Hyper Local News Pages
Monday, March 29, 2010
03/29/10 A Greenwich Roundup Reader Has Left A New Calls Greenwich Time Editor David McCumber A Wimp
Is Fishman on Cohen's payroll or did he flunk Shop Math 101?
Is that "M" on McCumber's birth certificate a typo?
Shouldn't it be "W" for wimp?
=================================
Please send your comments, news tips and press releases to GreenwichRoundup@gmail.com
03/29/10 The Latest News About Incompetent Hearst Newspaper Editor David McCumber"
Incompetent Hearst Newspaper Editor David McCumber Is The Blogosphere:
Greenwich Roundup: 03/29/10 Hearst Newspaper President Steven ... By Greenwich Roundup Now That Greenwich Time Editor David McCumber Has Fired Investigative Reporter Teri Buhl, Town Residents Must Once Again Get Their Business News From Out Of Town News Organizations. Will Faux News Reporter Charlie "The Gas Bag" ... Greenwich Roundup - http://greenwichroundup.blogspot.com/ |
A Recently Updated Web Page About Incompetent Hearst Newspaper Editor David McCumber
Contact Us - GreenwichTime Editor: David McCumber, 203-964-2465. Local News: 203-625-4410. Editorials and Opinions: David Keyes, 203-625-4422. Arts: 203-625-4426 ... www.greenwichtime.com/contact/ |
Please send your comments, news tips and press releases to GreenwichRoundup@gmail.com
03/29/10 Greenwich News Maker Ned Lamont
Greenwich Resident Ned Lamont In The Blogosphere
Connecticut Bob: A chat with Ned Lamont By CT Bob A chat with Ned Lamont. posted by CT Bob. Several nights ago Ned Lamont sat down with local bloggers to discuss the issues in an informal setting. Here are two short videos from the meeting: ... Connecticut Bob - http://ctbob.blogspot.com/ |
Ned Lamont and Me - Jonathan Kantrowitz - Connecticut News By Jonathan Kantrowitz March 29, 2010 at 10:20 am by Jonathan Kantrowitz. Ned Lamont held a meeting with local bloggers Friday night. CT Bob has good video and write-ups – but here's one of Bob's video featuring Ned's response to my question: ... Jonathan Kantrowitz - http://blog.ctnews.com/kantrowitz/ |
Fedele's Big Chance « Channel 3's Dennis House Blogs By dennishouse1 The City of Norwich is bracing for flooding from the Yantic River and if disaster strikes, the Lt. Governor will be front and center. That's a photo op Ned Lamont and Tom Foley just cannot buy. More on Eyewitness News tonight. ... Channel 3's Dennis House Blogs - http://dennishouse.wordpress.com/ |
Williams, Who Couldn't Come Up With a Budget Bill That Would ... By Ken Dixon John F. Daly III: I can see why Dan Malloy's poll numbers are improving and Ned Lamont's are shrinking.... Bruce Mac Donald: It is clear that Dan Malloy is winning support the old fashion way, working for it, not buying it. ... Ken Dixon's Blog-O-Rama - http://blog.ctnews.com/dixon/ |
Recently Updated Web Pages About Greenwich Resident Ned Lamont
03/27/10 Greenwich News Maker Ned Lamont - Connecticut - Local ... Greenwich Resident Ned Lamont In The Blogosphere: Political Questions We Cannot Raise By T Perhaps we could exchange a Joe Liberman for a Ned Lamont ... http://www.upi.com/Top_News/Local/2010/03/29/032710-Greenwich-News-Maker-Ned-Lamont/51-06f413d309 |
News Post GESAC: Townhall Speaker Ned Lamont, Apr 5. Posted 03/29/2010 10:18AM ... Ned Lamont will lead viewpoints and discussions with audience members about what ... www.ccsu.edu/cf_news/view.cfm?newsid=332 |
TOMORROW: Lamont to Unveil Business Plan for Connecticut ... Who: Ned Lamont and local business owners, workers, and job seekers ... Who: Ned Lamont and Bill Bevacqua of Action for Bridgeport Community Development, ... groups.google.com/group/ctnewswire/browse_thread/thread/fa590756c645dad9 |
