Monday, November 19, 2012

Friday, November 16, 2012

David Skorton



David Skorton can't even tell us how he thinks that New York can close Nassau OTB on Roman CAtholic Palm Sunday in preference to Greek Orthodox Palm Sunday. See eg NY Const. Art. 1, Sec. 3. Bettors do not care if tracks run in New York every day of the year as long as they can bet the races taking place across the United STates at tracks of interest to them.

Export DAvid Skorton to Gulfstream Park.



http://www.paulickreport.com/news/the-biz/skorton-era-begins-for-nyra-board-meetings-to-be-open/

Skorton era begins for NYRA: board meetings to be open

On November 7, 2012, the newly designated chair of the New York Racing Association Reorganization Board Cornell President David Skorton met with the management of the New York Racing Association, Inc. (NYRA), the Racing and Wagering Board and the NYS Thoroughbred Horsemen's Association at Aqueduct Racetrack.  
 
Following the meetings and a tour of the racetrack and Resorts World Casino New York City, Skorton said: “I am looking forward to working with the talented and devoted individuals on the NYRA Reorganization Board and professionals on the NYRA staff over the next three years. This is an important institution that has a long history in our state.  The racing industry is too important to the state for NYRA not to be performing at its peak.  We will reach out to all of NYRA’s stakeholders, including its customers, the track workers, owners, trainers, breeders, OTB corporations, and everyone else who cares about racing.  In addition to this outreach, we will hold public hearings at NYRA tracks to solicit input in order to build on New York’s premier racing status. 
 
“Among the first and most important matters to be taken up by the Reorganization Board are implementing the findings and recommendations of The Task Force on Racehorse Health and Safety.  These findings and recommendations will likely require material changes in operations and protocols at NYRA racetracks.  I welcome the interest in the work of the NYRA Reorganization Board. Meetings of this Board will be open, in accordance with the state’s Open Meetings Law.  Meetings have yet to be scheduled, but the first will be in Manhattan in December 2012."
 
David J. Skorton, Cornell University's 12th president, is a cardiologist, professor of biomedical engineering, and professor in the Departments of Medicine and Pediatrics at Weill Cornell Medical College. He is past chair of the Business-Higher Education Forum, an independent, nonprofit organization of industry CEOs, leaders of colleges and universities, and foundation executives; life member of the Council on Foreign Relations; and member of the board of directors of the Association of American Medical Colleges. He has been elected to the Institute of Medicine of the National Academies and is a fellow of the American Academy of Arts and Sciences. Skorton has long been active in regional and state economic development. During 2009 he chaired a gubernatorial Task Force on Diversifying the New York State Economy through Industry-Higher Education Partnerships. Cornell University is home to the Cornell College of Veterinary Medicine, which includes the Cornell Equine Hospital.
On November 7, 2012, the newly designated chair of the New York Racing Association Reorganization Board Cornell President David Skorton met with the management of the New York Racing Association, Inc. (NYRA), the Racing and Wagering Board and the NYS Thoroughbred Horsemen's Association at Aqueduct Racetrack.

Following the meetings and a tour of the racetrack and Resorts World Casino New York City, Skorton said: “I am looking forward to working with the talented and devoted individuals on the NYRA Reorganization Board and professionals on the NYRA staff over the next three years. This is an important institution that has a long history in our state.  The racing industry is too important to the state for NYRA not to be performing at its peak.  We will reach out to all of NYRA’s stakeholders, including its customers, the track workers, owners, trainers, breeders, OTB corporations, and everyone else who cares about racing.  In addition to this outreach, we will hold public hearings at NYRA tracks to solicit input in order to build on New York’s premier racing status.

“Among the first and most important matters to be taken up by the Reorganization Board are implementing the findings and recommendations of The Task Force on Racehorse Health and Safety.  These findings and recommendations will likely require material changes in operations and protocols at NYRA racetracks.  I welcome the interest in the work of the NYRA Reorganization Board. Meetings of this Board will be open, in accordance with the state’s Open Meetings Law.  Meetings have yet to be scheduled, but the first will be in Manhattan in December 2012."

