Posted by Leonard Steinberg on December 17th, 2012 The Republicans have agreed to raising the tax rates on the rich at last…..the real rich: those earning $ 1million and more per year. At last the definition of wealthy has shifted from a stupid version to a more realistic one. Which idiotic politician truly believed that… [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]
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]
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]
BRICFLATION: ARE BRIC COUNTRIES ARTIFICIALLY INLFATING REAL ESTATE VALUES?
Posted by Leonard Steinberg on September 22nd, 2012 Is BRICFLATION upon us? In this morning’s Financial Times a story addresses a potential pricing bubble in the Central London new construction real estate market, where it was identified that just under 20% of the buyers are UK citizens and the majority buyer pool are foreign, mostly… [Read More]
NEW DIA ART MUSEUM COMING TO WEST CHELSEA’S WEST 22nd STREET
Posted by Leonard Steinberg on May 24th, 2012 DIA is about to launch an important new arts building in West Chelsea on West 22nd Street: Dia just bought the former Alcamo Marble building at 541 West 22nd Street in Chelsea for $11.5 million. That building sits between its former space at No. 545, and its existing… [Read More]
NEW YORK LEADS CO2 EMISSIONS FIGHT
Posted by Leonard Steinberg on May 13th, 2012 Who says government has to be the sole driving force for change? Coca-Cola, Nike, and more than 30 other companies have cut carbon dioxide emissions by more than 100 million metric tons since 1999 under a partnership agreement with the World Wildlife Fund, according to a new… [Read More]
NEW YORKERS HAVE THE BEST CHANCE OF MOVING UP THE EARNINGS LADDER
Posted by Leonard Steinberg on May 10th, 2012 A few days after the Occupy Wall Streeters protested economic inequality in May Day rallies across the U.S.A, a study has concluded that the ability to become rich may depend on where you live….and New York is at the top of that list! Residents of three East… [Read More]
MONARCH BUTTERFLIES ARRIVE IN NEW YORK EARLY?
Posted by Leonard Steinberg on May 7th, 2012 The Monarch butterflies have landed at the HUDSON RIVER PARK. ….but aren’t they supposed to come in June? Yesterday while strolling down the park I witnessed thousands of these magnificent butterflies scattered over the magical lavender-colored beds of Catmint, New York’s equivalent to Provence’s lavender. Were they… [Read More]
US HOUSING: THE LONG, SLOW (BUT SURE) RECOVERY
Posted by Leonard Steinberg on April 11th, 2012 Some things take time, unfortunately, especially economic cycles. We are currently witnessing the emergence of the housing market from a very deep recession (border-line depression) and if history matters, the slow recovery we are experiencing appears to be in line. Housing bulls point to a stabilization of prices… [Read More]