Lessons learned: Investing pros talk about 2008

Our portfolios shrank in 2008, yet we're rich as investors.
Rich, that is, in the wisdom that comes from bitter experience. After confronting what will surely go down as one of the worst financial crises of all time, we should all be much smarter about matters of investing.
Let's review some of the key lessons of 2008. One of the most important is that your risk of losing money rises sharply when you venture away from safe but low-paying investments Read the rest of this entry »

January 1, 2009 | , , , , , ,
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Assisted living sites face legal challenges Sunwest Management CEO …

In a last-ditch effort to save his company, Sunwest Management CEO Jon Harder placed himself and 14 individual assisted living centers — including Alpine Court in Eugene — into Chapter 11 bankruptcy.
In legal maneuvering that unfolded in the waning days of 2008, Harder sought an injunction to stop nine big investment banks from seizing the most profitable of the company’s nearly 270 assisted living centers across the country.
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December 31, 2008 | , , , , , , ,
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Ciena Solutions Joins SAP(R) PartnerEdge(TM) as an SAP Services …

Ciena Solutions, a NetSol Technologies, Inc.
"NetSol" (NASDAQ: NTWK) (DIFX: NTWK) company and provider of enterprise
application solutions and global business services, today announced it has
joined the SAP® PartnerEdge(TM) program as an SAP services partner. The
program gives partners access to resources, services and benefits that will
help Ciena Solutions build and maintain a successful partnership with SAP,
which will help it to optimize business Read the rest of this entry »

December 28, 2008 | , , , ,
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Patient care not as good at for-profit nursing homes, analysis shows

For-profit nursing homes are more likely to provide worse care than their nonprofit rivals, according to a USA TODAY analysis of the government’s first ranking of nearly 16,000 nursing homes.
The new Zagat-like rating system, released Thursday by the Centers for Medicare & Medicaid Services, assigns homes one to five stars for their quality, staffing and health inspections, plus an overall score.
The scores reflect tens of thousands of inspection Read the rest of this entry »

December 27, 2008 | , , , , , , ,
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Sebelius not interested in Obama’s Commerce opening

— Gov. Kathleen Sebelius said Monday she is not interested in becoming secretary of Commerce as President-elect Barack Obama searches for a new appointee.
Some national news organizations mentioned Sebelius as a possible replacement for New Mexico Gov. Bill Richardson, who withdrew because of a federal investigation into how some of his political donors received a lucrative state contract. Richardson has denied any wrongdoing but said the probe Read the rest of this entry »

December 27, 2008 | , , , ,
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Ira Millstein’s Opinion Helped Steer Yeshiva’s Money to Madoff

Dec. 31 (Bloomberg) -- A legal opinion from
, a corporate-governance specialist for four decades,
helped set the stage for
’s millions of dollars
in losses in the Madoff scandal.
Millstein, a senior partner of Weil, Gotshal & Manges, said
in a letter seen by Bloomberg News that Yeshiva had “followed
procedures adequate to prevent either the appearance or the
reality of a conflict of interest.” The September 2000 opinion
cleared financier
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December 26, 2008 | , , , , , ,
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Jess Ranch Marketplace Property Fetches $3.8M

Jess Ranch Marketplace Property Fetches $3.8M
Fountainhead Development sold the multitenant retail building at 19201 Bear Valley Road, in Apple Valley, CA, to Landmark Equity Management for $3.8 million, or $497 per square foot.
The 7,641-square-foot retail property is part of the Jess Ranch Marketplace shopping center. It was built in 2007 on 1.5 acres.
Kevin Boeve of Marcus & Millichap represented the seller. Kenneth Chasin of Pegasus Investments Read the rest of this entry »

December 23, 2008 | , , , ,
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Investing in gold pays off over 2008

With the global economic turmoil having increased demand for gold bullion over the last 12 months, the yellow metal is set to be the only commodity to improve its position year-on-year.
According to Reuters, gold is set to have increased its value by three percent over the course of 2008, setting it apart from oil - which has fallen in price by 60 percent - and base metals.
"Gold is the only (metal) that has been up this year," confirmed Nick Read the rest of this entry »

December 23, 2008 | , , , ,
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Los Angeles-area small-business lender receives cash infusion

The Merrill Lynch funds are meant for microloans of $5,000 to $50,000, he said. Half the $1 million has already been tapped for loans. Merrill Lynch also gave the center a $50,000 grant to create a streamlined, computer-based loan approval process it hopes other microlenders can copy. The money will also pay for a new loan officer in the center's downtown L.A. office.
In addition to running its own loan funds, which are often set up by banks or Read the rest of this entry »

December 22, 2008 | , , , , , , ,
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Online Journalism: Donations Accepted

Amid traditional media's bloodletting, nonprofit news outfits like Spot.Us are experimenting with community-funded journalism on the Web
The news business is in disarray. Thousands of journalists have been left jobless by deep cuts at
), Gannett (
), Viacom (
), and other large media properties. Small newspapers and trade publications around the country are shutting down operations, and many that survive have eliminated bureaus, reduced Read the rest of this entry »

December 21, 2008 | , , ,
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