It’s called CMBS. Most of us have never heard of CMBS. But, then who knew that much about how sub prime residential mortgages were being securitized into all types of investments and scattered around the world? CMBS is the commercial mortgage version of residential mortgages. Estimates say there is upwards of $800 billion floating around. If Read the full article…
It will be interesting to see how this new guru of budget reductions will fare. She’s Mckinsey Consulting trained, so I’m skeptical. I had lots of interactions with McKinsey people, and none were productive. They worked hard and seemed very bright, but most of the experience was educational and maybe a stint or two as a community Read the full article…
It is no secret that mainstream media is in serious financial trouble. Almost all, from print to radio to TV, are bleeding red ink. In fairness, part of it is less ad revenue. Advertisers are cutting back ad budgets. Some may be selective. Marketers try to match shows to products and brands. Some might be falling Read the full article…
