Word: payes
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...December, Citi and the feds struck a deal to get the bank out from under the government's most stringent pay rules. Citi paid back $20 billion of the money the government lent the bank, and the Treasury Department agreed to declassify Citi as one of the firms deemed to be receiving "exceptional financial assistance." (See the best business deals...
...includes graphs of housing prices. With voters consumed with their checkbooks, he ramps up the wonkishness, offering an Index of Leading Leading Indicators and closing the book with a 64-point agenda on issues ranging from tort reform and the construction of nuclear power plants to hiking teacher pay and appointing strict constitutionalists to the bench. No Apology is Romney's attempt to position himself as the business-savvy candidate economic conservatives can coalesce behind, which isn't a bad tactic. Still, he's now given his opponents, both known and still unknown, a peek at his campaign playbook. When...
Every week, unofficial sources of information in Iran (that is, blogs and social media) report labor problems. This week, there was a report about a privately owned industrial-parts company in Isfahan, Iran's third largest city, that has failed to pay 200 of its employees for the past seven months. About 80 angry workers forced their way into a board meeting, compelling company managers to hastily promise an initial payment within days and a settling of all debts by the end of the Iranian year in mid-March - with New Year bonuses as an added sweetener. (See pictures...
Similar promises were also reportedly made last week by the director of a large steel plant, also in Isfahan, after workers announced the beginning of a hunger strike to protest large discrepancies in pay. Reassuring words from the director were followed by a tour of the plant by security staff, who demanded that the organizers of the strike be turned in to company management...
...over 13 months of unpaid wages, numerous factories operating at 20% to 30% capacity and up to 2,000 layoffs in the power industry as three major companies began cost-cutting measures. Meanwhile, mine workers in Gorgan province have reportedly gone unpaid for six months, their employers failing to pay state insurance and allowing conditions to drop below legal minimums for health and safety. One report by a nongovernmental organization said that Iran's power industry is close to ruin because of $5 billion in unpaid government debts. A spokesman for the electricity industry syndicate claimed that...