Posted by Leonard Steinberg on December 4th, 2012 As the Democrats and Republicans ‘negotiate’ a deal to avert the FISCAL CLIFF, we are again reminded at how very different elected government officials are to the real world. They have the luxury of time I guess? The world around them can crumble, jobs can be lost,… [Read More]
IS WALMART THE NEXT MORTGAGE BANK?
Posted by Leonard Steinberg on December 3rd, 2012 A recent survey shows that one in three US consumers would consider a mortgage by retail giant WALMART. The study shows consumers are willing to try alternative lenders as borrowers focus on price, customer service and trust in their provider when selecting a mortgage, said Doug Hautop, lending… [Read More]
ITS ALL ABOUT THE POWER
Posted by Leonard Steinberg on December 1st, 2012 So the one half of the $ 588 million (that’s over 11,500 $ 50k/year jobs) POWERBALL winners were identified, making a couple from Michigan instantly super-wealthy and very powerful……I did not hear anybody complaining about the fact that these new-super-rich folks earned their money (overnight and through… [Read More]
WARREN BUFFET SAYS WHAT ALL OTHERS IGNORE: $ 250k/ YEAR IS NOT RICH!
Posted by Leonard Steinberg on November 27th, 2012 Warren Buffet has said what we have been YELLING in a recent New York Times editorial: Income of $ 250,000/year is NOT rich. Not in New York, or Los Angeles, or Miami, or San Francisco, or a host of other larger US cities. His piece addresses brilliantly… [Read More]
EXISTING HOME SALES CONTINUE CLIMBING
Posted by Leonard Steinberg on November 19th, 2012 The economy’s recovery is largey reliant on the housing market recovery, so today’s news from The National Association of Realtors that existing home sales climbed 2.1 percent last month to a seasonally adjusted annual rate of 4.79 million units, beating forecasts by Wall Street economists, comes as… [Read More]
GERMANY SHINES BRIGHT ON ITS OWN (CLEAN) ENERGY: WHY NOT NEW YORK?
Posted by Leonard Steinberg on November 17th, 2012 While Europe is faltering, Germany is one of the few countries rising above the growing tide of failure. One example of their success is their ability to invest into the future. Some estimate that Germany will produce close to 100% of its energy from renewable sources by… [Read More]
MIRACLE IN WEST CHELSEA
Posted by Leonard Steinberg on November 14th, 2012 West Chelsea Art galleries are to be commended for the incredible resilience: 2 weeks after SANDY flooded these galleries, there is strong evidence that many will be back in business, fully fixed up, this week……a miracle or simply that New York can-do spirit unlike any other? It… [Read More]
THE NEW VIEWS
Posted by Leonard Steinberg on november 13th, 2012 With a vast swath of new buildings under construction or about to begin construction in New York, only a select few of us will enjoy them from the inside, but all of us will be able to enjoy them from the outside……that’s of course the one’s that… [Read More]
OBAMANOMICS + BOEHNOMICS: ECONOMIC DISCRIMINATION
Posted on November 10th, 2012 by Leonard Steinberg In all the discussions about THE FISCAL CLIFF both parties are revealing to the world just how incompetent (and corrupt?)they really are when it comes to identifying what ‘rich’ is. Both are behaving in a discriminatory fashion that is pretty astounding. I know I keep repeating myself… [Read More]
THE 3rd SUPER-STORM: "SANDY", "ATHENA"……."THE FISCAL CLIFF"?
Posted by Leonard Steinberg on November 7th, 2012 As the second super-storm “Athena”, a strong nor’easter, approaches our shores with the expectation of super-strong winds, rain, snow and storm surges, we have to look towards a potentially bigger storm…..THE FISCAL CLIFF. Unlike nature, this is a $ 7 trillion storm we can actually be prepared… [Read More]