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Thursday, August 21, 2025

Top Eric Adams adviser Winnie Greco caught handing reporter a bag of chips stuffed with cash

 A former top aide to Mayor Eric Adams — and current adviser to his re-election campaign — handed a Big Apple reporter a potato chip bag stuffed with cash Wednesday, according to a report and sources.

Winnie Greco gave the bag to Katie Honan, a reporter at The City, just steps away from Hizonner’s new campaign office in Harlem, The Post confirmed.

Neither Adams nor his re-election campaign are implicated in the incident.

Winnie Greco, a top adviser to NYC Mayor Eric Adams, has been caught handing a City reporter a potato chip bag stuffed with cash.Corbis via Getty Images

Greco, 62, ran into Honan outside the Harlem campaign office, and the reporter later received a text asking her to meet across the street at a nearby TD Bank, according to the report.

Honan met Greco at the bank, then was brought to a nearby Whole Foods, where Greco handed her a crumpled bag of Herr’s sour cream and onion rippled potato chips.

Thinking she was being offered a snack, Honan told Greco more than once that she could not accept the chips, but Greco insisted, according to the report.

After the two parted ways, Honan opened the bag and discovered a red envelope containing at least one $100 bill and several $20 bills, The City reported.

The outlet referred to the exchange as a “failed payoff,” but Greco claimed that she “accidentally” handed the reporter the cash, according to sources.

In comments to The City on Wednesday evening, Greco apologized for the supposed mix-up.

“I make a mistake,” she said. “I’m so sorry. It’s a culture thing. I don’t know. I don’t know. I don’t understand. I’m so sorry. I feel so bad right now. I’m so sorry, honey,” Greco told The City.

After an initial interview with the outlet, Greco called back with an attorney present, the report stated.

Greco was extremely apologetic when confronted about the incident, stating, “I make a mistake … I’m so sorry.”James Keivom

“Can we forget about this? I try to be a good person. Please. Please. Please don’t do in the news nothing about me.”

“I just wanted to be her friend,” Greco said, adding, “I just wanted to have one good friend. It’s nothing,” she told the outlet.

Attorney Steven Brill further claimed that Greco was “purely innocent” and chalked the incident up to a misunderstanding based on cultural differences.

New York City Mayor Eric Adams, joined by former Gov. David Paterson and community leaders, takes part in a ribbon-cutting ceremony to open his Manhattan campaign headquarters in Harlem on Wednesday, August 20, 2025, in New York.James Keivom

“I can see how this looks strange,” Brill told The City. “But I assure you that Winnie’s intent was purely innocent. In the Chinese culture, money is often given to others in a gesture of friendship and gratitude.”

“Winnie is apologetic and embarrassed by any negative impression or confusion that may have caused,” Brill concluded.

Greco’s volunteer status with the mayor’s re-election bid was immediately suspended, the campaign told The Post.

“We are shocked by these reports. Winnie Greco holds no position in this campaign and has been suspended from all VOLUNTEER campaign-related activities. Mayor Adams had no prior knowledge of this matter,” spokesperson Todd Shapiro said.

Greco, 62, former Asian affairs adviser to Mayor Eric Adams, attends the reopening of Sands of Persia cocktail and hookah bar in Astoria, Queens, Sunday, June 22, 2025.David Burns/@FD4D

“He has always demanded the highest ethical and legal standards, and his sole focus remains on serving the people of New York City with integrity.

“We are shocked by these reports,” he added.

The City reported the incident to the Department of Investigation.

“DOI received allegations from The City and declines further comment,” agency spokesperson Diane Struzzi told the outlet.

Adams and Greco participate in the 31st Hong Kong Dragon Boat Festival in New York at Flushing Meadows Corona Park in Queens.ZUMAPRESS.com

Greco, a former Asian affairs adviser under Adams, resigned in October 2024, with speculation swirling that the one-time trusted aide could be indicted by the feds.

Her Bronx home was raided in February that year after she faced a probe by the city’s Department of Investigation over allegations that she improperly used her position to get perks.

Since the high-profile investigations, Greco had seemed to disappear from New York City for several months but became a constant presence on the campaign in recent weeks, The City reported.

The shocking chip-handoff revelation came just hours after The Post reported longtime Adams confidant Ingrid Lewis-Martin is expected to face even more corruption charges for allegedly accepting handouts in exchange for political favors.

