Tuesday, December 1, 2009

Ideas to Fix Detroit, Michigan

Bail out the UAW health insurance plans

Biomedical

Cash for Clunkers

Motor City Casinos

Cruise Ship Capitol of the Great Lakes

Downtown Revitalization

Financial management

Hashish U.

High Tech

Hollywood on the Huron

Large Bankruptcy Fees

Low commercial rentals

Merge Chrysler Financial into GMAC and then cut financing to Chrysler dealers

N.I.H. (Not Invented Here)

Presidential primaries

Prisons

Public corruption

Public sector jobs

Renovated art museum

Socialize 80% of the domestic auto market

Sports stadiums

Stimulus funds

TARP

Tax increases

Tax retirees

Toyota

Transfer jobs from the suburbs

Turing ownership of Chrysler over to the UAW

Turning management of Chrysler to Fiat for “0 Down, 0% interest, 0 principal”

University Research Corridor

World Class International Airport

The tragedy of Detroit is that the city is truly too big to fail. Perhaps Mayor Dave Bing can work a miracle. All these ideas have recently been tried, implemented, or pursued, mostly without major success, often late to the party after the train left the station elsewhere, by the city, state, and federal governments (except for Hashish U.). Each failure further depletes the limited resources of the government.

The state tax increase of $1.6 billion two years ago drove many entrepreneurs out of the state. The Governor wants another large tax increase. Even though she won’t get it (and this Berkeley/Harvard grad doesn’t get it), since the Republicans will not pass it, the mere proposal sends a wrong message to residents.

Detroit is such a large tragedy that the government keeps searching for an instant success. Perhaps the state needs to back off, get out of the waylower taxes and regulations, and let entrepreneurs start up on their own. That’s how Ransome E. Olds, David Buick, Henry Ford, William C. Durant, Walter Chrysler, Charles Kettering, and Albert Sloan built Detroit, the industry, and moved the center of manufacturing to America’s heartland from the East Coast.

Silicon Valley was started by David Packard, William Hewlett, and Frederick Terman.

Government cannot plan jobs and prosperity. Only people can. When entrepreneurs flee a jurisdiction, the remaining residents become increasingly dependent on the government for their economic survival, either through employment or transfer payments.

We don’t know what will bloom, but right now Detroit is growing abandoned homes amidst all the government interventions and 27% unemployment.

Monday, November 30, 2009

The Health Care Blues: The Lawyers' Full Employment Act of 2010

Thanksgiving’s over; Congress is back in session, facing the turkey of “healthcare reform.” It’s not going away; something will pass, hopefully digestible to the voters.

You can’t square a circle, or is it you can’t circle a square? The four irreconcilable legs of the health care plan are abortion, costs, public option, and undocumented immigrants.

The final bill can be prolife or prochoice, but not both. Either way, it will lose votes.

The costs of these proposals will, like all major entitlements to date, grossly exceed the estimates, which is why states like Tennessee abandoned their universal health plans. The plans can only be financed through substantial, job killing tax increases.

Public option is a code word for a single payer (government). It will over time displace the private market.

The current plans exclude undocumented immigrants. Regardless of the merits of granting legal residence, any inclusion will bankrupt the plan. The Obama Administration intends to reintroduce a version of the McCain-Kennedy Immigration Reform Bill that will grant legal status to current residents and their extended family members.

The House Bill is but a scant 1990 pages and the Senate Bill an even more prodigious 2,094 pages. Let loose the lawyers. The final bill will probably be even longer. The legislators have not read the bills they voted on, but lawyers will with an electron microscope.

The profession needs the boost - trial lawyers, defense lawyers, insurance lawyers, tax lawyers, administrative specialists, appellate lawyers, bureaucrats, doesn’t matter! We all need the business. Let law schools open up health reform/universal access clinics, and the lawyers will follow. My job is secure.

A common refrain during the 1970’s and 1980’s was that every major environmental statute Congress enacted, be it CWA, CAA, NEPA, CERCLA, RCRA, or TSCA, should be labeled “The Lawyers Full Employment Act of ---.” These statutes unleashed a horde of regulators and regulations, citizen suits, and especially billable hours.

The House bill will create 111 new agencies, boards, and panels while the Senate Bill imposes a seemingly infinite number of new taxes, in addition to those in the House bill. These bills exceed anything Kafka could have imagined in his worst nightmares. Machiavelli should be proud. The longer the statute, the more likely it will contain incomprehensible and contradictory language.

