The News Review:
- Circuit City looks to meet with Wattles Capital Management
- Project management as an efficiency tool
- UK Treasury in non-dom climbdown over investment management fees…
Circuit City looks to meet with Wattles Capital Management
Forbes – Apr 4, 2008
Friday said it will look to schedule a meeting with Wattles Capital Management LLC to discuss the proposed nominees to Circuit City’s board. In a response letter to Mark Wattles of Wattles Capital Management, Circuit City (nyse:.
Related: Water Board gets ‘fab’ulous gift from govt
Project management as an efficiency tool
Economic Times – Apr 4, 2008
It could also be argued that you project
what you are! In a business sense though, a project is really ?beneficial
change. ?
And as India
sustains the economic growth momentum, cutting-edge project management would be
the key for enhanced performance. Consider, for instance, infrastructure
projects. Given the record of routine time and cost overruns in large investment
projects, what?s required are world-class project management (PM) skills
to meet and actually exceed ?stakeholders? needs and
expectations.
UK Treasury in non-dom climbdown over investment management fees…
Forbes – Apr 4, 2008
The Daily Telegraph reported Friday that the Confederation for British Industry, the British Bankers’ Association (BBA) and the London Investment Banking Association met Treasury officials on Wednesday. The groups voiced concerns that the UK could lose a third of its private banking and investment management business if proposals to tax non-doms on money brought onshore to pay for financial services were not amended. It said the Treasury last night sent a letter to the BBA saying it never intended the changes to drive wealth management business offshore. The letter said the government would be ‘looking urgently at this issue with a view to addressing it through necessary amendments to the Finance Bill’.
Related: Obstacles to investment to be eliminated
[...] US Senate leaders agree on pro-industry housing billWorld Socialist Web Site – Apr 5, 2008The Senate by a vote of 58-36 defeated an amendment that includedthe major provision touted by Democrats to help homeowners—givingjudges greater ability to alter mortgage terms. Eleven Democratsjoined Republicans in defeating the measure after heavy lobbyingfrom the banking industry. The Mortgage Bankers Association issueda statement praising the move. The principal measure included in the bill that would applydirectly to those who have had their homes foreclosed is a paltry$100 million for foreclosure counseling. Even this is half ofwhat Democrats had initially proposed. Other measures of the bill are aimed at slowing the declinein home prices without providing any serious relief to those whohave had their homes foreclosed. One measure would give a $7,000tax credit over two years to individuals who purchase a home inor near foreclosure… Other measures of the bill are aimed at slowing the declinein home prices without providing any serious relief to those whohave had their homes foreclosed. One measure would give a $7,000tax credit over two years to individuals who purchase a home inor near foreclosure. Another measure would provide $10 billionin tax-free revenue bonds that could be used to finance lower-interestmortgages to allow borrowers to refinance. Even the tax credit is a paltry sum. The Washington Postreported, “In the Washington area, where the median priceof a home is $420,000, the tax break is ‘peanuts,’ saidJim Whitehead, a real estate agent at Lord & Sanders in Woodbridge. ”Another measure pushed by Democrats would expand the abilityof the Federal Housing Administration (FHA) to insure higher-valuedmortgages. Some $4 billion would be given to local communitiesto refurbish foreclosed homes in order to prevent further declinesin property values of the surrounding neighborhoods.Related: UK Treasury in non-dom climbdown over investment management fees… [...]