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Monday, December 15, 2008

12/15/08 Paul Tudor Jones Wants To Get Back To Basics - How About Giving Ivesdtors Their Money When They Request It.

Inestors Are Saying, "Paul Tudor Jones, Show Me The Money."



Paul Tudor Jones Concedes Errors With Bacon, Griffin in Strategy Shakeout

Bloomberg.com

In the close-knit hedge fund community, where confessions of a mistake are rare, billionaires Louis Bacon, Kenneth Griffin and Paul Tudor Jones are retreating from borrowed-money bets, private equity and emerging market debt and championing more transparent stocks, bonds and currencies.

The three trading prodigies, who have earned annualized returns of more than 20 percent in careers of two decades or more, say they aren’t about to lose the cachet that prevented them from ever being compared to ordinary investors.....

... While record redemptions have helped shrink hedge funds by an estimated 45 percent to $1.1 trillion in the worst year for the industry since 1990, Jones, 54, insists in a Nov. 28 letter to clients that his change of tactics is a necessary adjustment to a period when the leveraged betting is no longer viable.

“Those of you who have visited recently have heard me refer to this return to our roots as back to the future,” he wrote, referring to the macro style of trading stock indexes, bonds, currencies and commodities that he relied on when he began Greenwich, Connecticut-based Tudor Investment Corp. in 1984 at the age of 30. Since starting the BVI Global Fund two years later, he’s more than doubled the average annual return of the Standard & Poor’s 500 Index. ...

More About Greenwich's Non-Refundable Billionaire

12/12/08 You've Got To Believe That You Are Going To Get Your Money Back

12/02/08 No Wonder That Greenwich Billionaire Paul Tudor Jones Didn't Lift A Finger To Help The Glenville Students In The Stop And Shop Parking Lot


08/09/08 A Paul Tudor Jones Shake Up Will Helps Clean Up Some Balance Sheets

08/04/08 A New School And One Laptop Per Child - Glenville PTA Leaders Should Go Up To 1275 King Street And Invite Paul Tudor Jones On A Fishing Trip


07/13/08 Tudor Investments. Founded by Paul Tudor Jones II, the fund was one of the biggest winners in the Black Monday market crash of 1987
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12/15/08 VIDEO: Pyramid schemer Super rich Bernard Madoff Funded the Democrat left with stolen money

Just When You Thought The Madoff Scandal
Could Not Get Any Worse
Local And National Right Wing Nuts
Want To Blame Madoff On Democrats.
I Over Heard A Rumor At Town Hall That Said Madoff's PAC Contributions Might Have Funded Political Commercials
For President Elect Obama
And Greenwich Resident And Senator Elect Jim Himes.
However, I Have Seen Nothing In Print To Confirm This.
It Appears That Local Republican's Are Still A Bit Jealous Of The Out Of State Support Jim Himes Received From Out Of State.

Right winger's are asking, Bernard Madoff:
Where did the money go?
Right winger's are saying that pyramid scheme run by Bernard Madoff has funded the Democrat left for some years,
Right winger's want you to please write to congress and force them to repay the stolen funds!
Greenwich Fairfield And Other Madoff Victims Can Use The Help.

=========================================================

Please Send Your Comments To: GreenwichRoundup@gmail.com

Right Wing Nut Michael Savage Talks About Bernard Madoff, Haitian Toilets, Blago, & Sluts of Hollywood

12/15/08 Is it possible to teach an old school editors at the Greenwich Citizen, Greenwich Post and the Greenwich Time a few new tricks?


Are Greenwich's Failed Mainstream Newspapers Going To Get Screwed Over By Local Bloggers And Citizen Journalists?

Does Greenwich's two free so-called newspapers and the daily local rag provide any value what-so-ever that can't be replaced by real citizen journalists?

Can Greenwich's fired traditional editors and reporters at "Our Greenwich" really become real citizen journalists like Bill Clark and Chris Fountain?

Why does Greenwich Time managing editor Jim Zorba always play to Hearst Newspaper's multitude of weaknesses.

Clueless Greenwich Time editors need to understand that quality matters and they are not delivering what town residents want.

The Greenwich Time editors are using an old business model that says we will make loads of cash, because we are selling town residents things something they can't easily get elsewhere.

This Greenwich Time strategy worked, back in pre-Internet days. In fact, it did work, which is why the daily newspaper used it.

Even when the Free Weekly newspapers came and gave the Greenwich Time's product away for free, the strategy mostly still worked, because the Greenwich Time delivered daily up to date reports, while the free papers made you wait for a weekly recap of the news.

Once Greenwich residents starting to get their news directly from wire services and foreign papers via the Internet the local rag became an unnecessary middleman.

While the barriers to entry in the local hard-news reporting area are fairly high—there is starting to be some excellent reporting by Greenwich bloggers.

Clueless Greenwich newspaper editors want to define bloggers and citizen journalists as people conducting journalism in their spare time with no institutional.

What the clueless Greenwich newspaper editors are starting to learn is that bloggers are citizen journalists who are often working nearly full-time as reporters with journalistic balls.

Citizen Journalists may not have traditional training, but they are building new institutions in Greenwich that is producing the hard hitting journalism that town residents crave?

For example:

Here at Greenwich Roundup, and at other Greenwich blogs, we are constantly scooping the local newspapers with exclusive or breaking town news stories.

Hard-news reporting—covering the actual facts of all sides of a Greenwich story—remains the "killer app" for our local newspaper.

But clueless Greenwich Time editors like, Jim Zorba are not making proper use of their structural advantages - they constantly publish town press releases with out ever questioning authority.

Greenwich Time editors and reporters are afraid to rock the boat and to let the chips fall where they may. No one reads a Greenwich Time story and goes WOW I CAN'T BELIEVE THIS IS HAPPENING !!!

Greenwich's well paid full-time journalists in supposedly competing newsrooms are not properly covering our town.

If Greenwich's newspapers truly need to start competing for stories - it is essential to their survival.

Greenwich editors need create journalists with the time and resources and experience to dig into the tough questions. We need journalists to work in teams and in competing newsrooms to goad other journalists along. And these journalists need strong institutions that can stand up to people in political or commercial power when they are pissed off at the coverage they receive.

We don't need mainstream Greenwich editors and reporters afraid to investigate police department abuses.

