The breaking news at New York’s famed Chelsea Hotel is that managing partner Stanley Bard, and the rest of the Bard family, have been forced out by their board of directors. Starting Monday, an as yet unnamed new management company will take over the day-to-day operations of the hotel. The beloved Stanley—everyone calls him by his first name—has been in charge of the hotel for over fifty years. It was he who fashioned and maintained the unique creative dynamic of the hotel, presiding over the sixties when Bob Dylan and Leonard Cohen wrote some of their greatest songs here, and Andy Warhol filmed the fam ous Chelsea Girls . Since then, nearly everyone who’s anyone in the New York art, music and writing scene has lived here at sometime or another, including Patti Smith and Robert Mapplethorpe, Madonna, Dee Dee Ramone, and more recently Ethan Hawke and Ryan Adams. Stanley has always managed to keep rents low for the creative people living here, most of whom—unlike the stars listed—don’t have much money, but all of whom are just as important in maintaining the famous Chelsea spirit. Certainly we’re all a bit apprehensive here at the hotel, wondering what will happen now to our unique artistic community. The actual ownership structure of the hotel is a closely guarded secret. It is known that Stanley’s father, David, in partnership with two men named Krauss and Gross,
long term care insurance ought the hotel in 1940. (Stanley took over upon his father’s death in 1957.
Should you care to, you can hear me blahblahing on the World Service's Culture Shock . Until Monday. It's a hugely rewarding programme
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Should you care to, you can hear me blahblahing on the World Service's Culture Shock . Until Monday. It's a hugely rewarding programme to make, especially for someone like me who likes nothing more than making up opinions about stuff I'm in no way qualified to talk about. You get to go down in the bowels of Bush House, the people who make the programme are the kind of dedicated, thoughtful BBC broadcasters who make it the best organisation in the world and
pc cillin hey just play you interesting stuff and get you to talk about it. What could be better? But I think the best thing about it is the job description you find on the cheque you eventually get from the BBC; it's 'Presenter's Friend'. Isn't that the best job description ever? And it sums it up quite well too.
Oil Prices: A Three-Standard Deviation Overshoot A correction in crude oil has been overdue, but the downside in prices might not be as large as many anticipate. Oil prices have trended steadily upward this year. Using a simple regression model of oil prices against time, crude prices earlier this week reached a level that represents a three-standard deviation overshoot of the past year’s trend. Thus, the market was vulnerable to a correction, which may have begun yesterday. What is the potential downside? A quick return to the mid-point of the trend channel would imply a drop to only $50/bbl, or even less if it occurred slowly. Even a three-standard deviation undershoot still implies a price near $45/bbl by yearend. Bottom line: crude oil prices should correct further, but the downside may be limited unless there is
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Click HereOil Prices: A Three-Standard Deviation Overshoot A correction in crude oil has been overdue, but the downside in prices might not be as large as many anticipate. Oil prices have trended steadily upward this year. Using a simple regression model of oil prices against time,
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Oil Prices: A Three-Standard Deviation Overshoot A correction in crude oil has been overdue, but the downside in prices might not be as large as many anticipate. Oil prices have trended steadily upward this year. Using a simple regression model of oil prices against time, crude prices earlier this week reached a level that represents a three-standard deviation overshoot of the past year’s trend. Thus, the market was vulnerable to a correction, which may have begun yesterday. What is the potential downside? A quick return to the mid-point of the trend channel would imply
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The breaking news at New York’s famed Chelsea Hotel is that managing partner Stanley Bard, and the rest of the Bard family, have been forced out by their board of directors. Starting Monday, an as yet unnamed new management company will take over the day-to-day operations of the hotel. The beloved Stanley—everyone calls him by his first name—has been in charge of the hotel for over fifty years. It was he who fashioned and maintained the unique creative dynamic of the hotel, presiding over the sixties when Bob Dylan and Leonard Cohen wrote some of their greatest songs here, and Andy Warhol filmed the fam ous Chelsea Girls . Since then, nearly everyone who’s anyone in the New York art, music and writing scene has lived here at sometime or another, including Patti Smith and Robert Mapplethorpe, Madonna, Dee Dee Ramone, and more recently Ethan Hawke and Ryan Adams. Stanley has always managed to keep rents low for the creative people living here, most of whom—unlike the stars listed—don’t have much money, but all of whom are just as important in maintaining the famous Chelsea spirit. Certainly we’re all a bit apprehensive here at the hotel, wondering what will happen now to our unique artistic community. The actual ownership structure of the hotel is a closely guarded secret. It is known that Stanley’s father, David, in partnership with
washington mutual foreclosure wo men named Krauss and Gross, bought the hotel in 1940. (Stanley took over upon his father’s death in 1957.