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Politics

Can Biden Keep on the Sidelines of the Andrew Cuomo Saga?

So far, President Biden has only made a brief comment on the crises that have gripped Governor Andrew M. Cuomo, and he seems to be hoping he won’t be dragged further into it.

But as a longtime friend of the New York governor, Mr. Biden is one of the few people in the nation who has the potential to prevent a protracted stalemate between an increasingly isolated Mr. Cuomo and the rest of the Democratic Party. This has weighed on Mr. Biden’s efforts to stay firmly on the sidelines as the governor faces a plethora of calls for resignation.

Mr. Cuomo faces a number of allegations and investigations into sexual harassment, a toxic workplace, manipulation of the death toll in New York nursing homes, and perceived loyalty tests by the governor’s vaccine tsar.

Mr. Biden and Mr. Cuomo didn’t speak, said people close to the two men. When asked on Sunday evening whether Mr Cuomo should resign, Mr Biden simply said, “I think the investigation is ongoing and we should see what it brings us.”

The governor and his allies have urged people to wait for the results of the investigation to buy time in hopes of stabilizing Mr Cuomo’s support. And Mr. Biden seems inclined to give him that time – at least for now.

But a long period of internal party sparring about Mr Cuomo’s future could be problematic for Mr Biden. It threatens to detract from his early initiatives, including mass vaccination efforts and his party’s need to sell to the public through the nearly $ 2 trillion stimulus package Mr Biden put into law last week.

The New York Times and Washington Post reported over the weekend that Larry Schwartz, the governor’s vaccine czar and longtime lieutenant, tried to assess the loyalty of county executives to Mr. Cuomo when making phone calls about vaccine distribution – which caught the attention of the county Whites attracted home on Monday.

Jen Psaki, White House press secretary, said the reports were “worrying” and that Mr. Schwartz’s calls were “inappropriate reported conduct”.

The calls prompted an executive to file a preliminary complaint with the Public Integrity Office of the Attorney General’s Office. Mr Schwartz denied discussing vaccines in a political context.

Ms. Psaki insisted that the system run “checks” to prevent the vaccine from being distributed based on his preference.

On Tuesday, the White House will hold its weekly coronavirus call to the National Governors Association, which Mr. Cuomo normally heads as the group’s chairman. Ms. Psaki said she expected Mr. Cuomo to join the call, adding, “We’ll leave that up to him.”

New York Senators, Chuck Schumer and Kirsten Gillibrand, called on Mr. Cuomo last Friday to resign along with most of the state’s Democratic Congress delegations. One factor in the timing of members of Congress, who made their announcements in quick succession, was a desire not to overshadow Mr Biden’s signing of the pandemic relief package, according to those involved in the discussions.

Mr. Cuomo was surprised at what Ms. Gillibrand and Mr. Schumer said; He had believed earlier that day that they would not join the calls against him, someone familiar with his thinking.

Even so, the governor flatly refused to consider resigning while questioning the motives of the women who accused him of sexual harassment and invoking “cancel culture,” a popular Republican topic of conversation when he met on Friday deepened.

“There is a job to be done and the New Yorkers have elected the governor to do it,” Richard Azzopardi, a senior adviser to Mr. Cuomo, said Monday. “He remains focused on vaccine distribution and a state budget due in two weeks, and we are grateful for the help the White House has provided on both fronts.”

During the presidential campaign, Mr Biden successfully avoided getting involved in controversies that were not directly related to him. But the bullying behavior that Mr Cuomo has been accused of is contrary to the standard that Mr Biden has set for his own White House.

There are two inquiries into the sexual harassment allegations against Mr Cuomo, one by the Attorney General and one by the State Assembly.

Mr Biden and Mr Cuomo went different ways when charged with improper conduct. When Mr Biden was charged with sexual assault in 2020 by a woman who had worked in his Senate office decades earlier, he denied her allegation but did not deny her motives. Mr Cuomo has questioned the motives of some of his accusers.

A senior administration official said Mr Biden’s desire to stay away was partly due to his personal relationship with Mr Cuomo and partly due to pragmatism.

Should he at some point be drawn into the matter, Mr Biden’s options range from encouraging Mr Cuomo to step down to asking not to run for office again in 2022, as the governor has indicated he still intends to do.

