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Tuesday, April 21, 2009

The Raw Greenwich Overnight News Feed (Updated Three Four Times)

If You Want To Know What's Really Going On In Greenwich You Have To Read The Out Of Town Newspapers.....

Leona Helmsley's Greenwich Estate: Price Drops 40% (SLIDESHOW)
Huffington Post
The late Leona Helmsley's mansion in Greenwich, Conn., is now on sale at the discount price of $75 million, down from the already cut-rate $95 million it ...
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A recent conference sponsored by the South West Regional Planning Agency held some startling examples in that poster-boy of affluence, Greenwich. This 67 square mile city of 61,000 has 5,545 municipal employees: teachers, cops, firefighters and the like. However, 67 percent of those workers don’t live in Greenwich, but commute daily from Danbury, Bridgeport, Westchester, N.Y., and even Long Island.

They spend an average of 103 minutes per day just getting to and from work, paying more than $2,000 a year for gas. Combined, they add 15,000 tons of carbon dioxide to the atmosphere, just by their commuting.

In a city where the median home price is $2 million, the average Greenwich city worker makes $65,000. And because these teachers, civil servants and such have to come so far, they have to be paid more. The average teacher in Greenwich earns $12,338 a year more than their counterparts elsewhere in the state. These higher wages cost city taxpayers almost $19 million a year. But their larger paychecks come at the cost of lost time and expense on the road.

The Greenwich schools spend $10,000 to $15,000 recruiting and training each new teacher. But after five years of commuting (75 percent of the 912 teachers don’t live in Greenwich), they burn out, leave and find jobs elsewhere. Between 1998 and 2007, 581 teachers left Greenwich for reasons other than retirement and 81 percent of them had less than eight years on the job.

EMS workers in Greenwich have it even worse, averaging 151 minutes (2.5 hours!) commute time. Just how fresh and ready for life-saving work do you think you’d be with a commute like that?

Greenwich is not unique. All of the towns on “the Gold Coast” rely on importing personnel from far afield. Schools in Darien often announce “snow days” not because its roads are impassable, but because teachers can’t drive through the snows farther north from communities like Danbury where they can afford to live.

And what about the people that bag your groceries, clean your home or pump your gas? Where do you think they live? Just drive the Boston Post Road some morning and you’ll see them waiting for the bus.

Fairfield County has its own “migrant workers.” We couldn’t live with out them, but apparently we don’t want to live with them. Just listen to the local debates about adding “affordable housing” in these affluent towns.
Whether because of their nationality or economic status, the expressed aversion to “those people” living in “our” towns is clearly xenophobic if not racist........
Former Firm of Obama Aide Tied to Pension-Fund Probe
Wall Street Journal

... a law firm representing Searle, a brokerage firm in Greenwich, Conn., whose primary business is managing money for wealthy individuals. ...
Request for victim's psychiatric records denied
Connecticut Post

STAMFORD -- The defense for Leonard Trujillo will not be permitted to obtain slain Greenwich real estate developer Andrew Kissel's psychiatric records to ...
Also.....
Worcester Telegram
Portraits Of Privilege In A New Golden Age
KUAR
In the same story, the fact that a woman constantly mentions she's from Greenwich conjures a battery of negative associations about her class. ...
Fund Middlemen as Muscle
Seeking Alpha

It seems a middleman's work is never done: Feeder funds like Fairfield Greenwich charged investors exorbitant fees for "access" to Madoff; while placement ...
Merck Profit Falls on Generics as Schering-Plough Sees Gains
Bloomberg
That compares with the $495 million estimate of Barbara Ryan, an analyst at Deutsche Bank based in Greenwich, Connecticut.
Dodd taps Wall Street money for re-election
San Francisco Chronicle

Scores of hedge fund managers call Greenwich, Conn., home. The finance, insurance and real estate sectors have given Dodd $13.2 million from 1989 through ...
PepsiCo offers to buy bottlers
Connecticut Post
Chairwoman and Chief Executive Indra Nooyi, a Greenwich resident
, said. PepsiCo's headquarters is in Purchase, NY The move shows how much the landscape has ...
Wild for Ramps
Washington Post Blogs

My wife and I first found our prized spot last fall on a foraging tour of a Greenwich, Conn., city park. On Easter Sunday, we returned to the same spot and ...
Workplace Inc.: Working to get Connecticut residents back to work
Bridgeport News

The nonprofit Workplace provides employment and workforce training to residents in 20 towns in southwestern Connecticut — from Greenwich to Stratford to ...
A Wave of Relief at Nokia's Quarterly Results
Top Tech News

"Nokia is very good at moving features from the high end to the midrange and low end," says Mark McKechnie, an analyst at Broadpoint AmTech in Greenwich, ...
Campos hat trick powers Knockouts
The Hour

The Knockouts also dropped a 2-1 decision against the Greenwich Hammers recently. Campos scored Norwalk's only goal on an assist by Pears. ...
Business Briefs
Norwalk Advocate
KarpReilly LLC, a Greenwich-based private investment firm, is withdrawing its slate of three director nominees for election to the board of directors of ...
College honors
BurlingtonFreePress.com

Chase Delano, Middlebury College: The Greenwich, Conn., resident was named the NESCAC's player of the week for the second time this spring after collecting ...
....Nyssa Frazer-Phillips said she moved to Griswold from Greenwich, enrolled her son in eighth grade last fall, and was happy with the schools.

“Please, please, please remember we’re talking about our future here,” she said.

Yvonne Palasky, co-chair of the parent advisory council at Griswold High School, said students today will be in charge of Social Security, health care and the government in the future.
"And I want them educated,” she said.

Internist lands West Delray 5BD
Blockshopper

She received her DO from the University of New England College of Osteopathic Medicine and completed her internship at Greenwich Hospital. ...

Antares loses control of Stamford office complex
Norwalk Advocate
Over the past few years, Antares and partners bought properties from Greenwich to Westport. Their holdings include or have included the former UST Inc. ...
Coach Sees Stability In 3Q Results And Introduces Dividend
Wall Street Journal

To reduce some expenses, Coach is closing a few stores in tony areas including Greenwich, Conn., and Palm Beach, Fla., saying rents are high there and ...
Coach, Inc. F3Q09 (Qtr End 03/28/09) Earnings Call Transcript
Seeking Alpha

They include Greenwich, Connecticut, which closed on the last day of the quarter, along with Worth Avenue in Palm Beach, Green Valley Ranch and Henderson, ...
Two additional Safe Havens babies brought to hospital emergency ...
Stamford Plus Magazine

Despite the law's existence, four babies have been abandoned – two in 2001 (in Greenwich and Brookfield), another in July 2004 (in Branford) and one in ...
Eisen to be honored May 16
Wilton Bulletin

Dr. Eisen, attending pathologist at Greenwich Hospital-Yale New Haven Health, will be one of five medical professionals receiving the ACS's 2009 Star of ...


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