New York Fashion Week Spring 2014: Juan Carlos Obando

Goldfarb Top adviser says he wants to spend more time with his West Coast-based family; Jeff Zients will take over job. More business news At the heart of the inquiries issued by the New York Department of Financial Services is whether two prominent consultants acquiesced to client demands and shirked their duties to regulators, according to the person familiar with the case, who was not authorized to talk on the record. Promontory declined to discuss specifics, but spokeswoman Debra Cope said that from time to time we get subpoenas related to client work. She said the firm was not at liberty to divulge the scope of the inquiry. PricewaterhouseCoopers would not comment on the subpoena. According to the person familiar with the case, the department is looking into Promontorys work last year for Standard Chartered Bank. Asked by the bank to conduct a review for evidence of money laundering, Promontory determined that the British bank had illicitly funneled about $14million to Iran. The sum fell well short of the assessment by the New York financial regulator, which accused the bank of processing at least $250billion in illicit transactions. In an interview last month with The Washington Post, Promontory chief executive Eugene Ludwig said the transactions in question were closer to the finding of the U.S. Treasurys Office of Foreign Asset Control, which identified about $24million in illegal transactions to Iran. Ludwig said Promontory was specifically looking for violations of OFAC standards, whereas regulators in New York had broader jurisdiction over the banks records.

New York City Poised to Elect Its Most Progressive Government in 50 Years

I think he just fellhes just over the 40 percent threshold in defeating the several other opponents and most likely wont need a runoff, but even if he falls below the 40 percent threshold as they count 15,000 or so absentee ballots, I think its likely the other Democratic contenders will unite behind him. And de Blasio really ran a very progressive race, focusing in on income inequality in New York City, the 47 percent of New Yorkers are at or near the poverty level, and talking about the need to rein in theall the tax breaks to developers and the business community, and increase taxes on the wealthy to pay for better public education and expanded preschool. So I think that he reallyhis campaign really resonated with the reality that many New Yorkers are facing, and thats why he was able to cobble together a coalition. But the other story that hasnt gotten a lot of attention is thewhats happened in the City Council races, as there are 51 members on the New York City Council, and throughout the city, young progressives not only ran, but won election. And so, you had in Brooklyn, in the Bushwick and Williamsburg area, Antonio Reynoso, a young progressive Latino with abeat an old-guard party boss, Vito Lopez, who had beenwho had ruled central-north Brooklyn for years. And you had people like the first Mexican American, looks like, to be in City Council, Carlos Menchaca, in Sunset Park, also defeated an old-line Latino sort of machine candidate; and Helen Rosenthal on the Upper West Side. You had all across the city young progressives ran and won, and I think its really going to affect the politics of the city, that not only the mayoralty but also the City Council will be much more progressive than its been in decades. AMYGOODMAN:And whoever the Democratic candidate is will take on Joe Lhota, the Republican. JUANGONZALEZ:Right. And, of course, the business and real estate community is reallydoesnt know what to do with itself right now. The real estate interests poured $10 million into getting landlord-friendly candidates into City Council and didnt have much success. And the recent weeks reports said David Koch has now entered the New York City mayoral race, and he and his wife both have contributed $250,000 to one of these independent expenditure groups to support a Republican candidate, who is most likely going to be Joe Lhota, a former deputy mayor to Rudy Giuliani, a former head of the Metropolitan Transportation Authority. So Joe Lhota is most likely going to be the candidate. But its going to be a hard way to go for Lhota.

More fashion week coverage

(Joe Kohen / Getty Images) By Booth Moore, Los Angeles Times Fashion Critic September 13, 2013, 6:52 a.m. NEW YORK The models whooshed onto the runway, color and silk streaming behind them, like they ran the world. They had confidence all right, and sex appeal, which is something not every designer can conjure in clothing. Los Angeles-based designer Juan Carlos Obando sure can. The 2013 Council of Fashion Designers of America/Vogue Fashion Fund finalist’s spring 2014 collection, shown Thursday during New York Fashion Week, was his best ever. Also The inspiration: Modern color, fluidity and evening wear ease. The look: Party all night without breaking a sweat. Key pieces: Fluid silk halter gowns; long-sleeved keyhole gowns; evening pajamas; high-neck blouses with silk ties streaming; draped and tied maxi-skirts with thigh-high leg slits. Solid colors (red, turquoise, fuchsia, jade) as well as festive polka dots and cabana stripes. The swirl of color and print was grounded by Obando’s bold jewelry, including chic-looking mismatched earrings a half disk on one ear and a dome on the other. The verdict: Obando has proved himself to be a force in fashion, and the crystal vision of glamorous simplicity he put forward with this collection invites comparisons to modernist master Halston . Let’s hope the CFDA/Vogue Fashion Fund gives him the recognition he deserves. ALSO: