Some companies with leases that are ending this year or next appear to be kicking the can down the road, signing short-term extensions rather than committing to typical deals that last several years. In recent weeks, NBC Universal extended a lease for a secondary office at 1221 Avenue of the Americas and the Stroock & Stroock & Lavan law firm did the same for its office downtown. But they both did so for just a year, according to Colliers. A spokeswoman for NBC Universal declined to comment and Stroock & Stroock did not return a call and multiple emails. … [Read more...] about COVID-19 | Manhattan’s office buildings are empty. But for how long?
For the billionaire who already has everything else, it’s a rare opportunity to buy respectability—and, potentially, influence. Will Bezos owning the Washington Post insulate Amazon from the Federal Trade Commission? Probably not. But as the Biden administration (assuming Biden wins) weighs which tech giants to target, it’s hard to imagine nobody takes the link between Amazon and the Post into account. That’s why, if Mark Zuckerberg were truly ruthless (and by all accounts, he is), he would buy every mainstream media outlet he can get his hands on. Any acquisition would be seen for what it is, a naked political play for protection, but it could still hold real value, so long as he treated his new toys with respect. (A cautionary tale here is Sheldon Adelson, who sought to fully weaponize the Las Vegas Review-Journal and ruined its reputation in the process.) … [Read more...] about Bezos, antitrust, and the power of media patronage
There is also the threat of more tax and regulation in major markets, which could emerge as authorities seek new revenue to pay for the effect of coronavirus on their economies. The basis of the favorable market conditions is also open to question, as there is concern that the current strength of the stock markets isn’t based on strong economic fundamentals and is a bubble that’s waiting to burst. … [Read more...] about How Airbnb got its IPO plans back on track
Today, members can check if their employers have remitted the contributions deducted from their pay together with their share. This is possible by enabling the SMS option to the mobile number linked to their UAN. Through this, one can be assured of timely compliances by the employer and have the visibility to their PF account. Earlier, one had to wait to receive the PF slips which would be issued after the interest was credited at the end of the relevant financial year, and which would be issued about a year after the end of the financial year to know the status of their respective PF accounts. … [Read more...] about Digitisation of EPFO: How you can make provident fund transactions online with ease
The land lease sets out terms for any future sale of the property, letting the homeowner build equity through appreciation in value while ensuring the home remains affordable for future limited-income buyers. This sort of shared-equity model may not appeal to people who can afford open-market housing. But for those otherwise priced out of the housing market, it is an opportunity to build equity and wealth and establish credit and financial stability. … [Read more...] about This old but innovative form of real estate deal could help heal segregated cities