Word: lerner
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...janitors went on strike in late October for a month, blocking downtown traffic until they won an agreement between the Service Employees International Union (SEIU) and five major cleaning companies for higher wages, medical benefits, paid vacation and more hours. "We're building a much broader movement," says Stephen Lerner, director of the SEIU's Justice for Janitors campaign. "The union writes, talks and acts in the language and culture of the people we're organizing...
...Today a new generation of hedge-fund billionaires and Chinese and Russian kleptocrats is part of an ocean of capital flowing into galleries and auction houses. "There seem to be no limits to what people will pay, and in every kind of art," says art-tax specialist Ralph Lerner, whose clients include some of the country's biggest collectors...
...lobbying to have the tax provision withdrawn, say they're already getting the cold shoulder from potential donors. "There have been donors in negotiations who pull back immediately," says James K. Ballinger, director of the Phoenix Art Museum, which obtained two Georgia O'Keeffe paintings through fractional giving. Lerner says he's advising clients to hold off on donations and has pulled the plug on a $20 million painting. "I don't go through a long explanation. I just tell the client, 'You can't do this any longer,'" he says. "They say, 'Fine...
...Deutsche Bank gaming analyst Bill Lerner says Wynn's loss isn't surprising for a company still very much in development. According to Lerner, the competitors' two Vegas hotels earn just about the same operating profit, though since Wynn's property is smaller, it does average more per room and gaming table. However, Lerner says the best way to compare the two properties is to look at return on net investment. By this measure, the Venetian wins out, 30% vs. 12% to 14% for Wynn, but since Wynn's hotel is so much newer, he could catch up. Amazingly, Lerner...
...countries can be caught off-guard?witness Hurricane Katrina. Indonesia, with its 54,716 km of often densely populated and earthquake-prone coastline, is particularly exposed to the threat of local tsunamis. "There need to be sirens or SMS messages on cell phones or even Internet warnings," says Arthur Lerner-Lam, director of the Center for Hazards and Risk Research at Columbia University. "The public has to be aware of what to do, and that's education." In Indonesia, such educational programs are only in place on Sumatra, which bore the brunt of the 2004 tsunami, and even there, only...