| | November 01, 2011 | | SPEEDBUMP World markets took a dive Tuesday on fears that Europe’s hard-won debt deal could disintegrate. Greek Prime Minister George Papandreou announced that his nation will hold a referendum on the bailout package, saying it’s up to the people to decide whether to adopt the deal. The package would give $182 billion to cash-strapped Greece, but also imposes unpopular austerity measures that critics say could further threaten the euro zone. A survey Saturday showed that nearly 60 percent of Greeks see the potential bailout as negative or probably negative. FINANCE Where’s the money? Hundreds of millions of dollars of customer money have gone missing from MF Capital, the brokerage firm managed by former New Jersey governor and U.S. senator Jon Corzine. The missing cash was enough to scare away a rival firm that had planned to rescue the company by buying a major part of it; as a result, MF Capital filed for bankruptcy on Monday. The Daily Beast’s Charlie Gasparino on Corzine’s lousy track record on Wall Street. Politics Hope you’re not expecting lurid details. Herman Cain told Fox News’s Greta Van Susteren Monday that he was accused of sexual harassment by one of two women after measuring her height. Cain says the woman, whose name he does not remember, was in her 30s or early 40s and that he would see her because their offices were on the same floor. Asked about the alleged gestures he made that led to the complaint, Cain said, “She was in my office one day, and I made a gesture saying—and I was standing close to her—and I made a gesture saying, 'You are the same height as my wife.' And I brought my hand up to my chin saying, 'My wife comes up to my chin.’” Cain said the woman’s allegations were “baseless” and that he was “totally unaware” of formal charges related to the second woman. Protests Occupy Nashville will be staying put: a federal judge issued a temporary restraining order Monday blocking a curfew that Nashville had imposed last week in order to constrain Occupy protests. Dozens of people were arrested over the weekend for defying the curfew. The decision, however, is not final. The restraining order is active for 21 days, and a new hearing is scheduled for Nov. 21. 1 Percent If only everyone could profit so much from losing their jobs. According to The Wall Street Journal, at least four CEOs are currently in line for payouts of more than $50 million—including $100 million to former Nabor Industries CEO Eugene Isenberg. Motorola Mobility’s chief, Sanjay Jha, could make $65.7 million as part of Google’s takeover of the company. And an additional four CEOs could make more than $30 million from deals that have already been completed or are pending. These big packages are all related to corporate mergers, although many CEOs who have been laid off had a good year, as well: HP’s Leo Apotheker received $13 million, while Yahoo’s Carol Bartz got $10 million. ADVICE How to Be Happy You’re not depressed; our brains just aren’t equipped for modern life. | |
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