By Ed Zwirn
Originally published on June 28, 2015 in the New York Post.
If it seems like summer days are lasting longer than ever, it may not be your imagination. The last day of this month will last exactly one second longer, a fact that has sent financial markets and software developers in general into a mad rush to slow down. Continue reading
By Ed Zwirn
(Originally published on June 14, 2015 in the NY Post.)
New York’s local waterways may be clogged this boating season as local yacht sales cruise higher.
Stock portfolios and real estate values have been rising over the past few years, and sales of recreational boats of all sizes increased 7.3 percent in New York state in 2014, bucking a national trend of sinking sales, according to a National Marine Manufacturers Association report.
After years of floundering US sales as a result of the economic maelstrom that was 2007 to 2010, in which the industry saw a peak to trough decline of 60 percent decline nationwide for recreational boat sales, says Gerrick Johnson of BMO Capital Markets. Johnson adds that last year saw a rise of 8 percent in sales nationally.
A large part of the NY metro-area rebound, aside from the general economic recovery, is that local boat sellers are getting a boost as storm-ravaged property owners get around to replacing some of the 65,000 or so boats destroyed by Hurricane Sandy in 2012. Continue reading
by Ed Zwirn
Originally published on the NY Post – May 3, 2015. Read the original article here…
The race is on to secure the five licenses to be granted under New York state’s medical marijuana program, which takes effect in January.
And the cash-crop lottery could bring in millions for the winners.
Statewide revenues will likely total $239 million in 2016 and more than $1.2 billion by 2020, according to a report issued by GreenWave Advisors late last year. Continue reading
By Ed Zwirn
(New York Post April 26, 2015)
Marijuana has been smokin’ hot lately, with Wall Street trying to tap into the reefer madness with all sorts of funds aimed at businesses in Colorado and Washington state.
That being said, legalizing or decriminalizing cannabis is not the same as making it good business. Continue reading