Prominent investor Richard LeFrak,head of The LeFrak Organization,who is ranked number 212 on the Forbes list of billionaires,is a man of many business insights.For instance,he notes that the Chinese are going from a rural to an urban setting,and that's a tremendous change in the population.We wish the people well.The Chinese government has its own agenda,in Mr.Lefrak's view:to stay in power.
Mr.LeFrak says it's a good time to own a bank with a clean balance sheet.They've been investing money in certain banks,such as Bank United in Florida and Metro Bank in London.The London bank is friendly,open seven days a week.They will open 12 branches in the next two years.It's meant to be a nice place to hang out.
The Lefrak Organization has a property in Panama City,Florida.They're struggling because,what with the oil spill,no one wants to commit to travel.It's having a serious effect on the market now.They went from 80% pre-book to 30% pre-book for Memorial Day.This is the high season for that part of the world.
Mr.Lefrak has an easy,unaffected manner on his business television appearances.His family business,The Lefrak Organization,founded in 1901,builds and owns a vast amount of real estate in the New York,Los Angeles and London metro areas.It focuses on residential and office property,but its affiliates also own substantial hotel and retail assets.LFO has an investment management division as well,combining traditional merchant banking with value-based equity and fixed income investing strategies.Since 1971,LFO has been a major investor in oil and gas holdings.
Sunday, June 13, 2010
Jobs Alert:Health Plan Support Positions
An affiliate of CareFirst,Inc.,the parent of CareFirst BlueCross BlueShield,Service Plan Administration Services Corporation,has multiple openings in Information Technology,Accounting and Compliance.SBPASC provides business processing and technology infrastrucure for a leading Federal employee health plan,the Blue Cross and Blue Shield Service Benefit Plan.SBPASC is a financially strong organization,fully invested in maintaining its leadership position.The opportunities are in software engineering,architecture,requirements analysis,configuration management,automated testing,technical management,accounting and compliance management.
See where they can take your career.An open house will be held on Wednesday,June 23 from 4-8 p.m. at
1280 Maryland Ave.,SW
Washington,DC
To learn more,visit www.SBPcareers.com
See where they can take your career.An open house will be held on Wednesday,June 23 from 4-8 p.m. at
1280 Maryland Ave.,SW
Washington,DC
To learn more,visit www.SBPcareers.com
Thursday, June 10, 2010
Warfarin Substitute Shows Promise
Bristol-Myers Squibb and Pfizer have agreed to stop a Phase 3 trial of investigation agent apixaban in patients with atrial fibrillation,or irregular heartbeat,who are at risk of blood clots and stroke.An interim analysis showed clear evidence of a clinically significant reduction in stroke and blood clots in AF patients.These patients were considered intolerant of,or unsuitable for,vitamin K antagonist therapy,such as Warfarin,and received apixaban rather than aspirin.The analysis also showed apixaban is as safe as aspirin.
The study was conducted in 36 countries by the Population Health Research Institute,which is affiliated with McMaster University in Hamilton,Ontario and Hamilton Health Sciences.Further analysis of the study and an effort to publish and present the results are ongoing.
Pfizer and Bristol-Myers Squibb have been collaborating on the development and commercialization of apixaban since 2007.Apixaban is an oral anticoagulant discovered by Bristol-Myers Squibb.
Pfizer(PFE),Bristol-Myers Squibb(BMY)
The study was conducted in 36 countries by the Population Health Research Institute,which is affiliated with McMaster University in Hamilton,Ontario and Hamilton Health Sciences.Further analysis of the study and an effort to publish and present the results are ongoing.
Pfizer and Bristol-Myers Squibb have been collaborating on the development and commercialization of apixaban since 2007.Apixaban is an oral anticoagulant discovered by Bristol-Myers Squibb.
Pfizer(PFE),Bristol-Myers Squibb(BMY)
Sunday, June 6, 2010
Japan's New Leader Matters
Who leads Japan matters to Ed Rogers of Rogers Investment Management,and it matters to the rest of the world.Naoto Kan,the new Prime Minister,is a decisive leader,and we need decisive leadership in Japan,Mr.Rogers feels.A finance minister background such as Mr.Kan's is very good,not just for understanding Japan,but also the rest of the world.
Change is always scary,Ed Rogers observed.The reality is,Japan is a very,very cheap market.Everyone is excited at the opportunity for positive change that we have in Japan right now,Mr.Rogers thinks.
Japan is the world's second-largest economy behind the United States.It has had trouble in recent years finding stable leadership at the top.The new Japanese Prime Minister,Naoto Kan,who leads the Democratic Party of Japan,supports the controversial maintenance of a U.S. military presence on the island of Okinawa,where the U.S. Marines have had a base since World War II.While many Japanese oppose the big base,others think it provides needed jobs to the area.
Naoto Kan was sworn in at the Imperial Palace today,and his cabinet was sworn in at a separate ceremony.He wants to visit Washington next month to emphasize the importance of the Japan-U.S. relationship.
Change is always scary,Ed Rogers observed.The reality is,Japan is a very,very cheap market.Everyone is excited at the opportunity for positive change that we have in Japan right now,Mr.Rogers thinks.
