House votes to slap restrictions on how Wall Street executives get paidWASHINGTON — The House voted Friday to slap restrictions on how Wall Street executives are paid after nine banks that took government bailout money rewarded thousands of their employees with bonuses topping $1 million each. Russian hockey league refiles Jiri Hudler’s contract noting NHL attempts to sign KHL playersDETROIT — Russia’s Kontinental Hockey League completed a contract with Detroit Red Wings forward Jiri Hudler on Thursday. Stimulus money for cops is blessing for some US cities; others curse their luckPHILADELPHIA — A $1 billion stimulus program to keep cops on the streets was praised Tuesday as a heavenly blessing in places like tiny Anguilla, Miss. — while New York City and other places that got nothing cursed their luck. Despite frenzy over “card check,” arbitration emerges as key element in union organizing billWASHINGTON — The willingness of some Democrats to drop the “card check” portion of a union organizing bill has led opponents of the measure to intensify their attack on another major provision: Binding arbitration if a new union and management can’t agree on a first contract within 120 days. House panel votes to ban Wall Street pay that encourages excessive risk takingWASHINGTON — A House panel has voted to ban corporate pay practices at financial firms that encourage “inappropriate risk,” going farther than President Barack Obama wanted in trying to rein in excessive salaries and bonuses on Wall Street. Stimulus aid to keep police on the beat going to just 1 in 7 agencies seeking itPHILADELPHIA — The Obama administration on Tuesday announced $1 billion in grants to help keep police officers on the beat during the economic downturn — and tried to assure cities not getting aid that they won’t be stiffed. House chairman wants to toughen Obama’s pay rules for Wall StreetWASHINGTON — A senior House Democrat wants to toughen President Barack Obama’s new restrictions on Wall Street pay by banning salaries and bonuses that encourage what the government considers “inappropriate risk.” Citigroup worries pay czar Kenneth Feinberg will balk at energy trader’s hefty pay packageThe hefty 2009 pay package of Andrew J. Hall, leader of Citigroup Inc.’s lucrative Phibro energy trading unit, may spark a showdown between the New York-based bank and government pay czar Kenneth Feinberg. Report: Citigroup energy trader wants $100M contract honored, Citi worries pay czar will balkThe hefty 2009 pay package of Andrew J. Hall, leader of Citigroup Inc.’s lucrative Phibro energy trading unit, may spark a showdown between the New York-based bank and government pay czar Kenneth Feinberg, according to a Wall Street Journal report Saturday. Strike averted 1 day before opening of Germany’s Bayreuth Festival celebrating WagnerBAYREUTH, Germany — Union leaders say they have signed an agreement with organizers of the Bayreuth Festival, avoiding a strike one day before the world-famous Wagner celebration was to begin. Schwarzenegger, lawmakers agree on closing California’s $26B budget shortfallSACRAMENTO, Calif. — Gov. Arnold Schwarzenegger and California’s legislative leaders agreed Monday on a plan to close the state’s $26 billion budget shortfall, potentially getting the state back on firm financial ground so it can stop issuing IOUs. Legislative leaders, Gov. Schwarzenegger begin discussion of final details on Calif. budgetSACRAMENTO, Calif. — Gov. Arnold Schwarzenegger and California’s top lawmakers restarted budget talks Monday with the hope of hammering out the final details of a deal to close the state’s $26.3 billion deficit. Hong Kong names aide to territory’s leader as new central bank chiefHONG KONG — An aide to Hong Kong’s leader and former bank executive was Friday named to head the territory’s central bank as the Chinese financial center emerges from the economic crisis. Unite union calls strike vote on Barclays’ move to close final salary pension planLONDON — Britain’s Unite union said Friday it will ask members to vote next month on whether to strike against Barclays Bank because of the proposed closure of a final salary pension plan. Sotomayor says pay a ‘difficult’ issue for many judges, but she can live on high court salaryWASHINGTON — Supreme Court nominee Sonia Sotomayor says she’s lived on a judge’s salary