I have a modest proposal for Bloomberg. That is Bloomberg LLC, the business media company. I propose that it implement a huge pension enhancement for existing staff and those already retired. Huge enough to push pension costs up to 25 percent of wages, force it to dramatically increase what it charges its customers, and cut back on some services. Then, since its labor costs would be high, I suggest that the company drastically reduce starting salaries for all new hires, and their benefits, to the point where virtually everyone else in their industry in the New York area pays more to those they are recruiting.
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A Modest Proposal for Bloomberg
|I have a modest proposal for Bloomberg. That is Bloomberg LLC, the business media company. I propose that it implement a huge pension enhancement for existing staff and those already retired. Huge enough to push pension costs up to 25 percent of wages, force it to dramatically increase what it charges its customers, and cut back on some services. Then, since its labor costs would be high, I suggest that the company drastically reduce starting salaries for all new hires, and their benefits, to the point where virtually everyone else in their industry in the New York area pays more to those they are recruiting.
A Modest Proposal for Bloomberg
|I have a modest proposal for Bloomberg. That is Bloomberg LLC, the business media company. I propose that it implement a huge pension enhancement for existing staff and those already retired. Huge enough to push pension costs up to 25 percent of wages, force it to dramatically increase what it charges its customers, and cut back on some services. Then, since its labor costs would be high, I suggest that the company drastically reduce starting salaries for all new hires, and their benefits, to the point where virtually everyone else in their industry in the New York area pays more to those they are recruiting.
A Modest Proposal for Bloomberg
|I have a modest proposal for Bloomberg. That is Bloomberg LLC, the business media company. I propose that it implement a huge pension enhancement for existing staff and those already retired. Huge enough to push pension costs up to 25 percent of wages, force it to dramatically increase what it charges its customers, and cut back on some services. Then, since its labor costs would be high, I suggest that the company drastically reduce starting salaries for all new hires, and their benefits, to the point where virtually everyone else in their industry in the New York area pays more to those they are recruiting.
Cuomo on NY 1
|Thursday night on Inside City Hall, Andrew Cuomo presented a pretty weak defense when asked about a charge made be Mark Green.
Here’s the exchange started by Dominic Carter –
“When you left HUD, Mr. Cuomo, did you receive any honorarium from companies that while you were at HUD they received HUD grants."
Cuomo: "Dominic, after I left HUD I’ve given lectures, speeches, etcetera to companies, its part of what I do. I may very well have spoken before a company that directly or indirectly received HUD funding. But so what?"
Carter: "But is that ethical?"
An Open Letter to Tom Suozzi
|Dear Mr. Suozzi:
You probably won’t remember me, since we have met only once, at Sharpton’s MLK-day event last February. However, I have been admiring your political activities from a distance, for many years now. You have built a powerful resume. I am very impressed with you as a leader in our political party. I find you refreshing. I have even spoken to Ms. Devlin (your manager) about working with you, especially on your “fix Albany” initiative. I have spent the last year defending your potential candidacy on the blogs, and I have publicly admitted to leaning towards voting for you in the upcoming primary. I have impressed countless others to give your candidacy a serious look, and they have. Most are impressed. With all this as a backdrop I write this letter, since today the petitioning process starts. This is the time to make real hard decisions.
Who Should Pay for Rent Control?
|Saturday’s NY Times has a column by John Tierney, advocating the end of rent control. (Can’t be linked to because it’s part of the Times’ pay per view section.)
Tuesday’s Times had letters defending rent control, the gist of the argument was spelled out in one letter – “Tell me, John Tierney, if you were an 83-year-old widow living on your Social Security in the same apartment, now rent-controlled, for 49 years, and the apartment became decontrolled, what would you do? “
I don’t think Tierney wants 83 year olds to be homeless and neither do other opponents of rent control.
Grapevine #2
|I know that I said I would update this segment every 2 weeks, but I am coming in a few days early this time, since it seems that I have pissed–off many people, and as such I need to clarify a few things.
So fasten your seatbelts, here goes.
Firstly; Eric Adams is going to win the 20th Senatorial race. I have said this before and yet his “peeps” are still angry at me. Even if 1199( union) hadn’t endorse him, he was still going to win this race. Anthony Alexis couldn’t even get an endorsement from his political club, and his former boss-lady (Rhoda Jacobs) is carrying Adams on her petitions to booth. Two other opponents (Elizabeth King and Bill Phillpotts) seem to have been running stealth-candidacies, and Moses ‘Musa’ Moore, the only challenger (to me) who could have made it a lil difficult for Eric, has withdrawn, as far as I know. Plus, Eric had has been wracking-up endorsements like nobody’s business. Plus, he has raised the most money in the field, and has the highest name-recognition by far. I know it is real early, but you can stick a fork in his opponents. This is not even a tough call folks. You can bet the rent-money on this race.
NY Taxes: High However Measured
|One of the tricks, or possibility of playing a trick (which I would never do), in the presentation of social and economic data is adjusting it – for population, income, inflation, and other conditions – so it is truly comparable and meaningful across geography and time.
With the May 31 release of fiscal 2004 state and local finance data from the U.S. Census Bureau, you may have heard that New York’s state and local taxes are still the highest per capita in the country. The per capita measure doesn’t take into account the higher overall wages and costs in downstate New York, which both limits the pain of higher taxes and requires them to purchase public services of equivalent scope and quality. Thus I have always used the Bureau’s other measure, revenues and expenditures as a share of the income of area residents, as the more fair and accurate metric. No matter: New York is still number one among states, and by some margin, and New York City is much higher than the rest of the state.
NY Taxes: High However Measured
|One of the tricks, or possibility of playing a trick (which I would never do), in the presentation of social and economic data is adjusting it – for population, income, inflation, and other conditions – so it is truly comparable and meaningful across geography and time.
With the May 31 release of fiscal 2004 state and local finance data from the U.S. Census Bureau, you may have heard that New York’s state and local taxes are still the highest per capita in the country. The per capita measure doesn’t take into account the higher overall wages and costs in downstate New York, which both limits the pain of higher taxes and requires them to purchase public services of equivalent scope and quality. Thus I have always used the Bureau’s other measure, revenues and expenditures as a share of the income of area residents, as the more fair and accurate metric. No matter: New York is still number one among states, and by some margin, and New York City is much higher than the rest of the state.