Only judges and lawyers can straighten out the legislative morass. Lawyers represent clients. The attorney’s professional duty is to find gaps or craft loopholes in the statute, just as tax lawyers do now.

If a camel has been defined as “a horse designed by a committee,” then imagine what a bill drafted by 5 House and 3 Senate committees, and then massaged through a joint conference committee, will look like.

Any prolix statute of 100 pages is perforce a billing opportunity for lawyers. Multiply that 10 fold, and we have a Congressional Christian/Chanukah present to the legal profession. Hand out the Holiday bonuses!

We in legal education should applaud Congress, make that a standing ovation. Too many law schools currently graduate too many lawyers too deeply in debt for too few jobs. The employment market for new attorneys has shriveled in the current economic climate.

Congress has shown the way. An armada of attorneys will be unleashed just to staff the new bureaucracies. An epidemic of lawyers will spread through America like the H₁N. Even more will litigate and appeal the interpretations and enforcement of the new health regime.

Forget the doctors. We will be populated with lawyers, billable hours, retainers, and contingency fees. The California Bar Association lists 222,595 lawyers licensed in the state, while the California Medical Board lists 127,436 medical licenses. America has over 1.2 million lawyers today compared to 750,000 doctors. The differential shall increase in our litigious society.

Congress is creating a national need for more lawyers.

Happy New Year.

The Global Warming Emails and Data Dumps: Science, 'ism's," or Academic Fraud

Science is truth. Science is the objective search for truth. Science is driven by facts. Science draws its strength from objective studies and conclusions, and the universality of its truth.

Religion is faith. We believe these faiths are the truth.

Science is different, but not necessarily incompatible, with religion.

When science stops relying upon facts, but turns to subjective belief, it is no longer science, and should not be treated as such. It is more of a religion. Each of us is free, both by free will given us by God and the Constitution, to choose our religion. Many today have become secular humanists in additional to the traditional religions, and are using this belief to influence their science..

Early on in the environmental movement, a few true believers viewed environmentalism as an “ism,” i.e. a new religion for Man, even resorting to ecoterrorism.

That is not representative of the mainstream environmental movement. Most environmentalists, no matter how fervent their feelings, recognize environmental protection as a major goal for society; to change the prevailing ethos from the quantity of life to the quality of life, from resource exploitation to resource conservation, to view and enjoy our natural resources for ourselves and our children, for aesthetic, conservational, and recreational uses, to keep trees standing and waters flowing in their natural state.

Yet, even the leaders of the mainstream environmental organizations recognized that compromises were inevitable and environmental progress not always steady. The National Audubon Society has oil wells on its refuges, and for a long time the Sierra Club did not use recycled paper to make its beautiful calendars.

The cause of global warming has recently become a religion to some, with no room for dissent and no questioning of the underlying facts. It is their core belief that human activity is warming the globe. The picture painted is apocalyptic, calling for draconian action now!

Perhaps the overwhelming majority of scientists, and certainly the vast majority of Environmental Law professors in America, agree that society must take action to combat human caused global warming, but are not global warming zealots.

What if the science is wrong? What if some of us, a minority like myself, are iconoclasts on the science because we are not convinced? What if the numbers have been manipulated by true believers?

Questions that arise include:

Is the globe really warming, since global temperatures have dropped or stabilized this decade?

Is this decade just a short term anomaly in the long term temperature rise?

Are weather changes simply part of long natural cycles, dependent for example on sunspots, ocean currents, and volcanoes?

Are the apocalyptic global climate models accurate; what are their assumptions and underlying facts? Can they be validated? After all, the models a quarter century ago predicted the coming ice age.

Why is the carbon footprint being singled out when several greenhouse gasses exist?

If the current warming phrase is caused by carbon dioxide emissions into the atmosphere, then would any actions undertaken today make a difference? The current CO₂load is the result of hundreds of years of coal burning, will not dissipate for hundreds of more years, and we currently lack the science to neutralize it.

The scientific method is critical for science to have validity and believability.

A scientist may observe phenomena in nature, or through experimentation, and then form a hypothesis. The scientist can also form a hypothesis, and then test it through experiments, observations, and studies. The goal is to prove or disprove the hypothesis. The observations and methodology should be public so that other scientists can replicate the results, as well as provide searching critiques (even Einstein wasn’t always right a century ago, and cold fusion report from Utah was a bust two decades ago).