They've Changed the Street Names in Waterbury — Daily Ructions Ned Lamont's 2006 campaign for the United States Senate raised the ire of Waterbury residents in August of that momentous year when his campaign manager ... www.dailyructions.com/theyve-changed-the-street-names-in-waterbury/ |
Connecticut (CT) Poll * March 18, 2010 * Connecticut Voters Say No ... In Connecticut's Democratic gubernatorial primary, Ned Lamont leads Stamford ... Among Democrats, 44% of voters are undecided, while Ned Lamont (D) gets 28% ... dailyradar.com/beltwayblips/.../connecticut-ct-poll-march-18-2010-connecticut-voters / |
Trinity Exchange The Trinity College Democrats are hosting Ned Lamont, candidate for governor, Friday April ... NED LAMONT has a broad background as a businessman, educator, ... internet2.trincoll.edu/TrinExchange/Default.aspx?tabindex=0&tabid=1&aid... |
Lamont on Tolls and Tramsportation - Watch Online Videos ... During a recent chat with Ned Lamont, he was asked about whether tolls would be a useful way to generate revenue, and what he would do to help solve ... videos.apnicommunity.com/Video,Item,2341267961.html |
Please send your comments, news tips and press releases to GreenwichRoundup@gmail.com
03/29/10 Popular Ex- Hearst Newspaper Investigative Report Teri Buhl Is In The News
Popular Ex-Hearst Newspaper Investigative Reporter Teri Buhl Is In The Blogosphere
Greenwich Roundup: 03/29/10 Hearst Newspaper Investigative ... By Greenwich Roundup After firing reporter and blogger Teri Buhl, the Greenwich Time -- a Hearst newspaper in suburban Connecticut -- has come under fire from several sources, mostly fellow bloggers and reporters, who claimed her dismissal might have been ... Greenwich Roundup - http://greenwichroundup.blogspot.com/ |
Recently Updated Web Pages About Popular Ex-Hearst Newspaper Investigative Reporter Teri Buhl
Hedge funds think Tom Cruise is a good investment - Teri Buhl ... Teri Buhl is a Wall Street investigative reporter. blog.ctnews.com/.../hedge-funds-think-tom-cruise-is-a-good-investment/?utm... |
MyProps.org - Eric Sprott Is Not Optimistic - Zero Hedge From the Greenwich Time's Teri Buhl: Read the rest of this story » See Also: You Fools, Prop Trading Is What [More...] ... myprops.org/content/Eric-Sprott-Is-Not-Optimistic/ |
Video: REPO 105 - HOT VIDEO Former Lehman Trader: Repo 105 Is Clearly Balance Sheet Manipulation - Teri Buhl of Greenwich Time got Larry McDonald's response to the Repo 105 allegations ... www.chairdancing.com/ext/repo+105.html |
03/27/10 Here Is The Latest On Hearst Newspaper Disaster David ... ... Greenwich Roundup: By Greenwich Roundup If Greenwich Time Investigative Business Reporter Teri Buhl Had Not Been Fired By David McCumber She . ... http://www.upi.com/Top_News/Local/2010/03/28/032710-Here-Is-The-Latest-On-Hearst-Newspaper-Disaster-David-McCumber/51-6ec3d148d0 |
Please send your comments, news tips and press releases to GreenwichRoundup@gmail.com
0329/10 Greenwich Roundup Has A New Comment From Mike
If Spongetech is a scam, why are more and more companies getting their product? Why would Marvel sign a deal with them? Why would they be repackaging their Car Wash sponge? Why would their Pet sponges have a booth at a convention just last week?
Yes they have had some issues with filing financails, but there are facts being ignored that point to this not being a scam.
03/29/10 Only A Barbarian Would Expect A Greenwich Resident To Live In Detroit
Wall Street Journal
.....Michael Carpenter, chief of GMAC Financial Services, also in the Motor City, lives most of the year in Greenwich, Conn., and prefers to work in New York. .....
