Recent comments by Mike in Long Island

Nice, I'm heading to the Capital Grille in Burlington Mass with 4 other couples should be a nice time. I'm sure I will be kicked under the table by my wife many times, but I'm on to her and wear a shine pad....he he.

For a chain they have very good food. Go for the stoli doli for a pre-dinner cocktail.

It's enrollment time - looks like to keep similar coverage will require a 40% increase in employee contributions this year.

Still - compared to COBRA it's a deal.

Because of the hurricane risk, natural gas generators aren't difficult or costly to install here, other than the cost of the unit itself. Don't know how reliable they would be if used as a regular backup source, though.

I think they are a no brainer choice for a standby/backup generator provided your natural gas supply is reliable.

After Sandy when a chunk of the Rockaways in Queens burned down due to ruptured gas lines I believe the utilities have installed shut offs to isolate flood prone areas to prevent something similar from happening in the future.

Once shut off I imagine there would be some caution taken in turning it back on.

My neighbor has a natural gas standby generator that automatically kicks on when it senses a power interruption. Unfortunately for him it was not located high enough off the ground and proved useless in the aftermath of Sandy after getting flooded.

I think a nice compromise would be to install a tri-fuel kit so you can fuel the generator with propane, natural gas or gasoline.

I agree, figure the longer she stays in the news, the less chance she'll ever work another day in her life.

So you're saying she has a bright future as a politician? If so - I'd agree.

Why It Took 23 Years to Link Amelia Earhart's Disappearance to This Scrap of Metal | WIRED

Without reading the article I'd venture a guess that there was an attorney representing someone with a claim on the estate who was billing by the hour.

This should have a red hat but just in case...

Study Finds Time Advantage in Distribution of SEC Filings - Bloomberg

Researchers investigating whether corporate documents are distributed to investors fairly by the U.S. Securities and Exchange Commission found evidence that some paying subscribers got the information first.

An examination of almost 18,000 filings by professors at the University of Chicago and University of Colorado found the commission’s Edgar system usually posted documents to its website after an electronic feed run by an outside vendor sent them to subscribers..The study of Form 4s, which track changes to stock holdings by company directors and officers, showed an average timing advantage of about 10 seconds

The researchers also found indications that share price and volume changed in related stocks. In cases when paying subscribers saw filings before posting on the SEC website, stocks moved about 30 seconds before the documents were posted publicly. “Abnormal volume” was also measured 30 seconds before the Internet posting.

JP wrote:

LOL, a whole new way for me to lose a fortune.

At least you have one to lose Smile

For something different - this looks like a massive adrenaline rush. Some serious skill involved.

Replay XD: Bernard Kerr TAXCO Urban Downhill - YouTube

JP wrote:

If only I could buy options with short expirations to play that.

Not affiliated, endorsing, etc. but there's at least one place out there that lets you trade binary options on the level of the DOW. I think they are 2 hour options.

Look at Nadex.

JP wrote:

I expect QE4 to be announced. You heard it here first.

The market reaction would be interesting. I'm thinking whipsaw. Huge selloff followed by BtFD rally and then To Infinity, and Beyond!

I think Iridium access starts around $100/mo.

Depends on how much you want.

I think Iridium access starts around $100/mo.

Rate sheets are here

mini VSAT Activation Process

Low end you can get for $49/mo for 50MB

(um, AB, methinks you have a cell connection.....it's a bit more complex than "sheets" vs 'lines", but it might be wise to know your tech......)

It's possible he is using his cell to create a wi-fi hot spot. On the other hand he might have a satellite service like this

Satellite Phone & Satellite Internet from KVH Industries

Funny thing, dawg. Everybody wants to go sailing until you tell them you're sailing in
November.

Pay attention to the weather AB. I for one have stopped my offshore ventures in October onwards after experiencing an asskicking of epic proportions by mother nature 130 miles offshore in October. I have no desire to repeat.

