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Saturday, January 24, 2009

1/24/09 The Raw Greenwich News Feed: These guys are SCREWED , and that's exactly what they will get in prison (Updated)



TOP STORY:



GREED IS GOOD ????



Just more of those good old Republican family values we keep hearing about.....


Greenwich real estate developer Richard R. Girouard, faces two counts of conspiracy, financial institution bribery, and wire fraud; eight counts of money laundering; and a single count of bank fraud.


Developer indicted on bank fraud charges


BusinessWeek


NEW HAVEN

A Connecticut developer and his associate have been indicted on federal charges of participating in a scheme to rig bids on Fleet Bank's sale of distressed loans.....


.....Authorities say Girouard and his companies made about $6 million in profits from the scheme.

Girouard operated the company and Mayotte was the chief financial officer. The indictment alleges they paid $1.4 million for confidential bank information from a bank official to submit winning bids for Fleet Bank's sale of distressed loans.

Girouard and Mayotte also are accused of defrauding an investor of more than $400,000.

Telephone messages were left Friday for their attorneys.

The former bank official, Kevin J. O'Keefe, has pleaded guilty. Girouard's attorney, Paul Aparo, has pleaded guilty to bribery and fraud.....



Norwalk developer indicted for fraud


The Hour


NORWALK


By JAMES S. WALKER


Hour City Editor


A Norwalk businessman has been indicted along with his business associate for their roles in a fraud scheme that netted them approximately $6 million in profits, according to the Acting U.S. Attorney for the District of Connecticut.


Nora R. Dannehy announced Friday that a federal grand jury in New Haven returned a 15-count indictment charging real estate developer Richard R. Girouard, 54, of Norwalk, and Paul A. Mayotte along with two of his companies with conspiracy, financial institution fraud, bank fraud, wire fraud and money laundering.....


According to the indictment, Girouard operated Girouard Associates, Inc. and Richard Girouard Associates, LLC, formerly located in New Canaan and now in Greenwich, while Mayotte was the chief financial officer of Girouard Associates and a business confidant of Girouard. .....


......Girouard and Mayotte are charged with two counts of conspiracy, which carries a maximum term of imprisonment of five years, on each count; two counts of financial institution bribery, which carries a maximum term of imprisonment of 30 years, on each count; one count of bank fraud, which carries a maximum term of imprisonment of 30 years; eight counts of money laundering, which carries a maximum term of imprisonment of 10 years, on each count; and two counts of wire fraud, which carries a maximum term of imprisonment of 20 years, on each count. Several of these counts also carry a maximum fine of $12 million.


Girouard Associates and RGA are charged with one count of conspiracy, one count of bank fraud and two counts of financial institution bribery. Each count carries a maximum term of probation of five years and a fine of up to $12 million.The indictment was returned on Jan. 21. Friday,


Girouard appeared before United States Magistrate Judge Donna F. Martinez in Hartford and pleaded not guilty to the charges against him and his companies. Mayotte is expected to be arraigned next week.


O'Keefe and Aparo have been charged separately. Their cases are pending before United States District Judge Alvin W. Thompson in Hartford.


Feds charge Brookfield man with bank fraud, money laundering Danbury News Times


A Brookfield man was indicted Friday along with a Greenwich developer on charges of participating in a scheme to rig bids on Fleet Bank's sale of distressed loans.....


....The 15-count indictment alleges Girouard and his companies made about $6 million in profits from the scheme.

It also says Girouard and Mayotte engaged in another scheme to defraud an unwitting investor in one of the corrupt transactions with Fleet Bank (later Bank of America) out of more than $400,000, and that they conspired to launder that money.

Girouard, of Norwalk and Stuart, Fla., was a real estate developer and home builder in Connecticut who operated Girouard Associates Inc. and Richard Girouard Associates LLC, federal prosecutors said. The companies were formerly located in New Canaan and are now in Greenwich.

Mayotte was the chief financial officer of Girouard Associates and a business confidant of Girouard, according to authorities.


The indictment alleges the two conspired with Kevin J. O'Keefe, a vice president at Fleet Bank in Hartford, and with Girouard's lawyer, Paul J. Aparo, to commit financial ....


....In return for O'Keefe's assistance, federal prosecutors said, the two men paid him and Aparo about $1.4 million.

A grand jury returned the indictment Wednesday. Girouard appeared Friday before U.S. Magistrate Judge Donna F. Martinez in Hartford and pleaded not guilty to the charges against him and his companies.

O'Keefe and Aparo have been charged separately. Their cases are pending before U.S. District Judge Alvin W. Thompson in Hartford.

Assistant U.S. Attorney Eric J. Glover is prosecuting the case, and the Federal Bureau of Investigation is investigating.



Developer Indicted On Bank Fraud Charges
Hartford Courant


AP


NEW HAVEN - A Greenwich developer and his associate have been indicted on federal charges of participating in a scheme to rig bids on Fleet Bank's sale ...


....Girouard and Mayotte also are accused of defrauding an investor of more than $400,000.

Telephone messages were left Friday for their attorneys.J. Bruce Maffeo, attorney for Girouard's companies, which also were charged, said the companies deny the charges and expect to be fully vindicated.


The former bank official, Kevin J. O'Keefe, has pleaded guilty.


Girouard's attorney, Paul Aparo, has pleaded guilty to bribery and fraud.





THE RAW GREENWICH NEWS FEED CONTINUES......
New York Post
... The Garden is unlike any other place," said MSG Network's Jill Martin, who has had her hands full with her "Gimme a Minute" celebrity halftime interviews. "Athletes love to play here, the fans love to come here and celebrities love to sit back and take in the atmosphere."

There have been some dandy sightings - Hugh Jackman, Philip Seymour Hoffman, Phil Collins, Ron Howard, Jon Stewart, Whoopi Goldberg, Chloe Sevigney, Kevin Bacon, Howard Stern and Freddie Prinze Jr.

Celebrity row even made heavy gossip news when Tea Leoni and David Duchovny showed up together courtside with their kids amid a Page Six report of a potential reconciliation. All the gossip magazines - "People," "US Weekly," etc. - were all over their Knicks appearance.

Howard, whose film "Frost/Nixon" was about to come out, showed up in the first row on an invite from Greenwich, Conn., neighbor Allan Houston. Soon, Howard was hanging with the newspaper photographers behind the baseline, borrowing their cameras. The Oscar-winning director was seen getting tips on how to shoot a basketball game......

COMMENT:

Every Sunday Alan Houston Attends Harvest Time Church Up On King Street And Walks Right By Where Greenwich Roundup Volunteers At The Church Coffee Bar. He Always Gives A Friendly Hello As He Ushers His Family Upstairs For The Church Service With Pastor Glen.
But He Has Never Had Time To Stop And Get A Cup Of Coffee Or A Muffin.

Which Was OK, Because He Is A Very Busy Guy.

But Now Greenwich Roundup Is Saying:
"Wait A Minute. Alan Huston Has Time To Hang Out With
Opie From The Andy Griffith Show, but he doesn't have time to pick up a Bagel or muffin and watch the church service on the big screen TV?

I guess Greenwich Roundup is going to invite fellow Greenwich resident Ron Howard to the Harvest Time coffee bar and give him a muffin while I show him the banged up Olympus camera that I like to use to take crappy pictures of failed Greenwich School Administrators.
Then Houston is probably going to ask for a cup of Green Mountain Coffee and say."Ron, It's good to see you here at Harvest Time."
THE RAW GREENWICH NEWS FEED ONCE AGAIN CONTINUES.....

Critics wrestle with Rell's choise of WWE CEO for state Board of Ed
Stamford Advocate

By Brian Lockhart

A few months ago, Betty Sternberg, the state's first female commissioner of education who is leaving the post of superintendent of Greenwich public schools, took a phone call from Linda McMahon, chief executive officer of Stamford-based World Wrestling Entertainment.

