Super Stock Blog

Archive for the ‘Stock News’ Category

Published: 2:00 AM – 03/23/12

American Glory — Karaoke with DJ Ed, 342 Warren St., Hudson, 8 p.m. March 29. 518-822-1234. www.americanglory.com.

Aqua Terra Grille — The Shots Band, 420 N. Middletown Road, Pearl River, 10 p.m. March 24. 920-1340. www.aquaterragrille.com.

Aroma Thyme Bistro — Eric Erickson, 165 Canal St., Ellenville, 8 p.m. March 24. also: Jazz from 8-11 p.m. every Thurs. with John Simon and the Greater Ellenville Jazz Trio, no cover. 647-3000. www.aromathymebistro.com.

Babycakes Cafe — Dos Diablos, 1-3 Collegeview Ave., Poughkeepsie, 8 p.m. March 23. also: Just James with Bob Cage, 8 p.m. March 24. also: Blue in Green Quartet, 7 p.m. March 29. 485-8411. www.babycakescafe.com.

Bacchus — The big Heavy, 4 S. Chestnut St., New Paltz, 10 p.m. March 23. also: Dayenu with Madre Padre CD release party, 10 p.m. March 24. 255-8636. www.bacchusnewpaltz.com.

Backstage Cafe — Open mic, Vineyard Community Church, 609 Route 82, Hopewell Junction, 7 p.m. March 23. 240-1931. www.vineyardfishkill.org.

Backstage Studio Productions — 23 Wall St., Kingston. March 23: Conor and the Stonehill Kids, 9 p.m.; Melissa & Paul, 10 p.m. March 16. also, March 24: Yard Sale, 9 p.m.; Honor amongst Thieves Sideshow, 10 p.m.; Spectacular Average White boys, 10:30 p.m.; Honor amongst Thieves Sideshow, 11 p.m.; Five Points Band, 11:30 p.m. also: “The Revue,” curated by Sarah Fimm, with Amanda Jo Williams, Shana Falana, 9 p.m. March 27. also: Crooked Booked Open Mic, 8 p.m. March 29. 338-8700. www.bspinfo.net.

Baker’s Tap Room — Keith Newman, 184 Yulan Barryville Road, Barryville, 7 p.m. March 23. 557-8558.

BeanRunner Cafe — The big Takeover, 201 S. Division St., Peekskill, 7:30 p.m. March 23, $10. also: Sharel Casity Quartet, 7:30 p.m. March 24, $10. 914-737-1701. www.beanrunnercafe.com.

Bearsville Theater — “Official Blues Brothers Revue,” 291 Tinker St., Woodstock, 9 p.m. March 23, $30-$40. also: Reggae Spring Jam Dance Party, 9 p.m. March 24, $8. 679-4406. www.bearsvilletheater.com.

Bella Rosa Cafe — Tin Monk, 11 New Main St., Haverstraw, 7 p.m. March 23. also: Bob Dunn, 7 p.m. March 24. 429-9400.

Bourbon Street — DJ, 78 mill Pond Parkway, Monroe, 10 p.m. March 23-24 and 29. 782-8501. bourbonstreetbarandgrill.net.

Brian’s Backyard BBQ — Debbie Davies, 1665 Route 211, Town of Wallkill, 9 p.m. March 23, $10-$15. also: Fuzzy Clams, 9 p.m. March 24, no cover. 692-3227. www.briansbackyardbbq.com.

Bull and Buddha — Singles Night, 319 Main St., Poughkeepsie, 6-8 p.m. March 29. 337-4848. www.bullandbuddha.com.

Cafe Internationale — Cloudnyne, Ramada Inn, Route 300, Newburgh, 10 p.m. March 23, $5. also: The Bronx Express, 10 p.m. March 24, $5. also: Karaoke, 9:30 p.m. March 28. 567-9429. www.cafeinternationale.com.

Cafe Mezzaluna — Music Menu at Mezzaluna hosted by Bruce and Jeanne Hildenbrand with Dorraine Scofield, JB Hunt, Larry Balestra, Breakneck Annie, Route 212, Saugerties, 7 p.m. March 24. also: Chrissy Budzinski, 11 a.m. March 25. 246-5306. www.cafemezzaluna.com.

Captain’s Table — AKA, Route 17M, Monroe, 10 p.m. March 24. 783-0209. www.captains-table.com.

Catamount Restaurant at Emerson Resort and Spa — Ben Rounds Band, 5340 Route 28, Mount Tremper, 7 p.m. March 24. also: Open mic, 7 p.m. March 27. 688-2828. www.emersonresort.com.

The Chance — “Electric Flurry Tour,” 6 Crannell St., Poughkeepsie, 9:30 p.m. March 23, $22. also: Hindenburg, Get Your Wings, Greg Woods Project, Blackout, 7:30 p.m. March 24, $10. 471-1966. www.thechancetheater.com.

Chapala Grill — Leo B., 335 Windsor Highway, New Windsor, 7 p.m. March 29. 563-0902.

Christopher’s Bistro — Leo B., 69 Brookside Ave., Chester, 9 p.m. March 23. 610-5400. www.christophersbistro.net.

Club Harmony at Wok ‘n Roll Cafe — Blue Food with Paul Henderson, Peter Buettner, Stacey Waterous, Mike Cilletti and Ted Orr and guests Eric Parker and David Waldo, 52 mill Hill Road, Woodstock, 8 p.m. March 23. also: Open mic, 8 p.m. March 28. also: Saturday Night Bluegrass Band, 8 p.m. March 29. Visit Harmony Music Woodstock Facebook page.

Club Helsinki Hudson — Avondale Airforce, Alexander Turnquist, 405 Columbia St., Hudson, 9 p.m. March 23, $8-$10. also: big Joe Fitz and the Lo-Fi’s, 8 p.m. March 26. also: Zach Deputy, 8 p.m. March 29, $15-$18. 518-828-4800. www.helsinkihudson.com.

Dancing Cat Saloon — Dennis Newberg, 2037 Route 17B, Bethel, 8 p.m. March 23. also: Son Bully, 8 p.m. March 24. also Jazz Lunch & Brunch with Gary “The Piano Man” Mazz, 1 p.m. March 25. also: Stacy & Friends, 8 p.m. March 29. 583-3141. www.dancingcatsaloon.com.

Dautaj — Judith Tulloch Band with vocalist Shawn “Dimples” Austin, 36 Oakland Ave., Warwick, 8 p.m. March 23. also: Pianist-vocalist Richard Wiggins, 7 p.m. March 24. 986-3666. www.thedautaj.com.

Dave’s Coffeehouse — Jazz Wednesdays with Tom DePetris, Jody Sumber, Allen Murphy, 69 Main St., Saugerties, 8 p.m. March 28. 246-8424.

