With a key interest rate already near zero, Federal Reserve policymakers are weighing what other tools they can use to jolt the country out of recession.
Fed Chairman Ben Bernanke and his colleagues resume their two-day meeting Wednesday, and at its conclusion they are all but certain to leave a key bank lending rate at a record low to try to bolster the economy, which has been stuck in a recession since December 2007.
03/18/2009
— Filed under: Business
Tags: bonuses, Fed, rates
Read more: Аренда авто украина прокат авто - budget.ua/ фото автомобилей.
When Ford and the United Auto Workers reached an agreement last month on retiree health care, it was touted as a model for the industry, one that could save the companies from faltering under the multibillion-dollar burden.
03/18/2009
— Filed under: Business
Tags: agreement, Chrysler, Ford, obligations
The high number of out-of-work residents collecting jobless benefits in Indiana has triggered an automatic 13-week extension of unemployment benefits. A look at the state’s extended benefits program:
03/17/2009
— Filed under: Business
Tags: benefits, Indiana, unemployment
The United States Congress is considering, in effect, denying workers the right to a secret ballot in union certification voting under the so-called Employee Free Choice Act (EFCA).
This legislation reveals real disdain and disrespect for individual workers.
If freedom means anything, it means being able to decide for yourself.
03/17/2009
— Filed under: Business, Society
Tags: Congress, EFCA, employee
Some people are vengeful, calling for jail, public humiliation or even revolution over the decision by A.I.G. to award $165 million in bonuses to employees who were in part responsible for the insurance giant’s near collapse — though few go as far as Senator Charles Grassley, Republican of Iowa, who has suggested that company executives should “resign or go commit suicide.”
03/17/2009
— Filed under: Business
Tags: A.I.G., goverment, nationalization
Ordinary folks near the New York Stock Exchange on Tuesday were sickened by the thought that AIG fat cats may get humongous bonuses:
- John Rodriguez, 24, an unemployed cook from Williamsburg, Brooklyn:
03/17/2009
— Filed under: Business
Tags: A.I.G., bonuses, NYSE
