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Lately, the developing world middle class has been blamed for rapid and unsettling increases in commodity prices, but faculty and analysts say the tightening will be corrected, in the long run, by forces of supply and demand. The case of consumer durables, such as automobiles and washing machines, supply can be expanded quickly. The same goes for non durables, such as soft drinks, says Guillen.
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The coffee shop made a nice profit but where we made the big money was the banquet business.”Then in 1991 it went into foreclosure”Downtown was really struggling,” said Barberg.It was purchased by Dick Larson properties at a sheriff’s auction for just under $500,000. Shortly after, it re opened as a Holiday Inn.”He got it for very cheap,” Barberg said.In 2004, the building was bought by the Singh brothers for $780,000 and once again changed names opening as a Ramada property. In 2012, the hotel found itself in a familiar place foreclosure, set for another sheriff’s auction.The Singh brothers bid for the hotel at auction but failed to come up with the money, setting up a second auction.”We don’t care who comes forward,” said City Manager Russ Van Gompel at the time.SBM Holdings bought it and also missed making payment.