Rob Dawg wrote:

Checks calendar to make sure this isn't 2004.

Well what are you waiting for. Lever up bitches!!

Didn't you learn anything from Casey Serin?

But with over half of all transactions being in dark pools, who the hell knows what the hell is going on and what is the real price of anything anymore.....it's a disaster.

VIX futures only trade on one exchange - the CFE.
VIX options only trade on one exchange - the CBOE.
VXX cash is traded on many exchanges and dark pools.
VXX options are traded on 12 US Options exchanges.
SPX options which are used to calculated spot VIX are only traded on one exchange - the CBOE.

Yall read the VIX story over at ZeroBrains?
Massive naked short position on the vix.

That article is using VXX, VIX futures and VIX spot interchangeably in places. They are far from the same.

No, but I'm not happy with the Bluetooth connection so I may take it back for repair.

Remove the Tinfoil Hat and see if reception improves.

I have window shopped here with my wife while my kids were attending a birthday party in the area.

I saw more super cars in the parking lot than an episode of Top Gear..

One Percenters Drop Six Figures at Long Island Mall - Bloomberg

Americana Manhasset’s 60 shops sell the priciest status brands -- Dior, Gucci, Hermes, Cartier, Prada. Some customers spend more than $100,000 a year and five times that if they’re planning a wedding or buying fine jewelry. Danielle Merollo, the mall’s personal shopper, recently accompanied a client to a private Prada show in New York to buy a bespoke fur cape.

After spending three hours trying everything on, the women purchased a wardrobe full of clothes, including a gray Stella McCartney jacket for $1,935 and skinny gray pants for $800, a Brunello Cucinelli silver-trimmed cardigan for $2,745 and a $6,835 shearling coat and an Avant Toi top for $1,880. Two of the shoppers each purchased short gray suede Manolo Blahnik boots for $1,045 a pair.

RIP, NYC's middle class: Why families are being pushed away from the city - NY Daily News

Manhattan is now the most unequal county in America (it was 17th in 1980), with a Gini coefficient — which measures the disparity between the richest and poorest residents —higher than that of Apartheid-era South Africa.

Between 1990 and 2010, the city’s 1% saw their median income shoot up from $452,415 to $716,625 in 2010 dollars, even as the bottom 60% hardly saw their incomes budge at all, according to a recent City University study.

In 2009, the 0.5% of New Yorkers who made $1 million or more accounted for 27% of the city’s income (nearly three times their share nationally), and an even higher share of its tax take. But while the smart set that attends President Obama’s frequent Manhattan fundraisers has prospered, in no small part thanks to low-interest Federal Reserve policies that have helped big banks more than working people, just across the Harlem River roughly one in three Bronx households lives in poverty — making it the nation’s poorest urban county

sm_landlord wrote:

I just got an $1800 water bill for a ten-unit building. The tenants have somehow tripled their water use since spring.

They are selling the water to the farmers.

What comes after capitalism? - Salon.com

As SFU geography professor Geoff Mann points out in his new book Disassembly Required: A Field Guide to Actually Existing Capitalism the result was a Long Boom, a quarter-century when a single-income, working-class family could buy a house and send the kids to the unheard-of opportunity of college. From 1945 to about 1970, prosperity cut the legs out from under North American and European communism. Then came the Longer Downturn, which is still with us.

During the 40 years since Richard Nixon unilaterally ended the Bretton Woods system of monetary management that followed World War 2, the postwar social contract has been slowly but systematically torn up.

justaskin wrote:

stupid and evil, working hand in hand
special place in hell, one can only hope

FTA

There is nothing illegal about depositing less than $10,000cash unless it is done specifically to evade the reporting requirement. But often a mere bank statement is enough for investigators to obtain a seizure warrant. In one Long Island case, the police submitted almost a year’s worth of daily deposits by a business, ranging from $5,550 to $9,910. The officer wrote in his warrant affidavit that based on his training and experience, the pattern “is consistent with structuring.” The government seized $447,000 from the business, a cash-intensive candy and cigarette distributor that has been run by one family for 27 years.

