The Port Authority of New York and New Jersey’s failure to agree to a loan guarantee for World Trade Center site developer Larry Silverstein shows agency leaders are wrestling over its direction as they seek to fix the dysfunction exposed by the George Washington Bridge scandal.
Billionaire Bernardo Caprotti, the octogenarian founder of Milan-based Esselunga SpA, Italy’s fourth-largest food retailer, held his first press conference in September 2007. A few days earlier, he had told a local newspaper that, more than 50 years after starting the operation with Nelson A. Rockefeller, he was selling out.
Hassan Durrani, a New Yorker who claimed to be the rightful heir to the throne of Afghanistan as the son of Amanullah Khan, ruler of the nation when it declared independence from the U.K., has died. He was 83 or 84.
When Nelson Rockefeller dropped out of the Republican presidential race in June 1964, Barry Goldwater was left with an apparently insurmountable delegate lead and, almost certainly, the task of defeating incumbent President Lyndon Johnson.
Many people assume there is something sleazy about the business of finance, or the people who practice it. This impression is probably behind the commonly voiced opinion that it is a shame so many young people today are going into finance-related occupations, when they could be doing something more high- minded in other fields.
When New York Democrat Charles Rangel first ran for U.S. Congress in 1970, he was so friendly with Nelson Rockefeller that the Republican governor wished him happy birthday, handed him a map and a pencil, and told him to draw his own district.
Three weeks into the bankruptcy of New York City Opera, there’s discussion in opera circles about how to reconstitute it under a different management to provide the country’s most populous city with an alternative to the Metropolitan Opera.