Jul
12
2009
Stimulus Woes and Bonuses Galore?
- President Obama has responded to concerns about the stimulus plan, saying it will kick in later this year.
- AIG executives are seeking approval to give bonuses of up to $235M to employees in the special ‘financial products’ unit.
- Top banks are hinting that credit cards on fixed rates may vanish, replaced by variable interest rate contracts tied to the prime rate.
- The interim government in Honduras has lifted the overnight curfew that has been in place since President Zelaya was ousted.
- The ‘three strikes’ french law against copyright infringement has been brought back by President Nicolas Sarkozy. Under the law, if you violate copyright online, Strike 1: your internet will be cut, Strike 2: you will be fined, and Strike 3: you will be put in prison.
- Months after the outbreak of the Swine Flu pandemic, the Ebola virus has been found in some pigs and has infected some farm workers.
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