Rich Californians deploy creative ways to get around hated billionaire tax – including giving cash away

California’s wealthiest residents are scrambling to shield their fortunes as November comes closer with the controversial billionaire tax — with some accelerating charitable donations, buying luxury vacation homes and even joking about divorce to soften the blow. The proposed measure, if passed, would impose a one-time levy of up to 5% on the net worth of Californians worth more than $1.1 billion, based on their wealth at the end of this year if they were state residents on Jan. 1. Lower rates would gradually phase in for fortunes just above the $1 billion mark. That prospect has triggered a flurry…

Jeffries, black leaders back Espaillat, rebuffing Mamdani-backed candidate

Top black elected leaders from House Democratic chief Hakeem Jeffries to the Congressional Black Caucus are rallying behind Rep. Adriano Espaillat as he battles a far-left crony of Mayor Zohran Mamdani. Espaillat, 71, is facing a vicious primary challenge from Mamdani-endorsed Democratic Socialist of America insurgent Diariliza Avila Chevalier, 32.…

Mike Brown let Knicks stars air grievances in meetings before playoff run

The airing of grievances is a Festivus tradition. The Knicks’ playoff run began with a Festivus of their own. Head coach Mike Brown met individually with each of his five starters — Jalen Brunson, Karl-Anthony Towns, OG Anunoby, Mikal Bridges and Josh Hart — and then all of them collectively…

Mitch McConnell hospitalized with mystery ailment

Retiring Sen. Mitch McConnell was mysteriously whisked to the hospital Sunday morning for unknown reasons, and his current condition is not publicly known. “Senator McConnell was admitted to the hospital this morning. He is receiving excellent care,” a spokesperson for McConnell told The Post. McConnell’s spokesperson declined to give more…

Recent deals lift 2 Park Ave. to 90% occupancy

Since Hadson Realty bought 2 Park Ave. from Morgan Stanley last year for $360 million — 31% less than the investment bank paid for it in 2007 — the 1.2 million square foot prewar property has been on a leasing roll. More than 165,000 square feet in recently signed deals…

City shows off models of proposed sidewalk sheds

The Department of Buildings has unveiled two proposed new sidewalk shed designs that would replace the monstrosities that blight an incredible 360 miles of sidewalks in the city. They’re less blatantly offensive than the familiar, hulking steel-and-green wood eyesores. But no one should mistake them for a real solution to…

Dodgers’ Alex Freeland, Ryan Ward key rubber-match win over Phillies

The Dodgers had a couple debatable roster decisions to make this week. Based on Sunday’s results, they might have been right on both. In a 9-1 rubber-match win over the Phillies, the Dodgers were led offensively by two recent Triple-A call-ups, getting home runs from Alex Freeland and Ryan Ward…

Spencer Pratt shames Karen Bass and Nithya Raman with brutal new video

Spencer Pratt has brutally shamed his Democratic challengers by sharing a video of a homeless man next to a ballot drop box — underscoring a problem that current leaders have struggled to solve. “I don’t even need to make campaign ads anymore,” Pratt said on X. “Karen and Nithya just…

Berkshire Hathaway to acquire homebuilder Taylor Morrison in massive .5B deal

Berkshire Hathaway has agreed to acquire Taylor Morrison Home Corp. in an all-cash deal valued at about $8.5 billion, the companies jointly said on Sunday, marking an expansion of the conglomerate’s housing business. Under the agreement terms, Berkshire will acquire the homebuilder for $72.50 per common share in cash, valuing Taylor Morrison’s equity at around $6.8…

Silicon Valley giant Meta slashes even more jobs as AI boom sparks bloodbath

The AI bloodbath continues in tech as Meta cuts thousands of jobs in Silicon Valley.  The company, which owns Facebook and Instagram, laid off 2,212 people at its Menlo Park headquarters and an additional 213 workers were cut at the Sunnyvale office, Worker Adjustment and Retraining Notification, or WARN filings…

Markets

More
More forecasts: Weather 30 days Sydney