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The Value of Business Partnerships: 1+1=3

I urge us all to adapt, take calculated risks, and, most importantly, check our egos at the negotiation table. It’s far better to own 50% of a $50 million juggernaut than 100% of a $500,000 mom-and-pop. Forging such alliances is a matter of simple arithmetic.

Chicagoland

No single industry truly dominates the Chicago landscape. So while Detroit is rebounding alongside the resurging auto industry, Chicago has floundered in the aftermath of the recession. That, however, does not preclude the city’s capacity for growth in a number of areas. In the coming years, there will be growth opportunities in IT, healthcare, and social assistance, explains Ken Smikle, founder and president of Target Market News.

New Hope for Mortgage Relief

Because of the complexity of the mortgage market and the agreement, which will be executed over a three-year period, borrowers will not know right away if they are eligible for relief, Cummings says. Homeowners who need manageable mortgage payments should contact their bank directly to see if they qualify, Cummings suggests, since the settlement requires banks to provide up to $17 billion in principal reductions on first and second mortgages and other forms of loan modifications.

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