Archive for February 27th, 2008

Barack Obama Opposes the Diversion of Federal Small Business … - PR Newswire (press release)


Washington Post

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The location alone makes this one total estate of the day bait. Then we add in the names, the eight-bedroom home was built in 1890 by Gilded Age architect Stanford White and the exterior layout was designed by the king of landscape architects Fredrick Law Olmsted. The property in Larchmont, New York has a fantastic location on a private peninsula on almost three acres. The views of Long Island, Westchester and New York City are nothing short of fantastic. The listing says a renovation took place in 1994 but this massive 21,000 square foot home looks care about it is need of a big scoop of loving care and a lot of cash to make it sparkle. It’s priced at $14 million.

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The location alone makes this one total estate of the day bait. Then we add in the names, the eight-bedroom home was built in 1890 by Gilded Age architect Stanford White and the exterior layout was designed by the king of landscape architects Fredrick Law Olmsted. The property in Larchmont, New York has a fantastic location on a private peninsula on nearly three acres. The views of Long Island, Westchester and New York City are nothing short of fantastic. The listing states a renovation took place in 1994 but this big 21,000 square foot home looks enjoy it is need of a big scoop of loving care and a lot of cash to make it sparkle. It’s priced at $14 million.

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The date has finally been set, unless the situation drastically changes, Michael Jackson’s Neverland Ranch will be sold at auction on March 19 becoming what is likely the country’s most famous foreclosure. According to Fox News, Jackson received word Monday from Financial Title Company that unless he comes up with $24,525,906.61 by that date, a public auction will go forward in Santa Barbara in front of the county courthouse. The home and everything inside and around, personal property, the rides on the grounds, all of it is going.

Jackson hasn’t been spotted at Neverland since June 2005. In that time he’s lived in Bahrain, Ireland and Las Vegas among other pit stops on his global tour. It is assumed that Jackson will just do nothing and let the property go up for auction since he probably does not have the money even though he refinanced his $300 million loan from Fortress Investments with help from Sony Music, HSBC and Barclays Bank.

Jackson moved out of Neverland after he was acquitted of child molestation charges. He did pay around $600,000 in property taxes last month. If no one bids on Neverland then Fortress Investments will take possession of the property and will likely put it on the market through a Santa Barbara real estate agent.

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In my search for individual/business health care coverage, I’ve found some articles and information to share with you. It appears that health insurance plans are able to provide coverage within specific states. In each say, I found, there is a list of plans that are available, and some that aren’t. One plan I looked at was not available in my state. (Find your state’s department of insurance (or insurance commission) by googling “state name” and “department of insurance.” I found some good information on Health Insurance Info (from Georgetown University) by going to my say and downloading a report.

I found an interesting article that substantiates my belief that I’m not alone in my concern that I don’t have access to retiree health insurance from my organization. The article, from the Gilroy Dispatch, stated:

Only 35 percent of massive employers offer retiree health benefits, down from 66 percent 20 years ago, according to the Kaiser Family Foundation.

If you’re in the same situation, I share your concern. I’m still on the search. More later….

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A woman opened up a coffee shop 2 years ago in a strip mall near my home.  Unfortunately, a second coffee shop opened about a mile up the road, along with a Penara Bread store.  The second coffee shop, with a drive thru, closed.  A dance studio opened in the strip mall next to the first coffee shop.  Now, the first coffee shop is doing gang-buster business from the mothers waiting for their daughters to get out of dance lessons.  The Penara is doing very well.

The key here’s that the woman who opened the first coffee shop owned the strip mall where she opened and the beauty salon and the tanning shop in that same strip mall.  The guy with the drive thru coffee shop was on his own.  The reason the first coffee shop survived is that the owner had the financial where with all to survive the lean start-up times until her immediate business environment turned around.  Though he had a better idea and a better situation, the guy who ran the coffee shop that closed didn’t have enough financial strength to survive the lean times.

Start up times are very lean financial times.  Are you ready, willing and able to do what is necessary financially to put your business in the black?

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From the website:

It’s time to toughen up your wimpy office mug. Turn a boring mug into a mega strong stationary holder with Mug Boss. Lets be honest, there’s nothing exciting or masculine about a desk tidy… well that was the case before the Mug Boss was born! This genius invention instantly transforms an ordinary mug into a mega-strong container for all that desk gear. It has twelve durable pockets which can hold nearly anything (…pens, pencils, screwdrivers, laser pointers, paper clips). Larger items can go directly into the mug itself. To top it off, a hook and loop closure (which fastens through the handle) holds the whole thing secure.

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The concept of “collaborative filtering” has been around for a long time. The pioneer is Amazon.com, Inc. (Nasdaq: AMZN), which built the system that does things like “if you like this book, you might also like the following titles.” Essentially, this is based on a variety of data sources, such as your buy history as well as the behavior of similar users.

Well, a startup company, Outbrain, is providing its own flavor of collaborative filtering. In fact, the company has announced a venture capital round of $5 million. The investors include Gemini Israel Funds, Lightspeed Venture Partners, and GlenRock Israel.

The thinking behind Outbrain is that people want to read news stories and articles that those who have similar interests also read and liked. So, through a widget, a news site or blogger can grant users to rank content (using a five-start system).

As more and more people use the system, the story links should become increasingly relevant to the users. It’s based on highly-sophisticated technology known as the Personalized Relevancy Score.

Even though it’s really a matter of time to see if this stuff works, Outbrain’s investors are psyched about the deal. According to the Daniel Cohen, a general partner at Gemini Israel Funds: “With a great product and a great entrepreneur, this investment is a no (out)brainer.”

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar On the internet Guide to Decoding Financial Statements. He also operates DealProfiles.com.

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You’ve an extra day this year.  It’s leap year.  You can procastinate a day in paying your bills.  You can spend a day at the movies.  You can take your significant other to lunch.  What are you going to do with the extra day?

 And, happy birthday to all those leap babies.

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