Hurricane Irene

With the bridges out in Pittsfield, Vermont, and its 400 residents marooned, Wall Street trader Scott Redler took matters into his own hands: He hired a helicopter and was back home in New Jersey yesterday afternoon. Redler’s family were weekend wedding guests when Hurricane Irene’s heavy rains pushed the Tweed River over its banks, smashing at least 20 homes. With his 65-year-old mother running out of medicine, Redler, T3Live.com’s chief strategist, found a pilot charging $7,000 for the rescue. “I wasn’t going to wait for the state or federal government,” Redler, 38, said yesterday from his mobile phone as he waited for the chopper. “I can’t trust them, because I know I’m not a priority.” [Bloomberg]

This comes as a bit of a surprise as we were under the impression LightSquared was still in the testing/trying to prove it’s not going to cause “devastating interference,” sink a battleship, kill some people/working out the kinks phase. Still, it’s wonderful to hear regardless, not just since it’s nice thing to do but because it suggests this thing might actually work, and Wilbur Falcone may not have to start asking for his old shift at Rick’s Cabaret just to put food on the table. Read more »

  • 29 Aug 2011 at 4:10 PM

Hey Hurricane Victims: Who Loves Ya?

James S. Dimon. That’s who. Read more »

Balance that checkbook or next time it’s gonna be a golden shower. Read more »

  • 26 Aug 2011 at 5:55 PM

Nouriel Roubini Offers Natural Disaster Tips

Rates for borrowing and lending securities in the repurchase-agreement market rose and investors sought to extend maturities on concern power outages and closings of mass transit will keep traders home after Hurricane Irene strikes. “Traders want to fund some of their positions through Tuesday — expecting some co-workers might be out on Monday — to ease the funding burden in case they are short-staffed,” said Scott Skyrm, senior vice president and head of repo and money markets at NewEdge USA LLC in New York. [Bloomberg]

The Firm has apparently told the staff they may “dress casually” on Monday, so long as they “exercise good judgment,” leaving things extremely open to interpretation. [via KevinRoose]

  • 26 Aug 2011 at 5:13 PM

Take Cover

On any given day, we have a lot of fun fucking around these parts. Like to keep it light. Mess with you. This weekend though, is serious, and we want you to treat it as such. Take the appropriate measures. Prepare accordingly. If your home is located in a high risk area, leave. We mean it- do not try and be a hero. Promise us you’ll go somewhere safe to wait out the storm. Don’t have anywhere to go? That’s a bull shit. Of course you do. Read more »