Friday, March 02, 2012
Staples forward Nicole Bukovsky is blocked by a Career Magnet player during tonight’s 74-49 Wrecker loss to the Panthers in the second round of the Class LL championship in New Haven. Career, the No. 4 seed and defending Class LL state champion, started off strong, and 20th-seeded Staples did what it could to keep within distance during the first half. In the third quarter, Erica Stein stringed together several three-pointers to get as close as nine points, but in the end Career ran away with the game. It was the final game in a Staples uniform for seniors Jessica Cohelo, Remy Nolan, and injured Syd Houseworth. Coelho scored 23 points and Stein added 11. (CLICK TO ENLARGE) Daniel Gelman for WestportNow.com
Thursday, March 01, 2012
A Bridgeport federal judge today sentenced Westporter Daniel Steinberg, 43, to 30 months in prison for embezzling almost $1 million from a Shelton company facing backruptcy, said David B. Fein, U.S. Attorney for the District of Connecticut.
According to Fein, Steinberg, who pled guilty Aug. 9, 2011, was agent and manager for Reservoir Corporate Group LLC involved in Chapter 11 bankruptcy proceedings.
From August 2009 to August 2010, Fein said, Steinberg transferred $700,000 “without authorization from the Bankruptcy Court and used the money for personal expenses and the expenses of other businesses that he owned or controlled.”
“Steinberg also falsified the books and records of the LLC during the bankruptcy proceedings, and provided false financial information to the Office of the U.S. Trustee, to conceal the ongoing fraud,” said Fein.
The ranks of new restaurants in Westport’s center are about to get bigger. Developer Robert Haroun said The Town Hall Restaurant will open in the basement space of his Old Town Hall at 90 Post Road East. The space years ago housed Westport police headquarters. He said the eatery, owned by Westporter Chad Whited, is scheduled to open in three or four months and will serve hamburgers, sandwiches, and casual food with a bar. Meanwhile, Haroun has applied for permits to erect a two-story building at 100 Post Road East, site of the former drive-up banking building, that will have 4,600-square feet on the first floor with basement storage of similar dimension. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
By Judy Szablak
The latest Case-Shiller Report shows that U.S. home prices fell in December from the previous month, and according to the report, 2011 ended at the lowest levels since the onset of the housing crisis in mid-2006.
“While we thought we saw some signs of stabilization in the middle of 2011, it appears that neither the economy nor consumer confidence was strong enough to move the market in a positive direction as the year ended,” said David Blitzer, chairman of S&P’s Index Committee.
The national housing market remains somewhat sluggish, although there are still some positives.
According to the latest National Association of Realtors report, sales of previously owned homes rose in January to the highest level in almost two years. It said available housing inventory was right in line with what would be considered a healthy market by economists.
By Keith M. Phaneufwww.ctmirror.org
Contradicting two earlier reports that concluded that Connecticut’s largest utility was unprepared for last year’s two major storms, Connecticut Light & Power Co. offered utility regulators a private report today that found its power restoration efforts were “reasonable” compared with industry norms.
But the report submitted by Maryland-based Davies Consulting also recommended that CL&P take several steps to elevate its response effort to that of an industry leader, including seeking additional revenues to pay for expanded tree-trimming.
And CL&P’s top emergency response executive said this week that the company already has more than doubled its tree-trimming budget this year, although he wouldn’t comment on whether it would seek a rate hike to recoup some of that cost.
William J. Quinlan, the company’s senior vice president for emergency preparedness, also pledged that the utility would use the report “as a blueprint for achieving industry best practices. Connecticut has high standards and high customer expectations. That, frankly, is what we’re aspiring toward as a company.”
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UPDATE An opening date of Thursday, March 8 has been set for Urban Outfitters, the trendy clothing chain, at 101-107 Post Road East with a second entrance on Church Lane across from the Family Y. (An earlier report said the date was March 7.) The store is part of the Philadelphia-based Urban Outfitters, Inc., which also owns Anthropolgie and four other brands, including Terrain which is under construction on the former Curran Cadillac site on Post Road East. The Westport Urban Outfitters location was previously home to TD Banknorth. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Federal Reserve Governor Sarah Bloom Raskin, responding to a questioner at today’s Westport Y’s Men meeting, said abolishing the Federal Reserve as some have urged would “be a mistake” and a “huge step backwards.”
“My personal view is that would be a mistake,” she said before breaking into a smile as her answer drew loud laughter in the packed Westport Unitarian Church. “The Federal Reserve was put into place with a lot of thought, primarily a very hyper cyclicality preceded the creation of the Federal Reserve.
“And there was a sense that actually adherence to the gold standard was not in the long term interest of an institution building a kind of moderate –- and steering a moderate—path of growth in the economy.
