He says vacuum sealed tubes running on magnetics wouldn't work because it's too hard to vacuum seal a 700-mile tube. One leak, and you're toast. Pneumatic tubes wouldn't work, either, because "the friction of a 350 mile long column of air moving at anywhere near sonic velocity against the inside of the tube is so stupendously high that this is impossible for all practical purposes. "
The percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California dropped to 36 percent in the second quarter of 2013, down from 44 percent in first-quarter 2013 and from 51 percent in second-quarter 2012, according to C.A.R.’s Traditional Housing Affordability Index (HAI). The second quarter 2013 figure fell below 40 percent for the first time since the third quarter of 2008.
We reported yesterday that AOL's hyper-local news service would lose hundreds of employees today, and now we have confirmation from a well-placed Patcher privy to the call that AOL CEO Tim Armstrong did indeed confirm to employees that hundreds...
Christine Davis has been named Baird & Warner’s director of career services, working with broker associates across Chicagoland to advance their careers within the brokerage. A top producing agent for 17 years, Davis has spent the last eight years working one-on-one with Chicagoland real estate professionals.
A slate of candidates for the Illinois Association of REALTORS® Board of Directors has been selected by the organization’s Nominating Committee and Advisory Council, a move that will take the board from 106 members to 28 voting members.
Wow. I am in total awe of the upcoming Google Glass invention. I just heard about it a few days ago, and after reading today’s infographic, I must say that I am thoroughly impressed. Google glass seems like a futuristic contraption straight out of a sci-fi movie! Google glass is a pair of glasses frames with a small lense at the end. With this lense, you’ll be able to record videos, take pictures, access your email, look up directions, and probably a whole lot more that we don’t even know about. MIND BLOWN!
Entrance into the publishing business isn't the only thing Amazon CEO Jeff Bezos is getting out of his planned $250 million purchase of The Washington Post. As part of the acquisition, he'll also get a slew of offices, warehouses, and development land in the Washington, D.C., area. The Post also sold more than 700,000 square feet of industrial space and more than 60 acres of land to Bezos.
There are a few unfortunate retirement stereotypes out there that can keep would-be retirees from pursuing that life they've always dreamed of. The idea that you have to be in some far-flung cluster of fellow non-workers puttering around in a golf cart, "island car" convertible or another generation's Cadillac is not only narrow-minded, but no way to approach yourfixed income.
Coldwell Banker Residential Brokerage is pleased to announce that Rachel Bailey and Jane Shawkey have joined their Gold Coast office. They will be marketing the condominium units at The Ritz-Carlton Residences on Michigan Avenue through the Coldwell Banker Previews International program. Nicholas Myers has joined the LaGrange Office, and Candace Taylor will be working in the Highland Office.
Fannie released their second quarter results this morning. In their SEC filing, Fannie reported their Real Estate Owned (REO) declined to 96,920 single family properties, down from 101,449 at the end of Q1.
The sunglasses-like augmented reality platform that Mountain View-based startup Atheer Labs announced in May doesn’t share the same polish as Google Glass. At least not yet, as it is not expected to launch to consumers until the end of next year. But it is wilder in its scope: Instead of putting information on a screen at the edge of your vision, Atheer lays it over reality in 3D. It’s an effort at true augmented reality, unlike Google Glass.
Canada’s smartphone industry pioneer BlackBerry is giving a lot more thought to taking the company private, according to a new report from Reuters. The strategy has been tabled before, but CEO Thorsten Heins and the BlackBerry Board of Directors are increasingly mulling the possibility of paying off shareholders and structuring a private equity deal to give them a chance to avoid continued public scrutiny.
County boards of review – the agencies mandated to hear property assessment appeals – are required by state law to annually craft and promulgate rules “for the guidance of persons doing business with the Board and for the orderly dispatch of business.”
We hear a lot of stories about people using Google Glass, sometimes for awesome reasons and sometimes to the horror of their friends and coworkers. But here's one that really shows how the device can help someone.
Mortgage giant Freddie Mac reported a $5 billion net income for the second quarter of this year — the second-largest profit in its history — and says it will pay a dividend of $4.4 billion to the U.S. Treasury. So far, Freddie Mac has paid back $41 billion of what it owes to taxpayers. It still owes $30 billion more, and company officials say it hopes to continue paying that down this year.
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