Dubliner Irish Pub — Doug Marcus, 796 Main St., Poughkeepsie, 6 p.m. March 23. also: Dance party with DJ Frankie Milo and DJ Ill Bill, 10 p.m. March 23-24. also: Dylan Foley & Friends, 5:30 p.m. March 25. also: Karaoke, 10 p.m. March 28. 454-7322. dublinerpubny.com.

Elsie’s place — The Bush Brothers, Kurt Henry, 1475 Route 208, Wallkill, 8 p.m. March 23. 895-8975. www.elsies-place.com.

Emerson — “Spotlight on Song” with Ann Klein/David Machowski Duo, Doug Yoel, 5340 Route 28, Mount Tremper, 8 p.m. March 29, $15. 688-2828. www.emersonresort.com.

Emmett’s Castle at Blue Hill — Irish Music Session, 285 Blue Hill Road, Pearl River, 5 p.m. March 25. 735-3504. www.emmettscastle.com.

Empty Bottle Saloon — DJ Victor Vargas, 30 W. Main St., Middletown, 10 p.m. March 23. also: Junket, DJ Artie C, 10 p.m. March 24. 344-4446. www.emptybottlesaloon.com.

Erhardt’s Waterfront Restaurant — Burden on Society, 205 County Route 507, Hawley, Pa., 8 p.m. March 23. 570-226-4388. www.ehrhardts.com.

Erie Hotel & Restaurant — Frank Sorino Band, 1 Jersey Ave., Port Jervis, 9 p.m. March 23. also: Win Michael, 9 p.m. March 24. 856-6325. www.theeriehotel.com.

The Falcon — Alexis P. Suter Band with Sam Reider, 1348 Route 9W, Marlboro, 7 p.m. March 23. also: Simone Felice & His Band, 7 p.m. March 24. also, The Saints’ of Swing Swing Dance Night, 7 p.m. March 25, also: Jim Campilongo Electric Trio, 7 p.m. March 29. 236-7970. www.liveatthefalcon.com.

Friends Pub — Keith Newman, 272 Sgt. Andrew Brucher Road, Smallwood, 8 p.m. March 24. 583-1050.

Gail’s place — Crossroads Band, 150 Route 17K, Newburgh, 8 p.m. March 24. 567-1414.

Gloria’s Pub 151 — Country music and line dancing, 151 N. Plank Road, Newburgh, 9 p.m. Fri. also: Karaoke, 8 p.m. Wed. 565-8171.

Gold Fox Restaurant — Off-key Karaoke with Tina and Roger, 600 Route 208, Gardiner, 9 p.m. March 16. www.thegoldfoxrestaurant.com.

GW’s — Calamity Jane, 78 Brookside Ave., Chester, 9 p.m. March 24, $5. 469-3663.

High Falls Cafe — Bush Brothers, Kurt Henry, Route 213 and Mohonk Road, High Falls, 9 p.m. March 24. also: Jazz at the Falls with host Bill Bannen and the KC Four and more, noon March 25. also: Acoustic Thursday, hosted by Kurt Henry, 6 p.m. March 29, $5. 687-2699. www.highfallscafe.com.

Holiday Inn, Kingston — The Score, Gather’s Lounge, 503 Washington Ave., Kingston, 8:30 p.m. March 23, 9:30 p.m. March 24, no cover. 338-0400. www.holidayinnkingstonny.com.

Holiday Inn, Town of Wallkill — Rich Lentino Jazz Trio, 68 Crystal Run Road, Town of Wallkill, 8 p.m. March 27.

Hyde Park Brewing and Steakhouse — Karma Dogs, 514 Route 9, Hyde Park, 9:30 p.m. March 23. also: Steve Black, 9:30 p.m. March 24. also: Petey Hop’s Open Mic Blues Jam and Review, 8:30 p.m. March 28, no cover. 229-8277. www.hydeparkbrewing.com.

Inquiring Mind Bookstore & Cafe — Open mic hosted by Chrissy Budzinski, 65 Partition St., Saugerties, 7 p.m. March 27. 246-5775. inquiringmindbookstore.webs.com.

Joseph’s Steakhouse — 3 of a Kind, 728 Violet Ave., Hyde Park, 10 p.m. March 24. 473-2333. www.josephs-steakhouse.com.

Keegan Ales — Exit 19, 20 St. James St., Kingston, 9 p.m. March 23, no cover. also: Murali Coryell Band, 9 p.m. March 24. also: TJay, 7 p.m. March 29. 853-7354. www.keeganales.com.

La Puerta Azul — Triple Play, 2510 Route 44, Millbrook, 8 p.m. March 23. also: The Real Men, 8:30 p.m. March 24. also: Arlington High School String Quartet, noon March 25. also: Jazz with Tom DePetris, 7-10 p.m. March 29. 677-2985. www.lapuertaazul.com.

Lattingtown Church — “Spring into Action Art show and Open Mic,” 426 old Indian Road, Milton. 7 p.m. March 24. 943-1440. cohenjm2@gmail.com.

Loft — Katy McAllister, we Shot the Moon, 6 Crannel St., Poughkeepsie, 6 p.m. March 23, $12. also: Go Radio, this Providence, Tyler Carter, Simple as Surgery, the Dedication, 6 p.m. March 28, $12-$14. also: A great big Pile of Leaves, 6 p.m. March 29, $12. 471-1966. www.thechancetheater.com.

Loughran’s — Irish music, Route 94 and Schoolhouse Road, Salisbury Mills, 7-10 p.m. March 29. 496-3615.

Luzon Station Eatery and Saloon — Patti Greco Sunshine, 3 Horseshoe Lake Road, Kauneonga Lake, 7-10 p.m. Fri.-Sat. also: Karaoke, 10:30 p.m. Sat. 583-4200. www.luzonstation.com.

Mahoney’s Irish Pub and Restaurant — Pumping Ethyl, 35 Main St., Poughkeepsie, 10 p.m. March 23. also: Dirty Stay Out, 10 p.m. March 24. also: McCana, March 25, call for time. also: Karaoke with DJ Madd Mike, 9 p.m. March 28. also: DJ Madd Mike, 9 p.m. March 29. 471-3027. www.mahoneysirishpub.com.

Market Market Cafe — Bibi Farber, Tulula, Madeline Lane, Rosendale. 10 p.m. March 23. also: “Tributon: The Smiths vs. the Cure,” 10 p.m. March 24. also: Open mic, 9 p.m. March 29. www.marketmarketcafe.com.

Max’s on Main — Erin Hobson Compact, 246 Main St., Beacon, 9 p.m. March 23. also: The Jason Gisser Experience, 9 p.m. March 24. 838-6297. www.maxsonmain.com.

