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Unemployment To Stay High In 2010, Geithner Says

by on March 16, 2010

U.S. Treasury Secretary Timothy Geithner and other top economic officials in the Obama administration say that, while they expect some improvement this spring, 2010 will probably remain a rough year for Americans looking for work.

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Unemployment To Stay High In 2010, Geithner Says

Bank Of America To Publish Political Donations

by on March 13, 2010

New York City Comptroller John C. Liu has scored a coup in an ongoing national effort to increase corporate transparency after the U.S. Supreme Court lifted a century-old ban on corporate political spending. Fearing the ramifications of the January court ruling, which opens the way for millions of corporate dollars to be poured into this year’s elections, the trustees of the city’s pension funds and other major institutional investors have begun to demand more transparency and accountability from the companies in which they invest.

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Bank Of America To Publish Political Donations

Experts to Discuss Distressed Asset Deal-Making

March 12, 2010

Commercial Real Estate Women will host a March 18 educational luncheon program, focused on deal-making in lender-owned real estate and other distressed assets. It will take place from 11:30 a.m

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Experts to Discuss Distressed Asset Deal-Making

March 12, 2010

Commercial Real Estate Women will host a March 18 educational luncheon program, focused on deal-making in lender-owned real estate and other distressed assets. It will take place from 11:30 a.m

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HHS Leases 114,500 SF in Quincy

March 9, 2010

The Executive Office of Health and Human Services for Massachusetts signed a lease for 114,451 square feet of office space at HarborSouth Tower in Quincy. MassHealth and other related divisions will occupy floors four through eight at 100 Hancock St….

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Credit Default Swaps Are Dangerous, US Taxpayers Are Still On The Hook

February 27, 2010

Derivatives are responsible for much of the interconnectedness between banks and other institutions that made the financial collapse accelerate in the way that it did, costing taxpayers hundreds of billions in bailouts. Yet credit default swaps have been largely untouched by financial reform efforts.

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Video: Brynjolfsson Doubts German Aid Would Solve Greece Crisis: Video

February 26, 2010

Feb. 26 (Bloomberg) — John Brynjolfsson, chief investment officer at Armored Wolf LLC, talks with Bloomberg’s Matt Miller about the impact of possible German aid on Greece’s debt crisis. Germany is considering buying Greek bonds through state-owned lender KfW Group, German lawmakers said today. Brynjolfsson also discusses Armored Wolf’s sovereign-debt strategy and debt issues in the U.S. and other parts of the developed world. (Source: Bloomberg)

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Kennedy Wilson Completes Largest Buy in its History – A Loan Portfolio

February 24, 2010

International real estate investment and services investment firm Kennedy Wilson has acquired a $342 million loan portfolio from a large regional bank. The loan portfolio is composed of residential, hotel, retail, office, land, multifamily and other…

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Video: Rendino Says U.S. Market Health Offset by Europe Concern: Video

February 8, 2010

Feb. 8 (Bloomberg) — Kevin Rendino, who manages about $10 billion at BlackRock Inc., talks with Bloomberg’s Margaret Brennan about factors affecting stocks, including the financial problems of Greece and other European nations. Rendino also discusses investment strategy. (Source: Bloomberg)

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Distressed real estate equals work for lawyers

February 7, 2010

their operations to handle the surge in -related foreclosures, bankruptcies and other situations. Seyfarth Shaw LLP established its Distressed Asset Resolution Team in 2006, When we saw the down cycle coming, and wanted to get out in front of it, said

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Video: RBC’s Jones Says Financial Aid for Greece `Unavoidable’

February 5, 2010

Feb. 5 (Bloomberg) — Russell Jones, head of global fixed-income strategy at RBC Capital Markets, discusses investor concerns about the fiscal situation in Greece and other euro-region countries. He talks with Bloomberg’s Rishaad Salamat in London.

