“Detroit is our weakest market and upstate is second, ... We try to operate at a 95 percent occupancy level and we haven't seen that for a number of years in upstate”
“Then when we finish, we'll have a better idea of when they'll start on the work, because they need to have this meeting in order to issue a notice to proceed to the contractor,”
“I've got three basic, foolish thoughts today about taxes. Let's take it right off with number one, which is that I believe that there should be a long-term benefit to owning stocks.”
“Ideally ... we think that a further step here would be to phase out capital gains if investor are holding for a longer period. For instance, if you were to hold stocks, let's say, for five years, I would like to see the rate lower than 20 percent, and maybe if you hold 10 years, there might be no capital gains rate at all. That will return the public markets to being about buying and holding and funding businesses, which was their purpose, not throwing paper around in a speculative manner.”