for 17 years, and she can, in her words, “suffer through more of it.” UK govt-commissioned report calls for overhaul of bank governance to prevent crisis repeatLONDON — Tighter controls on bonuses, better-trained directors and greater shareholder involvement are among the sweeping changes proposed by a government-commissioned review of bank governance out Thursday. Striking World Cup workers say they struggle to survive as bosses seek billions in profitsJOHANNESBURG — Mildred Mpundo can only afford to serve meat to her family on Sundays. The rest of the week the mother of four scratches meals out of cornmeal porridge and spinach. Schwarzenegger, lawmakers express optimism as talks resume to close California’s $26B deficitSACRAMENTO, Calif. — Against a backdrop of IOUs and expanding government furloughs, Gov. Arnold Schwarzenegger and legislative leaders expressed optimism Saturday that they were moving toward a compromise that could end California’s fiscal calamity. As Palin steps down, a look at finances shows toll of ethics complaint on her and AlaskaANCHORAGE, Alaska — Since Sarah Palin abruptly resigned as governor, she has repeatedly cited the bombardment of ethics complaints against her while conceding the financial burden of defending herself had taken its toll. Opposition mayor of Venezuela’s capital ends hunger strike protesting president’s actionsCARACAS, Venezuela — The mayor of Venezuela’s capital ended a hunger strike Wednesday after the head of the Organization of American States agreed to meet with him and other opposition leaders to discuss moves by the government they say erode their authority. In ’solidarity’ with others hurt by recession, 50 Methodist bishops take a voluntary pay cutINDIANAPOLIS — One of the nation’s largest Christian denominations is addressing the nation’s financial crisis with what it hopes will be a spiritual teaching moment as well as a cost-saver. Senate to follow House in posting staff salaries, office expenses on WebWASHINGTON — How your senators are spending their multimillion-dollar budgets for staff salaries, travel and office expenses may soon be just a computer mouse click away. Cuba OKs multiple jobs for workers for 1st time under overhaul of island’s labor systemHAVANA — Cuba is letting workers hold multiple government jobs for the first time under an overhaul of the island’s labor system. Albania’s parliamentary polls considered a test of its political maturityTIRANA, Albania — Prime Minister Sali Berisha faces a tough fight Sunday in national elections seen as a key test of the country’s political maturity as it eyes European Union membership. BBC says it will publish salaries of top 100 executives amid public clamor for opennessLONDON — The BBC says it will publish the salaries of its top executives, amid a clamor in Britain for more openness about how taxpayers’ money is spent. California doomsday: State could run out of cash in 5 weeks; budget crisis may bring big cutsSACRAMENTO, Calif. — To hear Gov. Arnold Schwarzenegger and state finance officials tell it, July 28 is California’s last stand before fiscal Armageddon. Citigroup plans to boost salaries for employees to offset restrictions on bonusesWASHINGTON — Citigroup Inc. is increasing the base salaries of many employees — reportedly by as much as 50 percent for some workers — as it restructures their compensation amid government restrictions on bonuses. Meltdown 101: With renewable energy push and promised federal funding, where are the jobs?Everywhere you turn there is talk of a shift to renewable energy, of building wind farms and solar plants, of making buildings more efficient, of developing biofuels. And of billions in federal funding to help make it all happen. Out of Africa and back: Senegal hoop star returns home after 14 years, tries to mentor youthDAKAR, Senegal — He moves across the sand-specked basketball court swathed in the glossy dark blue jersey of his old Japanese pro team, a keepsake from a career that propelled him around the world. Out of Africa and back: Senegal basketball star returns as mentor and businessmanDAKAR, Senegal — He moves across the sand-specked basketball court swathed in the glossy dark blue jersey of his old Japanese pro team, a keepsake from a career that propelled him around the world. |
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