Proof of a hypothesis often involves the elimantion of alternative theories. Sometimes you can prove a positive by excluding the negatives. A major variable in global warming is the cooling-warming natural meterology cycle.

The scientist can certainly be hopeful of verifying the theory, but must remain objective. The hypothesis may be a failure, or not verifiable. The data can be incomplete, or even inconsistent and perhaps contradictory. Anomalies may appear in the data. The scientist should then reassess the hypothesis, and perhaps recognize that the answer or solution is not yet in sight.

The true scientist should neither dismiss inconsistent data nor silence opposing voices; the search must always be for the truth.

Science does not have to be 100% correct; indeed, 95% often passes for scientific certainty. (By way of comparison, the law looks upon a preponderance of the evidence, or 50.1%, as factual). Science must recognize that 5% though.

Herein lies the problem with the recent email disclosures. The Climate Research Unit of the University of East Anglia has informally become the central clearing house on global climate studies. Many international reports are based on studies coming through the university, especially the highly influential Inter Governmental Panel on Climate Change (IPCC).

Someone hacked into the computer system at East Anglia, downloaded over 1,000 emails and 2,000 documents, and then posted them for the world to view. The University is irate at the breach of security.

The resulting treasure trove is a Pentagon Papers of Global Warming, or Summer Simpson Papers of asbestos. Some scientists crossed over the line and became true believers rather than truth seekers. They sought not the truth but to suppress it. They have become zealots with Ph.D.’s posing as scientists. They are intolerant of dissent and dismissive of inconsistent facts. Rather than reasoned scientific arguments, they engaged in ad hominem attacks.

One refrain refers to skeptics as “idiots.” Discussions were made of discrediting the Wisconsin Ph.D. thesis of a prominent critic, Dr. Pat Michaels, of the Cato Institute.

Dr. Phil Jones, Director of the East Anglia Institute, wrote to Dr. Michael Mann of Penn State about the “trick of adding in the real temps to each series … to hide the decline” in the actual temperatures.

He also emailed Dr. Mann that with respect to dissenting papers on the IPCC report they “will keep them out somehow --- even if we have to redefine what the peer review literature is!” Critics were unable to get their papers published in peer reviewed journals, and hence turned to the global web with their criticisms of global warming.

The peer review process is supposed to validate the methodology of the paper, and not necessarily its conclusions, but the advocates were using peer review to block publications.

Dr. Mann once argued that if one highly successful, prominent critic, Michael McIntyre, wanted to be taken seriously, he should publish in refereed journals. We now know that was impossible.

Climate Research once published a dissenting paper. Dr. Jones demanded the editor be fired, and advised others to stop considering the publication as a legitimate peer reviewed journal. They encouraged blacklisting of the journal.

Dr. Mann referred to a Wall Street Journal column questioning the global warming hypothesis as “total garbage.”

These proponents of human caused global warming refused to include contrary reviews in their prominent international studies, such as the IPCC, thus providing a veneer of unanimity in the reports.

They refused, contrary to the long established practice in the scientific community, to share their data with contrary voices.

Benjamin Santer of the Lawrence Livermore National Laboratory wrote that he was “tempted to beat” up Dr. Michaels. So much for reasoned discourse! Years of inconvenient measurements were ignored, giving rise to Vice President Al Gore's famous hockey stick of global warming.

The internet releases do not change the underlying science of global warming, whatever that science might be, but they dramatically alter the perceptions and politics.

We have a skewed saying in the law: “I know the law; don’t confuse me with the facts.” The East Anglia circle, key to the international consensus on global warming, is: “I know the science; don’t confuse me with the facts.”

Apparently, we still cannot predict the weather, but we can lie about it.

The true believers may have perverted science and crippled their cause. They distorted the scientific method to seek personal fame, millions in grants, universal acclamation, and even a Nobel Peace Prize.

The Tines of London published over the weekend a report that calls into question the entire methodology and studies of the East Anglia institute. Their studies, the basis for the IPCC report, built a baseline of temperature readings over time so as to calculate global temperature rises over the past 150 years.

