More Greenwich space on market

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An addendum to my post yesterday on unemployment and vacant office space in Greenwich. Today’s Wall Street Journal notes that Greenwich hedge funds Duff Capital Managment, Plainfield Asset Management and AQR Capital Management have all abandoned plans to add more space or are seeking to sublease new space they have contracted for. These funds are […] [Read More]
Categories: General

Golden Greenwich?

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We’ve run two pretty disturbing stories about Greenwich business in the past week. First, the unemployment rate is now 6 percent in town, well above the norm when every investment banker and bond trader has a job. And the office vacancy rate has nearly doubled from 9.75 percent to 18.92 percent, the likely culprit being […] [Read More]
Categories: General

Trump and the WWE

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It’s a little hard to believe that some people, including supposedly skeptical journalists, took seriously the purchase of WWE’s Monday Night Raw by Donald Trump. Several news outlets reported it as fact without the simplest of fact-checking, which would have revealed it was all for show. Fox Business News even devoted a segment to the […] [Read More]
Categories: General

Mr. McMahon and The Donald 2

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The latest update on Donald Trump buying RAW from the WWE has Trump landing his fancy helicopter atop the company’s headquarters on East Main Street in Stamford. Those from outside the city may not know it, but it is against Stamford ordinance to land a helicopter here. I personally can’t believe that Mr. Trump or […] [Read More]
Categories: General

Mr. McMahon and The Donald

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The last time that Stamford-based World Wrestling Entertainment got involved with Donald Trump, dollar bills floated down on the audience from the ceiling of the arena, heated rhetoric was exchanged publicly by Vince McMahon and The Donald over who first made gold of the phrase “you’re fired!” and a matched between proxy wrestlers for both […] [Read More]
Categories: General

Winning the Stock Market Game

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So some kids over at Greenwich High took first place in Connecticut for the fall 2008 in the Stock Market Game, a national simulation that gives a team $100,000 play dollars to make-believe buy and sell equities. With their $100,000, these enterprising teens ended up with $267,553.64 in the course of three months last fall. […] [Read More]
Categories: General

More foreign subsidies

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News is the federal government, in its continued spree of printing money, is considering new incentives for car buyers of up to $4,500. The “cash for clunkers” plan would grant tax credits for purchasers of vehicles substantially more fuel-efficient than their current cars or light trucks. Essentially, it’s putting money once again into the Toyota […] [Read More]
Categories: General

Backcountry lad goes against the grain

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The apple sometimes falls farther from the tree than you might expect. ┬áTake the case of Bruce Marks, profiled a few Wednesdays ago on the cover of the Wall Street Journal and beaten up many times since in its letters to the editor. This activist financier who grew up in backcountry Greenwich runs NACA, the […] [Read More]
Categories: General