See http://www.youtube.com/watch?v=dMO-FQwIRiM
here you go: the "virtual portal into luxury" refers to what you call "nothing"
but everyone's "nothing" is different.
some have more "nothing" than others.
Tuesday, March 31, 2009
RICHEST MAN IN NYC AGAIN WITH $4.5 BILLION GAIN
Of course, this must be a lie also. Those innocent billionaires works hard and earn every penny.
For instance, given $16 billion "net worth". How did he do it?
Assuming it's by work (as we, the majority, do):
Here's one way:
- he earns by hard work @ $1000 / hour (he's worth every penny. Remember, minimum wage is: $7.25 per hour effective July 24, 2009) source: http://www.dol.gov/esa/whd/flsa/
- @ 6 days / week (he works very hard but even God rested on Sunday)
- @ 10 hours a day (he's only human, so he has to sleep)
- @ 50 weeks/year (he deserves his two weeks vacation).
So, our hard working capitalist has only worked 5333.33 years to earn that $16 billion.
And that's with zero taxes (as it is only right that our capitalist should not help anyone but himself, even though everyone contributes to his "wealth")
It's all in the Declaration of Independence: Listen: http://www.youtube.com/watch?v=40UX5x3kqpw
--------------------------------------
Here's the 4.5 billion gain:
2008 - 11.5 billion
2009 - 16 billion
BUST IS BOOM TIME FOR BLOOMY
RICHEST MAN IN NYC AGAIN WITH $4.5 BILLION GAIN
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By KIRSTEN FLEMING and LUKAS I. ALPERT
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TODAY'S HOT TOPICS
THIS WEEK'S HOT TOPICS
Last updated: 3:16 am
March 12, 2009
Posted: 3:05 am
March 12, 2009
It's good to be king.
Mayor Bloomberg is no longer just the most powerful man in town - he's the richest too.
Hizzoner has risen to the top of the Big Apple entries on Forbes magazine's 2009 billionaires list, reclaiming the title of city's richest man from oil and gas tycoon David Koch.
And in a year where the list of the world's billionaires shrank by almost a third due to the cratering economy, Bloomberg did the unthinkable - he got even richer.
Last year, the media mogul's worth clocked in at $11.5 billion. But after he bought back 20 percent of his company Bloomberg LP from a foundering Merrill Lynch in July, his value skyrocketed and he is now worth a staggering $16 billion.
Not since entrepreneur William Russell Grace won the mayorship in 1880 but spent every afternoon running his company, W.R. Grace, has the city had such a financial colossus at its helm.
While Forbes listed Bloomberg's worth as $20 billion on its 400 richest Americans list last September - meaning his value has dipped by $4 billion in the last six months - he still ranks as the 17th richest man in the world.
Bloomberg was quick to downplay the achievement.
"I don't pay much attention to these lists," he said. "The most important thing is what I do with philanthropy."
The mayor, in fact, came in at No. 9 on a list of the country's top philanthropists in 2008.
While Bloomberg's financial situation defied gravity, a scan through the rest of the list revealed how deeply the global economic collapse has bitten into the wallets of the world's wealthiest.
In all, the list shrank from 1,125 billionaires last year to 793, and their combined wealth slipped from $4.4 trillion to $2.4 trillion. Bloomberg was one of only 44 to see their value go up.
The average billionaire is now worth only $3 billion, down from $3.9 billion last year.
The bite was felt all over the world. The United States fell from 469 to 359 overall billionaires - down 110 from last year - toppling in overall value from $1.6 trillion to $1.1 trillion. Europe lost 102 billionaires and Asia lost 81.
The hardest hit was India's Anil Ambani, whose value shrunk by $32 billion in the last year.
"It's no surprise billionaires have been battered with the global economy," said magazine editor Steve Forbes. "No tears will be shed for the fact that a billionaire has gone down in his net worth."
Despite the hard hit taken by the dons on Wall Street, the shakeup has left the Big Apple as the city with the most billionaires in the world - with 55. That puts Gotham back on top of Moscow, which had 74 billionaires last year and has just 27 now, landing it in third place following London.
