Marching on: That’s another workweek in the books, dear readers, and just four days to go until the official start of spring (the 2018 Spring Equinox occurs at 12:15 p.m. Tuesday in our Northern Hemisphere).
Pay no attention to that talk of another nor’easter bringing snow to Long Island Tuesday night. Not going to happen. Nope.
Proper introductions: It’s March 16 out there, a big date for historical launches – the U.S. Military Academy at West Point (1802), the U.S. Army Corps of Engineers (also 1802), the now-defunct Barnum & Bailey Circus (1881) and the Federal Trade Commission (1915) all debuted on this date.
Speaking of launches: Rocket man Robert Goddard launched his first liquid-fueled missile on March 16, 1926, sending it an impressive 184 feet.
And speaking of red-letter dates, Nathanial Hawthorne’s “The Scarlett Letter” turns 168 today. It was first released by Boston publishers Ticknor, Reed and Fields on this date in 1850.
Share alike: Today also marks one of the New York Stock Exchange’s darkest anniversaries. On March 16, 1830, only 31 shares were sold – still the NYSE’s slowest trading day on record.
For perspective: There hasn’t been a day with fewer than 1 million shares traded since 1953, nor a day with fewer than 1 billion shares traded since 1997.
Happy birthday, Mr. President: James Madison, the fourth U.S. chief executive, marks another year today, as does actor Harrison Ford. No, not that one – the silent film star born in Missouri in 1884 (he died in 1957, when that other Harrison was just 15).
And many more: Classic comedians Henny Youngman (1906-1998) and Jerry Lewis (aka Joseph Levitch, 1926-2017) also share the date, as do Daniel Patrick Moynihan (1927-2003), the longtime U.S. Senator from New York, and William Jonathan Drayton Jr. (born 1959), better known by his stage name Flavor Flav.
Yeah, boyeee: Wish the Public Enemy hype man well at email@example.com, and please drop off a story tip or calendar item, too.
They’re the geniuses, not us: Before we wrap up the week in innovation, thank you to reader Tom Mariner, who noted a typo in Wednesday’s newsletter that cut some 11 years off Albert Einstein’s remarkable life (he died in 1955, not 1944, as we said in our birthday salute).
And on the topic of brilliance cut short, farewell Stephen Hawking, an innovator on levels most of us cannot even imagine.
BUT FIRST, THIS
In Ratner and Weisbrod they trust(ee): Cold Spring Harbor Laboratory on Thursday announced the addition of Bruce Ratner and Stuart Weisbrod to its Board of Trustees, adding a master developer and an expert in healthcare investments to the nonprofit laboratory’s brain trust.
Ratner is chairman of Brooklyn-based real estate development company Forest City Ratner, a division of Ohio’s Forest City Enterprises and one of the nation’s busiest urban-development companies. Weisbrod, a former CSHL research fellow, is chief investment officer of Connecticut-based Iguana Healthcare Partners, a healthcare investment fund focused on public equities.
“Mr. Ratner’s leadership in fostering collaboration between industry and academia will be invaluable to CSHL’s mission of bringing the discoveries of basic research to society,” CSHL Board of Trustees Chairman Jamie Nicholls said Thursday. “We are also fortunate to bring back Dr. Weisbrod, who … has continued to drive progress in biomedical science as an investor and financial advisor.”
Forget something? It may be embroiled in a bitter battle with the NYS Assembly over a potential “suburban surcharge” (see below), but that doesn’t mean Uber has lost its sense of humor.
To that end, the San Francisco-based ridesharing pioneer has broken down the “Most Forgotten Items on Long Island” – that is, the belongings most frequently left behind in Uber cars, as well as the oddest items accidentally abandoned by passengers.
There are few surprises among the most-frequently-forgotten items, according to Uber, which include phones, wallets, keys and headphones. But things get a little more interesting in the company’s rundown of “unique/outrageous” forgotten items, which runs 40 deep. Among the odder abandonments: a silver case of throwing darts, a can of Raid, an electric fly swatter, an authentic Cuban cigar, a New York State Department of Corrections parking pass and a “bag of meat.”
Mixed bag: Good news and bad news on the local job front from the NYS Department of Labor, which reported this week that Long Island’s unemployment rate crept up in January – to 4.9 percent, up from 4.7 percent in January 2017 – with the number of unemployed Islanders rising by 3,200, year-over-year, to roughly 72,400.
