3/21/06:It appears that state and local politicians around the country are looking into whether or not Wal-Mart should offer its employees health benefits. It should be said that many Wal-Marts are located in areas already saddled with tax burdens that chase businesses away. The idea of legislating how private enterprise conducts its own affairs will probably send many of these corporations away forever. Yes, like many large and successful companies, Wal-Mart has had its share of issues, but it has also been able to grow and employ hundreds of thousands of people across the country. To impose a mandated health plan (read, another tax), will only cause prices to rise. And these rising prices will most seriously affect those that this mandatory health plan was supposed to help. In other words, in the long run, it won’t really help these working-class people at all. Maybe some of these legislators should think through this position before posturing around it.
The views expressed in this article are the author’s own.
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ROSEWOOD HOTELS & RESORTS (LOS CABOS, MEXICO) Andres Araya becomes managing director of the Las Ventanas al Paraiso, part of Ty Warner Hotels & Resorts LLC. For two years, the 20-year hotel executive has been overseeing day-to-day operations as resort manager.
CONTROL CONSTRUCTION CO. (KATONAH, NY) The firm promotes Kenneth P. Martin to president and hires Brad Ruder as vice president. Martin previously was CFO for affiliate, Control Group Inc. Ruder had been operations director for ACC Construction Corp.
RIVEROAK INVESTMENT CORP.(STAMFORD, CT) Joseph Iannotta, previously a senior auditor with Deloitte & Touche LLP, is the new assistant comptroller.
CUSHMAN & WAKEFIELD OF MASSACHUSETTS (BOSTON) Elizabeth Carrillo Thomas is named executive director for institutional sales in the firm’s capital markets group. In joining the firm, she ended a four-year stint with CB Richard Ellis Inc.’s institutional group.
PROLOGIS(WASHINGTON, DC) Mark G. Levy comes on board as first vice president and market officer in the metropolitan region, which includes Northern Virginia, Baltimore and suburban Maryland. He previously was vice president of the South Florida business unit for Duke Realty Corp.
EQUIS CORP.(WASHINGTON, DC) Susan Stoudt joins as vice president and senior project manager, gaining responsibility for project and construction services in Washington, DC, Northern Virginia and Maryland. She was previously was a senior project manager and developer for CB Richard Ellis Inc.
SPERRY VAN NESS(STOCKTON, CA) Randy Thomas is named senior adviser for the Central California office at 1919 Grand Canal Blvd. in Stockton while Rami Batarseh and Suheil Sahouria get the same titles to work the San Francisco Bay territory, operating out of 1900 Alameda De Las Pulgas in San Mateo.
JPI (IRVING, TX) Karen Tepera comes on board as vice president of business development for the firm’s management services. With the move, she ends a 12-year stint at Westdale Asset Management, exiting as executive vice president.
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Due to the unprecedented financial need demonstrated by so many residents, Camden Property Trust increased its initial commitment of $5 million to $10.4 million to support to a total of 8,186 Camden residents.
In spite of the recent pandemic-caused uncertainty, well-capitalized investors are positioned to provide liquidity to companies as they work toward and through the eventual rebound, writes Gino Sabatini of W. P. Carey.
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