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...true, we're in a recession, and nearly 1 in 10 workers is unemployed. There are plenty of people willing to work for less money. But in other recent recessions salary growth hasn't slowed this much. Going back to the early 1990s, base salaries never increased by less than 3.4% a year, according to Hewitt, which polled 1,156 large companies to get its latest data. Companies desperate to slash costs are turning to worker salaries more deliberately than they have in the past. Some 48% of companies have frozen salaries this year, compared to just 2% last year...

Author: /time Magazine | Title: Pay Raises Are the Worst in 33 Years | 8/12/2009 | See Source »

...based compensation is on the rise. If you've got the numbers to prove you're a top worker, your earnings are somewhat insulated from the broader trend. For 2009, a full 12% of corporate payrolls have been devoted to bonuses, according to Hewitt. That's up substantially in recent years, from just...

Author: /time Magazine | Title: Pay Raises Are the Worst in 33 Years | 8/12/2009 | See Source »

...recent days, despite the regime's heavy-handed efforts to stifle the resistance, public demonstrations have become more decentralized and frequent as protesters become increasingly bold and defiant. This shift in mood - from despondency in late June after the Basij fired on protesters following the June 12 presidential election, to a renewed sense of optimism - signals that the vocal opposition movement will not be going away anytime soon. "It's the national duty of every single man and woman to go to the streets," said a university student protester in her mid-20s. "This is far from over...

Author: /time Magazine | Title: New Momentum — but No Clear Goal — for Iran's Street Protests | 8/11/2009 | See Source »

...according to one witness, some have kicked the canisters back at the riot police. Now the Basij go at the demonstrators with chains, whips, Tasers and metal pipes. One protester said she has seen them use paintball guns to tag protest leaders for later arrest. At a recent press conference, the prosecutor general of the ongoing mass trials said that on average 100 people - many assumed to be protesters - have been arrested per day since June...

Author: /time Magazine | Title: New Momentum — but No Clear Goal — for Iran's Street Protests | 8/11/2009 | See Source »

...outcome of the trial was unsurprising. "I'm afraid the verdict will be painfully obvious," Suu Kyi was heard to say in court last month. But she isn't going to prison. According to recent reports, she was stockpiling Winston Churchill's biographies and other books in anticipation of jail time. "If you are going through hell," Britain's wartime leader famously said, "keep going." Suu Kyi and her supporters can do little else...

Author: /time Magazine | Title: Burma Court Finds Aung San Suu Kyi Guilty | 8/11/2009 | See Source »

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