“Biden has a long friendship with Cuomo, and I think he and [Nancy] Pelosi and others clearly hope that this investigative process will resolve the situation on its own and they are giving him so much leash, but how tenable that will be over time is very questionable, ”said David Axelrod, former senior advisor to President Barack Obama.

While it would be an extraordinary move for Mr Biden to step in, there is a precedent for a Democratic president to get into a chaotic situation involving a New York governor of his own party. In 2009, Mr. Obama sent the then administration a message through intermediaries. David Paterson that he did not want him to run for another term the following year.

Mr. Paterson, embroiled in constant controversy, had become an undesirable distraction for the Obama administration; He soon announced that he would no longer run and paved the way for Mr. Cuomo for 2010.

There was one significant difference, however, between Mr Paterson and Mr Cuomo: Mr Paterson’s polling numbers were dismal, with a 21 percent approval rating in June 2009, threatening Democratic influence over a seat that a Republican, George Pataki, held three terms to 2006.

Mr Cuomo has much stronger support from his electorate. A new poll at Siena College on Monday found that only 35 percent of New York voters want an immediate resignation from Mr Cuomo (and only 25 percent of Democrats), although the poll was largely conducted before the wave of congressional demands for his exit .

Understand the scandals that challenge Governor Cuomo’s leadership

The three-time governor faces two crises at the same time:

Still, support for Mr Cuomo has waned significantly with the highs of his coronavirus press conferences in the spring of 2020 – when he hit 71 percent approval – and even from February when his approval of all voters was 56 percent in a Siena College poll .

His current approval rate of 43 percent is lower than his disapproval rate of 45 percent. However, his support is still high among the Democrats: 59 percent and 61 percent among the black voters.

A majority of state legislators – and more than 40 percent of Albany’s democratic legislators – have already called for Mr. Cuomo’s resignation. The State Assembly has launched an impeachment investigation, and alongside Mr. Biden, the politician with the greatest control over the fate of Mr. Cuomo is the assembly spokesman, Carl E. Heastie, who will decide if and when to proceed.

Charging and removing a governor is a serious endeavor, and Mr Cuomo can hope that it is too big a leap even for those who have signed a letter demanding his resignation.

“He cites the legislature’s bluff on an impeachment vote and recognizes that casting an impeachment vote is a tough vote for many,” said Bakari Sellers, a former South Carolina House member responsible for the impeachment of the then government voted. Mark Sanford in 2009. (Mr. Sanford was eventually censored.)

“The state is about to flush with Covid cash,” Sellers said. “Better days for voters. Wait until you become everyone’s favorite bank. “

Some members of Congress and their aides were deterred by a statement made in defense of Mr. Cuomo by former senior delegation Representative Nita Lowey of Westchester, according to a person familiar with the matter. Members felt that Ms. Lowey was being inappropriately “instrumentalized” as a shield for Mr. Cuomo, the person said, adding that while speaking out last Friday was not the triggering event for other members, it had made an impression .

A member of the Cuomo family had contacted Ms. Lowey, another person familiar with the events, prior to testifying.

“That’s ridiculous,” said Ms. Lowey. “I don’t get used to things like that.” She said she had known the Cuomos for decades as they were neighbors in Queens.

Mr Biden and Mr Cuomo have been relatively close politically in recent years. When Mr Biden was considering a late candidacy for president in 2015, they met in New York. Although Mr. Cuomo officially supported Hillary Clinton at the time, he did not discourage Mr. Biden from running at the White House.

In 2018, when Mr. Cuomo was presented with a major challenge of her own by Cynthia Nixon, the actress and activist, Mr. Biden offered full support to Mr. Cuomo at the New York Democratic Party Congress.

Mr Biden’s preference for Mr Cuomo does not necessarily extend to the staff level. The governor’s sharp-edged political operation has hit many people along the way over the years.

Mr Biden tapped Mr Cuomo for a prime-time speech on the first night of the Democratic Convention last year, at the height of the governor’s popularity. In the opinion of those involved in the process, the organizers of congresses were given little opportunity to revise the address recorded, in which Mr Biden was only mentioned by name towards the end. They said the Cuomo team was one of the toughest companies to work with when planning the entire four day event.

Mr. Cuomo’s political operation also submitted a production bill that far surpassed other similar congressional videos; Congress officials refused to pay the full amount.

