Word: contracts
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Russia's economy - until recently one of the fastest growing in Europe - is in dire straits. In the first three months of this year, output fell by 10% compared with a year earlier. The World Bank now expects the economy to contract by around 8% for 2009 as a whole. Traditional industries such as steel are hurting badly. The decade-long consumer boom has turned into a slump as unemployment soars. The government has cash to spend after years of sensible budget policies, but the central bank will be forced to keep interest rates high as long as inflation...
...work, brought in roughly one-third of the family's income but is now the principal breadwinner. "You worry about losing everything. It's just overwhelmingly scary - and there are no resources for spouses." Janosek was able to increase her work hours, and her husband now has some contract work, which has helped - but it hardly solves the problem. "I am still angry about it," she says. (See 10 ways your job will change...
...received high approval ratings for his military offensive against the cartels and his generally adept handling of this year's swine flu scare. Still, Mexico's terrifying narco-killing keeps reaching record levels, and the recession-racked economy, which depends inordinately on the U.S.'s economic health, may contract by almost 8% this year. Amidst it all, the PAN's good-government image has plummeted, as its leaders and elected officials seem to have traded their vision of reforming Mexico for the same political expediency they used to decry in the PRI. (See pictures inside Mexico's drug tunnels...
William O'Brien, a Hillel accountant contracted from New England financial management firm Insource Services, is accused of having "stolen significant sums of money through fraud" after Hillel discovered financial reporting irregularities in early 2008, according to a letter sent on Monday to the organization's student community from Hillel President and Director Bernard Steinberg and Chair of the Board of Directors Robert Beal. They wrote that Hillel immediately terminated the Insource contract after discovering the irregularities and has worked with the state Attorney General's office for over a year to investigate the parties responsible...
...best reason to take a stand against Strasburg, though, is money’s egregious influence in baseball. Superagent Boras is responsible for some of the largest contracts in the history of the game, many of which smell suspiciously of price gauging. Now that the Nationals have secured the right to sign Strasburg, Boras is reportedly demanding a $50 million contract for his young client. This ridiculous sum is simply not the fair market value for a pitcher who has never played an inning of pro ball. Moreover, teams pass the cost of such inflated contracts along to the fans...