As the President’s advisor on Homeland Security, I am passing along the following message from Kathleen Sebelius, Secretary of Health and Human Services, Janet Napolitano, Secretary of Homeland Security, and Arne Duncan, Secretary of Education, who are leading the efforts to prepare our Nation for the coming flu season. Fellow Americans, This spring we were [...]
The distressed debt conundrum
06 July 2009 8:59 AM By Joel Ross HotelNewsNow.com columnist Everyone expected floods of distressed debt and foreclosed commercial real-estate properties coming to market, and many bankruptcies. Here are things that have actually happened. In almost every loan agreement for the past 16 years, there’s a carve out that says if the borrower files voluntary [...]
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