Tech rebound pulls stocks out of a slump and to weekly gain

Wall Street ended sharply higher after a volatile session Friday, with the Nasdaq rebounding at the end of a week that saw it extend losses to about 10 percent from its previous record high.

All three main indexes bounced back from losses earlier in the day, with investors in recent sessions spooked by rising interest rates that offset optimism about an economic rebound.

Microsoft rallied 2.15 percent, boosting the S&P 500 more than any other stock, with gains in Alphabet, Apple and Oracle also lifting the index.

The benchmark 10-year U.S. Treasury yields hit a new one-year high of 1.626 percent after nonfarm payrolls increased by 379,000 jobs last month, blowing past a rise of 182,000 forecast by economists polled by Reuters.

Focus is also on a $1.9 trillion coronavirus aid bill as a sharply divided U.S. Senate began what was expected to be a long debate over a slew of amendments on how that money would be spent.

The Nasdaq logged its third straight weekly decline after a recent spike in Treasury yields dented demand for high-flying technology stocks.

Rising interest rates disproportionately hurt high-growth tech companies because investors value them based on earnings expected years into the future, and high interest rates hurt the value of future earnings more than the value of earnings made in the short term.

The tech-heavy Nasdaq is around 8 percent below its Feb. 12 closing high.

Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma, said his firm in recent days has bought shares in a handful of growth companies whose prices have been pummeled in the recent selloff.

“Next week, I would expect volatility to continue, with pockets of opportunity, with certain things that sold off potentially rebounding,” Dollarhide said.

The Dow Jones Industrial Average rose 1.85 percent to end at 31,496.3 points, while the S&P 500 gained 1.95 percent to 3,841.94.

The Nasdaq Composite climbed 1.55 percent to 12,920.15.

In a busy session, volume on U.S. exchanges was 17.4 billion shares, compared with the 15.3 billion average for the full session over the last 20 trading days.

For the week, the S&P 500 rose 0.8 percent, the Dow added 1.8 percent and the Nasdaq lost 2.1 percent.

In Friday’s session, the S&P 500 energy sector index surged 3.9 percent to over a one year high as oil prices soared.

Oracle jumped more than 6 percent after Barclays upgraded the business software maker to “overweight” expecting improvement in the IT spending environment.

Advancing issues outnumbered declining ones on the NYSE by a 2.86-to-1 ratio; on Nasdaq, a 2.12-to-1 ratio favored advancers.

The S&P 500 posted 55 new 52-week highs and no new lows; the Nasdaq Composite recorded 225 new highs and 134 new lows.

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Teachers Union President Claims Union Has Been ‘Trying to Reopen’ Since April. Here’s What Actually Happened.

The president of the nation’s most powerful teacher’s union claimed Thursday that her union has been “trying to reopen schools” so children can resume in-person classes since April of 2020, when pandemic lockdowns were in full force.

“Sorry, you know I get very angry about this. My union has been trying to reopen schools since last April,” American Federation of Teachers President Randi Weingarten told CNN host Chris Cuomo during an appearance on his primetime show Thursday evening.

“We know how important in-school learning is!” Weingarten added.

She went on to blame former President Trump for teachers’ reluctance to return to in-person classes, claiming Trump did not give teachers the data, guidance, and resources they needed.

“I begged for it for months and months and months,” Weingarten said, adding that it is “a complete lie” that teachers are being unreasonable in their requests.

Later in the interview, Weingarten emphasized “the joy” of in-person learning, recalling a visit she made to a reopened school along with First Lady Jill Biden.

“The joy in that school, the joy in the kindergarteners’ faces, the joy in seeing the First Lady walk the halls talking to all the teachers,” she said. “They have the safeguards. People are back in school. There is a sense of resiliency and joy there.”

On Tuesday, President Biden announced a plan to prioritize teachers getting the coronavirus vaccine, proposing a goal to give teachers at least one dose of a vaccine this month. Critics accused the president of capitulating to teachers unions, arguing that pharmacies would have to deny at-risk people such as the elderly in order to provide vaccinations for young and healthy teachers.

