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Buchanan Surpasses $250M in 2007 Self-Storage Loans

Buchanan Storage Capital, a provider of financial resources to self-storage owners nationwide, surpassed the $250 million mark for year-to-date loan volume. According to the firm, it is on track to close more than $500 million in self-storage loans this year. With offices throughout the country and the support of loan originators in the field, the company says it is financing self-storage properties in every major geographical region. The majority of customers use its Buchanan Fixed Rate Direct program, with additional access to the firms advisory services. The firms parent company, Buchanan Street Partners, is a national real estate investment bank that provides real estate capital and advisory services for owners and developers and investment management for institutional and high-net-worth investors.

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Aston Martin statement on new shareholders

"Aston Martin is pleased to announce the start of a new chapter in its illustrious history following the announcement today that the prestigious sports car manufacturer has been sold to a consortium led by David Richards, John Sinders, Investment Dar and Adeem Investment, ending almost twenty years as part of Ford Motor Company.

"The consortium is a group of sophisticated investors who are committed to the brand, its success and existing business plan which envisages growth, profitability and new products, including the much acclaimed four door concept Rapide, shown for the first time at the Detroit Auto Show in 2006.

"With the full support of the investors, Dr Ulrich Bez remains committed to the future success of Aston Martin and will lead the management team into a new era as its Chief Executive.

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Credit cards pick up fee if you damage rented car

When you try to use your credit card to cover collision damage to a rental car, the rental agent may lie to you about the coverage your card provides. Recently, I received e-mails from two readers reporting on the same scam at two rental companies: Agents told them that although their cards covered damage to the vehicle, they didn't cover the additional "loss of use" fee the car company would collect for the rental revenue lost while a damaged car was out of service. That statement is a flat-out lie.

When you rent a car, you're on the hook for any damage done to that car during your rental, plus loss of use, so you have to find some way to cover your risk. Rental companies, of course, are happy to sell a "collision damage waiver" (CDW) or "loss and damage waiver" -- essentially the same thing -- to absolve you of that risk.

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Around the Towns

DARLINGTON -- The Platteville Chorale will be featured during the Sunday morning worship service March 18 at Darlington United Methodist Church, 546 Park Place, Darlington.

The chorale, under the direction of Greg Dennis, will perform several selections of music during the 10:30 a.m. worship service.

Darlington residents who perform as a part of the chorale include Matt Finkenbinder, Janet George, Marian Howard and Liz Lindstrom. The Darlington United Methodist Church invites the public to share in worship that day and enjoy this special presentation by the Platteville Chorale.

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Hospice to display quilt at Our Town event

DARLINGTON -- Lafayette County Hospice will be displaying its memorial quilts at the Our Town event in Darlington on March 25.

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'Promote capital market as funding source'

The Indonesian equity market, despite being huge in capitalization, is still largely untapped as an alternative source of investment, economists said at a seminar on the weekend.

Mohammad Ikhsan, an economist from the University of Indonesia, said the capital market is the ideal financing source for investment at a time when banks are yet to be optimum in extending loans to revive the real sector, but acknowledged that the local capital market was still underdeveloped.

"Most local companies here are reluctant to go public and are notorious for their rough accounting systems, especially the medium-sized ones," he said, adding that the existing taxation system had also discouraged companies from going public.

He said Indonesia would still have to rely on banking credits to boost the real sector, in addition to foreign direct investment.

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RMB hits new high against USD, breaking 7.74 mark

BEIJING, March 8 (Xinhua) -- The value of the Chinese yuan against the U.S. dollar hit a new high on Thursday with a central parity rate of 7.7386 yuan to the dollar, according to the Chinese Foreign Exchange Trading System.

The yuan, also known as the Renminbi (RMB), gained 50 basis points from Wednesday's reference rate of 7.7436 to the U.S. dollar.

The yuan has gained 701 basis points since the beginning of 2007 from 7.8087 yuan against the dollar on Dec. 29, 2006.

There had been speculation over whether the yuan would see a sharp appreciation on Wednesday afternoon when the U.S. Treasury Secretary Henry Paulson began his third China trip in seven months in preparation for the second round of the China-U.S. Strategic Economic Dialogue scheduled for May in Washington.

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Cheboygan Catholic made run at State title in 1967

Sports dominated local news on the front page of the Cheboygan Daily Tribune 40 years ago today. Basketball was making top headlines on March 15, 1967.The Cheboygan Catholic Eagles were to journey to Charlevoix to face Ewen in the first step of the state post-season play. The Detroit Free Press predicted the Eagles would defeat Ewen, while The Associated Press forecast a win for Ewen. The game would have a huge Cheboygan contingent, as 1,000 tickets had already been sold in advance through a sale at the Callan Shoe Store. Ewen would prove victorious, defeating Cheboygan Catholic in a 76-54 win. Chris Lindsay led the Eagles in scoring with 19 points, hitting six of 13, most of them from the outside. John Baiers picked up 12 points for the Eagles.Several regional names were on the Northern Lakes League All-Conference team.

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Moore Unique Skin Care Products, LLC Announces Educational ...

HOUSTON, March 6 /PRNewswire/ -- Moore Unique Skin Care (MUSK), LLC, today announced the launch of the Moore Unique Pseudofolliculitis Barbae (PFB) Educational Awareness Initiative, a national effort to raise awareness of the long-term effects and risks associated with PFB, commonly known as 'razor bumps' and a common condition occurring in over 10.8 million men, but significantly impacting an estimated 60% of African American men & 15% of Caucasian men. If not treated professionally, PFB can cause keloidal scarring which has become an important issue in men's personal grooming.

The initiative is led by noted Houston dermatologist Dr. Milton D. Moore, CEO of Moore Unique Skin Care, LLC and will feature "expert grooming and skin care advice" to national media, participation in community events, and product sampling.

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