McGillicuddy’s Restaurant and Tap House — DJ Chris Gilbert plus Tommy Drumz percussions, 84 Main St., New Paltz, 10 p.m. March 23. also: DJ Joe Fresh, 10 p.m. March 24. also: DJ Horn, 9 p.m. March 26. also: Band-aoke — sing with the band the Lounge Lizards, 10 p.m. March 29. 256-9289. cuddysny.com.

Millbrook R&B — Creation, 3264 Franklin Ave., Millbrook, 10 p.m. March 23. also: Karma Dogs, 10 p.m. March 24. also: Sunday Movie Night, 7 p.m. March 25. also: DJ Benni C, 9 p.m. March 27. also: Karaoke, 9 p.m. March 28. also: Open mic, 9 p.m. March 29. 677-3432. www.millbrookrandb.com.

Monticello Casino and Raceway — DJ Sean E Roc, Route 17B, Lava Lounge, Monticello, 8 p.m. March 23. also: Damn the Torpedoes, 10 p.m. March 24. 794-4100. www.monticellocasinoandraceway.com.

The National — Joey Ray and the big Sky Band, 73 Clinton St., Montgomery, 9:30 p.m. March 23. also: Lounge Lizards, 9:30 p.m. March 24. 457-1123. www.thenationalhotelbarandgrill.com.

New Vernon Tavern — Rock Ridge Band, 2 Robbins Road, Otisville, 9 p.m. March 24. 386-3282.

New World Home Cooking — Sonando, benefit for the Haitian Support Project, 1411 Route 212, Saugerties, 7:30 p.m.-midnight March 23. also: Celtic session, 7:30 p.m. March 26. 246-0900. ricorlando.com.

Noble Coffee Roasters — Evan Teatum, 3020 Route 207, Campbell Hall, 7:30 p.m. March 23. 294-1056. www.nobleroasters.com.

Nu-Cavu — DJ Teri and karaoke, 857 Plains Road, Wallkill, 9 p.m. March 23. 895-9000. www.nu-cavu.com.

Open Door Cafe — Lisa Prokopowitz, singer for the Christian band Oracle, St. Paul Lutheran Church, 21 still Road, Monroe, 7 p.m. March 24, Freewill offering, refreshments. Contact Colleen and Joe McNulty, 782-8904.

Orient Ultra Lounge — Ted the Dillinger, 319 Main St. Poughkeepsie, 10 p.m. March 24, no cover. also: DJ Ekses, 10 p.m. March 29, $4 cover. 337-3546. orientpoughkeepsie.com.

Palaia Vineyards Winery — Randy Niles, Sweet Clover Road, Highland Mills, 4 p.m. March 23. also: Nailed Shutt, 7 p.m. March 24. also: Erol Ogut, 2:30 p.m. March 25. 928-5384. www.palaiavineyards.com.

Pamela’s on the Hudson — Cover up Band, 1 Park place, Newburgh, 8 p.m. March 23. also: Henderson & Osinski, 8 p.m. March 25. also: Dan Signor, 8 p.m. March 29. 562-4505. pamelastravelingfeast.com.

Peekskill Coffee House — And the Traveler, 101 S. Division St., Peekskill, 8 p.m. March 23. also: Blues Buddha, 8 p.m. March 24. also: Tristen Napoli Trio, 1 p.m. March 25. 914-739-1287. www.peekskillcoffee.com.

Pennings Harvest Grill and Brew Pub — Foley Road, Route 94 and Warwick Turnpike, Warwick, 8 p.m. March 23. also: Connor Kennedy Band, 8 p.m. March 24. 986-1059, 986-5959. www.penningsfarmmarket.com.

Piano Piano Wine Bar — Shannon Tait, 1064 Main St., Fishkill, 7 p.m. March 29. 896-VINO. www.pianopianowinebar.com.

Postage Inn — Open jam with Eddie Fingerhut, Tom Flowerman, Alan Herskowitz, Kevin Williams, 838 Route 32, Tillson, 8 p.m. March 28. 658-3434. www.thepostageinn.com.

PrimeTime Dance Club — DJ Craig C, 3353 Route 9W, Highland, 10:30 p.m. March 24. 691-7878.

Rainbow Mountain — Music videos in the dance hall, karaoke with Tom in the Down Low Lounge, 210 Mount Nebo Road, East Stroudsburg, Pa., 10 p.m. March 23. also: Gold (Yellow) Party in the dance hall and DJ Mary, plus karaoke with Carvie in the Down Low Lounge, 10 p.m. March 24. also: Karaoke with Barb in the Down Low Lounge, 9 p.m. March 29. 570-223-8484. www.rainbowmountain.com.

Ramada Inn Hotel — Oldies Night featuring DJ Rayza and the Shallows, 542 Route 9, Fishkill, 8 p.m. March 24, $15. 206-5197. www.rmpromotions.com.

Rambler’s Rest, Monroe — DJ Instyle, 590 Route 208, Monroe, 9:30 p.m. March 23. also: Work in Progress, 9:30 p.m. March 24. also: six Mile Cross, March 25, call for time. 782-1345. www.ramblersrestny.com.

Rambler’s Rest, Poughquag — DJ Mav, 2578 Route 55, Poughquag, 9:30 p.m. March 23. also: Dr. Mudd, 9:30 p.m. March 24. also: Open Irish session, March 25, call for time.478-2223. www.ramblersrestny.com.

Rhinecliff Hotel — Perry Beekman, 4 Grinnell St., Rhinecliff, 11 a.m. March 25. also: Open mic, 9 p.m. March 27. 876-0590. www.therhinecliff.com.

Rhodes North Tavern — Wisenheimers, 40 Orange Turnpike, 10 p.m. March 23, no cover. also, Tequila Rose, 10 p.m. March 24. also: Acoustics of Flying Obersons, 3 p.m. March 25. also: Open mic with Vinny, 8 p.m. March 26. also: Trippin Carla Duo, 9 p.m. March 27. Karaoke with Wolfie, 9 p.m. March 28. also: Hollister & Friends, 9 p.m. March 29. 753-6438. www.rhodesnorth.com.

River Station Restaurant — The Differents, Vito Petroccitto, 1 N. Water St., Poughkeepsie, 8 p.m. March 23. 452-9207. www.riverstationrest.com.

Rondout Music Lounge — Da Flash Band, 21 Broadway, Kingston, 9:30 p.m. March 23. also: Bob Lusk salutes Johnny Cash, 9:30 p.m. March 24. also: Rock’n Brunch, 11 a.m. March 25. also: Open mic with Lara Hope, 8:30 p.m. March 28. 235-7098. www.rondoutmusiclounge.com.

