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Leaders of GM, Ford among opponents of Michigan voting restrictions Lansing — General Motors Co. and Ford Motor Co. are among the leaders of three-dozen major Michigan-based companies that voiced their opposition Tuesday to Republican-sponsored election bills that would make it harder to vote in Michigan and other states. But the Senate's GOP leader indicated Tuesday they would press forward with the proposed changes in a bid to guarantee every vote is "handled and counted the same."  In a joint statement, the businesses said they are united for principles such as equitable access to ...

Seven Must Reads for the CRE Industry Today (April 5, 2021) The Wall Street Journal looks at how investors in the single-family rental market are snapping up a significant share of houses on the market. A major skyscraper in London is on sale—providing a test for the appetite for office investment, reports Daily Business. These are among today’s must reads from around the commercial real estate industry. If You Sell a House These Days, the Buyer Might Be a Pension Fund “From individuals with smartphones and a few thousand dollars to pensions and private-equity firms with billions...

(March 7): Elon Musk set records last year for one of the fastest streaks of wealth accumulation in history. The reversal is underway and it’s steep. The Tesla Inc chief executive officer lost US$27 billion since Monday, as shares of the automaker tumbled in the selloff of tech stocks. His US$156.9 billion net worth still places him No. 2 on the Bloomberg Billionaires Index, but he’s now almost US$20 billion behind Jeff Bezos, who he topped just last week as world’s richest person.

We are already aware of Federal Reserve Chairman Jerome Powell’s stance on rates and inflation (at least for the immediate future). That loose monetary policy has the potential to inflate a big asset bubble on its own. But that isn’t the only Fed policy that could be (at least indirectly) wreaking havoc on the economy. The first Fed stimulus was issued in March 2020 to prop up the economy in the midst of the pandemic. A second stimulus was issued in January 2021. Both seem to have set the stage to turn the markets into an overvalued “casino,”  and here’s why…

His US$156.9 billion net worth still places him No. 2 on the Bloomberg Billionaires Index.. Read more at straitstimes.com.