him.
Another victim around the time was William C. Frohne's copper cornice By 1936 it had been removed, its scar covered over by patches of various materials.
The building continued to be home to apparel firms--like the Walforf Novelty Company which made trimmings, and the Leather Novelty Blocking & Stitching Company into the 1960's. The owner of another, the Allied Fur Company, Norman Weissman, found a secondary way to make money.
On October 24, 1965 The Times reported "A detective posing as a fur buyer and two policewomen posing as models broke up yesterday what the police called a $200,000-a-week bookmaking operation when they raided a fifty-floor loft rented by a fur company."  While Weissman sold furs in the front offices, Arthur Sonnenschein, Martin Hirsch and Samuel Zorn ran a betting operation in the back. All four men were arrested, and Sonnenschein was hit with a second charge of "having tried to bribe Deputy Inspector Paul F. Delise," who was in charge of the raid.
Two years later New York University owned the building. While the school continued to lease space to manufacturers, it converted other sections for offices and storage. When the "morgues"--or clipping libraries--of the defunct newspapers The New York Herald Tribune, The New World-Telegram and The Sun were donated to the university's School of Journalism in 1967 (more than 14 million clippings), they were brought to the 12th floor of the Merchants' Building. Several hundred file cabinets were brought into the 8,000 square foot space to accommodate the collection.
A decade later NYU announced its intentions of converting the building to residences. Democratic candidate for mayor Edward I Koch was not pleased. He told the 400 guests at a gathering at the Americana Hotel on October 18, 1977 that the plan was "a clear perversion of a good objective. We need housing but certainly not at the expense of jobs."
When New York Secretary of State Mario Cuomo asked rhetorically "Is it done in a sinister way?" Koch replied "I doubt it. I think it's really an ineptitude."
As it turned out, Koch's opinion did not matter. In 1980 the Merchants' Building was combined internally with nine other structures, including the 12-story 250 Mercer Street directly behind to create 277 cooperative apartments designed by architect Henry G. Greene. Working on the exterior renovation was engineer Vincent Stramandinoli, who removed the materials from the old cornice where raw brick and the old steel frame were all that was left.
A much more reserved replacement cornice was fabricated which brings the Merchants' Building back--almost--to its 1908 appearance.
photograph by Phyllis Winchester
non-credited photographs by the author many thanks to reader Phyllis Winchester for prompting this post
Source: http://daytoninmanhattan.blogspot.com/2019/01/the-1908-merchants-building-693-697.html
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The 1908 Merchants' Building - 693-697 Broadway
photo by Beyond My Ken
Born in Germany in 1849, Philip Braender arrived in the United States as a teenager just after the end of the Civil War. He began his career as a "mason builder" in 1871, but quickly moved into real estate development. From 1877 to about 1892 Braender focused on erecting apartments, most of them for the German immigrant community. The Real Estate Record & Builders' Guide later remarked "there is scarcely a block between 63d and 125th street which does not contain evidence of his workmanship, in the shape of five-story flats."
During the last decade of the century he had branched out into other areas of the city. In November 1907 he purchased the three five-story buildings at the southwest corner of East 4th Street, and the two smaller buildings on the side street. It was a corner that had seen tremendous change. Around 1843 the upscale Waverly House hotel opened on the site, amidst the mansions of some of Manhattan's wealthiest citizens (Cornelius Vanderbilt erected his 40-foot wide home at No. 10 Washington Place nearby in 1846).
The posh hotel sat in a quiet residential neighborhood. from the collection of the Museum of the City of New York
But the second half of the 19th century brought commerce. The mansions disappeared, to be replaced by businesses, as did the Waverly House. Now Philip Braender had grander plans for the corner.
On January 8, 1908 The American Architect and Building News reported that architect William C. Frohne was "preparing plans for a sixteen-story loft building."Â The estimated cost, said the article, was $1 million; more than 27 times that much today.
Later that year the Real Estate Record & Builders' Guide added "The three lower stories will contain stores and have elaborate show windows. The upper exterior will be of light brick and terra cotta, with copper trimmings." Frohme had included all the latest amenities: "electric elevators, high-pressure heating, and an electric power plant." (An independent generator was a near-necessity at a time when power from outside companies was not always dependable.)
Frohne released this rendering in July 1908. Note the elaborate cornice crowned with torches. Real Estate Record & Builders' Guide, August 1, 1908 (copyright expired)
The soaring structure was completed before the year's end. It was originally to be called the Braender Building; but during construction the name was changed to the Merchants' Building as evidenced in a carved cartouche above the Broadway entrance.
