Daily Archives: November 18, 2009
Apple store opens Saturday on the Ave
Cool beans. I will be out of town (opening day of deer season in NY as you undoubtedly know) but I’m excited about this and it will be the first store to lure me to Greenwich Avenue since Al Franklin’s … Continue reading
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John Stossel – it’s the spending, stupid
California and New York have budget deficits? Bo hoo. If they’d merely increased their spending to population growth and inflation, they’d have huge surpluses. I pointed out the same thing about our own fair state of Connecticut awhile ago: we’ve … Continue reading
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Will commercial real estate’s collapse finish off what the residential bust started?
A coming “hurricane” of loan defaults, says this guy. Makes sense to me. NEW YORK (Reuters) – Sooner or later, office buildings and other commercial real estate financed during the credit bubble will generate hurricane-scale losses for banks. Banks in … Continue reading
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In 2006, Senator Obama thought KSM should receive a military trial
Video here. The man had different political advisers then, of course. And, just a reminder, the man who chastised President Bush in 2008 for not sending more troops to Afghanistan, calling it “urgent”, now says he’s really, really close to … Continue reading
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Still more activity
The owners of 11 Sunshine paid $1.130 million for it in 2005, stuck in at least another $100,000 in improvements and priced it at $997,500 when they listed it for sale this year. It’s reported under contract today. These sellers … Continue reading
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Sales and contracts
88 Richmond Hill has sold for $4.725, down quite a bit from its 2007 ask of $6.950 and not a heck of lot more than the $4.5 offered a year-and-a-half ago by someone I know. But that buyer was too … Continue reading
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It’s the Larence Welk Show!
BusinessInsider offers a fun look at bubbles throughout history, starting with the 1635 tulip mania. My father gave me Mackay’s “Popular Delusions and the Madness of Crowds” to read when I was a wee lad, thus forever spoiling my until-then … Continue reading
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This will skew the average price upwards
Tommy Hilfiger’s place just sold for $20 million. That’s down from its February 2008 price of $28 million but still a significant chunk of change. Two observations come to mind: Rene Gallagher, principal of Round Hill Partners, came up with … Continue reading
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The Constitutional law “professor” speaks
Obama on the Rag Head: we’re bringing the guy back here so we can try him, find him guilty and fry his fat ass; that way the whole world will see the majesty of the American justice system that presumes … Continue reading
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Oh, who’s going to believe this?
My liberal friends trot down to Cuba (not Guantanamo Bay, though) and come back with glorious tales of the happy, joyous peasants who are basking in a socialist paradise. So this report from Human Rights Watch that Raul Castro is … Continue reading
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So simple even the head of P&Z can figure it out
Don Heller put his house at 45 Peasant Lane up for sale in the spring priced at (cough-cough) $4.795 million. That was pretty steep for a back lot, older home in need of some serious renovation and there were no takers. … Continue reading
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Hey Walt – if picking coconuts doesn’t suit you, how about a job flipping burgers in a tropical paradise?
MacDonald’s is looking for an assistant manager down Guantanamo way.
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There went your selling opportunity but there’s always next year
Not much real estate activity these days, nor do I expect to see much until well past Christmas (that said, there are plenty of buyers out looking – they just don’t seem to be in a rush to commit). Today … Continue reading
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Housing starts down, inflation rears its ugly head
Was this supposed to happen?
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My God, we’re all (economic) conservatives now!
NYT: Minimum wage increase walloped teenaged employment. It wasn’t long ago (earlier this year) that arguing against the minimum wage was met with the charge that one was a heartless bastard who wanted the poor to suffer. The suggestion that … Continue reading
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A day of revelations
NYT: Carbon-offset seller cancels flight program as useless. No s***, Sherlock. But last month Responsible Travel canceled the program, saying that while it might help travelers feel virtuous, it was not helping to reduce global emissions. In fact, company … Continue reading
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I didn’t know it was even for sale, let alone under contract
Obama admits Club Gitmo won’t close by January.
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Obama demonstrates his grasp of economics
Too much debt could sink us deeper into recession, He figured that out all by himself, the brainy fellow. Solution? Tax the middle class, which he has no doubt also figured out but will disclose only after next year’s elections.
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Al Gore demonstrates his scientific knowledge
Al, “The Debate is Over” Gore was on TV the other night touting, among other things, geothermal energy. “The interior of the earth is hot: millions of degrees.” Wow, no wonder the guy is steamed about global warming – we’re burning … Continue reading
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ObamaKare – Dean of Harvard Med School has seen the future and thinks it sucks
It will do nothing but increase costs In discussions with dozens of health-care leaders and economists, I find near unanimity of opinion that, whatever its shape, the final legislation that will emerge from Congress will markedly accelerate national health-care spending … Continue reading
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