Archive for the ‘Economy’

  • Basic Salaries Up By 10 % For FTSE Despite Bad Economy>
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    Basic Salaries Up By 10 % For FTSE Despite Bad Economy
    Its not all pay cuts and job losses, the directors of FTSE actually saw a 10 % hike in their salaries last year according to Finance Markets. The FTSE 100 had suffered huge losses last year, yet that did not affect the pay hike for their directors. The FTSE companies had almost one third of their value depreciated economically, but the salaries of employees was always on the rise even in the lean period. An annual survey conducted by guardian reports that the full and part time directors of the company shared about £1 billion between themselves. All this happens in the weakest of economic times. £791,000 is seen to be the average salary of the chief executive of a senior bluechip company. The salaries seem to include bonus amounts, transport allowance, children education allowance and dental  [...]
    at September 18th, 2009 at 04:09 am
  • What Is Recovery With Unemployment High?>
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    What Is Recovery With Unemployment High?
    You might have heard in recent times about the fading recession and the recovering economy but is there reason no for us to rejoice when unemployment is so high? According to Labor Department reports August 2009 saw an unbelievable percentage of 9.7 % in unemployment which his the highest since the last 26 years! With such a large mass jobless can we think that we are in anyway in the proximity of economic progress? Salaries might have increased for the already employed and people’s spending powers might have increased in the past few days which might make us think that the economy has improved. But when so many people are depressed because of job losses we cannot think that any kind of major economic progress has been made. The recession has hit the psyche of the common American negatively.  [...]
    at September 12th, 2009 at 04:09 pm
  • Does America Remain The Economic God In Future?>
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    Does America Remain The Economic God In Future?
    Till now America’s the economic destination of individuals from all over the world. America, the sole superpower with one of the most flourishing economies of the world, was aptly labeled as the land of opportunities by many. Not only the American nationals but immigrants from the rest of the world have utilized the economic resources of America to climb up the ladder of success. Education and employment in America has been the dream of many. But the recession seems to have changed the dynamics of this unique position occupied by America in the global economy. There’s a fall in its economic stature and the world seems to be shifting its focus to newer pastures. Is it time for us to now think that America’s going to lose its status as an economic God in the future? Well, at present many  [...]
    at September 12th, 2009 at 04:09 am
  • Obama’s Saving For Retirement Goodies Look Good!>
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    Obama’s Saving For Retirement Goodies Look Good!
    Saving for retirement seems to have been a hassle for many of us. Even though I wanted to save up, I could not because of the bad economy and survival issues in the present times was the priority. But now the Obama retirement savings schemes seem to have made it easy for us to save up something for that period when we’ll not be earning anymore. According to the Bloomberg report , the President on  radio coverage says that the savings of the nation is “essentially zero”. He says, “We cannot continue on this course. And we certainly cannot go back to an economy based on inflated profits and maxed-out credit cards.” Its rather alarming to know that 78 million Americans that constitutes half the work force don’t plan for retirement! According to treasury Secretary Timothy Geithner,  [...]
    at September 11th, 2009 at 02:09 pm
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