Boraie Development Updates & News

Urban Land Institute Plans Implemented in Atlantic City

Just recently a team of development experts, entrepreneurs and officials met at the famous Atlantic City Convention Center in order to display a transformative moment for the new South Inlet in the city. The event was organized by a non-profit making organization that is based in Washington DC, known as Urban Land Institute. The group specializes in real estate policies and land use.

When the Casino Reinvestment Development Authority was introduced to the region, the non -profit making organization came into the Atlantic City for around six days in early 2014 for a particular study. The organization wanted to understand why there was a persistently blighted area and at the same tie propose a new redevelopment plan for the city.

After ten months of the study done by ULI, some of the recommendations like the
demolition of the View Apartment building that is found at the intersection of the Oriental Avenue and Hampshire Avenue or the renaming of the South inlet to Lighthouse District have not yet been implemented.
Wasseem Boraie is known to many as the Vice President of Boraie Development. The son of mogul Omar Boraie recently announced that the residents should expect to see the progress of work in the coming spring. Wasseem spoke during the institution’s large planned apartment complex that is scheduled to have two hundred and fifty units.

Boraie believes that this project is going to involve a large group of people, especially the universities, the public and the agencies in the region. He says that he is excited about the new plans, and he knows that the city will be a better place to live.

Herman Saatkamp is the president of the Richard Stockton College. Not long ago, he managed to complete the purchase of the school’s Showboat Atlantic City. The president recently announced that some of the condos and hotel rooms in the property would be back on the market by summer. He also said that about ten classes would be given to the Stockton student. In a recent report, Saatkamp stated that he expected more than four hundred students to live in the new constructions, and more than one thousands of them to take their studies from there.

Saatkamp said that the individuals in the Atlantic City were working hard to try and move forward, making a positive impact. He says that there are so many activities for everyone to do and that there are a thousand things that can be accomplished if there is unity.

Wikipedia Digresses from Becoming a Bureaucracy

Wikipedia is widely-known to have a highly decentralized system of operation. It essentially gives the public the freedom of expression and allows them to create and also disseminate knowledge. This is a good idea because it empowers normal people to become a part of a global community tasked with passing on knowledge and information. However, as it turns out, the Wikipedia machinery is not as egalitarian as most people imagine. It has slowly drifted away from its earlier ideals and currently operates as a highly conservative bureaucracy. The earlier group of elite editors predating 2004, have a major influence and control over the website.

Even though the site has largely avoided a top-down structure of management among its editors, a recent research into its structure has revealed the existence of a ruling power. The research was done by two Indiana University students namely Bradi Heaberlin and Simon DeDeo. They discovered that while the editorial community has risen to over 30,000 people, the website’s core norms and culture was established by a small group of editors. The site was designed to grow and accommodate a dynamic culture something it never did.

Today, a new Wikipedia status quo has risen to control access to social networks and information. In addition, decoupling occurred between the site’s four general neighborhoods including article content, collaboration, content policy and administrators. This has stalled the evolution of the website since a group of editors have a significant influence over the Wikipedia community. To counter the decreasing growth of Wikipedia, it is important for the site’s self-imposed status quo to relinquish its power and influence in order to achieve autonomy.

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Originally Posted on Science Alert:

U.S. Money Reserve President on CNBC’s Squawk Box

Squawk Box, a CNBC morning program, recently hosted the U.S. Money Reserve President Philip Diehl. Diehl who is also a former U.S. Mint Director, discussed elimination of the U.S. penny from circulation. He cited it costs more to make than it is worth, an expense to the economy which costs American taxpayers $105 million annually. Each penny costs 1.8 cents to produce, when he was at the helm of the mint, he unsuccessfully tried to eliminate it.

He responded to views from some economists who argue that its removal could cause a distortion in prices and may lead to inflation. He pointed out that most transactions carried out are electronically based putting cash ones at about 25%. Due to this, only a small number of transactions will be affected by the penny elimination. That argument has been used for the last 25 years, but he intimated that most businesses will actually round prices downwards as a good customer service gesture.

Competition dynamics in the marketplace he said will determine market prices, preventing companies from any increases caused the elimination.

Since the penny is 97.5% zinc, its major proponents are the zinc lobby and the makers of the coin blanks. A number of critics said that the nickel will be the next target of elimination. It costs 9.4 cents to make a nickel, however if changes to its composition are made it will be profitable.

About The US Money Reserve
The U.S. Money Reserve is a provider of U.S. Government issued gold, silver, and platinum coins. Founded by gold market veterans, it offers high quality customer service. It is a trusted partner available to assist client’s buy precious metals. As one of the largest distributors, it offers expert guidance to individuals who want to acquire these kind of precious coins that will give them the highest value. Its huge size gives it greater buying power, transferring to their clients the best profits. With a team of over 100 professionals it provides services for owning a tangible asset whose value is safeguarded against economic issues. These certified coins, have their quality, content and purity backed by the U.S. government.