The details on the incoming indictment were not immediately clear, but sources believe it is connected to the McGuinness Boulevard revamp in Greenpoint, Brooklyn.

https://nypost.com/2025/08/20/us-news/top-eric-adams-advisor-winnie-greco-busted-for-handing-city-reporter-a-bag-of-chips-stuffed-with-cash/

Wednesday, August 20, 2025

South Korea's Lee to visit shipyard in Philadelphia after summit with Trump

 South Korean President Lee Jae-myung is set to meet US President Donald Trump for the first time next week, seeking to dispel doubts in Washington about his progressive government’s commitment to strengthening their military alliance.

The meeting, scheduled for Monday in Washington, comes with President Lee under pressure to demonstrate unwavering support for the US-South Korea alliance, even as his administration faces scepticism in Washington about its long-term strategic intentions.

“The summit is an opportunity for President Lee to dispel lingering doubts in Washington about his government’s commitment,” said Cho Han-bum, a senior analyst at the Korea Institute for National Unification.

Lee’s spokeswoman, Kang Yu-jung, described the summit as a step towards “a future-oriented, comprehensive strategic alliance” amid a rapidly evolving global security and economic landscape.

A shipyard in Geoje, South Korea. Seoul is expected to tout its shipbuilding expertise as a bargaining chip with Trump. Photo: NurPhoto/Getty Images
A shipyard in Geoje, South Korea. Seoul is expected to tout its shipbuilding expertise as a bargaining chip with Trump. Photo: NurPhoto/Getty Images
South Korea is expected to offer its world-leading shipbuilding expertise to help the US Navy’s expansion plans – a move designed to ease pressure in other areas, such as Washington’s demands for Seoul to provide greater market access for its agricultural products.

Lee is reportedly preparing to present Trump with a model “turtle ship” – a type of heavily armoured warship dating back to the 15th century – in a tribute to Korea’s centuries-old naval heritage and its modern shipbuilding capabilities.

South Korean delegates have previously donned caps bearing the slogan, “Make American Shipbuilding Great Again”, as they navigated tough tariff negotiations with Washington.

The US “needs Korea’s shipbuilding expertise to help revitalise its naval strength in response to China’s growing presence at sea”, Cho told This Week in Asia

“There is ample room to expand both security and economic cooperation,” he added.

“President Lee intends to make clear in Washington that his administration is steadfast about reinforcing the trilateral framework with the United States and Japan.”

Monday’s summit comes weeks after a bilateral trade deal that saw planned US tariffs on Korean exports reduced from 25 to 15 per cent, in exchange for a US$350 billion investment pledge, US$100 billion in US energy purchases and commitments for industrial cooperation.

“The priority for South Korea will be clarifying the implementation schedule for lowering tariffs on Korean exports,” said Doo Jin-ho, a senior researcher at the Korea Research Institute for National Strategy think tank.

Industrial cooperation is set to be a major theme, according to Kang, with talks expected to cover semiconductors, batteries and critical minerals in addition to shipbuilding.

North Korean leader Kim Jong Un inspects naval officers during an inspection of a new warship on Monday. Photo: Korean Central News Agency/Korea News Service/AP
North Korean leader Kim Jong Un inspects naval officers during an inspection of a new warship on Monday. Photo: Korean Central News Agency/Korea News Service/AP

Denuclearisation of North Korea and the continued strengthening of joint deterrence are also expected to be major topics of discussion.

Cho said the US saw South Korea as “an indispensable forward base in the Indo-Pacific”, while Seoul depended on being under the so-called nuclear umbrella of the US to counter North Korea’s advancing arsenal.

But Seoul’s diplomats are reportedly concerned about US calls for greater “strategic flexibility”, wary of being drawn into a possible crisis over Taiwan. Foreign Minister Cho Hyun has previously said that US Forces Korea’s (USFK) possible involvement in a Taiwan conflict would not be on the summit agenda.

Asked on Monday if Washington was pressing Seoul for a response, Cho replied: “It is true that some voices in the US have raised the issue. But the US government has neither formally conveyed such a request nor engaged us in negotiations on it.”

Building rapport

Analysts say the personal relationship between the two leaders will be crucial.

“First impressions can frame high-level relationships,” said political scientist Patrick M. Cronin, Asia-Pacific Security chair at the Hudson Institute think tank in Washington, adding that it would be important for Lee “to prepare carefully for this inaugural visit to the White House”.