"She simply identified herself as 'a Greenwich resident,' " Sternberg recalled, adding that a secretary filled her in on McMahon's role at the WWE. "I have an open-door policy if some member of the community wants to talk to me about something educational."

Sternberg said the two spoke about the federal No Child Left Behind Act and other topics.
Then two weeks ago, when Republican Gov. M. Jodi Rell announced the nomination of McMahon, 60, to the state Board of Education, Sternberg connected the dots.

"(McMahon) did not tell me she was being considered or was considering it," Sternberg said. "Now, of course, I put it together. . . . She was doing her homework."

McMahon's appointment, which requires legislative approval, has raised eyebrows. What, some pundits and residents have wondered, is Rell doing, asking a woman who presides over a pro-wrestling empire built on melodrama, violence and sex to set education policy and standards for Connecticut's children?. ...

...."I'm at a loss," Norwalk Schools Superintendent Salvatore Corda said when told about McMahon's background and televised exploits. "I wouldn't want to judge anybody without knowing them. If the governor made this appointment, I'm sure she had some rationale behind it. The governor's not a dumb person."

Stamford Schools Superintendent Joshua Starr said McMahon is a blank slate to him.

" I have no knowledge of Ms. McMahon and whether she'd serve the governor's purposes," Starr said. "I don't know what experiences she has in education."

McMahon has known Rell since the latter was lieutenant governor and has contributed to her campaigns.....

....Bruce Levine Mellion, head of the Norwalk teachers union, was not impressed with Rell's choice of McMahon......

....Sternberg said, adding she has not viewed the clips of McMahon's activities in the WWE ring but is not bothered by what she has heard.

"Clearly, there are all sorts of forms of entertainment," Sternberg said. "She's developed a viable, vibrant business a segment of society is interested in.".....

PLEASE SEE:
GREENWICH LOVES THE
RAW GREENWICH NEWS FEED
ON GREENWICH ROUND UP

GREENWICH ROUNDUP IS HERE TO SERVE
TOWN RESIDENTS WITH THE LATEST
NEWS ABOUT GREENWICH

HERE IS THE RAW GREENWICH
NEWS FEED FOR TUESDAY:

Greenwich Round Up Has Once Again
Been Spanning The Globe To Bring You
The Latest News About Your Town.....

M. Jodi Rell announced Saturday that she has appointed Linda McMahon of Greenwich, the WWE’s chief executive officer, to the 11-member Board of Education....
PLEASE ALSO SEE:

TheDay.Com

Business smarts aside, the governor's nominee to fill an empty seat on the state Board of Education raises questions of suitability.

Greenwich executive Linda McMahon is Greenwich executive Linda McMahon is certainly an accomplished and successful businesswoman. In fact, according to Gov. M. Jodi Rell's own press release recommending Ms. McMahon for the board that establishes academic standards and sets policy for Connecticut's 149 local and 17 regional school districts, she is “widely recognized as one of the entertainment industry's top female executives.”

Our disagreement is not with Ms. McMahon's business abilities, but rather her line of work. She is the chief executive officer of the Stamford-based World Wrestling Entertainment Inc., parent corporation of “Raw,” “Royal Rumble,” “Smackdown” and other productions that combine wrestling and acting for bizarre entertainment.

No Connecticut school would condone the ring behavior of the WWE's biggest headliners. Some lessons a child might learn from watching a WWE event: Being a violent bully is cool. Smashing someone over the head with a metal chair won't cause serious injury. Women are sex objects and attracted to the most brutish men. It's entertaining to make fun of people....
PLEASE NOTE:
The Greenwich Time Is
Behind The Times:
The First Time That Greenwich Time Published An Aticle Concerning McMahon's Appointment Was When Cub Reporter Colin Gustafson Filed This Late Night Education Report On The 15th.....
Staff Writer
Posted: 01/15/2009 08:08:08 PM EST
State lawmakers from Greenwich say they intend to give the World Wrestling Entertainment's chief executive a fair hearing about her qualifications when considering her nomination to the state's top.
Linda McMahon, 60, a Greenwich resident and chief executive of Stamford-based WWE Inc., has been nominated by Gov. M. Jodi Rell to help set education policy as a member of the state Board of Education.

McMahon, who co-founded WWE with her husband, Vince, in 1982, has been an occasional performer on its pro wrestling shows, nationally known for their choreographed fights, melodramatic story lines and outlandish behavior by burly, tough-talking performers.

In one episode, Linda McMahon can be seen before hundreds of spectators in a wrestling ring, telling a business-suited male performer, "You're fired!" before appearing to kick him in the crotch.

Though some editorial writers have raised questions about nominating an executive whose company has been accused of promoting fictional television violence, state Rep. Lile Gibbons, R-Greenwich, said McMahon deserves a fair hearing and should be judged on her credentials in education.

Nominees to the 11-member board "should be judged by the high standards they can bring to it," Gibbons said. "I'm more than willing to have an open mind and see what she brings.".....
...."I have always had a tremendous interest in how we educate our children," McMahon said in a statement in which she said she hopes to "be an advocate for a stronger education system in our state and our country."

She declined, through a spokesman, to be interviewed Thursday.....
McMahon, whose nomination was announced by the governor last weekend, must be approved by the General Assembly's Executive and Legislative Nominations Committee before facing a legislative confirmation hearing Feb. 5.

If confirmed, her term on the board would end in March 2011.
WHEN GREENWICH ROUNDUP TYPES:
THE GREENWICH TIME LISTENS......
The Next Morning (Thursday The 15th) Greenwich Time Managing Editor Bruce Hunter Told Cub Reporter Colin Gustafson To Call Up Linda McMahon To Get The Story. Linda McMahon Wasn't Talking So The Wet Behind The Ears Gustafson Was Stuck, Because He Really Didn't Have Any Hatford Contacts.
Thursday He Started Feverishly Calling Hartford To Try And Get Greenwich's New Freshmen Legislators To Give Him A Quote.
A Clueless Fred Camillo said, "I'm sure the governor has done her homework on whether (McMahon) is qualified."
The Story Was Feveriously Thrown Up On The Web At 08:00:05 On Thursday the 15th Some And The Story Was Reposted At The Stamford Advocate At 08:08:08
Google Analytics Shows That The Greenwich Time Server Repeated Visted Greenwich Time Web Pages About Linda McMahon And The WWE All Day Thursday.
Something Tells Greenwich Roundup That The Logs To Those Hearst Newspaper Server Will Probably Resolve Down To Managing Editor Bruce Hunter And Cub Reporter Colin Gustafson.
If We Said It Once
We Said It A Thousand Times.....
When Greenwich Roundup Types:
The Greenwich Time Listens....

To view a video of Linda " Ball Buster McMahon's performance, please visit: http://www.youtube.com/watch?v=oSZOBvtMCwQ.
HOWEVER, GREENWICH BLOGGER NICK "THE SLY" FOX
PROBABLY LIKES GOVERNOR RELL"S CHOICE:
ECW Champion Jack Swagger & Mark Henry vs. Matt Hardy & Finlay The Brian Kendrick vs. R-Truth Last Man Standing Match If MVP loses, Triple H loses his spot...
Both D-LO Brown and Val Venis have been released by WWE!!! More news to follow!
AND NOW ONCE AGAIN BACK TO THE RAW GREENWICH NEWS FEED:

Stamford Advocate
The Rams needed to respond after falling to the FCIAC's deepest and most experienced team in Greenwich. New Canaan also needed to accomplish this task ...

ROY-HART: Superintendent candidate Manko looking for next challenge Union-Sun & Journal
... out of Colgate University's master's of arts in teaching degree program. Teaching secondary social studies in Greenwich, Conn., Manko landed a full-time job with the district. That led to acceptance into Syracuse University's Maxwell School of ...
Norwalk Advocate
By Jesse Quinlan The ball was in the hands of the game's leading scorer, just as the Greenwich High School girls basketball team had hoped for. ...