The good news: The Island actually boasted 7,600 more jobs in January 2018 than it did in January 2017, according to the Labor Department.
About our sponsor: The Law Offices of Andrew Presberg is Long Island’s premier “IDA attorney” for businesses relocating, expanding and growing on Long Island. Founded in 1984, the practice also focuses on the purchase, sale, leasing and financing of commercial and industrial property, SBA loan transactions, construction, commercial banking and real estate litigation.
TOP OF THE SITE
Viret generous: An Adelphi University alum, now the president of a French biosciences conglomerate, has gifted $1 million to his alma mater to support an innovative Faculty Leadership program.
Uber angry: With the NYS Assembly weighing a $1 surcharge on all New York ridesharing trips outside Manhattan, San Francisco-based Uber is taking the fight to the streets.
Executive decision: SUNY Old Westbury is reviving its ambitious Executive Leadership Forum, with a little help from former American Express CEO – and top world leader, according to Forbes – Ken Chenault.
Stable Orbit: With net sales holding steady and net income spiking, Hauppauge-based electronics manufacturer Orbit International has wrapped up another efficient fiscal year.
Innovator Brian Fried has reinvented his inventor’s clubs, Long Island Jewish is reinventing its Emergency Department, and with his steel tariffs going over like a lead balloon, an internet domain related to President Trump’s possible impeachment has a Holbrook digital-marketing firm flying high.
STUFF WE’RE READING
Finally, progress at EPCAL: It’s not a futuristic aerospace hub or an indoor ski mountain, but the Town of Riverhead has granted site-plan approval for a 134,000-square-foot detox/rehab center at Enterprise Park at Calverton.
Sip it up: Behold, the marvelous and surprisingly intricate history of that plastic lid on your to-go coffee cup.
There’s money in honey: Some $12 million later, how a father-and-son inventor duo is bringing honey production to everyman’s backyard, without the bee-keeper suit.
ON THE MOVE
+ Nicholas Terzulli, former director of business development at the Nassau County Industrial Development Agency and adjunct professor at Hofstra University’s Frank G. Zarb School of Business, has joined Uniondale-based Farrell Fritz as a real estate associate focused on economic development.
+ Joshua Herman, a commercial litigation associate at Uniondale-based Farrell Fritz, was recently appointed to a three-year term on the board of Music at the Anthology, an organization that commissions, presents and supports the music of a broad base of composers from around the world.
+ Stephen Ebinger, a partner at NYC law firm CohnReznick, has been elected to the board of directors of Islandia-based Contractors For Kids.
+ Gino Veneroso was promoted to area manager of business development for Sunrise Senior Living. Veneroso will be responsible for overseeing business development for 12 Sunrise communities in Suffolk, Nassau, Richmond and Rockland counties.
+ Zachary Goldman is the newest associate in the Commercial Lending practice group at Certilman Balin Adler & Hyman. Previously, Goldman was a law clerk at Levy, Holm, Pellegrino & Drath in Manhattan.
+ Ellen Ritz has been appointed board president of the National Alliance on Mental Illness-Queens/Nassau, where she teaches courses and is the creator and co-leader of the Whole Family Support Group.
+ William Kang has joined Meyer Suozzi English & Klein’s Garden City office as an associate in the firm’s Litigation and Dispute Resolution Department. Kang was previously an associate at Barton in Manhattan.
+ Anna Diolosa has joined Garden City-based National Arbitration and Mediation as vice president of marketing. She previously worked in Manhattan as BDO USA’s senior manager of marketing and business development.
BELOW THE FOLD
Lingerie laugher: The Ventresca sisters, the brains behind the beauty at innovative DIY lingerie manufacturer Impish Lee, are feeling a little cheeky.
Green energy: To power up for tomorrow’s festivities, check out these 15 Things You Might Not Know about St. Patrick’s Day, courtesy of Mental Floss. (St. Patrick was British? And he wore blue? Begorrah!)
Finally, you can experience Shakespeare properly: Duolingo, the online instructor offering free linguistic lessons in 30 different tongues, has now added Klingon to the mix (and if you got that Shakespeare joke, you’re a true “Star Trek” fan indeed).
Beam us out: That’s all for this week, dear friends – but please remember to support the great firms that support Innovate LI, including the Law Offices of Andrew Presberg, which goes where no real estate law firm has gone before.