Compare and contrast

- NY Times

The details of Mr. Spitzer’s financial transactions — how he took money from his personal accounts and sent it to the prostitution ring’s front company, QAT International — were always the crucial questions in the case. Prosecutors, from the start, were trying to determine whether there was ample evidence to charge Mr. Spitzer with a crime called structuring, which makes it illegal to conduct financial transactions in a way intended to conceal their source and purpose.

Whiskey wrote:

OT: The new iTunes sucks even worse than the last update. It's like they are trying to create the lousiest, least intuitive interface possible.

If you are having a hard time finding the Iggy Azalea or Ariana Grande stuff let me know and I'll get my 13 yo daughter to talk you through it.

Whiskey wrote:

NY isn't the bumfuck hospital in Dallas that gave its nurse less protection than what you would find in the first few rows of a typical Gallagher show.

I'm certain NY benefited from the bumbling in Dallas. Had roles been reversed I am not confident it would have been terribly different but who knows.

Whiskey wrote:

My home isn't exactly a cabin in the woods, either.

Yeah well lawn guyland isn't exactly remote but better than living in a 50 story high rise.

Really hoping dr ebola remains the only confirmed case or if any others pop up that the source of their infection is clearly identified quickly else the city might get mighty tense might quick.

Whiskey wrote:

Lots. Given our location, any serious outbreak, and we are screwed.

I can do pretty much all that I do from home as long as I have an internet connection and a phone. If it comes to that I'm pretty sure no one's going to care much about what I do so the BCP is somewhat moot.

Whiskey wrote:

Vietnam begat heroin.
Dirty Latin American wars begat cocaine.
Economists talk about the multipliers associated with government spending, but crime has its own multiplier, only it goes the other way.

How much ebowla talk at your place of employ? Someone dusting off the BCP?

Jackdawracy wrote:

That's like the lever up flipside to that guy trying to buy 6,000 hovel ready homes in Detroit.

There's more money in selling to the 1% than the 99%....

lawyerliz wrote:

Sounds nice.

Not my style. It looks more like a showroom than a place to live and relax. The views are nice but not worth $10k/mo in maintenance costs.

I'm going to lever up like Belmont says and try my hand at some luxury rentals

- NY Times

The monthly maintenance charges for No. 16C, where 4,200 square feet of lavishly renovated interior space is augmented by more than 4,000 square feet of outdoor terraces with panoramic city skyline vistas, are $10,450.

Rickkk wrote:

Doctor in New York City Tests Positive for Ebola
OCT. 23, 2014

Governor Cuomo just said "he handled himself appropriately."

Apparently feeling under the weather on Tuesday and subsequently going out for a night on the town on Wednesday and using mass transit to do so is "handling oneself appropriately" for a Dr who has recently returned from caring for ebola patients.

ResistanceIsFeudal wrote:

I don't think they're part of the Good Economy...

He was traveling to hipster haven.

gutter

​We have authentic wooden lanes taken from a center in Ohio from the 70's, sweet machines to keep your scores, and we never turn the lights off so you can always see your friends react to you getting a turkey. XXX

JP wrote:

I assume Brooklyn is considered expendable.

Williamsburg for certain Smile

josap wrote:

Sounds very much like the beginning of a bad zombie movie.

So this guy felt crappy on Tuesday but decided to go ahead and head out on a night on the town despite having recently returned from caring for Ebola patients.

Somehow I don't think the NYC Subway is conducive to contact tracing. If he tests positive for ebola I guess we will find out in 21 days or so how easy it is to catch in a close quarters/mass transit setting.

I wonder what impact this will have on mass transit in NYC tomorrow if this guy tests positive for ebola?