But plenty of super-rich New Yorkers got less rich in the past year. Corporate raider Carl Icahn saw his worth fall $5 billion and media tycoon S.I. Newhouse's holdings fell $4.5 billion.
David Koch - the previous holder of the wealthiest New Yorker crown - lost $3 billion, falling from $17 billion to $14 billion.
The global economic meltdown also rejiggered the list at the very top - once again making Microsoft founder Bill Gates the wealthiest man in the world with $40 billion.
He displaces Warren Buffett, who slips to second with $37 billion. Mexican telecom mogul Carlos Slim Helu is at third with $35 billion.
But collectively the three men lost $68 billion in the last year.
Falling completely off the list were former Citibank chairman Sandy Weill, former AIG chief exec Hank Greenberg and Facebook founder Mark Zuckerberg.
In all, 355 people fell off the list and only 38 new people joined.
source: http://www.nypost.com/seven/03122009/news/politics/bust_is_boom_time_for_bloomy_159183.htmsource (print): http://www.nypost.com/php/pfriendly/print.php?url=http://www.nypost.com/seven/03122009/news/politics/bust_is_boom_time_for_bloomy_159183.htm
Wednesday, March 25, 2009
Sunday, March 22, 2009
2007 NYRR Watch Report
2007 NYRR Watch Report
sources:
http://bartlett.oag.state.ny.us/Char_Forms/show_details.jsp?id={C8AF4860-DE8B-4639-BE52-0ED371839BDF}
http://www.oag.state.ny.us/bureaus/charities/about.html
---------------------------------------------------
Salaries:
Mary Wittenberg
Title: Board Member/President
Addr 1: 9 East 89th Street
Addr 2:
CSZ: New York, NY 10128
Country: United States
format: hours worked per week, compensation, contributions to benefit plans, expenses
40 $365,000.00 $15,600.00 $0.00
Total: $380,600
This is up 29% since 2005. Did your salary go up 29%?
Patrick McNamara
Title: Staff Vice President
Addr 1: 9 East 89th Street
Addr 2:
CSZ: New York, NY 10128
Country : United States
40 $167,999.00 $8,280.00 $0.00
Toby Tanser
Title: Board Member
Addr 1: 9 East 89th Street
Addr 2:
CSZ: New York, NY 10128
Country: United States
0 $300.00 $0.00 $0.00
---------------------------------------------------
Independent Auditors' Report
Board of Directors
New York Road Runners
We have audited the accompanying statements of financial position of New York Road Runners
("NYRR") as of March 31, 2008 and 2007, and the related statements of activities and cash
flows for the years then ended. These financial statements are the responsibility of NYRR's
management. Our responsibility is to express an opinion on these financial statements based on
our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United
States ofAmerica. Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material misstatement. An audit
includes considering internal control over financial reporting as a basis for designing audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness ofNYRR's internal control over financial reporting. Accordingly, we
express no such opinion. An audit also includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements, assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall 'financial statement
presentation. We believe that our audit provides a reasonable basis for our opinion
In our opinion, the financial statements referred to above present fairly, in all material respects, the
financial position of New York Road Runners as of March 31, 2008 and 2007 and the changes in
its nets assets and its cash flows for the years then ended in conformity with accounting principles
generally accepted in the United States ofAmerica.
O'Connor, Davies, Munno & Dobbins, LLP http://www.odmd.com/
New York, New York
July 22, 2008
---------------------------------------------------
Letter from NYRR VP of Finance
New York State Department of Law
State Charities Bureau Registration Section
120 Broadway
New York, New York 10271
Dear Sirs:
Please find enclosed form CHAR 500, 990, and the audited statement for the New York Road Runners
Inc. fiscal year ending March 31, 2008.
If you have any questions regarding the enclosed material, please contact me at 646-758-9656.
Sincerely
Patrick J. McNamara
Vice President, Finance
---------------------------------------------------
Revenue
Race Entry Revenue 17,141,128
Sponsership Revenue 11,303,158
Other Revenue 4,717,591
Publications & Advertisement 693,648
Classes Revenue 448,950
Medicare/Medicaid payments . . . .
