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...vast number of people I spoke to while canvassing the small towns, farms, and Amish communities of southern Ashtabula County just wanted answers to questions like, “How will I provide my family with healthcare if I lose my job?” and “Which of these candidates is going to bring jobs back to where I live?” The 100,000 or so residents were in a sense primed for Obama’s economic message, and this reflected in the fact that 56% voted him in. Still, at no point...
Police departments might need to make unprecedented changes in order to ensure the integrity of police protection. This may mean reducing the number of armed cops on the street, or reevaluating exactly which cops truly need guns to facilitate their duties. For example, in the Bay Area, transit police are employed to preserve the safety of transit riders. In the majority of cases, a gun might not be needed to fulfill this objective, as shown by this recent incident, guns may counter that purpose. Departments could, alternatively, become more stringent about the police’s freedom to use lethal...
...arrested, admitted that he falsified Satyam's books and that profits were fictitious for several years. The company's true financial condition will not be known until new auditors KPMG and Deloitte are able to review accounts, which is expected to take four to six months. Even the exact number of Satyam employees is said to be inflated. Although Satyam claims to have 53,000 people on its rolls, the investigating agencies are trying to verify the figure, and some estimates say the number could be lower by 15% to 20%. (See pictures of India's disastrous floods...
...erase the uneasiness permeating the high-tech park. Some companies are cutting bonuses, which can amount to more than 40% of workers' pay; when reduced work hours are factored in, some employees are suffering pay cuts of up to 50%. And despite efforts to keep staff on payrolls, the number of layoffs at Hsinchu tripled last year, to 4,400, compared with layoffs in 2007. "Everyone's insecure about their future," says a saleswoman at United Microelectronics Corp. (UMC), who requested anonymity. "I came to Hsinchu 10 years ago for the money. Everyone felt this industry was promising...
...disgraced but politically powerful chairman, an auditor under a cloud, even an attempted suicide. (Satyam's chief financial officer, Srinivas Vadlamani, was unsuccessful. Enron executive J. Clifford Baxter died.) There is one big difference. Enron imploded, and its employees were kicked to the curb. But Satyam's workers, who number about 50,000, may be spared sweeping layoffs...