- NY Times

Dr. Spencer began to feel sluggish on Tuesday but did not develop a fever until Thursday morning, he told the authorities. At 11 a.m., the doctor found that he had a 103-degree temperature and alerted the staff of Doctors Without Borders, according to the official.

However, while the test results are still incomplete, officials were concerned about his travel around the city in recent days.

Mr. Spencer went to a bowling alley in Brooklyn on Wednesday evening, according to a city official briefed on the contact tracing efforts. He took the subway to Brooklyn and a taxi home.

Assuming he left from his apartment on the upper west side his route would have taken him through 42nd Times Square and Union Square stations.

3 train to 42nd - Q/R train to Union - L train to Williamsburg

More 'bola

Potential NYC Ebola Patient Took An Uber - Business Insider

The doctor who treated Ebola patients in Guinea and is currently being tested for the virus at New York City's Bellevue Hospital may have taken an Uber yesterday to a Williamsburg bowling alley, according to CNN reporter Vaughn Sterling.

Since Ebola is only transmitted by direct contact with bodily fluids or contaminated surfaces and the doctor reportedly self-quarantined himself as soon as he became symptomatic, the risk of transmission via the Uber car is very low. Still, the city's "disease detectives" may reach out to those who took the same car if they decide there is even a small risk.

Read more: Potential NYC Ebola Patient Took An Uber - Business Insider

Whoops. So much for self quarantine. Let's hope it's not ebola.

New York physician tested for Ebola - CNN.com

Investigators are taking the case seriously because it appears the doctor didn't quarantine himself following his return, the official said.
The official said the doctor was out in public. Authorities are possibly going to quarantine his girlfriend, with whom he was spending time since his return from Africa.

'bola news

New York City Doctor Who Treated Ebola Patients In Guinea Taken To Hospital With High Fever

According to the New York Post, the doctor, who CBS New York confirmed is male and in his mid-30s and an employee of Doctors Without Borders, reported a 103-degree fever and nausea.

Doctor Recently Back From Africa Being Evaluated for Ebola at Bellevue | NBC New York

A doctor who recently returned from West Africa is being evaluated for the Ebola virus at Bellevue Hospital after reporting fever and gastrointestinal symptoms, health officials said.

The doctor, who two sources said worked with an aide group treating Ebola patients, began to feel ill Thursday and called 911. He was transported from a building on 147th Street between Broadway and Amsterdam Avenue to Bellevue, law enforcement sources said.

The doctor returned to New York from Guinea about 10 days ago, the sources said.

You can rest easy now.

Multiple 3, 4 and more letter agencies have agreed that any firm involved in securitizations will need to have some skin in the game.

SEC.gov | Six Federal Agencies Jointly Approve Final Risk Retention Rule

Six federal agencies approved a final rule requiring sponsors of securitization transactions to retain risk in those transactions. The final rule implements the risk retention requirements in the Dodd-Frank Wall Street Reform and Consumer Protection Act.

And it's got a menu!

Permissible Forms of Risk Retention – Menu of Options
1. Standard Risk Retention
2. Master Trusts: Revolving Pool Securitizations
3. Representative Sample
4. Asset-Backed Commercial Paper Conduits
5. Commercial Mortgage-Backed Securities
6. Government-Sponsored Enterprises
7. Open Market Collateralized Loan Obligations
8. Municipal Bond “Repackaging” Securitizations

1 currency now -yogi wrote:

Maybe we should pay the legislators and judges less so we will get better quality of gentlemen.

As if it would be worse than what we have now?

In advance of governor's debate, Bharara rips Albany's "corruption disaster" | Politics on the HudsonPolitics on the Hudson

He focused what he said continues to be a state government dominated by lax oversight and special-interest money—whether it’s big donations to political campaigns because of New York’s porous laws or the fact that lawmakers can have outside incomes, often at companies or law firms that have business before the state.

sdtfs wrote:

Looks like they refused to pay the storage fees, and also she has agreed to reduce to 3 units.Check the bottom of the link.

