The battle for the Oklahoma car-rental operator intensifies with the New Jersey-based group making a cash-and-shares bid valued at $46.50 a share – a 17% premium to Hertz’s proposal
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Avis Budget offers $1.3bn for Dollar Thrifty
Last November, Amazon.com, the online retailer, flew a dozen of the top US literary agents to a day-long meeting at the company’s Seattle headquarters to try to tone down its image as the 800-pound gorilla of bookselling
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Amazon writes new chapter in strategy
Chris Viehbacher, the chief executive of Sanofi-Aventis of France, is poised to press ahead with a formal offer for Genzyme that could value the US biotech company at close to $19bn, people familiar with the matter said
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Sanofi set to make offer for Genzyme
(From swtimes.com) For the second consecutive year, The Chronicle of Higher Education has named the University of the Ozarks at Clarksville as one of the top U.S. universities for which to work. According to a U of O news release, it is one of 30 four-year colleges named to the 2010 “Great Colleges to Work For” honor roll, and was the only Arkansas university to make the list. The third annual survey recognizes colleges for specific best practices and policies, such as compensation and benefits, faculty-administration relations and confidence in senior leadership. U of O was recognized in the small university category – those with enrollments under 3,000. U of O was recognized among the top 10 small schools in nine of 12 categories: Collaborative governance, professional/career development programs, teaching environment, compensation and benefits, job satisfaction, work-life balance, confidence in senior leadership, supervisor or department chair relationship, and respect and appreciation. Read more.
(From Forbes.com) Last month the U.S. Supreme Court issued a highly anticipated opinion, City of Ontario, California v. Quon, which sheds some light on an often overlooked, yet important, issue in many corporations today: technology and network use policies. The case highlights the importance of using these policies to address a company’s right to access information created and sent using work-issued technology in connection with an employee’s expectation of privacy in the workplace. Taking into account this important decision, companies must create, implement and enforce these policies, ensuring employees are aware that their actions may be monitored. Read more.
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Privacy Vs. Technology In The Workplace
World’s second-biggest aircraft maker says ‘bottlenecks’ might prevent output increases from matching expected rise in demand
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Boeing could be held back by supply chain
(From ZDNet.com) University applications are going up, almost 12% this year in the UK alone and figures showing US applications on the increase though lagging behind other countries. But for every graduate level job, 70 graduates on average apply making the chances of post-graduate employment difficult. The economic downturn hasn’t helped things, with unemployment at record levels and an influx of graduate students adding to the numbers. But a controversy is brewing in the UK – and frankly worldwide as well – in regards to ‘modern’ degrees in computing, the digital age, and multimedia technology and the lack of actual workplace skills gained from such. Read more.
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Are digital degrees ‘useless’ without employment skills?
The deal, which gives Procter & Gamble the right to use the Olympic rings logo globally, is the first with the International Olympic Committee that covers multiple brands under one sponsor
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P&G in 10-year deal with Olympics
KRWG ALERT: Possible Door-To-Door Security System Sales Scam In Las Cruces KRWG 90.7 A handful of homeowners have reported that the solicitors claim to be representing a home security business and have asked in-depth questions about current …
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KRWG ALERT: Possible Door-To-Door Security System Sales Scam In Las Cruces – KRWG 90.7
110140http://thepatriotswar.com/index.php/florida-watch-out-for-conciliationmediation- scam /homeowner-resources/Florida2FMediation+ Scam 2010-07-28+163A16Lane+Houk ….. False Information, False Pretenses, False Representation, False Representations, Familiar Refrain, Familiarity, Family Business, Family Focus, Family Houses, Family Realty, Family Shopping, Fannie Freddie, fannie mae, Fannie Mae And Freddie Mac, Fannie Mae Mortgage …
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Florida: Watch out for Conciliation/Mediation Scam | War on the …
Bridal show run by Brookline woman unveiled as scam Tribune Review Karen Tucker, 47, was arrested yesterday morning at her home and made an initial appearance before a Pittsburgh federal magistrate. … and more
