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Meltdown 101: Consumer prices, by the numbers A surprising detail can be found in Friday's report on consumer prices: By the Labor Department's reckoning, Americans are paying more for housing than they were a year ago. The Philadelphia InquirerKishore Singh: Out-drunk by my mother! Last time she went to Jaipur, on work and to meet her mother, my wife brought back all the bottles of alcohol that my father-in-law had stored in his bar because, she said, out of loneliness her mother had taken to helping herself to capfuls of whatever spirit came her way, so that increasingly she spent her days in a happy haze. But she my wife, that is negated it by bringing my mother-in-law along as well, so no good came of the exercise of divorcing her mother from her drink. Business StandardViolent Video Game Law Ruled Unconstitutional The 2005 law prohibited the sale of violent video games to anyone under 18 and imposed a fine of as much as $1,000. InformationWeekStimulus: It`s law. Now on to budget President Obama took two big steps forward this week in his campaign to heal the nation's ailing economy: He enacted a stimulus bill and pulled back the curtain on his plans for helping homeowners. CNNNAFTA Renegotiation Must Wait, Obama Says - Truthout.com President warns against protectionism. Ottawa - President Obama warned on Thursday against a "strong impulse" toward protectionism while the world suffers a global economic recession and said his election-year promise to renegotiate the North American Free Trade Agreement on behalf of unions and environmentalists will have to wait. Obama made the comments as he stood with Canadian Prime Minister Stephen Harper during his first trip abroad as president. The two pledged cooperation on efforts to stimulate the economy, fight terrorism in Afghanistan and develop clean energy technology. In a joint news conference, Obama said he wants to find a way to keep his campaign pledge to toughen labor and environmental standards - and told Harper so - but ... NewsRackKlafter Olsen & Lesser LLP Announces That Workers Win $2.5 Million in Jury Verdict Against Staples, Inc. NEWARK, NJ--(Marketwire - February 20, 2009) - A Newark federal court jury today awarded almost$2.5 million against Staples Inc. (NASDAQ: SPLS) to 343 plaintiffs in acase brought under the federal Fair Labor Standards Act (FLSA). Followinga six week trial, the jury unanimously determined that Staples, Inc. hadfailed to comply with the law in classifying the employees as exempt underthe Act and failing to pay them overtime. The jury also found that Stapleshad acted willfully in violating the law. Staples' liability could beincreased as the Court will next month be hearing applications for theimposition of liquidated damages in an amount equal to the jury verdict andfor attorneys' costs and fees. MarketwireNew Economic Dept in Abu Dhabi UAE President HH Shaikh Khalifa Bin Zayed Al Nahyan has issued a new law to set up the Economic Development Department to replace the current Department of Planning and Economy, WAM has reported. The new department is st up to streamline the business sector and economic affairs in the emirate, including rules and regulations to issue licences for economic activities as well as preparation of data on the economic index. AME InfoNew Economic Dept formed in Abu Dhabi UAE President HH Shaikh Khalifa Bin Zayed Al Nahyan has issued a new law to set up the Economic Development Department to replace the current Department of Planning and Economy, WAM has reported. The new department is st up to streamline the business sector and economic affairs in the emirate, including rules and regulations to issue licences for economic activities as well as preparation of data on the economic index. [AMEInfo.com] AME InfoAllen & Overy to cut 450 jobs in £44m shake-up Allen & Overy, Britain's fourth-largest law firm, has announced plans to cut 450 jobs at a cost of £44 million. Times onlineConsumer prices show first gains in several months Consumer prices increased in January for the first time in several months, according to new figures from the Department of Labor. The department''s latest Consumer Price Index summary found a 0.3 percent increase in the cost of consumer goods, largely due to rising energy prices. The index had... NASDAQ1 2 3 4 |
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