Enough of the pay czar

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The chances that Ken Feinberg is going to mine down far enough in the economy to set my salary are exactly zero, but the pay czar and his bosses in the current administration are becoming a little too controlling in what is now a purely political, punitive pastime. Yes, some people’s earnings can seem obscenely […] [Read More]
Categories: General

Black Friday blues

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It was awful this morning shortly after 5 a.m. at Best Buy. The line outside moved well, and my wife and I were inside the store by 5:15. But there were more lines inside Best Buy, and they weren’t moving very much at all. While many of the early birds had been given tickets guaranteeing […] [Read More]
Categories: General

Merritt Parkway bridges

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Word is that the Merritt Parkway is on an list of endangered and at-risk sites published by the World Monument Fund, among the criteria being neglect, dilapidation and vandalism. I don’t know about you, but I feel endangered twice a day driving under the Talmadge Hill Metro-North bridge in New Canaan. Driving westbound down the […] [Read More]
Categories: General

Pratt & Whitney

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It would seem logical to blame United Technologies Pratt & Whitney jet engine division for hurting Connecticut with its decision this week to close repair operations in Cheshire and East Hartford and move 1,000 jobs to Georgia and Asia. The workers’ union and the state allege that Pratt had made up its mind some time […] [Read More]
Categories: General

Telling it like it is

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Anyone who cares about business in the state of Connecticut should read the lead editorial in Saturday’s (8/29) Wall Street Journal. According to the well-researched and written piece, since the enactment of the state income tax in 1991 by then-Gov. Lowell Weicker, the Connecticut has seen zero net job creation, and a population outflow of […] [Read More]
Categories: General

Julie Jason book signing

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Hearst Connecticut personal finance columnist Julie Jason brought highlights of her new book, The AARP Retirement Survival Guide: How to Make Smart Financial Decisions in Good Times and Bad, to a standing-room-only crowd Wednesday afternoon at Barnes & Noble at the Stamford Town Centre.  There will be video if I can ever figure it out… [Read More]
Categories: General

Cash for doing the wrong thing

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A few years ago I traded in an SUV for a Pontiac Vibe, and upped my fuel efficiency from about 18 MPG to 28.5 MPG.  I got $1,500 for the trade in because my Blazer had pretty high mileage and with gas prices going up the value of a gas hog was going down. But […] [Read More]
Categories: General

Beer summit

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I can’t believe the flap over the arrest of Professor Gates will be discussed today over foreign beer at the White House. According to reports, Bud Light, Blue Moon and Red Stripe are on tap, and all are made by companies domiciled outside of the U.S. This occasion calls for American beer, perhaps some from […] [Read More]
Categories: General

The Who fans score some bucks

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This from FinAlternatives: A Man Group fund of hedge funds is making a big bet on a new sovereign-debt hedge fund founded by three Brevan Howard Capital Management veterans. RMF Global Emerging Managers has invested $50 million in Greenwich, Conn.-based 5:15 Capital Management, currently best known for being name for a song by The Who. […] [Read More]
Categories: General

Whose (fleet) is bigger?

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Looks like GE had an end-run planned around ILFC, the AIG unit and leases airplanes and the direct rival of Stamford-based GE Commercial Aviation Services. According to the wires, GE offered $2 billion to CIT over the weekend as it was struggling to find capital after Washington said no bailout for you. GE offered good […] [Read More]
Categories: General