==================================
Please send your comments, news tips and press releases to GreenwichRoundup@gmail.com
03/29/10 Hearst Newspaper Investigative Reporter Teri Buhl Was Bringing Respect And Web Traffic To The Greenwich Time, Until David McCumber Fired Her
Another viewpoint on Stevie Cohen
For What It's Worth
What the NY Mag story didn’t tell you about Stevie Cohen v. Mrs-Ex SAC
By Teri Buhl
Today we learned that the secretive hedge fund manager from Greenwich, Stevie Cohen of SAC Capital, whose trading prowess is legendary, is not so good at managing his family life. According to a New York Magazine article, he plays an underhanded game of mental abuse to control the people in his family. Steve Fishman’s two month investigation into the lives of Steven (the billionaire hedgie), Alex (current wife), and Patricia (ex-wife) Cohen gives us an on the record account of the domestic financial battles of the Cohens over the last twenty years. Unfortunately, the New York Magazine story left out some very important facts in their tale of all things Cohen that we know were discovered in their research and not reported.
At the heart of this story are the dollars paid to Patricia for child support and household expenses for the children as part of her divorce settlement. We found the explanations of these numbers, as reported in New York Magazine, are not what they appear to be. First of all let’s be clear: it’s the current wife Alex who reigns over monitoring the payments to Stevie’s ex-wife Patricia and signs the check. A move Alex relishes and lords over like the mad Queen in Alice In Wonderland, because according to Patricia, reimbursement payments were often challenged as unnecessary or not related to the children.
Take a look at this example in Fishman’s story:
In 2001, Alex wrote checks to Patricia totaling $576,950, though the average annual payment, including child support and all other expenses, was closer to $400,000 while her kids were at home, according to documents. Of course, however generous the sum, it was no hardship for Steve. In 2001, Steve earned $428 million, according to Institutional Investor.
That sounds like a lot in a year and makes you question what Patricia has to complain about. Except according to documents seen by this reporter, that sum also included a $200,000 loan that Alex and Stevie had given Patricia with 7% interest with a 12% late fee penalty. Patricia ended up paying back the loan within months and Steve and Alex made $13,000 on interest. Also the $576k sum included household and kids expense for 2-3 years, not just one. Patricia’s attorney told this reporter that on average Patricia was only reimbursed around $125,000 a year for expenses she had already had to spend on the children including college tuition, room, and board, which otherwise not be paid on time by Alex and Stevie.
Patricia told this reporter, “I have never once, submitted a reimbursement request for any expense that was either explicitly stated as Steve’s obligation per the terms of our agreement that address child support, or an expense that fell outside of those outlines, that Steve did not specifically approve in advance of the expenditure.”
The worst part is according to Patricia’s current lawyer, Gaytri Kachroo, principal at Kachroo Legal Services P.C., these facts and loan documents were presented to Fishman for his story but clearly were left out. This makes us seriously question what other facts Alex and Steve manage to massage in the story.
Kachroo told this reporter, “We reluctantly agreed to respond to questions in the New York Magazine story around the children’s expenses as they are irrelevant to Paricia’s divorce settlement. But we did provide documented evidence so that the issues that arose concerning reimbursements where accurately detailed. However I see very little evidence of the information we supplied.”
When we asked Fishman, the writer, why factual information was left out of his story he only responded asking what publication I was writing for and did not supply an explanation. Fishman did tell Kachroo that parts of the story were cut by the editor because of space –A reason we find journalistically irresponsible. There was a clear effort to write both sides of the story so why leave out those facts?
But that’s not the only missing link New York Magazine chooses not to tell the reader. There is an implied tone that after the divorce, Patricia never even bothered to try and work and earn money for herself. Yet according to Patricia she continued doing real estate deals for the first ten years after her divorce in which she’d buy properties, fix them up and sell them for a profit. Alex Cohen is quoted in Fishman’s story wondering to a friend “Why didn’t she get a job?” Yet Alex knows full well that Patricia did work and also that she’s been plagued with a chronic illness for the last 10 years.
