Holiday Edition

Holiday Note

We have reached the half point of the year and we get a 3-day weekend to celebrate the event. May everyone have a safe and happy fourth. Enjoy the food, the company and your families.

GMAC Confirms Manpower Study

GMAC announced the results of a recent survey by Manpower. Many of the financial services firms are still relocating human capital around the world with a dual concentration on reducing costs and selecting the right person. Part of this process is the use of standardized policies. Driving this is a perceived lack of local talent int he emerging markets.

Prudential California closes offices

According to the Marin Independent Journal, Prudential California has made the decision to close their offices in Marin California due to the slowdown int he real estate markets. The move will affect 24 agents who will be moved to other offices within the chain.

Colorado Withdraws Transfer Tax Proposal

The intention of the state government was to place on the November ballot an Initiative which would place a new tax on the transfer of real estate. The intent of the new tax was to fund affordable housing within the state. State officials on July 2nd made the decision to remove the initiative from the ballot.