Weingarten said Thursday that the move to prioritize teachers was “huge” but cautioned that more safety measures are still needed in schools.

Her cautious response has become a familiar one. As much as the Biden administration, city governments, and parents of students have attempted to assuage the COVID-19 fears of teachers unions, the response has been largely the same for nearly a year: the measures put in place are not enough.

The AFT, the second largest teachers union in the country with 1.7 million members, began advocating for the closure of schools as soon as the World Health Organization declared the coronavirus outbreak a pandemic, demanding that school districts meet safety demands that critics say are unreasonable before teachers consider returning to the classroom.

Back in April, Weingarten accused the Trump administration of believing that “government is not necessary,” stating that is why the administration was unable to put together guidance for public schools.

Because of the Trump administration’s “lack of preparation,” “the only way to mitigate right now is basically to close down the economy,” Weingarten said on April 1 of last year on the WBAI radio show “Talk out of School.”

“Thank goodness we have a Democratic House of Representatives,” she said.

In May, Weingarten’s stance was that schools need cash, saying that until they know what the next federal aid package is going to be for states, schools, and localities, “a lot of people are really immobilized.” She hailed the massive $3 trillion HEROES Act stimulus package that the House passed in May, but that died in the Senate. As of January, about $9 billion of the $13.2 billion in school aid provided by the CARES Act, passed in March of last year, remained unused.

As the fall semester drew closer, Weingarten criticized the Trump administration’s school reopening guidelines, describing them as “too little, too late” and reiterated that schools need more emergency aid to open, specifically $116 billion for extra safety measures. In July, she announced that union leadership would support local chapters engaging in “safety strikes” if school districts failed to follow health precautions.

“If authorities don’t protect the safety and health of those we represent and those we serve … nothing is off the table,” Weingarten warned. “Not advocacy or protests, negotiations, grievances or lawsuits, or, if necessary and authorized by a local union, as a last resort, safety strikes.”

“One factor, one person is making them all worse: Donald J. Trump,” she said, referring to the pandemic, the economy, and the protests that swept the nation this summer.

The school year wore on through the winter, and a growing number of students and parents stuck at home who had once been determined to remain resilient through the crisis became more discouraged. As the fall semester drew to a close in December, thousands of children around the country found they had failed their classes.

In November, when New York City’s public school system shut down entirely again as coronavirus cases spiked, Weingarten acknowledged that in-person classes were not driving the city’s increased transmission rate. She argued, however, that schools were still vulnerable to the presence of the virus in the surrounding community despite transmission rates inside the city’s schools being significantly lower.

Weingarten, who previously headed the United Federation of Teachers, the AFT local union representing most teachers in New York City public schools, had previously approved of the city’s decision earlier in November to reopen some in-person learning with strict safety precautions.

Meanwhile, Weingarten admitted many times over the past year that virtual learning is “not the best way to engage kids” and “has not been good for kids.” She has acknowledged that children must return to in-person learning and said she wants classrooms to open back up as soon as possible, but the counterpull of hundreds of thousands of her union members who want to continue teaching from the safety of their homes remains strong.

Now, Trump is no longer president. Biden is not only approving teachers for the coronavirus vaccine but prioritizing them, and schools across the country are opening up their classrooms, especially private schools.

In January, Weingarten was criticized for advocating for a $22.7 billion coronavirus testing program for the spring semester, critics saying the cost and unwieldiness of such a plan would only delay school reopenings further.

Last month, the Centers for Disease Control and Prevention released its highly-anticipated and clearest guidance yet on reopening schools. The guidelines recommend in part that schools enforce six-foot physical distancing, allow students and teachers who are vulnerable to severe illness to opt out of in-person learning, and prioritize vaccinating teachers.

The CDC noted, however, that teacher vaccinations are not necessary for reopening schools.

Later in February, Weingarten was asked by Axios’ Dan Primack whether there is a point at which kids have been out of physical in-person school for so long that the education they have lost “isn’t really recoverable.”

“No, I don’t believe that. I believe that kids are resilient and kids will recover. But we as adults have to meet their needs,” Weingarten responded, adding that, “we have to believe that this is recoverable.”

