The top four most-challenging places to add new apartments are all coastal markets: Honolulu, Boston, Baltimore and Miami. Somewhat surprisingly, Memphis was ranked as the fifth most challenging, according to the research conducted by Hoyt Advisory Services (HAS) and commissioned by the NAA and NMHC. Six California cities were also listed among the markets considered more challenging to construct new apartments.Click here to download a pdf of this article, Missile.pdf
A Republican senator is building support to change budget rules in order to make temporary tax cuts last for two decades or more, but he has yet to convince a critical figure -- House Speaker Paul Ryan.
Currently, reconciliation rules require that any changes that would add to the deficit outside a 10-year window must be set to expire.
With nearly 39 million Americans now living in apartments, the industry has quickly exceeded capacity, with a record average of 1 million new renter households formed annually over the last four years, the study notes.Click here to download a pdf of this article, 28445.pdf
House Speaker Paul Ryan is warning against watering down the sweeping overhaul of the nation's tax code he laid out a year ago and will call on Washington to enact permanent reforms this year.Click here to download a pdf of this article, Missile.pdf
Expect more consolidation in agriculture, whether it’s family farms, big agribusinesses or food manufacturers and retailers.
That’s according to speakers at a Federal Reserve Bank of Kansas City forum Thursday, who said low commodity prices may persist, and businesses will respond by consolidating. Larger family-owned farms — those with more than $1 million in gross cash income — are better-positioned to be profitable through economies of scale. They also have the resources to invest in technology, better manage their finances and to develop relationships with customers who’ll pay more for specialty products, speakers said.
The Fed’s two-day 2017 Agricultural Symposium includes farmers, agribusiness lenders, bank regulators, university professors and agribusiness executives. They’re exploring what’s causing consolidation, and what it will mean for business, consumers and rural communities.
Farm profits are in their fourth year of declines since peaking in 2013, and while worldwide demand for ag products is high, so is supply, keeping commodity prices low and income “subdued,” said Nathan Kauffman, Omaha branch executive.
At $31 billion, GE’s pension shortfall is the biggest among S&P 500 companies and 50 percent greater than any other corporation in the U.S. It’s a deficit that has swelled in recent years as Immelt spent more than $45 billion on share buybacks to win over Wall Street and pacify activists like Nelson Peltz.Click here to download a pdf of this article, Missile.pdf
Urgent care clinics have become one of the fastest-growing segments of the medical-care industry, and more are showing up in neighborhood retail centers, providing a boost to flagging occupancy levels. While they may not be a cure to what ails the shopping center industry, they are offering some relief.Click here to download a pdf of this article, Missile.pdf
If a single ship can capture the current state of the global oil market, it’s the supertanker Saiq, floating idly about 850 kilometers (530 miles) south of the Canary Islands.Click here to download a pdf of this article, Missile.pdf
The Trump administration has a backup plan to keep the government from defaulting on its financial obligations even if Congress misses an August deadline to raise the debt limit, Treasury Secretary Steven Mnuchin told a congressional panel Monday.Click here to download a pdf of this article, Missile.pdf
On the surface, China's insurers seem to be enjoying a golden age. Over the past two years, premium revenue has risen by 88 percent and total assets by 49 percent, while claims are up only 43 percent. The industry now manages some $2.4 trillion in assets.
In a country with an aging population and high savings rate, it's a good business. The continual inflow of premium income along with predictable claims appeal to China's many aspiring investment moguls. It's no coincidence that the face of Warren Buffett -- who of course made his fortune in insurance -- adorns Cherry Coke cans in China.
Look beneath the surface, though, and dangers are lurking everywhere. In a business where risk management is fundamental, China's insurers lack the basic actuarial manpower and data tools necessary to make informed decisions. A recent survey found that 47 percent of Chinese insurance firms "haven't developed any methods at all" to conduct risk and solvency analysis. Many lack even rudimentary internal controls.
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