Daily Archives: July 26, 2011

So who creates jobs?

Amazon releases quarterly earnings – down, but that’s because it’s spending so much on expansion. I found it interesting that they added 5,300 jobs, bringing their headcount to 43,000 os, up from 28,000 just last year. If I recall the Amazon story correctly, its founder Jeff Bezos and his wife drove a car cross-country to Seattle back in the (90s?) to start their company. From 2 unemployed entrepreneurs to 43,000 is pretty impressive.

UPDATE: I had it about right – the year was 1995. Here’s his biography.

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Pretty ominous clouds out there

(5:45). Might want to roll up your car windows. I just did.

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Greenwich mountain lion was from the Black Hills

1,500 miles, just to be hit by a car. Shame.

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Hmm – Dundee, our “IB” school, suffers fifth consecutive year of test score declines?

Something’s not working there.

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How to avoid eating cat food while living on Social Security

The Philipines on $10 a day. Waterfront living, too.

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Maybe cops should carry guns?

Turns out that there was a cop on that Norwegian island but in Norway, police are unarmed.   It’s certainly not my place to tell the Norwegians how to structure their society, but even one pistol on the island that day might have saved a lot of lives.

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John Blankley for First Selectman?

I had the pleasure of spending an hour with John Blankley this morning and was hugely impressed. Our politics are different – he is running as the Democrat candidate for First Selectman, after all – but great CEO experience, funny and speaks with a funny accent even after thirty years living in Greenwich, which is always amusing. Seems to me that he’d be a great improvement over the current incumbent but the campaign is young.

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Blame real estate agents

Analyst: another 11 million mortgages will be foreclosed. If you really think that the only thing holding down home sales is the 5% real estate commission well, here’s my experience: the houses in Greenwich that are underwater owe such much to the banks that 5% makes no difference (and often, in the few short sales that have been accomplished, the bank will pay the fee) and for those homeowners who are still solvent, the difference between bid and ask is so wildly large that, again, it’s not the commission. My buyers are putting out solid bids based on thoroughly researched recent comps and the sellers are coming back with dream, 2006 counter-offers. So we all wait. New home sales in the NE are at an all time low today, by the way.

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Cutting real estate commissions would generate sales

So says this study. I don’t particularly like its results but judging from the comments there are people out there who don’t like real estate agents. I’m shocked.

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Here we go again

Contaminated soil found at GHS auditorium building site. No indication yet whether this a huge deal but if history is our guide ….

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Not too observant

I just noticed that Patriot Bank has cleared out from Old Greenwich. Turns out, it’s been gone for weeks.

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I won a bet

16 Dingletown Rd

When this new construction came on the market way back in the spring of 2008 I viewed it with my brother Gideon. He liked it better than I did but neither of us liked its asking price of $8.995. We made a bet on what year it would sell and at what price. I’m pretty sure that I didn’t guess as long as three years but its last asking price, in the $5’s was right. Anyway, it’s finally under contract.

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