In an interview with Patricia, she described months of hospitalization over problems with her pituitary gland. Her chronic illness affects her thyroid and kidneys, a medical disease that comes without warning and can place her in the hospital for months. According to Patricia’s attorney, Stevie’s divorce settlement covers her health insurance for life but since 2001, her illness has made it difficult for Patricia to work. In fact of the $9,000 monthly payments she gets from Stevie today, only $2,500 is left over for travel to see the kids, for groceries and household expenses she must still supply as the children live with her some of the time, and other health related costs given her illness: $3,500 goes to her son, $1,500 for health insurance, and $1,500 for rent in an apartment Stevie owns. But none of this was explained in the New York Magazine story. According to Patricia, Alex and Stevie even tried to downplay Patricia’s illness when Fishman asked them about it saying ‘Patricia has allergies.”
Now as Patricia is about to re-file her civil RICO suit against Stevie for allegedly fraudulently concealing from her the true value of their marital assets during their divorce, some media reports and commentators label her as a money grubbing ex-wife who keeps going back to the well because she can’t manage money. Others cheer her for standing up to the powerful multi-billionaire who can squash her with legal fees and cut off her only source of funds. When I asked Patricia why Stevie doesn’t just settle with her and avoid the public battle, one that’s only added to the suspicion that he’s been avoiding taxes and running insider trades for years she simply answers, “We would probably have to start to talk for that to happen.”.......
PLEASE SEE:
New York Magazine’s ‘Divorced, Never Separated’
PLEASE ALSO SEE:
03/29/10 Hearst Newspaper President Steven Swartz Is A Sleep At The Switch As Out Of Town Media Outlets Cover The Greenwich Hedge Fund Industry
MORE INFORMATION:
Connecticut Reporter's Firing Draws Scrutiny
After firing reporter and blogger Teri Buhl, the Greenwich Time -- a Hearst newspaper in suburban Connecticut -- has come under fire from several sources, mostly fellow bloggers and reporters, who claimed her dismissal might have been retribution for reporting on some higher-end subjects.
Felix Salmon, a Reuters reporter who blogged about the incident, claims Buhl was let go for angering Fox Business Channel biggie Charles Gasparino and Trader Monthly Publisher Randall Lane: "What's worse, the reporter in question, Teri Buhl, hasn't just been fired from her job at Greenwich Time, a Hearst newspaper in Connecticut; her entire archive of blog entries there has disappeared, leaving only a message saying 'This blog has been archived or suspended'. It's as though Hearst wanted not only to fire her, but to make it seem as though they'd never hired her - although there is still an archive of stories she wrote for the newspaper itself." ......
==================================
03/29/10 Oz Griebel is now following you on Twitter!
Oz Griebel (OzGriebel) is now following Greenwich Roundup's tweets on Twitter.A little information about Oz Griebel:
|
03/29/10 The Raw Greenwich News Feed: Afternoon Edition
Greenwich In The News
Alliance Francaise of Greenwich Spring Class Registration is today Greenwich Post "Spring forward…" with the Alliance Francaise and sign up for our Spring Session on Monday, March 29. Refresh your conversational skills, take an immersion ... |
Himes holds health care Q&A on Thursday Weston Forum Congressman Jim Himes (D-4th) will hold question-and-answer sessions with seniors in Westport and Greenwich on Thursday, April 1, to discuss the health care ... |
Battered Plainfield To Start Anew After Redemptions, Move FINalternatives The smaller Plainfield is also giving up its prime office space in Greenwich, Conn., moving the whole firm to its disaster-recovery offices up the road in ... |
Lightower Expands To Tony Burbs Worcester Business Journal The Southern Connecticut expansion will include Greenwich, Stamford and neighboring towns. Lightower customers in those areas will be able to make fiber ... |
Wigs needed for cancer patients Norwalk Plus Magazine Evangeline Karayanis of Greenwich, a cancer survivor and CancerCare of Connecticut volunteer, speaks with firsthand knowledge of what wigs mean to cancer ... |