The raw data was massaged to account for “variables.” The revised “manipulated” figures become the baseline. The Institute now admits pursuant to a Freedom of Information Act request that it had thrown out the raw data. It has retained only “the value added (quality controlled and homogenized) data.” In other words, science is unable to replicate the East Anglia studies.

Significantly, Professor Jones already had to retract one of his papers, which he could not substantiate in response to criticism by Mr. McIntyre.

I repeat, global climate change may or may not be a scientific fact, but you cannot prove it by the East Anglia studies. We have true believers, who quite possibly engaged in massive academic fraud.

Wednesday, November 25, 2009

The Grinch Who Stole Christmas Before Thanksgiving

The celebration of Christmas, of course, celebrates the birth of Christ. The holiday and season are based on religion, reflecting the Judeo-Christian, or at least Christian, heritage of Western Civilization.

Recent decades have witnessed the secularization of Christmas, such that the comedian Stan Freeberg sang 4 decades ago: “I’m dreaming of a Green Christmas.” Thus, only 30 shopping days till Christmas, preceded by Black Friday.

Shopping not excepted, Christmas still remains a highly religious celebration to most Americans, overlapping with Chanukah.

We thank God for the birth of Jesus, pray for peace and love, and also remember those less fortunate than ourselves. Thus, we give of ourselves to others. We give because of religious beliefs and our moral code. We give because we will.

Yes, we can call it charity, donations, philanthropy, munificence, or eleemosynary, but not everything shows up as a charitable contribution to a 501C(3) on our tax returns. We give because it is who we are.

We give in large ways and small. We give to people and institutions. We give to adults and children. We give locally and globally. We donate to causes and even to the unknown. When we throw coins into a Salvation Army pot or toys into a Marines Toys for Tots box, we know they will reach the deserving.

And on occasion a Grinch throws lumps of black coal into the majesty and beauty of Christmas.

The Orange County Superior Court House has placed a tree in the lobby for about two decades. The tree has tags hanging from it. Each tag has the name of a specific child for whom a donation is sought. 374 presents were donated last year for Operation Santa Claus.

A Grinch, a member of the public, saw the 6’ artificial tree the other day and complained. Someone, a thoughtless bureaucrat, in a position of authority, but lacking common sense and wisdom, inexplicably removed the tree on Monday.

We can debate the meaning of the First Amendment, but a Christmas tree is not a religious symbol, and the tree in the courthouse does not display religious ornaments. It is a symbol of peace and beauty and our humanity to our fellow man.

In lieu of the tree, a barren table was placed in the lobby. It is no substitute, but symbolic.

The court employees have circulated a petition, protesting the removal. The petition eloquently expresses the heart and soul of America:

“That tree holds the cards that contain the wishes and needs of those less fortunate
than we are and shame on those who want to take that away from those of us who
wish to give. Now at the court’s darkest hour, our symbol of hope has been taken
away from us.”

Amen.

Tuesday, November 17, 2009

President Obama Has Called For a Jobs Summit

President Obama has called for a jobs summit on December 3. He has invited economists, business owners, executives, labor, academia, non-profits, and government to the summit. It's invitation only. We don't know yet if the Chamber of Commerce is invited. He should invite the Chinese, and forget the rest.

In other words, after almost a year in office, he’s clueless.

He’s acting like a community organizer, getting everyone in a room together to resolve an issue.

America needs a President who will take action. Leaders must lead at a defining point in their Presidencies. The economy is the single most important issue to most Americans. Healthcare Reform, cap and trade, et al, do not create jobs. To paraphrase the old Ford slogan: “Employment is Job One,” or should be.

The President had 11 months to create jobs in this country. The Stimulus Bill was designed to keep employment under 8.6%. It was 8.1% when he assumed office. Unemployment is now 10.2% and rising. The Stimulus Bill is a costly failure.

The few jobs created have been in government. Most of the jobs saved have been in government.

A Detroit Free Press study showed that the hundreds of millions of dollars spent to buy thousands of cars from the Detroit manufacturers did not save or create one job. Employment remained static. The newspaper also reported that “fewer than 700 awards had received money, and nearly half of them – 327 – had created one job or less, at a cost per job of $2.7 million.” $2.7 million per job!

The Boston Globe reviewed the claim of 12,374 jobs being created or saved in Massachusetts, and called it “wildly exaggerated.”

Why do we need a summit when the President has a distinguished economic team advising him?

