Perdido 03

Perdido 03
Showing posts with label business as usual. Show all posts
Showing posts with label business as usual. Show all posts

Friday, October 4, 2013

Bill De Blasio Has Private Meeting With Rupert Murdoch And Mort Zuckerman

Danger! Danger!

Democratic mayoral nominee Bill de Blasio attended a private meeting with a number of leading New York City business figures yesterday.

Among them were Rupert Murdoch, the chairman of both News Corp. and its sister corporation, 21st Century Fox (who has taken a particular interest in trying to reshape public education); Robert Thomson, the chief executive of News Corp.; and Mortimer Zuckerman, the wealthy real-estate magnate who also owns the Daily News and U.S. News & World Report.

Several sources with knowledge of the meeting confirmed the attendance of de Blasio and all three top media figures but stressed that other businesspeople were also in attendance. The total headcount was around "a couple dozen," one source said.

The purpose of the meeting, as well as where it took place, is unclear. A spokesman for de Blasio's campaign declined to comment, as did spokespeople for Zuckerman and News Corp.

But it was held one day before de Blasio spoke to a larger collection of the city's leading business titans, at a breakfast this morning hosted by the Association for a Better New York. The city business-leadership group has been described by de Blasio as the "lion's den." De Blasio is advocating a tax hike for the wealthiest New Yorkers and the reduction of tax breaks for corporations.

As I wrote earlier today, de Blasio didn't get where he is by being some intransigent commie pinko Sandanista

He got there by being an expedient politician.

How much do you want to make a bet the sell-out for all those leftie promises he made during the primary campaign became official at the meeting with Zuckerman, Murdoch and the other business criminals today?

Monday, April 22, 2013

Housing Market Bubbles Up Again Thanks To Wall Street

I'm sure this will all end well:

MIAMI — Big investors are pouring unprecedented amounts of money into real estate hard hit by the housing crash, bringing those moribund markets back to life but raising the prospect of another Wall Street-fueled bubble that won’t be sustainable.

Drawn by the prospect of double-figure profit margins on rents and the resale of homes whose prices plummeted in the crash, hedge funds, Wall Street investors and other institutions are crowding out individual home buyers.

If the chain of easy credit and dangerous leverage that started on Wall Street fanned the housing bubble and eventual crash, some analysts find it disturbing that major investors are the ones snapping up the bargains — and eventual big profits — left in its wake.

“There is the possibility that Wall Street and the banks and the affluent 1 percent stand to gain the most from this,” said Jack McCabe, a real estate consultant based in Deerfield Beach, Fla. “Meanwhile, lower-income Americans will lose their opportunity for the American Dream of building wealth through owning a home.”

Real estate executives say institutional investors — who in some cases are bidding on hundreds of homes a day — account for as much as 70 percent of sales in some Florida markets. Over the past two years, analysts say, they also have accounted for a majority of purchases in other parts of the country where housing prices are rebounding sharply.

The influx of investors may explain why home prices have been rising in parts of the country most affected by the housing crash, despite high jobless rates and relatively few new mortgages being issued by lenders. In the past year, prices have risen 23 percent in the Phoenix area, 15 percent in Las Vegas, 9 percent in Tampa and 11 percent in Miami, according to the Case-Shiller home-price indice. Nationally, prices are up more than 8 percent over the past year.
 
“I don’t know whether things are as good as they seem to be. A lot of properties are being occupied by institutional investors, not the end-user,” said Scott Kranz, co-principal of Title Capital Management, a firm that helps big investors scout, buy and manage homes in Florida. “The end-user would need to see a great increase in jobs, availability of mortgage money and a loosening of the reins that have been holding them back. But all the economic indicators are that we are not at that point.”


And of course as the housing market tightens and the rental market tightens, prices go up for both rentals and sales.

Too bad there are no jobs to sustain those kinds of levels.

This housing bubble ended so well last time that you have to ask, what could possibly go wrong this time?

One more example of how the 1% screw the rest of us.

Saturday, November 10, 2012

NYCDOE Goes Ahead With Agenda Despite Sandy

Gotham Schools reports that the NYCDOE is going ahead with its school location agenda despite the chaos caused by Hurricane Sandy at the end of October.

