Louisiana state employees likely forgoing pay raises

In Louisiana, state employees may be facing a limit on annual pay raises. This would be the second year of pay freezes in the state. Employee advocates, however, are calling this move the equivalent of a payday loan for the state. Louisiana state pay raises The state of Louisiana is facing a $1.6 billion budget

Bellagio Casino arrest: Judge’s son stole $1.5 million in chips

The story of the Bellagio Casino robbery, in which a man walked out with $1.5 million in chips, already sounded like it came out of a movie. Now, the added twist of the Bellagio Casino arrest makes it seem even more “Ocean’s 11.” A 29-year-old, Anthony Carleo, the son of a municipal judge, has been
Speed limit

Baltimore doubling down on speed cameras

In Baltimore, Maryland, city lawmakers are considering adding more speed cameras. These automated speed traps have been reducing speeding but not accidents. Even if the city does add more tickets, these cameras are not making money for the city. Baltimore speed cameras In Baltimore, Md., the city council set up several speed traps in “high

Blackout of Egypt internet cost millions in lost revenue

The five-day blackout in Egypt of internet connection made the entire nation go dark. Social networking sites and communications were lost, but the crackdown on communications by the government cost something more. It is estimated that Egypt lost up to $90 million in revenue. Millions lost as government shuts down Egypt’s internet The reason the
repeal health care reform

Senate passes 1099 repeal, rejects health care repeal as expected

The 1099 repeal amendment that was approved by the Senate Wednesday was a no-brainer. Repeal of the 1099 rule, an onerous administrative burden for small businesses, was the single aspect of health care reform upon which both sides of the aisle agreed. But a bill to repeal heath care reform pushed by Republicans failed in

Fannie and Freddie raising mortgage loan lenders risk fees

Fannie Mae and Freddie Mac have announced a raise in the risk fees they will charge mortgage loan lenders. The mortgage insurance houses are charging lenders more to buy the loans and sell them to investors. Higher costs for obtaining loans may be passed on to borrowers. Fees charged to mortgage loan lenders to rise
New York street sign at Wall Street and Broad. U.S. flags are visible in the background.

Wall Street pay rises to record levels

Total compensation and benefits for publicly traded Wall Street banks and securities firms hit a record of $135 billion in 2010, a 5.7 percent increase over 2009, reports the Wall Street Journal. While more salary is deferred than before, the increase in base Wall Street pay more than compensates. Wall Street salaries a ‘Get Out