Archive for May, 2009
Friday, May 29th, 2009
McClatchy Aims To Have The Last Newspapers StandingForbes, NYbased McClatchy, which owns the Sacramento Bee, Fort Worth-Star Telegram and the Charlotte Observer, is being crushed under $2 billion in debt–double that of The New York Times Co. ( NYT - news - people ) Severe cuts in real estate and auto …
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Friday, May 29th, 2009
Preying on the elderlySacramento Business Journal, CAThe alleged scam began with “seminars” peddling investments in construction and real estate projects across California. After the projects lost money, the men used investors' money to buy assisted-living centers — including one in Roseville — and flip …
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Thursday, May 28th, 2009
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Thursday, May 28th, 2009
Madoff victims ask California lawmakers for tax reliefLos Angeles Times, CAInstead, he went to work and spent decades in the commercial real estate industry. Overnight, he watched a lifetime of savings disappear in the wreckage of Bernard L. Madoff's Ponzi scheme. "It was sickening to see your life's work disappear in a …
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Thursday, May 28th, 2009
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Thursday, May 28th, 2009
SWP candidates oppose California budget cutsThe Militant, NYIn short, the interests of the billionaire bankers, real estate developers, and industrialists are always ahead of the interests of the working class. If working people lose our jobs, our homes, our schools and health care, well, that's just tough luck …
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Thursday, May 28th, 2009
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Thursday, May 28th, 2009
Voters' angst fuels look at constitutional conventionCapitol Weekly, CAIn the background lurk severe job loss, a painful real estate market, an interminable recession, a disengaged electorate and uncertainty for the future. “At the end of the day, voters would rather see wholesale, well-thought-out constitutional reform,” …
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Thursday, May 28th, 2009
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Thursday, May 28th, 2009
Signs of life return to California marketFinancial Times, UK“The real estate market here grew after other markets in California had already gone up,” says Thomas Manzano, owner of Bedrock Realty, a Lancaster-based real estate agency. “But when the bubble burst, prices fell further and faster here than elsewhere …
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