Her response, which appeared to downplay the negative effects that isolation and virtual learning have had on American children, was promptly panned as out of touch. In one of the most disturbing instances of the negative effects of school closures on students, Clark County schools in Las Vegas were forced to reopen after 18 students committed suicide.

Meanwhile, prominent members of the union have been caught reaping the benefits of in-person learning for their own children even while calling for continued school closures. The president of a local AFT union, Berkeley Federation of Teachers president Matt Meyer was recorded taking his two-year-old daughter to a private pre-school school after advocating for keeping the local public school district shut until all teachers and staff are vaccinated.

As of February, about half of the country’s children have not returned to school. Some parents, meanwhile, say they have been driven to tears over prolonged closures.

“I understand parents’ frustration,” Weingarten said last month. “But the teachers and their unions didn’t create the pandemic.”

Some data suggests that fears about the coronavirus being passed between students and teachers in a school setting have been disproportionate. A study from the American Academy of Pediatrics found zero instances of child-to-adult transmission within schools among 90,000 students and staff in 11 North Carolina school districts who returned to in-person classes. Over nine weeks, there were 773 community-acquired coronavirus cases as well as 32 infections acquired in schools, the study found.

Biden said at a town hall last month that the goal is to have a “significant percentage” of K-8 schools open for in-person learning five days a week by the end of his first 100 days in office.

“Uncertainty is going to be a fact of life,” Weingarten said in May.

Nearly a year later, her prediction feels more like a promise.

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Andrew Cuomo’s insidious lies are finally catching up with him

I made Gov. Cuomo angry last summer, and I now understand that I acted in a way that made him feel uncomfortable. But I want the governor to understand that my slight was unintentional, and I truly and deeply apologize for it. I feel awful about it and frankly, I’m embarrassed by it, and that’s not easy to say. But that’s the truth.

Not bloody likely.

Here’s the real story: Me, my old buddy Michael Goodwin and this newspaper had irked the governor last July, back when the wheels were beginning to off his nursing-home COVID cover-up.

He’d been a lying weasel all along. His pandemic-death numbers weren’t adding up, people were noticing, controversy was bubbling — and naturally there were messengers to be killed. (Rhetorically speaking, of course, though sometimes one wonders.)

So, on cue, Mount Andrew erupted:“I believe it is a political issue,” he barked. “I think it’s the New York Post, I think it’s Michael Goodwin, I think it’s Bob McManus.”

Now, nothing thrills an ankle-biting journalist more than when big-shot politicians pay attention to him. I can’t speak for Goodwin, of course, but I was delighted — all my friends were impressed.

This happened shortly after Cuomo’s disappointing (from his point of view) executive-suite, um, interview with that young lady on his staff, so maybe he was distracted. Certainly he was off his game — issuing challenges he probably now regrets.

“People died in nursing homes,” he said. “That’s very unfortunate.” No argument there. But as for criticism, well, “if anybody looked at the facts, they would know that it was wholly absurd on its face.”

Unhappily for Cuomo, people are looking at facts. Facts relating to that aide. To his clumsy encounters with at least two other young women. And facts concerning his administration’s pandemic policies.

As to the latter, the New York Times and the Wall Street Journal reported simultaneously Thursday that gubernatorial aides had altered nursing home data over the strong objections of state Health Department officials. This was a significant escalation in the public case against Cuomo.

Also, when major newspapers report the same damning story at the same time, it generally denotes rats debarking the vessel — usually with more stories to tell.

Could this mean the end is near?

One can only hope — no lie.

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New offbeat true-crime series ‘For Heaven’s Sake’ probes old mystery

An 85-year-old cold case involving a missing man is the subject of the new Paramount+ docuseries “For Heaven’s Sake.”

The eight-episode arc follows creators and stars Mike Mildon and Jackson Rowe as they probe at the 1934 disappearance of Mike’s great-great-uncle, Harold Heaven

“It really was just a campfire story my entire life,” Mildon, 26, told The Post. “I don’t remember exactly how old I was [when I first heard Harold’s story]. It’s probably going back to very young, like 5 or 6.”

