Ilaina Jonas reports on commercial property in Manhattan:
During the second quarter an additional 4.7 million square feet of office space was put on the market, surpassing the 3.9 million square feet that hit the market in the first quarter.
As journalists get laid off across the world, the number of professional bloggers is growing fast. Michael Learmonth today has a look at AOL’s fast-expanding suite of web properties, with a quote from AOL’s Jeff Levick saying that he “will continue to grow these sites and launch new sites”. Meanwhile, TPM Media has just posted seven new staff positions in one day.
Bank of America this year raised the maximum number of times customers can get hit with overdraft fees from five a day to 10.
The Wikipedia list of successful coups d’état is a very useful resource. You can argue the toss on many of the specifics (was Alberto Fujimori’s dissolution of the Peruvian parliament in 1992 a coup?) but the big picture is clear: Latin American coups are increasingly rare things.
David Carr nails the financial implications of doubling the number of Best Picture nominees at the Oscars. It’s bad for the studios — which will now have even more films to market to the Academy in the hope of winning the award; it’s good for media outlets like Variety which get a lot of those marketing dollars; and it’s something of a wash for viewers:
What is Treasury meant to do with the warrants it acquired as part of the TARP program? Treasury’s proposal is essentially a complicated dance with the banks in question, which involves financial models and a slew of outside consultants and which may or may not end up in front of multiple independent appraisers.