Dan’s Papers October 21, 2011 danshamptons.com Page 30 have to fall, and they have to that has to do with hedging fall dramatically in order to get against growing global debt it. Want more jobs? Americans and companies that will benefit have to be willing to work for from people who are struggling. less, like they do in China. Want I like gold, McDonalds, and more industry? We need to cut even Google makes sense to out more regulation. me, since more people will be by David Lion Rattiner The baby boomer generation out of work and springing into could get jobs and afford things online ventures and need the because things cost less, and advertising. Those are my big even though wages were less, David, Giancarlo, Lana and Phil three right now in my personal it was enough for housing, food, trading accounts where I manage clothes, without having to go all of my money. I’d encourage I can remember being 14 years old and into debilitating debt. This same principal all of us to really think about the dangers of working at Candy Kitchen in Bridgehampton was true for the U.S. Government really all debt and debt instruments, and how they have and making about 60 bucks as a busboy there the way up until the Reagan administration. gotten us into terrible, terrible trouble when during a shift. I thought I had hit the jackpot But today, and for the last 35 years, what is going to the voting booth or when handling your back then. That was over a decade ago, I’m 29 common sense financial logic has been thrown own personal finances. now, and that thought has plagued me when out the window. The American government * * * I view what is happening to the American (and European governments) as well as most Okay, enough finance talk. Before I end economy. families, borrowed to live, and they continue my column, I have to mention my joy upon That busboy job of 60 bucks a shift hasn’t to borrow to live, putting themselves in debt meeting actor Giancarlo Esposito, the star changed much in terms of wages, much like that is un-payable. Based on what I can tell, of one of my favorite television shows of all that of all jobs in America, really, since the the government plans on continuing a series time, “Breaking Bad” in Southampton at 230 70s. Americans have been able to cope with of printing measures, which is essentially Elm on Saturday night. The night benefited this through the use of rising asset prices, most borrowing against your own currency, to keep the Barnaba Institute, which is a charity that specifically real estate and equities, which the country financially afloat. It’s sort of like battles sex trafficking. It’s a charity that I’d have gone up dramatically. These asset prices, getting one credit card, maxing out, and then never heard of before but fully support. I had especially real estate, have been largely driven getting another and hoping no one will notice. some great food by Jon Albrecht who is the up not by demand, but by more and more So here we are. What do I think will happen? executive chef at Tutto Il Giorno, as well as lenient debt instruments that ultimately lead Well, growth in countries that are in this debt unbelievable food from Sen in Sag Harbor and to the crisis thatyour we havepolicy in America Put totoday, theand test. trap will stagnate until they are willing to 230 Elm Caterers that completely blew me the collapse of 2008. 2008 was four years ago, swallow the fact that they can’t keep putting away. The truffled pheasant from 230 Elm was and all we’ve really done since is participate in off the debt, which they won’t do. So I expect to die for, and the rigatoni by Chef Albrecht activity that led to that collapse, borrow more to more of the same, and I think we’re all starting was like being in Italy again. I went with my DRIVERS WHO SWITCHED SAVED pay for what we cannot afford. to adjust already to new realities—global riots, neighbors Phil and Lana King, both of whom So what do we have? We have record unstable markets and overall uncertainty. are big fans of “Breaking Bad.” Check out the inequality in America financially, and we have I also expect a third stimulus, and then a Barnaba Institute Charity, they, like so many a system that has solutions that we don’t want. fourth. In terms of investing, I like anything others, need your support. Want more home ownership? Real estate prices
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* * * Two Manhattan galleries are currently exhibiting work by local abstract painters and sculptors. David Findlay Jr. Gallery features nine individuals in “East End: Artists of the Hamptons,” and Spanierman Gallery focuses on 11 in “Abstract Impressionism and its Legacy.” Among those featured are Herman Cherry, John Little, Alfonso Ossorio, Betty Parsons, Robert Richenburg and David Slivka. * * * The Riverhead Foundation’s rescue missions were featured on “My Fox NY.” The coverage focused on the Foundation’s current patient Chestnut, an Atlantic green sea turtle on display in the Rescue Center in the Long Island Aquarium and Seabreeze, an offshore bottlenose dolphin rehabilitated and released in 2007. * * * A Cake by Sacred Sweets of Greenport has been Named One of the 24 Most Beautiful in the Nation by Brides Magazine. The Peony Cake took Miche Bacher and Nanao Anton 10 hours to make. The cake is frosted in white and was inspired by a Yumi Katsura bridal gown. * * * The South Fork is home to a number of celebrities, but one is getting more screen time than most these days: the Hampton Jitney.
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Savings based on national customer-reported data for new policies in 2010. Actual savings vary. Discounts subject to terms, conditions and availability. Property anddata Casualty Insurance Company, IL. ©vary. 2011Discounts Allstate Insurance Company Savings based on national Allstate customer-reported for new policies in 2010.Northbrook, Actual savings subject to terms,
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Savings based on national customer-reported data for new in customer-reported 2010. Actual vary. Discounts subject terms, Savings policies based on national data savings for new policies in 2010. Actual savings vary. Discountsto subject to terms, and availability. Allstate Property and Casualty Insurance © 2011 Allstate Insurance Company conditions and availability. Allstate Property and Casualty conditions Insurance Company, Northbrook, IL. ©Company, 2011 Northbrook, AllstateIL.Insurance Company
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