Walmart Defends Sick Leave Policy Despite H1N1 Fears
abcnews.go.com — The National Labor Committee published a report Tuesday bashing Walmart's sick leave policy, which it said "gives workers demerits and deducts pay for staying home when they are sick or to care for a sick child." (Submitted by amprather) More…
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Wall Street bonuses to rise 40%
articles.moneycentral.msn.com — A new compensation survey described in The Wall Street Journal predicts that Wall Street incentive pay will rise 40% this year. For those in the fixed-income part of the industry, the increase could be closer to 60%. (Submitted by seattlegirluw) More…
Evergreen Solar To Move Jobs To China
wbur.org — A solar panel company that received $58 million in state aid to build its factory in Massachusetts is now moving jobs overseas. Evergreen Solar is shifting some of its production, currently done at a plant in Devens, to China next year, after posting an $82 million loss in the third quarter. (Submitted by bossm4n) More…
New Rules May Force Banks to Acknowledge Losses
articles.latimes.com — A controversial change in accounting rules this year has allowed banks to claim billions of dollars in additional earnings simply by tweaking their bookkeeping, greatly enhancing the appearance that the industry is returning to health. But accounting rule makers are considering further changes that could drain the blood right out of the industry. (Submitted by daxxer) More…
Recession tales: The workplace is changing forever
walletpop.com — When the 15 million unemployed Americans do find jobs again, they'll return to a workplace that is likely to have grown accustomed to less pay for more work, or at least working less hours in a week. The raises that were once part of an annual employee review, if not entirely gone, will take years to get back to where they were before the recession (Submitted by louiebaur) More…
Fannie Mae: "Deed For Lease" Program Will Let Thousands Rent
huffingtonpost.com — Thousands of borrowers on the verge of foreclosure will soon have the option of renting their homes from Fannie Mae, under a policy announced Thursday. The government-controlled company, through its new "Deed for Lease" program, will allow borrowers to transfer ownership to Fannie Mae and sign a one-year lease. (Submitted by eclaires) More…
Weak Economy Means Ads On TV Will Suffer
articles.latimes.com — Buckling under the pressure of a weak advertising market, the broadcast networks have cut prices for commercial time, a rare setback for companies used to commanding ever-higher prices. It shows how the 1 1/2 -year-long recession is finally catching up with the networks. (Submitted by daxxer) More…

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