CAKE: a Mid Career Retrospective of Sculptor and Visual Artist Don...
PRESS RELEASE PR.com
... in 1989. His success and many prestigious commissions (including the bust of William Finch at Bush Holly House in Greenwich, CT) have not stopped Desper from wading into new modes of creative expression. With the addition of poetry to his ...
The Choate News, CT
Under his leadership the girls played to a second place finish in the New England Championship, finishing behind only perennial powerhouse Greenwich Academy ...

Falling Asset Values, Job Losses Make Breaking Up Harder to Do for Couples
Bloomberg
... alimony by claiming their plunge in fortunes isna t short-lived, said Cynthia Hartwell , a divorce lawyer in Greenwich, Connecticut. Good Time a oeIf the breadwinner or your employer has been affected by the downturn, it is a good time to get ...
Ridgefield Press
Cara Lockwood and Rachel Morrison scored goals as the Ridgefield High girls hockey team avenged an early season loss with a 2-1 win over host Greenwich on ...

Linda Y. Tsai weds Richard C. Weinhart
Independent Press
She is an equity analyst at MKM Partners, a securities trading and research firm in Greenwich, Conn. She graduated from Barnard College and received an MBA ...
The Keene Sentinel, NH
... as a way to latch on to the Super Bowl buzz,” says Jack Trout, president of Trout & Partners, a marketing-strategy firm in Old Greenwich, Conn. ...

Innovations in the Third Dimension: Sculpture of Our Time at The Bruce Museum
Art Daily
The Bruce Museum in Greenwich, Connecticut, showcases forty-five masterpieces of modern sculpture in its major winter exhibition, Innovations in the Third Dimension: Sculpture of Our Time, illustrating how ...


Report: Tax revenue up $77.5M from year ago
Norwalk Advocate

There is a candle of hope out there in this ill economy, one retailer said Thursday, after the state reported a $77.5 million increase in sales and use taxes that business collected in December.

The state Department of Revenue Services' monthly tax revenue report showed Connecticut businesses collected $355.6 million from retail and other sales and rentals in December 2008, compared with $278.1 million a year earlier.

Collections were, however, down $47.5 million for the period of July 1 through Dec. 31, 2008, from the same period in 2007, the department said. Connecticut's fiscal year runs from July 1 to June 30.

In a monthly report on retail and food services released Jan. 14, the U.S. Census Bureau said national retail and food services sales amounted to $343 billion in December 2008, compared to $380 billion in December 2007. This is a drop of 2.7 percent nationally.

"We've been doing good," Jill Leonard Tavallo, a spokeswoman for Norwalk-based retailer Stew Leonard's, said Thursday. "Thank God people have to eat."

But Tavallo said this doesn't mean times are easy. "We notice the way customers buy has changed, but we haven't noticed a drop in our average sales."

She said people still are shopping at Stew's and the store ended up coming out ahead for 2008. The company is privately held and does not disclose sales figures. As a grocer, most of what Stew's sells is not subject to sales tax, including food for human consumption. ....

....Ansonia: $82.5 million, -1.4 percent Bridgeport: $1.1 billion, +15 percent Danbury: $4.4 billion, +171 percent* Greenwich: $1.2 billion, +5.1 percent ...


From small town to big screen
Waterbury Republican American
David is an auto enthusiast and his friend, Nick Pagani of Greenwich, is a classic car collector who frequently supplies movie studios with old vehicles. ...

Will Apple sue Palm over Pre?
DesignLines
... think the software is the key ingredient," he added. Brian Marshall, a financial analyst with Broadpoint.AmTech (Greenwich, Conn.) said he took Cook's response as a shot across Palm's bow. "That's who they seem to have in their sights," Marshall ...


Creditors Sue Archway Owner
Wall Street Journal
... committee is now resorting to baseless claims in a 'kitchen sink' filing at the 11th hour," said a representative of Catterton, of Greenwich, Conn. ...

Thirty-Year Treasuries Post Biggest Weekly Loss Since 1987 on Glut Concern
Bloomberg
... $62.5 billion in 10-year duration equivalents, according to David Ader , head of U.S. interest-rate strategy at Greenwich, Connecticut-based RBS Greenwich Capital Markets, another primary dealer. a oeWea re facing the largest sale of 10-year ...


Greenwich school takes CPR to heart
Stamford Advocate
But some 55 Greenwich Country Day School staff and faculty members lived down that reputation Friday during a mandatory CPR certification course. ...

Meet the New Majority, Same As the Old Majority
AmSpec Blog
... Whites than winning more black and Hispanic votes. They want Republicans to once again be able to carry places like Greenwich, Connecticut and Lincoln, Massachusetts.


Wilton instruments find new home
The Hour, CT
Wilton High School band director Frank "Chip" Gawle said Greenwich Music, Norwalk Music and Goldie and Libro Music Center in New Haven have agreed to help ...

ProSales Honors Top Dealers at IBS Event
Tools of the Trade
... in the industry. The 2008 Excellence Awards winners, locations, and categories are: Interstate + Lakeland Lumber, Greenwich, Conn. / Showroom Millwork Masters, Keene, N.H. / Marketing Construction Supply, Farmington, N.M. / Technology TW Perry's ...


Religion briefs
Stamford Advocate
GREENWICH -- Tony Campolo, a nationally known pastor, sociologist, social activist, author and commentator, will discuss "Faith and the Future of the ...

Hicks to Resign from United Rentals Board; Three New Directors Elected
Rental Equipment Register
... of the board. Wayland has worked tirelessly to advance our company, to the great benefit of all our stakeholders.' Greenwich, Conn.-based United Rentals is No. 1 on the RER 100.


Bulletin Board
Stamford Advocate
Girls Incorporated seeks teen girls ages 14-18 from the Greenwich area to participate in the National Corporate Camp for Entrepreneurs Competition. ...

Economy turning second homes into rental properties
International Herald Tribune
... "Now the rate of sales has gone way down." Many of HomeAway's new clients are like Debra and Bill Finerman of Greenwich, Connecticut, who in 2007 paid 800,000, or about $1 million at the time, for a two-bedroom apartment near the Seine in the Sixth ...


Community almanac
Stamford Advocate
LUNCH BUNCH For Greenwich residents older than 55 with a senior ID: four-course meal at Greenwich Hospital cafeteria, noon to 2 pm Saturday for $4.50.


22 CT and NY music students vie for GBS award
Connecticut Post
Municipalities represented in this year's competition are: Bridgeport, Greenwich, New Canaan, Orange, Easton and Milford, each with one candidate; ...

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Please send your comments to GreenwichRoundup@gmail.com or click on the comments link at the end of this post.

01/24/09 Unemployed Frairfied Greenwich Executive Tried To Sell His Town House For $36 Million. Brokers Say He Might Get $30 Million

Greenwich Resident Walter Noel Wont Tell Investors That A Big Chunk Of The Fairfield Greenwich Money Is Invested In The Upper East Side Of Manhattan At at 7 East 67th Street

Walter "Feeder Fund" Noel's Partners And Employees Sure Were Able To Live High Off The Hog Thanks To Those Kickbacks That Bernard Madoff Kept Sending To Fairfield Greenwich.


Will $30 Million New York City Town House Be Sold To Help Repay Walter "Feeder Fund" Noel's Victims?

Golden In Greenwich And Manhattan !!!


Every Man for Himself
New York Times

THE rich are different from you and me. In the era of multibillion-dollar Ponzi schemes, they are sometimes a bit more desperate.

A few weeks ago, Richard Murphy, an unemployed hedge fund executive with a glorious limestone town house on East 67th Street, learned that the similarly lustrous town house next door was about to sell for nearly $25 million, the highest price for a town house in many months.

Rather than quietly savoring the good fortune of his neighbor, Janna Bullock, a developer who specializes in restoring town houses, Mr. Murphy sprang into action, according to several people familiar with the transaction.

He called the successful selling broker, Richard Steinberg of Warburg Realty, and suggested that it might be worth his time to try to interest the buyer, a Russian industrialist, in his house. Maybe he would find it more appealing, with its distinctive Ionic columns and four-story glass atrium in the rear, and buy it instead.

