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JP Morgan

WSJ: “Amazon, Berkshire Hathaway, JPMorgan to Partner on Health Care”

Next:  Costco Does Health Care “Your margin is my opportunity.” –Jeff Bezos [Editor’s Note: Edina Realty is a subsidiary of a Berkshire Hathaway-owned entity.] For anyone horrified by spiraling U.S. medical costs, the just announced Amazon-Berkshire-JP Morgan initiative is welcome news. While the companies’ focus (at least initially) is to provide better care for their...
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Corollary to “Too-Big-to-Fail”: Too Small to Lend To

To Financial Giants, Everything is a “Micro-Loan” Three years ago, the federal government used tens of billions in taxpayer dollars to save the banking system. Now, at this dire economic moment, the country needs the banks to return the favor. –Joe Nocera, “Mr. Banker, Can You Spare a Dime?”; The New York Times (9/10/2011) It’s...
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Property Tax Millstone

“If you have to ask about the taxes . . .” Where: Park Lane in Minneapolis What/Where: 4 BR/BA Rambler with over 4,000 square feet just southeast of Minneapolis’ Cedar Lake How much: $799k list price Who (listed by): Agent/Broker — Robert Landis What jumps out at me skimming the stats on this new listing...
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Housing Bears Shift Arguments

Key Factors Now: Job Losses, Historical Precedent When it comes to predicting housing prices, I’m officially agnostic: in the short run, I have no idea what they’re going to do (and neither does anyone else). In the long run, I’m on record forecasting that they’ll be higher: historically, at least, that’s been a very safe...
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