Share via Shortlink From left: Sen. Roger Marshall, Sen. Josh Hawley, Sen. John Kennedy, Sen. Ted Cruz and Senator Cindy Hyde-Smith (Getty, iStock)Big banks and major corporations are rethinking their political donations in the wake of last week’s violence in Washington — a decision the real estate industry must now confront.According to OpenSecrets.org, which is affiliated with the nonprofit Center for Responsive Politics, the industry is among the largest donors to the members of Congress who contested President-elect Joe Biden’s Electoral College win last week.All told, the real estate industry donated over $16.3 million to members of Congress who contested the election results— which some critics have dubbed the “sedition caucus.” Only two other categories — “retired” and “Republican/conservative” donors gave more.The National Association of Realtors was among the top contributors. The trade association’s political action committee, Realtor PAC, funneled $1.27 million into the campaigns of legislators who voted to overturn the results.The group’s contributions to individual objectors were typically for $16,000 or less. They included $10,000 to Sen. Cindy Hyde-Smith of Mississippi, $5,000 to Sen. Roger Marshall of Kansas and $1,000 each to Sen. Josh Hawley of Missouri, Sen. John Kennedy of Louisiana and Sen. Ted Cruz of Texas.In total, Realtor PAC donated about $1.7 million to Republican candidates in the 2019-2020 election cycle and about $1.88 million to Democrats.While the trade association did not announce any change to its stance on political contributions in the wake of Wednesday’s unrest, it did say it would “closely monitor events in Washington” before President-elect Joe Biden’s Jan. 20 inauguration.In a statement, a spokesperson for NAR said its donations “are made in accordance with requests from state associations and approved by state trustees.”“Decisions regarding our involvement in the 2022 federal elections will be made by following the same procedures and considering a multitude of factors impacting our nation and its real estate sector,” the statement continued.Other top industry contributors to the legislators who challenged the Electoral College results include the National Association of Home Builders, which put $679,500 into their campaigns.Among the industry players who have given generously to Republican lawmakers, some — including Blackstone’s Stephen Schwarzman, a prolific Trump campaign contributor — swiftly condemned the violence at the Capitol and Trump’s role in inciting it.“The insurrection that followed the president’s remarks [Wednesday] is appalling and an affront to the democratic values we hold dear as Americans,” Schwarzman said in a statement. “I am shocked and horrified by this mob’s attempt to undermine our Constitution. As I said in November, the outcome of the election is very clear and there must be a peaceful transition of power.”[OpenSecrets] — Amy Plitt Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink TagsDonald TrumpNational Association of RealtorsReal Estate and Politics
Read Full Story J. Gregory Morrisett, Allen B. Cutting Professor of Computer Science at Harvard School of Engineering and Applied Sciences (SEAS), has been elected a 2013 fellow of the Association for Computing Machinery (ACM).He was recognized “for contributions to mathematically-based methods for ensuring the efficient implementation and verification of practical programming languages.” The 50 ACM Fellows selected this year from the world’s leading universities, corporations, and research labs have achieved advances in computing research and development that are accelerating the digital revolution and impacting every dimension of how we live, work, and play worldwide, the ACM said.“We recognize these scientists and engineers, creators and builders, theorists and practitioners who are making a difference in our lives,” said ACM President Vinton G. Cerf. “They’re enabling us to listen, learn, calculate, and communicate in ways that underscore the benefits of the digital age. Their advances have led to opportunities for improved healthcare, enhanced security, expanded interactions, and enriched lifestyles.”Morrisett’s research has focused on programming language design and implementation as well as software security. He is best known for his work on developing type systems that guarantee strong safety and security properties for low-level languages, including typed intermediate compiler languages, typed assembly language, and Cyclone, a type-safe dialect of C. Many of Morrisett’s graduate students who worked on these projects have gone on to academic careers at top computer science departments.Morrisett is also faculty director of the Center for Research on Computation and Society (CRCS) at SEAS.
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Vincent Michael Albanese, Co-Founder and Vice Chairman of the environmentally conscious developer and real estate firm, The Albanese Organization, died May 26. He was 92.Mr. Albanese began his career as a lawyer in 1949 and became an active member of the New York metropolitan real estate community. He was a graduate of Wesleyan University, St. John’s University School of Law, and undertook graduate studies at Columbia University to pursue politics. Together, with his brother, Anthony, he formed The Albanese Organization based in Garden City in 1949.The company currently stands as one of the leading green developers on Long Island. Mr. Albanese made it his mission to build with environmentally conscious building materials in his projects. His real estate development, planning and design company prides itself on running 5 million square feet of space while also using energy saving methods. The company has been praised by The Long Island Chapter of the U.S. Green Building Council for accomplishments in implementing green-friendly values in its work.Most notably, Albanese recently broke ground on a third apartment building in the transformative Wyandanch Village, a $500 million, 40-acre mixed-use neighborhood in one of the most deserving communities on Long Island. The project has served as a model for other developments in the region. Mr. Albanese is survived by his wife, Niki. He is father to Marisa, James, Christopher, Anthony, and his late daughter, Kathryn. He was also a beloved grandfather, father in law, and brother. He was interred at the Nassau Knolls Cemetery on Wednesday. In lieu of flowers, his family asks for donations to the Long Island Alzheimer’s Foundation or the Northwell Health Hospice Care Network.