Joel Ing gets some help from his son Trevor as they dispose of their Christmas tree at Greenwich Point Saturday.
(David Ames/For Greenwich Time)
Christmas heave: Residents toss trees for recycling
Cos Cob resident John Whalen brought his four-foot balsam fir Christmas tree to Bruce Park Saturday to be recycled, and will return in a few weeks to pick up the mulch it will be reduced to for use in his garden.
Town hit by increase of foreclosures
The number of foreclosure proceedings underway in Greenwich in the first 11 months of the year increased by 42 percent from the same period last year, according to a foreclosure database company.
Bush departs with legacy in question
Some will remember him as Bush the protector, the president who prevented another terrorist attack from befalling the U.
Students make their pitch with college essays
It took six weeks of brainstorming for a topic, writing and red-penning dozens of drafts before Greenwich High School senior Michael Drittel had a two-page essay that he was comfortable sending to his top choice of colleges.
Camacho brothers victorious at Danbury tourney
CAMACHO BROTHERS DOMINATE Jason and Alex Camacho of Stamford High School won their respective weight classes at the Ryan Sabbagh holiday tournament at Danbury High School.
Making the case for Westhill
Hockey summaries
Hockey roundup
Wright Tech defends Cheney Tech tourney title
Girls Basketball boxes from Sat Dec 27
Madoff's alleged fraud is gigantic in proportion - possibly the largest in history amounting to $50 billion.
According to the complaint, Madoff told senior employees that he "had for years been paying returns to certain investors out of the principal received from other, different investors" . . . "that the business was insolvent, and that it had been for years" . . . that it was "basically, a giant Ponzi scheme". . . and "the losses from this fraud (were) approximately $50 billion."
You have to wonder how Madoff's investors, many of whom were investment professionals such as funds-of-funds and feeder funds, could have become embroiled in his scheme.
How does this apply to you?
Madoff's investment activity was basically affinity fraud, which normally targets ethnic groups, religious or church groups, country clubs, service clubs . . . people commonly involved in charitable or civic activities.
According to press reports, Madoff's affinity groups tended to be religious, social and charitable groups in the Hamptons, Palm Beach, New York City and Europe.
It is not uncommon for fraudsters to look for victims in those kinds of social networks.
In order to accomplish a fraud of this nature, the fraudster relies upon his charm and believability
Since Dec. 11, when the U.S. attorney's office in the Southern District of New York filed a complaint against Bernard Madoff, people have been wondering whether they can become fraud victims.......
That is, he generates all paper and electronic records of your account activity. To get you to believe that your money is safe and the investments he is making for you profitable, he creates the reports that you receive in the mail. They look genuine but are not.
One way to lessen the likelihood of being victimized is to make sure that there is an independent custodian in the picture. A custodian holds your assets.
And, that is indeed the approach that Switzerland's UBP, the world's second biggest investor in hedge funds, is pursuing, according to a recent report in the Financial Times.
UBP, which invested with Madoff in its feeder funds, according to FT, instructed its managers to "put in immediate redemptions for any fund that does not have independent . . . custodians."
To avoid being victimized, don't rely solely on your social network. Do your own due diligence.
Green Earth partners with Techtronic
Dymo parent plans to cut jobs
Local woman gives furniture a face-lift
Grade soars for recycling efforts at Nestle Waters
There was no denying this Middletown-to-Norwalk cable that was completed recently was sorely needed. It has a 345-kilovolt capacity that adds substantially to the 115-kv lines that have been sorely taxed by demand, especially during heat waves.
But there also is no denying it has been expensive - nearly $1.3 billion - and at least some of that is going to come out of the pockets of Connecticut Light & Power Co. customers.
As it now stands, according to news reports, Connecticut is responsible for 27 percent of the cost, sharing the expense with the other states that are part of the New England power grid. The amount to be levied is based on how much electricity each state uses.
On the positive side, the new line is expected to reduce by more than $100 million a year the so-called congestion charges that customers in Connecticut pay based on costs to manage electricity flow when demand strains overburdened lines. Also important is that the line helps address reliability issues that would cause businesses to consider whether they should relocate, or even stay, in Fairfield County. Thus it is an investment in the state's economy, which was welcomed by the Business Council of Fairfield County among others.
The last month, my daughter was in a wheelchair, and people opened doors and stepped aside for her to pass.
