By Jim Willis on Jun 6, 2008 in Business, Gov David Paterson, Government & Politics, Taxes & Spending | 0 Comments
The fox is not only guarding, but is now in complete control of the henhouse. Gov. David Paterson has appointed chairman of M&T Bank, Robert G. Wilmers, as the statewide chairman of Empire State Development Corp. (ESDC). Mr. Wilmers will not step down as chairman of M&T while he oversees the ESDC.
I’ve written about Economic [...]
By Jim Willis on Jun 6, 2008 in Business, Energy, Gov David Paterson, Government & Politics | 0 Comments
The fix is now in. Our illustrious philandering new governor, David Paterson, has granted his blessing on the foreign takeover of Energy East, which owns our regional electric and gas utility NYSEG (New York State Electric & Gas). He likes the idea that Iberdrola, the Spanish company who wants to buy it, will “invest” $2 [...]
By Jim Willis on May 19, 2008 in Business, Energy, Government & Politics | 1 Comment
Iberdrola is a Spanish company looking to buy out Energy East, parent of New York State Electric & Gas (NYSEG), our local electric monopoly. I’ve written about my opposition to this purchase before:
NYSEG Covers Up Alternative Bids in Favor of Spanish Company Takeover
Sale of NYSEG to Spanish Company Iberdrola Hits Big Roadblock
NYSEG Selling Out to [...]
By Jim Willis on May 16, 2008 in Business, Environment, Marcellus Shale, Why Binghamton? | 1 Comment
In the early and mid-20th century, Broome County, NY was a boom town. Some 20,000 people worked for Endicott-Johnson Shoe Company. By the mid-20th century, another 20,000 worked at what had been a little startup founded in Endicott in 1888, originally known as the Tabulating Machine Company, later renamed IBM. Yes, IBM was started here! [...]
By Jim Willis on Mar 22, 2008 in Business, Energy, Government & Politics | 8 Comments
At least the New York State PSC (Public Service Commission) is not sleeping while Energy East, parent of NYSEG (New York State Electric & Gas) seeks to sell out to a foreign owner. See PSC holds off approval of Energy East-Iberdrola deal in today’s Press & Sun-Bulletin.
The PSC is digging and has found there were [...]
