Archive for August 8th, 2008

5 Stocks to Beat the Recession - Motley Fool


The Money Times

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We here at Luxist owe a debt to Molly Sims. The picture of her in a diamond bikini remains a perennial top hit for our site. The lovely Sports Illustrated model and television star has put her charming three bedroom home in the Hollywood Hills on the market. This 1930s Spanish style home with views of the Los Angeles skyline has some fantastic details such as the bright white kitchen with Carrera marble countertops and the huge wine refrigerator. As the Real Estalker mentioned, the ebonized Saltillo tile floors are particularly gleaming and charming. The 3,043-square-foot home also has plenty of French doors opening out onto the patio and looks care about it stays cool even when it’s hot outside.

There are some off notes here. The puce shag and retro wallpaper in the den seem in need of a redo and the pool is a wee bit close to the house for maximum comfort and lounging potential. Plus, and this is probably just a personal quirk, I’m not a fan of the trough-like stone sink in the guest bath. Molly Sims paid $1.425 million for the home back in 2004 and is asking $2.999 million now.

For more prime properties and lush locations, see Luxury Homes and Mansions.

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Continue reading Molly Sims in the Hollywood Hills, Estate of the Day

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Rob is the winner of the Small Business Boomers book contest (I used a random number generator to determine the winner).

Rob is Rob Marsh and he blogs at http://brandstory.typepad.com/. Check out his blog (I particularly liked the post about the free book).

His book suggestion was Art of the Begin by Guy Kawasaki. I agree wholeheartedly with his recommendation. I particularly like Guy’s comments regarding “Bootstrapping.”

My favorite quote from Kawasaki’s book (and one I have used over and over in speaking with classes): If you think you can’t live without something, wait and week and see if you’re still alive.

If you’re considering starting a business, I strongly recommend that you read The Art of the Begin.

Thanks for playing. More contests coming up.

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I mentioned a few weeks ago my concern about the trend of companies to cut retiree health coverage, forcing retirees to pay a higher portion of the costs or drastically slashing the coverage. Now another example:

Maytag has been a large employer in Iowa. They were bought in 2005 by Whirlpool and the new company wants to cut retiree health benefits. In fact, Whirlpool is suing to be granted to change (read “cut”) the retiree health plan. This article is particularly disturbing because it involves a union. I had always thought that having a union meant that unless the union bargained away your benefits they could not be changed. Don’t count on it. Here’s what former United Auto Workers Local 997 President Ted Johnson said:

“It was negotiated in 2004 that the benefits would be in place for life, but I guess that’s the way corporate America now treats people,” stated Johnson, who was president of the Maytag local from 2005 through last year.”

So what are your plans if your employer cuts or eliminates your health coverage after you retire? Can you afford to pay for the coverage? Do you have any alternatives? Something to keep you up at night, isn’t it?

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Eat my wall - CNN Money
(Fortune Small Business) — George Irwin builds green structures for a living, but his latest project aspires to rebuild lives. This summer, Irwin is donating a vertical urban farm for residents of Los Angeles’ graffiti-scarred Central City East

Fla. man accused of stealing millions from small businesses - Gainesville Sun
ORLANDO, Fla. – A central Florida businessman whose private equity fund owned several payroll processing firms has been accused of stealing $182 million in taxes from thousands of small business clients. Frank L. Amodeo, who controlled Mirabillis

ICTC hosts e-commerce training session - Muskogee Daily Phoenix
In an effort to provide small business owners with additional opportunities for increasing sales and profits, a training session is scheduled to be held at the Indian Capital Technology Center in August, stated Dr. Barbara Rackley, coordinator of the

Colleges are a great resource for small firms - Everett Herald
An entrepreneur who’s mystified by bookkeeping or putting a marketing plan together can get some help, and soon, with the arrival of the fall semester. Schools, colleges and universities around the country offer a variety of courses intended for small

Fla. man accused of stealing millions from small businesses - Gainesville Sun
ORLANDO, Fla. – A central Florida businessman whose private equity fund owned several payroll processing firms has been accused of stealing $182 million in taxes from thousands of small business clients. Frank L. Amodeo, who controlled Mirabillis

US: Citi to buy back $7.3 billion of bonds - Washington Post
NEW YORK, Aug. 7 — Citigroup concurred Thursday to buy back $7.3 billion of bonds from retail and small-business customers who got stuck holding the debt when the market for so-called auction-rate securities melted down in February. The offer, part of

The ideal Personal computer for Microsoft Office? A Mac - CNN Money
(Fortune Small Business) — How’s this for the ultimate digital-age, small-business irony: Want the ideal possible environment for Microsoft ( MSFT , Fortune 500 ) Office? Try running it on a Mac. The Apple ( AAPL , Fortune 500 ) line of personal

BofA begins Hispanic ad campaign - MSN MoneyCentral
Bank of America Corp. has started a Spanish-language advertising campaign dubbed Hacia Adelante. It markets the importance a checking account plays in owning a first home, paying for college and starting a small business. “In launching Hacia Adelante

Small business owners have many learning options - Miami Herald
NEW YORK An entrepreneur who’s mystified by record-keeping or putting a marketing plan together can get some help, and soon, with the arrival of the fall semester. Schools, colleges and universities around the country offer a variety of courses aimed at

Harris, Illinois State Treasurer’s Office to Introduce Pilot Lending - MSN MoneyCentral
CHICAGO , Aug. 6 /PRNewswire/ — Harris and Illinois Say Treasurer Alexi Giannoulias this day announced “HELP Employ Illinois” (Harris Entrepreneurial Loan Program), a new pilot lending program for Illinois -based small businesses. The new program

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