I'm not a fan, I'm a huge fan of Tony Bennett. He will be pairing up with Michael Buble, Carrie Underwood, Norah Jones, Amy Winehouse, Mariah Carey, Natalie Cole, Willie Nelson, John Mayer, K.D. Lang and others. The sessions were filmed for a TV special. Tony is 85 years young.
April 10th the FOR LEASE sign goes up on the Ultimate Electronics building in Tigard. The entire industry is upside down in debt and soft sales and that includes the leading giant "Best Buy". Nobody can win at this low margin & high overhead game. We could see the small mom & pop electronics store return to the scene or it will be 100% on line. Another sad commentary for retail. Mark Wattles did not have the big bucks behind Ultimate Electronics, it was HP who wanted their products placed in key spots throughout the store. Will the human factor be totally lost? Think about what categories have been murdered by the faceless web. Newspapers, Travel Agents, Book Shops, Music Shops, Electronics, Video Stores and the list goes on & on. Sad state of affairs in this new world.
Jared Kushner who is married to Trump's daughter Ivanka plucked down 1.8 billion bucks for the 666 Ave Building and paid the highest price ever for a single building. Now he is dealing with the consequences, with cash running low the 30 year old developer is scrambling to hold on to 666 Fifth. He has a mortgage of 1.2 billion dollars and only 10 million remains in reserves. The Kushner family is rich in assets and is expected to bail the kid out. The building has annual revenues of only 30 million dollars.
The Kushner family have quite a history. The grand father, a Holocaust survivor, emigrated to the US in 1949 and became a construction worker. His hard work and aquiring property built a dynasty. The family business was valued at over 1 billion when it was run by the second generation, jared's father, Charles Kushner. In 2006 they cashed out on 16,760 apartments selling them for 1.9 billion. New to the business, the young Kushner then 26 took the lead buying 666 Fifth Ave from land developer Tishman Speyer. The price he paid was the highest ever for a Manhattan building.
We get to meet all the gangsters and thugs that took this country down and not one of these high ranking bastards have served one minute behind bars. The cast of Wall Street arrogant thieves include Hank Paulson, Robert Rubin, The genius Greenspan, Timothy Geithner, Larry Sommers and many others including high end whorehouses that were charging the big banking firms $5,000-$10,000 a girl. They had over 10,000 clients from the Banksters on Wall Street. This movie will absolutely blow your mind. This is one of the best documentaries ever made. This won the Oscar and was well deserved.
* Never trust any reviews and ratings of corporations. The companies PAY the writers to lie. This country is owned and operated by these gangsters and with this current administration that promised CHANGE, it is the same drill by the same gangsters including Timothy Geithner.
In one scene they report that Hank Paulson made himself a few hundred million and did not have to pay any taxes on the income. How do you like that one? Watch it yourself and see if I'm making this up! Disgraceful.