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Business

The Week in Enterprise: GameStop’s Weird Saga

Hello everybody. Here’s your breakdown of the top business and tech news to get you ready for the week to come. – Charlotte Cowles

Who could have predicted that struggling video game retailer GameStop would hijack markets and cause Wall Street to collapse? The company’s shares rose a ridiculous 1,700 percent this month, but not because the company did something new or special. Instead, it became the focus of hordes of amateur traders – also known as retail investors – who banded together on Reddit message boards and propelled GameStop’s share price up by buying tons of its stock through apps like Robinhood and E-Trade. They followed similar tactics with outsiders like AMC Entertainment, BlackBerry, and American Airlines, and also increased their share prices. In doing so, they squeezed big Wall Street firms that were betting against the companies, forcing them to suffer huge losses.

GameStop versus Wall Street

Let us understand you

    • Stocks of GameStop, the video game retailer, have risen because amateur investors starting at Reddit have bet heavily on the company’s stock.
    • The wave gained momentum when large hedge funds short-sold GameStop stock – essentially betting against the company’s success.
    • Sudden demand pushed the stock price from less than $ 20 in December to nearly $ 200 on Thursday. At least on paper.
    • It’s not just GameStop. Amateur investors have supported other companies that many large investors have shunned, such as AMC and BlackBerry.
    • This bubble around GameStop can force large investors to raise funds to cover their losses or dump stocks in other companies.

All the bubbles eventually burst, but the question is when. GameStop’s stock began to temporarily dump on Thursday after Robinhood and similar apps restricted trading. The crackdown stabilized the markets but was criticized by lawmakers who accused the apps of targeting Wall Street hedge funds. GameStop’s investors weren’t happy either, and the backlash led Robinhood to reverse its decision and resume “limited” trading a day later. The Takeaway: Now that trading apps allow millions of ordinary people to quickly and easily buy stocks from their living room, this probably won’t be the last time they team up on Wall Street.

The latest report from the Commerce Department confirmed what you probably could have guessed: 2020 set a record for the worst economic decline in the country in a calendar year with at least one measure. The gross domestic product rose by only 1 percent in the last quarter, a significant slowdown compared to the last three months. Economists attributed that to dwindling tax support from the federal government at the end of the year and the recurrence of coronavirus cases during the holidays, which led to more business closings and closings. However, analysts also expect the country’s comeback to be more stable in 2021 as more government incentives are in sight and vaccine distribution is underway.

Better make sure your garage has enough electrical outlets. General Motors has pledged to phase out gas-powered vehicles and switch entirely to zero-tailpipe cars and trucks by 2035. This is part of the company’s plan to become carbon neutral by 2040, one of the most ambitious goals in the auto industry. The move sets a higher standard for other automakers and could encourage the Biden government to push for even more aggressive policies to encourage companies to fight climate change.

Leon Black, the executive director and chairman of Apollo Global Management, one of the world’s largest private equity firms, said he would step down from his leadership role by July after it was revealed he had sold more than $ 150 million to convicted sex offender Jeffrey Epstein have paid. Mr Epstein committed suicide in prison more than a year ago when he was charged with federal sex trafficking. However, many of his former employees continue to be affected by the proximity. An investigation found that Mr. Black’s payments were in compensation for consulting Mr. Epstein. They also explain how Mr Epstein was able to fund at least part of his extravagant lifestyle.

The Big Four tech giants have faced re-examination and legal threats from antitrust watchdogs in recent months. But will this affect their growth? Probably not, but we’ll learn more when Amazon and Alphabet, Google’s parent company, report their latest earnings in the coming week. Facebook earnings rose a whopping 53 percent in the last quarter, despite the company cracking down on a lawsuit filed by the Federal Trade Commission in December (kicking former President Donald J. Trump off the platform and many of his supporters as a result). The new iPhone 12 from Apple led to a sales increase of 21 percent and brought the company for the first time a quarterly sales of over 100 billion US dollars.

President Biden’s election for Secretary of the Treasury, former Federal Reserve Chairwoman Janet Yellen, was confirmed and sworn in. The Walgreens Boots Alliance has named Rosalind Brewer, now Chief Operating Officer at Starbucks, as its next chief executive officer and made her the only black woman currently running a Fortune 500 company. A small painting by Botticelli fetched $ 92.2 million at auction at Sotheby’s, a sign that the world’s richest are still ready to champion the visual arts.

And finally …

Has the pandemic forced any of your favorite local businesses to close? Tell us about it here. We collect stories about special neighborhood businesses that had to close last year and what this loss meant.