Reverse mortgages may be next crisis Oct 7, 2009
It s a scary mix because you have a financial instrument that s complicated, combined with aggressive marketing to the most vulnerable in our society, said Senator Claire McCaskill, a Missouri Democrat. Reverse mortgages can be appropriate for some seniors, yet transparency and consumer protections are needed, said Senator Herb Kohl, a Wisconsin Democrat, and chairman of the Senate Special Committee on Aging. (Boston Globe)
The Bailout That's Failing Sep 26, 2009
Maybe I'm simpleminded, but it seems to me that housing prices won't stabilize until an average person/family making an average income can buy an average house without having to use an exotic financial instrument that is ultimately unsustainable. There are a LOT of foreclosures that still have to work their way through the system, and as long as the mortgage holders (whoever the hell they are, it's not the people who made the loans in the first place, which is the whole problem) have no... (Slate)
Police report, Sept. 11-16 Sep 24, 2009
12:26 p.m. - Forgery financial instrument in the 1000 block of Valley Ridge Boulevard ... 5:05 p.m. - Forgery financial instrument in the 900 block of W. Main Street. (McKinney Courier-Gazette, TX)
Small change: Does ‘microlending’ actually fight poverty? Sep 20, 2009
If you give people access to a financial instrument, it s like any other instrument. It s useful, but it s not like the miracle drug to end poverty. (Boston Globe)
OPEC leaves crude output targets unchanged Thursday(update 2) Sep 10, 2009
OPEC members continued to rail against such speculation, with Kuwaiti Oil Minister Sheik Ahmed Al Abdullah Al Sabah telling reporters at the start of the meeting that oil was now more a financial instrument than a commodity ... OPEC members continued to rail against such speculation, with Kuwaiti Oil Minister Sheik Ahmed Al Abdullah Al Sabah telling reporters at the start of the meeting that oil was now more a financial instrument than a commodity. (The Star Online, Malaysia)
No OPEC cuts Sep 10, 2009
OPEC members continued to rail against such speculation, with Kuwaiti Oil Minister Sheik Ahmed Al Abdullah Al Sabah telling reporters at the start of the meeting that oil was now more a financial instrument than a commodity. The groups president, Angolan Oil Minister Jose Botelho de Vasoncelos, said while members were satisfied with current prices levels, rampant speculation is still buffetting crude markets. (MSNBC -- Business)
Africa: Continent's Farmers to Help Over Climate Change? Sep 7, 2009
"Carbon is sold for 25 cents a metric tonne on the Chicago Climate Exchange in quantities of one Carbon Financial Instrument (CFI), or 100 metric tonnes," says Samek. "Carbon sequestration on one hectare is perhaps 10 metric tonnes a year, so if ten farmers work together to offer one CFI each year to the markets, after 15 years they each get $375. "The big risk involved for buyers of carbon in treed landscapes though is that of permanence," he warns. Although scientists are relatively sure about... (allAfrica.com)
NSE kicks off trading in interest rate futures Sep 1, 2009
The exchange traded financial instrument will give banks and corporates an avenue to hedge their interest rate risks. IRFs are contracts traded on the bourses with an agreement to buy or sell an underlying instrument with the date and the price pre-specified. (India Times, India -- Intl Business)
Washington County Sheriff’s Department Sep 1, 2009
Forgery of a financial instrument State jail felony. Possession or transport of chemicals to manufacture a controlled substance (two counts) Second-degree felony. (Brenham Banner, TX)
Microfinance Still Hums, Despite Global Financial Crisis Aug 30, 2009
TIME: What prompted the development of a financial instrument like micro-insurance, and what's the broader impact of new financial instruments aimed at the world's unbanked. Iskenderian: Product diversification came out of a recognition that lending alone is not the solution if our end goal is long-term poverty alleviation, which is why we in the industry no longer talk about microcredit, but microfinance. (Time.com)
DirecPay joins hands with PayMate Aug 28, 2009
PayMate's hybrid SMS ased solution lets the user link his mobile phone to any financial instrument of his choice like bank accounts, credit cards or pre-paid mobile vouchers (GiftMate). At the time of PayMate registration or buying a GiftMate voucher, customers can choose a secure 4-digit PIN to authorize all future transactions. (India Times, India -- Intl Business)
For the record Aug 27, 2009
Latroya D. Henderson, 23, from Marlin, pled guilty to forgery of a financial instrument and was placed on 3 years deferred probation, assessed a fine of 1,000. 00, ordered to perform 120 hours of community service and pay restitution to her victim. (Marlin Democrat, TX)