Each of the rusticated limestone piers sat on polished granite bases. The cast iron show window enframements took the form of bundled sheaves. Above the third floor cornice stern-faced owns raised their wings to uphold a decorative stone band carved to mimic the cast iron bundles around the storefronts. The band reappeared above the 13th floor. Fearsome lions' heads took the place of owls on the 14th floor. Far from street level, they were executed in less expensive terra cotta, along with the banded and fluted columns of the 15th and 16th floors, which incorporated female faces into their Corinthian capitals.
photo by Phyllis Winchester
But the most striking element of Frohne's design was the effusive copper cornice, fabricated by Max Kestenbaum.  Although the original rendering showed gigantic torches lining the edge, they were downsized to a regimented row of anthemia, each the height of a man. Upheld by enormous brackets, the massive cornice must have been blinding in the sunshine before the shiny copper obtained its green, weathered patina.
Architects' and Builders' Magazine, January 1909 (copyright expired)
Even while the Merchants' Building was under construction, apparel and textile firms scrambled to lease space. In September 1908 the Royal Tailoring Corporation of Chicago rented two floors, a total of 18,000 square feet. It was among the first of the more than a score of tenants who would manufacture clothing and millinery here.
Four years after moving in many of the apparel firms were rocked by a wide-spread labor strike. Unions, which were becoming more powerful, sought improved working conditions, reduced hours, and better pay for their members. But their strong-handed methods included intimidation of those workers who stayed on the job--too often resulting in physical injury or death.Â
Workers in J. L. Taylor & Co.'s factory were terrified by mobs of union members waiting for them on the street; to the point that they were afraid to leave the building.  On January 8, 1913 The New York Times reported "At the factory J. L. Taylor & Co., 693 Broadway, where disorder occurred on Monday night at closing time, there was renewed intimidation of the workers last night. Automobiles took away 100 of the girl employees under police protection. Twenty men employees, it was admitted by the manager of the factory, were prepared to spend the whole night in the place for fear of being beaten by strikers if they attempted to go to their homes."
Close inspection reveals that two tenants, William Rosenbaum & Co. and Thos. A. Sullivan & Co. placed their names in metal lettering at the fourth and fifth floors.  Architects' and Builders' Magazine, January 1909 (copyright expired)
Philip Braender died in November 1916. The Real Estate Record & Guide said "No less than fifteen hundred private houses, apartments and fireproof commercial buildings came from his hands." Many of those structures, including the Merchants' Building, were still owned by his estate.
It was not labor problems, but an organized band of brazen thieves that plagued apparel makers in 1918.  On November 20 The Evening World reported "Silks and woolens to the value of almost $1,000,000 have been stolen from loft buildings in New York since the first of the year...They haul their plunder away in motor trucks."
The saavy burglars were aware of new forensic techniques and used a substance on their fingers to prevent prints. "Cases are on record where they bored through brick and plaster walls to get their booty," said the article. "They have smashed doors that were built like safe doors and have broken strong locks. In some cases safes have been blown apart."
The Merchants' Building was on their list of targets. Among the victims listed by the newspaper was Mark Bros., which had lost $2,000 in goods, nearly $33,000 today.
The Braender estate sold the building in September 1919 to Max N. Natanson for $900,000--in the neighborhood of $12.8 million today. The following year in November Natanson sold it to Morris P. Altman. The rapid-fire turnover of the property continued until, when Edward W. Browning sold it in September 1930, The New York Times remarked "the deal marked the nineteenth time the property had been sold since 1916 [sic]."
The Evening World, November 12, 1920 (copyright expired)
Despite the frequent buying and selling of the Merchants' Building, it continued to be fully-rented to apparel and millinery firms. The same 1921 issue of The Haberdasher reported on three new tenants--the recently formed Shapiro Brothers, manufacturers of youths' and men's clothing; Benjamine Poe, neckwear;" Matthew Rosenbloom, shirts; and the new men's clothing firm Rosen-Edison Company, makers of their "Better-Made" brand.
The Good Value Hat and Cap Company was in Merchants' Building during the Depression years. Workers at the time were paid in cash, a practice inconceivable today. Once a week an employee would withdraw the weekly payroll from a nearby bank and then nervously return to stuff pay envelopes for each employee. The routine was not lost on criminals, who sometimes watched the movements of cashiers and bookkeepers for weeks and then pounced.
Such was the case on October 16, 1931 when 20-year-old Lillian Elson returned from the Bank of America at Broadway and Third Street. She stepped into the elevator with two other passengers. Just before the operator closed the doors, three men joined them. As soon as the doors closed, each of the men pulled out a pistol. They ordered the operator to stop at the third floor, snatched the large envelope of bills from Lillian, and got off the elevator. According to the passengers, they ordered "shoot up to the roof."
