The stock of Gutnick’s company, LEGEND INTL HLDGS INC, has recently shot through the roof. Just 3 weeks ago, the stock, that trades on the OTCBB traded as low as $1.89 a share. On Monday the shares traded as high as $5.05 before closing at $4.46 on volume of 2.81 million shares. With at least […]
The Federal Reserve and two other banking regulators are set to unveil today one of the most aggressive efforts in decades to crack down on the credit card industry, prohibiting practices such as arbitrarily raising interest rates on outstanding balances.The proposed regulations, which could be finalized by year’s end, would label as “unfair or […]
In Brooklyn, half the paycheck is going to the landlord.
From Bensonhurst to Williamsburg, 30% of Brooklynites are spending more than half of their income on the almighty rent check, a new study shows. More than 167,000 Brooklyn renters paid much more in 2006 than what financial experts typically recommend spending on rent: 30% of annual […]
THE Hasidic enclave of South Williamsburg is a good place to be a shoe repairman. Several cobblers there make a living thanks to the distinctive formality of the local Hasidic Jews, a formality that spares only the babies. In a community where men and boys wear long, double-breasted coats with matching felt hats, where women […]
During a unique and impressive event, ‘Borsalino Italian Hats’ inaugurated its new branch in Yerushalayim. Rav HaKotel Rabbi Shmuel Rabinowitz and singer Lipa Shmeltzer were honored with the fixing of the mezuzot. Rabbi Rabinowitz congratulated Mendy Bostomsky who has 13 years experience in the business and Roi Goren.At the completion of the ceremony it was […]
Many US corporations are beginning to rethink the advantages of outsourcing call centers services for their customers. Does the lower labor cost overseas really justify the erosion in the company’s reputation among its domestic customers who may not be satisfied with the process or results of the interaction with those employees? The US market is […]
Short sellers profit by selling shares borrowed from a broker, which they hope to replace later with stock at a lower price. To close out their position, short-sellers need to buy shares to repay their broker loans. About 19% of Bear’s 115 million available shares were in the hands of short sellers as of the […]
As the heart of Brooklyn’s Caribbean and Hasidic Jewish communities, Crown Heights deserves its reputation as a cultural touchstone. It is home to the annual West Indian Carnival Parade as well as to the international headquarters of the Chabad-Lubavitch Hasidic movement.”Before, if you saw someone white, they were Hasidic; if they weren’t white, they were […]
“U.S. real estate markets are suffering a serious retreat because of the subprime mortgage crisis and resulting credit crunch in the United States - and Tel Aviv is showing a lot more demand for bonds than New York.Leser’s private assets are estimated at NIS 500 million, on top of any money he will raise on […]
A NEW YORK VISION.Three years ago, Shaya Boymelgreen had just 20 employees. Now, he has more than 200, and among his new purchases is 20 Pine Street, in downtown Manhattan.
In a little over two years, Shaya Boymelgreen, an Israeli immigrant who came to New York in 1969 to study at a yeshiva, has gone from […]
A report about the plans for the new condominium to be built on 580 Crown Street, showed up on a ‘New York Times’ article, following which, a COL correspondent interviewed Reb Mendel Dreizin the realtor involved in this project. “There is a large demand for apartments in Crown Heights’ he said at the interview held […]
The program creates a uniform application for mortgage brokers and a database that banking regulators, and eventually consumers, can use to track down brokers who try to work in one state after being banned from another. Consumers should have access by next year and 35 other states have committed to join the program by the […]