“One thing that I say when I hear people argue for ending the Fed is ‘and then what? What would we put in place? What is the alternative here?’
Federal Reserve Governor Sarah Bloom Raskin addressed the WestportY’s Men today at the Unitarian Church and shifted easily from detailed economic talk to how policies affect everyday people—often in a very animated way and with much humor. She is the daughter of Westporters Arllene and Herbert Bloom. Larry Untermeyer for WestportNow.com and contributed photos
Federal Reserve Governor Sarah Bloom Raskin told the Westport Y’s Men today that while record low interest rates have cut income for savers, they will ultimately help increase returns for savers and investors. Raskin, whose parents Arlene and Herb Bloom are Westport residents, said the Dodd-Frank law will provide the regulatory framework to address some of the issues that led to the 2008 financial crisis. “Institutions that are too big to fail actually do have costs on taxpayers and costs on our economy,” she said in response to a question at the meeting at Westport’s Unitarian Church. (CLICK TO ENLARGE) Contributed photo
By James Lomuscio
Imagine a Westport teacher frustrated that the school’s heat is so high, she has to keep the windows open rather than clash with an administrator. Or a town department employee noticing his boss’ wasteful purchase order.
Maybe it is an average citizen witnessing idle road crews when the pothole in front of his or her home remains unfilled.
Now, these employees and residents can confidentially contact, Lynn Scully, the town’s internal auditor, with such financial concerns via a live website link at http://www.westportct.gov/internalaudit , Avi Kaner, chairman of the Board of Finance, announced.
“This is what we call a best practice,” Kaner said. “It’s what we’ve learned not only from other municipalities, but the private sector.”
Federal Reserve Governor Sarah Bloom Raskin gets a warm welcome home late Wednesday night from Westport parents Arlene and Herb Bloom. Raskin will address the Westport Y’s Men today at the Unitarian Church in a talk expected to get widespread coverage in the financial press. One of five board members, Raskin’s nomination by President Obama to fill an unexpired term ending in 2016 was approved by the U.S. Senate last September. Two weeks ago, it was disclosed that in a vote cast last October, Raskin was the lone dissenter when the Fed issued a proposed regulation implementing the controversial Volcker rule, which would restrict U.S. banks from making bets with their own capital. Prior to her appointment to the Board, Raskin was the Commissioner of Financial Regulation for the State of Maryland. She received her B.A. in economics (magna cum laude) from Amherst College and her J.D. from Harvard Law School. (CLICK TO ENLARGE) Phyllis Groner for WestportNow.com
9 a.m. - 11:30 a.m. - Westport Engineering Division web-based GIS viewer training session
10 a.m. - 5 p.m. - Westport Arts Center - “Toy Stories”
10 a.m. - 4 p.m. - Westport Historical Society - “Next Stop: Westport!” & “The Cold War in Our Backyard”
10 a.m. - 2 p.m. - Gilbertie’s (7 Sylvan Lane) - Westport Farmers Market Winter Market
1 p.m. - 2:30 p.m. - Westport Engineering Division web-based GIS viewer training session
7 p.m. - Westport Arts Center - Jazz Jam Thursdays
7 p.m. – Town Hall Auditorium – Planning & Zoning Commission Public Hearing (live coverage cable channel 79, AT&T channel 99, and westportct.gov)
7:30 p.m. - Westport Public Library - “In the Words of Women: The Revolutionary War and the Birth of the Nation, 1765 – 1799”
See more events: Celebrate Westport Calendar
Three Westport area state legislators held a Town Hall meeting tonight at Westport Town Hall to discuss issues in the current legislative session. Joining state Sen. Toni Boucher (at podium) were (l-r) Rep. Jonathan Steinberg of Westport (D-136), Sen. John McKinney of Fairfield (R-28), the Senate minority leader, and Rep. John Shaban (R-135), whose district includes Easton, Redding, and Weston. Several teachers expressed concerns to the legislators about Gov. Dannel P. Malloy’s proposal for education reform, including plans for stricter teacher evaluations. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Wednesday, February 29, 2012
Stephanie Townsend Head of Weston, wife of the late Ralph Dudley Head Jr., died Feb. 26 at Norwalk Hospital. She was 93.
Born in Cambridge, Mass., the daughter of the late William Henry Townsend and Dorothy Dwight Hutchison, she was a 1941 graduate of Bennington College. She received her M.S. degree in early childhood education from Southern Connecticut State University in 1975.
She was deeply involved in the field of early childhood education, as founder of the Hilltop After School Program, and the Norfield Children’s Center in Weston. She served as director of Weston Cooperative Nursery School, Bolton Pre-School and Norfield Nursery School.
She continued as director at Norfield Nursery School for 23 years until her retirement in 1985.