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...other words, renting might not be the only deal...
...been over a year since we published our feature "The 25 Best Financial Blogs." A great deal has changed. Some of the blogs on the list are gone or no longer have regular posts. Others have grown and become better...
...liquidation firms certainly do. In many deals, they pay the bankrupt company for access to the merchandise, and only profit if they sell enough stuff. These "guarantee" deals carry lots of risk. Take Circuit City. The four liquidation companies, the Great American Group, SB Capital Group, Tiger Capital Group and Hudson Capital Partners, together paid some $800 million for Circuit City's merchandise, which is worth around $1.7 billion at retail. The firms must also pay the company's expenses - payroll, rent and store operating costs - for the duration of the liquidation, which will likely take eight weeks. Here, Circuit...
...specific problems. To do so, she will appoint no fewer than five, and perhaps more, high-profile special envoys who will do the heavy lifting and share her spotlight on the most vexing foreign policy problems - former Senator George Mitchell to calm down the Middle East, Richard Holbrooke to deal with the Afghanistan-Pakistan nexus and others for Iran, North Korea, the global-climate-change treaty negotiations and possibly another for the ever forgotten neighbors to our south. (See pictures of heartbreak in the Middle East...
...revealed last week that Geithner had failed to pay nearly $40,000 in taxes since 2001. When he appears before the Senate Finance Committee today for his confirmation hearings, he will be interrogated about his plans to deal with the flailing economy, failing banks and rising foreclosures. But the most disconcerting questions Geithner is likely to face may have to do not with the current financial maelstrom but with his track record with the Internal Revenue Service - an agency he would oversee as Treasury Secretary...