Word: banks
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...critical that owners maintain books, records, separate bank accounts and different credit cards for the business, says Brenda Schafer, a CPA and CFP at the Tax Institute at H&R Block...
...making it one of the premier company towns in the U.S. But as GM's fortunes have fallen, so have those of Flint. GM is still the largest employer in town by far, but its Flint payroll has dropped to fewer than 8,000. Meanwhile, the Genesee County Land Bank owns more than 4,000 vacant residential properties in and around Flint, which had 124,000 residents at the last census. Today, streets are mostly abandoned, the average value of a single-family home has dropped to $16,400 and the city's unemployment rate hovers at 27%, which...
Although he began his career as a lawyer at the prestigious firm of Cravath, Swain & Moore, Wasserstein eventually went into banking. When he joined the investment bank First Boston, he helped build the firm into one of the most prominent mergers and acquisitions establishments of the 1980s, according to media reports...
...Wasserstein—in conjunction with his partner Joseph Perella of First Boston—created Wasserstein Perella & Co., a smaller investment bank that was eventually sold in 2000 for around $1.4 billion...
...have initially persuaded the Obama Administration to press Abbas to shelve the matter at the U.N. for six months, hoping to allow for the renewal of peace negotiations. But Abbas was forced to switch positions in response to the Palestinian outcry that saw protests in Gaza and the West Bank and opposition from top officials of his Fatah party. (Many in Fatah have lost faith in President Obama and won't be much swayed by the argument of dropping Goldstone to give the peace process a chance, as they believe a credible agreement is not possible with the current Israeli...