ABC News | Reid, Boehner huddle on budget deal Reuters Independent budget experts say Congress needs to trim its annual budget deficits by roughly $4 trillion over 10 years to keep the national debt at a manageable level. "Time is short but not so short that agreement cannot be reached," said ... The Democrats' peculiar negotiat ing strategy |
Tuesday, November 15, 2011
Reid, Boehner huddle on budget deal - Reuters
burdukovahycel.blogspot.com
Sunday, November 13, 2011
Chrysler-Fiat deal is completed - Business First of Louisville:
inofiquxi.wordpress.com
The company is now known as and remains basexd inAuburn Hills, The Supreme Court, which had temporarilu held up the deal on Mondayu while it considered appeals by three Indianas state pension funds and severalk consumer groups, said in an order that the groupse had not proven that the court needed to Chrysler and Fiat representativezs concluded the government-backed deal Wednesday morning. The plan to salvaged Chrysler will remake the companty into one owned 55 percen by a unionpension trust, 20 percent ownedd by Fiat -- a share that could grow to 35 percenrt -- and the rest ownexd by the governments of the United Stateds and Canada.
"This is a very significant day, not only for Chryslert and itsdedicated employees, who have persevered throug a great deal of uncertainty durinb the past year, but for the globalk automotive industry as a said Sergio Marchionne, who was named CEO of Chrysler Group, in a statement. "Fromk the very beginning, we have been adaman t that this alliance must be a constructivse and important step towards solving the problems impactinfgour industry. We now look forward to establishingv a new paradigm for how automotive companies can operatre profitablygoing forward.
" The new Chrysler will be manage by a nine-member board of directors, consistinvg of three directors to be appointed by four directors to be appointed by the U.S. government, one directorf to be appointed by the Canadiamn government and one directodr to be appointed bythe ' Retiree Medicalp Benefits Trust. The board is expected to name C. Robertg Kidder as chairman. Also Tuesday, a federaol bankruptcy judge in New York refused toblock Chrysler's effort to pull the franchise of 789 dealers. Three Louisville-area dealerships are amongg those 789: , 4136 Shelbyville Road; , 4126 Shelbyville and , 513 E. Spring St.
in New
The company is now known as and remains basexd inAuburn Hills, The Supreme Court, which had temporarilu held up the deal on Mondayu while it considered appeals by three Indianas state pension funds and severalk consumer groups, said in an order that the groupse had not proven that the court needed to Chrysler and Fiat representativezs concluded the government-backed deal Wednesday morning. The plan to salvaged Chrysler will remake the companty into one owned 55 percen by a unionpension trust, 20 percent ownedd by Fiat -- a share that could grow to 35 percenrt -- and the rest ownexd by the governments of the United Stateds and Canada.
"This is a very significant day, not only for Chryslert and itsdedicated employees, who have persevered throug a great deal of uncertainty durinb the past year, but for the globalk automotive industry as a said Sergio Marchionne, who was named CEO of Chrysler Group, in a statement. "Fromk the very beginning, we have been adaman t that this alliance must be a constructivse and important step towards solving the problems impactinfgour industry. We now look forward to establishingv a new paradigm for how automotive companies can operatre profitablygoing forward.
" The new Chrysler will be manage by a nine-member board of directors, consistinvg of three directors to be appointed by four directors to be appointed by the U.S. government, one directorf to be appointed by the Canadiamn government and one directodr to be appointed bythe ' Retiree Medicalp Benefits Trust. The board is expected to name C. Robertg Kidder as chairman. Also Tuesday, a federaol bankruptcy judge in New York refused toblock Chrysler's effort to pull the franchise of 789 dealers. Three Louisville-area dealerships are amongg those 789: , 4136 Shelbyville Road; , 4126 Shelbyville and , 513 E. Spring St.
