These public servants are earning millions - (www.cnbc.com) At
a time when the cost of college is an increasing worry for many families,
running a public college is becoming a more lucrative job. Nine public-college
presidents earned more than $1 million a year in total compensation in the
2012-2013 fiscal year, a new analysis from The Chronicle of Higher Education
finds. That's up from four in 2011-2012 and three in 2010-2011. The analysis of
presidents at more than 200 public universities and systems found that most
public college presidents were far from the million-dollar mark. The median
total compensation for the 2012-2013 year was $478,896, a 5 percent increase
over the previous year. The highest-paid college president was E. Gordon Gee,
former president of Ohio State University. He had total compensation of more
than $6 million while at Ohio State, the report found, although much of that
was due to deferred compensation and severance pay.
Swiss Voters
Just Rejected A $25 An Hour Minimum Wage - (www.businessinsider.com) Swiss
voters on Sunday rejected proposals to introduce the world's highest minimum
wage and spend $3.5 billion buying new Gripen fighter jets from Saab. About 76
percent of voters in the wealthy nation dismissed the proposal made by Swiss
union SGB and backed by the Socialist and Green parties for a minimum wage of
22 Swiss francs ($25) per hour, final results showed. Meanwhile, some 53
percent blocked a government plan to free up funds to
replace Switzerland's aging fleet of fighter jets with 22 Gripen jets from
Saab. Just over 55 percent of those eligible voted, the government said. The
clear rejection of the proposed minimum wage - which corresponds to a monthly
paycheck of 4,000 francs (about $4,500) - brings relief to business leaders
worried the measure would have hurt competitiveness and damaged the Swiss
workplace.
Whatever it takes: Seniors seek roomies to
survive - (www.cnbc.com) Living
with roommates when you're 25 is one thing. When you're 65, it's another
story—but it's a reality for a growing number of older Americans. Middle-class
seniors and the growing wave of baby boomers behind them want to stay in their
homes and communities as they grow old, but escalating costs of everything from
food to medication to property taxes; battered retirement portfolios; and
dwindling savings have today's older Americans looking to become ad hoc
landlords or tenants, even if the practice is forbidden by zoning restrictions.
"With high costs of living today, and diminished resources of seniors,
renting and sharing excess space in one's dwelling will certainly call into
question the relevance of current laws," said Robert Stein, president and
CEO of the American Society on Aging, via email. Ultimately, while these kinds
of arrangements can give seniors a richer life as well as financial stability,
Stein said there were plenty of instances where people attempting these kinds
of living situations had run afoul of authorities.
Greek
Selloff Shows Rush for Exit Recalling Crisis: Euro Credit - (www.bloomberg.com) Bondholders
in Europe just got a wakeup call. After a four-month rally in euro-region debt,
yields on Italian and Spanish bonds had their biggest one-day jump in almost a
year last week as a selloff that started in Greece spread. With bids
evaporating and prices sliding, traders poured into derivatives as they rushed
to protect against losses. Italy’s and Spain’s bonds extended that slump today.
Even with borrowing costs from Ireland to Italy near record lows, the sudden
price swing shows they’re not immune to the bouts of volatility that
characterized the four-year debt crisis. The risk is that speculative traders,
who bought debt on the assumption the European Central Bank would support the
market, may try to flee at the same time if the outlook darkens. “You only know
how wide the door to the exit is when there are a few of you trying to push
through at the same time,” Michael Riddell, a London-based fund manager at
M&G Group Plc, which oversees the equivalent of $417 billion, said on May
16. “I don’t think liquidity has been that great in peripherals at any stage.”
Portugal exits bailout poorer
and long way from recovery - (www.cnbc.com) As
Portugal's government toasts its exit from an international bailout that
imposed years of austerity on its citizens, small business owner Alexandra
Capelo is in no mood to join the celebrations. From Lisbon's poorer
neighbouring city of Almada across the River Tagus, 42-year-old mother of two
Capelo is one of the nearly 800,000 people, or 15 percent of the workforce,
still unemployed as the country takes back control of its finances. "Things
have gotten worse since last year, business and job-wise," said Capelo, who
has relied on a home-based sweets business to supplement her jobless benefits
since being laid off as a graphic designer in January. On Saturday, Portugal
becomes the second euro zone state after Ireland to exit a bailout, having
stuck to the European Union's recipe of belt-tightening to beat the euro zone
crisis.
U.S.
Charges Five Chinese Military Officers With Spying - (www.bloomberg.com)
Thai PM in crisis meeting with Senate as protesters move to oust him - (www.reuters.com)
Thai PM in crisis meeting with Senate as protesters move to oust him - (www.reuters.com)
Ukraine
crisis will be 'game changer' for NATO - (www.reuters.com)
The $1 billion Chinese oil rig that has Vietnam in flames - (www.washingtonpost.com)
The $1 billion Chinese oil rig that has Vietnam in flames - (www.washingtonpost.com)
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