by Dan Polimino | Nov 7, 2008 | Luxury Market
Speaking to a mortgage-finance symposium in Berkeley, Calif., by videoconference Friday, Federal Reserve Chairman Ben Bernanke described a plan for managing the mortgage-securitization crisis. He suggested creating a government bond insurer for mortgage funding....
by Dan Polimino | Nov 5, 2008 | Luxury Market
Richard Davis, broker-owner of Trademark Properties Real Estate Inc., goes to court today in his home city of Charleston, S.C., where he is fighting A&E Television Networks. His suit claims A&E owes him as much as $30 million for creating the popular show,...
by Dan Polimino | Oct 31, 2008 | Luxury Market
Pilots and their planes now call more than 600 fly-in communities across the country home, says Dave Sclair, retired publisher of General Aviation News. “It’s a very popular trend,” he says. John Travolta keep his Boeing 707 parked at his estate in...
by Dan Polimino | Oct 30, 2008 | Luxury Market
Municipalities with high rates of foreclosure are struggling to figure out how to deal with falling tax revenues. For instance, Stockton, Calif., draws 43 percent of its revenues from property and sales taxes. Home prices in the community have been cut in half since...
by Dan Polimino | Oct 20, 2008 | Luxury Market
The nightly news is depressing to watch these days. With any more bad economic news one would feel like jumping a boat to Bora Bora. It’s clear we’ll need some time to recover, but the more important question everyone wants to know is where are we...
by Dan Polimino | Oct 14, 2008 | Luxury Market
U.S. Treasury Secretary Henry Paulson reportedly is fast-tracking a plan to guarantee debt issued by banks after a similar move was made by European policy makers over the weekend. Such a step would be part of a three-pronged strategy to free up credit markets that...
