Peter's Place

"Widespread Access" and "Inconsistent" Spending: The Admissions & The Consequences By Peter C. Frank | The Bloomfield Dispatch BREAKING NEWS (Dec 30): CREDIT RATING DOWNGRADED Just moments ago, the bill for mismanagement came due. As we prepared to publish this analysis of the Administration's internal failures, S&P Global Ratings issued a bulletin lowering Bloomfield's credit rating to 'AA' and placing the town on CreditWatch Negative . The agency explicitly cited the "history of delayed audit filings" and warned of a "one-in-two likelihood" that the rating could be withdrawn entirely in 90 days. (Full details below). The Forensic Audit: Conclusion. In Part 5.1 and Part 5.2 of this series, we analyzed the first ten reasons provided by Finance Director Darrell Hill to the State Office of Policy and Management (OP...

Part 2: The True Cost of Mismanagement By Peter C. Frank , The Bloomfield Dispatch  (Read Part 1 ) BLOOMFIELD, Connecticut, November 24, 2025 - In Part 1 , I discussed the silence of our elected officials in the face of administrative turmoil. In Part 2 , I am breaking that silence to look at the raw numbers. 🚨 BREAKING UPDATE: S&P Confirms "Weaker Management" & Cannot Explain $21M Data Gap [UPDATED 11:40 AM November 25, 2025] - In a response to questions from this reporter, S&P Global Ratings—the agency that assigns Bloomfield's AA+ credit rating—has acknowledged that the town's "management profile... is weaker relative to most higher-rated peers" and confirmed their analysis relies on unaudited financial data. The $21 Million "Phantom" Reduction: Crucially, when pressed to explain a $21.4 million discrepancy between the...

Found this awesome video clip from one of my favourite famous women who do not work in the field of entertainment, Suze Orman: Here is a partial transcript of quotes that I thought should be transcribed for all to see: Back [in the 1980s], there were ethics. There were ethics with money, believe it or not. You couldn't buy a house unless you had 20% down. They didn't give you credit cards unless you had the money to get out of credit card debt. They didn't give you a financial rope so that you could hang yourself. Today's economy is based on the ignorance of the people everywhere in the hopes that you're going to make some serious financial mistake that makes these people over here be able to meet their earnings reports for the stock markets and the this and the that. Way back when, money made sense. You could go to the university and pay $100 a semester to attend. Now we have kids graduating college with more student loan debt than they have any idea ...

A friend from the UK recently sent this as an explanation of their tax system: This topical explanation may be of help in understanding the recent UK budget! Suppose that every day, ten men go out for beer and the bill for all ten comes to £100... If they paid their bill the way we pay our taxes, it would go something like this... The first four men (the poorest) would pay nothing. The fifth would pay £1. The sixth would pay £3. The seventh would pay £7. The eighth would pay £12. The ninth would pay £18. The tenth man (the richest) would pay £59. So, that's what they decided to do.. The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve ball. "Since you are all such good customers," he said, "I'm going to reduce the cost of your daily beer by £20". Drinks for the ten men would now cost just £80. The group still wanted to p...