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How a top New York mayoral candidate used a charity to boost his profile


POLITICO
Eric Adams spent taxpayer and charity dollars promoting his image and making inroads to key constituencies.
In this Sept. 1, 2020, file photo, Brooklyn Borough President Eric Adams makes an announcement about early voting, in the Brooklyn borough of New York. | Mark Lennihan/AP Photo
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NEW YORK Brooklyn Borough President Eric Adams dipped into municipal coffers in 2016 to buy a pair of banners that spanned the columns outside Borough Hall, bearing the likeness of himself and his deputy.
The enormous tapestries were billed by Adams now a leading candidate in the New York City mayor’s race as a way to showcase the diversity of the borough’s leadership, but the display attracted criticism from good-government groups who said taxpayer money should not be used for self-promotion. ....

New York , United States , Kings County , Coney Island , Brooklyn Borough Hall , Peter Aschkenasy , John Kaehny , Toby Moskovits , Susan Lerner , Wyclef Jean , Toni Goodale , Ryan Lynch , Marty Markowitz , Department Of Education , City Council , Law Department , Brooklyn Fund , Brooklyn Museum , Campaign For One New York , One Brooklyn , Bill De Blasio , One New , Former Brooklyn Borough President Marty Markowitz , Emergency Management , Daily News , Chair Peter Aschkenasy ,

DAILY DOSE: February 24, 2021


DAILY DOSE: February 24, 2021
Posted on 02/24/2021
1. Former U.S. Treasury Secretary Steven Mnuchin is planning to start an investment fund that would focus on financial technology and entertainment. The fund is expected to raise money from a wide range of investors including Gulf-based sovereign wealth funds. Former U.S. Treasury Secretary Timothy Geithner after leaving his post went on to become President of Warburg Pincus. Jack Lew, the last U.S. Treasury Secretary before Mnuchin, went to become a Managing Partner at private equity firm Lindsay Goldberg.
2. On a conference call, Square CEO Jack Dorsey said he will “double down” on commitment to bitcoin. Payments company Square believes cryptocurrency is an instrument of economic empowerment. Square Inc. in total has purchased about 3,318 bitcoin at an aggregate purchase price of US$ 170 million. Bitcoin now represents 5% of Square’s total cash and equivalents. ....

New York , United States , White Plains , Timothy Geithner , Jack Dorsey , Franklin Templeton , Toby Moskovits , Cathie Wood , Warburg Pincus , Jack Lew , Steven Mnuchin , Lindsay Goldberg , Seigel Acquisition , Square Inc , Tesla Inc , Evergreen Gardens Mezz , Williamsburg Hotel In Brooklyn , Macy Inc , Wythe Acquisition , Macerich Co , Richmond City Council , Secretary Steven Mnuchin , Secretary Timothy Geithner , Managing Partner , New Jersey , Ontario Teachers Pension Plan ,