Stamford's Engineering Department to see sharp rise in workload Stamford Advocate In Greenwich, which will have seven engineering employees, each engineering staff member will review on average about $4 million in projects. ... |
Greenwich In The Blogosphere
Extended School Year Approved in Stamford and Greenwich - Teacher Talk... By Charles Costello In Greenwich, the Board of Education approved a plan to hold the final day of classes for all but one public school on June 29, pushing the original calendar back five days. The last day for teachers will be June 30. ... Teacher Talk - http://blog.ctnews.com/teachertalk/ |
How Thin Can Greenwich Time Get? – Our Greenwich By franktrotta With the current cover price at $1, today's Greenwich Time costs a nickel a page! (Only twenty pages of ads, comics, classifies, sport, and some news.) I'd bet famed Greenwich Time columnist and resident historian, Bernie Yudain, ... Our Greenwich - http://ourgreenwich.com/ |
Obituaries – March 5, 2010 (Greenwich Citizen) ... Roberta Rodney Buscher, former Greenwich resident of New Canaan, died on Feb. 14, 2010 with her children by her side. Known simply as Grammie to many, she was born in New Brunswick , NJ and was the youngest daughter of Edward and ... Bronx, New York LocalSpur - News,... - http://bronx.localspur.com/ |
A Walk Through the Historic Parks of Greenwich: Byram Park ... Greenwich Blog :: The Blog of... - http://greenwichblog.com/ |
Recently Updated Web Pages About Greenwich
Greenwich Town Departments - Public Works
|
HYPER LOCAL BLOGGING |
The Raw Greenwich Blog And RSS Feed |
Bloggers Who Are From, Work In Or Used To Live In Greenwich |
Greenwich Blog : The Blog of Greenwich, Connecticut :: USA Anyone for Tennis? - Press Release from The Department of Parks and Rec: The Department of Parks and Recreation announces that all Town of Greenwich Tennis courts are open for ... For What It's Worth By Riverside Blogger Chris Fountain Tax the rich, don’t touch Social Security spending and don’t tax me! - The economic illiteracy of our citizenry continues unabated. "Greenwich, Conn" - Google News Battered Plainfield To Start Anew After Redemptions, Move - FINalternatives - *Battered Plainfield To Start Anew After Redemptions, Move* *FINalternatives* The smaller Plainfield is also giving up its prime office space in *Greenwich,... Former Greenwich Resident Rosie O'Donnell"s RBlog AskRo - Debra writes: In your opinion, the greatest star??? streisand Getting involved in Greenwich - By Byram Neighborhood Association Member John Bowman Drew: You Don’t Always Win - Drew Marzullo is frustrated that the BET can cut funds from Greenwich’s budget even though he and the other Selectmen want them appropriated.... Greenwich Post News Feed Alliance Francaise of Greenwich Spring Class Registration is today - Greenwich Post - *Alliance Francaise of Greenwich Spring Class Registration is today* *Greenwich Post* *...* Zehouani at 203-629 2301 or just stop by and learn more about ... Jane Genova: Speechwriter - Ghostwriter The "i" applications have it - The game has shifted from the battle between old and new media to which has the best-configured "i" application. Ham-handed approaches to that could end that... Topix - Greenwich News RSS Feed Gofer churns up success - Jay Ragusa, founder of Gofer Ice Cream, is setting up a new shop at 1241 Post Rd. The Daily Spurgeon A Dependable Savior - We depend upon the Lord Jesus as God and as man. As God, he must be able to perform every promise, and to achieve every covenant engagement. We lean upon... Greg Skidmore has the most Followers on Twitter in Greenwich, CT gregskidmore: Just commented on: "High Conviction: An Underpriced Commercial REIT" http://soc.li/UE9sSbF - Inside Greenwich Real Estate Greenwich Real Estate News - Owner Financing - With the economy the way it is and money being tight for everyone, it has become more of a buyer’s market out there. However, when you find the home you ... |
03/29/10 CTECA is now following Greenwich Roundup on Twitter!
CTECA (CTECA) is now following Greenwich Roundup's tweets on Twitter.A little information about CTECA: |
03/29/10 Thanks Obama! New stimulus-funded buses coming to Greenwich
The buses can carry up to 62 passengers, compared with 44 on the older buses, which date to 1996.
The buses should reduce overcrowding during morning and evening rush.