We don't need a video cameras capturing a weapon being fired in Greenwich high school and timid Greenwich reporters who are afraid to fight to bring it too the public.

We don't need a Greenwich reporter get fired, because of real estate agencies complain.

We don't need car ads being placed before the welfare of a 78 year old Greenwich farmer.

We don't need a $75,000 loss at the Greenwich PTA's being swept under the rug as Greenwich reporters and editors look on totally clueless.

Good journalism will invariably antagonize someone in power in Greenwich. If it doesn't, it probably isn't very good journalism.

The Greenwich Citizen, the Greenwich Post and the Greenwich Time need to stop going along to get along with the Greenwich power structure.

Greenwich Roundup and other bloggers are starting to challenge the local mainstream newspapers, taking advantage of clueless editors who are not pushing their reporters to bring hard-news back on the front page.

The crisis in Greenwich mainstream journalism is due to mismanagement of news gathering process by incompetent editors and executives.

Right now, the Greenwich Citizen, the Greenwich Post and the Greenwich Time are still in a much better position overall to cover actual news than citizen journalists.

They've got the infrastructure, but for the most part their reporters lack training, experience and journalistic balls.

Whatever advantages Greenwich newspapers have is constantly eroding day after day as technology shifts in favor of smaller operations, and as citizen journalists gain experience and audience.

Can the Greenwich Citizen, the Greenwich Post and the Greenwich Time change?

They will if their editors and publishers are half as smart as they think they are —which is to say, they probably are not going to change.

Ex-Greenwich Time Editor Joe Pisani truly believes that he is a gifted journalist, while most town residents think that he and the current crop of local editors are knuckleheads.

Ex-Greenwich Time Editor Joe Pisani and the current local editors want to blame strong institutional pressures to gut journalism.

But the fact is it is their own damn fault that Greenwich residents are fleeing the local newspapers.

The Greenwich commercial news system has failed, and so far there is little indication that it is going to be resurrected in the digital world.

Greenwich news papers need to join local bloggers and citizen journalists who are creating a local media system where the rational is to do damn good journalism and only damn good journalism.
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12/15/08 Greenwich resident Walter Noel's Fairfield Greenwich Group Sent Madoff $7.3 BILLION As Funds Earned Fees (Updated)


Take A Tour Of The Train Wreak, Known As The, FFG


Walter Noel's Fairfield Greenwich Group would have collected about $135 million in fees this year for peddling Bernard Madoff's investing acumen to clients from South America, the Middle East and Asia.


The $7.3 billion Fairfield Sentry Fund invested solely with Madoff, taking a cut of 1 percent of assets and 20 percent of gains, which averaged about 11 percent annually in the past 15 years, according to data compiled by Bloomberg


Fairfield Greenwich, which has an office at 2 Soundview Drive in Greenwich, is one of at least 15 hedge-fund firms and private banks, including Tremont Holdings Group Inc. and Banco Santander SA, that earned similar fees for sending customers cash to the 70-year-old money manager.


"It's mind-boggling that people like Tremont and Fairfield Greenwich had been doing this for so long," said Brad Alford, who runs Alpha Capital Management LLC in Atlanta, which helps clients choose hedge funds. "It's the job of these funds of funds to be doing due diligence. That's why they get paid."


Madoff was arrested Dec. 11 after he allegedly confessed to running a giant Ponzi scheme that may have bilked investors of $50 billion. That fraud escaped the notice of Fairfield Greenwich, Tremont and other funds of funds that had at least $17 billion invested with Madoff.


In a Ponzi scheme, returns to early investors are paid with money from later ones, until there isn't enough cash to go around. Madoff's alleged scam unraveled when he received $7 billion in redemption requests that he couldn't meet.Hedge-fund investment adviser Aksia LLC said the managers should have seen red flags, such as Madoff's use of a little-known, three-person auditing firm.


Hedge funds that have disclosed holdings with Madoff were due at least $290 million in fees this year, based on reported assets, fees and Bloomberg data. The calculations don't include fees of as much as 5 percent that clients paid for some funds when they first invested. Madoff didn't assess fees for his money-management services, getting paid instead through commissions from his brokerage business for trading the stocks in the accounts.


Fairfield Greenwich is the biggest loser to emerge so far from the Madoff scandal. It had more than half its $14.1 billion in assets with him, according to a company statement


"We are shocked and appalled by the news," said founding partner Jeffrey Tucker in a Dec. 12 statement. Tucker was an attorney in the enforcement division of the U.S. Securities and Exchange Commission before starting Fairfield Greenwich with Noel in 1983. Thomas Mulligan, a spokesman for Fairfield Greenwich, declined to comment.


Noel built a marketing machine that covered the globe. His son-in-law, Yanko Della Schiava, is based in Lugano, Switzerland, and is responsible for selling Fairfield Greenwich funds in Southern Europe, according to the firm's Web site.


Another son-in-law, Andres Piedrahita, is head of Fairfield Greenwich's European and Latin American businesses and is based in London and Madrid. A third son-in-law, Philip Toub, markets the group's funds in Brazil and the Middle East.


Three months ago, the firm acquired Banque Benedict Hentsch, a deal that the Swiss private bank is trying to reverse, according to a report in the Geneva newspaper Le Temps.


Banque Benedict Hentsch, a Swiss private bank, said it has bought back its entire capital and ended a partnership with Fairfield Greenwich Group following the massive securities fraud by Madoff.


Tremont, founded by Sandra Manzke in 1985, also was an early Madoff investor. The Rye, N.Y.-based firm, a unit of Massachusetts Mutual Life Insurance Co.'s OppenheimerFunds Inc., has yet to disclose how much money it had invested with Madoff.


It sold Madoff-managed investments since 1997 under the Rye Select Broad Market name, charging 2 percent of assets, according to a marketing document. Monteith Illingworth, a spokesman for the firm, declined to comment.


Manzke now runs Darien-based MAXAM Capital Management LLC, which marketed a $280 million fund that was invested solely with Madoff. Manzke told the Wall Street Journal she was wiped out. Manzke didn't return calls or e- mails.


Worldwide Web


Investors ensnared by Madoff include Fred Wilpon, the owner of the New York Mets baseball team, clients of private bankers in Geneva, wealthy Jewish families in New York and Palm Beach, Florida, and institutions including BNP Paribas SA in Paris that loaned investors money to increase their bets. Losses have been reported by a pension fund in Fairfield, New York hospitals and a charity in Salem, Mass.