Rosendale Cafe — C.B. Smith & the Lucky Devils, 434 Main St., Rosendale, 8 p.m. March 23, $10. also: Vance Gilbert, 8 p.m. March 24, $15. also: Singer-songwriter Tuesday with host John P. Hughes and guests Tony Curto, Bryan Gordon & Whiskey Shine, Zan Strumfeld, Payne’s Grey Sky, Justin Rock, Gnome, 8 p.m. March 27, no cover. 658-9048. www.rosendalecafe.com.

Savona’s Trattoria — Jazz Thursdays with Nancy Tierney, Ken McGloin, Jim Curtain, 11 Broadway, Kingston, 6:30 p.m. March 29. 339-6800. www.savonas.com.

Schlesinger’s Steak House — The Differents, 475 Temple Hill Road, New Windsor, 10 p.m. March 23. also: Pumping Madonna, 10 p.m. March 24. 561-1762. www.schlesingerssteakhouse.com.

Silvio’s Italian Villa — Brian St. John Quartet, 274 Route 94, Warwick, 8 p.m. March 23. 987-1500. www.silviositalianvilla.net.

Skytop Steakhouse — Bobby Ferris, 237 Forest Hills Drive, Kingston, 9 p.m. March 24. 340-4277. skytop.moonfruit.com.

Sounds Asylum — Punk show, acts to be announced, 59 North St., Middletown, 6 p.m. March 23. also: Sons of Katie Elder, Towers, Jacobi Wichita, Panic Candy, Submit to Suffering, Those who Dwell Within, 4 p.m. March 24. 343-8668. www.soundsasylum.com.

Spotty Dog Books & Ale — Nat Baldwin, Otto Hauser, 440 Warren St., Hudson, 8 p.m. March 23. also: Nat Baldwin, Otto Hauser, 8 p.m. March 24. 518-671-6006. www.thespottydog.com.

Switch Inn — Sue and the Blind, 126 E. Main St., MIddletown, 9 p.m. March 24. 341-1347.

Taste Budd’s Chocolate and Coffee Cafe — Greg Melnick, 40 W. Market St., Red Hook, 1 p.m. March 24. also: Jeremiah Webb, 1 p.m. March 25. also: Open mic, 6:30 p.m. March 29. 758-9500. www.tastebudds.com.

Towne Crier Cafe — Chris Trapper, Jeremy Gaines, Route 22, Pawling, 8:30 p.m. March 23, $25-$30. also: Leon Redbone, Alan Goodman, 8:30 p.m. March 24, $35-$40. also: James Lee Stanley, Cliff Eberhardt, 7:30 p.m. March 25, $20-$25. also: Open mic, 7 p.m. March 28-29, $4. 855-1300. www.townecrier.com.

Trestle Restaurant — Hurley Mountain Highway, 2 Idlewild Ave., Cornwall-on-Hudson, 9:30 p.m. March 24. 534-2400.

Turning Point — Aztec two Step, 468 Piermont Ave., Piermont, 8:30 p.m. March 23, $35. also: Johnny A Band, 7:30 and 10 p.m. March 24, $30. also: Monday Jazz Open Jam Session presented by saxophonist John Richmond, with drummer Bob Meyer, 8 p.m. March 26, $5. 359-1089. www.turningpointcafe.com.

Tuscan Cafe — all Male Revue, Murge, since the Beatdown, 5 South St., Warwick, 7 p.m. March 24. also: Open mic hosted by Jennifer Dennison, 7 p.m. March 29. 987-2050. tuscancafe.net.

12 Grapes Music & Wine Bar — Geoff Hartwell Band, 12 N. Division St., Peekskill, 9:30 p.m. March 23, $5. also: Sundown Band, 9:30 p.m. March 24, $10. also: Addie Brownlee, Kristina Koller, 6 p.m. March 25, no cover. also: Steve Wexler & the Top Shelf rehearsal night, 8 p.m. March 29, no cover. 914-737-6624. www.12grapes.com.

2 Alices Coffee Lounge — Mighty Girl, 311 Hudson St., Cornwall-on-Hudson, 8:30 p.m. March 23. also: Boom Boom Shake with violinist Amy Lewis, opening set on flamenco guitar by Greg Melnick, 8 p.m. March 24. 534-4717. www.2AlicesCoffee.com.

Virgo’s Sip N Soul Cafe — Open Mic Jam, 469 Fishkill Ave., Beacon, 5 p.m. March 25. also: Acoustic Night, 7:30 p.m. March 29. 831-1543.

Warwick Valley Winery — Fred Gillen Jr., 114 Little York Road, Warwick, 2 p.m. March 24. also: Rob Schiff, 2 p.m. March 25. 258-4858. www.wvwinery.com.

Waterwheel Cafe — Blues jam, 150 Water St., Milford, Pa., 8:30 p.m. March 29. 570-296-2383. www.waterwheelcafe.com.

Wherehouse — Acoustic Tuesday, 119 Liberty St., Newburgh, 7 p.m. March 27. 561-7240. www.thewherehouserestaurant.com.

Whistling Willie’s — Greg Phillips, 184 Main St., Cold Spring, 8 p.m. March 23. also: Buddy Traina, 8 p.m. March 24. also: Celtic Notes, 6 p.m. March 25. also: Derek A. Dempsey, 8 p.m. March 27. also: Open mic, 9 p.m. March 28. 265-2012. www.whistlingwillies.com.

Wild Hive — Wild Hive Dinner Night featuring live acoustic bluegrass by Bob Stump & the Blue Mountain Boys, 2411 Salt Point Turnpike, Clinton Corners, 6 p.m. March 23. 266-5863. wildhivefarm.com.

Youngest Brother Italian Restaurant — Joe Paj & Al, 310 Robinson Ave. (Route 9W), Newburgh, 8 p.m. March 24. 565-3110. youngestbrother.com.

Bananas Comedy Club — Joe DeVito, Clarion Hotel, Route 9, Poughkeepsie, 9 p.m. March 23, 8 and 10:30 p.m. March 24, $20. 462-3333. bananaspk.com.

Jester’s Comedy Club — Dave Cooperman, Sheila Kay, Mike Gaffney, 109 Brookside Ave., Chester, 9 p.m. March 24, $15-$17.50, two-drink minimum. 345-1039 or 469-2116. www.jesterscomedyclubny.com.

Levity Live — DL Hughley, 4210 Palisades Center Drive, A-401, West Nyack, 8 and 10:30 p.m. March 23, 7:30 and 10 p.m. March 24, 7:30 p.m. March 25, $30, two-item minimum. also: Jo Koy, 8 p.m. March 29, 8 and 10:30 p.m. March 30, 7:30 and 10 p.m. March 31, $25, two-item minimum. 353-5400. levitylive.com.

Paramount Center for the Arts — Howie Mandel, 1008 Brown St., Peekskill, 8 p.m. March 29, $45-$60. Call 914-739-2333 or visit www.paramountcenter.org.

