Who says it's all bad news, all the time?

Christmas Market terrorist shot dead.

Chérif Chekatt had been on the run since Tuesday after the attack, which also left 13 people injured.

He was killed after a police operation was launched in the Neudorf-Meinau area of the French city at about 9pm local time.

French interior minister Christophe ​told reporters three police officers came across a man they believed to be Chekatt and went to arrest him. He was understood to be hiding in a warehouse.

Far better this way than a lengthy trial and a short jail time, as is the usual European custom.

These days, merely treading water can be considered a triumph

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No one I know who bought a home in Greenwich twenty years ago expected their purchase price then would be identical two decades later, and they had real estate history to justify their faith. Indeed, for the next seven years, their expectations were met, and houses did increase in value. That all stopped in 2007-2008, and since then, most prices have declined — certainly if inflation is taken into account, and many have fallen. If a seller’s house today can fetch what he paid for it back in the 90s, even with improvements, then he’s lucky.

Case in point is yesterday’s sale of 54 Pecksland Road, which was purchased for $3.5 million, completely redone and expanded by Hobbes, one of our best, and most expensive, builders, in 2009, and closed yesterday for $3.225.

Admittedly, 1919 homes aren’t in vogue today, and Pecksland seems to have fallen out of favor, but this is a gorgeous house in its own way, with three acres of beautiful, manicured lawns and gardens and all in all, a place any buyer might covet —I know that I do — yet it sat on the market for years, suffering the slings and arrows of cruel price cuts, until it reached a bargain price that must have meant a huge loss for the seller. But even a “bargain” today might very well prove to have been too high a price further own the road.

The market is being squeezed: once-super-priced houses are selling for millions less than they might have twelve years ago, and they’re making houses currently asking, say, $3.5 million look like poor bargains in comparison. But the market for what were once million-dollar houses has expanded, pushing prices in the $1-$2 million range up. What was once a $3.5 house is going to pushed down into the high $2s, and existing $2s will start looking, er, “unimpressive”.

Something has to give.

Looking decent on S. Park Avenue in Old Greenwich

I do so hate these phoney “balconies”, but I’m sure this one could be easily removed

I do so hate these phoney “balconies”, but I’m sure this one could be easily removed

57 Park Avenue, new construction circa 2016, started at $3.2 million in July, 2016, and has at empty since, slowly dropping in price. Today it dropped to $2.3. I’ve always cautioned against using an original asking price to calculate value, and this house is small (2,500 sq.ft. up, additional bedroom and bath in basement), a bit cramped, and on a tiny yard, but $2.3ish is a fair price for this street. Plenty of recent comps to justify it.

Worth a look, in my opinion, if this is your price range.

Brace yourself, Bridget

and they’re back!

and they’re back!

Back in November, incoming Speaker of the House Pelosi promised to keep Speaker Ryan’s rule requiring a “super-majority” to impose a tax hike on “the lower-earning 80% of taxpayers. Under pressure from her left, she dropped that yesterday.

The incoming chairman of the House Rules Committee, Rep. Jim McGovern (D., Mass.), confirmed to colleagues on Wednesday that he would not honor the three-fifths supermajority requirement to raise income taxes, as reportedby the Washington Post.

McGovern's decision overturns a rule implemented under outgoing Speaker Paul Ryan (R., Wis.) that mandated a three-fifths majority approve any proposed hike to the income tax.

The change comes after a standoff between Pelosi and her moderate allies in the Democratic conference, such as incoming Ways and Means Committee chairman Richard Neal (Mass.), and younger, more progressive members like Rep.-elect Alexandria Ocasio-Cortez (N.Y.).

In November Pelosi and Neal initially proposed keeping the three-fifths supermajority rule for income tax increases "on the lowest-earning 80 percent of taxpayers." That notion, however, met stern opposition from Ocasio-Cortez and other progressives because it would severely constrain the ability of House Democrats to find new revenue sources to fund measures like universal health care and free college tuition.