The men then ran down the stairs to make their escape. But they neglected to pocket their weapons before reaching the lobby. E. J. Rosenwald, who was entering the West Fourth Street entrance, saw the guns as they rushed past and shouted "Stop thief!" His calls drew the attention of a 22-year-old soda clerk, Alfred Siegel.
As it turned out, Siegel was the last person the robbers would want to encounter. He had been a football player in 1929 at De Witt Clinton High School and was currently awaiting appointment as a policeman. The athletic young man took up the chase, focusing his attention on crook with the pay envelope.
John Virga apparently realized he was in imminent danger of capture, so he flung the payroll to the ground, hoping to distract his pursuer. That did not work.  After a three block run, Siegel made a flying tackle on Washington Place. The 27-year-old Virga was arrested and the envelope--containing $1,399.55 was recovered.
The cast iron sheaves of the storefronts, now painted blue, are mimicked in the stone course above the owls. photo by Beyond My Ken
The Paper Box Makers Union had its offices in the building by 1929. Labor unions had still not abandoned the practice of strong-arming strike breakers and owners.  After a five-year Federal investigation, officials arrived at the office on July 6, 1934 and arrested Charles Vonie, the union's business representative, and Joseph Parisi, the business representative of the Paper Box Drivers Union. They were charged with coercion and conspiracy. Assistant State Attorney General Benjamin Heffner said complaints had been made by manufacturers "who had charged they had been forced to sign union wage agreements."
Another millinery firm in the building at the time was the Goldy Hat Company. The Great Depression significantly slowed business for apparel and millinery firms as Americans cut back on non-essential spending. Joseph Markovitz had been working at Goldy Hat Company for about two years when he reported for work on October 21, 1935. That morning he became one more victim of the Depression when he was told, according to The New York Times, "there was no work for him."
Markovitz was stunned. He lingered, apparently trying to figure out what he would do now, how he would pay his bills, but could not come up with a solution. "He remained there all morning, then went into the hallway, the police reported, and jumped from a window." He had taken the time to write a note of apology which was found in his pocket. "The body crashed through the wooden roof of a three-story building at 8 West Fourth Street," reported The Times.
Markovitz's tragic suicide was the first of three horrible occurrences to take place in the building. The Mill Comb Manufacturing Company was a long-term tenant in 1940. Its foreman, Aristide Blain, was a French-Canadian, earning the 43-year-old the nickname "Frenchy" among his co-workers. What those colleagues may not have understood, however, was that while Blain did not mind the nickname, he was overly sensitive about other things.
On February 22 a 23-year-old bookkeeper, Frances Marks, was found murdered on East 101st Street. Before long police announced that they were looking for a suspect in the case, known on the streets as "Frenchy." Workers at the Mill Comb Manufacturing Company began teasing Blain, saying they heard he was wanted by the cops. Blain took it all too seriously.
On Saturday night, March 23 Blain did not return home and no trace of him could be found. Then, on Monday morning his employer, John Litterer opened the office to find Blain's body hanging from a door lintel by his belt. A note to his wife was found on his desk:
I am wrongly suspected of murder but I am glad that you know I am as innocent as you are. You and your daughters know I have always been home before 12 midnight. I have so much other trouble that I decided to end it all. Police confirmed that he "had nothing whatever to do with the murder, which is still unsolved," reported The New York Times.
Nine months later another body was found in the building--this time a victim of a gruesome murder. At 6:10 on the morning of December 7, 1940 Raymond Franklin, a handyman in the building, arrived for work but could not get in. Normally the night watchman, John C. Fischetti, answered his rings and admitted him. Franklin forced a door and upon entering found the body of Fischetti near his the chair where he normally sat throughout the night. The pillow from that chair had been placed under his head--but it was the only evidence of kindness on the part of his murderer. His skull had been fractured and a length of rope used to strangle him. Police felt the motive was personal, since his belongings and a small amount of money were still on him.
It did not take detectives long to find the murderer. Guiseppe Daviso was arrested on December 12 and charged with the crime. The 46-year-old ex-con had asked Fischetti for a loan that night. When the watchman refused, Daviso became enraged, striking him in the head, then strangling him.
Another victim around the time was William C. Frohne's copper cornice By 1936 it had been removed, its scar covered over by patches of various materials.
The building continued to be home to apparel firms--like the Walforf Novelty Company which made trimmings, and the Leather Novelty Blocking & Stitching Company into the 1960's. The owner of another, the Allied Fur Company, Norman Weissman, found a secondary way to make money.