The buses are part of a fleet of more than 135 new buses purchased with a $70 million chunk of the state's federal transit stimulus funds.
Govorner Jody Rell seemed to support the Aministration's stimulus package when she was quoted saying,"Connecticut is taking full advantage of the stimulus to get our economy on the move."
==================================
Please send your comments, news tips and press releases to GreenwichRoundup@gmail.com
03/29/10 Mitt Romney Endorses Tom Foley for Governor
|
03/29/10 The Greenwich First Selectman Report
News Reports About Greenwich First Selectman Peter Tesei
Storm warning; Town braces for flooding Greenwich Time First Selectmen Peter Tesei said Sunday. Tesei said the scale of the flooding is unknown, but according to the National Weather Service, the town could be ... |
Marzullo seeks expanded powers for selectmen to override BET cut ... Greenwich Time Theis and First Selectman Peter Tesei, both Republicans, appear to have Marzullo's back on the issue, however. "It seems entirely appropriate that we should ... |
Greenwich First Selectman Peter Tesei In The Blogosphere
Drew: You Don't Always Win - Getting involved in Greenwich ... By John Bowman Peter Tesei didn't come by (as far as I know) even though he was certainly aware of the protest and discussed it with me at length. (I'm not suggesting either should have been there.) I'll tell you who did stop by, without being asked, ... Getting involved in Greenwich - http://blog.ctnews.com/bowman/ |
A Recently Updated Web Page About Greenwich First Selectman Peter Tesei
03/27/10 The Greenwich First Selectman Report - UPI Connecticut ... Greenwich First Selectman Peter Tesei In The Blogosphere 4 New Greenwich Police Captains Our Greenwich By johnferrisrobben Four new Greenwich Police were ... http://www.upi.com/Top_News/Local/2010/03/29/032710-The-Greenwich-First-Selectman-Report/51-0cb81795d7 |
03/29/10 Tickbot Trading, LLC is now following Greenwich Roundup on Twitter!
Tickbot Trading, LLC (Tickbot) is now following your tweets on Twitter.A little information about Tickbot Trading, LLC:
|
03/29/10 Greenwich Public School Activities After 5:00PM Today are Canceled
weather conditions.
Kim Eves
Director of Communications
Greenwich Board of Education
290 Greenwich Avenue
Greenwich, CT 06830
Phone: 203-625-7415
e mail: kim_eves@greenwich.k12.ct.us
Fax: 203-869-8003
==================================
Please send your comments, news tips and press releases to GreenwichRoundup@gmail.com
03/29/10 MEDIA ALERT: China Visit at Parkway School
1.Welcome Assembly (with Dr. Freund and also Parkway 4th-grade
Chinese-American student who will offer "welcome" in Chinese)
Monday, March 29, 10:30 - 11 AM
2. Family Writing Night,
Wednesday, March 31, 5:15 PM
(Guest author MaryAnn Hoberman).
3. Chinese students and teachers in classes, sharing Chinese culture;
Monday, April 5: 9 - 11 AM
The message for our children is that, although we live halfway around the
world from these other children, we share many similarities in our lives,
our families, and our dreams. We need to learn from each other different
ways of living our lives, as well, and learn to be flexible and accepting
of other people. The world of the 21st century gets smaller all the time
with advances in technology and communication, and our students need to
become active members of this multicultural world community.
Just two years ago, we hosted a performing arts troop of students from
Beijing University Primary School, so our students are excited about
meeting new Chinese friends!
Contact: Margot Bittenbender:
Kim Eves
Director of Communications
Greenwich Board of Education
290 Greenwich Avenue
Greenwich, CT 06830
Phone: 203-625-7415
e mail: kim_eves@greenwich.k12.ct.us
Fax: 203-869-8003
==================================
Please send your press releases, news tips and comments to GreenwichRoundup@gmail.com
03/29/10 Hearst Newspaper President Steven Swartz Is A Sleep At The Switch As Out Of Town Media Outlets Cover The Greenwich Hedge Fund Industry
Now That Greenwich Time Editor David McCumber Has Fired Investigative Reporter Teri Buhl, Town Residents Must Once Again Get Their Business News From Out Of Town News Organizations.
