Word: sales
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Dates: during 2000-2009
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...Palm Beach County, buyers who find fire-sale bargains at foreclosed-home auctions - picking up, say, $400,000 houses for $100,000 or less - are realizing they're required in many cases to pay the same property taxes if the homes were still valued...
...element of confusion, if not contention, is the tax bill due on dramatically discounted homes bought at foreclosure auctions. Those purchases, which represent about 40% of new home purchases in Florida now, are driving any home-sale revival the U.S. is seeing (even if they also help drive down surrounding home prices). But in many if not most cases, people buying foreclosed homes have budgets "that can afford the taxes on a $100,000 house but not necessarily a $400,000 house," notes Brian Paul, CEO of the Realtors Association of the Palm Beaches. Of course, Palm Beach County executives...
...which have been hit hard by the collapse of U.S. consumer spending - were asked to cough up more collateral when renegotiating loans, while other marginal customers were denied further credit. To strengthen the bank's financial position even more, Sands raised $2.7 billion in capital through a December share sale, raising the bank's key "tier one" capital ratio to 10.1%. (An 8% ratio is considered healthy.) Jaspal Singh Bindra, StanChart's Hong Kong - based CEO for Asia, says that previous downturns like the 1997 Asian crisis made management especially wary of financial-system turmoil. "We learned that when there...
...With annual income from the sale of his and his catalog's music at around $19 million, according to the Wall Street Journal, Jackson was still stretched. When the singer defaulted on a loan in March last year, pushing Neverland into foreclosure, private-equity firm Colony Capital stepped in to bail him out. The 50 concerts planned for London later this year could have netted Jackson as much as $100 million, with a possible world tour to follow generating five times that amount. To Jackson's debtors, if not to the singer himself, that sure would have added...
...news of Michael Jackson's sudden death dominated Friday morning television programs in Japan, Tokyo music stores didn't miss a beat. The singer's death has already spurred album sales worldwide. The HMV display was hastily set up in the Summer Sale section with more than ten of Jackson Five and Michael Jackson solo albums. A sign read: "MICHAEL IS FOREVER. R.I.P. JACKO." (See Michael Jackson's top 10 songs...