GLG News by Infrastructure Construction Experts (North America)

The press is reporting on defaulted CDO’s and CMBS’ and Credit Default Swaps endlessly these days.  The referenced article is just one of the many occurring in almost every business paper and publication.  Now Michael Lewis has reported in the latest issue of Portfolio reports on the options-pricing...

Now a panel empowered by the U.L.I. has declared the old EMAC dead and the future of retailing to be provided in a planned environment housing not only retail but residents and the total commercial and industrial needs of the community.  Today that seems to mean that individual retail stores will...

The Editorial referenced presents a picture of treasury risk that is not understood and therefore not ratable at this time. The combination of insurance underwriting failures and leverage and ultimate liability, however, at the worst threatens to bust institutions holding portfolios when the losses...

 The modern mall is a creature that is usually now 35 or so years old.  The birth and evolution of the industry is chronicled in the featured article.  Originally some 1600 strong, the breed now numbers say 1100 and will diminish further as the next era evolves.

The featured commentary notes that even as home prices across the nation implode, affordability ratios are not moving in favor of the consumer.  Wages are lagging the increase in household budget items such as utility costs, food, transportation, gasoline and heating oil, communications services...

At the same time the subject article was running, the New York Times and Los Angeles Times printed articles about the Federales pursuing the gangs on Tijuana’s streets and the mayor taking gunfire at home. This vast country of say 50+ million is looking more and more like its third world cousins...

People and businesses acquire "things" that are delivered via trucks.  People and businesses are acquiring fewer items in a downward trending economic market, as they brace for tough time ahead and work to increase their savings and reduce spending.  With all recent economic trends heading...

Finally we have the first forecast of a housing recovery that seems believable. The five year forecast for Phoenix appeals to my sense of reality and I agree. I also agree that we will forget the current pain and euphoria will reign again.

No matter the price or terms of the B of A-Countrywide transaction, you’ve now got a combo that dominates the market in a way that looks like GM/Ford/Chrysler in the auto industry. In a business that was traditionally fragmented, twenty years of Wall Street activity in the era of the PC has rolled...

Every city has this problem. The public sector has little capability to meet the needs for streets, sewers, water systems, power grids and the other backbone items required to open for business every day. What’s fundable is patchwork and it appears we’re patching the patches too often now.