_Economy and Finance

If all the economists were laid end to end, they would not reach a conclusion. - George Bernard Shaw (1856–1950)

03 Oct 2012 12:25 PM Natural Gas Liquid Prices Pressuring Midstream Profits Fitch Ratings-New York-03 October 2012: With supply continuing to outstrip demand, low prices on natural gas liquids (NGLs) are weighing on midstream processors' profitability. Fitch Ratings believes slowing NGL demand and lingering price weakness is likely to pressure profitability throughout the balance of 2012 and into 2013.

http://www.inc.com/eric-markowitz/why-san-francisco-is-so-start-up-friendly.html Moving On Up: Why Valley Start-ups Are Relocating to San Francisco BY Eric Markowitz Starting up? Don't head for the Valley. A culture shift is well under way, and San Francisco has become the new destination for Millennial entrepreneurs. THEN AND NOW: The Warfield Theater brought vibrancy to Market Street in the 1920s, then witnessed the neighborhood's decay before a recent resurgence, no small thanks to the start-up boom.

Worldwide Plaza Bids Coming in Slightly Below George Comfort’s Lofty Targets By Daniel Geiger 10/01/12 6:04pm Bids for Worldwide Plaza are coming in below the sky-high projections sellers George Comfort & Sons and RCG Longview had hoped for when the partners (finally) put the nearly two million-square-foot office tower on the market in recent weeks. http://commercialobserver.com/2012/10/worldwide-plaza-bids-coming-in-slightly-below-george-comforts-lofty-targets/

Greed is good. - Gordon Gekko , Wall Street(1987)

27 Sep 2012 4:08 PM CRE Losses Moderating for U.S. Financial Institutions Fitch Ratings-Chicago-27 September 2012: Four years after U.S. financial institutions' commercial real estate (CRE) loan portfolios began to come under extreme pressure during the credit crisis, moderate improvements in CRE loan loss performance are supporting steady but slow asset quality recovery for most U.S. financial institutions rated by Fitch. The trend is positive and reflects a view that the recovery in CRE will not be as financially painful as Fitch had previously expected, although the return to normalized levels of performance and growth may be more prolonged.

Happiness in intelligent people is the rarest thing I know. - Ernest Hemingway (1899-1961), “The Garden of Eden” Ch. 11