Posted by Leonard Steinberg on November 27th 2013 Another story of mis-guided righteousness has emerged today: As a reaction to the outrage over excessive banker-pay, starting in 2009, the biggest Wall Street firms were pressured to pay their top money-makers in restricted stock, which usually vested in 3 or 5 years, rather than cash bonuses. The… [Read More]
A GREEN THANKSGIVING: DE BLASIO’S GREEN VISION FOR NEW YORK
Posted by Leonard Steinberg on November 27th, 2013 Thankfully under Mayor Bloomberg’s outstanding leadership New York City has been a shining light in green initiatives to save energy, protect the environment, and build green jobs for our economy. Bill de Blasio intends to build on that history and expand sustainability initiatives throughout the five boroughs…. [Read More]
HOUSING CONTINUES TO IMPROVE
Posted by Leonard Steinberg on November 26th, 2013 Housing continues to improve, and for anyone who believes housing is not the key to the welfare of the US economy, think again: Permits for future U.S. home construction hit a near 5-1/2 year-high in October and prices for single-family homes notched big gains in September, suggesting… [Read More]
STATEN ISLAND’S GOT THE (GREEN) POWER!
Posted by Leonard Steinberg on November 25th, 2013 Staten Island is about to deliver some power to the area: Between 30,000 to 35,000 solar panels will be installed on 47 acres at Freshkills Park. The land will then be leased to SunEdison Inc., a solar energy company that won the bid for the project. The project… [Read More]
SWISS TO VOTE ON CEO PAY LIMITS: IS THIS SELECTIVE FAIRNESS?
Posted by Leonard Steinberg on November 24th, 2013 In a world where income inequality and fairness has become a hot topic, today we will find out if Switzerland will go ahead with one of the most radical plans to fight inequality ever: Limiting the pay of top executives to that of their lowest paid employees’… [Read More]
NEW YORK NEEDS AN ARCHITECTURAL STYLE COUNCIL
Posted by Leonard Steinberg on November 23rd, 2013 An article in today’s New York Times laments the tone of much of the new buildings being constructed around the City that in many ways are reminiscent of Dubai. While change is inevitable, and evolution certain, retaining the 100% character of certain neighborhoods may be arrogant……everything has to… [Read More]
DOW 16,000: THE CLIMB CONTINUES….
Posted by Leonard Steinberg on November 22nd, 2013 The DOW has gone over the 16,000 threshold again to-day: an indicator of an improving economy or a signal that we may be at a high? NO-ONE knows. Lets focus on what we do know. There are strong arguments on both sides for sure. Just finished an interview with… [Read More]
AN EDITORIAL THAT ENCOURAGES BUILDING MORE FOR BILLIONAIRES
Posted by Leonard Steinberg on November 21st, 2013 Matthew Yglesias posted this editorial on SLATE.com and I thought you should read it: In it lies some wisdom that many should read (whether we like it or not). A billionaire might be anywhere at any time, riding away on his private jet. But for day-to-day purposes, 30… [Read More]
BERNANKE SAYS FED IS COMMITTED TO EASY POLICY LONG TERM BASED ON THE JOBS MARKET
Posted by Leonard Steinberg on November 20th, 2013 Federal Reserve Chairman Ben Bernanke said the Fed will probably hold down its target interest rate long after ending $85 billion in monthly bond buying, and possibly after unemployment falls below 6.5%. Yellen told lawmakers last week that job-market gains would arise from stronger economic growth, which was… [Read More]
MORE 421-A TAX ABATEMENT LIES
Posted by Leonard Steinberg on November 18th, 2013 Life in real estate land involves many liars and lies. It is especially bad when these lies are summarized and printed as truth by a major newspaper. THE NEW YORK POST just reported how the millionaires will pay NO real estate taxes for 10 years in super-luxury… [Read More]