While Madoff didn't run a hedge fund, his alleged crime may accelerate investor defections from the $1.5 trillion industry, already hit by its worst losses since at least 1990 and redemptions that may reach $400 billion this year, according to estimates by Morgan Stanley.


In the Middle


Funds of hedge funds such as Fairfield Greenwich act as middlemen, raising money from investors and farming it out to other managers that they vet. The go-betweens manage 44 percent of hedge-fund assets, according to data compiled by Hedge Fund Research Inc. Their investments lost 19 percent on average through November, a little more than a percentage point more than single-manager funds, the Chicago-based firm says.


Institutions including New York State's $154 billion retirement system and the endowment of Baylor University have been cutting back their investments in funds of funds to save the extra layer of fees generally 1 percent of assets and 10 percent of profits that they charge on top of the underlying managers take.


Last year, for the first time, more than half of the hedge-fund assets of the 200 largest U.S. pension plans were invested directly with individual managers, according to data compiled by Pensions & Investments magazine. Funds of funds say they earn their fees by discovering the best managers and assembling a diversified group of investments. They also are supposed to conduct ongoing due diligence to avoid frauds or other dangers, such as managers straying from their core investment strategy.


Swiss Connection


Another Madoff investor is London-based FIM Ltd., whose Kingate Europe and Kingate Global funds had about $3.5 billion in assets as of the end of November, according to reports sent to clients. The firm, run by Carlo Grosso, marketed the funds to many wealthy Italian families. Kingate collected a 5 percent fee to get into the funds and a management fee of 1.5 percent of assets.


Access International Advisors LLC, a New York-based investment firm, charged a 5 percent fee up front, a 0.8 percent management fee and a 16 percent performance fee on its LUXALPHA SICAV-American Selection fund, according to Bloomberg data.


Spain's largest bank, Banco Santander, said its clients invested with Madoff through its Optimal Strategic U.S. Equity fund. Those investors paid 2.15 percent of assets in fees.


Swiss private banks also sent money to Madoff. Union Bancaire Privee, the largest investor in hedge funds, had a managed account called M-Invest that was a direct conduit into Madoff, people familiar with the situation said. Benbassat & Cie, another Swiss bank, had $935 million invested in Madoff on behalf of clients, according to Le Temps.


Warning Signs


When Aksia researched Madoff last year, it learned the firm's books were audited by accountants Friehling & Horowitz, operating out of a 13-by-18 foot location in an office park in New York City's northern suburbs. One partner, in his late 70s, lives in Florida. The other employees are a secretary, and one active accountant, Aksia said.


"Other details that made Askia nervous included the high degree of secrecy surrounding the trading of the feeder fund accounts, which provided capital to Madoff Securities, and its use of a trading strategy that appeared remarkably simple, yet could not be nearly replicated by our quant analyst," Aksia wrote in a Dec. 11 letter to its clients.


Source: Bloomberg.com News


MORE ON WALTER NOEL:


Walter Noel, a Founding Partner of Fairfield Greenwich Group in 1983, continues with his long-time partners, Jeffrey Tucker and Andres Piedrahita, to oversee all of the firm's activities. He is a member of FGG's Board of Directors, serves as a Director for many FGG funds and management company entities, and has focused on marketing and the client side of the business.


Prior to FGG, he was a Senior Vice President for seven years at Chemical Bank where he headed the International Private Banking Department. He worked as a Vice President in a similar area at Citibank from 1974 to 1977. He began his international private banking career as President from 1972 to 1974 of Bahag Banking, Lausanne, Switzerland.


Earlier, for twelve years, Mr. Noel was a consultant in the Management Services Division of Arthur D. Little, Inc. He received a Bachelor of Arts degree from Vanderbilt University in 1952, a Master of Arts in Economics from the Harvard Graduate School in 1953, and an LL.B from the Harvard Law School in 1959. He is based in the Greenwich office.



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12/15/08 U.S. Supreme Court Tells Greenwich Resident: "Forget About It"


You Wont Read This On The Greenwich Time's

So-Called "News Website"



SF Gate

... to Barack Obama's eligibility to serve as president because of his citizenship. The appeal by Cort Wrotnowski of Greenwich, Conn., was denied Monday without comment. Wrotnowski argued that Obama was a British subject at birth and therefore cannot ...


PLEASE SEE:




UPDATE:
BEHIND THE TIMES;
THE GRENWICH TIME FINALY DECIDES TO
COVER A STORY THAT
GREENWICH DIVA AND GREENWICH ROUNDUP
HAVE BEEN COVERING FOR DAYS
U.S. Supreme Court rejects Greenwich man's Obama challenge

Legal challenge questions Obama's citizenship

Wire report

The Associated Press


Posted: 12/15/2008 06:06:30 PM EST


WASHINGTON - The Supreme Court has turned down another challenge to Barack Obama's eligibility to serve as president because of his citizenship.

The appeal by Cort Wrotnowski of Greenwich, Conn., was denied Monday without comment.
Wrotnowski argued that Obama was a British subject at birth and therefore cannot meet the requirement for becoming president.

He wanted the high court to halt presidential electors from meeting to formally elect Obama as president......

....Hawaii Health Department Director Dr. Chiyome Fukino and the state's registrar of vital statistics, Alvin Onaka, say they checked health department records and have determined there's no doubt Obama was born in Hawaii.

The nonpartisan Web site Factcheck.org examined the original document and said it does have a raised seal and the usual evidence of a genuine document.

In addition, Factcheck.org reproduced an announcement of Obama's birth, including his parents' address in Honolulu, that was published in the Honolulu Advertiser on Aug. 13, 1961

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12/15/08 Greenwich Time News Links For Monday (Updated)


Nola Taylor, dressed as Sarah Bush,


adjusts candles at the Bush-Holley House candle light open house.


(Helen Neafsey/Greenwich Time photo)



Families celebrate season at Bush-Holley


Dozens of residents celebrated the holiday seasons Sunday with a history lesson. Families got to take interactive tours of the Bush-Holley Historic Site in Cos Cob, where costumed guides spoke about how the late residents of the historic home celebrated the holidays Sunday evening.


Budget cuts being proposed by the state's school board could wipe out more than $3.4 million in municipal aid to Greenwich, state officials say.