It’s almost as though the Democrats are determined to destroy the consumer and business confidence that was built up by Trump and powering the recovery. People with money in their pockets are less inclined to look to Washington for their salvation, and we can’t have that.

Recycling fraud: up in smoke

Residential recycling falls into the same category as food drive campaigns for the needy: both are useless programs designed to make participants feel good while accomplishing nothing.

Food drives, as Slate Magazine pointed out years ago, are idiotic and even insane.

‘Tis the season for food drives. It’s a holiday tradition as storied as Christmas trees, awkward conversations with the in-laws, and embarrassing drunken moments at the office holiday party. Your employer, your church, and your kids’ school put out the boxes and ask everyone to drop off excess canned goods for the needy. Then the boxes are collected, sorted, and handed out to the poor. Everyone feels better about themselves, the hungry get fed, and you get to free up some much needed shelf space. It’s win-win-win.

The problem is that, economically speaking, it’s totally insane.

America, after all, is not a country stricken with famine. There’s no objective shortage of food, in other words, that makes it vitally important for you to draw down the stockpile in your kitchen cabinet. Indeed, many of us don’t even have that much food socked away, which leads to us going out to buy extra food in order to give it away. But having 100 different people go out and pay retail prices for a few cans of green beans is extraordinarily inefficient relative to pooling those funds to buy the beans in bulk.

But it’s even worse than that. All across America, charitable organizations and the food industry have set up mechanisms through which emergency food providers can get their hands on surplus food for a nominal handling charge. Katherina Rosqueta, executive director of the Center for High Impact Philanthropy at the University of Pennsylvania, explains that food providers can get what they need for “pennies on the dollar.” She estimates that they pay about 10 cents a pound for food that would cost you $2 per pound retail. You’d be doing dramatically more good, in basic dollars and cents terms, by eating that tuna yourself and forking over a check for half the price of a single can of Chicken of the Sea.

Beyond the economies of scale are the overhead costs. Charities are naturally reluctant to turn down donations for fear of alienating supporters or demoralizing well-wishers, but the reality is that dealing with sporadic surges of cans is a logistical headache. A nationwide network of food banks called Feeding America gingerly notes on its website that “a hastily organized local food drive can actually put more strain on your local food bank than you imagine.” Food dropped off by well-meaning citizens needs to be carefully inspected and sorted. A personal check, by contrast, can be used to order what’s needed without placing extra burdens on the staff

When residential recycling was first imposed as an environmental burden, it became clear that most people don’t want to spend hours sorting out their cans from bottles from newspapers to cardboard, etc., so to make it easier, municipalities turned to so-called single stream recycling, “to encourage participation. It’s a complete failure: a useless, expensive gesture. If you’re curious, enter the search “single stream recycling failure” into your browser and you’ll find hundreds of articles on the subject, dating back at least to 2002. For now, you can just enjoy this Washington Post article.

The collapse of the international (China, actually) market for low-grade paper and such might seem to call for a return to the hand-sorted method, but that’s also a failure.

In England, where residents are forced to sort (and often, wash) their garbage into four separate categories, half to eighty-two percent of the discarded trash is incinerated.

According to official figures just released, in the 12 months to March, 50 out of 123 councils in England incinerated more than half the household rubbish they collected, including plastic and paper.

The worst offending councils are in London. In Tory-controlled Westminster, for example, an amazing 82 per cent of all household and recyclable rubbish was incinerated.

….Many councils — and the Government that stands behind them with its official targets — are taking us for fools. They preach the value of recycling and engage our loyalty in what is presented as a vital social enterprise to save the planet.

They even try to justify introducing three-weekly garbage collections — to the delight of local foxes and rodents — on the questionable grounds that people are more likely to recycle if their bins are emptied less often. One council in Wales now collects only once a month!

Sententious councils bully householders over minor infractions. Bin men are expected to write reports on thousands of families for rubbish and recycling 'offences', and have been instructed by officials to rifle through domestic garbage and record where recycling is 'contaminated' with food or other waste.

And yet when our backs are turned after our mostly heroic efforts, many of these same councils, which demand such high standards from us, furtively slink off and put a match to the rubbish we have painstakingly sorted.

