Tag: finances

Tate Galleries Will Refuse Sackler Money Because of Opioid Links

LONDON — Tate, which runs some of Britain’s most important art museums, announced Thursday night that it will no longer accept financial donations from the Sackler family, whose pharmaceutical interests have been linked to the opioid crisis. “The Sackler family has given generously to Tate in the past, as they have to a large number […]

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British Gallery Turns Down $1.3 Million Sackler Donation

LONDON — Britain’s National Portrait Gallery said Tuesday that it was not accepting a long-discussed $1.3 million donation from a charitable arm of the Sackler family. The decision, reached by mutual agreement between the gallery and the Britain-based Sackler Trust, is the latest sign of the changing climate in the art world toward the family, […]

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Critic’s Pick: ‘Jean-Michel Basquiat’ at the Brant Shows His Bifurcated Life

A few years ago, a plaza in Paris was named after the artist Jean-Michel Basquiat, the Brooklyn-born painter who became a global sensation in the early 1980s and died at 27 of a heroin overdose. No similar honor has been bestowed upon Basquiat by the City of New York. However, the opening of the Brant […]

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Psychology Around the Net: March 2, 2019

This week’s Psychology Around the Net covers the latest on green spaces and mental health in children, our complex relationships with money, why we’re drawn to conspiracy theories, and more. Enjoy! Does Exposure to Green Spaces in Childhood Lead to Better Mental Health? While growing up in urban areas provides a lot of advantages for […]

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Right-wing Foundation Alleges AOC Campaign Paid Boyfriend Illegally 

Image: Rep. Alexandria Ocasio-Cortez (D-NY) listens to testimony by Michael Cohen, former attorney and fixer for President Donald Trump, before the House Oversight Committee on Capitol Hill. (Photo by Chip Somodevilla/Getty Images) New York’s freshman Rep. Alexandria Ocasio-Cortez has raised plenty of eyebrows during her first few months in office. According to a right-leaning think-tank, […]

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‘Mockingbird’ Producer Relents, Letting Local Plays Go Forward

The Broadway producer Scott Rudin, facing a barrage of criticism over his efforts to shut down productions of “To Kill a Mockingbird” around the United States, on Friday offered an olive branch to the affected theaters, letting them put on a version of the play. At least eight theaters from California to Massachusetts were being […]

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Wealth Matters: You Want to Buy Art. Is It About Love or Money?

The value of a Picasso or a Ferrari typically rises in a strong economy, as do shares in a consumer staple like Procter & Gamble. But when the economy sours, those shares may be easier than the other possessions to shed. As wealthy collectors pull back on extravagances, investors could get stuck holding an asset […]

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Honda’s New Passport Arrives at an Opportune Time

No, not just because American buyers open their wallets for anyone hawking a high-riding vehicle; rather, because an influx of cash would help stabilize Honda’s balance sheet. The automaker’s global profits took a 40 percent haircut in the fiscal quarter ending December 31, with net income falling 71 percent in the same time frame. North […]

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Newseum Building to Be Sold to Johns Hopkins for $372.5 Million

The building that houses the Newseum — the financially troubled monument to journalism in Washington — is being sold to Johns Hopkins University for $372.5 million by the Freedom Forum, the foundation that created the museum. The institution will remain open through 2019 and museum executives will spend that time trying to find a new […]

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The $238 Million Penthouse, and the Hedge Fund Billionaire Who May Rarely Live There

[What you need to know to start the day: Get New York Today in your inbox.] In Manhattan, where multimillion-dollar real estate sales are downright routine, a hedge fund tycoon has managed to set a new standard for conspicuous consumption by paying a fortune for an unfinished piece of property in the sky. The billionaire, […]

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Hospitals Are Asking Their Own Patients to Donate Money

Nonprofit hospitals across the United States are seeking donations from the people who rely on them most: their patients. Many hospitals conduct nightly wealth screenings — using software that culls public data such as property records, contributions to political campaigns and other charities — to gauge which patients are most likely to be the source […]

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A 32-Year Journey to Hell’s Kitchen

Bernie Telsey was still a student at N.Y.U. when he met an actor named Robert LuPone and decided to form a theater club. Their duo became a trio when they met Will Cantler, and soon they were putting on shows whenever and wherever they could. That was more than three decades ago, and over the […]

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A Small Alaska Town Reels as the Coast Guard Weathers On Without Pay

KODIAK, Alaska — The morning after more than 40,000 Coast Guard members missed their first paycheck, and the federal government’s shutdown stretched into its fourth week, Eleanor King placed an empty jar next to her diner’s cash register. In scribbled black marker, a sign on the jar, written in all capital letters, read: Donation Coast […]

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His Art, Their Ideas: Did Robert Indiana Lose Control of His Work?

In the days before the artist Robert Indiana died last May at 89, two of his close associates were brainstorming just what sort of art might be sold under the Indiana brand during his last years. Maybe people, they wondered, who had enjoyed Mr. Indiana’s iconic sculpture LOVE, with its jaunty, tilted O, would appreciate […]

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El Museo del Barrio Drops Plan to Honor German Socialite

El Museo del Barrio in Harlem, the country’s oldest museum devoted to Latino art, announced on Thursday that it was rescinding a decision to honor a princess from Germany at its upcoming 50th anniversary gala. Longtime admirers of the museum had criticized the choice to honor Princess Gloria von Thurn und Taxis, a 58-year-old socialite […]

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Upright Citizens Brigade to Close East Village Location

The Upright Citizens Brigade, facing substantial financial pressures, announced on Wednesday that it would be closing its East Village location in Manhattan, a month after laying off several staff members. That will leave the comedy theater with three venues: Its struggling flagship in Hell’s Kitchen, which opened last year, and two locations in Los Angeles. […]

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How Paparazzi Dogs and Rabbitgirl Conquered New York City Streets

New York has gone to the dogs, but the rabbits and rhinos aren’t far behind in their assault. With little fanfare, Gillie and Marc Schattner, married Australian artists, have marshaled their brash bronze menagerie up and down Avenue of the Americas from Greenwich Village to Rockefeller Center, along Astor Place and over to Downtown Brooklyn. […]

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Art Basel Miami Beach: Cracks in the Glittering Facade

MIAMI — “It’s better to look good than to feel good” seemed to be the internal mantra throughout much of the week’s Art Basel Miami Beach fair, which ended Sunday. In its 17th annual edition, the fair and a dizzying number of concurrent celebrity-studded events took over the entire greater Miami area. And though many […]

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Met’s Leaders Move Ahead With Modern and Rockefeller Wings

When the Metropolitan Museum of Art opened its wing devoted to Africa, Oceania and the Americas in 1982, the director, Philippe de Montebello, said, “We are closing the last gap in our encyclopedic coverage of the arts of man, placing works by artists from so-called ‘primitive’ regions on the level of oriental, classical, medieval and […]

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