Mr. Murphy did not succeed in snagging the sale.

Perhaps he could be excused for his excessive zeal. He had moved to New York in 2007 to join a thriving $14 billion hedge fund known as the Fairfield Greenwich Group. His job: to prepare the group to go public and make the partners even more fabulously wealthy.

Now he is out of a job. It turns out that Fairfield Greenwich had invested more than $7 billion of its funds with Bernard L. Madoff, the disgraced investor accused last month of losing $50 billion of clients’ money in a Ponzi scheme.

Only a year and a half ago, Mr. Murphy had triumphantly moved to the upper echelons of the Upper East Side after a 20-year career as an investment banker in Europe, working for Morgan Stanley, Deutsche Bank and Credit Suisse. He paid $33 million for the 25-foot-wide house at 7 East 67th Street, buying it from Matthew Bronfman, an heir to the Seagram liquor fortune.

Now Mr. Murphy is listed as a defendant, along with other Fairfield Greenwich partners, in lawsuits brought by distraught investors.

Since the house next door closed on Jan. 12, Mr. Murphy has called in four top brokers, including Mr. Steinberg and Carrie Chiang of the Corcoran Group, to discuss the possible sale of his house.
In an interview, Mr. Steinberg, who still hopes to get the listing, confirmed that the conversation about the neighboring house took place, but declined to discuss the details. Mr. Murphy declined to comment.

According to brokers, Mr. Murphy was considering asking about $36 million for the house, which he upgraded after it was lavishly restored by Mr. Bronfman. Details include Venetian plaster in the public areas to bring in more light.

Built in 1882 and redesigned in 1900, the house has a limestone entry room with a fireplace, and a grand staircase leading to a parlor. It has 12,000 square feet of space on seven levels, including the basement.

But brokers were skeptical that he would get that price, with one suggesting it might eventually sell for $30 million at most, about 10 percent less than he paid.

In 2007, when Mr. Murphy bought the house, he paid the highest price on record for an Upper East Side town house built on a standard 25-foot-wide lot. Now it ranks third.

And Mr. Murphy, who is looking for work in New York and London, may hold off selling in case he finds a position here, brokers said.

The outlook for investment banking jobs may be bleak, but bleakness is not an unknown concept in the house. Before Mr. Bronfman bought it in 1994 for $3 million, it was owned, property records show, by the Foundation for Depression and Manic Depression.

================================================================
Please send your comments to GreenwichRoundup@gmail.com

1/24/09 GREENWICH REPUBLICAN VALUES IN ACTION: Walter Noels Daughter - In - Laws Kiss And Make Up

I really don't care if two spoiled trust fund girls kiss and make up over a tell all book called "Hedge Fund Wives". but it is all those other Republican kisses that I have a problem with.....

Just When You Thought The Stories Surrounding Greenwich Resident Walter "Feeder Fund" Noel Couldn't Possibly Get Any More Strange.....
It Is Now Time For Another Strange But True Look At Walter And Monica Noel's Disfuntional Family Values.....


BY THOMAS ZAMBITO

DAILY NEWS STAFF WRITER

The sisters who went to war over authorship of a book called "Hedge Fund Wives" have ended their feud - possibly because there's not much left to fight over.

Natasha Boncompagni, accused by her sister Tatiana of stealing the book manuscript in a dispute over whether Natasha should get credit for contributing to it, said the battle is over. She said Tatiana, the "Gilding Lily" author whose husband is an heir to the Hoover vacuum empire and son of a hedge fund magnate, has enough trouble.

That's because the hedge fund is Fairfield Greenwich Group, which lost $7 billion to Bernard Madoff and faces unending lawsuits from investors.

"Our family has decided to put our differences behind us in order to unite behind my sister and her two young children as she faces the impending litigation associated with the business dealings of her father-in-law," Natasha said in a statement.

She went on to say that her sister never knew the family investment returns were a figment of Madoff's alleged Ponzi scheme.
Natasha Had No Idea That That There Was Anything Wrong At Fairfield Greenwich Group.
And I Had No Idea That President Bush Liked Kissing Men So Much.
WOW You Learn Some Thing New Everyday At Greenwich Roundup !!!!
Enough All Ready George, Would You Just Stop It !!!!
Stop It I Say !!!!!
Stop It, You Dirty Little Frat Boy !!!!!




==============================================================
Please send your comments to GreenwichRoundup@gmail.com

Friday, January 23, 2009

1/23/08 The Greenwich Police Department Police Blotter Via The Greenwich Post

Police Watch

LARCENY

Claudette Mills, 51, of New Rochelle, N.Y., was arrested by Greenwich Police Jan. 9 and charged with second degree larceny. Following a nearly year-long investigation, Ms. Mills, a former doctor’s office employee, embezzled a large sum of money, police said. Ms. Mills was taken into custody re-entering the United States at John F. Kennedy International Airport after a flight from England. She was released on a $25,000 surety bond and was due in court on Jan. 16.

LARCENY

Two Greenwich girls, 16 and 15 years old were arrested Jan. 22 after police were dispatched to Elm Street on a report of a possible robbery in progress at Reflection. They were told that a girl involved was running down the street. Police reported the owner of the store had confronted two girls about two missing items, and said they’d been “acting suspicious.” Police said the 16-year-old helped the 15-year-old commit the theft by alerting her when the store owner was coming her way as she put items into her bag. The 16-year-old was issued a misdemeanor summons for conspiracy to commit sixth degree larceny. The 15-year-old was released on a promise to appear in court on Jan. 28.

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1/23/09 Today's Greenwich Post Press Release



The Greenwich High School PTA will host its annual SummerFare Camp Expo on Wednesday, Jan. 28, from 6 to 9 p.m. in the school’s student center. The event will showcase more than 130 summer programs for middle and high school students.

Program representatives will be on hand to discuss their summer opportunities with parents and their children. Families may pick up camp brochures and DVDs, and speak with program administrators to explore their summertime options.

From local programs to more exotic ventures across the globe, SummerFare features an array of organizations that offer something for just about everyone — from sailing through the Caribbean to learning a new language to traditional sleep away or day camps. Also featured are programs for sports training, adventure travel, community service, performing and visual arts, and educational endeavors at home and abroad. Many programs plan varying schedules, from two weeks to the entire summer vacation.

SummerFare is designed to beat the rush on camp sign-ups as spring approaches and programs fill up quickly.

This year marks the 20th year that the Greenwich High School PTA is sponsoring SummerFare, one of the school’s largest community service events. This year’s event is chaired by Greenwich High School parents Julie Chien, Marlene Gilbert and Mamie Lee.

The event is free of charge and open to the public. Refreshments will be for sale.

The snow date is Thursday, Jan. 29, from 6 to 9 p.m.
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Please send your comments and press releases to GreenwichRoundup@gmail.com

1/23/09 Whack Judge Refuses To Freeze The Fees Paid To Walter "Feeder Fund" Noel's Greenwich Fairfield Group



YOU WONT READ THIS ON THE GREENWICH TIME'S BUSINESS PAGE......



WALTER NOEL IS GOLDEN IN GREENWICH



JUDGE SAYS WALTER NOEL GETS TO SPEND THE FEES GIVEN BY MADOFF ANY WAY HE WANTS TO:





Fairfield fund wins order in Madoff-related suit


Thomson Investment Management News, UK

NEW YORK, Jan 22 (Thomson IM) - A US judge has denied a request to freeze the fees paid to Fairfield Greenwich Group fund managers who entrusted money to ...

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01/23/08 Greenwich Time News Links


TOP STORY:


Problems slow Byram Shubert Library renovations



The Byram Shubert Library renovation project encountered some unforeseen delays that have further pushed back this month's projected opening, the project's manager said.
The $3.8 million renovation project of the library, at 21 Mead Ave., began in 2006 and was originally slated to be complete in September 2008, but due to a window delivery delay, it was pushed back until December.