Ex-Stanford adviser says warned SEC about bad CDs Aug 18, 2009
Denver-based Community Bank Funding Company and New York-based Innovest Systems today announced a strategic alliance to bring a higher-yielding, fixed income financial instrument with improved efficiencies and cost savings to Innovest's customers in the independent and bank trust provider market. The combined marketing effort allows Innovest Systems, a financial technology firm specializing in trust accounting and wealth management solutions, to offer Community Bank Funding Company's eCD(TM)... (Fresno Bee -- Business)
Tethys Petroleum Limited: Second Quarter 2009 Financial Results Aug 15, 2009
Tethys Petroleum Limited Interim Consolidated Statement of Financial Position (Unaudited) As at June 30, 2009 and December 31, 2008 ---------------------------------------------------------------------------- (in thousands of US dollars) June 30, December 31, January 1, 2009 2008 2008 $ $ (see note 23) $ Assets Non-current assets Intangible assets 23,837 11,688 7,335 Property, plant and equipment 75,043 69,839 38,327 Investments 606 587 318 Other receivables 4,284 6,357 5,814... (CCNMatthews Press Releases)
TOP Ships Reports Second Quarter and First Half 2009 Financial Results Aug 11, 2009
TOP SHIPS INC. CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) (Expressed in thousands of U.S. Dollars - except for share and per share data) Three Months Ended Six Months Ended June 30, June 30, --------- --------- 2008 2009 2008 2009 ---- ---- ---- ---- (Unaudited) (Unaudited) (Unaudited) (Unaudited) REVENUES: Revenues $76,687 $28,636 $149,324 $58,429 EXPENSES: Voyage expenses 13,293 1,435 23,617 2,585 Charter hire expense 15,854 5,019 33,842 10,806 Amortization of deferred gain on... (PR Newswire)
Full Story » Aug 10, 2009
Superior Funding Solutions Rolls Out New Site With Expanded Financial Instrument Leasing Services - Yahoo ... Superior Funding Solutions Rolls Out New Site With Expanded Financial Instrument Leasing Services ... Financial instrument leasing specialists Superior Funding Solutions, debuted a revamped site equipped with a comprehensive suite of financial products and services. (Yahoo News -- Press Releases)
Superior Funding Solutions Rolls Out New Site With Expanded Financial Instrument Leasing Services Aug 10, 2009
Financial instrument leasing specialists Superior Funding Solutions, debuted a revamped site equipped with a comprehensive suite of financial products and services ... Superior Funding Solutions, industry pioneers in creative financial solutions for international project investment and development, launched a revamped Web site on Monday, Aug. 3, highlighting widespread expansion into a full suite of financial instrument leasing products and services ... Among the variety of financial instrument... (Yahoo News -- Press Releases)
Firm Capital Mortgage Investment Trust Announces Strong Second Quarter Results Aug 7, 2009
(h) Financial instruments - recognition and measurement. CICA Section 3855, "Financial Instruments - Recognition and Measurement", establishes standards for recognizing and measuring financial assets and financial liabilities including non-financial derivatives ... (i) Capital disclosures and financial instrument disclosure and presentation. (CCNMatthews Press Releases)
Paramount Energy Trust Releases Second Quarter 2009 Financial and Operating Results and Confirms August Distribution Aug 7, 2009
7 million in crystallized gains on financial instruments related to the early termination of PET's AECO- based financial fixed price natural gas contracts for June through October 2009 ... The increase is a result of realized gains on financial instruments totaling $75 ... 2 million in proceeds from the crystallization of financial instruments related to periods after June 30, 2009, the Trust's payout ratio was 32. (PR Newswire)
For starters, Baker jabs at Patrick Jul 30, 2009
But Baker s background in finance, which can make him seem wonkish, was also on full display as he spoke of the state s unfunded pension liability and a financial instrument known as a swaption. He mentioned the state s structural deficit at least four times during the first 2 1/2 minutes of the press conference. (Boston Globe)
Gold shines as dollar's days as lynchpin currency wane Jul 28, 2009
What is driving people to invest in a financial instrument that economist John Maynard Keynes famously described as a barbarous relic. Underlying the shift of sentiment towards gold is concern about governments generally abandoning fiscal and monetary discipline in an attempt to stabilise global economic conditions, and worries about the dollar as the world's reserve currency. (Business Report, South Africa)