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Video: Aid Donations Go Further When Disasters Are In the News

January 18, 2010

Jan. 18 (Bloomberg) — Bloomberg’s Ryan Chilcote reports on the cost to charities of delivering aid to earthquake-struck Haiti and other natural disaster zones. (Source: Bloomberg)

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Strategies For Buying Real Estate In A Slow Market | Kingston …

January 1, 2010

The real estate market tends to be cyclical with some periods favoring buyers and other periods favoring sellers. As with other free markets, the pricing and.

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Former Merrill Banker Mihara to Form Distressed Fund (Update2) (Bloomberg)

November 24, 2009

Red Bank, New Jersey-based Zais last month hired Mihara, 45, as chief investment officer to help it raise 50 billion yen to 100 billion yen to buy real estate, securities backed by commercial mortgages and other distressed assets in Asia, said Katsuhito Manabe , president of Zais’s Tokyo unit.

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Tribune to pay back $170 million worth of debt

November 10, 2009

Angeles Times and other news outlets, said Tuesday it will pay back $170 million worth of outstanding “debtor-in-possession” debt, which it took out to pay for Chapter 11 bankruptcy proceedings. Tribune had filed for bankruptcy protection in December

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The Distressed Debt Conference 2009 – GarysGuide.org – The #1 …

November 9, 2009

Distressed and turnaround investors understand that the economic downturn has created unprecedented opportunities in the distressed debt market. Hedge funds, private equity funds, funds of funds, and other investors have raised tens of …

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The Distressed Debt Conference 2009 – GarysGuide.org – The #1 …

November 9, 2009

Distressed and turnaround investors understand that the economic downturn has created unprecedented opportunities in the distressed debt market. Hedge funds, private equity funds, funds of funds, and other investors have raised tens of …

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The Distressed Debt Conference 2009 – GarysGuide.org – The #1 …

November 9, 2009

Distressed and turnaround investors understand that the economic downturn has created unprecedented opportunities in the distressed debt market. Hedge funds, private equity funds, funds of funds, and other investors have raised tens of …

Read the full article →

Standard Parking Corporation Reports Solid Third Quarter 2009 Results and Free Cash Flow of $6.4 Million

November 2, 2009

CHICAGO, Nov. 2, 2009 (GLOBE NEWSWIRE) — Standard Parking Corporation (Nasdaq:STAN), one of the nation’s leading providers of parking management, ground transportation and other ancillary services, today announced third quarter 2009 earnings of $0.27 per share, a decline of 7% from the third quarter of 2008. The Company’s year-over-year growth in third quarter EPS was 25% after adjusting for certain insurance and legal related items and a prior year gain. Year-to-date free cash flow of $11 million is in line with the Company’s full-year expectation of $15 million to $20 million.

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Resource America: $110M in real estate deals since ’07

October 29, 2009

Resource America Inc.’s unit that specializes in real estate has invested $110 million for institutional and other clients in distressed real estate deals since late 2007, when it began looking for new deals. Resource Real Estate Inc. managed

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Who’s Who in investment property management (North Bay Business Journal)

October 26, 2009

The Business Journal profiled 23 leading managers of North Bay investment real estate. That includes office, industrial, retail, multifamily and single-family properties for which the owners have entrusted handling of tenant relations, marketing, maintenance and other related services.

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Sunbelt States showing promise in Real Estate market recovery (PRWeb via Yahoo! News)

October 22, 2009

Phoenix and other sunshine cities seem to be leading the march to the Real Estate rebound.

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Video: Cocoa and Other Soft Commodities Rise

October 21, 2009

Cocoa and other soft commodities still on price hike. (The Trade)

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Viper Networks, Inc. (VPER) Announces Telecommunications Agreement in Bahrain

October 20, 2009

TROY, MI–(Marketwire – October 20, 2009) – Viper Networks, Inc. ( PINKSHEETS : VPER ) announces that it has entered into an Agreement with a leading telecommunications operator in the Kingdom of Bahrain , for sales, distribution and other value-added services, as part of the Company’s continuing expansion with leading telecom operators throughout Asia, the Middle East, Australia and other continents, for its recently awarded India telecom license.