This month some last-minute details and miscellaneous issues popped up, which have pushed construction completion back further, according to project manager Jason Cea, of Westchester-based Marco Martelli Associates, which is responsible for the renovation.

"There were things beyond our control," he said.

For example, he said, additional lights for the main library took longer to be delivered from the manufacturer than anticipated. Building officials also haven't install fire alarms yet, he said.

Building department officials said there was still a lot to be done before the library can open, including scheduling a final inspection, Planning and Zoning Commission approval, fire inspection and other hurdles to opening a new facility, according to John Vallerie, deputy building department official.

"They still have a ways to go," he said. "There is a lot that needs to be done to meet the standards......

.....Barbara Ormerod-Glynn, the acting director of Greenwich Library, said the project is on track.

"We are pleased with our progress," she said.

She said there was no firm date for when the facility is expected to open.

"It's going to open soon," she said......
COMMENT:
ONCE AGAIN GREENWICH TIME MANAGING EDITOR
BRUCE HUNTER HAS ALLOWED REPORTER
TO FILE A ONCE SIDED AND INCOMPLETE
NEWS STORY:
Why aren't there any comments from the long suffering library patrons who have not had library services?
Why aren't there any comments from the mother's of Western Greenwich School Children who have the lowest test scores in town and need full library services?
Why aren't there any comments from the Byram Neighborhood Association who has repeatedly spoken out about the repeated failures at the Byram Library Site.
Why aren't there any comments from Byram RTM members who are repeatedly told over and over that you will meeting in a month or so at the "NEW" Byram Library.
When School Superintendent Betty Sternberg Minimized The Mold Infested Hamilton Avenue Modulars And The Green Kitty Litter Liner Just Regurgitated Board Of Education Press Releases While Ignoring Parents.
It Was The Parents And Not A Greenwich Time Reporter That Got Independent Test Results That Showed That Failed School Administrators Were Lying To The Single Family Homeowners Of Greenwich.
When The Hamilton Avenue School Contraction Screw Up Was Getting Out Of Hand, Because The Green Kitty Litter Liner Was Ignoring Parents And Not Holding Public Official;s Accountable It Was Greenwich Citizen Journalists And Bloggers Who Repeatedly Started Highlighting Frank Mazza's Management Failures.
When School Superintendent Betty Sternberg Delayed And Then Refused To Release The Communities Assessment Of Her Performance To The Taxpayers Of Greenwich. It Was Citizen Journalist And Blogger Bill Clark, And Not Greenwich Time Education Reporter Colin Gustafson, Who Filed The Freedom Of Information Request That Forced Sternberg To Release The Report To Parents.
When Sternberg suddenly Resigned A Week Later The Clueless Greenwich Time Reporter Was Reporting About How Shocked And Surprised School And Town Officials Were.
When Water Leaks Were Once Again Causing Mold To Form In The "NEW" $30 Million
Hamilton Avenue School. The Green Kitty Litter Liner Ignored Parents Who Got Inside The School And Took Pictures Of The Extensive Water Damage And Mold.
When Frank Mazza Said The Mold Was Old Green Paint. It Was A Greenwich Post Reporter, And Not A Greenwich Time Reporter, Who Took A Sample That Proved Frank Mazza Was Lying To The Taxpayers.
Will The Bloggers, Citizen Journalists And The Free Weekly Newspapers Have To Once Again Do The Heavy Lifting For The Greenwich Time Editors And Reporters At The Byram Library Construction Fiasco.

Stamford police get new guns
STAMFORD -- About 80 percent of the city police force has been outfitted with new firearms since they began being phased in earlier this winter, and officers are training on them in the department's fire range.

Dems OK hike in DOT work week
HARTFORD -- Despite the fiscal crisis, Democrats on the legislature's Appropriations Committee found a way Thursday to increase the hours of 875 transportation workers from 35 to 40 a week without debating cost.

Schools brace for more cuts
Town budget officials are expected to call for new reductions to the education budget, a move that would likely force district administrators and school board members to consider further cuts to programs and services in the 2009-10 school year.

Critically injured Norwalk woman improves as Greenwich police investigate crash
The condition of a Norwalk woman critically injured in a car crash on King Street last week has improved, but is still serious, officials said.

Residents angry McNamee allowed to bid on bridge
The town's decision to allow the same construction company that walked off the job on the problem-plagued North Mianus sewer project to bid for a bridge replacement contract is drawing the ire of homeowners who received the hook-ups.

Teens cause stir on Greenwich Avenue.
Two teenagers caused quite a stir on Greenwich Avenue Thursday afternoon after police received word of a possible robbery in the area, which later turned out to be a shoplifting incident, police said.

South Norwalk station better, mayor says
Recurring complaints about crime, lack of security and parking at the South Norwalk train station are unreasonable given recent improvements, Norwalk Mayor Dick Moccia told rail advocates.

Greenwich zoning board denies water company's expansion plans
Aquarion Water Company of Connecticut officials seemed undeterred in their plan to expand a mid-country treatment facility Thursday, despite a Planning and Zoning Commission vote against it.

Students' eyes opened to lives of slaves
It's one thing to read about the history of American slavery in a textbook. It's quite another to experience slaves' everyday lives firsthand, as 32 Greenwich Academy students did Thursday.

Stamford train station voyeur investigation expands downtown
STAMFORD - A former Stamford train station janitor charged with voyeurism now is accused of recording women in the bathroom of a delicatessen in Stamford and videotaping beneath women's skirts while they waited on the train station platform.

$750,000 sought for new Greenwich civic center roof
Home to a wide range of activities from sports camps to antique shows, the Greenwich Civic Center in Old Greenwich could be forced to shut down if the building's leaky roof isn't replaced sometime soon, town officials are warning.

Greenwich zoning board again reviews Russian tycoon's mansion plans
The mid-country drama surrounding the proposed mansion plan of a Russian billionaire's wife lives on.


If majority Democrats in the state General Assembly aren't going to change state law to defer action on arbitrated state employee contracts, then they must take up-or-down votes on the 11 pacts that are expected to come before them during this session.

With the state's projected budget deficit increasing daily and possibly heading into the $800 million to $1 billion range for this year, it's only fair to taxpayers that they know where their representatives stand on increasing state spending.

Assembly Democrats lost a golden opportunity last week when, along party line votes, they dismissed Republican attempts to postpone action on forthcoming state employee pacts until the current session's end, when all sides will have a better bead on the budget shortfall predicament.
Once a pact is arbitrated, the assembly has the option of approving or rejecting it, or taking no action on it within a 30-day period, after which the settlement automatically becomes effective.

At the center of the debate is a three-year pact approved by an arbitrator for nearly 5,000 Department of Correction employees. It awards raises of 3 percent this fiscal year and 2.5 percent in the next two fiscal years, though the union sought more. The cost of the contract's first year is $89 million.

No doubt, correction employees perform difficult and tough work, risking their lives daily in the state's prisons and jails. They have been working without a contract since last .... BLAH ..... BLAH ..... BLAH ...... BLAH ...... BLAH ....... BLAH ....... BLAH ...... BLAH ....... BLAH .....
UPDATE:
01/23 /09 - 10:11 AM

LOOK AT ALL OF THIS ONLINE GREENWICH TIME NEWS
NOW THAT GREENWICH ROUNDUPGAVE
HEARST NEWSPAPER EDITOR
BRUCE HUNTER
A COUPLE OF SWIFT KICKS
IN HIS REAR END .


GOOD JOB BRUCE !!!!
NOW KEEP UP THE GOOD WORK !!!!

Staff Writer
Posted: 01/23/2009 07:29:48 AM EST
Fourteen months after her breakthrough victory in the selectman's race, Democrat Lin Lavery is leaving the door open to running for the town's highest elected office this fall.
"I haven't ruled anything out," Lavery said in an interview.

Lavery, 60, said she will wait until the spring, however, before she makes up her mind on her political future, including whether to challenge Republican incumbent First Selectman Peter Tesei in November.