Canfor Pulp Income Fund Announces Second Quarter 2009 Results Jul 25, 2009
9 million in the first quarter of 2009 with the improvement mainly the result of a foreign exchange gain on translation of US dollar denominated long-term debt, and a reduction in losses on settlement and revaluation to market of derivative financial instruments ... 7 Loss (gain) on derivative financial instruments (0 ... 3 million on derivative financial instruments recorded in the second quarter of 2009 relates to the settlement of maturing contracts during the quarter and the revaluation to... (CCNMatthews Press Releases)
Industrias Bachoco Announces Second Quarter 2009 Results Jul 24, 2009
"Our operating margin improved and good results in the quarter were boosted by the good operating environment, a more stable Mexican peso, and the strategies implemented by the Company, such as productivity improvements, optimizing sales mix and control of our expense. "Furthermore, our comprehensive financial result also improved also during this quarter as a result of the restructuring of our derivatives portfolio and the maturity of most of the instruments we had in place," concluded Mr.... (PR Newswire)
Citigroup seizes resort where AIG held retreat Jul 21, 2009
The Pennsylvania Securities Commission (PSC) today ordered Citigroup Global Markets Inc., to repurchase so-called auction rate securities (ARS) totaling in the hundreds of millions of dollars from an estimated 1,000 or more Keystone State investors in the wake of the collapse of the market for this specific financial instrument in early 2008. The final order approved by the commission also requires Citigroup to pay a $2. (Fresno Bee -- Business)
Click to read:Fla. Murder Suspect's Criminal Past Jul 17, 2009
A bond is something you pay a bail with, its a financial instrument. And whats a "murder robbery-attack" exactly. (CBS News)
Geithner urges derivatives curbs Jul 11, 2009
Derivatives are the complex financial instruments that brought down some of Wall Street's biggest names ... The $450 trillion (278 trillion) privately-traded global derivatives market includes the notorious credit default swaps, the financial instrument which devastated AIG. ... " Mr Geithner said the US had not had an adequate set of tools to contain the risk of broader damage to the economy and to manage the failure of large, complex financial institutions. "Risk management practices at... (BBC News -- Business)
SEC, CFTC to Police OTC Derivatives: Document Jul 10, 2009
The $450 trillion privately-traded global derivatives market includes credit default swaps, the financial instrument which nearly toppled insurer American International Group. Later on Friday, Geithner is due to testify before two key Congressional committees on the government's plan to regulate derivatives. (ABC News -- Wire)
Police report, June 30-July 6 Jul 9, 2009
5:35 p.m. - Forgery of financial instrument in the 900 block of W. McDermott Drive. 7:22 p.m. - Driving while intoxicated in the 900 block of W. McDermott Drive. (McKinney Courier-Gazette, TX)
Falls County Grand Jury returns 16 indictments Jul 9, 2009
Enrique Bautista, forgery of a financial instrument, state jail felony. Marquita Cosy, forgery of a financial instrument, state jail felony ... Latroya Henderson, forgery of a financial instrument, state jail felony. (Marlin Democrat, TX)
Hedge-Fund Industry 2.0 Is Already Taking Shape: Matthew Lynn Jul 8, 2009
From emerging markets, to new industries, to new kinds of financial instrument, there will be plenty of people demanding funds. As the traditional investment banks pull back, that leaves a space in the market that hedge funds can occupy. (Bloomberg -- Columnists)
Saxo Bank Launches FX Service to Japanese Investors Following Acquisition of Astmax FX Co., Ltd. Jul 1, 2009
The acquisition and renaming of Astmax FX to Saxo Bank FX K.K. allows Saxo Bank to offer FX related products to the Japanese retail market under the Type 1 Financial Instrument Dealer license with the Japanese Financial Services Agency. Saxo Bank FX's client funds will be held in a separate trust bank account. (PR Newswire)
RBI warms up credit default swaps Jun 30, 2009
Put simply, a CDS is a bilateral contract, wherein a buyer makes a payment to a seller in exchange for a payoff if an underlying financial instrument has exposure to defaults. For instance, by buying a CDS, a bank could protect itself against losses on a security such as a bond, if the bond issuer defaults on a coupon payment. (India Times)
MOSAID Reports Results for Fourth Quarter and Year-End Fiscal 2009 and Dividend Jun 26, 2009
