Daily Archives: August 8, 2011

They’re twelve hours ahead of us in Asia, and stocks are tanking

Nothing good going on. I had a fascinating conversation with some clients this evening and they are as discouraged as I am about our economic prospects for at least the next year. That doesn’t bode well for sellers, I don’t think: Everyone is waiting.

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Maybe we don’t do it wholesale, but piece by piece

Long article here from the Hartford Courant on wasted ambulance calls. Up to 40% are unnecessary or could be treated on site, but state and federal regulations forbid it. So the cost gets shifted to insurance companies and those, like me, who can (eventually) pay. I have a bill for $2,000 left over from being transported to Yale New Haven after my heart attack last February. If I hadn’t been so drugged up, I’d have called brother Gideon and gotten there for free. I don’t begrudge the ride (in fact, I have no memory of it) but if you multiply that little excursion by a few million, it’s easy to see why our health care costs so much.

So maybe we should revisit the 1973 911 law that requires everyone to go to ER, eh? I suspect this is just one of many things we could do to cut our medical costs.

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But where does hydrogen come from?

From electricity. How do you generate that, Danno?

Malloy visits hydrogen fuel cell plant. This all makes for good headlines and heaven knows we all want clean fuel and jobs, but despite our Governor asking “hard questions” [sic] he didn’t bother asking how hydrogen is produced. It’s not from propeller beanies, Danno.

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Camp David, golf, a couple of fund raisers and then it’s off to Martha’s Vineyard

Our president at work.

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Obama votes “present”

Obama: “I will do nothing”

Various reporters tried to elicit more information about Obama’s economic plans and deficit-reduction proposals, but Carney declined again to take the lead.

 

“I don’t want to get too far ahead of the process,” he explained to the Wall Street Journal’s Laura Meckler, adding that Obama “will be contributing to that process, not driving it or directing it.”

 

“Why?” inquired Politico’s Glenn Thrush. “He’s the leader of the free world. Why isn’t he leading this process?”

 

 

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Oh, that troublemaker!

Fudrucker says the Central Fire house should be saved. I say tear it down and build a new one where the GHS auditorium was being built.

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We have nothing to fear but Obama himself

His  “speech”, for some reason, didn’t help. Dow down 600 points. The Emperor has no clothes but will stay in office at least another 17 months. That’s scary.

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They all matter, of course, but this was a hit close to home

Stamford SEAL one of those killed last weekend.  Sounds like a remarkable young man.

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Dow’s down 570, Obama: raise taxes

I’m obviously not the only one who thinks that this man has no idea what he’s doing. Do you remember that some of us warned that a “community organizer” and a law teaching associate (not a professor) might not have the experience to lead our country?

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Ow!

(11:00 AM) NPR (but who believes them?) says the Dow’s down another 313 points.

UPDATE (1:45) Obummer was supposed to speak to the nation at 1:00 PM, then 1:30 and now? DOW keeps falling – 350 points, last I heard, so who knows where in the bunker our leader is hiding.

Imagine if he came out, eventually, to announce a plan to cut taxes, rescind his EPA’s latest regulations and rethink ObamaCare? The market would soar but he’d be dead meat with his “base”, however dwindling that base is. But he could bring this economy back in five minutes.

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Talk about a really bad real estate deal

Bank of America sued by AIG for bad mortgage deals. This all stems from BOA’s purchase of Countrywide Mortgage. Dumb buy. Of course, Chris Dodd and Countrywide’s CEO are safe and living the high life. It’s good to be King, or a friend of the King.

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It’s none of my business, but when has that ever stopped me?

There’s the oddest house going up down the creek from me on Willowmere Circle; the buyers paid $5 million or so for the land so what they do with their property is their decision, not mine, but my gosh it seems weird. There’s some kind of flying saucer thing stitched to one wing and a couple of phallic, mushroom cap towers and who knows what else? Maybe it will all come together when it’s finished (and it’s one of the slowest construction projects I’ve witnessed) but for now well, it’s … odd.

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Wall Street layoffs

Business Insider has some numbers. Some of these are global numbers, not necessarily the NYC area, but I would expect to see repercussions in our Greenwich market.

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