Posted by Leonard Steinberg on March 1st, 2014 Here are some crazy double standards to ponder….. 1) NSA whistle-blower Edward Snowden has sought refuge in Russia (the world’s shining bastion for human rights) from the abusive horrors of the US spying on its citizens…..while Mr. Putin boasted during the Sochi Olympics that every e-mail, text and phone call… [Read More]
GOING AFTER THE BANKSTERS? IS THE ENTITLEMENTS BUBBLE THE NEXT BUBBLE?
Posted by Leonard Steinberg on May 6th, 2013 Do you remember the housing bubble of 2008? It appears many have forgotten it already in this heated market. Most of those banksters guilty of robbing us blind escaped any form of punishment. The government failed in its roll to protect the consumer. Is there now a… [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]
FACEBOOK IPO vs. REAL ESTATE BIDDING WARS
Posted by Leonard Steinberg on May 21st, 2012 All the hoopla surrounding the IPO of Facebook and to-day’s swoon of almost 10% in its valuation leads me to believe one should be very careful about over-hyped product….including real estate. I do believe Facebook to be one of the most over-hyped companies on earth: is it really… [Read More]
THE DISPARITY BETWEEN THE RICH TODAY AND 30 YEARS AGO…..
Posted by Leonard Steinberg on April 3rd, 2011 In 1980, the average CEO earned 42 times the average worker, according to the Institute for Policy Studies. In 2009, the multiplier had skyrocketed to 263. Has the disparity in wealth and incomes between the very rich and the working classes become a global hot button issue… [Read More]
DEAR UNCLE SAM…..
Warren Buffet’s thank you note in the op-ed piece of this morning’s New York Times, prompted us to write our own letter. While not a thank you note, it does infer gratitude of sorts: Dear Uncle Sam: We second most of the points made by Mr. Buffet, but would like to add a few of… [Read More]