"The term of office is only two years. This is a local campaign, and I think it should be short," Lavery said. "I have things I have vowed to accomplish and I want to get them done."

Among those goals, Lavery said, is raising environmental awareness through a citizen-led task force that she helped to create, planning for a new community pool in Byram and collaborating on public service projects.

"I'd like to respond to what President Obama said and have a call to service," Lavery said. "If there's evera time when we need everyone to come together and help each other, it's now."
Tesei, 39, announced in November that he will seek re-election.

At the time, Lavery gave Tesei mixed reviews when asked for an assessment of his first year in office, fueling speculation that she might be laying the groundwork for a run for first selectman.
A former president of the Junior League of Greenwich, Lavery burst onto the political scene two years ago with her strong showing in the selectmen's race.....
.....Crumbine, 70, who followed that latter path to earn a fifth term on the board two years ago, has said he will announce his future political plans at the Feb. 25 Republican Town Committee meeting.
Michael C. JulianoStaff Writer
Posted: 01/23/2009 07:43:16 AM EST
Thursday's nearly cloudless skies were most fitting as state and local officials met for a ribbon-cutting ceremony celebrating the relocation of Blue Sky Studios from White Plains, N.Y
"In this economy, that's amazing and a true testament to the company," said Gov. M. Jodi Rell of the move that brings 300 jobs to the area.

The digital animation company, whose animated films include "Bunny" and "Dr. Seuss' Horton Hears a Who!," moved from a three-story, 85,000-square-foot building in White Plains to a one-story, 106,000-square-foot space within the Greenwich American Centre at One American Lane.

The move was facilitated by tax incentives promoted by the Hollywood East Task Force in Hartford in an effort ....
The Associated Press

Posted: 01/23/2009 07:26:42 AM EST
ALBANY, N.Y. - Gov. David Paterson has picked Democratic U.S. Rep. Kirsten Gillibrand to fill New York's vacant U. S.....
Staff Writer
Posted: 01/23/2009 07:30:25 AM EST
Playing its second game in as many nights and its third in four days, the Trinity Catholic ice hockey team had reason to be tired entering Thursday night's showdown against FCIAC rival Greenwich High School.
By Barbara A. Heins
Senior Writer/Arts
Posted: 01/23/2009 07:09:55 AM EST

Americana has strong appeal for younger collectors, Stella says. "It works well with children ... a little nick won't harm the value. Americana is wonderful for young families."

One of the trends collectors are bound to see this weekend is industrial furnishings.
"About 10 years ago, you didn't see any of that and I think because some of the antiques had increased so much (and priced some collectors out of the market), dealers starting taking things from the closed factories, the downton loft market. The industrial fits just marvelously ... it's fresh and new looking and it's new to the antique market. They've been redone ... stripped and polished."

Popular are work tables, architectural desks, architectural desk lamps, steel ....
The Associated Press
Posted: 01/23/2009 09:49:07 AM EST
NORWALK - Xerox Corp.'s fourth-quarter earnings plunged as the printer and copier maker booked hefty charges for layoffs and other restructuring costs, and the company on Friday forecast first-quarter profit below Wall Street expectations.
WHEN GREENWICH ROUNDUP TYPES:
GREENWICH TIME MANAGING EDITOR BRUCE HUNTER LISTENS.....
NOW CHECK OUT THE NEW AND IMPROVED
GREENWICH TIME EDITORIAL:
A Desparate Editor Bruce Hunter Throws Up George Schiele Letter To The Editor And Makes It Appear To Be Today's "LOCAL" And "HARD HITTING" Official Editorial.
Mr. Schiele is a Greenwich resident since 1967, and has served in RTM and on various town volunteer boards and not a Greenwich Time Editor.
However, Mr. Schiele does a much better job than Bruce Hunter's pitiful editorial writters, Maybe Hearst Newspapers Should hire Schiele.
Opinion

By George Schiele
Posted: 01/23/2009 07:08:11 AM EST
Last week, for the second time in several months, it was my privilege to sit through five-plus hours of Planning and Zoning Commission deliberations. The two main issues in contention were the Aquarian water company expansion of its facilities adjacent to the reservoir and the proposed major expansion of the Stanwich School; it was my proximity to the latter that had brought me to the meeting.
In addition to reinforcing my long-held respect for the considerable amount of time and effort contributed to the town by the unpaid volunteer members of the commission, it was on reflection my conclusion that the planning process in Greenwich has gone seriously awry, despite the presumably well-intentioned efforts of the members of P&Z and the Board of Appeals.
Although the projects in contention are disparate in nature, both share common questions of principle: Are they urgently necessary, are there alternative solutions, what really constitutes "progress," should significant conditions be attached, and, in the end, what kind of town do we want to have?

My own answers to those questions were quite different from those of P&Z, which voted to allow Aquarian to continue with engineering proposals, and, in the case of the Stanwich School expansion, granted final approval in the face of its substantial traffic and environmental impacts, which will overwhelm the capacity of narrow and limited access roads, challenge the ecology of much of Cos Cob and ........
PLEASE SEE:

OLD STYLE NEWSPAPER MAN DOESN'T UNDERSTAND
THIS NEW FANGLED INTERNET THING -A- MA-JIG !!!

Town mocks managing editor as computer illiterate

""Things have changed in the last 26 years, but Bruce Hunter hasn't."
Give Hunter an out-of-style suit, a disco ball, a clunky phone, an outdated computer and a Rubik's Cube and he he is a happy camper.

Our economy wouldn't survive without the Internet, and the cyber-world continues to represent the only hope of saving the Greenwich Time from becoming extinct

It's extraordinary that someone who is a Hearst Newspaper managing editor doesn't know how to update the the online opinion pages.

BRUCE OVERBOARD

Where's Bruce Hunter And
The "LOCAL HARD HITTING"
Online Greenwich Time Editorials ????

Online Readers At The Greenwich Time Wonder If
New Managing Editor Bruce Hunter Has Already Been
Thrown Overboard By Hearst Newspapers.

Just when you thought things couldn't get more bizarre at the Greenwich Time....
Chaos reigns at the Greenwich Time, where new Greenwich Time Managing Editor Bruce Hunter and his top two lieutenants have not updated the papers online Opinion pages since last Thursday January 15th - sparking rumors that they me feuding with their corporate owners at Hearst Newspapers.

On Friday January 16th a Stamford Advocate editorial was posted online at the Greenwich Time and it has remained there for the last five days.......
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Thursday, January 22, 2009

1/22/09 PRESS RELEASE: XL Insurance Unveils Pollution Insurance for Property Owners and Managers, a New Program for Commercial Real Estate Portfolios


XL Insurance, XL Capital Ltd's (NYSE: XL) global insurance operations, today unveiled Pollution Insurance for Property Owners and Managers, a suite of pollution insurance endorsements and claims and risk management services to help protect the value of commercial real estate (CRE) portfolios in the U.S.


Rich Corbett, head of XL Insurance's Global Environmental unit, said: "Environmental risks are always a big concern in real estate. An environmental incident can severely impact a property's value and interrupt business operations. Fortunately, environmental risk management providers. like XL Insurance, can pool decades of environmental management knowledge into developing a program like the Pollution Insurance for Property Owners and Managers, which takes a sophisticated and proactive environmental risk management approach to CRE portfolios."


The program combines pollution insurance, loss prevention services and dedicated environmental claims handling, Mr. Corbett explained.


"We advise clients on what they can do to prevent an environmental incident. In the event that a pollution incident does occur on any property in the portfolio, a portfolio manager not only has the pollution coverage to pay for clean up, but is supported by dedicated environmental claims professionals to make sure the situation is handled quickly and economically," he said.


Pollution Insurance for Property Owners and Managers provides a consolidated suite of coverage endorsements aimed at managing the environmental liability concerns faced by commercial real estate managers. It was developed to help real estate owners and managers protect their cash flow and property asset values; to satisfy corporate, investor and financier requirements; as well as create an efficient acquisition/divestiture process.


