Rell to NY hedgies: Come on up!

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This letter came out of the Connecticut Governor’s office today: June 30, 2010 Mr. Timothy P. Selby, President New York Hedge Fund Roundtable c/o Alston & Bird, LLP 90 Park Avenue New York, New York 10016-1387 Dear Mr. Selby and Members of the Roundtable: As lawmakers in Albany consider a proposal to vastly increase the […] [Read More]
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Cigarette tax bad for business, great for health

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New York now has the highest cigarette tax in the country after the state legislature in Albany on Monday passed a bill that adds another $1.60 in state taxes to every cigarette pack sold starting July 1. The new tax will bring the average price for a pack of smokes in the Empire State to […] [Read More]
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A week to go before The Classic Auction

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Condo buyers have a week to look at 28 units going up for auction at The Classic Condominiums on Sunday, June 27. Available units include eight one-bedroom residences with starting bids of $150,000 to $185,000, 10 two-bedroom units starting at $230,000 to $255,000 and a four-bedroom unit starting at $400,000. The auction at The Classic, […] [Read More]
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It’s time for BP to ante up – big time

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President Obama is demanding that BP set up a victims compensation fund to assist businesses and individuals who have been and will be impacted by millions of barrels of crude oil that are still spewing from the company’s broken well at the bottom of the Gulf of Mexico. Initial reports indicate that the company will […] [Read More]
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DOT’s comments on I-95 traffic

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A couple of weeks ago, I called the Connecticut Department of Transportation for comment on I-95 rush-hour traffic’s impact on the economy, as noted in my Friday, May 28 blog, “I-95 traffic…” DOT spokesman Kevin Nursick returned my call the following Wednesday, at which time I briefed him on what I said in the blog. […] [Read More]
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Happy Birthday, Steve!

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SAC Capital Management’s Steve Cohen turns 54 today.  Hope they’re partying on down by the water in Stamford. [Read More]
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Interactive Brokers keeps rolling out new products

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Interactive Brokers Poised To Launch Muni Trading By Nicole Brook Guest Writer Greenwich’s Interactive Brokers will launch low-cost electronic trading in municipal bonds in the next week, according to Steve Sanders, senior vice-president for Business Development & Marketing at IB. The company, which already trades on a number of electronic bond exchanges, is very excited […] [Read More]
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BP debacle stresses need for alternative energy push

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If there ever was a reason to speed up research into and production of alternative energy sources, what’s going on in the Gulf of Mexico is it. For six weeks, millions of barrels of crude oil have been spewing out of that broken British Petroleum pipe more than 5,000 feet below the surface, polluting the […] [Read More]
Categories: General

Golden Eddie

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Eddie Lampert’s not an ostentatious kind of guy, billionaire or no, so don’t expect to see him driving a gold-plated Aston Martin around Greenwich. But Eddie’s getting into the gold-buying frenzy in a big way, according to reports. His Sears Holding Co. has hooked up with a company that buys gold jewelry by mail and […] [Read More]
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