The bottom line

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When I hear a company’s executives say they want to “increase value” for their shareholders, I shudder. In many cases, the major individual shareholders of those companies are those executives. And “increasing value” often means cutting costs – often through job cuts – forcing the remaining workforce to produce more. Don’t get me wrong, I […] [Read More]
Categories: General

People may just need to eat out

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Given all the talk, figures and news stories of an economy that, while technically out of the recession, is still pretty slow as many consumers are still out of work, restaurants, in my area anyway, seem to be doing quite well. On any given night and especially on weekends, a drive through the center of […] [Read More]
Categories: General

Aggravating GE Capital commercial

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The latest commercial touting the services of locally based GE Capital to small businesses and consumers shows an all-terrain vehicle racing over a series of pristine desert sand dunes. I hate it, especially when the GE Cap exec being treated to a thrill ride by the Polaris exec gets off the four-wheeler and whoops it […] [Read More]
Categories: General

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]
Categories: General

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]
Categories: General

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]
Categories: General

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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