On our last trip to Darlene's, the owner asked if we believed in God. After we ate our ice cream (on the house) the owner took us to a back room, where she prayed with us.
Needless to say, I was shocked. He told me, "Just take care of your daughter."
My daughter's friends and neighbors were very generous and helpful. They provided food and all sorts of refreshment. We never ate so well.
The young people and children of Old Greenwich were remarkable. My grandson's friends, whose ages range from 16 to 20, asked if they could come for dinner. After dinner they visited with my daughter and shared with her stories about their summer activities and information regarding schools they were going to attend. One young man shortened his vacation in China so he could return to Greenwich to see my daughter.
The children of my daughter's neighbors and friends came to the house to sit and visit. She enjoyed their company very much. I was moved by the children's generosity in giving up their time to be with her. I know these children come from wonderful families.
Rosa W. Arnold
Foley, Ala.
Cos Cob resident John Whalen brought his four-foot balsam fir Christmas tree to Bruce Park Saturday to be recycled, and will return in a few weeks to pick up the mulch it will be reduced to for use in his garden.
Town hit by increase of foreclosures
The number of foreclosure proceedings underway in Greenwich in the first 11 months of the year increased by 42 percent from the same period last year, according to a foreclosure database company.
Bush departs with legacy in question
Some will remember him as Bush the protector, the president who prevented another terrorist attack from befalling the U.
Students make their pitch with college essays
It took six weeks of brainstorming for a topic, writing and red-penning dozens of drafts before Greenwich High School senior Michael Drittel had a two-page essay that he was comfortable sending to his top choice of colleges.
Camacho brothers victorious at Danbury tourney
CAMACHO BROTHERS DOMINATE Jason and Alex Camacho of Stamford High School won their respective weight classes at the Ryan Sabbagh holiday tournament at Danbury High School.
MORE SPORTS NEWS:
Making the case for Westhill
Hockey summaries
Hockey roundup
Wright Tech defends Cheney Tech tourney title
Girls Basketball boxes from Sat Dec 27
Diversity in the orchestra, the start of a conversation
Draw a mental image of a symphony orchestra concert. Blacks and Latinos don't fit the sketch as musicians or audience members, do they?
Draw a mental image of a symphony orchestra concert. Blacks and Latinos don't fit the sketch as musicians or audience members, do they?
By Julie "I Report The Obvious" Jason
Since Dec. 11, when the U.S. attorney's office in the Southern District of New York filed a complaint against Bernard Madoff, people have been wondering whether they can become fraud victims.
Madoff's alleged fraud is gigantic in proportion - possibly the largest in history amounting to $50 billion.
According to the complaint, Madoff told senior employees that he "had for years been paying returns to certain investors out of the principal received from other, different investors" . . . "that the business was insolvent, and that it had been for years" . . . that it was "basically, a giant Ponzi scheme". . . and "the losses from this fraud (were) approximately $50 billion."
You have to wonder how Madoff's investors, many of whom were investment professionals such as funds-of-funds and feeder funds, could have become embroiled in his scheme.
How does this apply to you?
Madoff's investment activity was basically affinity fraud, which normally targets ethnic groups, religious or church groups, country clubs, service clubs . . . people commonly involved in charitable or civic activities.
According to press reports, Madoff's affinity groups tended to be religious, social and charitable groups in the Hamptons, Palm Beach, New York City and Europe.
It is not uncommon for fraudsters to look for victims in those kinds of social networks.
In order to accomplish a fraud of this nature, the fraudster relies upon his charm and believability
Since Dec. 11, when the U.S. attorney's office in the Southern District of New York filed a complaint against Bernard Madoff, people have been wondering whether they can become fraud victims.......
......Importantly, there is one essential element that a Ponzi scheme must allow the fraudster to do: He must somehow control the money you "invest" with him and all records pertaining to your money.
That is, he generates all paper and electronic records of your account activity. To get you to believe that your money is safe and the investments he is making for you profitable, he creates the reports that you receive in the mail. They look genuine but are not.
One way to lessen the likelihood of being victimized is to make sure that there is an independent custodian in the picture. A custodian holds your assets.
And, that is indeed the approach that Switzerland's UBP, the world's second biggest investor in hedge funds, is pursuing, according to a recent report in the Financial Times.
UBP, which invested with Madoff in its feeder funds, according to FT, instructed its managers to "put in immediate redemptions for any fund that does not have independent . . . custodians."