David J. Skorton, Cornell University's 12th president, is a cardiologist, professor of biomedical engineering, and professor in the Departments of Medicine and Pediatrics at Weill Cornell Medical College. He is past chair of the Business-Higher Education Forum, an independent, nonprofit organization of industry CEOs, leaders of colleges and universities, and foundation executives; life member of the Council on Foreign Relations; and member of the board of directors of the Association of American Medical Colleges. He has been elected to the Institute of Medicine of the National Academies and is a fellow of the American Academy of Arts and Sciences. Skorton has long been active in regional and state economic development. During 2009 he chaired a gubernatorial Task Force on Diversifying the New York State Economy through Industry-Higher Education Partnerships. Cornell University is home to the Cornell College of Veterinary Medicine, which includes the Cornell Equine Hospital.
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The murder man can, the dearly departed NYC

OTB Managers, formerly members of Teamsters Local 858 proudly salute their pal Greg Rayburn, knocking out another.   













Twinkie Maker Hostess to Close

Hostess Brands, the maker of iconic treats such as Twinkies and traditional pantry staple Wonder Bread, said Friday it is shuttering its plants and will seek to liquidate the 82-year-old business. Rachel Feintzeig reports on Markets Hub. Photo: AP.
Hostess Brands Inc., the maker of iconic treats such as Twinkies and traditional pantry staple Wonder Bread, said Friday it is shuttering its plants and firing about 18,000 workers as it seeks to liquidate the 82-year-old business.
The company, which filed for Chapter 11 in January, said it has requested bankruptcy-court authorization to close the business and sell its assets.
A victim of changing consumer tastes, high commodity costs and, most importantly, strained labor relations, Hostess ultimately was brought to its knees by a national strike orchestrated by its second-largest union.
Barrons.com Fund Columnist Brendan Conway joins the News Hub to preview the Friday markets; The Dow has been down six of the last seven sessions, Hostess liquidates after strike, and the White House talks 'Fiscal Cliff.' Photo: Getty Images.

Corporate Intelligence

In a letter posted on a new site set up to communicate with employees and suppliers through the liquidation process, Hostess's CEO pinned the blame on its striking union. Read more..

