In Downtown Los Angeles, at least eight residential projects and one hotel have fallen into bankruptcy. Some of those projects, along with others in the area, have also faced foreclosure — an equally complex process with just as many possible endings. via Los Angeles Downtown News and Information – LA Downtown News Online > NewsContinue reading “What Happens When Banks Foreclose on Commercial Properties?”
Author Archives: Quantum Tom
The Growing Underclass: Jobs Gone Forever – Economix Blog – NYTimes.com
As a recent Congressional Budget Office report put it, “Recessions often accelerate the demise or shrinkage of less efficient and less profitable firms, especially those in declining industries and sectors.” via The Growing Underclass: Jobs Gone Forever – Economix Blog – NYTimes.com.
Remote tribe discovered worshipping iPad
Anthropologists claim to have contacted a remote Papua New Guinea tribe which worships a crude effigy of an Apple iPad crafted from the bark of a sacred tree. via Remote tribe discovered worshipping iPad • The Register.
Michael Geist – ACTA Guide, Part Five: Speaking Out
The 7th round of ACTA negotiations will conclude around lunch time today in Mexico. If past meetings are any indication, a few hours later the participating countries will issue a bland statement thanking the host Mexican government, discussing the progress on civil enforcement, border measures, and the Internet as well as noting the transparency discussionsContinue reading “Michael Geist – ACTA Guide, Part Five: Speaking Out”
Sometimes Rufus wished that people would take a bath with their clothes ON.
via Sometimes Rufus wished – Lolcats ‘n’ Funny Pictures of Cats – I Can Has Cheezburger?.