First, we have Timothy Geithner, the tax cheat, as Secretary of Treasury. One of Secretary Geithner’s first acts was to rail against China, the same China who controls our deficit.

Lawrence Summers, Treasury Secretary in the last two years of the Clinton Administration, is the Director of the National Economic Council. Summers is a brilliant economist, one of the youngest tenured professors in the history of Harvard, and fired as President of Harvard. Harvard is still digging out from some of the decisions he made on the investment policies of the Harvard endowment.

Professor Christina Roemer is the Chair of the Council of Economic Advisors. As an expert on The Great Depression, she should know better than raising taxes during a recession, but she favors taxing “Cadillac” health plans, which will soon be almost all private health insurance plans. She voiced a scary statement last month in which she said that almost all the job growth that will come from the Stimulus Plan has already occurred.

Not one of the President’s advisors is proposing plans that will promote entrepreneurism and the growth of new jobs in a changing economy. Not one is talking about unleashing the genius of the American people. Instead, they have concentrated on old jobs, such as GM and Chrysler, and public sector union jobs. The Obama Administration is fighting “the old economic war.”

The Democrats in Congress are clueless about economics, but well versed in politics.

President Obama is presently in China, the fastest growing economic power in the world. The Chinese Communists, currently the best capitalists in the world, are trying to educate the community organizer on capitalism and economics. He should listen, before they dump the dollar.

Sunday, November 15, 2009

The Next Frontier in Taxation: Taxing Students

The City of Pittsburgh is facing a taxing issue. The City’s budget is $15 million short and the Carnegie Public Library is also short of funds. The trick is to raise taxes on non-residents, who thereby do not vote.

Cities have imposed commuter taxes, hotel taxes, and rental car taxes. Pittsburgh even imposed a parking tax and proposed a “sick tax” on hospital bills in the 1970’s.

Mayor Luke Ravenstahl believes he has found the solution: a 1% tax on student’s college and university tuition bills in Pittsburgh, which he claims will raise $16 million annually. He's foaming at the mouth and fisc at the prospect of taxing 100,000 students at 7 institutions.

The students don’t vote, and the institutions can’t pack up their billion dollar plan and facilities and move to the suburbs. Seemingly, the schools and students are stuck in Pittsburgh.

The dauntless mayor is unfazed by the fact that similar taxes were rejected in Providence earlier this year, and got nowhere in Boston and Chicago.

Technically, he claims it will not be a tax on the students or their schools, but a fee levied “for the privilege of receiving a higher education in Pittsburgh.”

Semantics aside, it’s still a tax, which will be paid either directly or indirectly by the students. Ostensibly the purpose is to compensate the City for the services provided to the students, such as police and fire, and building inspections. In reality the jobs and revenues provided the City by the universities more than cover the cost to the City. Students, of course, pay large amounts of sales taxes, and contribute substantial sums to the Pittsburgh economy

The Mayor does not propose to dedicate the tax revenues to these purposes. Instead, he would pay them into the city’s pension plan and use for capital improvements. So much for polica nad fire, and building inspectors!

Imposing a tax on the universities poses a major legal problem. The City will be taxing nonprofit institutions, which are exempt from taxation. A tax on students raises issues under the Privileges and Immunities clause.

The colleges and universities have survived, indeed grown, in Pittsburgh and other cities as the traditional commercial, industrial, and retail bases have shrunk or collapsed. Thus, the Mayor wishes to tax the remaining, successful economic institutions in the city.

The idea of taxing college students represents a reversal of 350 years of American greatness.

One of the great distinguishing characteristics of America is upper mobility, made possible by universal education through high school and then our vast system of higher education.

Harvard University was founded in 1636 with a grant from the Massachusetts General Court. The University of North Carolina was founded in 1789 as the nation’s first public university. Our Founding Fathers recognized the need for colleges in the nascent nation. Ben Franklin founded the University of Pennsylvania and Thomas Jefferson the University of Virginia.
,
The Universities of Georgia, Tennessee and Vermont were established in the late 1700’s. The University of Michigan was founded in 1817 by the Territory of Michigan before statehood was achieved. Other public universities were also founded before the Civil War.

Congress enacted the Morrill Act in 1862. This statute established our public land grant colleges, which joined the earlier public universities to create a system of public higher education for Americans as compared to the private universities, especially in the East, who opened their doors to the country's Protestant elite but closed the doors to Catholics, Jews, women and graduates of public high schools.