Vote

The work stoppage, launched Nov. 9 by the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union to protest a fresh labor contract, affected about two-thirds of Hostess's 36 plants. The striking workers, which number in the thousands Hostess said in court filings on Friday, were making it impossible for the Irving, Tex., company to continue producing its baked goods, Chief Executive Gregory Rayburn said.
The CEO, a restructuring expert who took the top job at the company in March after its former leader abruptly resigned, said the wind down will take months and require few workers.
"We deeply regret the necessity of today's decision, but we don't have the financial resources to weather an extended nationwide strike," Mr. Rayburn said on Friday. The company will "promptly" dismiss most of its 18,500 employees and focus on "selling its assets to the highest bidders," he said. Hostess has said it couldn't survive without the reductions and pension restrictions it sought from employees.
Hostess won court permission to force the bakers union to accept an 8% wage cut in the first year of the five-year contract, new restrictions for pension plans and increases of up to nearly 20% in employees' healthcare costs. The company also planned to sell its 111-year-old Merita bread and bakery business.
A representative for the bakers union couldn't be reached to comment Friday. Bakers union leaders rejected Hostess's latest contract as too laden with cuts and union president, Frank Hurt, called it "untenable."
Ken Hall, the treasurer and general secretary for Hostess's largest union, the International Brotherhood of Teamsters, said the timing of the closure "could not be worse as we enter the holiday season."
"Unfortunately, the company's operating and financial problems were so severe that it required steep concessions from a variety of stakeholders but not all stakeholders were willing to be constructive," Mr. Hall said in a statement. The union said it would look for asset buyers willing to hire some of its 6,700 members at Hostess.
Hostess's remaining inventory—loaves of bread and plastic packages of icing-filled desserts—probably will be sold in bulk to a discounter or big-box store. The company will attempt to sell its plants and its brands, "everything and anything that we can," Mr. Rayburn said in an interview Thursday, before the company disclosed it would shut down.
Hostess filed court papers on Friday seeking a bankruptcy judge's approval to begin the wind-down. It estimates the process, which would wrap up operations at the company's plants, depots, retail outlets and corporate offices, will cost some $41.3 million in the first 13 weeks and that the liquidation of its accounts receivables and inventory will generate about $77 million in the first 10 weeks. The entire process should take about a year, Hostess said, and will be financed in part by the company's $75 million bankruptcy loan.
The company is also seeking permission to pay a group of 19 managers bonuses ranging from 25% to 75% of their annual base compensation. Those payments would total up to $1.75 million, the company said. In addition, it wants to pay 3,200 employees bonuses equal to 25% of what they will earn from Friday until their wind-down-related duties are completed. Those payments would total $4.36 million.
The company said that while it was unsuccessful in luring a buyer for the business as a whole, it had received some "potentially-viable proposals" for certain pools of assets. It hopes that chunks of the business will continue to operate in the hands of a new buyer.
Hostess's current private equity owner, Ripplewood Holdings LLC, is unlikely to recover anything in the liquidation.
The fate of the company's brands remains uncertain, set to be decided by a bankruptcy court auction run by Hostess's investment bankers, or perhaps determined by a group of liquidators. Mr. Rayburn has said he is unsure if all of the company's brands—there are about 30, from Drake's to Ding Dongs—will sell or how much they might fetch.
On the one hand, the names have decades of brand equity, and there is "pretty significant demand" for the products, according to Mr. Rayburn. Hostess has revenue of about $2 billion annually. But a competitor would have to ramp up production if it took on the Twinkies or Ding Dong brands and give up valuable shelf space already devoted to its own goods, Mr. Rayburn noted.
The specter of liquidation has loomed large since the bankruptcy case, Hostess's second in recent years, kicked off in January. From the start, the company has warned that labor cuts were its only chance to survive and said the only other possible outcome was a full shutdown of the business. Both Hostess and its largest union, the International Brotherhood of Teamsters, have long agreed a widespread strike would spell the end of the company.
But Hostess has threatened liquidation before in the case—and during its last stint in Chapter 11—and not followed through. Earlier this year, it said a vote against its last, best, final offer by either of its two largest unions would prompt an immediate liquidation. But when the bakers union gave Hostess just that trigger, Hostess instead decided to take its case back to the court.
At the time, Mr. Rayburn said he was changing course because of an unfair voting process that had been skewed by management, a claim bakers union president Frank Hurt denied.
The company's roller coaster of a bankruptcy case nearly led it to reorganization. Months of negotiations, threats and labor trials ultimately led to new labor terms with the unions. Some, like the Teamsters, gave their support willingly, though begrudgingly, while the bakers union was forced by a judge to accept the new deal. It bristled at the forced terms and began striking last week.
"It's just way, way over the top," the bakers union's Mr. Hurt said of the labor contract in an interview on Monday. The proposal garnered a near-unanimous rejection from members during a September vote. "It was an untenable proposal for our people," he said.
Mr. Rayburn earlier this week called on employees to return to work, vowing to pull the plug on the business if he couldn't get plants running again. As of Thursday morning, 13 plants were still operating below 50% capacity and three had been shut down—a sort of warning shot by the company that on Monday eliminated 627 jobs. Court papers indicate the company suffered $7.5 million to $9.5 million in losses as a result of the strike.
Associated Press
Diana McKinley from the Seattle local 9 pickets on Thursday at Hostess plant in Sacramento, Calif.
Mr. Rayburn blamed a host of factors, from years of mismanagement to a lack of capital investment to legacy labor costs, for the demise of the company, which was founded in 1927 as Schulze Baking Co.
"I think there's blame to go around everywhere," he said. "There's almost nowhere you can look that didn't play a role in the company ending up in this position."
Adam Hanft, a branding strategist behind Hanft Projects, sees the potential for new life in the liquidation of the decades-old company. A fresh owner of the intellectual property, which includes everything from names to recipes to graphics, could revitalize the Hostess brands, which Mr. Hanft sees as weakened but not lacking potential. He envisioned new flavors, limited-edition Twinkies, products co-branded with independent music groups and the potential for an international reach.
"Its nutritional emptiness in the right hands could be its core strength," he said, explaining that a buyer that embraces the brand's "kitschy," "deliciously retro" feel could be rewarded with a hipster following. He foresees a potentially diverse crowd of bidders for the property.
"It's the kind of iconic brand that might attract people who might not otherwise be interested in owning a consumer good," Mr. Hanft said.
Write to Rachel Feintzeig at rachel.feintzeig@dowjones.com

Thursday, November 15, 2012

Nassau OTB is open on Thanksgiving for those

that want to work or bet as it should be. However, the OTBs of NY State, public benefit corporations express a clear religious preference when they close only on Roman Catholic Palm Sunday and Roman Catholic Easter Sunday in preference to Greek Orthodox Easter Sunday and Greek Orthodox Palm Sunday. This is wrong and lawsuits should fly.  NY Const. Art 1, Sec 3 applies to NY Bettors.


New York Attorney General Eric Schneiderman has no more change of defending the constitutionality of NY PML Sec 105 and/or Sec 109 than he does in holding LIPA and its Board of Directors including John C Fabio, former Nassau OTB Executive Vice President John C Fabio accountable for their job supplying Nassau County residents with amp hours.

