Daily Archives: November 10, 2009
Europe how has a lower unemployment rate than the US, without Stimulus Fraud
As long as I can remember (yes, Walt, that’s about five years), Europe has always had an unemployment rate about double the U.S. rate, and phenomenon explained by economists as the result of Europe’s generous welfare system, unlimited unemployment benefits, … Continue reading
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Gee, why would they want to do that?
Fnnie Mae, Freddie Mac fire their own Inspector General. Nobody in here but us chickens!
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Al Gore and profiteering
Wall Street Journal suspects his motives! In retrospect, a significant moment was the falling apart or debunking of two key attempts seemingly well-suited to clinch matters for a scientifically literate public. One, the famous hockey stick graph, which suggested the … Continue reading
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Bernie Madoff: I told you so!
Madoff’s homes in Palm Beach and Manhattan aren’t selling and are being discounted 7 and 10% respectively. While Bernard L. Madoff’s beach house in Montauk, N.Y., sold quickly for more than the $8.75 million asking price, his other properties are not doing … Continue reading
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Uh oh, where’s Tina now?
Art work stolen from car in Greenwich OLD GREENWICH, CONN. A car burglary was reported following the Greenwich Antiques Show the weekend of October 17–18. Stolen from a dealer’s van were items that had been purchased by a collector at … Continue reading
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Don’t forget to set your clock
Two hours and fifteen minutes left to send get well cards to John Muhammed. UPDATE: You missed your chance.
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That’s old fashioned
Live free or die? Nah, today it’s about bailouts, and New Hampshire is bailing out a local newspaper. Doesn’t sound like a good idea to me.
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Putin is quaking in his Valenki
Obama displays his tough, vicious side: vows that Ft. Hood gunman will be pay for his crimes. As opposed to all those weak sisters calling for him to be nursed back to health and set free.
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Realtors whooped with joy
A Brooklyn jury found two Bear Stearns fund managers not guilty today on all charges. The prosecution’s theory was that these guys had put such a spin on dismal results that it amounted to fraud. Good Lord, if that were a viable … Continue reading
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Ric Bourke can stay on Rogue’s Alley
The prosecution wanted ten years, the Probation Department recommended two years but the judge sentenced Bourke to a year and a day today (the extra day makes qualified him for early release). And a measly million dollar fine – chump change … Continue reading
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Have we awakened from the American Dream?
This WSJ blogger wonders whether the housing collapse has ended the notion of home ownership as the American Dream and if so, what comes next. My own guess is that Congress (both parties) is too wed to the housing and banking … Continue reading
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Death, diapers and divorce (and nowadays, downsizing)
The three -or four Ds of real estate. We realtors love them all, because they spur people into moving. Here’s a story that must have sent hundreds of us scrambling to the Assessor’s site to get a feel for what’s … Continue reading
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This sounds serious – what should we do?
Governor warns NY that state will be bankrupt by Christmas. Governor wants gay marriage vote first on legislature’s agenda
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Well, Natasha Pray has this to be thankful for, at least
Greenwich’s official curmudgeon, Bill Clark, weighs in on Natasha “Tina” Pray. I don’t know, Bill, but I’d say she dodged a bullet here. When your scribe first knew Tina back in her younger days, when she and her mother were … Continue reading
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The word from on high
After he said such nice things to me earlier this morning I was considering sparing reader XYOUNT’s blood pressure by refraining from posting any nutty right-wing rants for an hour or two, but this article caught my eye and I … Continue reading
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Maybe those bonuses will save the season after all
A couple of significant contracts already reported today. 21 Guinea Road, listed for $8.950 in September, has found a buyer and, judging from the short length of time it spent on the market, I assume it’s a close-to-asking offer. The … Continue reading
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No open houses of note
This is getting a tad depressing. Open house tour days are a great time for trading gossip with other agents, hearing what’s selling and what’s not, what might be coming on, what might have a sale, etc. It’s useful, in … Continue reading
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Beating the assessment
This house was new in 2002, sold for $3.075 in ’03, sold again for $4.160 in ’05 and sold yet again yesterday for $3.7 million. So that’s not too bad, and the assessment (70% of 2005 value) is just $2.509. … Continue reading
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Executive severance packages running out
The WSJ has a sad story about the woes of executives who, fired and given comfortable severance packages of months or even a year, maintained their old life style and are now facing economic ruin. Judging from the number of fathers … Continue reading
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