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Author:
Mike Ochs
Posted:
02.23.2009

A Brief History of the Fed

The origins of the public/private Federal Reserve Bank is the subject of a new book “Innumeracy”, by John Allen Paulos. Established in 1913 when Congress passed the Federal Reserve Act in an attempt to prevent financial panics, the Fed still had an aura of mystery. Even more curiously, the Fed’s founders knowingly created the perception […]

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Author:
Mike Ochs
Posted:
02.18.2009

Homeowners Rush to Refinance While Interest Rates Are Low

What recession? A recent conversation with a friend revealed the unexpected nugget that at least one segment of the credit industry is alive and extremely well. The friend’s mortgage broker daughter is taking a leave of absence from law school to concentrate her energies on processing all the refinance applications coming her way – a […]

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Author:
James I. Clark III
Posted:
12.02.2008

Rising Inflation Rates Demand Caution When Investing

Inflation has returned with a vengeance, with a 1.1 percent increase reported during June – courtesy of soaring energy and food prices.  The Federal Reserve reacted to the warning signs on June 25, when it froze the Fed funds rate at two percent – ending nine months of rate cuts that it hoped would revive […]

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Author:
Pat Gallagher
Posted:
10.24.2008

Foreign Investors Like Luxury

Volatile oil prices will minimally impact global air-freight growth over the long term, according to a Boeing Company report cited in a GlobeSt.com article.  The Chicago-based aircraft manufacturing giant’s Current Market Outlook 2008 predicts that growth will achieve an annualized average rate of 5.8 percent from 2007 through 2027.  Similarly, the report projects that the […]

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Author:
Donna Jarmusz
Posted:
10.16.2008

Harvard Creating a Healthcare Destination in Dubai

Harvard University’s Dubai Healthcare City (DHCC) advances the professional development of physicians, nurses, research scientists and allied healthcare professionals in the Persian Gulf region.  The core mission is to create an alliance between this region and the global medical community.  A secondary goal is to bring the expertise of world-class academic medical centers to the […]

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Author:
Pat Gallagher
Posted:
09.24.2008

High Costs Could Impact Shipping Routes

Two trends in international trade worth highlighting: American exports are booming, thanks to the dollar’s current weakness.  This considerable increase in volume has made it virtually impossible for U.S. manufacturers to get space on container ships within a four-week window, especially for products shipping from the ports of Los Angeles or Long Beach to any […]

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Author:
James I. Clark III
Posted:
09.11.2008

Fannie, Freddie and the American Taxpayer

As the United States government commits a bare minimum of $100 billion of taxpayer money to bail out Fannie Mae and Freddie Mac, the final reckoning depends on how effectively Washington runs the mortgage powerhouses. According to the Christian Science Monitor, with the sheer magnitude of Fannie and Freddie – with $5 trillion in home […]

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Author:
Matt Ward
Posted:
07.22.2008

Student Housing Flexes its Muscles with Illini Tower Sale

In a transaction that demonstrates the inherent strength of the red-hot student-housing market, an Australian firm recently purchased the 725-bed Illini Tower in Champaign, IL, for approximately $60 million.  Do the math and you’ll find that the cost-per-bed adds up to a whopping $82,758.  The building serves students of the University of Illinois at Urbana-Champaign. […]

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Author:
John Coleman
Posted:
07.15.2008

Suburban Office Vacancies Rise

According to a recent Crain’s Chicago Business article, suburban office vacancy rates shot up to 13.1 percent during the second quarter of 2008.  That is the highest level in more than two years. According to the commercial real estate services firm, Transwestern Commercial Real Estate, the vacancy rate is at its highest level since the first […]

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Author:
Matt Ward
Posted:
07.08.2008

Want Affordable Housing? Here’s Where to Find It

Despite all the doom-and-gloom reports on the residential real estate market, there are some bright spots.  In several markets, housing has become surprisingly affordable to families earning a median household income of $61,500.  And there’s more good news.  Mortgage rates are again nearing the record lows of a few years ago; and family incomes jumped […]

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