Teamsters Local 707 President Kevin McCaffey, an elected official in the Village of Lindenhurst, could not care less if Nassau County Bettors can bet when they want to and Nassau OTB workers work when they wish while they still can. We observe a moment of silence for all the Teamster dues payors who once were paid double time for working on ANY SUNDAY for New York City OTB prior to its death in bankruptcy court.

Teamsters Local 707 is frantically adding members because its pension plan is in critical status according to the US Dep't of Labor website. It will soon be taken over the Pension Benefit Guaranty Corporation.

Working for people who wish to do so. A day off for those who wish not to work.  There are people enough for both choices.


Nov. 15, 2012, 10:09 a.m. EST

Target faces ‘Black Thursday’ backlash from shareholders

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By Quentin Fottrell
Though shoppers have been grousing for the past couple of years about how Black Friday keeps creeping into Thanksgiving Day, it’s shareholders who are giving Target TGT +1.95%   grief over the decision to kick off its sales at 9 p.m on the holiday.

Lynn Watson / Shutterstock.com Enlarge Image
On Wednesday, in a coordinated effort to rally support for waiting until Black Friday to open their doors, a group of Target customers, employees and shareholders signed a petition with nearly 212,000 signatures on the site Change.org. The for-profit social change advocate, which earns money from providing services to nonprofits, says “dozens of shareholders” have left comments, arguing that the store’s decision encourages people to work and/or shop on Thanksgiving when they could be at home with their families. A Target spokeswoman says less than one-third of employees will work on Thanksgiving and will receive time-and-a-half their hourly rate, plus additional compensation for the hours worked between Thursday and Friday morning.
But several small shareholders contend that’s not good enough, according to Change.org. “I bought stock in Target because I was so impressed by the respect and concern they showed their employees and the communities where their stores are located, wrote shareholder Jill Larson, of Minnesota. “I am disappointed to hear about this decision.”
Fellow shareholder Ben Rabizadeh agrees. “I would gladly accept a slightly lower growth rate or slightly lower dividends in order to preserve the Thanksgiving holiday for all Americans,” he says.

Target's 'Black Thursday' upsets some shareholders

Though shoppers have been grousing for the past couple of years about Black Friday keeps creeping into Thanksgiving Day, it's shareholders who are giving Target grief over the decision to kick off its sales at 9 p.m on the holiday. Photo: REUTERS.
But larger investors have also accused Target of being the Grinch that stole Thanksgiving. Harrington Investments, a Napa, Calif., based socially responsible investment firm that owns 16,635 shares of Target stock, sent a letter to Target CEO Gregg W. Steinhafel on Wednesday asking him to reverse his decision ( see the letter ). “This will inevitably put our employees in a situation where they must choose between keeping their jobs or spending quality time with their families,” Harrington writes.
The petition was started by Casey St. Clair, a Target employee of six years who has asked other employees to write to Steinhafel in protest. St. Clair worked last year when Target opened at midnight on Thanksgiving. “By the time I left around 8 a.m., I was absolutely exhausted,” she says. However, St. Clair says she has “no problem” working Black Friday. “Thanksgiving, though, is one of the three days us retail workers get off a year, a day most all of us spend with family we only get to see on that day.”
Target isn’t the only retailer opening on Thanksgiving. Toys “R” Us, Wal-Mart Stores WMT -3.73%   and Sears Holdings Corp. SHLD -0.50%   will open at 8 p.m. In 2011, Toys “R” Us opened at 9 p.m. on Thanksgiving, Wal-Mart opened at 10 p.m., and Sears opened at 4 a.m. on Black Friday. Macy’s M +1.21%   and Kohl’s KSS -0.10%   will open at midnight on Black Friday, just as they did last year. 






HI-
Thanks for the help. The item’s below. I’d be happy to mail you a copy, if you give me a mailing address.

Claude Solnik
(631) 913-4244
Long Island Business News
2150 Smithtown Ave.
Ronkonkoma, NY 11779-7348 

