2012-12-04, 16:56 | Link #24961 |
Nyaaan~~
Join Date: Feb 2006
Age: 41
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Continued drama in Toronto over "Trump Towers" - More Trump Tower buyers taking developers to court
http://metronews.ca/news/toronto/464...pers-to-court/ “The hotel is magnificent. The good reviews the hotel is getting are very well deserved,” says Herbert Crockett, 75, of Switzerland, who just spent nine days in the 23rd floor Trump unit he bought in 2005. He says he’s filing a lawsuit this week. “The whole thing from that point of view is a tragedy. In 2005, this looked like a great investment. Now it looks dreadful.” Crockett says he’s been shocked to find he can’t get a mortgage for more than 65 per cent, about $475,000, of the unit he paid [agreed to pay] $902,000 for seven years ago. The retired director of human resources for the World Health Organization says the unit was recently appraised for the TD Bank at just $730,000 and is costing about $7,000 a month to keep because rooms aren’t being rented out frequently enough, or at the $600 per night rate originally projected by Talon. “Right now it’s like the fiscal cliff,” Crockett said in a telephone interview. The Trump Organization, which simply manages the hotel for Talon, has said the Toronto project is getting rave reviews from guests and blamed the buyer revolt on “buyers’ remorse.” --Note: The rooms were marketed to be rented out at $600 per night with 90% occupancy. There have been allegations that financial projections were provided with the marketing that has proven to be devastatingly untrue. The marketing was allowed via a securities law exemption conditional on no financial projections being provided. --Note2: The securities commission, OSC, has concluded its investigation and is not taking any further action, letting this play out in the legal courts. Outlook is dismal |
2012-12-04, 17:02 | Link #24962 | |
Not Enough Sleep
Join Date: Nov 2003
Location: R'lyeh
Age: 48
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Quote:
When will people learn there is no free lunch. Anyone promising a rate of 29% should be pitch over a cliff.
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2012-12-04, 21:40 | Link #24964 |
formerly ogon bat
Join Date: May 2011
Location: Mexico
Age: 53
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On related news, A Brain-Based Explanation For Why Old People Get Scammed. So old money (65+ years) can also become easy money for some.
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2012-12-05, 02:49 | Link #24965 | |
AS Oji-kun
Join Date: Nov 2006
Age: 74
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How a Ferrari Altered the Chinese Leadership Succession
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2012-12-05, 07:31 | Link #24967 |
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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It is a symbol of wealth. Seems to be the same with every Chinese with the world - cars like Porsche and Ferrari are prestige items to be owned.
And they are fantastic drives too - smooth pickup, no jerks when running above 100 and beautiful skins. Then there is also colour schemes depicting personality types; mainly what they see themselves to be - black symbolises authoritative, red symbolises hard and fast, white and silver symbolises connections. Silver tends to tilt more towards family connections, while white tend to be government/clean people.
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2012-12-05, 07:51 | Link #24968 | |
I don't give a damn, dude
Join Date: Nov 2006
Location: In Despair
Age: 38
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2012-12-05, 07:55 | Link #24969 |
books-eater youkai
Join Date: Dec 2007
Location: Betweem wisdom and insanity
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How foreign firms tried to sell spy gear to Iran
http://www.reuters.com/article/2012/...8B409820121205 Documents detail how MTN funneled U.S. technology to Iran http://www.reuters.com/article/2012/...87T05R20120830
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2012-12-05, 08:43 | Link #24970 | |
Senior Member
Author
Join Date: Oct 2007
Location: Philippines
Age: 47
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2012-12-05, 08:44 | Link #24971 | ||
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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Quote:
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2012-12-05, 09:36 | Link #24972 | |
今宵の虎徹は血に飢えている
Join Date: Jan 2009
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2012-12-05, 09:55 | Link #24973 |
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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Aren't most affluent people, or rather, huge spenders awashed with high incomes trying to do so?
I theorise that there is a psychology behind this. These aggresive rags-to-riches people are like those who hooked up a habit and went downhill because of the things they never had before. Their high incomes simply push them to work harder so they can buy more things they never had experience having when they are young - their lives have revolved around money so much that they are entangled with it and couldn't let go. There are feel good factors attached to owning something; I am sure most of you here who bought figurines would understand - it is actively AND consciously known that by yourself that it may just be another piece of plastic, but it feels good to own it and have it. Being critical about the items you own can be a huge countermeasure against that kind of spendthrift behaviour, as well as some conservative habit towards money management. Otherwise, the aggresive behaviour of ownership will turn a "I want" to a "I must have" mentality.
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2012-12-05, 10:18 | Link #24974 | |
Senior Member
Join Date: Jan 2009
Location: Moscow, RU
Age: 35
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Serbia's NATO Envoy Commits Suicide
http://www.rferl.org/content/article/24789874.html Quote:
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2012-12-05, 11:31 | Link #24975 |
Nyaaan~~
Join Date: Feb 2006
Age: 41
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Freeport-McMoRan makes massive $9BN bet on natural gas
Investors quickly panned the deal for Freeport-McMoRan Copper & Gold, sending shares of the company down $5.23, or 13.7 percent, to $33.05 in morning trading. But shares of the the two companies being bought soared. Shares of Plains Exploration rose $8.85, or 24.6 percent, to $44.90 and shares of McMoRan Exploration Co. rose $7.02, or 83 percent, to $15.48. http://fuelfix.com/blog/2012/12/05/f...on-in-9b-deal/ Reply hazy, ask again later |
2012-12-05, 15:45 | Link #24976 | |
Asuki-tan Kairin ↓
Join Date: Feb 2004
Location: Fürth (GER)
Age: 43
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Quote:
But how are those 20% measured anyway... you might ask. Well in most cases according to their price. All components of the final product cost something. If the price of the U.S. originated components is more then 20% of the overall price => embargo-product (aka U.S. technology). And you don't want to see your Loli-bot on the embargo lists because it would mean that most dictators are not allowed to buy one and you are not allowed to sell them to these people.
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2012-12-05, 17:30 | Link #24978 | |
Asuki-tan Kairin ↓
Join Date: Feb 2004
Location: Fürth (GER)
Age: 43
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Btw. even licensing fees that have to be paid to use patents hold by U.S. companies count as U.S. technology.
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2012-12-05, 18:35 | Link #24979 | |
Unspecified
Scanlator
Join Date: May 2010
Location: Unspecified
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Corruption perceptions index 2012
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2012-12-05, 18:53 | Link #24980 |
Gamilas Falls
Join Date: Feb 2008
Location: Republic of California
Age: 47
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Finland gets points I suppose.
Interestingly in Iron Sky (a Finnish production) Finland is the only country that didn't arm their spacecraft against the terms of the UN Space Treaty.
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current affairs, discussion, international |
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