Japan is the world's second-largest economy behind the United States.It has had trouble in recent years finding stable leadership at the top.The new Japanese Prime Minister,Naoto Kan,who leads the Democratic Party of Japan,supports the controversial maintenance of a U.S. military presence on the island of Okinawa,where the U.S. Marines have had a base since World War II.While many Japanese oppose the big base,others think it provides needed jobs to the area.
Naoto Kan was sworn in at the Imperial Palace today,and his cabinet was sworn in at a separate ceremony.He wants to visit Washington next month to emphasize the importance of the Japan-U.S. relationship.
Early Edition:Geithner Sees Better Times
Treasury Secretary Timothy Geithner took a message of optimism to the weekend's G-20 meeting of finance ministers and central bankers in Busan,South Korea.Mr.Geithner says the Europeans have the ability and the political will to solve the debt problem.We're in a much stronger position today to get through this.He thinks we have in place a moderate but pretty strong recovery to deal with this.
These new rules on capital and liquidity are gonna be the most important elements of reform around the world,Mr.Geithner believes.We want these financial firms to run much more conservatively,yet support businesses.We want to bring the world to higher standards and a level playing field.U.S. firms have much stronger capital positions today.The economy has been growing now for four quarters.All the indicators suggest improving job growth.The broad numbers show steady strong improvement and confidence that will translate to better times for the average American,in Timothy Geithner's opinion.
Mr.Geithner called for other countries to re-balance growth in order to create sustainable growth.The U.S. is moving aggressively to fix things we got wrong and to strengthen our economic fundamentals.Americans are strengthening their savings,so other countries must generate more internal consumption to take up the slack.
Mr.Geithner was warmly greeted by Jean-Claude Trichet,President of the European Central Bank,at the international conclave in Busan,South Korea.
These new rules on capital and liquidity are gonna be the most important elements of reform around the world,Mr.Geithner believes.We want these financial firms to run much more conservatively,yet support businesses.We want to bring the world to higher standards and a level playing field.U.S. firms have much stronger capital positions today.The economy has been growing now for four quarters.All the indicators suggest improving job growth.The broad numbers show steady strong improvement and confidence that will translate to better times for the average American,in Timothy Geithner's opinion.
Mr.Geithner called for other countries to re-balance growth in order to create sustainable growth.The U.S. is moving aggressively to fix things we got wrong and to strengthen our economic fundamentals.Americans are strengthening their savings,so other countries must generate more internal consumption to take up the slack.
Mr.Geithner was warmly greeted by Jean-Claude Trichet,President of the European Central Bank,at the international conclave in Busan,South Korea.
Jobs Alert:Grant Thornton Positions
Grant Thornton is holding a Financial Management Career Invitational in Alexandria,Virginia on Thursday,June 24.The climate is ripe for people passionate about working to improve government today.They have successfully won new contracts and extended existing ones-all to realize their ambitious growth plans in the world of management consulting for the public sector.A bachelor's degree is required,as well as 3 years of experience,including experience in at least one of the following areas:
Activity Based Costing
Budget
Budget Formulation
Cost Modeling
Cost Accounting
Federal Financial Management
Send your resume now to be scheduled for a private interview with program managers on June 24.Submit resume and salary requirements to gpscareers@gt.com
Activity Based Costing
Budget
Budget Formulation
Cost Modeling
Cost Accounting
Federal Financial Management
Send your resume now to be scheduled for a private interview with program managers on June 24.Submit resume and salary requirements to gpscareers@gt.com
Thursday, June 3, 2010
Not Your Grandfather's Dentistry
Dentistry today has gone far beyond pulling teeth and filling cavities,as important as these basic procedures are.One example of this is the amount of research being done at USC's Herman Ostrow School of Dentistry.The school recently advanced its ranking on the funding list of the National Institute of Dental and Craniofacial Research,one of the National Institutes of Health.The dental school's research funding rose from 3.2 million in 2008 to nearly 5 million in 2009,moving its rank up to third among private dental schools.
The USC dental research faculty is working on such areas as dental disease diagnosis from saliva,stem cell utilization in wound healing,and creating a comprehensive craniofacial genetics database,among other projects.Dr.Yang Chai is Associate Dean of Research at the school and Director of the Center for Craniofacial Molecular Biology.Dr.Chai attributed the ranking advance to a team effort by the creative and ingenious research faculty.This increase in federal funding in a difficult and highly competitive economic environment tells you about the quality of research the USC dental school is conducting,Dr.Chai observed.
The USC dental research faculty is working on such areas as dental disease diagnosis from saliva,stem cell utilization in wound healing,and creating a comprehensive craniofacial genetics database,among other projects.Dr.Yang Chai is Associate Dean of Research at the school and Director of the Center for Craniofacial Molecular Biology.Dr.Chai attributed the ranking advance to a team effort by the creative and ingenious research faculty.This increase in federal funding in a difficult and highly competitive economic environment tells you about the quality of research the USC dental school is conducting,Dr.Chai observed.
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