I realize that but for years they paid $3800/mo for 11 storage units. I have to imagine they could have found her housing for a comparable amount.

Just seems like a misuse of resources.

1 currency now -yogi wrote:

What do you think, Mike, could higher fines for Wall Street pay for storage of the homeless? Otherwise they will greet you at your door and sleep in your lobby.

No higher fines will be offset by either reduced earnings or higher fees for customers. Any number of banks should have failed but weren't allowed to - that's the real issue.

Paying $200k for 11 storage units for the woman in the story I linked is just stupid - they could have spent the money on a place for her to live instead obviating the need for 11 storage units.

aleister perdurabo wrote:

Check this out. Taxes up nearly 50% on this beauty:

Ouch.

aleister perdurabo wrote:

property/house worth $500k have to pay in annual property taxes?
Rockland County, NY - approx. $14K per year.

How do you like our choices for governor in this years election?

Comrade Gibbon wrote:

Around $10-11,000 a year. Texas has county and city, and school district property taxes. Friend that lives in Austin says they're all around 2%. A little more in cities proper, and less in far away counties.

Here's a house in a so-so school district. Nothing special.

3343 Bertha Dr, Baldwin, NY 11510 - Zillow

$12,800 in taxes last year

It might get $380k on a good day despite the zillow estimate at $427k.

NYS has an income tax. Sales tax for someone where that house is located is 8.625% so no breaks there either.

josap wrote:

The store room is full, the extra shed is full, the garage has no room for a car and the rented storage garage is full to the top.

Consumerism is protected by law.

There is definitely something amiss when instead of finding this person affordable housing she ends up in a homeless shelter but the city picks up the tab to store her belongings to the tune of $200k.

Homeless Woman's Belongings Cost NYC Taxpayers $200K | NBC New York

Court papers show that New York City taxpayers have paid $200,000 to store the belongings of a homeless woman since 2006.
The New York Post says the city picked up the tab after Andrea Logan lost her Manhattan apartment after a debilitating stroke.

The city is required by state law to cover homeless people's storage expenses.

Spatch wrote:

Very high property taxes to make up for the lack of a state income tax.

Define high?

For example what would a property/house worth $500k have to pay in annual property taxes?

Bubblisimo Gerkinov wrote:

Random nutter from the sounds of it.

Wasn't there a situation a few days ago where a Canadian soldier was run down and killed by someone subsequently identified as a radical muslim?

Man Who Killed Soldier With Car Was Radical Muslim, Authorities Say - NBC News

Updates on reddit for those who believe in raw unfiltered data from sources like twitter

Shots fired at Parliament in Canada : worldnews

This probably has a red hat.

Ocwen’s Backdated Letters May Violate Consent Order - Bloomberg

Revelations that Ocwen Financial Corp. (OCN), the largest U.S. nonbank servicer, backdated thousands of letters to struggling borrowers may violate the settlement it struck in December with the Consumer Financial Protection Bureau and 49 state attorneys general.

That agreement, reached in December 2013, was intended to resolve mortgage-servicing issues with homeowners at Atlanta-based Ocwen and companies it acquired over the years. Benjamin Lawsky, head of New York’s Department of Financial Services, said in a letter yesterday that Ocwen backdated thousands of loan modification denial notices to borrowers in 2012 and continuing into 2014. The backdating left some borrowers with insufficient time to appeal the denials, according to the letter, “likely causing them significant harm.”

EDIT To add:

FTA; JOBS JOBS JOBS!!!!

“After all this time it’s outrageous that a company can’t even make sure that people get basic information on a reasonable schedule,” Cohen said. “What will it take for servicers to do their job?”

Ocwen administered 2.7 million loans in the second quarter, up from 800,000 two years earlier. In the same period, the number of employees doubled, to 11,300 from 5,400, with the majority located in service centers in India.