What we are witnessing may be the greatest destruction of financial wealth that the world has ever seen — paper losses measured in the trillions of dollars. Corporate wealth. Oil wealth. Real estate wealth. Bank wealth. Private-equity wealth. Hedge fund wealth. Pension wealth. It’s a painful reminder that, when you strip away all the complexity [...]
Entries Tagged as 'Business'
Quote of the Day
September 18th, 2008 · 5 Comments
Tags: Business · Economics · Election 2008 · McCain · Politics
Chamber of Commerce Biz Barometer, July 2008
August 28th, 2008 · 2 Comments
There are some interesting figures on the Chamber of Commerce Biz Barometer for July. The news from the real estate front isn’t good. Compared to July of ‘07, fewer homes sold for a lower average price after spending a month more on the market. The motor fuel tax revenue is down (not [...]
Tags: Business · Chamber of Commerce · Pekin
Maid-Rite in Pekin
August 13th, 2008 · 6 Comments
So THAT is what’s going in the old Hardee’s building on Court & Parkway. The Maid-Rite dining franchise is coming to Pekin.
I couldn’t understand why that spot was vacant for so long … at least the two years that I’ve lived here. Court & Parkway is probably the busiest intersection in Pekin, and the lot [...]
Tags: Business · Pekin · Restaurant
Some Disturbing News Regarding Humana
May 31st, 2008 · 2 Comments
Rittenhouse Rankings CEO Candor Survey evaluates candor in the annual shareholder letters of 100 Fortune 500 companies. The 2007 Survey shows a disturbing trend – confusing and/or misleading statements, what Rittenhouse refers to as “dangerous fog”, increased by 66% over the last five years. There was also a big jump in “Orwellian language” [...]