In the winter of 1934, Heaven abruptly left his cottage in Haliburton County, Ontario, in the middle of the night. The door was left open with the keys in the lock  — and he was never seen again. The lakes and forests were subsequently searched, but there were no footprints in the snow and no sign of him — or a body — ever turned up.

“There’s been so many theories and so much hearsay, and that’s all we had to go off of,” said Mildon. “We really learned the dos and dont’s of being amateur detectives.”

Mike Mildon (left) and Jackson Rowe (right) in "For Heaven's Sake" Mike Mildon (left) and Jackson Rowe (right), creators and stars of true crime docuseries “For Heaven’s Sake,” talk about the mysterious 1934 missing person case of Harold Heaven.CBS

The series explores the various possibilities about what happened to Heaven, including suiicide, running away or being murdered — with his body easily hidden by road-blasting that was going on in the region at the time. 

 “I wasn’t sure which theory was true [going in],” said Rowe. “But it seemed that there was a cover up going on and some group of people knew the truth.”

Mildon and Rowe are comedians (“Trophy Husbands”), which helped get “American Vandal” creators Tony Yacenda and Dan Perrault onboard as exec-producers — but neither Mildon nor Rowe have backgrounds in forensics, reporting or investigative work. 

“Mike and I met in 2013 taking classes at Second City, and we started making sketch videos,” said Rowe, 30. “We have a love for filmmaking and comedy. Something we love to do with our films is take a  genre that already exists and put our spin on it. This was our first foray into true crime. We came in with a healthy respect for it and a healthy desire to do it justice. We’re such fans of it.”

Mike Mildon (left) and Jackson Rowe (right) in "For Heaven's Sake" “For Heaven’s Sake” is available on Paramount+.CBS

Both say that HBO’s “The Jinx” and “The Staircase” (Netflix) are among their favorites in the genre. While a duo of funnymen with a personal connection to the case makes for an unusual pair of detectives, Mildon and Rowe said their unconventional background came in handy. 

“I think it definitely helps,” said Rowe. “We’re used to improvising, thinking on our feet and making people laugh. We’re making people feel comfortable and setting a tone for an interview.”

For Mildon, it was also a chance to interview his own relatives about the mysterious story of Harold’s disappearance. Among others, his grandfather Ted Heaven and his aunt Irene Heaven appear in the series to offer their testimonies onscreen.

“The good thing about having Jackson with me is he could come with an outsider perspective and get rid of that family bias,” said Mildon. 

“The Heaven family were more than happy to open their doors for the interviews [and] I was nervous to talk to my family and bring up the past,” he said. “There was a lot of trust involved — but now I look back on the experience and feel blessed that I got to have that sitdown time with all those relatives and talk about our family history.

“There’s so much warmth in that.”

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Prosecutors won't pursue criminal charges against Von Miller

DENVER (AP) – Prosecutors said Friday that Broncos star linebacker Von Miller won’t face criminal charges following an investigation by police in a Denver suburb.

In a statement, the District Attorney’s Office of the 18th Judicial District said it decided not to file charges after reviewing the findings of a criminal case submitted by police in Parker.

It said prosecutors cannot meet the minimum American Bar Association standard for prosecuting someone, which includes believing the charges are supported by probable cause, there is enough evidence to win a conviction and that doing so is “in the interests of justice.”

“Based on our review of information that is currently available, we cannot meet that standard and must decline to file charges in this case. It would be inappropriate to comment about details of an investigation in which there was never a citation, arrest or filing. The complainant, suspect and witnesses have a legitimate privacy interest and we will respect that,” the office said.

Police confirmed their investigation in January but did not provide details about what they were looking into. At the time, police spokesman Josh Hans said that “if the investigation determines a crime has occurred, charges will be submitted to the DA’s Office for their review.”

The club’s all-time sacks leader, Miller missed the 2020 season with an ankle injury he suffered just before the opener.

On Thursday, general manager George Paton said he wanted to keep Miller on the team in 2021 but indicated that the results of the unspecified criminal probe would play a role in the team’s decision.