Home > LI Confidential > Stop scratching on holidays

Stop scratching on holidays
Published: June 1, 2012


Off Track Betting in New York State has been racing into a crisis called shrinking revenue. Some people have spitballed a solution: Don’t close on holidays.
New York State Racing Law bars racing on Christmas, Easter and Palm Sunday, and the state has ruled OTBs can’t handle action on those days, even though they could easily broadcast races from out of state.
“You should be able to bet whenever you want,” said Jackson Leeds, a Nassau OTB employee who makes an occasional bet. He added some irrefutable logic: “How is the business going to make money if you’re not open to take people’s bets?”
Elias Tsekerides, president of the Federation of Hellenic Societies of Greater New York, said OTB is open on Greek Orthodox Easter and Palm Sunday.
“I don’t want discrimination,” Tsekerides said. “They close for the Catholics, but open for the Greek Orthodox? It’s either open for all or not open.”
OTB officials have said they lose millions by closing on Palm Sunday alone, with tracks such as Gulfstream, Santa Anita, Turf Paradise and Hawthorne running.
One option: OTBs could just stay open and face the consequences. New York City OTB did just that back in 2003. The handle was about $1.5 million – and OTB was fined $5,000.
Easy money.



Nassau OTB supplies the juice to LIPA

proudly contributing its past Executive Vice President John C Fabio to the LIPA Board of Directors.

Law quit; time for another Andrew CUomo hack - Long Island Nassau ...

www.theschwartzreport.com › ... › ForumsRumor Board
6 posts - 2 authors - 2 days ago
... Long Island Power Authority's Board of Trustees. Chairman: Howard E. Steinberg Laurence S. Belinsky X. Cristofer Damianos John C. Fabio ..

Wednesday, November 14, 2012

November 19 LIE

Meeting Of The Nassau OTB Board-Of-Directors
Date:
11/19/2012

Time:
11:00 AM

Description:
A public meeting of the BOARD OF DIRECTORS of the NASSAU OFF-TRACK BETTING CORPORATION will be held on Monday, November 19th at the Race Palace. The Race Palace is a handicapped-accessible facility.

Location:
The Race Palace at 1600 Round Swamp Road in Plainview (just off the Long Island Expressway at Old Country Road).

Contact:
Laura Tomeo
Phone: 516-572-2800 Ext: 139

Monday, November 12, 2012

note the Oceanside Branch listing

The website was viewed on Monday NOVEMBER 12, 2012. 
Perhaps there are only SEVEN Branches now?

Don't forget to commend former Nassau OTB Executive Vice President John C Fabio appointed LIPA Director by Sheldon Silver. The juice is loose?

http://info.nassauotb.com/otb_branches.aspx


  

Branches

Nassau OTB provides a complete range of wagering and entertainment options that satisfy the needs of both the serious racing fan and the casual, or beginner player:
  • 8 branch office locations
  • The Race Palace teletheater in Plainview, NY
  • An expanding network of restaurant locations and our newest Fast Tracks
  • Account wagering where a single convenient, portable account can be used for self service wagering in the all of the branch locations, via touch tone or telephone operator, and now on the internet at www.nassauotb.com.
Our 10 branch locations offer up to the minute racing information, cashier and self service wagering and simulcasts of a wide spectrum of premier racing, as well as the capability to open and make deposits and withdrawals to and from your Nassau OTB wagering account.
Nassau OTB Branch Locations and Hours:
Teletheater(Track Odds)
Mon-Thu: 11:30 AM-11:00 PM;
Fri & Sat: 11:30 AM-Midnight;
Sun: 11:30 AM-7:30 PM
Race Palace 1600 Round Swamp Road
516-572-8200
Plainview (LIE exit 48)
Day and Night Simulcasting
Mon-Sat: 11:30 AM-Midnight; 
Sun: 11:30 AM-7:30 PM
Carle Place 180 Glen Cove Road
Farmingdale* 4747 Hempstead Turnpike
Freeport* 131 W.Sunrise Highway
Franklin Square 1063 Hempstead Turnpike
Green Acres 1065 Green Acres Mall
Levittown*
*Sun:11:30AM-5:30PM
2680 Hempstead Turnpike
Daytime Simulcasting Mon.-Sun.:11:30AM-5:30PM
Oceanside 3450 Lawson Blvd.
Fast Track Locations
The Barefoot Peddler 37 Glen Cove Road Greenvale
B.K.Sweeney's Parkside Tavern 356 Broadway Bethpage
B.K.Sweeney's Uptown Grille 636 Franklin Ave Garden City
Charlie Meaney's 52 Central Ct(Ave) N.Valley Stream
Churchill's 18 South Park Ave Rockville Center
Edison's Ale House 550 Plandome Road Manhasset
J.Paul's Terrace Cafe 239 Merrick Road Oceanside
Pool House 2732 Grand Ave Bellmore, NY
Potter's Pub 2045 Hempstead Turnpike East Meadow
Runyon's 3928 Merrick Road Seaford
Trinity Restaurant 190 Jericho Tpke Floral Park