Greenwich Police still waiting for ruling

When the town sought an expedited appeal in the case of a Greenwich police officer who sued after he was not promoted to captain, many thought a speedy decision would soon follow, bringing closure to a case that has frozen the police department's ability to fill several key positions for nearly four years.



It's been repeatedly noted during these tough economic times that declining fuel prices have been the bright spot - though the tough times are largely what caused the recent steep decline. That bright spot last week was focused on the state's Bradley International Airport in Windsor Locks, where overseas commercial flights are being resumed now that jet fuel prices have fallen. That can be good for the state economy in the short and long terms.


Gov. M. Jodi Rell made it official last Tuesday, announcing that Northwest Airlines is going to restore its direct service from Bradley to Amsterdam this coming June. Plans are for five flights a week by 160-seat Boeing 757-200 jets.


State officials said they and western Massachusetts representatives made a strong push for resumption of the service that was halted in October. They had good reason. It was estimated that the service produces tens of millions of dollars in direct and indirect benefits to the region. The convenience it will provide to international travelers is also a major plus, especially since Amsterdam is a busy hub. The service will be operated in cooperation with KLM Royal Dutch Airlines, which provides connections to 81 cities in Europe, the Middle East, Africa and India.


..... Blah .... Blah ..... Blah ..... Blah ..... Blah ..... Blah ...... Blah ..... Blah .......


PLEASE NOTE:


The Greenwich Time Web master could not be bothered with putting up a letter to the editor today. Maybe the Greenwich Time editor did not get any letters all weekend long.


UPDATE:


The Greenwich Time Has Added A Bunch Of New Stories Today:


Greenwich Time Reporters Feel The Heat


Somebody Has Lit A Fire Under A Few

Reporter's Rear Ends


Now You Can Get A Sneak Preview

Of What's Going To Be In

Tomorrow's Greenwich Time


This Is How The Greenwich Time

News Web Site Should Be
Continually Updated Everyday.....



Posted: 12/15/2008 01:28:38 PM EST


No Reporter By Line


Deputy Superintendent of Schools Kathy Greider will step down as the school chief's second-in-command in May to take a position as superintendent of the Farmington school system, district officials said today.


Greider, who was hired in 2007 to serve as deputy to the town's outgoing school's leader, Betty Sternberg, cited a desire to advance in her career and be closer to her family as her chief reasons for leaving Greenwich.


Ellen Flanagan, the district's director of human resources who has spearheaded an effort to implement a retooled teacher-evaluation system, will take the deputy position upon Greider's departure


May 18, 2009.Greider temporarily assumed the superintendent's post for two months over the summer after Sternberg took a medical leave of absence in mid-July to treat an undisclosed health condition.


Greider also helped establish the "breakthrough coaching" program, which teaches principals and their administrative staff how to balance office duties in order to allow principals to spend more time with teachers.


"My time in Greenwich has been extremely rewarding, working with some of the most talented and dedicated professionals in education today," Greider said in a prepared statement.


"I leave Greenwich having gained so much both personally and professionally," she continued, "and hold fond memories of my interactions with the board, staff, students, parents and members of the community."



Debra Friedman / Staff Writer


Posted: 12/15/2008 02:01:26 PM EST


A woman crashed her car into a house on Louden Street in Byram this morning, but escaped without serious injuries, police said.


At about 10:45 a.m., Greenwich police, fire fighters and emergency medical personnel responded to the scene at 2 Louden St. to find a car that had smashed through a house's garage door and into a wall that connected to a basement. The house was located just off the exit 2 ramp on Interstate 95 South, which was closed for approximately 30 minutes during the aftermath of the accident......


.....Police said the driver, who has not been identified, told officers at the scene that her brakes failed. However, Cochran said police were investigating whether she may have pressed the wrong pedal when coming to a stop sign at the end of the off ramp.


The homeowners, who were not home at the time of the accident, were notified by police shortly after the collision and arrived to the scene around noon to assess the damage.



gap widens


By Neil Vigdor / Staff Writer


Posted: 12/14/2008 02:34:07 AM EST


A projected $10.5 million gap in the town budget is widening to proportions that officials have never seen before in what has arguably been Connecticut's most prosperous town.


"We went through how big the problem could be. It's $31 million over the next 18 months," said Roland Gieger, the town's budget director.


Budget officials are predicting an $8.5 million shortfall in revenues from conveyance tax receipts, the sale of building permits and bank interest in the current fiscal year, which has six months to go, and a $6 million shortfall in 2008-09.


That comes on top of the anticipated $10.5 million gap, which has been bandied about since early this fall and has been attributed to rising personnel costs and shrinking revenues.


The architects of the town's projected $364 million budget will also have to make up another $6 million, which they had hoped to have left over in the General Fund balance at the end of the current fiscal year to help pare down the tax rate and pay for unanticipated expenses.


Property owners could face a spike in property taxes in excess of the customary 2 to 4 percent annual increase sought by the town if the gap isn't closed, town officials said.


"It's a significant fiscal challenge and one that requires making difficult decisions, which I'm certainly ready to do. It's a matter of prioritization," First Selectman Peter Tesei said.


In a Nov. 26 memo to municipal department heads and the town's appointing authorities Tesei called for an across-the-board 10 percent minimum reduction in non-salary town expenditures, a clamp-down on employee travel and a hiring freeze for all positions but a few positions in police, fire and other essential areas.


Tesei also wants to limit overtime, saying it should be reserved for when public safety warrants it or a potential liability emerges. All overtime requests are to be vetted by Tesei's office.


"We're looking at everything," Tesei said......



By Neil Vigdor / Staff Writer


Posted: 12/13/2008 02:37:35 AM EST


The words bargain and Greenwich don't often go together.


But when it comes to how much commuters are charged to park in municipal railroad lots, some bureaucrats argue that the town is short-changing itself.


An analysis by the town's parking services department shows that Stamford, Norwalk, Bridgeport, New Haven and Port Chester, N.Y., all charge more than Greenwich on an annual basis for railroad parking.


The city of Stamford charges a yearly rate of $1,008, more than double the cost of the most expensive permit available in Greenwich - $465 at Greenwich Plaza - which some elected officials said explains why there are lengthy waiting lists for spaces in town.


The rates would go up by 5 percent next year under a proposal by town Parking Services Director Allen Corry, who recently told the Board of Selectmen that he was sensitive to residents feeling the pinch of the current recession and didn't want to pass on too big of an increase.