Miller, who turns 32 in three weeks, is heading into the final season of the six-year, $114.5 million deal he signed in 2016 shortly after winning Super Bowl 50 MVP honors.

The Broncos have until March 16 to exercise his 2021 option, which would guarantee $7 million of his $17.5 million base salary.

If the Broncos release Miller, they would face a dead-money charge of $4.125 million against the salary cap for the upcoming season, far less than the $22.125 million cap charge if the team picks up his option.

Miller is an eight-time Pro Bowl selection and three-time All-Pro since John Elway made him his first draft pick in 2011, selecting him with the second overall pick.

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Mom of boy allegedly dragged, dumped is charged with murder

HAMILTON, Ohio (AP) – An Ohio woman accused of trying to abandon her 6-year-old son at a park, dragging him as she drove away and later dumping his body in the Ohio River was indicted Friday on charges including murder and corpse abuse.

The 16 counts against Brittany Gosney, of Middletown, also include involuntary manslaughter and multiple counts of endangering children, abduction and kidnapping. The reasons for those charges weren’t explained in further detail in the indictment.

Butler County court records listed no attorney for Gosney, 29.

Authorities have said she told investigators that her son, James Hutchinson, was killed at a park in southern Preble County when he grabbed for a vehicle door and was dragged as she drove away.

Police believe Gosney and her boyfriend, James Hamilton, later dumped the body into the river near Lawrenceburg, Indiana, last weekend. Flood conditions this week have held up the search for the boy’s body.

Hamilton, 42, was also indicted Friday on 15 counts, including corpse abuse, tampering with evidence, endangering children, kidnapping and abduction. No attorney was listed for him in online court records.

Authorities say two other children who lived in the Middletown home have been removed into foster care. Middletown officials have set up a memorial fund to support them in honor of their brother.

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Man crushed to death by elevator in Brooklyn apartment building

A man was crushed by an elevator in a Brooklyn apartment building Friday afternoon, cops said.

The fatal accident happened just after 1:15 p.m. in a Prospect Park building on Parkside Avenue near Flatbush Avenue, according to police.

It was unclear how the man, 64, became trapped under the elevator, which had passengers on it, cops said.

He was rushed to Kingsbrook Jewish hospital but he died.

Worker killed by elevator in Brooklyn

Worker killed by elevator in Brooklyn

A man was crushed by an elevator in a Brooklyn apartment building Friday afternoon, cops said.

Paul Martinka for NY Post

Worker killed by elevator in Brooklyn

Worker killed by elevator in Brooklyn

The fatal accident happened just after 1:15 p.m. in a Prospect Park building on Parkside Avenue near Flatbush Avenue, according to police.

Paul Martinka for NY Post

Worker killed by elevator in Brooklyn

Worker killed by elevator in Brooklyn

It was unclear how the man, 64, became trapped under the elevator, which had passengers on it, cops said.

Paul Martinka for NY Post

Worker killed by elevator in Brooklyn

Worker killed by elevator in Brooklyn

The victim was rushed to Kingsbrook Jewish hospital where he was pronounced dead.

Paul Martinka for NY Post

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3 Venezuelans plead guilty for aiding anti-Maduro plot

MIAMI (AP) – Three Venezuelan men pleaded guilty to helping organize an ill-conceived invasion last year to remove President Nicolás Maduro.

In Friday’s hearing before a Colombian court, the men acknowledged their role alongside Jordan Goudreau, a former American Green Beret and Iraq war veteran, in organizing a rag tag army of a few dozen Venezuelan military deserters intent on overthrowing Venezuela’s socialist leadership. Plans included raiding military installations as well as the presidential palace.

“I apologize to the Colombian government,” one of the men, National Guard Maj. Juvenal Sequea, told a judge in Bogota on Friday as he and two other accepted lighter charges of providing advice and logistical support to illegal armed groups. “I accept responsibility for my actions but want people to understand that this is all the result of the consequences of what we Venezuelans are living through.”

