It's been about a year since the meltdown on Wall Street, and it's good to hear that Ben Bernanke thinks the recession is over. I believe that much has been done, and that the steps taken have been positive, but it's not over by a long shot. Yes, necessary things have been done to stabilize
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09/17/2009
It may be hard to digest, but if you read the tea leaves, the financial titans and intellectual powerhouses that served in both the Bush Administration and now serve in the Obama Administration may have approached the resolution of our economic issues differently but they seem have reached the sa
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07/28/2009
Upon the application of certain secured bondholders, including a group of Indiana pension and construction funds that hold Chrysler bonds, the US Supreme Court, by Judge Ruth Bader-Ginsburg, ordered a stay of the sale of Chrysler's assets to Fiat. Judge Ginsberg's ruling delays the sale while the
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06/09/2009
Blogging offers an alternative to the mainstream media. If all we were told came from TV programs like CNBC we would believe that the state of the economy as a whole is based upon the rise and fall of the Dow Jones Industrial Index, and that we’re now in a relatively stable market. In fact, with
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06/02/2009
I believe in real estate. The current marketplace has made assets available at below-market values for a variety of factors, such as tenant vacancies, owner distress, a financial imbalance in the the property's value, an unfavorable loan structure, a lack of owner capital reserves, credit restric
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05/31/2009
Needham, Massachusetts, May 11, 2009 Warren Kirshenbaum is pleased to announce the refinancing into permanent debt of a subordinated construction loan for the Middleton Family Medicine Medical Facility, using the US Small Business Administration's ("SBA") 504 program. The 504 Program provides gr
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05/14/2009
Needham, Massachusetts, March 16, 2009 I am pleased to announce the successful sale by my clients, Station Place, LLC and Myrtle Square, LLC, of 2008 Massachusetts Brownfields Tax Credits to a Fortune 100 international insurance conglomerate. Brownfields Tax Credits are issued by the Commonwe
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03/17/2009
The economic models of socialism, capitalism, and European-style socialized capitalism are under pressure given today's economic realities. In a global economy, where we are all inerconnected and inter-dependent, the reality of which model will be most effective in attending to our issues is m
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01/30/2009
I suffer from this more than most. Having been trained as a lawyer, I'm long at problem spotting, scrutinizing and critiquing proposed client actions, but short on prescribing the remedy - so here goes. The economy is in a tailspin and much has been written about what caused it; why we are in t
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01/25/2009
As attorneys, we find ourselves from time to time being called upon to guide clients through business situations that require skills more akin to a consultant than a legal advisor. In that role, I find the following advice helpful: Understanding the objective of the decision is often a key to the
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01/19/2009
