A CEO has been murdered by a group of employees he had earlier laid off. The head of an Italian car parts maunfacturer, Lalit Kishore Choudhary, died Monday afternoon of severe head wounds. There has been an ongoing dispute between workers and management at the factory about contracts and money. And, this was not the first incidence of violence: the employees had been laid off following a previous outbreak. Choudhary had called a meeting of these laid-off workers to discuss their possible reinstatement when the riot broke out.
Can’t wait to see Lou Dobbs tonight… continue reading...
The solution being proposed by the Bush administration is the most expensive bailout in the nation’s history, sharply curtailing the ability of the next president to push for tax cuts or new spending.
We will GLADLY post John McCain’s plan if anyone comes across it. Here is Obama’s plan, from his website:
Bring about real change to our economy continue reading...
Joseph E. Stiglitz, professor at Columbia University, was awarded the Nobel Prize in Economics in 2001 for his work on the economics of information and was on the climate change panel that shared the Nobel Peace Prize in 2008. Stiglitz, a supporter of Barack Obama, was a member and later chairman of the Council of Economic Advisers during the Clinton administration before joining the World Bank as chief economist and senior vice president. He is the co-author with Linda Bilmes of the “Three Trillion Dollar War: The True Costs of the Iraq Conflict.”
This is not the first crisis in our financial system, not the first time that those who believe in free and unregulated markets have come running to the government for bail-outs. There is a pattern here, one that suggests deep systemic problems — and a variety of solutions: continue reading...
Times sure have changed:
Russia had the second-highest number of billionaires in the world this year, but when it comes to wealth in government, the former Soviet Union is clearly No. 1. continue reading...
What’s interesting is that the Democrats and Republicans are running over very different stances about GWB’s legacy. Democrats say it was a disaster (it was); Republicans pretend to see it as America’s golden era, or do they believe it?
Who cares. Outsiders see it as a disaster: continue reading...
Say what you want about giving health care to more people… but the cost of that is that it is much more expensive for companies to hire in the US, as they have to foot the bill for health costs.
As a result of this, GM is looking to move all jobs out of the US! continue reading...
Residents who have lost their homes after a recent wave of wildfires in Southern California can rest assured as many measures are being taken as a mean to assist them durng this difficult time.
“The Franchise Tax Board (FTB) today announced several relief measures for the victims of wildfires in seven Southern California Counties. continue reading...
That’s the conclusion of a recent study. More food for thought:
Ipsos Media’s latest business elite survey shows that America’s 630,000 senior business executives represent over 72,000 companies. This group is responsible for over $1.7 trillion in annual expenditures – a figure greater than the gross domestic product of Italy, or that of Russia and Australia combined – and look after the interests of 144 million employees, approximately two thirds of the US workforce, or half the nation’s adult population. continue reading...