The so-called Operation Gideon – or the Bay of Piglets, as the bloody fiasco came to be known – ended in disaster, with six insurgents dead and two of Goudreau’s former Special Forces buddies behind bars in Caracas. But the plot really never stood a chance of succeeding against Maduro’s loyal and heavily armed military after having been thoroughly infiltrated months earlier.

Sequea and his co-defendant Capt. Juven Sequea are the older brothers of the confessed commander of the failed May 3 incursion, Capt. Antonio Sequea, who is jailed in the Venezuelan capital of Caracas. The third person pleading guilty, Rayder Ruso, is a civilian who has long sought Maduro’s armed overthrow.

The single crime to which the men pleaded guilty is punishable from 6 to 10 years in prison. But under Colombian law they can be released on parole or placed under house arrest if sentenced to lesser than 8 years, meaning the men are likely to be freed in exchange for cooperation. Previously the men, who have been jailed since their arrest six months ago, had been charged with providing military training to illegal armed groups, a more serious offense punishable of up to 30 years in jail.

A fourth defendant in the Colombian investigation, Yacsy Álvarez, has repeatedly professed her innocence and accused Colombian authorities of being in constant contact with the plot’s ringleader, retired Venezuelan Army Gen. Cliver Álcala. But she faces an additional charge of arms trafficking for allegedly helping smuggle weapons to the volunteer army.

Álvarez served as Goudreau’s translator during his visits to Colombia and the two opened an affiliate of his small Florida security firm Silvercorp, in mid-2019. It listed its address at an upscale hotel in Barranquilla, according to Colombian public records.

She also flew with Goudreau and the two other former Green Berets – Luke Denman and Airan Berry – to Barranquilla aboard a Cessna jet belonging to her boss, businessman Franklin Durán, who has a long history of deal-making with the Venezuelan government. At the time, Álvarez was living in the Caribbean coastal city and working as a director in a unit of Durán’s auto lubricants company.

According to the plea agreement read by prosecutors in court, the Colombian investigation was prompted by the March 23, 2020 seizure of a cache of 26 assault rifles and tactical equipment it was later revealed were dispatched by Álvarez and destined for the rebels in the desert-like La Guajira peninsula that Colombia shares with Venezuela.

The man coordinating the clandestine effort, Álcala, took responsibility for the weapons hours before turning himself in on March 26 to face U.S. drug charges.

Álcala, who is now awaiting trial in New York, said the weapons belonged to the “Venezuelan people.” He also lashed out against opposition leader Juan Guaidó, accusing him of betraying a contract he had signed with “American advisers” to remove Maduro.

The U.S. has denied any direct role in the attempted raid just as Venezuela’s opposition has taken distance from Goudreau, despite having previously signed with him an agreement to conduct a snatch and grab operation inside Venezuela.

Other than a $50,000 payment for expenses the opposition never paid Silvercorp and Goudreau last year sued one of Guaido’s aides, Miami-based political analyst J.J. Rendon, for breach of contract.

___

Follow Goodman on Twitter: @APJoshGoodman

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W.Va. environmental officials investigating mine discharge

CHARLESTON, W.Va. (AP) – West Virginia environmental authorities said Friday that they are investigating the cause of highly acidic water flowing from a former mine complex to waterways in northern Preston County.

Sediment and discharge 10 times as acidic as normal concentrations are entering the Muddy Creek and Cheat River, the Department of Environmental Protection said in a news release.

The flow of discharge from the T&T; Mine Complex peaked at 6,200 gallons (23,470 liters) a minute on Thursday afternoon, then dropped to 3,500 gallons (13,248 liters) a minute, according to a news release.

“The flow has to decrease to where we can shut off the valves that regulate the water out of the T&T; mine,” said agency spokesperson Terry Fletcher. “This would cause water to build up in the mine and allow our staff time to make repairs at the manhole and better assess the situation.”

The agency is considering the possibility that the highly acidic water leaked due to periodic roof collapses within the mine, but officials haven’t confirmed that theory. Recent heavy rainfall also likely contributed to the mine blowout, the news release said.

Similar incidents happened in 1994 and 1995, leading to upgrades in the water treatment system.

