Toyota Kills US-Built Prius | Hybrid Cars
A auto-manufacturing plant is a huge coup for a southern state. It brings jobs, jobs, jobs both directly and in support industries and generally means long-term prosperity to a region.
A Toyota plant is even a bigger win because the product is so highly regarded and enjoys so much brand loyalty. But in this market, nothing is safe. Even with the plant nearing completion, Toyota has decided to put it all on hold.
Mississippi's Prius Plant was put on hold indefinitely. Ouch
Tuesday, December 16, 2008
Thursday, December 11, 2008
BAC Swings Ax Again
BBC NEWS | Business | Bank of America cuts 30,000 jobs
In another sign of the times... BAC cuts 30,000 jobs.
According to Jack Welch a corporation should cut the bottom 10% of the force periodically. This is about 11% of BACs worldwide force.
It will be interesting to see if this stock can recover at a faster or slower pace than the market.
In another sign of the times... BAC cuts 30,000 jobs.
According to Jack Welch a corporation should cut the bottom 10% of the force periodically. This is about 11% of BACs worldwide force.
It will be interesting to see if this stock can recover at a faster or slower pace than the market.
Thursday, December 04, 2008
"Most Admired" 1031 Exchange Accomodator Goes Under
Another Blow to Faltering 1031 Real Estate Industry - CoStar Group
Further evidence of how "low and no" regulation is rocking the US economy. The 1031 Exchange is widely used as a way to defer taxes on the sale of property. Typically the exhanger sells property and has 45 days to identify a replacement property and 180 days to close on that new property without suffering any tax consequence. The money from the sale of the first property must be held in escrow by an exchange accomodator for the 1031 exchange to be legal. Surprisingly there are NO LICENSING REQUIREMENTS TO BE an exchange accomodator. Your barber is subject to more oversight!
Now many folks risk not only losing there tax deferred treatment but losing the funds from the sales as well.
Wake up America!
exerpted:
LandAmerica Financial Group Inc., Fortune magazine’s number one Most Admired Company in the mortgage services industry in 2007, shut down operations....
Further evidence of how "low and no" regulation is rocking the US economy. The 1031 Exchange is widely used as a way to defer taxes on the sale of property. Typically the exhanger sells property and has 45 days to identify a replacement property and 180 days to close on that new property without suffering any tax consequence. The money from the sale of the first property must be held in escrow by an exchange accomodator for the 1031 exchange to be legal. Surprisingly there are NO LICENSING REQUIREMENTS TO BE an exchange accomodator. Your barber is subject to more oversight!
Now many folks risk not only losing there tax deferred treatment but losing the funds from the sales as well.
Wake up America!
exerpted:
LandAmerica Financial Group Inc., Fortune magazine’s number one Most Admired Company in the mortgage services industry in 2007, shut down operations....
DRA Sells Raleigh Multifamily for $17M - CoStar Group
DRA Sells Raleigh Multifamily for $17M - CoStar Group
exerpted:
DRA Advisors sold the Midtown Crossing apartment complex at 317 Lynn Road in Raleigh, NC, to Eliason 1031 Properties Corp. for $17.75 million, or about $78,000 per unit.
The 120,000-square-foot complex is comprised of 12 buildings and 228 units. It includes a fitness center, swimming pool, business center and car-care facility.
Blake Oakland and Dean Smith of Apartment Realty Advisors represented the seller, while the buyer was self-represented.
exerpted:
DRA Advisors sold the Midtown Crossing apartment complex at 317 Lynn Road in Raleigh, NC, to Eliason 1031 Properties Corp. for $17.75 million, or about $78,000 per unit.
The 120,000-square-foot complex is comprised of 12 buildings and 228 units. It includes a fitness center, swimming pool, business center and car-care facility.
Blake Oakland and Dean Smith of Apartment Realty Advisors represented the seller, while the buyer was self-represented.
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