Capital New York

Steve-Oh commented on Betrayed by the Zeitgeist she once channeled, Tina Brown invokes it one last time

By the way, Matt, I'll describe a simple way to roughly estimate the net worth of a NYC policeman at age 42....... and www.nypdrecruit.com brags about the fabulous pay & benefits to make it easy, WITH a simple assumption of COLA & interest discounting being equal, all you have to do is ignore COLA and interest discounting and assume lifespan to age 82. You'd learn that lifetime pay & bfts from 22 to 82 total about $5 to $6M, divide by 20 years working and that's $250k - $300k PER YEAR of working. Good god, husband & wife policemen make over $500k per year of working! Top "1%" !!! If only the news media had 1/2 a brain to figure it out ! What's worse........is that the bfts have tax-deferred and tax-free components that are astounding in their power compared to regular $500k earned every year for 20 years working! It's the greatest fleece-job on taxpayers ever designed (by unions.....and with enough complexity that no one bothers to figure it out !). It SHOULD make private sector investigative journalists VERY intellectually-curious.....but for some reason(s), has NOT !

Posted on December 24th, 2012 8:28am

Steve-Oh commented on Betrayed by the Zeitgeist she once channeled, Tina Brown invokes it one last time

Another way (perhaps a corollary but with heavy dose of personal opinion) to describe the demise, is this: There's only so much Leftist print-media drivel the public will buy. And as far as "news"......."Newsweak" and NYTimes are devoid of concrete news filled with facts to truly inform readers of what's happening in our country, states and cities. That's why NYT is really more of a 'magazine' that its devout readers imagine. Another "magazine" like Newsweak is superflous ! Look at A-1 of the NYT any day, and see that roughly 5 of 7 front page stories could have been written weeks before.....rather than news of the previous day. It's REAL sad that the NYT 'investigative' journalists can't think their way out of a paper bag, even for stories about their own freaking city......and Tina Brown at Newsweak was just as pathetic. Did they EVER try for 15 minutes to calculate the net worth of a NYCity policeman at age 42 when the "20&out" full pension and lifetime healthcare was earned? With final pay 'spiking' ? With COLA on pension and health-care"? Cuz if they had, they'd have learned that $3M or $4M is the answer......complete screw-job, con-job on the taxpayers of NYCity. Not to rant, but THIS type of govt malfeasance/con-job on the private sector public, is the REAL type of news that's causing cities to go broke, and will the taxpayers EVER understand it? No. So, goodbye Newsweak and hopefully soon, the NYTimes. Absolutely NO scrutiny of the very real current catastrophes hoisted upon us by our governmental entities. None, zilch.

Posted on December 24th, 2012 8:15am

Steve-Oh commented on Betrayed by the Zeitgeist she once channeled, Tina Brown invokes it one last time

To Matt Haber: VERY excellent article, particularly the 3rd to last paragraph........and coming from me, a fiscal conservative who can't stand the Leftist media, non-news reporters like Newsweek and NYTimes, etc, that's saying something. Another way of describing the demise of Newsweek, is this: (wait for next posting, see if I have to 'register' or something! )

Posted on December 24th, 2012 7:55am