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North Bay Village, Florida, offers a selection of accommodations to suit various preferences and budgets. Here are some hotels in and around the area:

North Bay Village, FL
A midscale, smoke-free hotel featuring a heated outdoor swimming pool, exercise room, and on-site restaurant and lounge. Conveniently located 12 miles from Miami Airport.

North Bay Village, FL
A clean and safe accommodation option with street parking, located 20 minutes from Miami. Guests appreciate its convenient location and friendly staff.

North Bay Village, FL
Offers spacious apartments with excellent views of Biscayne Bay, easy parking, and a well-equipped kitchen. Ideal for families and longer stays.

North Bay Village, FL
Provides large rooms with comfortable accommodations, including kitchen facilities. Guests enjoy the home-like atmosphere and good cleaning service.

North Bay Village, FL
Offers budget-friendly accommodations with basic amenities. Some guests have noted areas for improvement in cleanliness and maintenance.

These options provide a range of amenities and price points to cater to different traveler needs in North Bay Village.

Why Common Sense is Not So Common- The Failure of Due Diligence

The collective failures of the Bernie Madoff ponzi scheme and the collapse of the real estate markets share one common thread: the unwillingness of most commercial investors to perform even basic due diligence on their asset purchases.
I’ll start with Bernie Madoff’s ponzi scheme. Madoff’s scheme continually raised red-flags which were ignored, even by his most sophisticated clients, the feeder-funds which funneled huge sums of money into his ponzi scheme. Even a cursory examination would have revealed that his auditor was a local CPA who was housed in a tiny office. That fact alone should have sent prospective investors running for the exits.
Any individual or organization with millions of dollars to invest is surely sophisticated enough to understand that comprehensive audits of large organizations, such as Mr. Madoff’s, require teams of auditors and large audit firms with the organizational background and experience to complete the audits. A two-person office, even working 60 hours a week for an entire year, likely could not have completed an audit of Madoff’s organization.
Sophisticated feeder funds should have performed extensive due diligence, verifying and independently confirming trade tickets. Their failure to do this is inexcusable, given the purported “monitoring” services being provided to their clients and the fees collected. This, in addition to the most obvious flags of all: that Madoff’s operation would have consumed more options than those publicly traded and purchased on a daily basis. Surely, this calculation could not have been too difficult for these sophisticated organizations. Let’s not even discuss the most obvious flag of all: the near flawless, steady returns that never wavered or spiked. These “smooth” returns should have spurred current and prospective investors to dig deeper and fact-check their portfolios.
Commercial real estate investors, at least those attempting to flip condo’s and other commercial properties, continue to ignore the most obvious red-flag of all: how will they make money from this asset purchase? Assets make money only when they appreciate in value, or, they produce a steady stream of revenue that is non-volatile and which will increase over time. Those investors wading back into the real estate market must ask themselves: if few bulk condo deals have occurred, at least in South Florida, do the largest institutional investors understand basic principles, which other buyers have ignored?
The answer is easily yes, most institutional buyers certainly do understand market fundamentals, which “momentum” investors have ignored or rationalized. This understanding has led institutional investors to conclude that most condo developers are still selling their units at prices which will not ensure positive cash flow and even marginal returns on these bulk purchases. They also understand that rising notices of defaults (at least in South Florida) will eventually lead to increased foreclosure activity, and that the coming Option Arm loan tsunami could swamp the real estate market more painfully than even the subprime debacle. Finally, they understand that in some real estate markets, no asset appreciation will occur for years, perhaps decades.
The common thread between Bernie Madoff and real estate investing is that both investor groups failed (and continue to fail) to perform even minimal due diligence or exercise common sense, choosing instead to rely on the momentum generated by “word-of-mouth” or their “trusted” business advisors. Whether the red-flag is a badge of fraud or merely an indicator of poor business judgment, “market momentum” seems to have replaced judgment. In an increasingly complex world, due diligence and common sense have now been largely abandoned or ignored.
Even sophisticated investor groups oftentimes rely on “check-the-box” due diligence, largely performed by inadequately trained foot soldiers. In isolation, numbers, figures and statistics mean very little, and provide false security when their context is ignored. Counter-intuitively, it seems like the more money requested, the less questions people ask. These failures and frauds will continue to occur as long as investors continue to ignore the red flags that always appear in the face of danger, but which are nearly always rationalized or dismissed.