Railroad Playhouse — Mission Improvable, 8 p.m. March 23, $15, $10 students. Call 565-3791 or visit www.rrplayhouse.org.

Ramapo College — Paula Poundstone, Sharp Theater, Berrie Center, 505 Ramapo Valley Road, Mahwah, N.J., 8 p.m. March 24, $20-$30. Call 201-684-7844 or visit www.ramapo.edu.

Roark’s Tavern — Andrew Schulz, 14 Landfield Ave., Monticello, 8 p.m. March 24, $25. 796-8547.

Silvio’s Italian Villa — Comedy Night with Uncle Floyd, 274 Route 94, Warwick, 8:30 p.m. March 23. 987-1500. www.silviositalianvilla.net.

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Today: Jobs numbers show U.S. economy gained in February, and California and Bay Area did well in January. also: Wall Street gains on third anniversary of lowest point of financial crisis, and Fannie Mae and Freddie Mac execs get pay caps.

Job market shows improvement locally and nationally

The job market continued to improve at the local, state and national levels at the beginning of 2011, Friday reports said, suggesting the economic rebound is continuing.

The United States added 227,000 jobs in February, according to a Labor Department report, but the unemployment rate stayed the same as almost 500,000 unemployed workers who had given up looking for jobs resumed their searches.

February’s gains capped a six-month stretch of job growth that is the best for the U.S. since early 2006, long before the great Recession wrecked the U.S. job market. In just the past three months, the government estimates the U.S. has added 734,000 jobs.

“The labor market has found its legs in the last few months, and it looks like there’s enough of a broad base that the momentum can be sustained,” Julia Coronado, chief North America economist at BNP Paribas, told Bloomberg News.

National job growth in January was revised higher in Friday’s report, to 284,000, from an earlier report of 243,000. In California, the Employment development Department released its January numbers Friday, and said that the unemployment rate dropped below 11 percent for the first time in almost three years.

Seven straight months of job gains have cut the state’s unemployment rate by a full percentage point, giving it the highest employment level since February 2009.

“It’s a slow drop in the jobless rate, but any drop is certainly good. What we’ve been seeing is an increase in employment nationwide, and that includes California,” Jerry Nickelsburg, a UCLA senior economist, told the associated Press.

In the Bay Area, 14,000 jobs were added in January, with 9,300 of those in the East Bay, which had been struggling to keep up with progress in Silicon Valley and San Francisco.

“What is striking about the numbers is the job growth in the East Bay,” Michael Bernick, a research fellow with the Milken Institute, told Bay Area News Group reporter George Avalos. “The South Bay has had dramatic job growth, the San Francisco metro area has had high job growth, but the East Bay has been lagging.”

Overall, the numbers suggest that the United States, California and the Bay Area are continuing to heal smoothly from the great Recession.

“It looks like we’re going in the right direction,” Labor Department spokesman Kevin Callori told AP. “It just looks like, overall, things are looking better.”

Wall Street moves up three years after low point of crisis

Wall Street cheered the jobs numbers, but not enough to push the Nasdaq back over 3,000 or the Dow Jones above 13,000.

The Nasdaq and Standard & Poor’s 500 did manage to end the week with slightly positive movement, however, overcoming the market’s worst day of 2012 on Monday. the Dow Jones did not make it all the way back, falling about 70 points on the week.

“The jobs numbers have helped the market keep the forward momentum going. It is definitely a confidence builder,” said Jim Russell, chief equity strategist at U.S. Bank Wealth Management in Cincinnati, told Reuters.

While neither the Dow nor the Nasdaq managed to close above their milestone numbers this week, they have still come a long way from this day three years ago, when the stock market reached the depths of the ravages of the great Recession. the S&P has more than doubled since that day, and the Dow is close to a double-up.

“There’s a lot less imbalance and a lot less uncertainty than there was three years ago,” John Canally, investment strategist with LPL Financial, told AP.

Pay limits installed at Fannie Mae and Freddie Mac

One of the outrages of the great Recession also received some attention Friday, as bonuses were abolished for employees at the government-controlled mortgage giants Fannie Mae and Freddie Mac and executives’ pay was capped at $500,000 a year.

A dozen executives in charge of the company after subprime mortgages destroyed the U.S. economy still received $35.4 million in salary and bonuses in 2009 and 2010, it was revealed last year, creating a firestorm of criticism.

Taxpayers have spent about $170 billion to prop up the two companies, the most expensive bailout of the 2008 financial crisis, AP reported.

The caps do not have a start date, however, and will not apply to current employees. the CEOs of the two companies are scheduled to make a combined $5.4 million this year, but they will be leaving the positions by the end of the year; the cap will apply to their replacements. other employees face a 10 percent pay cut, but will not be subject to the salary cap.

Silicon Valley tech stocks

Up: Tesla, NetApp, Jive, Adobe (ADBE), Intuit (INTU), Zynga, Advanced Micro Devices, eBay (EBAY), Netflix (NFLX), SunPower (SPWRA), Symantec, Intel

Down: Hewlett-Packard (HPQ), Google (GOOG), Yelp, Gilead, Electronic Arts (ERTS), LinkedIn, Nvidia

The tech-heavy Nasdaq composite index: Up 17.92, or 0.6 percent, to 2,988.34

The blue chip Dow Jones industrial average: Up 14.08, or 0.11 percent, to 12,922.02

And the widely watched Standard & Poor’s 500 index: Up 4.96, or 0.36 percent, to 1,370.87

Check in weekday afternoons for the 60-Second Business break, a summary of news from Mercury News staff writers, the associated Press, Bloomberg News and other wire services. Contact Jeremy C. Owens at 408-920-5876; follow him at Twitter.com/mercbizbreak.

<a href="http://www.mercurynews.com/financial-markets/ci_20140595tag:news.google.com,2005:cluster=http://www.mercurynews.com/financial-markets/ci_20140595Fri, 09 Mar 2012 23:22:30 GMT”>Biz Break: Job market, Wall Street have come a long way since Great Recession

While investors can prosper through investing in leveraged buyout firms such as Kohlberg Kravis Rogerts (NYSE: KKR) and The Blackstone Group (NYSE: BX), profits can also be made at companies such as Continental Materials Corp (AMEX: CUO).  There is has been a great deal of insider buying at Continental Materials Corp that have some speculating that a management buyout many be looming in the future.  that would be very rewarding for the shareholders of the small cap construction and HVAC products company.

Shares of this construction and HVAC products company were acquired by five insiders.  The Chairman of the Board James G. Gidwitz acquired 94,715 shares, paying $12.06 per share for a total amount of $1.1 million.  Director William Douglas Andrews acquired 2,750 shares, paying $12.89 per share for a total amount of $35,457. Mr. Andrews increased his stake by 12.22% to 25,245 shares with this purchase.  Management and other company insiders already own a majority of the shares of the company, leading to the management buyout speculation.