On October 24, 1965 The Times reported "A detective posing as a fur buyer and two policewomen posing as models broke up yesterday what the police called a $200,000-a-week bookmaking operation when they raided a fifty-floor loft rented by a fur company."  While Weissman sold furs in the front offices, Arthur Sonnenschein, Martin Hirsch and Samuel Zorn ran a betting operation in the back. All four men were arrested, and Sonnenschein was hit with a second charge of "having tried to bribe Deputy Inspector Paul F. Delise," who was in charge of the raid.
Two years later New York University owned the building. While the school continued to lease space to manufacturers, it converted other sections for offices and storage. When the "morgues"--or clipping libraries--of the defunct newspapers The New York Herald Tribune, The New World-Telegram and The Sun were donated to the university's School of Journalism in 1967 (more than 14 million clippings), they were brought to the 12th floor of the Merchants' Building. Several hundred file cabinets were brought into the 8,000 square foot space to accommodate the collection.
A decade later NYU announced its intentions of converting the building to residences. Democratic candidate for mayor Edward I Koch was not pleased. He told the 400 guests at a gathering at the Americana Hotel on October 18, 1977 that the plan was "a clear perversion of a good objective. We need housing but certainly not at the expense of jobs."
When New York Secretary of State Mario Cuomo asked rhetorically "Is it done in a sinister way?" Koch replied "I doubt it. I think it's really an ineptitude."
As it turned out, Koch's opinion did not matter. In 1980 the Merchants' Building was combined internally with nine other structures, including the 12-story 250 Mercer Street directly behind to create 277 cooperative apartments designed by architect Henry G. Greene. Working on the exterior renovation was engineer Vincent Stramandinoli, who removed the materials from the old cornice where raw brick and the old steel frame were all that was left.
A much more reserved replacement cornice was fabricated which brings the Merchants' Building back--almost--to its 1908 appearance.
photograph by Phyllis Winchester
non-credited photographs by the author many thanks to reader Phyllis Winchester for prompting this post
Source: http://daytoninmanhattan.blogspot.com/2019/01/the-1908-merchants-building-693-697.html
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I think Harry as the anti Z will be a big part of his promo. Its there already in AM, 'I have no regrets or complaints', 'our amazing team'.As in I'M not ungrateful, like Z! Which is soo snakey. 1. Because he knows right well the larrie narrative of awful mgt but left all the denials on the others, so theyd take the flack while he could be painted as a suffering martyr by carrying around trinkets or wearing a gd bandana. 2. It should be plain to anyone their wonderful team, with....p2
2. Zionists Winston and Cowell, were never ever going to promo Z as they did H. Making him always shave his beard for the US, erasing his own father, (the only DILF on the scene lol? Because god forbid the world get to know a nice Muslim family as actual human beings? I'td make it so much more awkward to bomb them/profile them indiscriminately :/âŚp3
P3. Anyway as soon as H started that âIm the whitest purest not-Zayn in the world schtick Ive been thinking the about Azoffs have been âadvisingâ 1D mgt for far longer than we think. Because one of the ways band they were heavily marketed to the US was as the anti-Biebers. The politest sweetest whitest angels vs that Usher managed rnb loving brat. ( Hence the extreme bleaching of Zs identity). Lots of Hs promo is subtly aimed at people who r nostalgic for a white past. However to negate thatâŚpââââââââââââââââââââââââââââââ-
ok so i wanna pick up on one specific part of your message here (i didnât get anything beyond part 3 so im not sure if there was more :/) but iâll start by saying that i just flat out agree and retweet everything youâre saying about the way zayn was (terribly) treated [your point about 1d as the anti-biebers is really interesting] and how harry has been positioning himself as the âanti zâ like you said in order to capitalize on the critiques of zayn. i feel like this element of harryâs promo is getting a fair amount of discussion from our side of the fandom so iâll leave it there to allow space to discuss some stuff you mentioned in here that really made think and that i hadnât considered beforeÂ
you referred to the âlarrie narrative of awful managementâ and i think people are REALLY underestimating how much harry has, is and will use this to his advantage. i think this is not just a narrative but an entire mindset about a passive harry, a non-complicit harry. itâs a mindset that has allowed him to be painted as the suffering martyr you mentioned and it is what is facilitating the cognitive dissonance in a lot of fans i think.Â
this is the stuff that (in part) blinds people to the double standards between harry and zayn which harry is then able to leverage to posture as the âanti zâ without getting any critical stick for it. the lack of control and blaming everything on media/management has always placed harry in a more passive position while louis is often viewed as (though still not in control) somehow more âcomplicitâ or âto blameâ or âparticipatoryâ in the denials, the stunting, the everything [this is a conversation for another time but it KILLS me how larries fall into this trap and ridicule louis for his personal life drama (stunt or real is beside the point) while harry gets to play both the mysterious and martyr card a lot]. this passivity and mystery/enigma around the harry-side of larry has allowed for a lot of larrie discourse to just accommodate him in whatever way fits their vision of larry if that makes any senseâŚ
i think those larries are in for a rude awakening as harry becomes increasingly more visible with his solo material and by that i mean: (if i was a bettinâ woman) harry will no longer play the passive + mysterious role he has re: larry for all these years and will start talking about being single, his past public relationships (taylor swift), etc. shit he might even fucking deny larry straight up or have all kinds of lady lyrics who knows. obviously this is speculation on my part BUT i feel like im basing this off the early doors stuff weâre already seeing (the mtv snapchat story has a âharry on why heâs singleâ cover, a few quotes from his interviews have already come out, etc.)