But Selectman Peter Crumbine, who has often argued that the town charges below-market value for coveted amenities such as parking spaces and boat slips, wasn't as sympathetic.


"The economy affects the town, too," Crumbine said at Thursday's selectmen's meeting. "What's going on here?"


Crumbine made a counterproposal of a 10 percent hike to the board, which is scheduled to vote on the parking fees Friday at Town Hall.


Leslie Tarkington, a Board of Estimate and Taxation member and permit holder at Greenwich Plaza, where spots are coveted, called on Corry to better publicize the plan and share with selectmen several years of financial data from the railroad parking operation.


During the last four years alone, Tarkington said, the cost of the parking permits has gone up 33 percent. At the same time, she said the garage complex could use improvements, including additional police patrols at night.......


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12/15/08 The Raw Greenwich Blog And RSS Feed


Bloggers Who Are From, Work In Or Used To Live In Greenwich.....

Greenwich Forum
Scenes from Old Greenwich's 10th Annual First Light Festival - ... - 1 Comment, last updated on Sunday Dec 14 by Lulu_and_Lolly

The New And Improved "For What It's Worth" (Wordpress Edition)
Mad Money - Forbes has lots of good stuff on Bernard Madoff’s crimes, including this one. Call me a cynic, but I particularly liked this guess by the author: And now w...

Greenwich News
Veterans Hall of Fame Taps Cos Cob resident Roger G. Paulmeno - Roger G. Paulmeno of Old Greenwich, second from right, was among 10 inductees into the Connecticut Veterans Hall of Fame Tuesday at the State Capitol in ...


EDDIE "Greenwich Native" ROSS
Things to Come - Big City, Little Tree - What a fantastic weekend here in New York, full of great shopping at the flea market with fun, new friends, just in time for the holidays! Speaking of, Jaith...

Jane Genova: Speechwriter - Ghostwriter
Biz has factored in end of the world & oy vey, the Jersey City accent - Demand for my communications services, despite the usual holiday season and the unusual economic downturn, is significantly up. What to figure? My hunch is t...

Greenwich Diva
Senator McCain says, I cannot promise to support Gov. Palin if she runs for president - Looks like the honeymoon is over for Senator McCain and Gov. Palin. On ABC’s “This Week”, when Senator McCain was asked if he would support Gov. Palin if ...

The Blonde Excuse
First Signs of Winter - I know it's not officially winter yet, but it really should be. A little while ago, I went to the beach with some friends to take a walk. As much as I love l...

Frank Trotta's Page At Our Greenwich
The Power of No Power - Early Friday morning, there was a storm-related blackout in and around “the Hub,” as the downtown Cos Cob neighborhood is known locally. “Back country Cos ...

Sunday, December 14, 2008

12/14/08 READER SUBMITTED COMMENTS: Nice Numbers !!!!!!!!!

Greenwich Roundup's Numbers Were Great,
But Now Are Now In Decline


Brian,

I think you are getting some great numbers of people viewing the Greenwich Roundup. For example, news that has to do with our Greenwich community in general, attracts the most visitors.

Let's see, JOE PISANI, is always a hot item. The EX EDITOR of the Greenwich Times, Stamford Advocate, and Norwalk Hour. Every time a lodger makes negative references to his past and current behavior, your numbers skyrocket. I don't know the guy personally, but his reputation is, and has been, pathetic. So are the reputations of his gal-pals: Joy "let me tell you about my suicide attempts", Susie "I can't keep my hands off my former teacher Mr. Pisani", Sarah "I never shut up yet I say absolutely nothing coherent", and COMPANY. I think they should call their web site "OUR SCREWED UP PSYCHOTIC SCENE" and leave the town of Greenwich out of their twisted sense of reality.

I have to admit, I'd love to see some pics of the "gorgeous" super-model Pisani women. Maybe you could do a spread here. You may find the unique male visitors shoot up!!!!

Immoral and deviant stories get unique visitors too. YMCA anti-ramp access, murdering drunks on the run, and kids about to get electrocuted in their classrooms,....if the Roundup didn't provide coverage, no one would know or care. Obviously, many of us in Greenwich CARE A LOT!!!!!!!

Stories of hope enrich the lives of everyone. Farmer Del, Harvest Church, and protecting those who can't themselves....these are heartfelt. They bring the best visitors....the ones who want to help too.

I'm happy and somewhat amused at your "unique visitors".....but I can see quite a pattern developing.

Keep up the good work!!!!

KN
Greenwich



COMMENTS:


Dear KN,

Thank you for the kind words.

It appears that you have been a Greenwich Roundup reader for quite a while. I am impressed with how you have adopted my, "lets put a smart remark" in middle of their name trademark.

Hopefully You Wont Start Using My He Must Be Crazy, Because He Likes Using A Lot Of Capital Letters Signature Trademark.

Or My Let's Play With Font Sizes And The Color Red Signature Trademark.

But feel free to echo the unconventional orthography in my writing. Basically, I consider myself the e e cummings of blogging.

As you know I was shooting for getting over a thousand visitors a day for a week straight, but I was like the Greenwich Time web master, I just couldn't get things up in the morning.

Unfortunately, I ran into a little bad luck and got very behind at work on Friday. Visitors noticed and I my numbers for Saturday crashed bellow 1,000. Yesterday, Greenwich Roundup had 778 visitors and I think today's numbers will probably be worse.

Those numbers come out at 3 am Monday morning.

I saved a lot of drafts of stories, that I will try and get out tonight.

Seeing these numbers makes me think I should of just published my items and then went back a few days later to correct grammar and spelling errors.

Saving stories as drafts, taking a rest and then editing stories before hitting the publish button has cut down on errors, but it has delayed news and hurt numbers somewhat.

Frankly, I am not sure if a photo spread of the of the "gorgeous" super-model Pisani women would have gave me the two hundred some visitors I needed to be over 1,000 on Saturday.

But, this photo spread proves what Pisani, has said all along....

"There are no ugly women".

Desperate women probably so, but ugly no.
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12/14/08 Greenwich Time News Links


An Oompa Loompa hard at work in Hoagland's "Willie Wonka and the Chocolate Factory" window display on Greenwich Avenue. The display won the top prize for originality in the window decorating contest. (Keelin Daly/Greenwich Time photo)



If you think you spend a lot of time untangling Christmas lights, hanging ornaments and making table centerpieces, you've got nothing on these guys.