The numbers are certainly appealing.  Continental Materials Corp sells at less than half the book value.  The price-to-sales ratio is just 0.20.  There is little debt.  Earnings per share growth this year has risen by more than 60%.  over the last quarter, Continential Materials is up 20.47%.Investing legend Peter Lynch once noted that there are many reasons for insiders to sell.  These could include a need to pay tuition, buy a home, or diversify as part of a pre-planned individual financial program.  but there is only one reason for an insider to purchase shares of the company, according to Lynch.  and that is the expectation that the share price will rise.  with such heavy insider buying at Continential Materials small cap investors should take not of the profit potential in the shares.  Year to date, the stock is already risen 11.20%.

<a href="http://www.smallcapnetwork.com/Heavy-Insider-Buying-and-Price-Rising-at-this-Heavy-Construction-Firm-CUO-KKR-BX/s/via/3420/article/view/p/mid/1/id/699/tag:news.google.com,2005:cluster=http://www.smallcapnetwork.com/Heavy-Insider-Buying-and-Price-Rising-at-this-Heavy-Construction-Firm-CUO-KKR-BX/s/via/3420/article/view/p/mid/1/id/699/Mon, 05 Mar 2012 13:12:22 GMT”>Heavy Insider Buying and Price Rising at this Heavy Construction Firm (CUO, KKR, BX)

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The SPDR STOXX Europe 50 ETF, an exchange-traded fund that represents the performance of 50 large European companies, is currently trading at a dividend yield of 4.44 percent. the Euro STOXX 50 Index includes Total SA, Sanofi, Banco Santander and Allianz. It has a forward one-year price-to-earnings ratio of 10.04 and a price-to-book ratio of 1.60, according to State Street Global Advisors.

Meanwhile, the SPDR S&P 500 ETF, a portfolio representing all 500 stocks in the S&P 500 Index, is trading at a dividend yield of 2.09 percent. It has a forward one-year price-to-earnings ratio of 12.88 and a price-to-book ratio of 2.02.

Mason Hawkins, a value investor at LongLeaf Partners Funds in Memphis, sees value in distressed European stocks. the firm's international fund has 40 percent of its assets allocated to France, Ireland and Spain, according to ValueWalk, a financial news website.

Spain's Ferrovial SA, which develops transportation infrastructure like airports and toll roads, makes up 6.4 percent of LongLeaf's international fund.

Warren Buffett, the legendary Omaha-based investor, is also bullish on Europe.

In a CNBC interview a week ago, Buffett said he put €175 million ($232.2 million) into each of eight European stocks on behalf of Berkshire Hathaway at the end of 2011. the names of the stocks weren't immediately known.

“I just thought these eight companies were cheap,” said Buffett.

Though he acknowledged the challenges posed by the European debt crisis, Buffett said he's confident the companies he bought have staying power and and will “do fine” regardless of what happens in Europe.

“There's always going to be something that's bothering the world,” he noted.

To report problems or to leave feedback about this article, e-mail: to contact the editor, e-mail:

<a href="http://www.ibtimes.com/articles/311476/20120308/european-stocks-cheap.htmtag:news.google.com,2005:cluster=http://www.ibtimes.com/articles/311476/20120308/european-stocks-cheap.htmThu, 08 Mar 2012 20:54:43 GMT”>Cheap European Stocks Attract US Value Investors

Mineweb’s Editor-in-chief, Alec Hogg, interviews AngloGold Ashanti’s Mark Cutifani and hears some forthright views on Warren Buffet’s most recent attack on gold.

Author: Alec Hogg Posted: Thursday,16 Feb 2012

JOHANNESBURG (Mineweb) - 

Anglogold Ashanti’s CEO Mark Cutifani is to local South African gold mining what top South AFfrican asset manager, John Biccard is to the local asset management sector, the man other money managers would most trust to handle their savings. in mining, Cutifani’s astute management has raised the bar for an industry where performance was once measured by volume of rock through the mill rather than gold delivered.

The Australian-born head of Africa’s biggest gold producer has been walking on water lately. he took history’s biggest ever bet on the gold price by closing out the industry’s largest hedge book – at a cost of billions. as the gold price kept steaming ahead, that decision continues to reward Anglogold Ashanti. in the three months to end December it added another $200m to the bottom line.

Cutifani was clearly on a high during our chat this week after the release of his group’s December quarter results. who could blame him? apart from that $200m, costs were reasonably controlled, the company got more South African Rands for its gold and the result was a fresh record for profit in any three months. Shareholders joined in the applause when hearing that the yearend dividend was being doubled.

Then I pressed a big fat button called Warren Buffett.

The lionised chairman of Berkshire Hathaway, known universally as The Oracle of Omaha, is public enemy number one right now among gold diggers. a man whose mere mention sends share prices rocketing has become the most irritating of matadors for the gold bulls. he keeps warning about a bubble in bullion. And did it again this week arguing that gold is worthless because it produces nothing – and that anyone investing from a base of fear is doomed.

The latest edition of US business magazine Fortune carries a preview of Buffett’s annual letter to Berkshire shareholders. much of it is devoted to his arguing that the gold price is substantially overvalued. Buffett explains that all the gold ever mined would make a cube with 68-foot sides. at the current market price around $1 750 an ounce, that pile is worth $9.6 trillion. says Buffett: “For that, we could buy all US cropland (400 million acres with output of about $200 billion annually) plus 16 Exxon Mobils (the world’s most profitable company, one earning more than $40 billion annually). After these purchases, we would have about $1 trillion left over for walking-around money.”

Gold, he says, is in a bubble that’s identical to the two others he nagged about during the past 15 years – Internet stocks and US housing. Those warnings went largely unheeded, attracting comments and ridicule of an 81-year-old accused of having “lost it” and being “too old to understand.” But it’s the world’s most famous ukulele player who had the last laugh.

Prodding Cutifani on Buffett’s is like asking an honest cop for an opinion on a top policeman turned criminal. he couldn’t contain himself: “Warren’s been wrong for 5,000 years……it must be embarrassing to get it so wrong and I think that’s because he fundamentally doesn’t understand the gold sector.”

Cutifani says Buffett “doesn’t get it”. Coming from an industrial age background, he doesn’t understand affection built up over thousands of years by those in cultures who do “get it”. Primarily Asians with deep connections to the metal, people who value the beauty, art and poetry of gold: “It’s like trying to tell you why Lord Tennyson’s poetry is something beautiful to behold – if you can’t read, you can’t understand where the beauty is.”