Fees and contracts from government agencies
Membership dues and assessments . 1,418,297
This is interesting. Race Entry Revenue and Membership dues is 52% of reported revenue.
Maybe the people that pay for the public charity should have a say in the policy and operation and fees of the public charity.
Details:
(17141128+1418297)/35722772
0.5195
51.95%
---------------------------------------------------
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees
(a) Name and address of each employee paid more (b) Title and average hours
(c) Compensation
( d) Contributions to
employee benefit plans &
(e) Expense
account and other
than $50,000 per week devoted to position deferred compensation allowances
Ann Wells Crandall
9 East-89th-Street, New York, NY 10128, US Sen. Vice President
format: hours worked per week, compensation, contributions to benefit plans, expenses
40 269,000 11,220 0
Peter Ciaccia
9 East 89th Street, New York, NY 10128, US
Vice President
40 185,000 7,500 0
Robert L Laufer
9 East 89th Street, New York, NY 10128, US Vice President
40 160,000 6,600 0
Susan Cuttler
9 East 89th Street, New York, NY 10128, US
Vice President
40 150,000 6,600 0
Saul Zuchman
9 East 89th Street, New York, NY 10128, US
Vice President
40 108,722 0 0
---------------------------------------------------
(a) Name and address of each independent contractor paid more than $50,000 (b) Type of service (c) Compensation
Loeb Loeb
345 Park Avenue, New York, NY 10154, US Legal
146,483
---------------------------------------------------
Compensation of the Five Highest Paid Independent Contractors for Other Serv ices
(a) Name and address of each independent contractor paid more than $50,000 (b) Type of service (c) Compensation
American Pro Cyling
500 East 76th Street, New York, NY 10021, US
Art Design & Install
1,172,046
sources:
http://bartlett.oag.state.ny.us/Char_Forms/show_details.jsp?id={C8AF4860-DE8B-4639-BE52-0ED371839BDF}
http://www.oag.state.ny.us/bureaus/charities/about.html
---------------------------------------------------
Salaries:
Mary Wittenberg
Title: Board Member/President
Addr 1: 9 East 89th Street
Addr 2:
CSZ: New York, NY 10128
Country: United States
format: hours worked per week, compensation, contributions to benefit plans, expenses
40 $365,000.00 $15,600.00 $0.00
Total: $380,600
This is up 29% since 2005. Did your salary go up 29%?
Patrick McNamara
Title: Staff Vice President
Addr 1: 9 East 89th Street
Addr 2:
CSZ: New York, NY 10128
Country : United States
40 $167,999.00 $8,280.00 $0.00
Toby Tanser
Title: Board Member
Addr 1: 9 East 89th Street
Addr 2:
CSZ: New York, NY 10128
Country: United States
0 $300.00 $0.00 $0.00
---------------------------------------------------
Independent Auditors' Report
Board of Directors
New York Road Runners
We have audited the accompanying statements of financial position of New York Road Runners
("NYRR") as of March 31, 2008 and 2007, and the related statements of activities and cash
flows for the years then ended. These financial statements are the responsibility of NYRR's
management. Our responsibility is to express an opinion on these financial statements based on
our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United
States ofAmerica. Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material misstatement. An audit
includes considering internal control over financial reporting as a basis for designing audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness ofNYRR's internal control over financial reporting. Accordingly, we
express no such opinion. An audit also includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements, assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall 'financial statement
presentation. We believe that our audit provides a reasonable basis for our opinion
In our opinion, the financial statements referred to above present fairly, in all material respects, the
financial position of New York Road Runners as of March 31, 2008 and 2007 and the changes in
its nets assets and its cash flows for the years then ended in conformity with accounting principles
generally accepted in the United States ofAmerica.
O'Connor, Davies, Munno & Dobbins, LLP http://www.odmd.com/
New York, New York
July 22, 2008
---------------------------------------------------
Letter from NYRR VP of Finance
New York State Department of Law
State Charities Bureau Registration Section
120 Broadway
New York, New York 10271
Dear Sirs:
Please find enclosed form CHAR 500, 990, and the audited statement for the New York Road Runners
Inc. fiscal year ending March 31, 2008.
