"Her heart’s desire included a $400 sea-foam green jacket from the New York Liberty women’s basketball team that reads 'New York or Nowhere.'"

She'd had more than $200,000 in student loans, but qualified for loan forgiveness, so "One thing I did is I gifted myself an extra loan payment for whatever my heart desired."

She is New York City Council member Tiffany Cabán, who "spends much of her day thinking about how to address New York City’s affordability crisis," and rents a two-and-a-half-bedroom place in Astoria, "where she lives with her rescue dog Ducky."

I'm reading the latest entry in the NYT series "Affording New York," "How a City Council Member Lives on $148,500 in Queens" (gift link, with photos of Cabán place and her dog and her jacket).

It is a nice jacket for a City Council member, and it's nice that she has season tickets to the game ($5,000), and that her salary is going up from $148,500 to $175,500, after she and other council members voted them a raise. Well earned, no? You wouldn't want to try to live in NYC for only $148,500.

The jacket's slogan is "It will Always be New York or Nowhere." You know that wonderful New York feeling: every place else is nowhere. It reminds me of my old saying: Better than nothing is a high standard. But acquiring nothing leaves you intact as a living human being, and you save whatever money you'd have spent on that item that's not better than nothing. But with "New York or Nowhere," it seems you cease to exist if you can't swing life in New York. Life without being in New York is not better than nothing. It's nowhere. 

"A woman caught on video emptying a public trash can on the street then stealing it during New York City’s Knicks championship parade was a director at JPMorgan Chase who was fired Tuesday over the incident...."

The NY Post reports.

Angie Báez, 40, was promoted to Executive Director of Community and Industry Engagement for Card and Connected Commerce at JPMorgan Chase more than a year ago, according to her LinkedIn profile. She previously served as Executive Director of Diversity, Equity, and Inclusion at New York-based review website The Infatuation, which Chase acquired as part of its broader push into lifestyle and experiential content...

What's "experiential content" and why am I "experiencing" that as bullshit?

Here's the viral video:

@mel_aston Those trash cans didn’t stand a chance 😭😭 I don’t condone the bullying of this woman. I’m not going for it!! #knicks #knicksparade #knicksin5 #nyc #fyp ♬ original sound - Melrose Aston

"What's 'experiential content' and why am I 'experiencing' that as bullshit?" is the one question I took to Grok. If I understand it correctly, instead of marketing the product itself, consumers are invited to picture themselves living some kind of life that somehow relates to the product. The honest restaurant content will, supposedly, be woven together with references to Chase cards. Even though Grok told me "It's not 'bullshit' as a pure concept" — because it can work as a marketing technique — it's obviously a bullshit expression designed to elevate a practice that deserves ridicule.

But you would probably prefer to ridicule this lady who did something stupid and who, you may think, doesn't deserve her job, and you probably think it's her job, her erstwhile job, that sounds like bullshit.

"So much of what we take for granted today — from our meritocratic rat race to our gentrified neighborhoods to our culture of overwork, fitness training and foodie obsession — was born in the yuppie-made 1980s...."

"After the Carter and Reagan administrations loosened the regulations governing Wall Street, finance began to generate a greater share of profits than manufacturing or services. Investment banks and law firms now shaped the fates of the corporations they had once served. As America hitched its fortunes to finance, those banks and firms began to chop up, spin off, merge, offshore or otherwise squeeze short-term value out of the nation’s legacy corporations. But to do it, they needed legions of employees to handle the grunt work: the proofreading, drafting and document review that kept the takeover machinery in motion.... Once they were hired, aspiring yuppies were expected to work more hours, often on smaller and less intellectually demanding piecework. They were also given less meaningful training, all for narrower chances of promotion to partner. As the professional world was beginning to diversify, it became an increasingly miserable place to work.... The exhausting meritocratic contest that furnished them with nice apartments and private-school tuitions had real psychic costs. Between the long hours and the constant pressure for upward mobility, few yuppies actually felt triumphant. They felt burned out. Yuppies were the first class of young people to be drawn into the sweatshop of the meritocracy. Now is the time to rethink the bargain they made...."

Writes history professor Dylan Gottlieb, in "How Yuppies Changed America" (NYT).

"For years, President Trump has complained that his personal and business bank accounts were deliberately closed after the Jan 6., 2021, attack on the Capitol...."

"In a response to a lawsuit filed last month by Mr. Trump and the Trump Organization, JPMorgan, the nation’s largest bank, said for the first time late Friday that it cut off more than 50 Trump accounts in February 2021, shortly after Mr. Trump’s first term ended. The accounts included those for Trump hotels, housing developments and retail shops in Illinois, Florida and New York, as well as Mr. Trump’s personal private banking relationship that handled his inheritance from his father.... In one unsigned note to Mr. Trump, dated Feb. 19, 2021, the bank wrote that he would need to 'find a more suitable institution with which to conduct business.' The letter closed with, 'Thank you for your prompt attention to this matter' — a phrase that Mr. Trump himself is fond of using...."

From "JPMorgan Admits It Shut Trump’s Accounts After Jan. 6 Capitol Attack/Nation’s largest bank, in response to a lawsuit filed by the president, confirmed his longstanding complaint about 'debanking'" (NYT).

Raw trading instinct.

I'm reading "Ex-Wall Street Star Accused of Abusing Women in Penthouse Sex ‘Dungeon’/Federal prosecutors say Howard Rubin, who faces sex trafficking charges, took victims to his apartment, where a bedroom was painted red, soundproofed and fitted with devices to use on the women" (NYT).

Mr. Rubin was prominently featured in Michael Lewis’s 1989 book “Liar’s Poker,” about Salomon Brothers in the 1980s. Mr. Rubin, according to the book, joined the firm in 1982 and became known as one of its wiliest traders. He left in 1985 for substantially more pay at Merrill Lynch.

“Of all the traders, Rubin displayed raw trading instinct,” Mr. Lewis wrote.

He became an object of fascination on Wall Street, Mr. Lewis wrote, for his application of behavioral research to mortgage sales. He later became infamous for his role in a $250 million loss in 1987 at Merrill Lynch.... After leaving Merrill Lynch, Mr. Rubin became a fund manager at Bear Stearns and then Soros Fund Management.....