Available with liability limits up to $50 million, the Pollution Insurance for Property Owners and Managers is available with XL Insurance's Pollution and Remediation Legal Liability insurance policy and is underwritten by XL Specialty Insurance Company, Greenwich Insurance Company and Indian Harbor Insurance Company.


About XL Insurance


"XL Insurance" is the global brand used by member insurers of the XL Capital Ltd (NYSE: XL) group of companies. More information about XL Insurance is available at http://www.xlinsurance.com/. Through its operating subsidiaries, XL Capital Ltd is a leading provider of global insurance and reinsurance coverage and services to industrial, commercial and professional service firms, insurance companies, and other enterprises on a worldwide basis. More information about XL Capital Ltd is available at http://www.xlcapital.com/.


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Please send your comments and press releases to GreenwichRoundup@gmail.com

1/22/09 The Greenwich Citizen Has Not Updated Since Friday, But Greenwich Roundup Is Here With The Raw Greenwich News Feed (Updated All Day)

Here Are A Few Greenwich News Stories That Hearst Newspaper Editor Don Harrison Missed At The Geeenwich Citizen ......

IF YOU WANT TO KNOW WHAT"S GOING ON IN GREENWICH READ THE OUT OF TOWN PAPERS

TOP STORY:



Greenwich based Duff Capital Advisors, which once employed as many as 100 people, cut its staff by almost 80% last month, the New York Post reports...



Tough Times for Duff Lead to 80% Job Cuts
New York Post
... hiring a posse of hedge-fund management teams as well as constructing new office space at 100 West Putnam Ave. in Greenwich, Conn., spurring insiders to criticize Duff for having spent too much money before his firm made even a single investment....

Nymex Gas Declines on Reduced Demand for Energy as U.S. Recession Deepens
Bloomberg
... is making it difficult to quantify how far gas use may deteriorate, Tom Orr , research director at Weeden & Co. in Greenwich, Connecticut, said in a telephone interview. Industrial Users Demand from chemical makers and other large consumers of gas ...

$10.6 million will be used for New Haven line signalization upgrade
Stamford Plus Magazine
The $10.6 million to be approved by the Bond Commission will cover signal work on the line in Greenwich, from the New York state line. ...

Madison Man Admits to Fraud Scheme
TheDay, CT
Documents filed with the court and statements made in court show that in late 2002 Safdie approached Acorn Capital, a Greenwich-based assets lending firm, ...

Port Chester residents critique plan for village growth
The Journal News
... to the plan before approving it. "We must remember we are a unique community," she said. "We are not Rye or Greenwich or White Plains. We are who we are. The comprehensive plan was built around what the people of Port Chester want and need." ...



Boys hoop: Warriors struggle in rough FCIAC
Wilton Bulletin
... leaving the Warriors with a 2-8 record with 10 games left — and powers like Trinity Catholic, Bridgeport Central, St. Joseph, Greenwich and Staples, ...

Business Briefs - Jan. 22
Jackson County Pilot
... facilities in Arlington, Texas, and had expanded beyond its current capacity. Farleya s and Sathers is owned by Greenwich, Conn.-based Catterton Partners. The company has sales of more than $600 million following a series of acquisitions in recent ...

Apple Pops, Volatility Drops
Forbes, NY
Andrew Wilkinson is senior market analyst at Greenwich, Conn., based Interactive Brokers. Reach him via e-mail: ibanalyst@interactivebrokers.com .

Lady Wreckers stay on a roll, beat Cards
Westport News
... falls on the balance beam and many of its gymnasts had personal bests Monday in its 134.85-127.55 road win over Greenwich High at the Greenwich YWCA and raised its record to 4-0. The Lady Cardinals dropped to 2-2. "We did outstanding on beam and ...

Boys swimming: Wilton evens record with win over Trumbull
Wilton Bulletin
The Warriors were coming off a 132-48 loss to conference and state power Greenwich last week. Ross Gormley, Dan Mangan and John Craig all won two individual ...

Toyoda Said to Plan Replacement of Most of Toyota's Top-Level Management
Bloomberg.com - Asia
... to let Akio bring in new people,'' said Maryann Keller , an independent auto analyst and consultant in Greenwich, Connecticut. ``A new CEO wants to put together his own team.'' Keller, a Toyoda family acquaintance, said she hasn't discussed the ...

Skiing: Greenwich deals RHS teams rare double loss
Ridgefield Press
But any way you look at it, the Ridgefield High ski teams were jolted by a rare double loss to Greenwich in biting cold conditions at Mount Southington last ...

Injuries to Ankle, Knee and Shoulder Face Recreational Football Players
PRESS RELEASE PRWeb
... MD, MS, FACS, FAAOS, a leading orthopaedic surgeon and sports medicine expert with offices in Manhattan and Greenwich, Conn., specializes in helping football players of all levels to avoid damage, reduce the number of injuries and improve the ...

Dartmouth Hockey Ties In Worcester
WMUR-TV Manchester
... Andrew Owsiak (Moose Jaw, Sask.) at 7:33, firing over netminder Adam Roy's shoulder for the 1-0 lead. Peter Boldt (Greenwich, Conn.) also assisted. Dartmouth had some penalty trouble in the early goings but its penalty killing unit was up to task as ...

News > Unternehmensnachrichten > Ocean Tomo Releases Catalogue for ...
Ad-Hoc-News (Pressemitteilung), Germany
Headquartered in Chicago, Ocean Tomo has offices in Greenwich, San Francisco, Palm Beach, Orange County and Washington DC. Subsidiaries of Ocean Tomo ...

THE WEALTH REPORT
Wall Street Journal Blogs
Remember that proposed Greenwich, Conn., mansion with 26 toilets? Well its Russian owner, rejected by town planners on the first plan, downsized the home ...

Local Towns Attack Water Supply Issue
New Canaan News Review
The "back country" of Greenwich does not have a municipal water supply for fires, so the town has set up initiatives to build dry hydrants on public and ...



ECONOMIC REPORT Housing starts plunge to another record low
MarketWatch
... shockwave felt in the fall has clearly brought the housing industry to its knees," wrote Stephen Stanley, chief economist for RBS Greenwich Capital. ...



This Weekend
Bridgeport News
More than 40 masterpieces of modern sculpture, drawn from local collections in Greenwich and its environs, will go on exhibit Saturday, Jan. ...

Greenwich swimmers dunk New Canaan
Stamford Advocate
By David Fierro
Greenwich High School's Eric Minowitz swims to a first-place finish in the 500-yard freestyle during Wednesday's meet against New Canaan. ...



SWRPA outlines 2009 priorities
DarienNews-Review
One of 15 regional planning agencies in Connecticut, SWRPA provides regional planning services to the cities of Norwalk, Stamford, Darien, Greenwich ...



'Free and appropriate'
DarienNews-Review
...Special Education Attorney David Shaw said that the state has made it more cost-neutral for schools to out-place a student at a another public facility, whereas it used to be even more cost-effective for the schools. Shaw was the leading prosecutor in P.J. et al vs. the State Board of Education, a landmark Connecticut case dealing with the inclusion of children with intellectual disabilities....

....He said that when children are sent to "segregated schools," they rarely return to their home school district. "It is pretty much a one-way street, especially for children with severe disabilities.".....

... they can place the child in a private educational facility, such as Eagle Hill in Greenwich, Benhaven or Cedarhurst in Hamden, or High Road School of Norwalk, among many other private special education facilities in the state. ...

AllShows.com Named the Primary Ticket Seller for the Heirloom Arts ...
MSNBC
GREENWICH, CT - In yet another partnership developed to provide New York tri-state area consumers with unique entertainment experiences, AllShows.com today ...

Sure we're in bad times, but chin up, we are still Americans
Stamford Advocate
... adds still a lot more to the glass. Greenwich resident Carla Wallach is an author who has written numerous articles in national publications.....

