MONEY (MSM)

July 14, 2015 MONEY (MSM)

Greece needs debt relief far beyond EU plans: secret IMF report

The updated debt sustainability analysis (DSA) was sent to euro zone governments late on Monday, hours after Athens and its 18 partners agreed in principle to open negotiations on a third bailout programme of up to 86 billion euros in return for tougher austerity measures and structural reforms. “The dramatic deterioration in debt sustainability points to the need for debt relief on a scale that would need to go well

July 13, 2015 MONEY (MSM)

Hillary Clinton to propose incentives for corporate profit sharing

Hillary Clinton on Monday will detail what she calls a “win-win” plan to encourage companies to share their profits with employees as she outlines her broader economic vision for the United States, which centers on policies aimed at boosting the wages of middle-class workers, her campaign said. “Hard-working Americans deserve to benefit from the record corporate earnings they helped produce,” Clinton plans to say in New York during the first major economic

July 13, 2015 MONEY (MSM)

Blackstone Selling 1,300 Atlanta jouses in strategy shift

Blackstone Group LP’s Invitation Homes, after spending more than $9 billion in a U.S. property-buying spree, is starting to sell some houses as it shifts focus from rapid expansion to fine-tuning its holdings. The housing landlord has agreed to sell about 1,300 Atlanta-area residences that don’t fit its strategy, which targets communities with higher rents and quality schools, according to Chief Executive Officer John Bartling. “It’s that stage in our