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?”
Tag Archives: Money
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.
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”
Oregonians Vote to Raise Taxes on Rich, Corporations
Too bad it can’t happen here. Oregon voters bucked decades of anti-tax and anti-Salem sentiment Tuesday, raising taxes on corporations and the wealthy to prevent further erosion of public schools and other state services. The tax measures passed easily, with late returns showing a 54 percent to 46 percent ratio. Measure 66 raises taxes onContinue reading “Oregonians Vote to Raise Taxes on Rich, Corporations”
QuantumTom 