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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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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Profit strategies program aids long-term success

Is your dairy positioned for long-term success? Not sure how to answer this question? Understanding the factors that limit profitability in different herd sizes and how shifts in management strategies can improve profitability can help you establish long-term viability in your operation.
"Profit Strategies," a Penn State Dairy Alliance program, will show producers how to select a business model that will position their dairy business to be more Read the rest of this entry »

December 18, 2008 | , , , , , ,
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Anonymous Donor Drops $50000 in Salvation Army Kettles

Anonymous Donor Drops $50,000 in Salvation Army Kettles
Monday, December 22, 2008
JOPLIN, Mo. —  An anonymous donor has come through again for the Salvation Army, dropping five cashier's checks for $10,000 each into kettles at the city's two Wal-Mart stores.
It's the fifth straight year someone has given $50,000 to the Salvation Army's annual holiday fundraiser without taking credit for the generous gesture. And while Capt. Jason Poff Read the rest of this entry »

December 13, 2008 | , , , , , ,
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Cal Poly alum markets environmentally friendly shirts

Freshly out of Cal Poly in 2003 with a degree in business finance, Peter Imai faced a challenge familiar to many new alumni upon entering the job market: how was he going to put his new credential to work?
“Like many people, I wasn’t sure what I wanted to do,” said Imai. “I didn’t want a corporate finance job, and I found that entrepreneurial work was more my thing.”
After a few years in real estate, Imai joined Read the rest of this entry »

December 12, 2008 | , , , , ,
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Reconciling Approaches to Money

MANY couples scrap about money, but when life is running smoothly, more or less, it’s easy to let financial differences simmer without feeling the need to do anything about them.
A nasty economic crisis is a serious mood-changer. It has a way of seeping into your life and exacerbating every point of financial tension you ever have experienced with your partner.
In normal times, the prospect of forging genuine financial compatibility lingers Read the rest of this entry »

December 10, 2008 | , ,
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Wait. Why Is the FTC After Whole Foods?

need to take their continuing legal spat out of the courtroom and into the grocery store.
That’s right. Pack up the legal briefs. Grab a cab. There’s a
on L Street about a mile north of the F.T.C. headquarters in Washington.
A field trip is in order because the reasoning behind the F.T.C.’s efforts to stop a merger between Whole Foods Market and a smaller competitor, Wild Oats Market, has been undercut by marketplace realities.
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December 7, 2008 | , , ,
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TREASURIES-Fall on profit-taking, higher stock futures

Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of Read the rest of this entry »

December 7, 2008 | , , , , , ,
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Who isn't a Madoff victim? The list is telling.

(Fortune) -- As the number of victims of Bernard Madoff, the criminally charged founder of the investment firm that bears his name, seems to multiply with the speed and force of a hurricane, certain types of investors seem to be absent -- so far, anyway -- from the casualty list. That's no accident, argues James Hedges IV of LJH Global Investments, a boutique firm that invests in hedge funds and private equity for high-net-worth families. In other Read the rest of this entry »

December 3, 2008 | , , ,
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