Financial Instruments - Disclosures and Presentation. Section 3862, Financial Instruments - Disclosures, and Section 3863, Financial Instruments - Presentation replace section 3861, Financial Instruments - Disclosure and Presentation ... These sections require the disclosure of information with regards to the significance of financial instruments for the Company's financial position and performance and the nature and extent of risks arising from financial instruments to which the Company is... (CCNMatthews Press Releases)
Police report, June 1-8 Jun 16, 2009
11:28 a.m. - Forgery of financial instrument reported in the 600 block of Keith Drive. 10:26 a.m. - Criminal mischief reported in the 100 block of N. Greenville Avenue. (McKinney Courier-Gazette, TX)
Its Finished, John Lanchester, The London Review of Books Jun 16, 2009
Legal tender is defined as any financial instrument which cannot be refused in settlement of a debt. Bank of England notes are legal tender in England and Wales, and Bank of England coins are legal tender throughout the UK, but no paper currency is. (Harper's Magazine)
Pine Cliff Energy Ltd. Announces First Quarter Results May 28, 2009
QUICK SEARCH BY ORGANIZATION. FREE SUBSCRIPTION SERVICES. (Canada Newswire)
BioFuel Reports First Quarter Results May 16, 2009
66 December 31, March 31, Summary Balance Sheet 2008 2009 -------- -------- Cash and equivalents $12,299 $7,806 Accounts receivable 16,669 17,639 Inventories 14,929 12,928 Prepaid expenses 2,153 1,326 Restricted cash - current 612 16 Other current assets 203 - Property, plant and equipment, net 305,350 300,164 Certificates of deposit 4,015 4,025 Debt issuance costs, net 7,917 7,556 Restricted cash - non-current 1,003 1,005 Other non-current assets 574 419 -------- -------- Total assets $365,724... (PR Newswire)
High River Gold Reports First Quarter 2009 Results May 16, 2009
01) ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- High River Gold Mines Ltd. Consolidated Statements of Cash Flows (Expressed in thousands of Canadian dollars) Three months ended March 31, (unaudited) 2009 2008 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Operating Activities Net... (CCNMatthews Press Releases)
Partners HealthCare trims losses in latest quarter May 15, 2009
It also includes interest rate swaps - a financial instrument meant to help it manage future interest expenses by hedging against fluctuation in the interest rates of the bonds it issues. Like other big investors, Partners, which provides roughly 22 percent of the medical care in Eastern Massachusetts, has been hurt by the broad downturn in the financial markets over the past six months. (Boston Globe)
Monterey Exploration Ltd. Announces Financial and Operating Results for the Three Months Ended March 31, 2009 May 15, 2009
27 Unrealized (gain) on financial instruments - 7 ... (1) Includes gain or loss on financial instruments from commodity price hedging activities ... Net debt, is described in the Corporation's management discussion and analysis, and is equal to total bank indebtedness plus capital lease obligations and less working capital (excluding financial instrument assets or liabilities). (CCNMatthews Press Releases)
Canadian Hydro Announces Results for the First Quarter Ended March 31, 2009 May 14, 2009
---------------------------------------------------------------------------- (in thousands of dollars) As at March 31 2009 ---------------------------------------------------------------------------- Capital expenditure plans through 2012 1,014,120 Spent to date (503,285) ---------------------------------------------------------------------------- Remaining capital expenditures to be financed 510,835 Financed/to be financed by: Blue River construction facilities 48,900 Wolfe Island construction... (CCNMatthews Press Releases)
Open Range Energy Corp. Announces First Quarter Results, Renews $54 Million in Bank Lines and Provides Operational Outlook May 13, 2009
92 38,228 - ---------------------------------------------------------------------------- $ 246,483 $ (3,872,073) ---------------------------------------------------------------------------- For more details on these contracts refer to note 7, Financial Instruments, in the interim financial statements for the three months ended March 31, 2009 ... For a complete listing refer to note 7, Financial Instruments, in the interim financial statements for the three months ended March 31, 2009 ...... (CCNMatthews Press Releases)
Crocotta Energy Inc.: Q1 2009 Financial and Operating Results May 11, 2009
FINANCIAL INSTRUMENTS AND RISK MANAGEMENT ... a) Fair value of financial instruments ... Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. (CCNMatthews Press Releases)
FMX Ventures Inc.: Financial Statements and MD&A for the 12 Months Ended December 31, 2008 May 9, 2009
