Archive for June, 2008

Detroit – Inn on Ferry Street: Business Centre


My abode for my last two days in Detroit was the Inn on Ferry Street, a beautifully renovated complex of six historic buildings. It encompasses four mansions as well as two carriage houses that were each built for prominent Detroit families. After many years of languishing, these buildings have been re-functioned into 42 stunning guest rooms. Ferry Street itself is a historic street in the Midtown Detroit District, which is also referred to as Detroits Cultural Centre. It is surrounded by a large number of museums, including the Detroit Institute of Arts, the Museum of African American History, the Detroit Historical Museum, the Main Branch of the Detroit Public Library, the Detroit Science Centre and the Museum of Contemporary Art Detroit. I had a chance to sit down with Sue Mosey, the driving force behind the renovation of the six buildings that make up the Inn on Ferry Street. Sue is an urban planner and the President of the University Cultural Center Association, a non-profit organization that has aided in planning and developing nearly $400 million in new residential projects in Detroits Midtown area. Under the guidance of the University Center Cultural Association, the Inn on Ferry Street was renovated at a cost of about $8.5 million and today features 42 gorgeously designed guest rooms, a large breakfast room (breakfast is included free of charge), a business centre with complimentary meeting space for guests and great common areas in all the buildings that allow

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Finance


A world of opportunities awaits you with a degree in finance from Western. The Finance program prepares students for exciting, challenging and rewarding careers in banking, insurance, financial management and investments. Graduates from this program obtain positions in banks, credit unions, investment firms, insurance companies, finance companies and corporate finance departments. Some of the responsibilities of graduates include reviewing financial and operating statements, analyzing credit data, reviewing investment options, marketing insurance products, and approving loans.

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The Birth of the Speculator P3


Speculation (in a financial context) is the assumption of the risk of loss, in return for the uncertain possibility of a reward. Only if one may safely say that a particular position involves no risk may one say, strictly speaking, that such a position represents an “investment.” Financial speculation involves the buying, holding, selling, and short-selling of stocks, bonds, commodities, currencies, collectibles, real estate, derivatives, or any valuable financial instrument to profit from fluctuations in its price as opposed to buying it for use or for income via methods such as dividends or interest. Speculation represents one of four market roles in Western financial markets, distinct from hedging, long- or short-term investing, and arbitrage.

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