Its goal to form a long and fruitful relationship with all clients assisting them to achieve financial goals by diversification of their portfolio with gold silver or platinum. Clients get notified whenever releases of precious metals are available.

Why Kyle Bass Is The Most Unethical Investor Ever

Kyle Bass is an investor who is known for accurately predicting the worldwide 2008 economic recession. Many of the largest banks in the USA were practically handing loans to anybody that wanted one, and many of those debtors defaulted on their loans, starting in 2007. Many more people started to default in their loans, acting like a snowball effect, which caused the 2008 recession. Bass bet against this by investing in credit default swaps against the financial institutions that failed. It may have net him a lot of money, but it was not the best thing for an investor to do, ethically.

Bass is known for making many terrible career decisions, many of them on a public basis. He recently filed a lawsuit against Acorda Therapeutics, Inc., to try and strip them of a patent for their landmark multiple sclerosis drug, Ampyra. Acorda deserved the patent because they financed the development of the drug. Bass argued against this and claimed that he had filed the lawsuit on behalf of all the patients that had to pay premium prices for their medication, but the court recently against Kyle Bass and his coalition for affordable drugs, which is nothing more than a good name for his lawsuits.

Surprisingly, Kyle Bass is on many major news networks quite frequently. He is asked about his opinions on how the financial market is performing, and what moves would be best for investors. Should you listen to him? Keep reading, and form your own opinion.

In the 2000s, the automotive giant General Motors produced vehicles with faulty Firestone tires, which resulted in injuries and deaths of consumers who purchased the vehicles or passengers who were riding in the vehicles. Kyle Bass had investments in GM at the time, but he did not withdraw his investments from the company. The investments might have proved to be a good financial decision, but definitely not a good decision from an ethical standpoint.

For four years, between 2010-2014, he predicted that Japan’s economy would crash into a recession, and bet that would happen by purchasing credit default swaps against businesses in Japan. Japan’s economy hasn’t been the strongest in the past decade, but has not experienced a recession since Kyle Bass started to proclaim his predictions. Bass has made these same predictions live in business television networks, providing investors with advice that is incorrect and misleading.

Kyle Bass did, in fact, correctly predict the 2008 financial crisis, but, surprisingly, he has not made many good career decisions since then. Do you understand why Bass has such a bad reputation as a person and as an investor? Plus, his hedge fund has decreased by more than 30% in worth in the past year.

Author Jamie Garcia Dias

Jaime Garcia Dias is a Brazilian author whose propensity for writing was apparent even as a young man. Starting at the age of fifteen, Garcia’s love of literature sparked the beginnings of an impressive career. His love of books and reading led him to enter the University of Rio de Janerio where he studied Letters. Garcia followed in the footsteps of his father, Arnaldo Dias, who was also a famous Brazilian writer.

After graduating from the university, Garcia took a teaching position at Carioca Literature Academy, an academy that served as a prep school for students that intended to study literature after high school. From there, he became the Vice President of a local gym. That same gym became the largest gym to be dedicated to Brazilian literature.

Dias later became the Vice President of the school he formerly taught at, the Carioca Literature Academy. On the school’s 100th anniversary, Dias was honored and made President of the school.

Dias has gained much recognition and has won many awards for his work. In 2001, Dias won his first award, the White Crane award. In Brazil, the award is known for bringing up and honoring new Brazilian writers. By the time he was 30 years old, Dias had released 10 books. As of 2015, Dias has written 20 books. Five of his books are award winning. Dias has become a leader in the Brazilian literature community.

In addition to his father, Dias has drawn inspiration from many other Brazilian writers. He was shaped by writers such as Jorge Amado. Amado rose to fame in his time as a writer due to his interesting works and whimsical takes on everyday life. Paulo Coelho is another of Brazil’s cherished writers. With influential works such as The Alchemist, Coelho has become Brazil’s best selling author of all time.

Brian Mulligan and the Sports and Entertainment World


It is an understatement to say that Brian Mulligan has been successful in sports and entertainment business. He early on decided to make business his primary pursuit. To this end he earned a B.A. and M.A. in business management from the John E. Anderson Graduate School of Management at the University of California, Los Angeles. Today, he is such a recognized authority on the subjects that he has been the CEO, Chairman, COO, or CFO for some media and entertainment organization for the past 30 years. Some of his most major positions have been as Co-Chairman of Universal Pictures, CEO of Universal Television, Chairman of Fox Broadcasting Cable, CFO of Fortune 50, Executive Vice President of MCA Inc, and Executive Vice President of Strategic Planning and Corporate Development Universal. These are just a few of the many big public names.