Town budget
Gulp. A projected $10.5 million gap in the town budget is widening to proportions that officials have never seen before in what has arguably been Connecticut's most prosperous town.


Town hosts many state gay weddings
With its proximity to New York and quiet sophistication, Greenwich is emerging as the apparent state epicenter for gay marriage, one month after it became legal here.

Children confront dinosaurs at Bruce

Rebecca Craig stepped back into the Mesozoic Era Saturday at the Bruce Museum. Some 65 million to 251 million years ago, it was the "Age of the Reptiles" when dinosaurs such as the Tyrannosaurus rex and Triceratops dominated the planet.


For rent: Is office space the final frontier in financial crisis?
As the recession devastates the banking, brokerage, retail and automobile industries, landlords and commercial real estate brokers in lower Fairfield County ponder when and if the office market will be the next victim.


Another bright idea for quick disposal
Garbage collection is back in the news these days after a town official came up with an idea of requiring burghers to bag the stuff (in plastic bags you'd have to go out and buy) in order to put the trash into the collection system.



One of the frustrating things about writing editorials is most of the meaty "outrageous" issues are rarely as simple as they first appear.




As a sixth-grader at Eastern Middle School, I am concerned about the energy being carelessly wasted and the growing pollution around the town.


To improve this, I support the modus operandi of "green building" and modifying homes to be more Earth friendly.


Increasing green homes will have remarkably positive effects.


The town's picturesque parks and landscapes are extremely valuable. The streets are lined with scenic houses and even some historical sites. If we don't put a stop to the constant release of fumes and greenhouse gases, the exquisite reputation of this community may collapse dramatically. Installing more energy-efficient and solar-powered homes will secure a prosperous and efficient status. Also, green homes are becoming quite luxurious, and such additions would be a notable avowal for Greenwich.


Standard houses have negative effects on the environment. Air pollution, water pollution, indoor pollution and stormwater runoff are all harmful to the Earth. Eco-friendly homes are designed for creating a healthy indoor air environment and adequate ventilation in a natural way, and use heavy insulation to reduce rising energy usage within the house.


These houses have very efficient appliances and construction. For instance, there are triple-pane windows, low-energy lighting, ground-source heat pumps, solar panels and de-chlorinating shower filters. These elements together guarantee a healthy lifestyle for the average Greenwich household


An ecological house would be well adapted to the community and very beneficial to the economy. Those houses specialize in carefully making the best of all resources and avoiding waste. By switching to this type of houses, you're helping all parts of the world.


I've lived in Greenwich long enough to appreciate its outstanding reputation. I am certain that expanding the quantity of energy-efficient homes would be extremely advantageous to the economy, households and the dazzling image of Greenwich.


Eco-friendly homes are the way of a cleaner, greener future. So I urge the people of this town to use green building technology when building or renovating their homes.


Thank you for reading my letter.


Gianna DeMasi
Greenwich


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12/13/08 The Raw Greenwich Blog And RSS feed: Bloggers Who Are From, Work In Or Used To Live In Greenwich


THERE IS A LOT OF BUZZ ABOUT MADOFF ON GREENWICH BLOG AND FEEDS


Jane Genova: Speechwriter - Ghostwriter
Madoff - The Musical: "I'm so special" - No question the Bernard Madoff Caper is going to become a musical. The theme song for how so many at such high levels were conned will be: "I'm so special." ...

The New And Improved "For What It's Worth" (Wordpress Edition)
One more odd Bernie Madoff story - From the 1992 Wall Street Journal, an article on a mystery money manager who was somehow beating the Street. That would be Bernard Madoff, of course. Update...

Tribune Company's Greenwich News Feed
Swiss bank says it has $48M of client assets invested with US financier accused of fraud - GENEVA (AP) — A private Swiss bank says it has 56 million Swiss francs ($47.5 million) of client assets invested under the management of U.S. financier Ber...
PLEASE ALSO SEE:


THE RAW GREENWICH BLOG AND RSS FEED CONTINUES.....

Greenwich Forum
Flooding in Cos Cob - Greenwich Time - 1 Comment, last updated on Saturday Dec 13 by lulu



When:* Sunday December 14th, 2008 - All Day Open enrollment begins December 8 for Baby Lapsit for infants up to 12 months with a caregiver. Five-week...


The Perrot Memorial Library Blog
Great New Graphic Novels - Great new graphic novels in Youth Services... click each title to view and place a hold: - *Emiko Superstar*: Emiko is a teenager on a quest to find he...

Greenwich News
Literary Lights Book Festival Sets Greenwich Aglow - Last Friday's "Literary Lunch" attendees included, from left, Greenwich Arts Council member Michele Turk, author and founder of e street press; Jessica B...

The Perrot Memorial Library Blog
Great New Graphic Novels - Great new graphic novels in Youth Services... click each title to view and place a hold: - *Emiko Superstar*: Emiko is a teenager on a quest to find he...


Greenwich Diva
76ers fired coach Maurice Cheeks - From Huffington Post PHILADELPHIA - Maurice Cheeks was fired Saturday as coach of the Philadelphia 76ers, who are slumping at 9-14 a year after making the...
9 hours ago

Exit 55 By Rob "WGCH" Adams - The Sports Voice Of Greenwich
Tune Your Web Browser - If you're near a streaming computer this morning (and really, they all stream), why don't you point your browser here for the big farewell to the 2008 foot...
16 hours ago

John Ferris Robben - T-shirt Philosophy Page At Our Greenwich
http://ourgreenwich.com/johnferrisrobben/2008/12/13/a-round-robben-of-bronxmen-at-innis-arden/ - [image: 1] Tom Casey, Peter Derrick, Bill Twomey, Jack Sauter, Steve Tuers, Mike McGrory, Jim Rush, John Robben [image: 2] Bill Twomey, Steve Tuers, John ...
22 hours ago

EDDIE "Greenwich Native" ROSS
The Ornamental Table - Sometimes, New York feels like the smallest town in America! A couple of months back, when I was still at Martha, I ran into Amy Azzarito from Apartment Ther...
1 day ago

Cos Cob Blogger Iggy Makarevich At High Strangeness
U.S. Citizen being tortured -ACLU - I just signed a letter of petition over at the ACLU site about the torture of this poor dude... another in a long, long line of special order jobs commission...

