DOES THE CONNECTICUT POWERBALL LOTTERY WIN DEFINE CAPITALISM?

Posted by Leonard Steinberg on November 29th, 2011 The winners of the $ 254 million record-breaking POWERBALL lottery identified themselves in Connecticut: the three money managers won a combined $ 108 million after taxes (that’s a lot of taxes!). They bought just one ticket, with numbers selected by the computer. Well, not exactly….it appears these… [Read More]

GREENWICH CONNECTICUT SUPER-LUXE MARKET STALLED

Posted by Leonard Steinberg on May 30th, 2011 Bloomberg reports that homes priced at $10 million and above are accumulating on the market in Greenwich, Connecticut, a town about 30 miles (48 kilometers) north of Manhattan that’s known as the U.S. hedge fund capital. They’re moving so slowly that it would take more than four years… [Read More]

BUILDING CONDO/CO-OP BOARD OVERSIGHT?

Posted by Leonard Steinberg on April 1, 2011 No, this is not an April Fool’s joke: All of us in New York have either heard of or experienced first hand the outrageous behavior of a co-op board, and yes, even a CONDO board. This morning the New York Times reports that a bill now before… [Read More]