Archive for November, 2011

We are happy to again be the title sponsor for AM 930 WFMD’s annual “Christmas Cash for Kids” tradition.

Tuesday, November 29th, 2011

Please join us to support this worthy cause, and ensure that every child in Frederick has a joyous Christmas! 

Each year, WFMD works with the Salvation Army, a local Frederick bank, and many other businesses and organizations to raise money to provide Frederick children with a Christmas they would otherwise miss. Every dollar goes to directly to providing presents for the children – none of the money received is used for any overhead expenses.

Here’s what you can do at your place of business.  If you work at a retail business, put out a collection can and a poster in your storefront window.  Pass the hat in your company or come up with unique fund raisers, i.e. dress down days, funny hat days or whatever you come up with and have fun!  Call the WFMD offices at (301) 663-4181 for a poster or more information.  Click here to donate.

9/11 Memorial & Museum

Friday, November 18th, 2011

If you have the opportunity to visit the 9/11 Memorial/Museum in New York City, do so!  If not, make the

opportunity.  I had the privilege of touring the National September 11

North Tower Memorial Pool

Memorial, and the experience was indescribable!  The mixture of sadness and comfort you feel from the sights and sounds must be experienced in person to be fully felt and understood.  The memorial park is open 365 days a year and the new museum is planned to  open in the later part of 2012.

To find out more and reserve a free pass visit www.911memorial.org.

Idiots in the Park

Friday, November 18th, 2011

Yesterday I had a meeting in the financial district of New York City.  It just so happened that the office building where my meeting took place was right beside Zuccotti Park (the owner of the building also owns the park), where the Occupy Wall Street (OWS) protesters are based.  So, even though I had already been exposed to some of the riff raff the previous day when I was at the New York Stock Exchange, I couldn’t pass up the chance to walk over to the park and see first-hand what the “movement” is all about. 
Now, I have to admit that I have been following the protesters with moderate interest, however, once I arrived in New York, the subject was everywhere…front page of the newspapers, television news reports, radio reports, and of course seeing the protesters in person.  I am a strong supporter of free speech, and I assumed that the OWS folks would get their message together, have an organized agenda, rely on some intelligent, well-spoken representatives to convey that message, and move forward. 
Boy was I wrong!  The people I saw in Zuccotti Park and in other areas are just on an extended vacation and trying to stretch their 15 minutes of fame.  NYC Mayor Michael Bloomberg (who is a gutless, no-backbone billionaire), finally had the NYPD clear the park for sanitary reasons.  The protesters, along with their tents, sleeping bags, trash, etc. were booted from the park, to their extreme displeasure.  The filth and health hazards they created were so bad that water cannons had to be used to return the park area to acceptable conditions.  While conducting their cleaning, the NYC sanitation employees found drug paraphernalia (dozens of needle syringes), pipe weapons and other hazardous trash items.
When I walked over the park, a man was standing in the front line of the protesters holding a sign about equality.  I was OK with that, but then he opened his mouth and started shouting “ %&$#?! the sanitation workers…The NYC sanitation workers are scabs”!
And there it was, plain as day 10 feet away from me.  Some ignorant protester was cursing and demeaning a blue-collar worker for simply doing his job (and doing it well, I might add – the park looked great).  So what did this over-sized oaf (he looked like Shrek) want?  Was it to punish the so-called 1%?  Or, was it just his (their) insecurity and entitlement attitude that drove them to these protests looking for way to force the redistribution of income and wealth?
Can you imagine what this guy would do if offered the opportunity to handle any substantial amount of money?  I mean, if he won’t support the city worker who is doing his job (and cleaning up the protestors’ mess because they went to the bathroom in Zuccotti Park where they were ate and slept), why would we believe that he would give money to a church food pantry, a home for abused children, a water treatment project for a village in Africa?
They are the 99% all right…99% idiot!

“To Tell the Truth”.

Friday, November 18th, 2011

I’m a member of the New York chapter of the National Association of Business Economists.  A few days ago we had our monthly meeting for November at the Harvard Club in New York City.  Our guest speaker was Dr. Peter Orszag, who is currently the Vice Chairman of Global Banking at Citigroup.  Prior to accepting his position at Citigroup, he worked in the Clinton Administration and also served as a cabinet member for the Obama Administration.    His was the Director of the Office of Management and Budget from January 2009 until July 2010.

In between taking a couple of shots at economist, John Taylor (Mr. Taylor was on the short list to replace Alan Greenspan), Dr. Orszag admitted that the current administration has not focused enough on the U.S. housing sector.  His estimate is that there is some one million more homes in inventory than normal.  Obviously, that is a huge excess of inventory and will continue to have a negative impact on the U.S. economy unitl properly addressed.

Dr. Orszag also pointed out that private sector borrowing imploded in 2008, down some 45% from normal levels and has yet to return to normal.  He also said that even though the administration wanted $1.2 trillion instead of the $800 billion stimulus/spending package that was passed, the additional $400 billion would not have improved our economy at all.  Think about that…we were almost scared into another $400 billion of spending and the former Director of the Office of Management and Budget admitted that we wouldn’t be in any better shape!

Lastly, when asked about banks not lending, Dr. Orszag said that big companies are awash in money and have no problem getting loans, however, that is not the  case for small businesses.  He said small businesses continue to have problems securing loans because of the risk involved based on the economic and financial uncertainty that exists, and the difficulty of small businesses’ ability to function in the current environment.

It’s amazing what you can learn from a high-level politician once they are no longer a politician and all of the pork, payback, spending, etc they supported and helped pass is behind them.