and when/if harry starts doing that kind of het image, active larry-denial (in word and in deed, i.e. getting a girlfriend) that louis/@louis has been doing for YEARS i want to see how larries will handle it and how they will incorporate it into their understanding of harry. will that be the final straw that makes them see the hard truth about harry? i think itâs going to be tough for them to realize that harry hasnât just being leveraging zayn/zayn leaving for his own benefit heâs been leveraging larry, larries and the benefit-of-the-doubt they give him. but those ties are going to have to get cut when he starts trying to maintain his solo fame with the exact same tactics taylor swift uses
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4 Omnichannel Examples in Retail
How to win in an omnichannel world. Smart retailers know that consumers expect omnichannel experiences. Even smarter retailers understand that the omnichannel goal posts continue to move. Retailers must balance business objectives with the flexibility to adapt to new customer expectations and industry trends. Here are the key trends that define omnichannel experiences today and in the near future.
A few years ago, an omnichannel experience meant displaying the same deal across a brandâs website, app, and store and allowing customers to access their shopping cart through different channels and devices. Â
But thatâs no longer enough, says Liz Miller, SVP of marketing at the CMO Council. âThe cornerstone of a true omnichannel experience is not a wholly connected customer journey that doesnât differentiate between devicesâitâs actually looking at how the consumer is using each device across touchpoints and delivering a relevant experience in the channel the customer chooses.â
Miller points to the Gapâs reserve-in-store option as an example of a brand aligning itself with customer behavior across channels. The Gap, Banana Republic, and Athleta allow shoppers to reserve up to five items online that they can try on in a nearby store before purchasing. Nordstrom offers a similar service at its stores as well.
This approach plays to the combined strengths of each channel. Customers can shop online at their convenience, they donât have to rummage through clothing racks, and they can be sure that the item is the correct size by trying it on.
Whatâs more, an SVP of stores and operations for Banana Republic told Forbes that customers are often âinspired by other items once theyâre in our stores, and end up walking out with entire outfits based on the initial item they reserved.â
Delivering a connected consumer experience requires collaboration and synchronization across multiple fronts. Marketers, Miller notes, must âbe in tune with in-store operations, supply chains, and have the technology to tie all the customer data points together.â What's Next
Fulfillment capabilities such as allowing customers to shop online and try on/pickup items in stores is quickly becoming table stakes. To stay ahead, retailers must upgrade their omnichannel capabilities to include the entire customer journey, Miller adds.
Forrester Research also observed this trend. âRetailers are developing omnichannel capabilities that extend far beyond fulfillment, spanning customer acquisition and engagement, inventory and order management, merchandising, and customer service,â writes Forrester Analyst Michelle Beeson. Â âA truly omnichannel operation that spans the customer life cycle will optimize revenue, deliver capital efficiencies like cost savings, spawn operational efficiencies, and improve the customer experience overall.â
Here are four areas where retailers are expanding and enhancing their omnichannel capabilities:
Inventory visibility Instead of managing inventory by separate channels or stores, retailers are increasingly managing their inventory at an enterprise level to improve sales, slash waste, and move merchandise more efficiently and faster. Indeed, an eye-popping 98 percent of retailers cite inventory management across the enterprise as a âvery importantâ capability driven by the IoT, reports RSR Research. Â
Insights-driven product planning Retailers are keen to tap data about product returns, purchase patterns, and customer complaints for product and customer insights. The CMO Council reports that 36 percent of marketers point to smarter uses of customer data and shopper intelligence to differentiate their brand, but only 27 percent described their ability to source those insights as a key benefit, suggesting that many brands still lack the ability to reap the full benefits of their data.
