Archive for August 1st, 2008

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Another sign of real estate drama, a house up for sealed bid auction in posh Greenwich, Connecticut of all places. The owner, Stanley Cheslock, originally put the market on the home for $31 million in the usual manner but found that the current market was a bit stagnant.

The HIllcrest Estate features 26,000-square-foot mansion designed by Gilles Le Gorrec and built in 2003 as well as two carriage houses and 12-car capacity garage on 30 acres. The home has four master suites, guest suite and a service suite. There is a huge kitchen that includes a wood-burning pizza oven, top-of-the-line appliances, separate accessories kitchen and a butler’s pantry with walk-in refrigeration. The big home has not one but two cathedral-ceiling living rooms that both open onto a 2,500-sq. ft. terrace. Other details include a 100-ft. central atrium, rooftop cupola with stunning Long Island Sound views, hand-crafted stained glass windows, iron-clad elevator, seven Rumsford fireplaces, multiple laundries, handmade plaster moldings, chestnut flooring and geo-thermal heating and cooling. There is also a theatre-quality home cinema, 3,700 bottle-capacity wine room, cherry wood office/library, 50-ft. indoor lap pool with Siberian spruce sauna and granite steam room, and a fully equipped private gym. The expansive grounds adjoin The Stanwich Club, one of United States’ premier golf courses, and include a large mouth bass pond, waterfalls, English gardens, and statuary by sculptor Arturo Di Modica.

The estate may be bought in whole or in part, with the mansion and 22 acres available for a minimum reserve price beginning at $15 million. The two carriage houses and more than seven acres are available for a minimum reserve price beginning at $4 million. And of course the whole package starts at $19 million. Sealed bids must be submitted by 5 p.m. Aug. 15, along with a check for $750,000 and bank documents proving the potential buyer’s ability to pay.

For more prime properties and lush locations, see Luxury Homes and Mansions.

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The SSuite Office prides itself with the Fifth Element, a free premium office suite which can run on all Windows OS and hardware platforms. The suite offers 30 applications for web browsing, e-mail, image manipulation, network programs, multimedia applications, all designed to run on personal even with minimal specs.

Download and installation is a breeze. A menu will be created that groups the applications based on what they focus on. Though the browser was simple to use, it certainly lacked features when compared to other free browsers out there. It also had several problems opening some web pages.

Strangely, the suite offers 2 word processing programs which roughly do the same thing. The included imaging software is bare bones offering no more than the basic image functions.

For an office suite, one major flaw is the lack of a presentation software. There were also programs that just don’t fit in an office suite. If you are in need of an office suite and computer specs is a serious consideration, you might benefit from the Fifth Element. Otherwise, you might want to check out other free office suites, or download your needed applications a la carte, since individual programs might perform better.
SSuite Office’s Fifth Element is compatible with all Windows OS and hardware platforms.

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Merrill Defrauded Auction-Rate Investors, Say Says (Update5) - Bloomberg
July 31 (Bloomberg) — Merrill Lynch & Co. was accused by Massachusetts Secretary of Say William Galvin of misleading investors about the stability of the auction-rate market at the same time the investment bank was marketing the securities. New

Money fund assets fell to $3.502 trillion - CNN Money
NEW YORK (Associated Press) - Total money market mutual fund assets fell by $5.08 billion to $3.502 trillion for the week, the Investment Company Institute stated Thursday. Assets of the nation’s retail money market mutual funds fell by $5.15 billion

THURSDAY: Station money locked in (3:38 p.m.) - Tonawanda News
A pot of federal funding intended for the construction of a new railroad station in Niagara Falls is no longer in danger of being diverted for other purposes. U.S. Rep. Louise Slaughter, D-Niagara Falls, and U.S. Sen. Charles Schumer, D-New York

Accountant admits embezzling from employers - Newsday
HARTFORD, Conn. - A Westport accountant has admitted to embezzling more than $1.5 million from his employers. Federal prosecutors state 40-year-old Noel Desingco Lara pleaded guilty Thursday in federal court in Hartford to one count of interstate

States face tough choices as budget crisis deepens; budget deficits - Newsday
SACRAMENTO, Calif. (AP) _ Gov. Arnold Schwarzenegger is laying off as many as 22,000 state employees. New York’s governor is raising the possibility of selling — or more accurately, leasing — the Brooklyn Bridge. Nevada is burning through its

MPs ordered to pay back money used for ‘propaganda’ - Daily Telegraph
Five were ordered to repay funds, including three Plaid Cymru MPs, Elfyn Llwyd, Hywel Williams and leader Adam Price, who were each required to give back more than £5,000, and Sidiq Khan, a Government whip, and Malcolm Bruce, Liberal Democrat MP for

Tim Russert’s son to join NBC convention team - MSN MoneyCentral
LOS ANGELES (AP) - The late Tim Russert’s son will take up a family tradition for NBC News, helping to cover the Democratic and Republican conventions. Luke Russert’s assignment as a convention correspondent focusing on “youth issues” is his first

British Museum purchases medieval astronomy tool - Boston Globe
LONDON— A rare astronomy tool that helped medieval scientists tell time will remain in Britain after the British Museum scrambled to come up with the money to buy it. The brass device, called an astrolabe quadrant, had been sold at auction last

More Money Squeezed From Potter Series - AOL
LONDON (July 31) - News alert for Harry Potter fans: A book of wizard fairy tales written and illustrated by J.K. Rowling is to be published for charity. A British charity said Thursday it hopes to raise 4 million pounds ($8 million) through sales of

Community art class scheduled for Friday - San Diego Union-Tribune
EL CAJON: Sophie’s Art Gallery will offer a community art class Friday as part of the city’s First Fridays program, which encourages downtown businesses to offer special activities on the first Friday of the month. The rock-painting class, with

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Liz Fuller over at Business and Blogging has created a blogging reader survey. No contest, but your response is needed. Here is the link: http://www.businessandblogging.com/quick-business-blogging-reader-survey/

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