Charles Hafter | Seven Days | Vermont's Independent Voice

Charles Hafter 
Member since Feb 1, 2016


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Re: “City Reveals Burlington Telecom Bids, But Questions Remain

Alex: Thanks for the info, but I still remain confused:
1. 14% is 14% no matter who lends you the funds. The greater the perceived risk, the higher the interest. Why would "strategic partner" want to charge such exorbitant interest? 14% is a very heavy burden to carry.
2. If no standard lender will lend the funds, at any interest rate, that should tell you something. No business history and no collateral should also be a red flag.
3. If this is a true net profit, inclusive of debt service and capital reserves, and not just depreciation, this is great.
4. Maybe, maybe not, depends on the details of the loan. Maine Fiber may be making their profit on the loan, not the infrastructue, and not permit a refinancing or require a set amount of the principle bring repaid before a refinancing.
I would also like to hear from a board member. Sounds like the coop has less than a 5% skin in the game.

24 likes, 1 dislike
Posted by Charles Hafter on 09/21/2017 at 1:36 PM

Re: “City Reveals Burlington Telecom Bids, But Questions Remain

The local coop wants to fund the purchase with a ten year loan at 14 (FOURTEEN) percent interest. Can that be correct? Given where the current prime rate is, if this is correct, lenders must have no faith in the coops ability to run a successful telecom company. I can only get 14% on Mexican pesos futures. That rate wold add a 1.4 million interest only debt load to BT in year one. How can they swing that? Something is not right.

32 likes, 1 dislike
Posted by Charles Hafter on 09/21/2017 at 10:12 AM

Re: “SoBu Decision to Drop Rebels Nickname Sparks Backlash

Pixchic: Sorry, the founders of our country try were PATRIOTS not Rebels. Hence, the New England Patriots.
The English considered them Rebels.
I would not mind Rebels, except for the past history of a confederate mascot and confederate flags in the high school.

23 likes, 24 dislikes
Posted by Charles Hafter on 02/08/2017 at 8:52 AM

Re: “Rebels No More: SBHS Student Isaiah Hines on the End of the Rebels Nickname

Ethan Allen was not a Rebel. He was a Patriot. Hence the NE Patriots. Let's not confuse the issue. Thanks to Mr. HInes, the School Board and David Young, Superintendent for this decision.

34 likes, 35 dislikes
Posted by Charles Hafter on 02/03/2017 at 1:52 PM

Re: “Middlesex Officials Want State Psychiatric Facility Gone by 2018

"Indirectly?". Sounds very direct to me. Let'stand stop passing the buck and solve this problem to get
help to neighbors who desperately need it. And free up hospital space for those who need emergency rooms.
This is an essential government function, I don't blame the town one bit.

7 likes, 0 dislikes
Posted by Charles Hafter on 01/24/2017 at 10:33 AM

Re: “Media Note: Herald Publisher to Retire, Photographer Fired

Truly sad what has become of our newspapers, but I do believe we should change our national motto from "E Pluribus Unam" to "Well, you're doing me a favor, because I was going to quit tomorrow anyway, and now I can collect unemployment".

7 likes, 9 dislikes
Posted by Charles Hafter on 09/13/2016 at 9:27 AM

Re: “Alan Newman Buys Stake in Higher Ground Nightclub

Thanks Kevin for all the fun and musical joy you have brought to Souh Burlington. Best of luck in the future.

Alan always brings the funk.

3 likes, 0 dislikes
Posted by Charles Hafter on 02/01/2016 at 2:01 PM

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