Enhanced Marketplaces While Amazon still controls the lionâs share of marketplace sales, Walmart and eBay are looking to capture greater portions with investments in personalized tools and rich content. EBayâs Image Search and Find it on eBay let shoppers use pictures instead of words to search for items on the mobile app. And Walmart unveiled plans for a new delivery service that will let customers order goods online via text message for same day delivery. Its online marketplace also includes a growing stable of retail partners such as Lord & Taylor.
AI-powered customer service In addition to chatbots supporting associates in the background by serving up relevant information or handling simple customer requests, Google Duplex hints at the next level of an omnichannel service in which a virtual assistant can communicate with others on our behalf.
Not too long ago, the ability to order items online and pick them up in stores was an innovative omnichannel experience. But as customers come to expect that service, retailers must find new ways to differentiate their brand.
The key, Miller says, is to tailor the experience to the customerâs needs. âOn omnichannel experience doesnât mean trying to be everywhere with the same content all the time,â she says. âIt means being relevant where your customer says relevance exists.â
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DealBook: A Presidential Pardon for the âJunk Bond Kingâ
Good morning. Mike Bloomberg will appear onstage for the first time at a Democratic debate tonight, and Senator Elizabeth Warren is ready: âPrimary voters curious about how each candidate will take on Donald Trump can get a live demonstration of how we each take on an egomaniac billionaire,â she tweeted. (Was this email forwarded to you? Sign up here.)
Inside Michael Milkenâs pardon
A reprieve for the âjunk bond kingâ: Mr. Milken was among the âwhoâs who of white-collar criminalsâ pardoned by President Trump yesterday. In a statement, the White House called him âone of Americaâs greatest financiersâ whose âinnovative work greatly expanded access to capital for emerging companies.â
A long lobbying effort on behalf of Mr. Milken finally overturned his 1990 securities fraud conviction, for which he served 22 months in prison. (Read the judgeâs explanation of the sentencing at the time.) The White House published a list of 33 high-profile names who supported Mr. Milkenâs cause, including: Tom Barrack of Colony Capital; the Fox Business anchor Maria Bartiromo; Rudy Giuliani, who led the case against Mr. Milken in the 1980s; Robert Kraft, the New England Patriots owner; the media mogul Rupert Murdoch; Sean Parker, the Napster founder and former Facebook executive; the hedge fund billionaire John Paulson; the activist investor Nelson Peltz; and David Rubenstein of the Carlyle Group.
The NYTâs Jim Stewart wrote the book on Mr. Milken: His 1992 âDen of Thievesâ chronicled the financierâs exploits at Drexel Burnham Lambert during the height of the âgreed is goodâ 1980s. âItâs not hard to fathom why Mr. Milkenâs saga would resonate with Mr. Trump,â Jim wrote yesterday in his analysis of the pardon. An excerpt:
Seen as an underdog, even a very wealthy and well-connected one, Mr. Milken has long inspired a counternarrative that he was a victim of a media and Wall Street establishment jealous of his wealth and success. However unfounded in fact, that version of reality has now gotten a presidential stamp of approval.
What next? Mr. Milkenâs conviction came with a lifetime ban from the securities industry, although he paid $47 million in 1998 to settle a complaint from the S.E.C. that he had violated the order by advising friends, including Mr. Murdoch, on transactions. Could he now be tempted to get back into finance? âToday, that is the farthest thing from his mind,â Geoffrey Moore, Milkenâs senior adviser, tells us. âHeâs fully dedicated to continuing his lifelong crusade to cure cancer and other life-threatening diseases.â
Speaking of junk bonds, a new O.E.C.D. report sounds the alarm about a growing mountain of low-quality debt being issued by companies around the world. Noninvestment grade issues account for around a fifth of all corporate bonds issued over the past 10 years, the longest period that junk debt has been so prevalent since Mr. Milkenâs 1980âs heyday, the O.E.C.D. notes. That suggests âdefault rates in a future downturn will likely be higher than in previous credit cycles.â
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Todayâs DealBook Briefing was written by Andrew Ross Sorkin in New York and Michael J. de la Merced and Jason Karaian in London.
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Bloomberg would sell Bloomberg if he won. But to whom?
Mike Bloomberg caught the attention of many on Wall Street yesterday when he proposed policies to rein in the financial industry. Then he made more waves when his campaign said he would sell his financial empire if he became president.
Bloomberg L.P. could be valued at up to $60 billion, according to analysts at Burton-Taylor International. Campaign officials said Mr. Bloomberg would put the company into a blind trust should he win, with the intent of selling it.