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Saturday, December 13, 2008

12/13/08 Who knew people still sent faxes?

(Click To Enlarge to 8 1/2 x 11)

FROM THE FIRST SELTMAN'S FAX MACHINE
This records company executive's missive accidentally found it's way in to Greenwich First Selectman Peter Tesei's fax machine.

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12/13/08 MORE WATER TROUBLES IN GREENWICH: Greenwich Roundup's Offices Were Flooded Yesterday !!!!!!

The "World Wide Headquaters" Of Greenwich Time Were Flooded Yesterday


Yesterday I went to help my wife as she participated in craft sale the was to benefit Avon Foundation's Which Is Concerned With Breast Cancer. In middle of the sale at the Avon building in Rye I went out in the rain for an hour and a half to take care of some business and the returned to help my wife pack up her flower arrangements and gifts.

Then when I returned home in Greenwich I found the that the "World Wide Headquarters" to Greenwich Roundup flooded in 3 inches of water. The pump had failed and my lower level unit had flooded. I then went to try and fix the pump.

At first I thought it was clogged and stooped over in an enclosed space I banged the pump trying to clear it. Some how in the process I banged my head on a very low ceiling beam and being an upstanding Christian man I began to curse profusely.

I even said,"Jesus Christ, Can some G-d D-mn help here!!!!"

At that point the neighbors in another unit started nervously walking around turned on a switch in their apartment that turned on a light in the basement and powered the pump.

The pump was working but I had managed to knock the float off when I had banged my head I reattached the float, put the pump in the water and used an extension cord to plug the pump into another outlet.

I mopped up my apartment as the water was pumped out. Bags and bags of damaged items were put in garbage bags as I started running fans to dry out my home. Later my wife and I washed and dried wet items at the Byram Laundry Mat until 4:30 in the morning.

I then got ready to go to work at taking care of buildings in Greenwich, but then all of a sudden I could not find my keys.As stuff was picked up and stacked up away from the water I must of covered them up or accidentally dropped them in a box or something.

I had extra keys for all of my clients accept for two businesses. I called one business this morning and will pick up a new key on Monday. I will drop in to see the other business also on Monday morning.

Now today I was playing catch up trying to make sure that the rest of my clients are serviced before 6 am Monday morning.

Tomorrow, after I finish serving coffee at Harvest Time Church from 8 am till 1:30 pm I will still have four more clients to take care of.

The reason I am telling you all of this is that some Greenwich Roundup postings will be a little late. I have saved quite a few very interesting items in draft form, but still need to proof read them and select pictures to illustrate them. They will be published very soon.

So please be patient as I get caught up here at the "World Wide Headquarters" of Greenwich Roundup.

Despite the flood Greenwich Roundup has had a very good week

1,273 Unique Visitors On Monday

1,278 Unique Visitors On Tuesday

1,259 Unique Visitors On Wednesday

1,612 Unique Visitors On Thursday

1,381 Unique Visitors On Friday

I wont know today's Google analytics results until after 3 am on Sunday. I am hopping that we can stay over 1,000 today and Sunday. Thus having my first week that every day was above 1000 and also setting an all new Sunday record.

So far we are up 11.03 % over last month.

Is I look over last months statistics I see some very odd key word searchs that brought visitors to Greenwich Roundup.

For example there was 94 visits for.....

"count me in"

There were 34 visits for .....

"christopher davidson greenwich hospital"

Who the heck is Christopher Davidson and what does he have to do with Greenwich Hospital?

There were 28 visits for......

"tony robbins paul tudor jones"

What does Tony Robins have to do with Paul Tudor Jones?

There were 27 visits for ....

"judith scanlon delmo zanette court"

Who is Judith Scanlon?

There were 19 visits for the key words.....

"eagle hill" "mark griffin" "greenwich citizen"

ALSO:

""hearst" "brooks community newspapers"" sent 19 total visits

"+"church street west" +greenwich +police" sent 18 total visits

"clifford berken" sent 14 total visits

"tom gallagher greenwich" sent 9 total visits

"audubon society rich granoff" sent 7 total visits

"eileen tweddle lawyer greenwich ct" sent 6 total visits

HOWEVER:

"ourgreenwich.com" only sent 4 total visits

One Last Interesting Note

When we go to Overview > Networks > Net Work Location .......

We find this little item.

Network Location: greenwch dime

460 visits came from this network location from November 12, 2008 - December 12, 2008

Not only does the Greenwich TIME webmaster have trouble get things up in the morning, he can't even properly spell the name of his employer on his server.

Greenwich "dime" server readers spend .....

00:04:26 Avg. Time on Site

5.20 Pages/Visit

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12/13/08 Greenwich Time News Links -- TOP STORY -- Force main ruptures near rail station


First Selectman Peter Tesei inspects the flooded area of Sound Shore Drive in Cos Cob Friday morning. With him are Emergency Operations Director Daniel Warzoha, left, and Robert Grierson of the public works department.
(Bob Luckey Jr./Greenwich Time photo)


Flooding in Cos Cob
A force main filled with wastewater from eastern Greenwich ruptured on Sound Shore Drive Friday morning, spewing hundreds of thousands of gallons of untreated water into the street near the Cos Cob rail station.
A Greenwich doctor accused in an Internet sex sting appeared in a New York court Friday after being released on a $25,000 bond last week.


Michael R. Dunne, 74, dies; was local leader
Longtime volunteer and local figure Michael R. Dunne, who held top positions in town and at the state level, has died after battling prostate cancer.


Man deemed competent for trial
STAMFORD - One of three California men pulled over in a tractor-trailer and found with what police said was 50 pounds of marijuana is fit to stand trial after a 60-day commitment to a state mental institution, a judge ruled Friday in state Superior Court.
Jeffrey Salamon, postmaster at the Cos Cob post office, presented mail carrier Merle Piasecki with the U.

Town briefs
Westfair Singers presents choral concert Westfair Singers, a two-voice women's chorus, will present its annual Holiday Concert at 3 p.

Tigers squash Chapin
MAMORENECK NY -- Team depth is a coach's best friend. Having the knowledge that even if some of the players have an off night, the team still stands a good chance of winning can make the coach's job easier.