Will Faux News Reporter Charlie "Douche Bag" Gasparino Come To Town And Scoop The Greenwich Time Now That He Got David McCumber To Fire Teri Buhl?
But Wait A Minute, Charlie Gasparino Was Reporting On Greenwich Resident Dick Fuld Last Thursday !!!!
In Fact, The Douch Bag Is Soon Going To Get An Award At The Greench Hyatt Regency In Old Greenwich.
It Is Rumored That Charlie Gasparino Is Going To Make A Side Trip The Greenwich Time Office In Riverside And Personally Thank David McCumber For Eliminating His Competition.
It Looks Like Greenwich Time Business Editor Jim Zebora Missed Yet Another Local Hedge Fund Story ....
Paulson's $32 Billion Funds Prompt Too-Big-to-Succeed Concerns
BusinessWeek
John Paulson started the year overseeing $32 billion in hedge funds, third in the world behind JPMorgan Chase & Co. and Bridgewater Associates LP. Unlike many of his biggest rivals, he’s taking in new cash, raising the question of how much money is too much for a hedge-fund manager.....
.....“There is a point where you can be too big to generate returns,” said Lawrence P. Chiarello, a partner at Red Bank, New Jersey-based SkyView Investment Advisors LLC, which selects hedge funds for clients. “Being large and able to build a strong infrastructure are good things, but in general I think the pendulum has swung too far.”
The size at which a fund may become too big depends on factors such as its investment strategy and the markets in which it trades.....
... Paul Jones’s Tudor Investment Corp. has stopped taking money into its $9.5 billion BVI Global Fund Ltd. Jones also returned some of 2009 profits in the Greenwich, Connecticut- based fund to clients this year as another way to cap returns.
Chris Shumway, who runs Greenwich, Connecticut-based Shumway Capital Partners LLC, a stock hedge fund, isn’t accepting more money after reaching $8 billion. New York-based King Street Capital Management LP, a credit fund, told investors it would “moderate” growth now that it has more than $20 billion, according to a letter sent to investors. ...
The Hearst Newspaper In Houston Is All Over The Local Oil Indusry
Still, there are plenty of clues to Hearst's strategy for its newspapers, and all appear to point in the same direction: Boost profit by eliminating the competition and controlling the market.
That's the pattern that emerges from federal and private investigations of its operations in other cities.
In San Antonio, for example, Hearst quietly cut a deal in 1992 to purchase Rupert Murdoch's San Antonio Express-News for $185 million. Three months later, it shut its own paper, the San Antonio Light, firing the Light's 650 employees.
A year later, Hearst boosted the News-Express daily ad rate by 41 percent and its Sunday rate by 50 percent, according to Editor & Publisher Yearbook, an industry publication.
In Houston, Hearst secretly negotiated the $120 million purchase of the Houston Post's assets in late 1994. Without disclosing the Hearst deal, Post owner William Dean Singleton then publicly announced he was conducting a search for a buyer. Six months later, he shut the Post, saying no buyer could be found, and said the paper's assets were being sold to Hearst, which owned the competing Houston Chronicle. Hearst raised the Chronicle's daily and Sunday ad rate the next year by 62 percent, according to E&P.
In San Francisco, Hearst bought the San Francisco Chronicle for $600 million in 2000, then paid a local publisher $66 million to take Hearst's flagship paper, the Examiner, and essentially gut it.In 2003, E&P said, ad rates at the Chronicle had risen by 11 percent.
Hearst's competitive tactics have touched off several Justice Department investigations into its newspaper operations around the country. So far, none has accused the company of any wrongdoing.
In 2000, a federal judge in San Francisco criticized Hearst's efforts to close the Examiner but said evidence showed the paper was "a failing company" and could be shut under federal antitrust laws.
03/29/10 Jews prepare for Passover And Other Greenwich News Stories At Topix
Jane Aronson, 7th grade teacher and past director of education at the Greenwich Reformed Synagogue Hebrew School, plays the pharoh, fighting with Rabbi Andrew Sklarz as Moses, in the reenactment of the Jews' exodus from Egypt, on Sunday, March 28, 2010.