The company is best-known for selling terminals that serve up reams of financial data to banks and trading firms around the world, for the nonnegotiable price of $24,000 per seat. Burton-Taylor estimates that the company brought in $10.5 billion in revenue last year. (Bloombergâs news business accounts for a tiny fraction of its revenue.)
Who would want Bloomberg L.P.?
⢠Data-hungry exchanges like the Intercontinental Exchange, which owns the N.Y.S.E. The London Stock Exchange bought Refinitiv, a Bloomberg competitor, last year.
⢠Banks like Goldman Sachs and JPMorgan Chase, which have invested in Symphony, a rival to Bloombergâs chat service.
⢠A cash-rich tech giant like Google or Microsoft.
Our colleague Ed Lee has thoughts on a potential sale:
Bloomberg L.P. generates $10 billion in sales a year, with around $4 billion coming in profit before taxes (and other items). Put it another way: Mr. Bloomberg is used to seeing several billion dollars of cash roll into his personal bank account every year, and even if an all-cash payout incurred a huge capital gains tax, heâs used to it.
Of course, there are good strategic buyers that could offer cash and stock. Microsoft, Google and Amazon â businesses that, like Bloomberg, deal in data and messaging â make sense. But Mr. Bloomberg will be calculating the following trade: giving up a very rich, regular cash dividend for stock in a company he doesnât control that could go down in price.
Some have suggested a lone buyer could emerge, someone like Warren Buffett or Bill Gates who might appreciate the beauty of the business beyond the balance sheet. But that would create a set of optics no one would want: a billionaire helping out another billionaire so he can become president.
SoftBank is raising more cash, again
The Japanese tech conglomerate said this morning that it planned to raise about $4.5 billion. This being SoftBank, however, the way itâs doing so isnât exactly straightforward.
Weâd expect nothing less from a company whose $100 billion Vision Fund relies on a complicated, debt-heavy structure. In its latest maneuver, SoftBank will borrow against some of the holdings in its publicly traded Japanese telecom affiliate rather than just selling new bonds.
SoftBank needs quite a bit of money. Itâs under pressure from Elliott Management, the activist hedge fund, to buy back about $20 billion worth of its shares to bolster its stock price. And it has been spending more of its own money on tech investments as fund-raising for its second Vision Fund proves to be slow going.
The coronavirus spread in China appears to be slowing
Weâve heard that before, but there are some positive signs. âItâs too early to tell if this reported decline will continue,â said the World Health Organizationâs director general. âEvery scenario is still on the table.â
Using bonds to fight the epidemic: At the urging of Beijing, Chinese companies have raised more than $3 billion in âvirus controlâ bonds, reports the FT. The debt benefits from a faster approval process and low yields, since there is strong backing from state-backed buyers. Borrowers are required to devote at least 10 percent of the amounts raised to fighting the epidemic.
A different way to fight sexual harassment
The usual ways of addressing sexual harassment in corporate America arenât working, Gretchen Carlson and Roxanne Petraeus write in Fortune. They suggest another approach: rethinking the use of nondisclosure agreements.
When founders are building out their hiring practices, even at the early stages of their companies, they should understand what N.D.A.s are in their employment contracts, and consider the impacts on their colleagues, should those N.D.A.s be applied to sexual harassment cases. Investors should also be asking these questions to their portfolio companies.
Similarly, leaders of more mature companies have a real platform: They can publicly denounce the use of N.D.A.s in sexual harassment cases to set new standards when it comes to what is considered common practice in dealing with sexual harassment.
The speed read
Deals
⢠Franklin Resources agreed to buy a fellow asset management firm, Legg Mason, for $4.5 billion. (WSJ)
⢠The Italian bank Intesa Sanpaolo has bid $5.3 billion to take over a rival, UBI Banca. (Bloomberg)
⢠LendingClub is the first fintech company to buy a real-world bank with its $185 million deal for Radius Bancorp. (CNBC)
⢠Blue Apron, which went public at a $2 billion valuation in 2017, is now considering selling itself, at a time when its market value has fallen to $57 million. (WSJ)
Politics and policy
⢠Attorney General Bill Barr reportedly considered quitting over President Trumpâs tweets about Justice Department investigations. (WaPo)
⢠A middle-class U.S. tax increase is inevitable sometime this decade. (Fortune)
⢠Britain outlined its plans to restrict immigration for low-skilled workers now that it has left the E.U. (Politico)
⢠Diseases like Covid-19 are deadlier in non-democracies. (The Economist)
Tech
⢠A federal judge rejected Huaweiâs challenge to U.S. restrictions on working with government agencies. (Reuters)
⢠Employees of Kickstarter voted to unionize. (NYT)
⢠Alphabet is shutting down a moonshot project to harvest wind energy using kites. (Bloomberg)
⢠The I.R.S. accused Facebook of âdownplayingâ the value of its intellectual property to pay less in taxes. (FT)
Best of the rest
⢠JPMorgan Chase reshuffled the leadership of its investment bank, including creating a new committee of dedicated senior deal makers. (Reuters)
⢠Boeing is checking 400 grounded but undelivered 737 Max jets for debris â like tools and rags â left in fuel tanks. (Bloomberg)
⢠Why open-office plans are terrible: They make spaces like âphone boothsâ and âmeeting podsâ necessary. (NYT)
Thanks for reading! Weâll see you tomorrow.