To avoid being victimized, don't rely solely on your social network. Do your own due diligence.
Investigate before you invest. Find out who has custody of your assets and consider whether you need or want an independent custodian.
- Julie Jason, a money manager and principal of Jackson, Grant Investment Advisers Inc. of Stamford, write to her c/o The Advocate and Greenwich Time, 9 Riverbend Drive, South, Building 9A, Box 4910, Stamford, CT 06907
COMMENT:
Something Tells Me That Bernard Madoof Or Walter Noel Would Be Able To Take Greenwich Time Columnist Julie "I Report The Obvious" Jason To The Cleaners With Ease.
MORE PATHETIC LOCAL BUSINESS
REPORTING FROM THE GREENWICH TIME:
Green Earth partners with Techtronic
Dymo parent plans to cut jobs
Local woman gives furniture a face-lift
Grade soars for recycling efforts at Nestle Waters
A major new electrical power line that went into service this month likely will be viewed as a mixed blessing, given the tough economic times. On one hand, it should make the supply system more reliable and help meet the power demand in this region that has grown by leaps and bounds during recent years. On the other, customers here likely are going to see some of the costs of the line reflected in their electric bills in the not-too-distant future, at a time when rate hikes only add to financial strains on both residential and commercial customers.
Connecticut residents have reason to reflect on their own roles in the unfortunate confluence of events.
There was no denying this Middletown-to-Norwalk cable that was completed recently was sorely needed. It has a 345-kilovolt capacity that adds substantially to the 115-kv lines that have been sorely taxed by demand, especially during heat waves.
But there also is no denying it has been expensive - nearly $1.3 billion - and at least some of that is going to come out of the pockets of Connecticut Light & Power Co. customers.
As it now stands, according to news reports, Connecticut is responsible for 27 percent of the cost, sharing the expense with the other states that are part of the New England power grid. The amount to be levied is based on how much electricity each state uses.
However, more cost would be shifted to our state if certain expenses are deemed to benefit Connecticut only - such as placing lines underground, as demanded by some state residents, versus stringing them overhead.
On the positive side, the new line is expected to reduce by more than $100 million a year the so-called congestion charges that customers in Connecticut pay based on costs to manage electricity flow when demand strains overburdened lines. Also important is that the line helps address reliability issues that would cause businesses to consider whether they should relocate, or even stay, in Fairfield County. Thus it is an investment in the state's economy, which was welcomed by the Business Council of Fairfield County among others.
Yet this is probably one of the most unfortunate times to burden consumers with higher rates ...... BLAH ..... BLAH ..... BLAH ...... BLAH ..... BLAH ....... BLAH ........ BLAH ....... BLAH ..........
To the editor:
My husband and I want to thank the entire town of Old Greenwich for everything people did for our family.
Thomas Cerio, my son-in-law, let me spend three months with my lovely daughter, who was very ill. Our daily trek included shopping at the grocery story and bake shop. In addition, we stopped at Darlene's for ice cream. We were always greeted with friendly hello's.
The last month, my daughter was in a wheelchair, and people opened doors and stepped aside for her to pass.
On our last trip to Darlene's, the owner asked if we believed in God. After we ate our ice cream (on the house) the owner took us to a back room, where she prayed with us.
That evening I lost a filling from a tooth. My daughter's friend, Mary Jay, called her dentist. The next day Dr. Pagoda called and asked me to come to his office that very morning because he was going on vacation that afternoon. He replaced the filling at no charge.
Needless to say, I was shocked. He told me, "Just take care of your daughter."
My daughter's friends and neighbors were very generous and helpful. They provided food and all sorts of refreshment. We never ate so well.
In addition, the sanitation and yard workers who came to my daughter's home were very kind and offered to help any way they could.
The young people and children of Old Greenwich were remarkable. My grandson's friends, whose ages range from 16 to 20, asked if they could come for dinner. After dinner they visited with my daughter and shared with her stories about their summer activities and information regarding schools they were going to attend. One young man shortened his vacation in China so he could return to Greenwich to see my daughter.
The children of my daughter's neighbors and friends came to the house to sit and visit. She enjoyed their company very much. I was moved by the children's generosity in giving up their time to be with her. I know these children come from wonderful families.
The people of this little town have big hearts. Now I know why our Donna loved Old Greenwich so much. We can't wait to return for a visit.
Rosa W. Arnold
Foley, Ala.
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