Archive for July 30th, 2008

Render Films Digital Studios Develops Niche with Technology Companies - MarketWatch

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I found this interesting article from The Times of India, discussing Utah’s transition to a 4-day workweek from a 5-day workweek.  Researchers from the Romney Institute of Public Management found that 60% of employees who have transitionedto the 4-day workweek reported higher productivity.

They found that although four day work week employees work the same number of hours per week as their traditional work-week counterparts, they reported being more satisfied with their jobs, compensation, and benefits, and were less prone to look for employment elsewhere in the next year. 

Source: The Times of India

It’s funny what a seemingly slight difference in scheduling makes. They work the same number of hours as 5-day workweek employees, and yet they report superior performance and job satisfaction.  If the performance is indeed better, businesses should take a serious look into applying similar changes in their schedule.

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Today’s home is an architectural treat in the Cleveland Park area of Washington D.C. The Slayton House’s very special triple vault design comes courtesy of I.M.Pei & Associates which received an award for the design in 1964. In 2001, ,architect Hugh Newell Jacobsen was commissioned to enhance the original concept. The project was designed for the family of Pei’s colleague and friend William Slayton and features three poured concrete vaults.

Of course my eye is immediately drawn to the center vault space that contains a library lined by bookcases. The library separates the two master bedroom suites on the top level and overlooks the great room and onward to the pool.

The home has two bedrooms, three full baths and a gourmet kitchen. The front exterior features an alee of white crape myrtle trees around a pool surrounded by Turkish travertine which is also on all floors except the two bedrooms which are carpeted. This home is listed at $4.25 million.

[via Modern Capital]

[Thanks, Victor]

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Continue reading The Slayton House, Estate of the Day

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Brazilian bombshell Gisele Bundchen just slashed a whopping $5 million off the original asking price on her Manhattan penthouse. The supermodel first listed the West Village spread at $10.9 million last September, then lowered the price a few times, ending up at $7.9 million before withdrawing it from the market in the spring.

Now the Wall Street Journal reports Bundchen just re-listed the pad for $5.9 million, a almost 50% reduction. She paid nearly $3 million for the modern 1,700-sq.ft. triplex with a wraparound terrace and roofdeck overlooking the Hudson River in 2002.

Meanwhile, the Journal also notes that Bundchen’s beau, football star Tom Brady, has upped the price on his 3,000-sq.ft., three-bedroom apartment at the Time Warner Center. He first listed it in 2007 for $16.5 million before taking it off the market. He has now re-listed the spread at $18.29 million, about a 30% increase.

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How’s this for a price reduction? The Normandy-style estate in Oyster Bay, New York is finally under contract for $18 million. That sounds like a lot of money until you take into account that the property was originally listed in 2006 for $43 million. The home was built by famed architect Charles P.H. Gilbert in 1906 and has ten bedrooms, staff quarters, a bowling alley, wine cellar and more. The grounds include a Tudor-style coach house, 12-stall stable, tennis home, both indoor and outdoor tennis courts and a pool. The property is listed as having approximately 26 acres surrounded by 114 preserve wooded acres. The listing back in 2006 described it as having sixty plus acres surrounded by 80 acres of conservation land and Newsday reports that last year, Nassau County purchased 33.5 acres of the estate for $11 million for preservation purposes. So it’s more like a $32 million listing went for $18 million. Still, that’s quite a price chop.

Northwood was once a 900-acre estate owned by banker Mortimer Schiff. Schiff built a big 120-room Tudor home on the site but his son John replaced it with the comparatively modest home that’s on the land this day in 1948.

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One of my favorite old SciFi movies is “The Day the Earth Stood Still” with Michael Rennie, Patricia Neal, and Sam Jaffe. And Billy Gray (from Father Knows Best). Klaatu (Rennie) comes to earth with Gort, his robot friend, to warn the people of the world that they have to live in peace or face obliteration (I was never sure why, if the aliens were against war, why they would destroy people). Anyway, it seems Barak Obama has picked up Klaatu’s refrain.

During his current speech in Berlin, he referred to his audience several times as “People of the World” and he designated himself as a “fellow citizen of the world.”

Sounding very presidential, Obama spoke where Kennedy and Reagon gave resounding speeches to the people of Berlin. Kennedy’s “Ich Bein Ein Berliner” speech and Reagan’s “Mr. Gorbachev, tear down this wall” speech both were pivotal events in European and American history. Will Obama’s speech prove to be as powerful or influential? Only time will tell.

And I hope we can understand the words of Klaatu:

Your choice is simple: join us and live in peace, or pursue your present course and face obliteration

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I counsel people going into professional practices, and I tell them this often: If you’re buying property, purchase the property as a separate entity. Having a separate entity (an LLC or a Subchapter S Corporation) for the property keeps the property out of any issues with the debt of the business itself. You can also move the business and keep the property, renting out the space to some other business.

The separate entity for property idea might also be good if you are asked to invest in a business by a relative, child, or friend. You could offer to purchase (or join in buying) the property, and keep out of any potential problems with running the business. A current online newspaper article from Fort Myers, Florida, has more details and additional examples.

Remember, I’m not an attorney or accountant and I’m not giving you advice. Check with your attorney and CPA before entering into any business transactions.

Better yet, don’t invest at all. And try to avoid borrowing from family and friends to begin your business. David Gass of Business Credit Services, Inc., says:

Borrowing from family and friends can be good for some. However I’ve seen most business owners get into fights or trouble with borrowing money from someone close to them. If you are someone that lends money to a family member just assume you gave it away. You can’t expect to get it back. You’re usually the last person they think of when paying bills because they believe you’ll wait. This causes stress on the relationship. I would suggest using a site like virginmoneyus.com to manage the paperwork of the loan if you want to borrow from family and friends.

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ResponsibleShopper.org Rates More Than 150 Top Consumer Companies … - MarketWatch

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