Clinton and Trump’s Policies Cause Commotion Within Commercial Real Estate Sector
Sep02

Clinton and Trump’s Policies Cause Commotion Within Commercial Real Estate Sector

It is no secret that this year’s presidential election is quite unconventional. The campaigns of Clinton and Trump have questioned the potential economic, social, and political future of this country, and now the commercial real estate sector is the next detail of the economy to be brought into question. Typically, the commercial real estate sector is split between large buildings valued at over $2.5 million and smaller buildings under that amount including small strip malls, stand-alone convenience stores, and small retail spaces. But presidential elections are not known for cooperating with the commercial real estate sector, as the market fluctuations are known to dramatically change with the presidential polls. Eric Wohl of Hanley Investment Group explains to GlobeSt.com how many commercial real estate investors are already pulling out of their acquisitions out of fear of the unknown within the next few months. He says, “Every presidential election creates new uncertainty about the direction of the economy. The goal is to have a clear picture on how each presidential nominee, if elected, will impact the commercial real estate industry. While some policy details may be vague or change, all we can do is to interpret the provided information at this time to the best of our ability.” The fact that the candidates have such differing views on corporate taxes, capital gains, and tax reforms just adds to the uncertainty in the real estate sector. Currently, the income tax rate in the U.S. is 35%. Trump proposes to dramatically cut that figure to 15%, while Clinton would choose to keep the figure the same. Trump also wants to streamline the tax process and cut the top marginal rate from 39.6% to 33%. Clinton is proposing a sharp increase in capital-gains tax rate for the highest earners of investments held for less than six years. Basically, Trump proposes to cut down on all taxes for higher income individuals, while Clinton would like to impose a high tax on any income over one million dollars. So what does this mean for commercial real estate? A dramatic difference from where it stands now. Only time will...

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Two College Students Create New and Improved Antiperspirant Lotion
Sep02

Two College Students Create New and Improved Antiperspirant Lotion

By the sweat of their brow — or, their palms, really — two college students silenced the nay-sayers and started their own successful business. The founders of Carpe Lotion, David Spratte and Kasper Kubica of UNC-Chapel Hill and Duke University, respectively, came up with an effective solution for sweaty hands. In July 2015, with funding from investment firm Bootstrap Advisors, the pair launched their first product, Carpe Antiperspirant Hand Lotion. “At the beginning, a lot of people were saying that this isn’t a problem. No one is going to buy a product for sweaty hands,” said Spratte. In reality, 8 million Americans suffer from hyperhidrosis, a medical condition that causes one to sweat up to five times more than the average individual. Even without this condition, millions of others struggle with unwanted, inconvenient perspiration. Spratte and Kubica quickly demonstrated that there was a market for a new and improved antiperspirant. Within the first six months, with little to no marketing, the company sold roughly $100,000 worth of product just off of Amazon and the company’s own website. Just last month, in the wake of their initial success, they launched a second product, Carpe Antiperspirant Foot Lotion. “The foot lotion has been selling better than the hand lotion was early on,” said Kubica. “They have really done a great job of building the business to where it is today,” said Chris Ng Cashin, co-founder of Bootstrap Advisors. “Now it’s a question of, can they scale it up and get it to a reasonable size?” Last week, in hopes of bringing in even more business, Carpe began a test run of brand new 30-second commercials produced by Kubica himself. They have since aired on several cable channels, including MTV and Comedy Central. Carpe’s lotions are now sold in more than 100 pharmacies, athletic stores, clothing stores, and other retailers. Cashin agrees with Kubica and Spratte that solutions for problematic sweating present a sizable market. Spratte has stated that the product isn’t just for those with a medical condition, but rather for anyone who sweats too much. “Our intention was to create this product for all those people who get sweaty hands in social, professional and athletic situations,” he said. “We call them casual...

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