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NEW YORK (AP) — New York’s Democratic attorney general asked a court to enforce subpoenas into an investigation into whether President Donald Trump and his businesses inflated assets on financial statements.Attorney General Letitia James filed a petition Monday in state trial court in New York City naming the Trump Organization, an umbrella group for the Republican president’s holdings. It also included other business entities.The filing also named Eric Trump and Seven Springs, a New York estate owned by the Trump family.“I took action to force the Trump Organization, and specifically EVP Eric Trump, to comply with my office’s ongoing investigation into its financial dealings,” wrote James on Twitter on Monday. “For months, the Trump Organization has failed to fully comply with our subpoenas in this investigation.”The attorney general’s office is investigating whether the Trump Organization and the president improperly inflated the value of assets to secure loans and obtain economic and tax benefits.James says their investigation began after Michael Cohen, the president’s former lawyer, testified before Congress that Trump’s annual financial statements inflated the values of his assets to obtain favorable terms for loans and insurance coverage, while also deflating the value of other assets to reduce real estate taxes.“We are seeking thousands of documents and testimony from multiple witnesses regarding several Trump Organization properties and transactions, including from Eric Trump, who was intimately involved in one or more transactions under review,” wrote James. 1601
NEW YORK CITY — Police say they have arrested a man after he allegedly pushed a woman onto subway tracks as a train was arriving at the Union Square station Thursday morning.The NYPD said a call came in just before 8:30 a.m. local time after a woman was shoved off the subway platform and onto the tracks of the No. 4, 5 and 6 subway lines.Surveillance video shows the suspect waiting and then suddenly push the woman, 40, onto the tracks in front of the oncoming train.The FDNY rushed to the scene and helped the victim off the tracks, while a New York City Transit platform controller subdued the suspect, holding him down until police arrived, authorities said.The woman was taken to a nearby hospital and only suffered minor injuries, authorities said.NYPD Chief of Transit Kathleen O'Reilly said on Twitter that "charges are forthcoming and this case will be prosecuted to the fullest extent."The incident caused delays and service impacts along the No. 4? and ?5? train lines, the MTA said. 1004
NEW YORK CITY — Police are looking for a man they say assaulted a New York City bus driver who asked him to put on a mask before boarding the Manhattan bus.According to the NYPD, the unidentified man attempted to get on the northbound New York City Transit Authority (MTA) bus near Madison Avenue and East 29th Street around 2:30 a.m. Monday without a mandatory face covering.The bus driver, 62, stopped the man, telling him he had to put on a mask to ride the bus, police said.According to authorities, the man punched the bus driver in the face before fleeing the bus in an unknown direction.The victim suffered pain and swelling and was taken to a nearby hospital for treatment, police said.Face coverings or masks are required on all MTA buses, subways and trains as the city continues to battle the coronavirus pandemic.The NYPD has released the above surveillance images of the man for whom they're searching.This story was originally published by Mark Sundstrom and Rebecca Solomon on WPIX in New York City. 1022
New plans for student loan debt forgiveness are being proposed as President-elect Joe Biden prepares to take office in just a few weeks. Many of those with student loans, as well as many economists, are hopeful some form of student loan debt forgiveness will pass.“I think it is one of the most accessible ways President-elect Joe Biden has to stimulate the economy,” said Suzanne Kahn, director of education, jobs, and worker power at the Roosevelt Institute in New York.In an interview covering the possible benefits of student loan debt forgiveness, Kahn explained the two ways in which the Biden can get the debt forgiven. One, he can push for Congress to include this debt relief in the next stimulus package, or two, he can take executive action. Either option could eliminate student loan debt for roughly 15 million borrowers and reduce the debt of another 30 million Americans.The president-elect is currently focused on pushing for ,000 to be forgiven in the next stimulus bill and has not said if he would actually consider executive action. However, he has also not refuted that option either.The latter option is certainly the more controversial way to get this debt forgiven, although many Democrats argue it is still legal and fully within a president’s power to do so. Many high-ranking Democrats in Congress explain Biden would have the authority to do this through the Higher Education Act.Experts like Kahn believe it is more likely that Congress will not agree on any amount of student loan debt forgiveness and Biden will take executive action.“I think that it is through executive action, or at least the first movement we see around it will be executive action,” said Kahn. “That really is because the federal government owes 95 percent of student debt, and the Secretary of Education has the ability to cancel it.”“My stance is that it is not inevitable,” said Neal McClusky, director of the Center for Educational Freedom at the Cato Institute.McClusky believes a third option is that no form of student loan debt forgiveness is passed, while he concedes there is a chance that Biden could issue an executive order forgiving student loan forgiveness. However, he also points out that option could be challenged in the courts with some questioning his authority through the Higher Education Act.“There seems to be straws that he can grab and say, ‘Look, this gives me the authority to just write off this debt.’ Other people say it is not clear in the law that he can do that,” said McClusky. “So, what would be the most likely outcome is that he would try. If he were to try and cancel student loan debt through executive action, it would end up in court and would be a pretty long court battle.”So, at the end of the day, where do we really stand with student loan debt forgiveness? The consensus is that it is more likely than ever before that some form of student loan debt will be forgiven, but we’re still nowhere close to a guarantee that will actually happen anytime soon.“I don’t think it is inevitable, but I do think it is important that it is on the table,” said Kahn. 3115
NEW YORK (AP) — If you were to choose a word that rose above most in 2020, which word would it be? Ding, ding, ding: Merriam-Webster on Monday announced “pandemic” as its 2020 word of the year.Merriam-Webster's editor at large, Peter Sokolowski, tells The Associated Press ahead of Monday's announcement that pandemic rose to the top in March.That's when the World Health Organization declared the novel coronavirus crisis a pandemic.Interest in the word on the company's website, Merriam-Webster.com, has been high through the year.Among the runners up for word of the year: kraken, mamba and defund.President-elect Joe Biden's fondness for the word malarkey lifted the word to runner up status as well. 712