Posted by Leonard Steinberg on January 20th, 2013 The New York Times did an interesting piece this weekend trying to answer the question: What is MIDDLE CLASS in Manhattan? The answer remains muddied. In a city where the cost of housing overwhelms all other costs, where you live and how much you are paying for… [Read More]
LET'S WATCH THEM!
Posted by Leonard Steinberg on December 8th, 2012 In a real estate negotiation when the buyer and seller do not trust what their brokers are saying or doing, it is sometimes wise to get involved and monitor things more closely. I think the time has come for us, the taxpayers, to do the same with… [Read More]
THE MANHATTAN INFLATION MYTH
Posted by Leonard Steinberg on December 4th, 2012 Our beloved Government claims that the US inflation rate is currently somewhere around 2.25%…..remarkably they do not include the cost of housing in this figure, probably the single most expensive line item cost in every American’s budget. As we all know the cost of housing is rising dramatically, especially in… [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]
WOULD CREATING 100 MILLION JOBS PAYING $ 50,000.00 PER YEAR CURE THE ECONOMY?
Posted by Leonard Steinberg on July 16th, 2012 It is fact now that US corporations are sitting on almost $ 5 TRILLION in cash, both domestically and internationally. This cash sits idle as corporations’ frustration grows because consumer demand is not strong enough to justify solid, meaningful business investment. This is my argument: Consumer demand… [Read More]
GREEK LESSONS: IS HOUSING THE ANSWER?
Posted by Leonard Steinberg on June 20th, 2012 As the “Great Greek Tragedy” unfolds, there are so many lessons to be learned. This is what I am seeing: 1) It is clearly evident that salaried people are those carrying the brunt of the tax burden in Greece: that burden will more than quadruple now… [Read More]
BETTING ON THE ECONOMY….
Posted by Leonard Steinberg on May 4th, 2012 When Warren Buffet speaks, I listen: To-day he said the tepid economic US growth is directly related to the housing market. The minute construction picks up, so too will the economy as construction fuels job growth and spending. Right now I am aware of several thousand new apartments in… [Read More]
75% TAXES? WILL FRANCE ALIENATE THE RICH?
Posted by Leonard Steinberg on February 28th, 2012 The rich are under seige! Across the globe, countries are turning to the rich to resolve their budget crises. Now, the Socialist favourite in France’s presidential election, Francois Hollande, has said top earners should pay 75% of their income in tax: “above 1m euros [£847,000; $1.3m], the… [Read More]
WHAT HAS HAPPENED TO THE MEANING OF A CONTRACT?
Posted by Leonard Steinberg on January 21st, 2012 This week reminded us all about contracts when the architect of THE CONTRACT WITH AMERICA, Newt Gingrich, was exposed for allegedly attempting to re-negotiate his marriage contract with one of his ex-wives. Has the meaning of a contract changed over the years? A contract is defined as an agreement between two… [Read More]