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Issue of May 7, 2007 |     |
Forging AheadThe hammers of reform are pounding loudly. In the wake of the subprime mortgage market meltdown, a reshaping of policies, practices, programs, rules and regulations in lending was inevitable and now is fully under way. The Wearing of the Green By Hubert Murray Last month Mayor Michael Bloomberg announced PLANYC 2030, a blueprint for New York that focuses on the five key dimensions of the city’s environment – land, air, water, energy and transportation – that will not only improve the quality of life for New Yorkers but also will achieve a 30 percent reduction in global warming emissions. Caution, Contention, Calculation Emerge as ‘Green’ Goes Mainstream By Jim Miara Banker & Tradesman presented a convincing case last week that green building, at least here in Massachusetts, has reached the tipping point (see the April 30 Commercial Real Estate Monthly special section, with a focus on green building). In the history of innovation there is almost always an identifiable moment when an idea moves from the background to the foreground and then very rapidly becomes commonplace. New FASB Rules to Affect Community Banks By Arthur F. Warren In the midst of shrinking profits and escalating costs, community banks now face the earlier recognition of expense for post-retirement life insurance death benefits. The Emerging Issues Task Force (EITF) of the Financial Accounting Standards Board (FASB) recently announced new accounting rules that will affect all employers. Check and Balance Banker & Tradesman's political cartoon. |
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