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Manipulating the Markets

In a lengthy expose, Rolling Stone.com columnist Matt Taibbi explores Goldman Sachs’ role and participation in every major economic cyclical expansion and bust throughout the last century.
His thesis is quite simple, that Goldman has managed to position itself to gain from every major speculative bubble this century by manipulating the regulatory structures and regimes, all with the tacit approval of our government and politicians. Goldman has managed to secure this approval by positioning its minions deep inside government and in highly influential private and public positions. The number of senior Goldman executives who occupied high level government positions or have become executives at other financial services firms is staggering: Robert Rubin, Bill Clinton’s former Treasury secretary and former Citibank chairman; John Thain, chief of Merrill Lynch; George Bush’s last Treasury secretary, Henry Paulson, who was Goldman’s CEO; Joshua Bolten, Bush’s chief of staff, and Mark Patterson, the current Treasury chief of staff. This is just the short list, and does not include dozens of other, less senior executives.
Taibbi explores the major economic bubbles that created, and destroyed vast wealth this century: the Great Depression, the internet tech bubble, the housing bubble and the oil and commodities bubble. Goldman’s exploitation of these bubbles was aided and abetted by a complicit government, and Taibbi repeatedly demonstrates that it was the failure of government (after intense lobbying by Goldman and its cohorts) to properly regulate the financial markets that led to these speculative excesses. Government’s unwillingness to regulate or police the financial markets and the resultant weak or ineffectual limits that were implemented are a form of structured fraud. The dismantling of many regulatory regimes that previously limited or otherwise prevented these excesses created these opportunities, and Taibbi painstakingly details the history of Goldman’s manipulation of the lax or ineffectual regulatory structure. Structured fraud has altered the financial playing field in this country to such a degree that the masses (that’s you and I) have little hope of leveling the playing field without great assistance or significantly enhanced legal structures that currently don’t exist. Structured fraud has been systemically woven into the current financial regime, and it’s all quite legal. This article is a “must-read” for anyone who wants a penetrating understanding of how our financial system has been manipulated for decades.

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The Next Shoe to Drop?

Jonathan Weil at Bloomberg has written a shorter but equally compelling piece that discusses the often arcane and incomprehensible world of bank asset valuation.
In a well written and simple to read commentary, Mr. Weil notes that pending FASB accounting changes, which would require quarterly disclosure of bank assets’ fair values (as opposed to historical values) could dramatically revise downward the value of bank loans on their balance sheets. In many cases, these downward valuations could effectively eliminate shareholder equity, and lead to technical insolvency for many of these banks. As Weil highlights, current FASB rules permit most banks to carry these loans on their balance sheets at historical cost under a complex regime that allows management great latitude in recognizing loan losses. Under the proposals, these loan losses would be immediately recognized and lead to lower earnings. Weil notes that the disparity between historical book values and fair market values is so great that many banks, including many of our largest institutions, might become technically insolvent, and shareholder equity destroyed. This article dramatically underscores how easily manipulated our financial statements have become, and how even in-depth analysis of these statements by supposedly “sophisticated investors” is largely meaningless as a guidepost for prospective investment decisions. Without accurate and meaningful financial reporting, the numbers might as well be written in Cyrillic for all their purported value. This change is long overdue.

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Were We Lied To?

The well-respected Center for Economic and Policy Research (CEPR), led by economist Dean Baker, has conducted an in-depth study of small business growth in the industrialized “first world”.
The study soundly debunks the myth that the United States has historically been a magnet for small-business creation due to its unfettered and unrestricted small business development policies and laws. Incredibly, the United States is actually near the bottom in every measure of small business creation. The United States has the second lowest share of self-employed workers, at 7.2%, leading only lowly Luxembourg in this category. The French economy, often the target of ridicule for its purportedly anti-free-market tendencies, is above the United States, at 9.0%. The United States also ranks poorly in other measures: it has among the lowest shares of employment in small businesses in manufacturing. These findings are dramatic, and underscore the continued destruction of manufacturing in the United States and the industry consolidation occurring as a result of big-box retailing and non-retailing enterprises. Competitively, US small businesses are traditionally unable to compete against big-box national retailers for market share, a less significant problem in other industrialized economies.
Interestingly, the CEPR believes that the United States’ comparative anti-competitiveness is largely due to the high-cost of the US healthcare system, which makes health care largely unaffordable to small businesses. The rest of the world’s “rich” economies have some form of universal access to health care, and small business owners are freed from the burden of this significant worry. The long-term cost of this deterrence to small business formation will be costly, as small business creation will remain weak and ineffectual, notwithstanding the “spin” and hyperbole associated with this facet of our economy. If the United States is unable to resolve its health-care dilemma, it will pay a very heavy price, as most of its workers will become dependent on the relative generosity of big-box America.

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Miami Personal Injury Lawyer: What kind of car insurance do you need in Florida?

Thank you for contacting my Florida car accident injury law firm about your potential claim. I have been representing people who were injured and sadly killed in car crashes across the State of Florida for over twenty years. Your question is the most commonly asked and often the most difficult to answer.
The first issue is determining who is at fault for the crash. Sometimes it is very clear, like in the case of a rear-end truck accident. Other times, it is very complicated and requires an investigation utilizing expert accident re-constructionists and bio-mechanical engineers, and gathering statements from witnesses and police officers. Even then, it may require a judge or jury to determine who is at fault.

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