Hints and tips:
...Analysts expect the country’s economy to continue to slow in the medium term thanks to the property downturn and demographic decline....
...Perhaps its most startling observation is that “from 980 until 1840, the beginning of China’s modern history”, income per head declined. Ancient China was in a Malthusian trap....
...Meanwhile, the news on rental income was mixed....
...Altice USA’s chair Alexandre Fonseca has also stepped back....
...Earnings from the spread income it gets from managing insurance assets hit a new record in the second quarter....
...Only trophies and trash properties are trading. Valuations a bit hard to peg. It feels like a slow credit squeeze, not a violent crunch, with real estate near frozen rather than collapsing....
...Add in interest revenue on customer balances of £19mn and total income was £416mn, a year-on-year increase of 63 per cent....
...David Bell: It will stagnate, probably doing as badly as other advanced countries (USA excepted)....
...As the dust settles on the LDI crisis, many pension funds are now planning to sell more illiquid holdings, including property, private credit and stakes in buyout funds....
...The decision recognises digital assets such as NFTs as legal property....
...Reits, as they’re commonly known, are required by law to pay out most of their income every year in distributions. In return, they’re exempt from paying corporate taxes....
...He has lost at least $25bn over the past year as the property group’s financial woes deepened and Chinese president Xi Jinping’s common prosperity drive has sought to clamp down on debt and soaring property...
...They illustrate their argument by comparing the paths to success of the richest people in Mexico and the USA (p. 39)....
...Or they want to own their home through an LLC [limited liability company] — maybe a celebrity who wants to keep their identity private,” she says....
...Members are still debating what comes next, but the DAO’s lofty goals include widening access and lowering the costs of property ownership and developing new systems for public finance....
...Pinellas County will build and own the commercial property....
...“Its value to shareholders is driven by profits, not property.”...
...But an analysis by the law firm Simpson Thacher found that the arrangement would lower the taxes on the income going to an LLC partner in an Up-C — relative to a shareholder receiving dividends — by 7 percentage...
...He went on to write: “My thought is to lever up where we can, and try to generate some additional income. We may well need it . . ....
...Greensill disclosed in its administration filing earlier this week that Apollo had offered $59.5m for its intellectual property and IT systems, which would have involved it taking on “the majority” of the...
...Imagine, for example, if companies had to disclose their potential litigation risk around lending to the fossil fuel industry or developing waterfront property....
...They illustrate their argument by comparing the paths to success of the richest people in Mexico and the USA (p39)....
...But as in any crisis, the income statement tells only part of the story....
...However, one loan — the $6.5m mortgage on the Trump International Hotel at 1 Central Park West, New York — has been flagged as being at risk after income on the property dropped dramatically....
...The following year, Smith donated all of the untaxed income he had accumulated through the foreign shell company, about $200m, to his charitable foundation....
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