[Accounting firm Mazars USA, on Monday February 14,] informed the Trump Organization in a letter that it was cutting ties, noting that the financial statements it had prepared with information provided by the company between mid-2011 and June 2020 “should no longer be relied upon.”[Source: Huffington Post]
The mockery is well deserved. But, first, a bit of history:
BITEME.ME, RawStory, and ABC News were all over this nearly five freaking years ago, yet it took Mazars until February of 2022 to get the memo. Could this scandal precipitate the death of Mazars like the Enron scandal did to Arthur Andersen two decades ago? Only time will tell.
The Bitemaster winters in the breathtakingly beautiful Transbaikal where it’s so cold that the politicians keep their hands in the own pockets, where we have to light a fire to thaw out our words just to know what we’re saying, where we measure the ambient temperature in degrees Rankine because it feels warmer (today, it’s 450 degrees Rankine outside).
Though we’re a bit isolated, we do manage to keep up with the news from North America on our short wave radio, thanks to late-night “skip” propagation.
One figure who’s been in the news a lot lately is New York City mayor Bill de Blasio. He’s now in his second term. and here’s how we think he’s been doing:
- Affordable Housing — this was always a scam. It wasn’t going to happen and it will never happen, unless we repeal the fundamental laws of economics. And de Blasio is smart enough to know he was lying when he made his campaign promises.
- New York City Housing Authority (NYCHA) — NYCHA houses 400,000 people in 300 developments. The housing stock is aging, and the money from the state and federal governments is drying up. It’s not going to get any better in the near future no matter what de Blasio does.
- Rikers Island — the Rikers Island jail has an average population of 10,000 inmates. Current plans call for the jail to be closed and the inmates to be housed “in the community.” The idea of closing Rikers is a complete scam. Nobody wants a bunch of prisoners moved from an isolated island to their block. Even if it were to happen, what will they do with the island? It will probably go to Trump for $1.
- Administration for Children’s Services (ACS) — If ACS takes too many children away from their parents, there’s a hue-and-cry in the media. If they let too many die at home with their parents, there’s also a hue-and-cry. It’s a perpetual “can’t win” and it doesn’t matter how much money you spend, either.
- Education — every administration claims to have “fixed” the city’s education system but none has succeeded. The problem is not money — the city spends plenty. The problem is that the city has no coherent education policy. Biteme has attempted to fill the void here and elsewhere on this blog.
- Police — the citizens want to be safe on the streets but don’t want to be harassed (or worse) by the police. It’s a difficult balancing act and I’m not sure any other city has done better.
So how does de Blasio’s report card look? We grade on a pass-fail system and give him a “pass.”
It’s no secret that the Bitemaster loathes Airbnb. The latest news on these corporate scum involves their tax avoidance. They’re not alone, of course: All the big guys, like Amazon and Wal-Mart do much the same thing.
Source: Airbnb faces EU clampdown for not paying ‘fair share’ of tax | Business | The Guardian
A first-of-its-kind analysis shows just how tactical the real-estate industry is about bankrolling state legislators who will protect its $1.4 billion tax break and weaken rent laws.
‘Way too many facts for the Bitemaster to plow through but the executive summary is: you’re being screwed by the landlords and developers. Happy New Year!
Source: Why Developers of Manhattan Luxury Towers Give Millions to Upstate Candidates – ProPublica
Hat tip to Jay Korman
Millionaire businessman-sportsman Thomas Crown explains how the Trump campaign looks just like a project promoted by a dodgy real estate developer. It makes a great read: Trump’s Entire Campaign is a Failed Real Estate Investment (with tweets) · TCrown · Storify
Hat-tip to Brad Reed at RawStory.
Last year, Bloomberg promised to replace the overpaid hacks on the NYCHA board. Well, he’s finally gotten around to it, but not before giving Margarita Lopez a new job at the same agency. Clearly, Bloomberg’s political pets get parked at the Housing Authority.
New Housing Authority Board Picked by Bloomberg » The Epoch Times.
Daily News columnist Juan Gonzalez explains how NYC is giving away land to Fred Wilpon, owner of the Mets: “ONLY in Michael Bloomberg’s New York are we asked to believe that giving away huge swaths of city-owned land to millionaires is a wonderful deal.”
via News Columnists – Homepage – NY Daily News.