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The home equity lines and credit cards used tofinance aggressive spending
The home equity lines and credit cards used tofinance aggressive spending are gone, resulting in a chunk ofspending that will probably not return for many years 3. Government Stimulus Paradox: Every dollar we borrow today willequate to more than a dollar out of future growth. When ratesincrease, the cost on the growing debt will eat up more and more ofthe GDP and it will be paid off by borrowing money, inflation, orincreased taxes, all of which will hamper growth. However, if thegovernment stimulus works, it will stimulate more growth today thanit harms in the future.While the economy is recovering, DeYoe says consumers should considerthe following actions: “Have a plan, know how much of your income can bespent and how much to save, let go of the buy and hold mentality, and donot be afraid of taking profits or cutting losses short and quickly.Maintain an ‘advance and protect’ investment strategy. Look for solidbalance sheets and dividends because as dividends are reinvested, thefoundation will be laid for the next advance.”About DeYoe Wealth ManagementDeYoe Wealth Management is a holistic wealth management firm that helpsclients make the right decisions for their financial futures. Servicesprovided include wealth planning, trust services, tax planning, riskmanagement planning, legacy and estate planning and philanthropicplanning.
Jonathan DeYoe is a Chartered Private Wealth Advisor and an LPLFinancial Registered Principal. Securities and Financial Planning offeredthrough LPL Financial, Member FINRA/SIPC. For more information, go to http:// Contact:Miriam SchafferThe Placemaking Group510-835-7900 x 207Email ContactCopyright 2009, Market Wire, All rights reserved.-0-. MIAMI–(Business Wire)–Terremark Worldwide, Inc. (NASDAQ:TMRK) today announced the successfulcompletion of the previously announced private placement of $420 million of its12% senior secured notes due 2017 at an issue price of 95.134%. The offering wasmade to qualified institutional buyers and to certain non-U.S. persons inoffshore transactions in accordance with Rule 144A and Regulation S under theSecurities Act of 1933, as amended.
Terremark used a portion of the net proceeds from the offering to repay in fullthe $254.2 million outstanding under its senior secured credit facilities andintends to use a portion of the net proceeds to repay at maturity $4.0 millionprincipal amount of its 0.5% senior subordinated convertible notes, due June 30,2009. The Company will use any remaining proceeds for working capital and othergeneral corporate purposes to support the growth of its business, which mayinclude capital investments to build out facilities and acquisitions ofcomplementary businesses. The notes and guarantees will be secured by first priority liens onsubstantially all of the assets of Terremark and its domestic subsidiaries. This press release is neither an offer to sell nor the solicitation of an offerto buy the notes or any other securities and shall not constitute an offer,solicitation or sale in any jurisdiction in which, or to any persons to whom,such an offer, solicitation or sale is unlawful. This press release is beingissued pursuant to and in accordance with Rule 135c under the Securities Act.
Statements contained in this press release may constitute “forward-lookingstatements” within the meaning of the Private Securities Litigation Reform Actof 1995. Terremark’s actual results may differ materially from those set forthin the forward-looking statements due to a number of risks, including theability to cross-sell across an acquired customer base, ability to increaserevenue yields within facilities, ability to refinance existing debt,uncertainties and other factors, as discussed in Terremark’s filings with theSEC. These factors include, without limitation, Terremark’s ability to obtainfunding for its business plans, uncertainty in the demand for Terremark’sservices or products, Terremark’s ability to manage its growth, and thesuccessful integration of operations of acquired companies. Terremark does notassume any obligation to update these forward-looking statements. Terremark Worldwide, Inc.Media Relations: Xavier Gonzalez, orInvestor Relations: Hunter Blankenbaker, Copyright Business Wire 2009. NEW YORK–(Business Wire)–Seyfarth Shaw LLP, one of America`s leading full-service law firms, todayreleased the following statement from Robert J. Nobile, Chair of Seyfarth ShawLLP`s Workplace Counseling & Compliance Solutions Practice Group, concerning theintroduction of the Employment Non-Discrimination Act (H.R 2981or ENDA) and itsimplications for employers.

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