Latest news with #Lewinsohn
Yahoo
28-05-2025
- Business
- Yahoo
NYC Councilman Chris Marte caught on video in suspected removal of opponent campaign flyer
Manhattan Councilman Chris Marte was caught on video earlier this month removing a palm-sized card from a Lower East Side apartment complex — and a resident as well as a political consultant believe the piece of paper Marte picked up was a campaign pamphlet advertising one of his primary challengers. The Ring camera video, provided to the Daily News by a resident of the 265-275 Cherry St. complex, is from the evening of May 7. It shows Marte walking in a hallway in the building holding a stack of his campaign mailers in one hand before kneeling down and using his other hand to pick up a card left by the front door of an apartment. He can then be seen stuffing that card into a bag slung over his shoulder before continuing into a stairwell. Christian Gil, the resident whose Ring camera captured Marte in front of her neighbor's door, told The News the card he picked up was likely a pamphlet for Elizabeth Lewinsohn, one of the candidates challenging him in the June 24 Democratic primary for his Council seat. Gil said she saw the Lewinsohn pamphlet at her neighbor's door just a couple hours before Marte showed up. She also said she reviewed the relevant two hours of footage before Marte showed up and told The News no one else appeared in that span. After reviewing the footage, political consultant and Lewinsohn campaign manager David Quesada said he also believed the card Marte removed was a Lewinsohn mailer headed with the phrase 'Leadership That Gets Result.' Quesada said he recognized the font on the card displayed in the video as being the same printed on the campaign's mailers. Lewinsohn's campaign had distributed those mailers in that building earlier in the day on May 7. 'If he's going around doing shady s–t like this, he does not have my support,' said Gil, who voted for Marte during his first Council campaign in 2021. The News tried multiple times this month to reach Marte and his campaign for comment, but they didn't respond to calls and texts. Quesada called Marte's actions 'disheartening.' 'But it's not surprising,' he added. 'A growing number of his former endorsers, such as the teachers' union, are now supporting Lizzie's surging campaign. We all cope differently.' Marte's facing several other challengers besides Lewinsohn in June's primary, including Jess Coleman, a Manhattan attorney and community board member. Marte's district includes Chinatown and parts of the Lower East Side. During his time as a Council member, Marte has faced some pushback internally for opposing affordable housing construction, including by aligning himself with a group of celebrities seeking to block the long-delayed redevelopment of Manhattan's Elizabeth St. Garden.
Yahoo
06-03-2025
- Business
- Yahoo
X Lender Diameter Says Platform More Profitable Than Market Saw
(Bloomberg) -- The cofounder of Diameter Capital Partners, one the first firms to snap up debt tied to Elon Musk's buyout of X, says that the social media company was more profitable than the market was accounting for. How Upzoning in Cambridge Broke the YIMBY Mold Remembering the Landscape Architect Who Embraced the City NYC's Finances Are Sinking With Gauge Falling to 11-Year Low US Tent Facility is Holding Migrant Families Longer Than Recommended Republican Mayor Braces for Tariffs: 'We Didn't Budget for This' 'We've been outside-in, tracking ad data and other things from third-party sources to develop our own view of what revenue was likely at the business,' said Diameter's Jonathan Lewinsohn in an interview from the sidelines of the Bloomberg Invest conference in New York. 'We had a sense that the profitability might be better than what people think.' Diameter and Darsana Capital Partners were two firms that bought the first offering of $1 billion of debt from X. While Lewinsohn's alternative investment firm was able to buy the debt early at a discount, it wasn't as steep as some hoped for, he said. He added that the outlook for the Musk-owned company picked up after the election, following advertisers' return to the site and signals from other social media companies. He pointed to Facebook parent Meta Platforms Inc., which has taken its cues from X's strategies for content moderation, choosing to provide warnings instead of censoring and ending third-party fact checking in the US. The term loan debt for X's leveraged buyout traded at 99.56 on the dollar on Tuesday, according to Bloomberg-compiled data. The inclusion of xAI — Musk's artificial intelligence startup — was an important part of the deal for Diameter. 'We're credit guys,' Lewinsohn said, 'we get excited when they put in a shiny asset like xAI.' The cost-cutting tactics of the world's richest man bolstered Diameter's initial investment thesis in X. Those strategies are now coming in to play with Musk's undertakings as the head of the Department of Government Efficiency, better known as DOGE. 'I would never assume that X has anything to do with the federal government, but you are seeing a similar approach to come in, really cut things, maybe ask questions later, maybe be a little over-broad but try to send the message of 'nothing is sacred,'' said Lewinsohn. However, he cautioned that some of the policy waves made by the administration haven't yet reached the private markets on a numbers basis, although both AI and DOGE effects have already led to repricing in the public markets. 'It's a difficult time to figure out what's going to stick, but looking to public market signals is very helpful in private underwriting,' said Lewinsohn. --With assistance from Katie Greifeld and Sonali Basak. Rich People Are Firing a Cash Cannon at the US Economy—But at What Cost? The Mysterious Billionaire Behind the World's Most Popular Vapes Snack Makers Are Removing Fake Colors From Processed Foods Trump's SALT Tax Promise Hinges on an Obscure Loophole The US Is Withdrawing From Global Health at a Dangerous Time ©2025 Bloomberg L.P.