The Greenwich Department Of Social Services Is A Helping Hand To Many In Town
The recent severe storms have caused loss of conveniences and even disastrous events in most of our lives over the past several days. Loss of a life and extensive property damage, injuries, blocked roads, loss of electricity and heat, cold showers, shortages in some basic needs and general overall discomfort.
Now consider this and worse as a way of living for yourself. Many of our fellow Greenwich Citizens live in the wake of a true disaster each and every day of the year!
Among us are the homeless, the hungry, the unemployed, the mentally ill, the financially stressed seniors, disabled and low income people. They make up more than 16% or well over 10,000 of our fellow citizens. The recent storm was only an inconvenience to most of us. The ongoing devastation is what our least fortunate citizens experience throughout the year.
Recently The BET Budget Committee reviewed and ratified next year’s town budget. Our Social Services Department budget was decreased
2 ½ times more than any other department’s. Can you visualize the additional devastation this will have on the lives of our less fortunate.
• More than 3,900 Greenwich residents are officially unemployed (more are not recorded)
• The local homeless shelter has experienced a 21% increase in demand and is either at or beyond capacity
• The local food pantry has seen an increase of 50% in demand for food
• The average non-profit in Greenwich has seen a 20% drop in their fundraising
Social Services is the Department that addresses the most urgent needs of this suffering population. It seems counterintuitive to slash their budget by 5.78% from last year’s funding, but that is exactly what has happened. (Note: Social Service makes up less than 1% of the Town’s overall Operating Budget.)
If that isn’t enough reason to fully fund Social Services, please consider the fact Social Services has seen a 21% increase in caseloads is forced to radically triage incoming clients and the new budget calls for a further 11% reduction in permanent staff. The Social Service Staff has already decreased by 25% over the past few years. As staff size has decreased — so has service and help for those most needing it.
The hardworking, dedicated Social Service Workers can truly be life savers. I know from personal experience. A few years ago, I went from being a well-paid corporate communications designer to an indigent alcoholic bipolar after neurosurgery to remove a brain tumor. I cycled between emergency rooms, psych wards or jail for suicidal thoughts, severe depression, trespassing, disturbing the peace/drunkenness and back due child support.
A Greenwich Social Services Caseworker helped me find psychiatric services, addiction services, temporary shelter, permanent shelter, moral support and gave me wise counsel. If it wasn’t for them, I don’t believe I would be alive today.
Now I am able to pay back to society instead of just being a burden. I volunteer for Hurricane Relief Work, Habitat for Humanity, City Harvest, Neighbor to Neighbor (Food Pantry) and am actively involved in the many community service projects through my church.
Now is not the time to further weaken the safety net for our most vulnerable brothers and sisters. Greenwich Social Services Staff and its budget needs your advocacy. Our less fortunate and our vulnerable citizens can ill afford a further cut in services.
Please find the time to contact the Greenwich BET and ask them to reinstate the Social Services Funding and Staff to the full requested amount by the First Selectman and Social Services Department. Let’s make this a livable community for all our citizen including the less fortunate who suffer from a devastation you never want to experience.
Sincerely
Tim Bassford
Greenwich Citizen and Community Volunteer
Corcerned Greenwich Residents Can Call Thier BET Members At The Following Phone Numbers:
Nancy E. Barton - 203-637-2343
James S. Campbell - 203-561-1184
William R. Finger - 203-629-9170
Randall Huffman - 203-869-6356
William G. Kelly - 203-698-2046
Michael S. Mason - 203-869-8052
Arthur D. Norton - 203-532-0513
Joseph L. Pellegrino - 203-661-1889
Jeffrey S. Ramer - 203-637-1666
Laurence B. Simon - 203-661-0633
Leslie L. Tarkington - 203-661-0535
Stephen G. Walko - 203-912-9699
Comment?
Anthony Macleod, chairman of the Greenwich Flood and Erosion Control Board , told the audience at the Darien Public Library Saturday that his town has identified 41 flood-prone areas.