New York Film Fest: Weekend Highlighted By ‘llewyn Davis’ Premiere, Star-studded Charity Concert
But, she added, “if true, it is very disappointing that the New York attorney general continues to pursue his course, given our commitment to the terms of the National Mortgage Settlement and ongoing engagement. (Read More: Stocks are about to plunge, Wells Fargo strategist warns ) “Wells Fargo has been a leader in preventing foreclosures, helping families maintain homeownership with more than 880,000 modifications nationwide and 26,000 in New York over the last four years,” she said. The New York attorney general, Eric T. Schneiderman, sent a previous warning shot to Bank of America and Wells Fargo, announcing in May that he had found that both banks violated the terms of the mortgage settlement. That announcement prompted negotiations between the New York prosecutor’s office and the two banks. The outcomes for the lenders are starkly different. While Wells Fargo is bracing for a lawsuit, Bank of America is poised to announce a series of additional protections that it has adopted after discussions with Mr. Schneiderman’s office. Those additional protections including an agreement to designate a “high-level” employee dedicated to fielding and responding to questions from housing counselors appear to have won the bank a reprieve from a lawsuit. “We are pleased to resolve these matters without litigation,” said a spokesman for Bank of America, Dan B. Frahm. “Along with the settlement monitoring committee, we continue to improve the experience for eligible customers and groups that represent them.” Wells Fargo is also working with the monitor on additional consumer protections. More state attorneys general may follow Mr. Schneiderman’s lead. The Massachusetts attorney general, Martha Coakley, has also sent a letter to Joseph A.
Law enforcement sources told the New York Post Tuesday that the bikers were trying to slow Lien down so they could get in front of him and take over the West Side Highway. Some bikers had already blocked off a few of the highway’s entrances to prevent drivers from entering, the sources said. Liens first encounter with the bikers shows a group of them taking off their helmets and denting the side of Liens SUV, Police Commissioner Ray Kelly told The Post. A few other riders slashed the tires. Lien apparently panicked and stepped on the gas. He was surrounded at the time and slammed into a few of the riders, the report said. Some bikers stayed behind to tend to their fallen comrades, but others chased Liens SUV. He feared for his life and the lives of his wife and daughter, a police source told The Post. The bikers, about 30 or so, chased Lien more than 50 blocks on the West Side Highway, which was recorded on a 6-plus-minute video later posted on YouTube. Lien, however, was driving with damaged tires and was forced to turn off at W. 178th St. in Washington Heights, where the assault occurred, the report said.
our editor recommends New York Film Fest: New Chief Explains 2013 Picks (Q&A) Llewyn Davis had its world premiere at May’s Cannes Film Festival, where it was awarded the Grand Prix. It then resurfaced earlier this month at the Telluride Film Festival, where the Coens and executive music producer T-Bone Burnett — with whom they teamed on The Big Lebowski (1998), O Brother, Where Art Thou? (2000), The Ladykillers (2004) and now this film — received a special tribute. And, on Saturday evening, it arrived in Gotham, with almost all of the creative team responsible for it on hand to take a pre-screening bow: the Coens were joined by Burnett, associate produer/singer Marcus Mumford and stars Oscar Isaac, Carey Mulligan, John Goodman, Garrett Hedlund, F. Murray Abraham, Adam Driver and Alex Karpovsky, among others. (Justin Timberlake was unable to attend as he is on tour in London.) At the end of the film, the tough New York audience offered it a strong round of applause. PHOTOS: New York Film Festival 2013: 13 Movies to Know But the major fireworks were saved for Sunday evening’s sold-out concert, a portion of the proceeds from which will benefit the National Recording Preservation Foundation. I’m told that the idea for it was initially raised by Burnett and the Coens — who previously put together a concert tour for O Brother — and that it was then quickly coordinated by the film’s super-producer Scott Rudin, CBS Films co-president Terry Press, CBS president and CEO Leslie Moonves and Showtime chairman and CEO Matt Blank. Regardless, it’s hard to imagine that any other “pseudo-event” could have done a better job at raising awareness of and sparking excitement about the upcoming film than this event, which sold out the 1,500-seat Town Hall venue in less than 12 minutes. (Among those in attendance were Zooey Deschanel, Jesse Eisenberg, John Gallagher, Jr., Bennett Miller, D.A. Pennebaker, Paul Rudd and Edgar Wright.) The three-and-a-half hour event, which was essentially emceed by a wise-cracking Goodman, featured performances of original songs that are heard in the film and of other tunes from the early sixties that inspired them, performed in an order that reflected the evolution of the folk genre. It boasted an eclectic but first-rate lineup of musical talents, ranging from sixties music icon Joan Baez to seventies music icon Patti Smith to “Justin Timberlake’s understudy” Elvis Costello to numerous singing sensations of today, including Mumford, The Avett Brothers, Rhiannon Giddens of the Carolina Chocolate Drops, Lake Street Drive, Colin Meloy of The Decemberists, Lake Street Drive, The Milk Carton Kids, Conor Oberst, Punch Brothers, The Secret Sisters, Dave Rawlings Machine, Willie Watson, Gillian Welch, Jack White. They were joined on-stage by the film’s own Isaac (humble but confident and capable), Mulligan (nervous despite singing well on-screen in Shame and Llewyn Davis), Driver (every bit as odd and amusing a performer off-screen as on) and Stark Sands.
New York City’s tech industry saved it from worst damage of 2008 financial collapse: Bloomberg Philanthropies
The tech and information industry which includes Internet startups and app developers, as well as old media companies like Time Warner and Viacom was responsible for a third of the jobs created in the city since 2007, according to a new report commissioned by Bloomberg Philanthropies. After the financial collapse of 2008, it was predicted that New York . . . was going to have a deep recession and a weaker recovery than the national economy, said Michael Mandel, chief economic strategist for the Progressive Policy Institute and the author of the report. The big surprise here is it has outperformed the national economy by a significant amount. Social media news aggregator Digg was launched in 2004 and is headquartered in New York City. Private-sector employment declined by 3% nationally between 2007 and 2012, but it increased by 4% in New York City, Mandel said. And the growth of the tech industry in Brooklyn has outpaced the rate in tech hubs such as Austin, Tex.; Seattle; Cambridge, Mass., and Silicon Valley, according to the study, Building a Digital City. RELATED: NYC AIR IS THE CLEANEST AMONG AMERICAN CITIES In addition, the tech sector which employed 262,000 people in 2012, or 8% of the citys workforce comprises well-paying jobs. The $30 billion in wages earned by New York techies constitutes 11% of the citys private-sector income. Chris Hondros/Getty Images Viacom, also headquartered in New York, is the fourth-largest media conglomerate in the world. San Francisco and Silicon Valley were the birthplace of the industry with West Coast universities serving as midwives but New York City has the creative capital to feed the next phase of the tech boom, experts said. RELATED: IPHONE 5S RELEASE: HACKERS TRY TO CRACK SMARTPHONE’S NEW SECURITY SYSTEM The first boom in the last decade was essentially infrastructure companies, explained Andrew McLaughlin, CEO of Digg and Instapaper.