World War II witnessed the enactment of the GI Bill, which provided a free education to our Veterans, many of whom had never considered college during the Great Depression. A large wave of building community colleges and the Masters universities followed, accompanied by the expansion of the already established public universities.

Congress then enacted a series of student loan programs and the Pell Grants, as states offered similar grants as well as heavily subsidizing the public institutions to keep tuition and fees low.

The United States was making higher education available to all who wanted it at an affordable cost.

But then escalating costs of higher education coupled with state budget deficits and cuts to higher education resulted in sharp increases in tuitions and fees.

And now, Mayor Ravenstahl wishes to complete the circle by actually taxing tuition when most college students receive discounted tuition through scholarships and student loans as they struggle to pay the increasing costs of a college education, post graduate studies, and professional schools.

Saturday, November 14, 2009

Kelo Redux: The bankruptcy of a Jurisprudentially Bankrupt Decision

Every once in a while the Supreme Court issues a horrific decision – one which meets with general condemnation, such as the Dred Scott, Plessey v. Ferguson, and Korematsu cases.

The most recent infamous opinion of this ilk is the 2005 decision of Kelo v. City of New London, where the Court in a reviled opinion held the government could condemn private property to turn over to a developer, who presumably would make more productive use of the property.

New London is a picturesque coastal town in Connecticut. Like many communities in the Northeast and Midwest, its traditional economic base is declining. New London was looking for economic development, and thought it found salvation in convincing Pfizer to build a large facility in New London, and develop a hotel, offices, condos and shops on the surrounding site. The city’s planners and political leaders salivated at the prospect of $1.2 million annually in increased property taxes, and thousands of jobs.

The only hitch was that the landowners, the residents who resided in the nice nine-acre Fort Trumbell neighborhood, refused to sell or move. New London therefore decided to condemn their houses, and then turn the site over to a developer.

The Court opined that the use of eminent domain for economic development constitutes a legitimate public use under the 5th Amendment’s Takings Clause: “Nor shall private property be taken for a public use, without just compensation.” The landowners’ argument was that the government does not have the power to take private property for a private use.

The Court held that the projections of economic growth, jobs, and tax revenues, as well as community revitalization constituted a public use.

The reaction to Kelo was quick, widespread, and generally hostile. Either by citizen referendum or legislation 43 states have limited the power of eminent domain.

Even if five justices, the media, and some politicians don’t understand the evil of Kelo, the public does. We believe that the government should leave our homes and businesses alone. To turn our houses and businesses over to rich developers or businesses defies the essence of America; we are equal. If it could happen in New London, it could happen anywhere in America. Those with money or power could use the government to squeeze out the less affluent.

Kelo is a singularly poor decision for three reasons. First, it violates the intent of the Bill of Rights. Our Founding Fathers realized that the Constitution granted broad powers to the government, but provided no protection to the people. The next step therefore was to adopt a Bill of Rights, which limited the role of government while recognizing the rights of the people.

The majority opinion interpreted the 5th Amendment to give rights to the state at the expense of the individual, clearly a judicial perversion of the Bill of Rights.

Kelo is also bad economics and public policy. It is premised on the illusion that government planners can map the future. The market will determine economic growth, not government planners. They will no more plan the future than the old 5 year plans of the Soviet Union. The result of Kelo is a $78 million investment by the city and state in a vast 24 acre vacant lot and a symbolic black hole in the ground representing no property tax revenues. The city traded weeds for homes.

Third, among the groups opposed to the decision are those representing minorities. Minority communities have long been victimized by earlier urban renewal projects, as well as being the recipient of land uses anathema to affluent communities. They know, and history proves, that the impacts of Kelo will disproportionately fall on their communities. The term is environmental justice.

Part of the reasoning of Kelo was based on dicta in a 1954 Supreme Court decision, Berman v. Parker. The case involved a standard 1950’s type urban renewal project: condemn the land in a “blighted” neighborhood, usually near downtown, and then turn it over to a developer to renew the area. The displaced residents then simply started a new ghetto elsewhere in the city. The projects were often unsuccessful in the long run, with the only profits being realized by the developers. Corruption or influence peddling was often the factors in choosing the developer and site.

Pfizer announced last week that it was closing the 750,000 square foot New London facility, resulting in the loss of 1,400 jobs over the next two years.

The redevelopment was bankrupt.