Movie Clock Monday, Dec. 15
BEDFORD, N.Y. Clearview's Bedford Playhouse, Route 22, (914) 234-7300 Australia: 7:45 Bolt: 5, 7:40 BETHEL Bethel Cinema, 269 Greenwood Ave.


Generic pill spending sinks in U.S. as fierce price war rages
American consumers and health insurers spent $1 billion less on generic drugs this year as the result of fierce competition among drugmakers and pressure from insurers to lower prices.


"Hi, this is Bill Clinton," says the familiar voice on the other end of the line, "and I'm urging you to vote for .

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12/13/08 Suicide hotlines in town could be lit up today as investors begin to realize how much they've lost in rip-off scheme perpetrated by Madoff


Is Wall Street Legend Bernard Madoff And Other Hedge Fund Managers Taking Posh Greenwich Investors For A Ride On A Very Fast Train Wreck ? (Updated)


HERE IS ONE OF THE GREENWICH CONNECTIONS

While the total extent of Bernard Madoff's Ponzie madness will take a long time to properly flesh out, it is known that Madoff managed money for a very wide range of investors, including prominent New Yorkers, university endowments and huge charities.

But Madoff's scam - which incredibly, Madoff himself estimates to be at least $50 billion - could extend way beyond those big shots directly affected.

Listen to the howls at Greenwich country clubs as the ripples of Madoff's ruse spread into back country mansions of Greenwich.


There Are A Number Of Serious Ramifications


First, it will serve to cripple an already-skeptical individual and institutional investors.
These investment morons hold the Harvard Educated Fools that are Greenwich Hedge Fund managers in such high regard only to be disappointed time and again.
When will they ever learn?

madoff's fraud is just another gigantic straw on the camel's back at a time when everyone is screaming for liquidity

Madoff's investment-advisory arm, which is at the center of the Big Fat Billion Dollar Ponzi scheme, managed only $17 billion in assets, insiders suspect the only way his scam could have reached $50 billion was through massive borrowing.

A number of "So-called" respectable institutions, from banks to firms that manage funds of hedge funds, will likely be damaged by yesterday's stunning revelations.

One Group known to have worked with Madoff in the past is alternative-asset manager Fairfield Greenwich Group



Sources tell The Post that Madoff managed money for Fairfield Greenwich through a $7 billion hedge fund called Fairfield Sentry, which Nomura and NPB offered to clients.

Take A Look At This Link

Any fool can see that most suspensions of redemptions by hedge funds was because they could not meet the redemptions without collapsing ala Madoff.

This suspensions of redemptions non-sence is keeping fund managers in business until the end of 1st quarter, while extending the losses for posh investors unable to withdraw their trust fund investments.

Hedge funds managed by Harvard Educated Fools and other Ivy League Schools generally follow a herd mentality and do what the other funds do, chances are many if not most are as much a big fat empty shell as Modoff's.


How many Trust fund babies, who are hedge fund investors are now broke but just don't know it yet?


I'll bet many that had these trust fund babies that had redemption requests denied or postponed suspect that something is not kosher and they might have to learn a new skill like waiting on tables at fancy Greenwich resturants.

The Greenwich Citizen, Greenwich Post and Greenwich Time should start watching for these hedge fund managers are going start trying to sneak their assets out of the country, in anticipation of fleeing prosecution.

If the complacent mainstream press of Greenwich are too inept to do the job, then Greenwich Roundup will have to send out an "All Points Bullitien" on local Hedge Fund Managers.


It Is Not Just In Greenwich

A sum bag attorney named, Marc Dreier, who fancied himself as a jet-setter was jailed without bail Thursday after a federal prosecutor - branding him a "Houdini" who might escape the country -- said the losses from his "hedge fund fraud" have surpassed $380 million.

Judge Douglas Eaton said Marc Dreier posed an "extraordinary risk of flight" in a case that "seems to have some extraordinary behavior."

The judge sided with the prosecutor, who said Marc Dreier was "in a desperate situation and the only way out of the desperate situation is to flee."

"His life has completely unraveled," the prosecutor said, adding that the possibility of life in prison had to be crushing for "an extremely rich man who flew private jets and met rich and famous people."

Marc Dreir firm has represented celebrities including retired football star Michael Strahan and former News Corp. publishing executive Judith Regan.

lMore Information At This Link

Something tells me that there are more than a few Martin Frankle Wanna Bes running around Greenwich right now.

"Many of these people are going to go from being very wealthy to virtually destitute," said Brad Friedman of law firm Milberg LLP, represents dozens of people who invested over $700 million with Madoff.

"At one point, he was the favoured broker of Palm Beach," a club member told the Palm Beach Post newspaper. "Every big guy was his client.

Another Link For Greenwich Trust Fund Babies To Check Out

PLEASE SEE:

Madoff Victims’ ‘Tragedy’ Said to Have Escaped Scrutiny by SEC

(Bloomberg) -- Bernard Madoff’s investment advisory business, alleged to be a Ponzi scheme that cost investors $50 billion, was never inspected by US ...

Massachusetts School of Law dean among Madoff investors

Newsday

Look at Wall St. Wizard Finds Magic Had Skeptics

New York Times

Klayman & Toskes Commences Investigation on Behalf of Bernard ...

MarketWatch

MORE ON MADOFF:

Geneva banks lost more than $4 billon to Madoff: report

Reuters - Geneva-based private bank Benedict Hentsch said on Friday its exposure to Madoff products was 56 million francs, or 5 percent of its asset under management. ...

Swiss bank says it has $48M invested with Madoff

The Associated Press

Geneva firms hit by phoney Madoff scheme

Swissinfo

Swiss Bankers Face $5 Billion Loss From US Madoff Fraud -Report

EasyBourse.com

Earthtimes (press release)

The Canadian Press

PLEASE ALSO SEE:

Wilpon’s Losses in Fraud Case Could Hurt Mets

New York Times, United States - By MICHAEL S. SCHMIDT

Fred Wilpon and Bernard L. Madoff grew up in the 1940s less than a dozen miles from each other in middle-class neighborhoods of New ...

Sterling Equities, Madoff Client, ‘Shocked’ by Fraud

Bloomberg

Mets' Fred Wilpon among victims in alleged investment fraud

Los Angeles Times

Report: Mets owner victimized in Wall St. scam

FOXSports.com

New York Daily News

AFP

Or You Can Read:

Alll 2,181 Google News Articles »

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