The world’s largest real estate consultancy reports the strongest growth in revenue and earnings since 2007 as it benefits from the global recovery in commercial property activity
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CBRE upbeat on global recovery
Carmakers unveil initiatives leading up to the roll-out of competing models this year, with range anxiety high on the list of hurdles to acceptance
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GM and Nissan sound the charge for electric cars
A call from Ontario Teachers Pension Plan to vote against Sir John Bond’s re-election to the board fails to win widespread backing from other investors
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Vodafone sees off threat by rebel investor
New wave of whistle-blowers could become millionaires USA Today By Paul Burns, Lifesize/Getty Images By Eamon Javers, CNBC Under little-noticed new provisions of the Dodd-Frank Wall Street reform law, whistle-blowers … and more
The Big Four accountants dominance of auditing is facing mounting international scrutiny after the UK’s House of Lords launched a review into the firms’ role in the financial crisis
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UK Lords take long hard look at Big Four
Congressman Boehner answers a question from John in Liberty Township, who asks, “When are we going to really focus on financial reform and go after Fannie Mae and Freddie Mac? … and what your saying may not be totally correct and if some of it is, then blame the politicians there who control the flow of funds or who gets what contracts.. look at the BIG DIG in Massachusetts.. what a scam that is.. how do you go over budget by a few billion dollars and get away with it ? …
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Constituent Mailbag: Your Questions Answered On Financial …
General Electric has agreed to pay $23.5m to settle allegations from US regulators that its subsidiaries bribed Iraqi officials to win contracts under the UN Oil for Food Programme between 2000 and 2003
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GE pays $23m after Iraq probe
Categorized | Trusts, assignment of mortgage, chain in title, fannie mae, foreclosure, foreclosures, mortgage, non disclosure, servicers, trustee, truth in lending act …. S.E.C., saxon mortgage, scam , securitization, servicers, settlement , sewer service, shadow foreclosures, shapiro & fishman pa, short sale, siva, spear & hoffman, Steven J Baum, steven mnuchin, stock, STOP FORECLOSURE FRAUD, stop foreclosure fraud, stopforeclosurefraud.com, sub-prime, Supreme Court …
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Fannie Mae Requirements for Document Custodians |
Anyway You Cut It – Sales Just Aren't Cutting It Forex Hound (blog) As a long-time market-watcher, I get a kick out of those countless Wall Street “experts” who focus so slavishly on “the number. … and more
Ross Mandell, ex-trader in fraud case, peddles his reality TV show Washington Post NEW YORK — A former Wall Street trader accused with associates of swindling more than $140 million from investors is angling for his own reality television … and more
New York Daily News Lawyer targets Madoff victims' profits Boston Herald “The people who made money (did so) at the expense of the people who didn't,” trustee Irving Picard told The Wall Street Journal, disclosing that he expects … Water Cooler Finance: The Unrelenting Claw Of Bernie Madoff San Francisco Chronicle India's poor infrastructure needs more than money Equitymaster.com Bernie Madoff trustee to file suits against victims, newspaper report states Bobsguide (press release) CBS MoneyWatch.com (blog)
SEC pays $1 million to woman who ratted on her ex Washington Post (blog) One of Wall Street's best-known hedge fund managers is targeted, but the feds can't find proof. Years pass, and they close the case. … and more
Ex-trader accused of fraud seeks to clear name on TV Broadcast Newsroom By Reuters NEW YORK (Reuters) – A former Wall Street trader accused with associates of swindling more than $140 million from investors is angling for his …
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Ex-trader accused of fraud seeks to clear name on TV – Broadcast Newsroom
'Stranded traveler' e-mail scam hitting computers Naples Daily News Allison Blankenship awoke one morning to a flurry of phone calls from back home in Naples. Friends and family were concerned she had been robbed and left … and more
Elizabeth Warren and Her Discontents Huffington Post (blog) And Tim Geithner, whose vision of Wall Street and its problems is fundamentally different from Geithner's. There are others, too – ideologues like Megan … and more
Examiner.com Citibank iPhone app accidentally saves personal information Examiner.com The Wall Street Journal reports that the Citicard iPhone app has a glitch in it whereby it has saved personal account information. … and more