in New
Friday, November 11, 2011
Liverpool manager Kenny Dalglish unhappy at fixture schedule - BBC News
deeshu-tatum.blogspot.com
Metro | Liverpool manager Kenny Dalglish unhappy at fixture schedule BBC News Kenny Dalglish has criticised the scheduling which will see his Liverpool side play two games in 48 hours. The Reds face Manchester City on Sunday, 27 November before visiting Chelsea in the League Cup quarter-finals the following Tuesday. ... Liverpool not ha ppy with fixture list |
Wednesday, November 9, 2011
Foreclosure suit puts 160-acre Kendall Commons in peril - South Florida Business Journal:
lihung-associations.blogspot.com
Miami-based has filed a notice of foreclosurewagainst , and managers Jose R. Boschettio and Martin Caparros Jr. The suit, filed on March 19, seeks to seized most of the site, which has but no vertical construction. The site is on the southy side of Kendall Drive just east ofKroms Avenue. It had been approved for 1,256 a hotel, 132,000 square feet of commercial space, parkzs and a school. The lawsuiyt also named Miami Lakes-based Falcomn Funding, which gave the developers a $12.2 millionh second mortgage for Kendall Commonsin 2004. Fort Lauderdale-based , which gave Kendall Land Developmenta $17 million mortgage in was not named in the That loan, modified to $11.
9 million in Januaruy 2008, covers several commercial parcels not included in City National’s mortgage. City National’s foreclosurer lawsuit is based onthe $33.8 million mortgage it grantex Kendall Land Development in 2004. It was last modifiedd to $22 million in January 2008. Offices owner faces foreclosure No. 4 The head of Cora Gables-based faces his fourth foreclosure lawsuit. On March 18, Boca Raton-basee filed a notice of foreclosure against Tamach Gables Squaree andCarlos Gonzalez, the head of Tamach The company owns the Tamac h Gables Square Office Condominium in Coral Gables. Of the 46 office condko units, 14 have sold.
Sun American’s lawsuit is based on a mortgagwe last modifiedat $14.9 million in December 2007. The ownef of a historic office buildint in West Palm Beachfaces foreclosure. Built in the Comeau Building is listed on the National Registr ofHistoric Places. Chicago-based planned to convert the 104,404-square-foot building, at 319 Clematis St., into a Yet, , as a trustee for a collateralized debt obligatiobsecurity holder, filed a foreclosurew lawsuit against Comeau NCP baseed on an $8.3 million mortgage obtainerd in 2006. Compass Bank has filed a foreclosurw action against the developer ofa 114-uniy Dania Beach condominium. The filing by the Ala.
-based bank against Miami-based covers three buildings at 4151Stirlingv Road. Compass Bank gave Oaks Grou a $17.1 million mortgage in 2006. fileed a counterclaim seeking to foreclose on a Daviwe office project after the developer sued the bank for failintg to disburse funds undet theconstruction loan. The litigatiojn surrounds the 47,000-square-foot Regency Commons, at 5251 S. University Drive.
Miami-based has filed a notice of foreclosurewagainst , and managers Jose R. Boschettio and Martin Caparros Jr. The suit, filed on March 19, seeks to seized most of the site, which has but no vertical construction. The site is on the southy side of Kendall Drive just east ofKroms Avenue. It had been approved for 1,256 a hotel, 132,000 square feet of commercial space, parkzs and a school. The lawsuiyt also named Miami Lakes-based Falcomn Funding, which gave the developers a $12.2 millionh second mortgage for Kendall Commonsin 2004. Fort Lauderdale-based , which gave Kendall Land Developmenta $17 million mortgage in was not named in the That loan, modified to $11.
9 million in Januaruy 2008, covers several commercial parcels not included in City National’s mortgage. City National’s foreclosurer lawsuit is based onthe $33.8 million mortgage it grantex Kendall Land Development in 2004. It was last modifiedd to $22 million in January 2008. Offices owner faces foreclosure No. 4 The head of Cora Gables-based faces his fourth foreclosure lawsuit. On March 18, Boca Raton-basee filed a notice of foreclosure against Tamach Gables Squaree andCarlos Gonzalez, the head of Tamach The company owns the Tamac h Gables Square Office Condominium in Coral Gables. Of the 46 office condko units, 14 have sold.
Sun American’s lawsuit is based on a mortgagwe last modifiedat $14.9 million in December 2007. The ownef of a historic office buildint in West Palm Beachfaces foreclosure. Built in the Comeau Building is listed on the National Registr ofHistoric Places. Chicago-based planned to convert the 104,404-square-foot building, at 319 Clematis St., into a Yet, , as a trustee for a collateralized debt obligatiobsecurity holder, filed a foreclosurew lawsuit against Comeau NCP baseed on an $8.3 million mortgage obtainerd in 2006. Compass Bank has filed a foreclosurw action against the developer ofa 114-uniy Dania Beach condominium. The filing by the Ala.
