Feb 23rd 2010 9:54PM Ron Popeil's life was covered in a major article in the New Yorker a few years ago - this guy went from dirt poor to a major success through relentless effort. The rotisserie was sold in the tens of millions. My favorite (laughable) Popeil product was the spray-on hair - for a brief time he pitched it, using himself as a model - you sprayed some black fiber bits on your bald spot using what looked like a can of spray paint and presto - it was gone - at least until you showered. RIP Ron.
Dec 3rd 2009 8:27AM Huge win for Comcast - the Roberts family rarely makes strategic mistakes. They are obtaining substantially more cable content for their existing cable operations at an attractive price with the option to buy the remaining 49% in a few years. NBC Universal is highly profitable already and this will increase. I have watched the Roberts for over 30 years build Comcast from a regional cable operator to what it is today.
Aug 26th 2009 11:46AM When a bank buys a property at auction or Sheriff sale the amount bid immediately goes to pay down their mortgage. Sun followed normal procedure. They now own the house and will turn it over to a RE broker for resale. They will probably lose nothing in the end or at most $2M.
Jul 27th 2009 5:27PM The Bank made the right decision. Using examples of bad loans the bank made to other businesses doesn't mean that they should make a loan to someone with no steady income. Banking policies are refined constantly in an effort to lower overall risk. Banks make both consumer and commercial loans and in both arenas they expect to occasionally experience losses on individual loans. That's just normal banking practice. A loss to one client or several has no bearing on whether the bank should make a loan to another client. I know of no responsible lender which will make a mortgage loan (long term payback) to someone withhout steady income.
May 23rd 2009 11:30AM New Jersey is the greatest - its got hilly country, 100 miles of beaches,the Pine Barrens, and a diverse population. Phoenix - been there a dozen times - old people inside their air-conditioned homes taking naps while its 115 degrees outside. Talk about boring! Zzzzzz. Jersey Rocks!