Here is an interesting translation of a Chinese article regarding textile work and vacant cities in China. My “China Friend” who wants to remain anonymous writes … Hello Mish In Yangzi Delta Region alone, there are dozens of so called “International Garment Cities”. These cities are built under the direction of a local government investment plan. In many cases, huge parcels of land are sold to real estate developers, who promote the sale of individual shops which are to be built …
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Implosion of the China "Fabric City" Frenzy
Minnesota, God and the $190 million fraud CNNMoney Kiley called his listeners “truth seekers” and appealed to their distrust of Wall Street and the government. Cook said that he could trade currencies with …
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Minnesota, God and the $190 million fraud – CNNMoney
Bobsguide (press release) Wall Street Still Doesn't Have a Sheriff New York Times THE current range of opinion on the Securities and Exchange Commission's $550 million settlement in the Goldman Sachs fraud suit lines … SEC makes Goldman man up The News Journal It's a Start WebCPA all 9 news articles
Technology Digital Dell Pays $100 Million to Settle Fraud Charges From SEC TMCnet As per the SEC regulators, Dell used payments from semiconductor giant Intel (News – Alert) to boost its profits to meet Wall Street earnings targets, … Dell pays $100m in SEC false accounting case AccountingWEB.co.uk Shonky Dell Still Wants To Trade With JB Hi Fi SmartHouse all 15 news articles
Inquiring minds are once again digging deep into money supply questions. They are intrigued by the fact that money supply measures M2 and TMS1 are plunging towards zero, while TMS2 is still sporting a hefty 10+% year-over-year growth. TMS stands for “True Money Supply”. The suffix (1 or 2) stands for alternate measures, one including savings accounts and the other not. M2 is a widely used Fed aggregate for money. This looks technical (and it is), but please bear with me. I can …
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Money Supply Divergence – TMS1 vs. TMS2 vs. M2 – What does it Mean?
As many as five US banks failed to report hundreds of billions of dollars in credit derivatives bought from foreign counterparties during 2009, leaving those risks below the radar of regulators in the US and Europe
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Alarm at banks’ unreported risk
OregonLive reports PERS rates for state agencies will more than double in 2011.The actuary for Oregon’s Public Employee Retirement System confirmed Friday what is already a common-knowledge piece of the state’s looming budget shortfall: the cost of funding PERS will increase sharply in 2011. Mercer Inc. told the PERS board Friday that systemwide, the payroll rates paid by cities, counties, school districts and state agencies to cover their employees’ pension and health care benefits will more …
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Oregon’s Public Employee Retirement System (PERS) in Deep Trouble, Taxpayers on the Hook
Investors’ growing interest in African private equity will be underlined when US-based Emerging Capital Partners announces that it has raised $613m for a fund targeting deals from the Maghreb to the Cape of Good Hope
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Buy-out group’s $613m fund for Africa
The last day of April and the end of the first-time buyer tax holiday was expected to be a dark day for US housebuilders. Yet few anticipated how sharply activity levels would fall once government support was removed
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Housebuilders hit by US tax credit hangover
Love on the Other Side of The Street – Can Hope Conquer Wall Street's Woes? Huffington Post (blog) In an attempt to restore my own hope, I gathered with friends to bring some Love to Wall Street . The purposeful venue was the terrace of 15 Broad Street in …
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Love on the Other Side of The Street – Can Hope Conquer Wall Street’s Woes? – Huffington Post (blog)
Scams find new home on the Web Greensboro News & Record “We work too hard to give our money away.” Dominique said that she has learned a lesson in prudence. “I've been a lot more cautious, and I've only used the …
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Scams find new home on the Web – Greensboro News & Record
Pelosi: Obama was Happier about Health Care than Getting Elected CBS News This is apparently something that the over-educated meathead Obama just couldn't understand – before he rammed his Socialist Obacare scam down our throats. … and more
Why is Face the Nation hosting John Fund despite his history of falsehoods? Media Matters for America On July 25, Face the Nation will host Wall Street Journal columnist John Fund, who has pushed phony allegations that the Justice Department engaged in … and more