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Mish's Global Economic Trend Analysis: Commercial Real Estate …

October 16, 2009

What would that do to California jobs and California commercial real estate prices? How many tax breaks will Phoenix give to get corporations to relocate? Will California, Illinois, New York, and other places quietly let businesses …

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Steep Losses Pose Crisis For Pensions

October 11, 2009

The financial crisis has blown a hole in the rosy forecasts of pension funds that cover teachers, police officers and other government employees, casting into doubt as never before whether these public systems will be able to keep their promises to future generations of retirees.

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Volcker: China’s Rise Underscores The Decline Of The U.S.

September 29, 2009

Former Federal Reserve chairman Paul Volcker said the rise of China and other emerging economies has underscored a decline in the comparative economic and intellectual leadership of the U.S.

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Short sales spread across real estate market

September 27, 2009

… and people, whether they are homeowners or real estate agents, just roll their eyes. The practice, … care of it. However, with so many distressed properties for sale, and other homes selling …

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Home sales drop 2.7 percent (09/25/2009)

September 26, 2009

… 30. Congress is facing intense pressure from real estate agents and home builders to extend it, … a week earlier. Foreclosures and other financially distressed sellers accounted for about 30 percent of …

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China fund to invest $1 billion in LA firm: report

September 26, 2009

Capital Management LP, according to a media report Saturday. Oaktree is expected to invest CIC’s money in distressed debt and other fixed-income assets, The Wall Street Journal reported in its online edition, citing unnamed sources. The firm, which

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Home sales drop 2.7 percent (Yesterday)

September 25, 2009

… 30. Congress is facing intense pressure from real estate agents and home builders to extend it, … a week earlier. Foreclosures and other financially distressed sellers accounted for about 30 percent of …

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Surprise Home sales fall

September 25, 2009

… week of October,” he said. In Washington, real estate agents and home builders are lobbying hard … a week earlier. Foreclosures and other financially distressed sellers accounted for about 30 percent of …

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Doctor Shrugged, Addiction, Careful What You Wish For

September 20, 2009

… number two. The Treasury Department has adopted rules that make it easier to restructure distressed commercial real-estate loans by, among other things, easing requirements for collateral and other guarantees. The rules …

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Housing: Short sales spread across real estate market, leaving frustration in their wake: Offers may roll in, but banks often slow to respond,…

September 20, 2009

… and people, whether they are homeowners or real estate agents, just roll their eyes. The practice, … care of it. However, with so many distressed properties for sale, and other homes selling …

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Jones Lang LaSalle starts online auction joint venture – Chicago …

September 16, 2009

Jones Lang LaSalle and other real estate firms see the potential for a growing market for distressed commercial real estate as the number of commercial property defaults continues to climb and are hoping the online auction approach will …

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Jones Lang LaSalle starts online auction joint venture – Chicago …

September 16, 2009

Jones Lang LaSalle and other real estate firms see the potential for a growing market for distressed commercial real estate as the number of commercial property defaults continues to climb and are hoping the online auction approach will …

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Should individuals follow the smart money?

September 13, 2009

those areas. The alternative asset category comprises a broad swath of nontraditional investments, such as currencies and futures; real assets like farmland and commercial real estate; precious metals and other commodities and private equity. Access to

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Should individuals follow the smart money?

September 13, 2009

those areas. The alternative asset category comprises a broad swath of nontraditional investments, such as currencies and futures; real assets like farmland and commercial real estate; precious metals and other commodities and private equity. Access to

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Foreclosures powering Western home sales

August 22, 2009

… in the metropolitan statistical area by all real estate agents, regardless of company affiliation. Phoenix, Las … next year. Sales of foreclosures and other distressed properties made up about a third of …

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"Bizmore": Michael Milken Launches New Business Advice Site

July 29, 2009

As Forbes, Fortune, Business Week and other management magazines wither away, another business media start-up with an unusual pedigree is moving to fill the void.

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CalPERS to review placement agent policy

May 6, 2009

Managers running assets for CalPERS would be required to disclose compensation given to their employees who solicit business from the pension fund, as well as any compensation given to placement agents and other third parties, according to a… See the original post here: CalPERS to review placement agent policy

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