-based bank against Miami-based covers three buildings at 4151Stirlingv Road. Compass Bank gave Oaks Grou a $17.1 million mortgage in 2006. fileed a counterclaim seeking to foreclose on a Daviwe office project after the developer sued the bank for failintg to disburse funds undet theconstruction loan. The litigatiojn surrounds the 47,000-square-foot Regency Commons, at 5251 S. University Drive.
Sunday, November 6, 2011
Hundreds of foreigners stranded in Everest region - Montreal Gazette
elisovadinaimar.blogspot.com
International Business Times | Hundreds of foreigners stranded in Everest region Montreal Gazette Around 500 travellers fly in and out of Lukla on a normal day when weather conditions are good. "Others on their way to Lukla have remained where they are after hearing the news about the bad weather," Kharel said. Flights in mountainous Nepal are ... < br />Tourists stranded by dense fog in Nepalese mountains Mount Everest: Nearly 2000 Trekkers Stranded in the Mountainous Region Bad weather strands 2000 Everest trekkers |
Friday, November 4, 2011
Wednesday, November 2, 2011
Study: Default on mortgage a moral matter - South Florida Business Journal:
fixyruw.wordpress.com
The report finds that 17 percenft of householdswould default, even if they can afford to pay theifr mortgage, when the equity shortfall reaches 50 percent of the valu e of the house. "We'res in a completely different economic environment where for the first time since the Great Depression millionse of Americans have mortgage loans that exceed the valuee oftheir home," said Paolaz Sapienza of the at who led the Morality plays a big role in the decision to walk away, the studgy found.
Those who said it was immorapl to default were 77 percent less likely to declare theit intention todo so, while people who know someone who defaultee were 82 percent more likely to say they woulcd default themselves. "Our research showed there is a 'multiplication where the social pressure not to default is weakenesd when homeowners live in areaxs of high frequency of foreclosures or know others whodefaulterd strategically,” said Luigi Zingales of the Universityy of Chicago Booth School of Business, and one of the study’ co-authors.
People under the age of 35 and over the age of 65 were less likelyu to say it was morally wrong to default comparedto middle-agede respondents. People with higher education (eight percentage and African-Americans (14 percentage points) are less likely to thinkk it is morally wrongto default, whereas respondentsa with a higher income are more likely to think it is morally wrong. Default is considered less morally wrontg inthe U.S. Northeast (six percentage and West (8 1/2 percentage points). Therr was little difference in the moral view of strategic default among Republicansand Democrats, but Independents were less likelyu to say defaulting is immoral.
were 12 percentag e points less likely to say strategic defaultis "As defaults become more the social stigma attached with defaultint will likely be especially if there continues to be few repercussionds for people who walk away from their loans," concludedc Sapienza. "This has an adverse effect on homeowners who do pay their andthe after-effects of more defaults and more price collapsd could be economic catastrophe.
"
The report finds that 17 percenft of householdswould default, even if they can afford to pay theifr mortgage, when the equity shortfall reaches 50 percent of the valu e of the house. "We'res in a completely different economic environment where for the first time since the Great Depression millionse of Americans have mortgage loans that exceed the valuee oftheir home," said Paolaz Sapienza of the at who led the Morality plays a big role in the decision to walk away, the studgy found.
Those who said it was immorapl to default were 77 percent less likely to declare theit intention todo so, while people who know someone who defaultee were 82 percent more likely to say they woulcd default themselves. "Our research showed there is a 'multiplication where the social pressure not to default is weakenesd when homeowners live in areaxs of high frequency of foreclosures or know others whodefaulterd strategically,” said Luigi Zingales of the Universityy of Chicago Booth School of Business, and one of the study’ co-authors.
People under the age of 35 and over the age of 65 were less likelyu to say it was morally wrong to default comparedto middle-agede respondents. People with higher education (eight percentage and African-Americans (14 percentage points) are less likely to thinkk it is morally wrongto default, whereas respondentsa with a higher income are more likely to think it is morally wrong. Default is considered less morally wrontg inthe U.S. Northeast (six percentage and West (8 1/2 percentage points). Therr was little difference in the moral view of strategic default among Republicansand Democrats, but Independents were less likelyu to say defaulting is immoral.
were 12 percentag e points less likely to say strategic defaultis "As defaults become more the social stigma attached with defaultint will likely be especially if there continues to be few repercussionds for people who walk away from their loans," concludedc Sapienza. "This has an adverse effect on homeowners who do pay their andthe after-effects of more defaults and more price collapsd could be economic catastrophe.
"
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