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U.S. hotels arm staff with panic buttons, after years of resistance
(Reuters) â Major hotel chains including Marriott International Inc and Hilton Worldwide Holdings Inc said on Thursday they are arming U.S. employees with panic buttons to fight sexual harassment and crime, an about-face for an industry that has opposed the idea for years.
FILE PHOTO: A Marriott flag hangs at the entrance of the New York Marriott Downtown hotel in Manhattan, New York November 16, 2015. REUTERS/Andrew Kelly
Workers in the hotel industry are frequent targets of sexual harassment as they are often alone with guests in their rooms. Unions and other advocates have increased pressure on hotels to provide the devices over the last year in the wake of the #MeToo social media movement and the Oct. 1 Las Vegas shooting, where the gunman opened fire from his hotel window.
âProtecting our employees and the millions of guests who stay in our hotels each day is of paramount importance to the industry,â Katherine Lugar, president and chief executive of the American Hotel and Lodging Association, told reporters at an industry event in Washington.
The devices would likely cost hundreds of thousands of dollars and affect tens of thousands of workers in a rollout expected to occur over the next few years, she said.
Executives at Marriott and Hilton pledged to roll out the devices to employees across all of their U.S. hotels by 2020.
Executives from InterContinental Hotels Group Plc, and Wyndham Hotels & Resorts Inc said they are working on plans to roll out the devices to their owned and managed hotels over the next two years, and are working on guidelines for franchise owners. Hyatt Hotels Corp said it has the devices at 120 Hyatt hotels in North and South America and plans to make them standard across all managed and franchised hotels.
Brands for those five companies comprise 45 percent of all hotel rooms in the United States, according to STR Inc, which tracks the hotel industry.
The hotel and restaurant industry accounted for more than 14 percent of sexual harassment complaints filed with the U.S. Equal Employment Opportunity Commission between 2005 and 2015, the highest of any industry, according to an analysis last year by the left-leaning Center for American Progress.
Earlier this year, a group of female Marriott workers demanded at the companyâs annual meeting better protection from sexual harassment, including panic buttons.
D. Taylor, president of hospitality workersâ union Unite Here, which has spearheaded many of the efforts on panic buttons, praised what he called âa long overdue first stepâ by the hotel industry.
He added that he hopes the industry will invest in the proper technology to ensure workersâ safety.
âYou have to invest not just in words, but in capital, to make sure your workforce is safe,â Taylor said.
Hospitality workersâ unions have succeeded in requiring the devices in a handful of U.S. cities in recent years, including Washington, D.C., Seattle, Chicago, Las Vegas and Miami Beach, Florida.
Unionized hotel workers in New York City have had similar devices since 2012, in the wake of a hotel housekeeperâs charge that she was sexually assaulted by former IMF chief Dominique Strauss-Kahn in a New York hotel in 2011.
Dallamy Santos has worked for nearly two decades as a housekeeper and porter at a Las Vegas casino resort.
A few years ago she was cleaning a male guestâs room when he offered her money for sex, she said. On another occasion a male guest left a pornographic film on the TV and made her feel uncomfortable. In both cases she said she ran out of the room, not knowing what else to do.
âIn those moments you donât feel safe; you donât see that person any more as a guest,â Santos said. âYou donât want to have to worry about where youâre going to get the help.â
Marriottâs Chief Executive Arne Sorenson at Thursdayâs event held up a device that resembled a thin black box with a red button. He said it usually includes a GPS system to signal security or hotel management. Others at the event said there were options for the devices to sound a loud noise.
A 2016 survey of nearly 500 Chicago-area female hospitality workers found that 58 percent in the hotel industry and 77 percent in the casino industry had experienced sexual harassment by guests, according to the study by industry union Unite Here. Common complaints included guests exposing themselves to housekeepers or cornering them in the room.
Reporting by Makini Brice in Washington and Chris Kirkham in Los Angeles; Editing by Lisa Shumaker
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