It is the biggest ponzi mafia scam ever. They should all pay BIG TIME! 25. mrburnone. Sunday, 25. July 2010. how can we still be talking about “irresponsible leadership”? what we have in place is outright corruption at every level. it’s …
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The Infamous Bail-out Of Fannie and Freddie | Auto Loans | Best …
Shadow housing supply, foreclosed but not on the market as well as sellers who want out but cannot get out is one of the factors weighing on residential real estate. Similar supply issues weigh heavily on commercial real estate. Office vacancies are widely reported, but few gave factored in the shadow supply, downsized companies with more leased space than they need, holding on to it hoping thing get better, or stuck in long-term leases with more space than they want or need. Minneapolis …
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Shadow Office Space "Leased but Empty" Haunts Commercial Real Estate
Here is a Dear Abby kind of question that I get all the time. A reader asks .. Hi Mish, My girlfriend just got her MBA and wants to become an “Executive Coach.” Considering we are heading into a depression and many companies/industries will go bye-bye, any ideas on what industries might be good to focus on? Thanks, ToddHello Todd I do not mean to sound harsh, but her odds of becoming an executive coach are likely close to zero. What real world experiencing does she have in …
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Mish Mailbag: Job Seeking Advice
Maywoood, California outsourced all city services including police and fire. The unions predicted dire consequences. Well, not only did the sky not fall, but services have improved. Please consider A City Outsources Everything. Sky Doesn’t Fall. While many communities are fearfully contemplating extensive cuts, Maywood says it is the first city in the nation in the current downturn to take an ax to everyone. The school crossing guards were let go. Parking enforcement was contracted out, …
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News Alert: Sky Does Not Fall
I have a few more candidates that I would like you to consider supporting in the upcoming mid-term elections. The first of these candidates is Deon Long, running in Florida’s 24th Congressional District. Please check out Where Deon Long Stands on Issues. Deon Long Writes … Dear Mish, I am in a five-way primary battle for the Republican nomination in Florida’s 24th Congressional District. I am running to represent Florida’s24th Congressional District because America needs to …
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Deon Long for Florida District 24
Forward S&P 500 earnings estimates are outrageously optimistic as noted in Hussman on Misallocating Resources, Market Valuations, Earnings Estimates, and Public Policy. The above link addresses what is happening. This post will address the reasons why. Reasons for Nonsensical Earnings Estimates Analysts do not do their homework on what is really happening and why. Instead they see rising earnings and take them at face value, nearly always figuring following quarters will be better …
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Five Reasons for Nonsensical Forward Earnings Estimates
Nouriel Roubini appears to be sticking with his “U-Shaped Recession” call, at least for now. However, his stance seems much more cautious than before. Please consider Double-Dip Days by Nouriel Roubini. The global slowdown – already evident in second-quarter data for 2010 – will accelerate in the second half of the year. Fiscal stimulus will disappear as austerity programs take hold in most countries. Inventory adjustments, which boosted growth for a few quarters, will run their …
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Roubini Ponders the "L-Shaped Recession"
In response to Union Hires Non-Union Workers at Minimum Wage to Protest a Company Hiring Non-Union Workers “Harm” commented … Now that Mish has brought to light every conceivable form of labor union hypocrisy and corruption (and I must admit, he really hit the mark on this one), can we move on the *other* evil “unions” that are robbing us all blind? Hold your horses. Please consider the following image snips from the New York Metro “News” Report Attack on Iran …
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Transit Union Plays Nuclear Terrorist Card
Rick Babson's Mirror on Olathe: Scam artists see opportunity in storm debris Kansas City Star City officials this week said no one has been authorized by the city to do any such work on private property. If anyone contacts you in this way, … and more
Alex man avoids scam attempt The Herald Bulletin Ice said he has been unemployed and has put in numerous applications looking for work , and he wanted to share his experience to alert others of a scam on a …
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Alex man avoids scam attempt – The Herald Bulletin