Suzette Smith: From Hedges to the Heights
Shelter Island Reporter, NY
... Stars in the Heights, was born in Chingola, Zambia (a grandfather was CEO of a mineral company) but grew up in Old Greenwich and Milford, Connecticut. ...

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1/22/09 Greenwich Time News Links

The swearing in of President Barack Obama received a standing ovation at Town Hall, including, from front left, Barbara Fortunato, Roy Carey, Gracie Smith, Monique Christie and Pat Maranan. — Ken Borsuk photo



Tuesday was a day of celebration in Greenwich as people of all ages, colors and political viewpoints came together to mark the inauguration of President Barack Obama.




Just days away from presenting the municipal budget to the town, First Selectman Peter Tesei repeated that job cuts in town departments could sadly become necessary.


Mr. Tesei’s presentation, which is officially to the Board of Estimate and Taxation (BET), but the public is invited to attend, is set for 6 p.m. Monday night in the Town Hall Meeting Room. In an interview with the Post on Tuesday, Mr. Tesei said despite the best efforts of town departments to curtail expenditures, the job cuts could still be looming. However it is too early to tell how many there will be, if any, and it won’t be determined until the BET starts working on it and more finite numbers become available.


Mr. Tesei first brought up the prospect of the job cuts at the Jan. 14 Board of Selectmen meeting as something the town was looking at, but not necessarily something inevitable. He said he would not be looking for cuts in the police or fire department or at The Nathaniel Witherell.


“It is certainly not something we take lightly,” Mr. Tesei said at the meeting. “We have approximately 1,020 town employees and we’re focused on that area. If you exempt Witherell and you exempt fire and police, you lower your base to reduce from but we’re looking at somewhere in the neighborhood of 70 positions, just to put it out there as of today. It could change. It could be less.”


On Tuesday, Mr. Tesei told the Post town departments had submitted their operating budgets, including contractually mandated salary increases, with a 1% increase compared to last year. Mr. Tesei praised town department heads and the Board of Education for reducing non-salaried costs to make that possible, but despite that, the town is still facing having to raise the mill rate beyond the annual 3.5% growth the BET has called for to meet costs.....


.....When asked if he would be willing to simply raise the mill rate beyond 3.5%, Mr. Tesei said he wasn’t.


“In good times we held it to 3.5% at the time when we were addressing many of our capital needs but the reality is people are not in a position to pay more today,” Mr. Tesei told the Post. “I believe I was elected, quite candidly, with a mandate in terms of the vote and one of the things that I said I would do is have modest and predictable tax increases.”




Greenwich could be on the verge of finding a greener way to clean up after the introduction of a new policy requiring the use of more environmentally friendly cleaning and sanitizing products.


The policy, which is being considered by the Board of Selectmen, was put together by members of the Environmental Task Force. It requires that no cleaning product may be used inside a town building unless it has received the certification of Green Seal Certified or EcoLogo. This includes disinfectants, disinfecting cleaners, sanitizers and any antimicrobial products regulated by the Federal Insecticide, Fungicide and Rodenticide Act.


If the new policy is implemented, any existing cleaning supplies would be used until empty and then replaced by the environmentally friendly products. Companies that have cleaning contracts with the town would also have to use the green products.


The state of Connecticut already has a similar policy in place for cleaning in all of its buildings.


Elizabeth Bittner, a task force member and co-chairwoman of its cleaning products committee, presented the resolution to the board at its Jan. 14 meeting.


Before developing the proposal, committee members spoke with the town’s purchasing department and the various town departments, such as public works, parks and recreation and the Board of Education that use cleaning products, to solicit their ideas and feedback. Ms. Bittner said that everyone the committee met with “seemed receptive” to the idea of making the change and some have already started to consider the more environmentally safe products......




Despite a last minute attempt to postpone the decision until March, the Representative Town Meeting (RTM) voted overwhelmingly Tuesday night to provide more tax relief to eligible town seniors.


By a 153 to 4 vote, with three abstentions, the RTM approved a resolution allowing more seniors to be covered by the town’s existing tax relief program. Previously, seniors with a total income of no more than $39,000 were covered, but the new resolution will cover eligible seniors earning up to $60,000 a year, and will provide more money for those in lower tax brackets.


The motion to postpone consideration of the resolution was offered by District 12 member Michael Petrucelli. It was shot down by a voice vote.


Mr. Petrucelli, chairman of the RTM’s budget overview committee, said waiting until March would allow a court to first hear the appeals from North Mianus residents challenging sewer assessments. Those residents have not paid property taxes to the town because of the case.
Town Assessor Ted Gwartney said timing was a major issue with the changes because his department has a state mandated Feb. 1 deadline by which to issue notices to potentially eligible residents.


Before a vote was taken, a sunset clause was added to the resolution by the RTM’s legislative and rules committee, and approved by the full body, 150 to 19, with two abstentions. The resolution will come up for consideration again in 2013




With 1,500 schools, 136,000 employees and 1.1 million students under his direction, one would think that New York City Schools Chancellor Joel Klein wouldn’t have much time to concern himself with other districts’ students.


But last Thursday morning, Mr. Klein was the guest speaker at the Greenwich Alliance for Education’s enterprise council breakfast to discuss educational challenges facing the nation. He said all school systems, including Greenwich, are not serving students well enough and stressed accountability and reform as challenges that must be quickly tackled.


“We are not remotely demanding enough of ourselves in education at every level of the system, from our best schools to our most challenged schools,” Mr. Klein said during his remarks at the breakfast. “We need to take our game up more than a notch.”


Mr. Klein said for years people have been talking about all the things that should be done, including better curriculum, more pre-kindergarten education and more after-school help, but things aren’t being done because of “sacred cow” reasons. Mr. Klein said in the last 25 years real dollar spending on education had doubled, but achievement remains flat.




Making way for a hotel fitting the “mid-range family niche,” according to attorney John Tesei, the Planning and Zoning Commission unanimously approved plans last Thursday to demolish the former Howard Johnson Hotel in Riverside and build anew. While all members seemed accepting of the idea, the main hiccup prior to approval centered on the number of seats available in the restaurant and meeting room areas.


The new hotel will include 86 rooms at little more than 56,000 total square feet, down from 106 rooms and 48,513 square feet as a Howard Johnson. The plan also includes a restaurant with seasonal outdoor dining.


Blue Smoke, operated by Union Square Hospitality Group, is slated to open in the new space. The restaurant also has a location in New York City. As per Planning and Zoning Commission members’ request, seating in the indoor restaurant/bar, outdoor space, banquet area and board room will amount to no more than 342 seats.


“We’d like to get started for all the right reasons,” Mr. Tesei told commission members last week.


The owners of the new hotel also run the Delamar Greenwich Harbor hotel in Greenwich. Charles Mallory, general partner of the Delamar and founder of its operating company, told the Post last summer that the new hotel will “have a very different price point and less service” than the Delamar.




The town is proposing $20.5 million in capital projects in 2009-10, the bulk of which is slated for infrastructure repairs and construction.


“This year takes on an added challenge,” First Selectman Peter Tesei said at a public hearing last week, referring to the strained economy.


Mr. Tesei said the focus of this year’s proposed capital plan is on maintenance, completion of projects already started and items that are part of an overall plan.


Money for the remediation of the Cos Cob power plant site (a plan currently under review by the Planning and Zoning Commission), the town’s storm water master plan, a King Street fire station and roof replacement at the Old Greenwich-Riverside Community Center is included in the plan, among other items.


Citizens speaking out at last Wednesday’s public hearing — the second on the capital plan — suggested doing more for the drainage issues in town and turning to long-term debt through bonding to pay for some of the town’s projects. That is a departure from past practice of “pay as you go.”


“It’s not the time to spike the mill rate. It’s certainly not the time to add further burden,” Mr. Tesei said.


With a budget shortfall in the current year to be about $10 million, Mr. Tesei said, “we’ll have to find ways to cut back.” He said that the shortfall is due to the loss of income from the conveyance tax (due to lower sales of property), fewer building permits and applications, and losses due to “paltry” interest rates......

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