Buffett’s cold logic against Cutifani’s argument for a beautiful, poetic metal? You make the call. But the miner’s enthusiasm is sure to be tempered when he takes a look at this week’s batch of SEC filings. They show his biggest shareholder, US asset manager John Paulson, has trimmed his holding for the second successive year. Paulson’s funds owned 9.73% of Anglogold Ashanti’s equity at end December 2011, down from 10.76% a year before and 11.83% at the end of 2009.

Put differently, Paulson sold Anglogold Ashanti shares worth $168m last year or R1.3bn in local currency terms. a sale which may elevate SA-based asset manager Allan Gray to top of the mining company’s pops. Allan Gray has not yet reported its end-2011 holding but at December 2010, owned 8.31% of Cutifani’s company. The Cape based firm makes no secret of its continued liking for the asset class and, in particular, Anglogold Ashanti. so for the moment it’s Buffett and Paulson vs Cutifani and Gray. a tag team matchup to fill the biggest of stadia. Many times over.

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MINEWEB is an interactive publication, with rolling deadlines through each day, commencing in the Sydney morning,  and concluding, 24 hours later,  in the Vancouver evening.  if you believe your side of an issue deserves inclusion, but has failed to meet one of our deadlines, you are invited to notify the Editor in Chief in Johannesburg, and we will include you in our editing and expanding on our stories. Email him at alechogg@gmail.com

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<a href="http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=145496&sn=Detail&pid=102055tag:news.google.com,2005:cluster=http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=145496″>AngloGold CEO says Warren Buffett just doesn’t understand gold and gold investors

On average, the topten traded companiesaccounted for 83%of KSE-100 volumeduring the periodFY’01-FY’10. PHOTO: AFP

KARACHI: Trading volumes and market capitalisation of the KSE-100 index companies, as a percentage of the market’s total trading volume and market capitalization have continued to remain significantly high, with KSE-100 companies accounting for 96% and 73% of the total market capitalisation and trading volume in FY’10 respectively. This means that a significant portion of activity at the KSE is generated by only 15% of the total listed companies.

Moreover, out of the KSE-100 companies, very few companies account for a major portion of trading activity. The top ten companies by trading volume accounted for 65% of the total trading volume in FY’10. On average, the top ten traded companies accounted for 83% of KSE-100 volume during the period FY’01-FY’10. This shows that the market is highly skewed and relies on only a handful of shares to generate trading activity.

The mix of the top ten traded companies has changed slowly from FY’01 to FY’10, which reflects the skewness of the market, in favor of some companies. This slow change in the ‘trading mix’ indicates weak dynamism and diversification in the market. A higher rate of change in the ‘trading mix’ would show a high extent of dynamism and market depth. The trading mix also indicates that the banking, cement, and fuel and energy companies have attracted investors in recent years. Trading activity limiting itself to only a handful of companies and sectors shows that the stock market lacks diversity.

The writer is an assistant professor at SZABIST.

Published in The Express Tribune, March 5th, 2012.

<a href="http://tribune.com.pk/story/345406/stock-market-volumes-grow-but-trading-base-remains-narrow/tag:news.google.com,2005:cluster=http://tribune.com.pk/story/345406/stock-market-volumes-grow-but-trading-base-remains-narrow/Sun, 04 Mar 2012 22:24:21 GMT”>Stock market: Volumes grow, but trading base remains narrow – The Express Tribune

Over the long haul, Buffett explains, the asset class that most investors consider the “riskiest”—stocks—is actually the safest.

The asset class that most investors consider the “safest,” meanwhile—cash—is actually extremely risky.

Thanks to even moderate rates of inflation, cash is basically guaranteed to lose huge amounts of value over time.

Credit SuisseIn the past century, for example, the value of $1.00 has fallen to 3.8 cents (see chart at right).

Stocks, meanwhile, have appreciated to the tune of ~10 percent per year.

Even since 1965, the year before I was born, the value of the dollar has plummeted 85 percent. it takes $7 now to buy what $1 bought then. meanwhile, the DOW is up 13X.

Sure, there were stock-market crashes along the way. Stocks are “high beta,” meaning that their prices fluctuate wildly. Most people, including most Wall Street investors, describe this beta as “risk.” As Buffett points out, however, it isn’t risk. It’s beta. It’s price-fluctuation. Actual risk, Buffett observes, is the risk that your investment will lose purchasing power.

Over time, investments in currency have lost a devastating amount of purchasing power.

Investments in stocks, meanwhile, have gained purchasing power. and this is true even after the lousy stock-market performance of the past decade.

Now, cash does have its place in a portfolio. What cash provides, Buffett further observes, is liquidity—a.k.a., flexibility. the future is unpredictable, and you’ll never know when you need cash. and you also never want to be forced to sell long-term investments to raise cash when the long-term investments might be experiencing temporary price fluctuations to the downside. So you have to keep some cash, even it’s an extremely dangerous long-term investment.

<a href="http://articles.businessinsider.com/2012-02-12/news/31051532_1_investments-warren-buffett-asset-classtag:news.google.com,2005:cluster=http://articles.businessinsider.com/2012-02-12/news/31051532_1_investments-warren-buffett-asset-classMon, 13 Feb 2012 14:42:25 GMT”>The Investment You Think Is ‘Safe’ Is Actually The Riskiest In The World

SILVER CITY – the Silver City Arts and Cultural District, in collaboration with the Southwest new Mexico Green Chamber, has embarked on a new advertising campaign aimed at marketing Silver City to a broader audience.

The campaign is paid for with the $100,000 in Lodger’s Tax funds that the city gave the Arts and Cultural District in August and an additional $40,000 that the new Mexico Tourism Department awarded the District in December.

The new campaign, which centers around the slogan “Find your self in Silver City,” takes its cues from the new Mexico Tourism Department’s 2012 Strategic plan, according to Arts and Cultural District Director and Tourism Director Julie Minicucci.

“We want to expand our reach,” Minicucci said. “We want to not only reach tried-and-true travelers, but introduce Silver City to new markets. We’re really trying to align ourselves with the state’s new vision.”

The state’s objective, according to the Tourism Department’s website, is to accelerate tourism by branding new Mexico as a destination for “venturesome” travelers.

The Arts and Cultural District’s implementation of this strategy involves advertising the city in new markets like LGBT travel and adventure-focused publications, overhauling the Arts and Cultural District’s website, increasing its social media presence, building and maintaining new billboards and, as Minicucci put it, “basically anything tourism.”

“We asked ourselves, ‘What do we have to offer? Who do we want to attract?’” Minicucci said. “We looked at different psychographics and tried to find out who fits that venturesome profile.”

Minicucci and Green Chamber Executive Director Cissy McAndrew each gave presentations that emphasized their respective organizations’ new ambitions Tuesday night to the Silver City Town Council.

