Month: December, 2008

A Christmas present for Paradise Park: Part 3, the smoking gun

31 December, 2008 (09:21) | Legal, Local issues, Mobile homes, Paradise Park, Tenure, US News, Zoning and land use | No comments

[Continued from yesterday's Part 2 and Part 1.]
 
 
You think that’ll impress me?
 
To reach the ruling (available here in .pdf) whether the Paradise Park residents were entitled to the New Jersey Mobile Home Protection Act to Paradise Park, the New Jersey Appellate Court first wrote an operational definition of ‘in contemplation’ and then looked at the record, starting [...]

A Christmas present for Paradise Park: Part 2, “in contemplation”

30 December, 2008 (09:33) | Legal, Local issues, Mobile homes, Paradise Park, Tenure, US News, Zoning and land use | No comments

[Continued from yesterday's Part 1.]
 
As we saw yesterday, to make In the ruling (available here in .pdf) handed down two days before Christmas regarding the applicability of the New Jersey Mobile Home Protection Act to Paradise Park, a story I’ve been following this story for 2½ years (early posts in Part 1, Part 2, Part [...]

A Christmas present for Paradise Park: Part 1, the facts

29 December, 2008 (10:42) | Legal, Local issues, Mobile homes, Paradise Park, Tenure, US News, Zoning and land use | No comments

I taut I taw a tummawy judgment!
 
Last Tuesday, the New Jersey Appellate Court gave a big Christmas present to the beleaguered owners of mobile homes in Paradise Park, a 61-home mobile home park ideally situated on the waterfront in northern New Jersey near New York Harbor. 
 
I’ve been following this story for 2½ years (early [...]

Restore the uptick rule

26 December, 2008 (11:22) | Capital markets, Innovations, Regulation, Subprime | No comments

Should you be allowed to bet against something you don’t own?   If you make such a bet, should an army of your friends be allowed to pile on and make the same ghoulish bet?
 

We bet your stock is going to fall!
 
Might such a stampede of necromancers have contributed to the meltdown of financial stocks like [...]

What you reward: Part 2, be careful what you wish for

24 December, 2008 (09:48) | Capital markets, Regulation, Subprime, Theory, US News | 1 comment

[Continued from yesterday's Part 1.]
 
Yesterday we focused on the weakness of compensation structures tied to annual EBITDA calculation, using as our text an article from the New York Times that opened with an infuriatingly smug quote from now—departed CEO Stanley O’Neil:
 
“As a result of the extraordinary growth at Merrill during my tenure as C.E.O., the [...]