Section 3862 - Financial Instruments - Disclosures and Section 3863 - Financial Instruments Presentation ... These new sections place increased emphasis on disclosures about the nature and extent of risks arising from financial instruments and how the Company manages those risks ... Financial Instruments. (CCNMatthews Press Releases)
FP Newspapers Income Fund Reports First Quarter 2009 Results May 6, 2009
Financial instrument risk management. Credit Risk. (CCNMatthews Press Releases)
One-time charges pull Garda to a loss May 1, 2009
- An unrealized non-cash loss on a derivative financial instrument of $16. 9-million; - A non-cash goodwill impairment charge of $55. (Globe and Mail -- Business)
Thunderbird Resorts Reports 2008 Fourth-Quarter, Full Year Results May 1, 2009
Fourth Quarter % Twelve months of % (In thousands) 2008 2007 change 2008 2007 change --------------------------------------------------------------------------- --------------------------------------------------------------------------- Property EBITDA 10,112 7,641 32% 47,488 28,962 64% --------------------------------------------------------------------------- --------------------------------------------------------------------------- Corporate Expenses 2,442 2,176 12% 12,349 6,199 99%... (CCNMatthews Press Releases)
Centerra Gold Reports First Quarter Results Apr 30, 2009
Fair Value of Financial Instruments. The Company has various financial instruments comprising of cash and cash equivalents, short-term investments, receivables, a Reclamation trust fund, accounts payable and accrued liabilities and short-term debt ... The carrying values of these financial instruments are as follows. (CCNMatthews Press Releases)
RHB Investment Bank in S. Koreas first sukuk issue Apr 30, 2009
Sukuk is an Islamic financial instrument that is similar to a bond. According to Bloomberg, Seoul-based GS Caltex plans to raise as much as RM1bil from bonds in US dollars and ringgit but the decision on whether it will be a sukuk or conventional bond issue is not yet decided. (The Star Online, Malaysia -- Business)
Be smart with what's left Apr 28, 2009
Ironically, having a credit facility can be the most valuable and powerful financial instrument available to us. However, the devil is always in the detail and debt can quickly turn from your trusted ally to feared enemy if treated with disregard and managed irresponsibly. (iAfrica.com)
Owning a home: Shelter, or burden? Apr 18, 2009
The disaster began with defaults on American subprime mortgages, a financial instrument designed to spread home ownership among the poor. It gathered pace after the failures of Fannie Mae and Freddie Mac, two government-sponsored enterprises that provide cheap home loans. (The Economist)
MADDOCKS: Wall Street executives balk at restrictions limiting the amount of money they can lose Apr 18, 2009
"We re just one irrational, unregulated financial instrument away from making all this toxic profit disappear. People need to get away from focusing on savings and start looking at the big picture, which is kind of shaped like a pyramid.". (Philip Maddocks can be reached at ). (Framingham TAB, MA)
'Mad Money' host blasts off on Jon Stewart Apr 10, 2009
The clips showed Cramer, a former hedge fund manager, discussing the advantages of short selling, which allows the seller of a financial instrument to profit from a decline in the value of the instrument. "Was it a fair fight? No, it wasn't even a fight. I came on with the idea of taking a high road approach and discussing the issues, obviously Stewart came on strictly to try to humiliate me," Cramer said. (Ohio State University -- The Lantern, OH)
Strong Canadian Results for COGECO Despite a Non-Cash Impairment in its European Cable Operations Intangible Assets Apr 9, 2009
9 million compared to the same periods in fiscal 2008 due to the rapid appreciation of the US dollar and the Euro over the Canadian dollar and the increase in the level of Indebtedness (defined as bank indebtedness, derivative financial instruments and long-term debt) ... 1 million in bank indebtedness, net of the repayment of US$150 million Senior Secured Notes Series A and the related derivative financial instrument of $56 ... The decrease in the deficiency is mainly attributable to the cable... (CCNMatthews Press Releases)
Vista Research Announces Availability of Proprietary Industry Data Through Exclusive Agreement with Futuresource Consulting Apr 8, 2009
These products and services are not deemed to be an endorsement by Vista Research or its affiliates or investment or financial advice or an offer or solicitation for the purchase or sale of any security or financial instrument. For additional information, please visit. (Yahoo! Wire -- Entertainment News)
Police report, March 24-30 Apr 2, 2009
