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Board debates interest rate on late taxes, would-be mining ordinance's inclusion on town meeting warrant

If someone is late paying their taxes, it is because they couldn’t pay them, not because the interest the town charges wasn’t enough incentive to pay on time, Alna Third Selectman Coreysha Stone said Wednesday night, Feb. 14. The board, drafting the...
United States Steve Graham Cathy Johnson John Odonnell Ed Pentaleri Alna Third Selectman Coreysha Stone

Explainer-European banks and their $1.5 trillion commercial property headache

By Tom Sims and John O’Donnell FRANKFURT (Reuters) – European banks have about 1.4 trillion euros ($1.50 trillion) in loans to the troubled commercial property industry, amid a steep fall in office prices on both sides of the Atlantic and investor concerns about lenders’ ability to handle the risk. Banks in Germany have become a…
United States John Odonnell Tom Sims Jens Tolckmitt Deutsche Pfandbriefbank Alexandre Grellier

Exclusive-Ukraine refuses to take Raiffeisen off Russia war blacklist

Ukraine has refused to remove Raiffeisen Bank International from a "sponsors of war" blacklist, challenging the biggest Western bank in Russia to sever its ties to Moscow. In a letter sent to Raiffeisen earlier this month, which was seen by Reuters, Ukrainian officials questioned what the bank was doing to leave Russia, saying much of its plans were vague and incomplete. The correspondence ratchets up pressure on one of Austria's largest banks and adds to tensions between Kyiv a...
United Arab Emirates Alexander Schallenberg John Odonnell Jane Merriman Tom Balmforth European Union
Source: yahoo.com

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Exclusive-German landlord TAG warns home prices could fall 30% from peak

German home prices could fall as much as 30% below their 2022 peak, one of the country's largest landlords told Reuters, in a more pessimistic assessment than rivals highlighting the continued threat posed to Europe's biggest economy. TAG Immobilen co-CEO Martin Thiel painted a bleak picture for Europe's biggest residential property market, which has already seen prices tumble by around 10% in Germany's worst property crash in a generation. "We expect further losses in...
United States John Odonnell Rolf Buch Matthias Inverardi Alexander Smith Tom Sims
Source: yahoo.com

John O'Donnell: Can a simple brick be the next great battery?

The world relies on manufacturing, and manufacturing relies on heat — a massive contributor to global carbon emissions, responsible for a quarter of the world's fossil fuel use. Energy entrepreneur John O'Donnell has figured out a better, cleaner way to generate the heat we need to make the stuff we want. Learn how his team turned simple bricks and iron wire into a powerful, unconventional "heat battery" that could deliver industrial heat at scale without the emissions — ...
John Odonnell Johno Donnell Climate Change Renewable Energy Fossil Fuels
Source: ted.com

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