The Trump administration would likely push for greater South Korean contributions on defence and regional security, Cronin said. “Washington is pressing for Seoul to shoulder greater responsibilities and costs, while acknowledging the need for US forces on the peninsula to be available for other regional contingencies.”

North Korea, for its part, has been dismissive of Seoul’s outreach under Lee. Kim Yo-jong, sister of North Korean leader Kim Jong-un, on Wednesday characterised the South’s president as “not a great man”, saying in a statement that the “confrontational ambitions” of its neighbour “have been passed down without the slightest change” from the previous administration.

South Korean President Lee Jae-myung holds a meeting with heads of major business conglomerates at the presidential office in Seoul on Tuesday. Photo: Yonhap/EPA
South Korean President Lee Jae-myung holds a meeting with heads of major business conglomerates at the presidential office in Seoul on Tuesday. Photo: Yonhap/EPA

Former US officials say the summit will involve some delicate diplomatic choreography.

“One can imagine President Trump saying publicly that he expects further cooperation from and with South Korea on the China issue,” said Sydney A. Seiler, a former intelligence officer at the US National Intelligence Council, though he described this as a so-called black swan scenario – unlikely, but potentially with severe consequences.

Seiler said Trump had recently been more “restrained” in his remarks on China and would benefit little from putting “Lee in an uncomfortable position” during their first summit.

He further predicted that “all of the debate on Taiwan scenarios, South Korea’s potential contributions, USFK strategic flexibility and mission reorientation” would be handled in working-level discussions.

Doo agreed that discussions on increased cost-sharing for the 28,500 USKF troops deployed to South Korea and its growing defence budget “are more likely to be deferred to working-level negotiations”.

Meanwhile, trade policy expert William Alan Reinsch, a senior adviser at the Centre for Strategic and International Studies, said the Trump administration would likely seek “more specificity on the shipbuilding, what the money means, [and] what’s actually going to happen.”

https://www.scmp.com/week-asia/politics/article/3322504/trump-lee-summit-what-can-turtle-ship-do-us-south-korea-alliance

'US Senator Sanders favors Trump plan to take stake in Intel, others'

Liberal U.S. Senator Bernie Sanders on Wednesday threw his support behind President Donald Trump's plan to convert U.S. grants to chipmakers, including $10.9 billion for Intel, into government stakes in the companies.

"If microchip companies make a profit from the generous grants they receive from the federal government, the taxpayers of America have a right to a reasonable return on that investment," Sanders, an Independent who caucuses with Democrats, said in a statement to Reuters.

The awards were part of the 2022 Chips and Science Act, which sought to lure chip production away from Asia and boost American domestic semiconductor output with $39 billion in subsidies.

But Commerce Secretary Howard Lutnick is now looking into the government taking equity stakes in embattled Intel and other chipmakers in exchange for the grants, sources told Reuters on Tuesday, as the Trump administration seeks "equity" in return for "investments."

The unusual alignment between Sanders and President Trump on government ownership stakes in private companies highlights a marked shift by Trump toward policies of state intervention in the economy that are typically associated with the left.

Since Trump took office for a second time in January, he agreed to allow AI chip giants Nvidia and AMD to sell AI chips to China in exchange for the U.S. government receiving 15% of revenues from the sales. The Pentagon is set to become the largest shareholder in a small mining company to boost output of rare earth magnets. And the U.S. government negotiated for itself a "golden share" with certain veto rights as part of a deal to allow Nippon Steel to buy U.S. Steel.

Sanders and Democratic Senator Elizabeth Warren had proposed an amendment to the Chips Act that would have forbidden the Commerce Department from granting a Chips Act award without the Treasury Department receiving a warrant, equity stake or senior debt instrument issued by the recipient company.

"I am glad the Trump administration is in agreement with the amendment I offered three years ago," Sanders said. "Taxpayers should not be providing billions of dollars in corporate welfare to large, profitable corporations like Intel without getting anything in return."

Much of the funding for Chips Act award recipients such as Micron, Taiwan Semiconductor Manufacturing Co and Samsung has not been disbursed.

https://ca.news.yahoo.com/u-senator-sanders-favors-trump-154508262.html

Meta freezes AI hiring, WSJ reports

 Meta Platforms has paused hiring in its artificial intelligence division after bringing on more than 50 researchers and engineers, the Wall Street Journal reported on Wednesday.

Reuters could not immediately verify the report.

https://finance.yahoo.com/news/meta-freezes-ai-hiring-wsj-010829607.html