Throughout his career in media and entertainment, he has played a role in over $175 billion in transactions. In these very high profile leadership positions, Mulligan was responsible for the worldwide operations of the products of these companies. In addition to these media and entertainment companies, Mulligan has also gained much experience working for private equity firms.

He is presently the CEO of Brooknol Advisors and Pacific Media Capital. These companies are interested in entertainment and media. Brooknol also caters to Mulligans main passion: sports. His passion for sports extends far more than to just professional or even as a devoted spectator fan. He is a member of the Sports Business Institute which caters to both his professional and personal sports obsession. His passion has even extended to coaching and active participation in sports management. He has done stints as a coach for youth football and basketball and a commissioner of youth basketball leagues. Through all of this, Mulligan has become an immensely powerful and respected businessman. He has been lauded as “One of the 50 Most Powerful People in Hollywood,” “One of the Ten Most Prominent Bankers in Hollywood,” and “One of the Leading Investment Bankers on Emerging Business Models.” However, he has not let all the wealth and power go to his hand. He has remained a steadfast benefactor for several charities. He has been instrumental in raising around $90 million for charities such as St. Jude, City of Hope, MCA Charities, MCA PAC Democratic and Republican Supporters of the Arts, United Way, Land of the Free Foundation, YMCA, USC Marshall School Dean Scholarship Fund, UCLA Lifetime Associate Member, UCLA Anderson Dean Society, and UCLA Chancellor’s Associates. This is just a sampling.

Forefront Income Trust: A New Way of Doing Business

Within the financial industry, once a game plan has been established most companies rarely if ever deviate from what has already worked for them. However, as the national and international economy have shown, changes sometimes become necessary. Such is the case with hedge funds, which traditionally have been the investment tool of those who already have substantial fortunes to their name. But as many companies have seen, it is the so-called “other 99 percent” who also have money to invest and are looking for chances to do so. Thus, the Forefront Income Trust hedge fund was established to allow people with as little as $2,500 to enter the investment world with a chance to see their money experience tremendous growth. Created by financial expert Brad Reifler, the fund has proven to be very popular with middle-class investors.

A product of the middle-class himself, Reuters tells that Brad Reifler has gone on to become one of the financial industry’s most exciting and dynamic minds. A successful entrepreneur and investor, Brad has used his exceptional strategic-planning capabilities to form a number of companies over the years, including Reifler Trading Company, Pali Capital, and Forefront Capital Management. A big believer in cultivating new and exciting ideas, Brad has spent decades building an international reputation for honesty and commitment to his investors. Working with some of the world’s leading economists as well as Fortune 500 and Wall Street executives, Brad has used the information gained in these consultations to develop and implement financial strategies that have made others sit up and take notice. As founder of Pali Capital, he spent endless hours examining the slightest details in order to develop sales strategies for his team. By the end of his 13-year run as the firm’s CEO, his strategies had resulted in over $1 billion in commission income from his sales team, demonstrating he had put the knowledge gained earlier to very good use.

As the Forefront Income Trust hedge fund continues to attract investors, one of its main selling points has been the eight percent return. In order for the fund to make a profit, its investors must first have a return on their investment that meets or exceeds eight percent. By setting the fund up in this manner, the company helps investors by minimizing risks while still creating opportunities for growth. And for the middle-class investor, this is definitely a new way of doing business.

Guerra Named Co-Lead in Syngenta Suit

Francisco “Frank” Guerra IV has been appointed co-lead counsel for the prosecution in a lawsuit involving Syngenta’s genetically modified corn according to an article on the PR Newswire website.

The order making the appointment was signed by Hon. Thomas M. Sipkins. Guerra will serve as a member of the plaintiff’s executive committee. He will work with the existing legal team that is pursuing the suit before judge John W. Lungstrum in U.S. District court, for the district of Kansas.

Guerra was appointed to lead the team to pursue the ase against Syngentia and its genetically modified corn. Those modifications had a negative impact on corn prices across the United States, the suit alleges. There are more than 21,000 claims against Syngenta. Guerra’s group will be representing 92 percent of those 21,000 cases in court.

“I am honored to represent American farmers and other American workers and businesses. I was raised working on my family’s land, and I understand the impact of the corn market price drop caused by Syngenta’s actions. Our firm looks to bring justice and financial assistance to those financially damaged by Syngenta’s actions.” Guerra was quoted as saying.

Guerra is part of the Watts Guerra LLP law firm, and it is not their first case of this nature. They have led several suits like this, taking them from start to finish. They have combined cases to represent a group as opposed to an individual client.