Forgery of financial instrument reported at 1:48 p.m. in the 1300 block of W. McDermott Drive. Assault reported at 2:43 p.m. in the 1000 block of Comanche Drive. (McKinney Courier-Gazette, TX)
BioFuel Reports Fourth Quarter and Year End Results Mar 28, 2009
6500 BioFuel Energy Corp. (in thousands, except per share amounts) Three Months Ended Years Ended December 31, December 31, ---------------------- ---------------- Summary Income Statement 2007 2008 2007 2008 ------------------------ --------- --------- ------- -------- Net sales $- $89,026 $- $179,867 Cost of goods sold - 95,143 - 199,163 ------- ------- ------- -------- Gross loss - (6,117) - (19,296) General and administrative expenses: Compensation expense 1,368 1,503 5,379 8,063 Other 1,278... (Yahoo! Wire -- Entertainment News)
Crocotta Announces 2008 Financial and Operating Results Mar 26, 2009
Financial Instruments. Effective January 1, 2008, the Company adopted CICA Handbook Section 3862, Financial Instruments - Disclosures and Section 3863, Financial Instruments - Presentation, which replaced Section 3861, Financial Instruments - Disclosure and Presentation ... Section 3862 outlines the disclosure requirements for financial instruments and non-financial derivatives. (CCNMatthews Press Releases)
Angle Announces 2008 Fourth Quarter and Year-End Results Mar 23, 2009
The fluctuations in Angle's revenue and net earnings from quarter to quarter are primarily caused by increases in production volumes, realized commodity prices and the related impact on royalties, and realized and unrealized gains/losses on financial instruments ... Financial Instruments ... CICA Handbook Section 3862 "Financial Instruments - Disclosures" requires the Company to increase the disclosure on the nature, extent and risk arising from financial instruments and how the Company manages... (CCNMatthews Press Releases)
AIG Credit Swapper Under Investigation Mar 20, 2009
The man who ran it, 54-year-old American Joseph Cassano, and his team at AIG Financial Products were selling a financial instrument called credit default swaps. In simplest terms, reports CBS News correspondent Elizabeth Palmer, Cassano and AIG Financial Services sold big banks and brokerage firms insurance against their investments dropping in value. (CBS News)
Pure Energy Services Ltd. Announces Results for the Year Ended December 31, 2008 Mar 19, 2009
PURE ENERGY SERVICES LTD. Consolidated Balance Sheets ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- (Stated in thousands of dollars) ---------------------------------------------------------------------------- As At December 31 2008 2007 ---------------------------------------------------------------------------- Assets Current assets Cash and cash equivalents $ 4,201 $ 2,043 Accounts... (CCNMatthews Press Releases)
Delphi Energy Achieves Record Fourth Quarter 2008 Results Mar 19, 2009
With respect to financial contracts, which are derivative financial instruments, management has elected not to use hedge accounting and consequently records the fair value of its natural gas financial contracts on the balance sheet at each reporting period with the change in the fair value being classified as unrealized gains and losses in the statement of earnings ... Financial Instruments - Disclosure ... Effective January 1, 2008 the Company adopted CICA section 3862 - Financial Instruments -... (CCNMatthews Press Releases)
RBC Hedge 250 Index(R) returned -0.62 per cent in February 2009 Mar 18, 2009
This material is not intended as investment advice, or as an offer or solicitation for the purchase or sale of any security or other financial instrument. For further information on composition, fees and administration of the Index, see the Index Rules. (PR Newswire)
Unprecedented Recession Mar 14, 2009
The Tax Reform Act of 1986 had many provisions, one of which was it made the home mortgage a financial instrument. Right before that you could deduct your interest on credit cards but the only thing you could then deduct your interest from was your first home or second home. (Los Angeles Downtown News, CA)
Brookfield Real Estate Services Fund Announces Fourth Quarter and Fiscal 2008 Results and Monthly Cash Distribution Mar 11, 2009
With our well-developed operating platform, we believe that substantial growth opportunities will also emerge in the U.S.," concluded Mr. Soper.Fund StructureThe Fund generates both fixed and variable fee components. Variable fees are primarily driven by the total transactional-dollar volume from agent sales commissions, while fixed franchise fees are based on the number of agents and sales representatives in the network. Approximately 69% of the Fund's revenue is based on fixed fees from a... (CCNMatthews Press Releases)