If you have any questions regarding the enclosed material, please contact me at 646-758-9656.
Sincerely
Patrick J. McNamara
Vice President, Finance
---------------------------------------------------
Revenue
Race Entry Revenue 17,141,128
Sponsership Revenue 11,303,158
Other Revenue 4,717,591
Publications & Advertisement 693,648
Classes Revenue 448,950
Medicare/Medicaid payments . . . .
Fees and contracts from government agencies
Membership dues and assessments . 1,418,297
This is interesting. Race Entry Revenue and Membership dues is 52% of reported revenue.
Maybe the people that pay for the public charity should have a say in the policy and operation and fees of the public charity.
Details:
(17141128+1418297)/35722772
0.5195
51.95%
---------------------------------------------------
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees
(a) Name and address of each employee paid more (b) Title and average hours
(c) Compensation
( d) Contributions to
employee benefit plans &
(e) Expense
account and other
than $50,000 per week devoted to position deferred compensation allowances
Ann Wells Crandall
9 East-89th-Street, New York, NY 10128, US Sen. Vice President
format: hours worked per week, compensation, contributions to benefit plans, expenses
40 269,000 11,220 0
Peter Ciaccia
9 East 89th Street, New York, NY 10128, US
Vice President
40 185,000 7,500 0
Robert L Laufer
9 East 89th Street, New York, NY 10128, US Vice President
40 160,000 6,600 0
Susan Cuttler
9 East 89th Street, New York, NY 10128, US
Vice President
40 150,000 6,600 0
Saul Zuchman
9 East 89th Street, New York, NY 10128, US
Vice President
40 108,722 0 0
---------------------------------------------------
(a) Name and address of each independent contractor paid more than $50,000 (b) Type of service (c) Compensation
Loeb Loeb
345 Park Avenue, New York, NY 10154, US Legal
146,483
---------------------------------------------------
Compensation of the Five Highest Paid Independent Contractors for Other Serv ices
(a) Name and address of each independent contractor paid more than $50,000 (b) Type of service (c) Compensation
American Pro Cyling
500 East 76th Street, New York, NY 10021, US
Art Design & Install
1,172,046
Daniel J Edelman
21992 Network Place, Chica o, IL 60673, US
Public Relations
283,381
Protective Strategies
14834 Das Marinas Drive, Corpus Christ, TX 78418, US Securi ty
280,192
Expert Collab LLB
29 Florence Drive, Florham ark, NJ 07932, US
Consultation and Collaboration
120,000
Race Results Weekly
PO BOX 8233, FDR Station, NY 10150, US
Coordinator
84,830
Total number of other contractors receiving over
$50,000 for other services . . . . . . . ? 8
---------------------------------------------------
Sales of Inventory
NEW YORK ROAD RUNNERS INC
13-2949483
Running Merchandise
Gross Sales $1,735,483.00
Gross Profit $489,165.00
Tuesday, March 17, 2009
Open Letter to Obama: AIG Bonuses
To Barack Obama:
I support your statement. How in the world can these wall street criminal take our tax dollars and give millions of dollars to each other.
You are responsible to make sure these people are punished.
The solution is end corporatism. Fascism and Bolshevism have been overcome. They had armies to defend them. Corporatism has nothing but you protecting it.
How in the world can a corporation be a person. It is not a person. But the current law gives it has more rights than a person.
Outrageous!
The solution is to promote cooperatives. We have a 12,000 member food cooperative here in Brooklyn and it's goal is sustainability, not exploitation. And we have no problem with meltdowns and greed and excessive bonuses.
I support your statement. How in the world can these wall street criminal take our tax dollars and give millions of dollars to each other.
You are responsible to make sure these people are punished.
The solution is end corporatism. Fascism and Bolshevism have been overcome. They had armies to defend them. Corporatism has nothing but you protecting it.
How in the world can a corporation be a person. It is not a person. But the current law gives it has more rights than a person.
Outrageous!
The solution is to promote cooperatives. We have a 12,000 member food cooperative here in Brooklyn and it's goal is sustainability, not exploitation. And we have no problem with meltdowns and greed and excessive bonuses.
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