BUSINESS INSIDER– Goldman Sachs is going to fire employees in the U.S. and some other countries so that it can hire 1,000 in Singapore, where it’s cheaper. Charlie Gasparino heard the news from people who were briefed on the hiring in Washington. He says Goldman gave Washington the heads up because hiring offshore is likely to cause a backlash. He … Read More
AL JAZEERA– The rapid rise in prices for food, fuel and commodities has been disastrous for the world’s poor, including Indonesian market vendor Lia Romi. But it’s a bonanza for multinational trading firms such as Glencore. While Romi has trouble feeding her family, Glencore – the world’s largest diversified commodities trader – is planning a US$11billion share sale, likely the … Read More
CBS NEWS – The CEOs of most S&P 500 companies raked in an average compensation of $11.4 million in 2010, amounting to a 23 percent pay raise over 2009, according to a new study from labor union coalition the AFL-CIO.The AFL-CIO compiled the data as part of its Executive Paywatch initiative, which aims to make information on executive compensation more … Read More
THINK PROGRESS– Today, hundreds of thousands of people comprising a Main Street Movement — a coalition of students, the retired, union workers, public employees, and other middle class Americans — are in the streets, demonstrating against brutal cuts to public services and crackdowns on organized labor being pushed by conservative politicians. These lawmakers that are attacking collective bargaining and cutting … Read More
THE NEW YORK TIMES – Erik Prince, the founder of the international security giant Blackwater Worldwide, is backing an effort by a controversial South African mercenary firm to insert itself into Somalia’s bloody civil war by protecting government leaders, training Somali troops, and battling pirates and Islamic militants there, according to American and Western officials. The disclosure comes as Mr. … Read More