McAndrew highlighted changes in and around the Murray Ryan Visitor Center, including the new computer kiosk, free wifi for visitors, the new solar carport educational kiosk, and a fresh new look, that will soon include a mural on the exterior of the building, courtesy of the Mimbres Region Arts Council’s Youth Mural Project. McAndrew also mentioned how the Visitor Center is now tracking visitors by asking them to sign in, write where they’re from, how long they plan on staying in Silver City and how they heard about the town. She noted that 6,378 visitors had signed in since the Green Chamber took over in August, including travelers from as far away as Budapest, Hungary and a busload of tourists from England.

Minicucci went over changes behind the scenes – such as the new ad campaign, a new increased social media presence, and the eventual launch of a roving ambassador’s program.

The new ads, which all include the “Find your Self” slogan, feature shots of events, like the Tour of the Gila and the Red Paint Powwow, and area attractions like the Gila Cliff Dwellings, as well as shots of Silver City’s downtown and downtown gateway arch.

The Council had the opportunity to view the ads earlier.

“I think the ads are very fresh and new for Silver City” Silver City Mayor James Marshall said at the meeting. Marshall added that he liked how the ads touted the town’s Wild West history, like the one that reads “Find your True Grit” in Silver City. “Enjoy the authentic Silver City Experience. Preserving the Spirit of the Old West While Forging a new Frontier.”

To help out with the new campaign, Minicucci hired Sherry Logan and Michelle Geels, office manager and marketing assistant, respectively, as well as webmaster Derek Markham, who is spearheading the website facelift, which is scheduled to go online in early February. Town Manager Alex Brown said that the part-time salaries of the office manager and marketing assistant positions – each less than $10,000 a year – will be drawn from the general fund. Markham is paid from Arts and Cultural District funds.

“I’m really excited,” said Geels, who is also the Tour of the Gila co-director. “I think we’re taking a fresh approach and I just really feel that tourism in general is a hot ticket for Silver City.”

Sun-News reporter Christine Steele contributed to this story.

Aaron West can be reached at (575) 538-5893 ext. 5803

<a href="http://www.scsun-news.com/ci_19823087tag:news.google.com,2005:cluster=http://www.scsun-news.com/ci_19823087Thu, 26 Jan 2012 05:07:23 GMT”>Advertising campaign launched to market Silver City

Mitt Romney’s tax disclosure on Tuesday should help him in his struggle against Newt Gingrich for the Republican nomination. but his 2010 and 2011 tax returns raise major questions about the fairness of the U.S. tax code, and will likely become exhibit ‘A’ if he debates President Obama over tax reform during the general election.

The partial release of his unfiled 2011 taxes will also generate intense interest in the days and weeks ahead because of what they failed to disclose: the make-up of his overseas holdings, which are held in blind trusts; the financial structure of the estimated $100 million held in an individual retirement account, where capital gains mount up tax free; or the contents of his prior tax returns.

In the past two years, Romney earned the largest share of his $42.5 million income from carried interest, dividends and capital gains.  Such non-salary income is taxed at a 15 percent rate. The result was that after deductions for charitable donations to the Mormon Church and other non-profit entities, he paid just $6.2 million in taxes, an effective tax rate of 14.6 percent.

That’s not just a lower rate than his main competitor for the Republican nomination, who paid 31.6 percent of his $3.2 million income in taxes in 2010, or lower than President Obama, who paid 26 percent of his $1.8 million in income, it is a lower rate than Warren Buffett’s secretary, who famously paid a higher rate than her boss.

Romney has repeatedly argued on the campaign trail that he supports tax reform that will broaden the base of taxable income while lowering overall rates. but his plan has been short on details of how he would treat non-wage, non-salary income generated from accumulated wealth, which is how he collects most of his reported income. He did earn about $639,000 from speaking fees in the past two years.

The trustee of the blind trusts where Romney and his wife Anne have deposited most of their wealth stressed during a Tuesday morning briefing that his accountants at PriceWaterhouseCoopers were in full compliance with the tax code. “Gov. Romney has paid 100 percent of what he owes,” said R. Bradford Malt, an attorney at the Boston law firm of Ropes & Gray.

The single biggest component of Romney’s income came from so-called carried interest, which is income earned from managing other people’s money. Portfolio managers at companies like Bain Capital typically take two percent of the money they manage plus a 20 percent cut of any positive returns. Even though they have no capital at risk, their slice is treated like capital gains and taxed at the 15 percent rate. if it were treated like ordinary income, it would be taxed at a 35 percent rate.

Romney earned $13 million in carried interest over the last two years. “It isn’t fair to characterize carried interest as compensation when Gov. Romney hasn’t had any involvement in Bain since 1999,” said Balt. “The carried interest does represent the investments previously made by Gov. Romney in Bain Capital.”

However, the returns do not reveal the structures of the dozens of investment funds in the U.S. and abroad owned by the Romney family’s trusts. The Romney family fortune, depending on the financial disclosure statement, is estimated to be somewhere between $190 million and $250 million.

When pressed on Romney’s tax reform plan, a spokesman said, “The governor has not talked specifically about carried interest. He’s not interested in picking losers and winners like the Obama administration . . . He supports fundamental tax reform . . . a simpler, fairer and flatter tax structure.”

The president has proposed taxing carried interest like ordinary income. However, neither Democratic nor Republican Congresses have gone along after intense opposition by Wall Street lobbyists.

Tax experts say it is one of the most glaring inequities in the tax code. “Carried interest is the return you get from someone else’s capital, from managing someone else’s money,” said Edward Kleinbard, a law professor at the University of Southern California and former chief of staff at the non-partisan Joint Committee on Taxation. “There’s no plausible justification for getting a 15 percent rate on managing other people’s money.”

While proponents of taxing capital gains at lower rates claim it fosters job creation by encouraging greater investment by the well-to-do, few economists support that theory and tax reformers in previous generations have often taken aim at its preferential treatment. In fact, the tax reform plan backed by President Ronald Reagan and signed into law in 1986 established the same rates for both, which lasted until the early 1990s.

Romney’s advisers repeatedly pointed out that under Gingrich’s tax plan, his tax rate would be even lower. The former House Speaker wants to eliminate all taxes on capital gains and dividends, which would blow another huge hole in the federal budget. With Romney being a huge beneficiary of such a change, that could make Gingrich seem hypocritical in the parts of Florida that are semi-rural, industrial and agricultural, the areas where he polls strongest.

On the other hand, Romney as standard-bearer may be alienating Republican retirees who live in Florida’s well-off coastal enclaves, who’d rather not see their favored treatment in the tax code held up to public scrutiny.

The preceding first appeared in The Fiscal Times.

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<a href="http://gooznews.com/?p=3558tag:news.google.com,2005:cluster=http://gooznews.com/?p=3558Wed, 25 Jan 2012 16:55:56 GMT”>Romney’s Questionable Tax Returns