But Thursday’s leak overwhelmed capabilities and an estimated 300 to 500 gallons (1,136 to 1,893 liters) per minute were not going into the treatment facility. A pipeline entering a manhole also ruptured.

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Teacher pays just $1,300 a month for unreal ‘Monica Geller’ apartment in NYC

The internet is going wild for this modern-day Monica Geller, who rents a two-bedroom apartment on the Upper West Side in New York City for only $1,300 a month — a crazy deal in a city where three-bedrooms are typically more than twice that price.

How did this TikTok user get that deal, might you ask? Viewers of the hit ’90s show “Friends” had the same question about the young Monica Geller affording such a nice apartment. Played by Courteney Cox, Monica inherited her rent-controlled apartment from her grandmother, the show revealed.

The Twittersphere quickly made the comparison between Geller and Kolp. But the fictional TV character and real-life Harlem special education teacher Hattie Kolp are only two of about 1 million New Yorkers with a rent-stabilized or rent-controlled apartment, according to New York City’s 2020 housing supply report

“It’s just a unique space, and you don’t see apartments like this anymore,” Kolp, 29, told The Post. “I just love all the historical details and the moldings, the fireplaces, the creaky floors.”

Kolp didn’t expect this level of fame. “On Instagram, people follow you for a reason, whereas on TikTok you just pop up on someone’s home page,” she explained.

Kolp grew up in this 1890s-constructed apartment with her parents, which is how she lucked into the deal. Rent stabilization is complicated, but it typically happens to units built before 1974 in buildings with six or more apartments. Eligibility depends on when the tenant moved in and what rent they paid at that time. 

Under rent stabilization, landlords can only increase rent a certain percent — most recently set at 1.5% a year (2.5% for a two-year lease), according to NYC.gov. Jealous? Not all rent-stabilized or rent-controlled apartments are handed down by generation. Here’s the whole public list of stabilized apartments in New York City.

Kolp is both appreciative and committed. Since 2018, she has spent nights, weekends and “whenever I get a free moment” do-it-yourself renovating and restoring the apartment to its original pre-WWI architectural style with a modern flair.

Kolp’s eclectic art style complements the wall molding and hardwood floors of the apartment.

“It’s been like my therapy,” she said. “It has just allowed me to discover my passion for interior design and old homes.”

When her parents moved out in 2018, Kolp knocked down walls to uncover pocket doors, and she painted the whole apartment white to start with a blank slate. Then, she slowly started adding blues and greens.  

“My biggest thing was that I started to realize the potential and uniqueness [of this apartment], so I really wanted to restore it and get it back to its intended condition,” said Kolp.

In the TikTok video that made her famous overnight, Kolp starts by showing off her blue-gray door with a peephole, which opens to an entryway with a spindly modern chandelier. She turns down a white hallway with stunning wall panel molding — most of which is original to the apartment, she said.

Kolp’s two fireplaces are shown in this photo.

Area rugs partially cover hardwood floors, and candle sconces from her grandparents’ log cabin in Kentucky grace the hallways, along with gold-framed art. 

“Some of it [the art] came from my mom, stuff she left me. Most of it — I get a lot of inexpensive things from online print shops as digital downloads, and then I also go thrifting and use Etsy and eBay,” she said. In some rooms, art collections have “vintage antique vibes” and others have a modern and minimal look, she said.

The apartment has its original fireplaces, which are no longer operational. She covered the tiles with contact paper since the original tiles were discolored and cracked. She filled one with candles and the other with fairy lights, and she showed off the white wood mantels.

Kolp’s bedroom, with a tasseled chandelier, is featured in this photo.

Kolp’s blue bedroom has an original fireplace and a tasseled Justina Blakenley chandelier. The apartment has a butler’s pantry with a historic dumbwaiter (no, it doesn’t still work), and she has painted the original cabinetry green. 

Meanwhile, Kolp transformed her childhood bedroom into a library with a green velvet couch and industrial white shelving.

“I wanted the shelves to blend in a little so the molding could have a moment,” she said.

Kolp made another tour video earlier this week, featuring her library, which used to be her childhood bedroom.

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