His partner is Mikal Watts is also active in this area. Watts filed the first Pradaxa injury and death case in the nation, and he helped consolidate cases of that nature, and that led to a $650 million resolution for the victims.

Watts represented the largest number of Pradaxa injury and death claims in the nation, and now the firm is doing the same thing in the Syngenta cases involving farmers.

Watts received his law degree in 1989 from the University of Texas. He began his career as a briefing attorney with the chief justice of the Texas Supreme Court. He worked for a few law firms and in 1997 he formed his own law firm – Harris and Watts. That firm eventually had 29 lawyers in five Texas cities. In 2009 he partnered with Guerra to form a new firm that would focus on catastrophic injuries and product liability. They are also involved in commercial litigation on a large scale, such as the Syngenta case.

Home Maintenance Meets Technology in Handy

We’ve all that moment. You know, the one where a pipe breaks, or you plan a big event and need your place cleaned up ASAP. Perhaps you have an elderly parent or relative that just can’t keep up with the housework anymore and you just don’t have the time. Commercial cleaning services can use a variety of chemicals and cleansers and also require a variety of equipment used in cleaning and maintaining different types of surfaces. When it comes to your home, you want experienced employees that won’t cause any damage by using that equipment improperly or on the wrong types of surfaces. It is also equally if not more important that they do not use harsh chemicals that may cause foul odors or negative health reactions for any of the occupants of the home, including pets.
You can end up spending hours searching the internet and phone books for a cleaning or repair service that can get the job done the way you want. They need to offer the right services at a price you can afford and still hold a reliable reputation. That can be hard to find when scouring a large list of so many options in the competitive field of cleaning or maid services. And these days, who can you trust? After all, these people are going to be in your home and you may not be able to be there. You also don’t want somebody to come in and not do the job your paying them for or at least not correctly. Wouldn’t it be nice if there was some way you could access what your looking for in one easy and convenient place?
Meet Handy on recode. Thanks to the innovations of smart device technology and the internet, the creators behind Handy have brought all these services together and created your one-stop source in home cleaning and handyman services. This makes finding your next cleaning or maintenance service a breeze. You sign up online or through the Handy smart device app, enter your information, and then your free to begin browsing services compiled in place in a simplified user friendly platform. In a hurry? No problem. Instead of browsing, just enter your zip code, the number of rooms you need done, how long you expect it to take, and what time and date you would like it started and voila! You get a list of available quotes to select from. You find the one you like and the card you have on file is billed. There is no hassle and service can be ordered in as little as sixty seconds. Now that’s fast!
Concerned about who you might be hiring? No need to worry. All of Handys professionals are fully vetted and verified using a system of full background checks at a national and county level plus provide proof of experience through a difficult onboarding process. Still a little concerned? Don’t be. Handy also offers a 100% money-back guarantee and will even cover replacement costs if anything gets damaged. That kind of support and backing of services can offer you real peace of mind. So next time your in need of a good cleaning service, give Handy a try!

Shaq Returning To Newark For The New Birth Of The City

It’s already been widely known that New Jersey is undergoing a transformation to rebuild the old sections of the city and put new ones in that will drive buzinesses back into downtown. In light of the plans, not only building projects have been undertaken, but fundraising through festivals, community activities and now a basketball tournament have been used as drivers to encourage more people to come to town. According to, Shaquile O’Neal is hosting this basketball tournament called “Believe In Newark”, and teams have already been registered and played the opening games last weekend. Even though Shaq spent most of his basketball career outside of New Jersey, he holds a special place in his heart for Newark and this is not the first project he’s undertaken to rebuild the city.

Most of Shaq’s work in Newark’s renovation has been a side project of the company he works with, Boraie Development LLC. With his input, Shaq convinced them to renovate an old theater that he had used to visit as a child, and as a result of this Cityplex theater came into being. That’s just one small project out of the huge empire that Boraie Development has built in the downtown areas of Newark, New Brunswick and Atlantic City. Their latest project is the Aspire, a major apartment complex that offers luxury suites and some of the best amenities in the area. The Aspire New Brunswick was opened just this year after a long construction phase, and the apartments have quite a list of features including their own laundry machines. The building also has doorman services, a lounge that has HD TVs, pool tables and a kitchen, and a rooftop skydeck where residents can hold outdoor parties. The Aspire was built to attract high income tenants who want a comfortable space designed with a trendy style.

Besides building the aspire, the Boraie Development Group has added in a lot of commercial space for office and retail functions, and has done so over the course of nearly 40 years. Omar Boraie, head of the family started the work after immigrating from Egypt and throughout his building career, New Brunswick went from being dilapated and even unsafe, to being a booming business market. Wasseem Boraie, his son is the vice president of the company and he has started to undertake more of the building project administration tasks. Also heading up the company are Sam and Hia Boraie.

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