Inflation is the one foe that is sought to be contained by economic regulators. Officially delegated to a Federal Reserve, inflation targeting is the bane of every Chairman’s existence. Academics have been known to be divided in their views pertaining to the functions of a Central Bank. Some adhere to the opinion that a Central [...]
Corporate lay-offs have plagued the United States ever since the onset of bad debts that reared their heads in late 2007, and Silicon Valley has of course been no exception. A poignant reminder of the sheer carnage inflicted upon the distressed commercial property market is found in the recent acquisition of the Sherman Clay Building [...]
Omni Hotel – Bloomfield, Colorado | May 11 – May 15
Bastions of the banking industry such as Wells Fargo, apart from enduring the financial and credit crisis that plagued so many banks, have managed to use the fiscal cleansing of recent years to expand their operations. Initially committed to the West Coast alone Wells Fargo took the opportunity to acquire Wachovia Bank that has a [...]
Arising out of the gloomy situation in the country, where default by mortgage borrowers are rampant, there is heavier impact in the real estate market, more in respect of commercial properties rather than residential. Consequently, the percentage of defaults in commercial real estate loans – the basis behind Commercial Mortgage Based Securities (CMBS) – is [...]
Business has nothing to do with benevolence or even social responsibilities like caring for the elderly citizens. This is what comes to mind while finding that the foreclosure fiasco overwhelming the US country has not spared some elder-care homes and evicting the residents mercilessly – for no fault of theirs but the default of the [...]
Gaylord National Resort & Convention Center – National Harbor, Maryland | May 05 – May 07
Hotel Del Coronado – Coronado, California | May 02 – May 05
Hyatt Regency – Chicago, Illinois | Apr 25 – Apr 28
Recessions are rarely predictable in shape, but there is no mandate that it be V-shaped. Therefore, the current economic climate plentiful with distressed property, commercial short sales and foreclosures, needs to be carefully nurtured to sponsor confidence in the broader economy. It is this reality that would prevent the immediate enactment of statutory regulation curtailing [...]
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