Feel-good, useless gestures are annoying precisely because the originators of such gestures know full well the futility of their schemes, but their hapless victims don’t, so they waste their time, thinking that they’re saving the world when in effect they’re doing nothing. Picture the latest craze, banning plastic straws, which serves only as an annoyance while accomplishing precisely nothing.

Baa humbug.

As the end of the year approaches. earlier contracts are closed

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113 Meadow Wood Road, Belle Haven, was a June contract that closed yesterday at $7.6 million. That was on an $8.250 ask, and found a buyer after just 49 days on the market, so pretty impressive.

To my eye, the house seemed dated, but it’s an easy walk to the club and it is in Belle Haven, which has always commanded a premium, so I guess I’m not surprised.

And a long run nears the end

Signal from the scout master: he wants to see us in his tent

Signal from the scout master: he wants to see us in his tent

Beset with judgments against them from pedophile suits, declining enrollment, Boy Scouts of America eye bankruptcy.

Their decision to admit girls earlier this year foretold it, but this has been long time coming, and though the huge civil judgments against the organization haven’t helped, the number of boys who want to learn outdoor skills has been dropping for decades. In the mid-60s, Riverside’s Troop II had a membership of 120, with so many others wanting to get in that a new Troop, 34, was created, while in Old Greenwich, Troop 3 another 100 boys or so participated. By the time my son John joined 1992, Troop 34 had been reabsorbed into Troop 2 and total membership was less than a dozen. It was a hard task for the three of us fathers guiding the troop to assemble even six boys for weekend excursions like, say, a canoe trip through the New Jersey Pine Barrens: too many conflicts with scheduled sports team practices and games,

So I’d lay the blame on travel teams and video games more than renegade scout masters. Regardless, sad to see an institution that since 1910 has provided such a great outdoor program fade away. Worse still, this classic will soon be relegated to the dustbin of history:

Just in time for Christmas, the perfect gift for all your "end CO2 by 2030" friends

Unicorn poops glitter and slime. Not quite farting rainbows, but your friends will appreciate it all the same.

The Poopsie Slime Surprise Unicorn is a doe-eyed doll with loose bowels, and it’s the hottest — and grossest — toy of the holiday season. The $49.99 mythological creature sucks down a bottle-fed meal of slime-making powdered “unicorn food” mixed with lukewarm water. Then, when a child pushes on her bellybutton, she shoots out a stream of candy-colored goo from a heart-shaped hole in her bottom.

Life is cruel

From our New Mexican correspondent, who still reads the NY Post, we learn that Bail-reform poster boy busted before he gets to meet Obama.

A poster boy for bail reform will miss out on meeting former President Barack Obama at a Manhattan gala awards ceremony Wednesday night — because he was busted during a traffic stop hours earlier.

Pedro Hernandez was stopped while driving a BMW in the Bronx around noon Wednesday, cops said.

A computer check revealed that the plates on the car were stolen and Hernandez’s driver’s license was suspended, and he was charged with aggravated unlicensed operation of a motor vehicle and related charges, a law enforcement source said.

The incident marked at least his 13th arrest and the third time he’s been stopped for driving without a license in the past two years.

Hernandez was being held pending arraignment, said his lawyer, Alex Spiro.

Hernandez became a cause celebre for critics of the criminal justice system when he refused to accept a no-jail plea bargain in a Bronx shooting on grounds that he was innocent.

He spent a year on Rikers Island before the Robert F. Kennedy Human Rights organization posted his $100,000 bail in July 2017.

The group is hosting its annual Ripple of Hope Gala at the New York Hilton Midtown on Wednesday night, with Obama among those set to be honored, and Hernandez was on the guest list, Spiro said.

“It is unfortunate and unfair that over a petty offense Pedro is forced to spend more time behind bars instead of attending the Kennedy event tonight, where he would have had the opportunity to spend time with President Obama,” Spiro said.

Don’t do the crime if you can’t do the time. Or, put more simply, “f’im”.