Greek jitters are back. After a brief and bizarre market rally in the middle of last week, stock markets across Europe are in the red today again, after a bloody Friday. A key indicator of contagion risk – sovereign bond yields – have also spiked. Spanish, Portuguese and Italian bonds have all risen today, with peripheral debt soaring to a ... Read More »

Police Federation And Finance Ministry Return To Bargaining Table Today

    Horace Dalley, the Minister without Portfolio in the Ministry of Finance, who is leading the negotiations for the government, wrote to the Federation on Monday inviting it to attend the meeting amid a sick out by cops. The police have rejected the five per cent wage increase offered by the Government and are hoping for a better proposal ... Read More »

Keeping up with the Joneses

The draft budget for Charleston County sets a 2 percent pay hike for “outstanding performance” by county employees. Imagine just how outstanding the performance of some key elected officials would be if viewed by that standard. The county auditor’s salary, for example, is recommended for an increase of nearly 50 percent, from $81,244 to $120,243, according to budget figures provided ... Read More »

After the oil rout, energy deals are set to focus on US shale

  “When something on this scale happens, every board asks: ‘What do we do?’ And they call in their M&A advisers and ask them the same question.” According to one senior oil executive, Royal Dutch Shell’s £55bn offer for BG Group, the biggest energy takeover in at least a decade, has prised open a window to dealmaking. The collapse in ... Read More »

Virtual labor organizing could be how the next generation of workers get unionized

    The Century Foundation has a new report out today proposing that union elections be organized and held online. Virtual labor organizing, it says, could be the key to getting a new generation of workers in unions. It would also be much easier than the current process. From the post: Organizing a union through the use of online tools ... Read More »

LiLo Adds Bank of America to Burn Book; Jamie Dimon Slams Elizabeth Warren: Finance Winners and Losers

    Celebrities really are just like us: Even Lindsay Lohan has problems getting someone from her bank on the phone. Meanwhile, JPMorgan Chase(JPM – Get Report) CEO Jamie Dimon expressed concerns about U.S. Sen. Elizabeth Warren at a conference on Wednesday, and auto-lenders may soon find themselves under the long arm of financial regulations. It’s a problem that is all ... Read More »

U.S. consumer watchdog widens oversight on auto financing

    The top U.S. consumer protection regulator is expanding its oversight to include large non-bank auto financing companies. A new rule issued on Wednesday by the Consumer Financial Protection Bureau means that companies such as Ford and Toyota which operate lending arms that make, acquire or refinance 10,000 or more loans or leases per year will be subject to ... Read More »

It’s not just first time buyers who need help in today’s housing market

    The widely-held policy goal of 250,000 new homes annually is, sadly, a political chimera. There is neither the political will nor the productive and planning capacity to build 100,000 additional homes, or anything like it – our top 10 housebuilders plan to build around 80,000 units a year for the next five years. But we can still be ... Read More »

TODAY’S DEALS: Capital One Multifamily Finance Provides $20.5M Acquisition Loan

    Capital One Multifamily Finance announced that it has provided a $20.5 million Fannie Mae fixed-rate loan for the acquisition of The Manor Homes of Arborwalk, a 280-unit Class A apartment community in Lee’s Summit, Mo., part of the Kansas City MSA. The borrower, a subsidiary of Milestone Apartments Real Estate Investment Trust, owns and manages a portfolio of ... Read More »

College athletics finance report: Non-Power 5 schools face huge money pressure

    The rich are different from you and me, F. Scott Fitzgerald once observed, to which Ernest Hemingway famously added: Yes, they have more money. The so-called Power Five conferences are different from the American Athletic andMountain West conferences. They have lots more money. Wood Selig knows all about that. He is athletics director at Old Dominion University, a ... Read More »