Chancellor Walcott explained at Thursday's PEP meeting that they are on a strict schedule to meet all the deadlines that need to be met by law before they can go forward with their school closure/location agenda:

Kelvin Diamond, newly appointed member of the PEP board from Brooklyn, put forward a resolution to delay hearings for Brooklyn schools until 2013:

“We need to give people time to recover from this tragedy that we all have experienced in some way or another,” said Kelvin Diamond, the new Brooklyn borough president’s representative on the panel.
Diamond proposed a resolution to suspend all public hearings until 2013 for Brooklyn schools.

Hearings about four proposals to co-locate or shrink schools in Brooklyn were rescheduled because they were supposed to take place during the week when all schools were closed because of the storm. Hearings about another 6 proposals for changes to Manhattan and Bronx schools are set for between now and Dec. 20, when the panel is to meet next. The hearings must happen before the panel can vote on the proposals.

Diamond said it would be unfair to hold hearings when many Brooklyn residents cannot focus on changes to how school buildings will be used next year.

“They’ve been hit hard. We just can’t have a machine run through them,” he said. “I have a [Community Education Council] member who is grieving, who attended a funeral and didn’t have time to respond to a letter” from the city.

The other PEP members appointed by the borough presidents supported Diamond's resolution, but Chancellor Walcott and Mayor Bloomberg's appointees did not:

“Part of the balancing act we’re trying to do is be sympathetic to what’s going on in New York City right now.” Walcott said. “While we’re balancing that part of life, we also have to balance the reality that life does go on as well. Part of that is to make sure we maintain the schedule that will allow us to conduct the business.”

He and other officials noted that the city would run the risk of being unable to fulfill its schools agenda for the year if it waiting any longer than planned to vote on the proposals, which would determine where new schools are sited within existing schools.

 Manhattan PEP member Patrick Sullivan raised an objection to Walcott's assertion that the board needed to get back to business as usual as quickly as possible:

“It’s highly inappropriate” to hold hearings in the wake of hurricane, Patrick Sullivan, the Manhattan borough president’s representative, told officials.

“The administration is taking advantage of the fact that people can’t get to the hearings, can’t voice their opposition,” he added. “I would support the resolution not just for the specific Brooklyn proposals but for all the proposals that were moved to the December meeting.”

...

“So we have hundreds of thousands of people across the city grieving and we cannot defer the people’s business … but one person is sick, and we have to defer the budget vote for the school system?” he asked.

“We’re going to stay on topic,” a budget secretary responded, prompting a raised-voice squabble between Sullivan and Walcott.

“Madame Chair, may I ask my next question?” Sullivan said in almost a shout, repeatedly as Walcott asked him to stop talking.

“You’re not asking a question about the budget, you’re giving your opinion in linking people who are grieving to someone who was sick,” Walcott said. “Patrick, you’re not going to bully people. … Stop being dramatic and ask a question.”

“Why can’t you postpone the other votes because people are grieving?” Sullivan responded, prompting some applause from the thin PEP audience.

Gotham Schools reports that the PEP board went about its business as usual despite the objections of some members - even handing out a new contract to a tutoring company found to have engaged in fraud by overbilling the city for millions of dollars.

Just as I posted yesterday, I figured the NYCDOE would be going on with its school closure/charter opening/co-location agenda like nothing had ever happened.

That Walcott had to be as blatant about the need to get the co-location/closure train out of the station as quickly as possible shows you how desperate they are to make the most of Mayor Bloomberg's last full year in office.

That Walcott accused Patrick Sullivan of essentially politicizing the disaster and using it to delay business as usual shows what a diminished human being he is.

Dead people in the neighborhood?

We don't care, we're going on with business as usual.

People made homeless, living in shelters due to the storm?

We don't care, we're going on with business as usual.

Schools damaged, students spread all over the city attending other schools (or not attending school at all)?

We don't care, we're going on with business as usual.

I'll say one thing for the PEP board.  At least the borough presidents' representatives forced Walcott and Bloomberg's toadies to go on the record showing how much disdain they have for the children, parents, and teachers of this city.

Nothing is going to get in the way of their agenda - not even a natural disaster that displaced so many families and students across the city from their homes, jobs and schools.