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Click here to visit the new home of Politics Daily!(Nov. 9) -- Try Googling the phrase "let the good times roll." Internet search engine giant Google is set to dole out $1,000 cash bonuses to all of its employees, Business Insider reported. If that wasn't enough to brighten worker spirits, CEO Eric Schmidt also announced that the company would give each and every person employed at the company a 10 percent raise, effective at the start of 2011. A source from within the company sent Business Insider the e-mail Schmidt is said to have written to Google employees. It reads: I'm pleased to share some very, very good news with Googlers ...
(Aug. 14) -- Few economists, politicians, small-business owners or American unemployed who number in the millions would disagree with Thomas Hoenig's opening assertion at a town hall meeting in Lincoln, Neb. "These are trying times," said Hoenig, a voting member of the Federal Reserve's interest rate-setting committee and president of the Kansas City Fed. "Not in decades has the Federal Reserve seen such challenges in how it conducts monetary policy," Hoenig added, noting that the unemployment rate approaches 10 percent, that the financial system remains under stress, that community banks ...
The Democratic majority in the House has tucked a $90 million increase into the staff budgets of members in anticipation of the 2010 Congressional elections. The 15% increase will be allocated equally to each member and may be used for any legal purpose the member wishes within his own office. But some are questioning the need for the increase in a time of economic uncertainty and the dubious legality of the expenditure it will likely fund.The House Chief Administrative Officer's request for the boost in members allowances says that the money is necessary in part to cover a biennial increase ...
The Olympian:Gov. Sarah Palin says she didn't ask for a pay raise and won't accept one during her current term. That's from her spokesman, Bill McAllister, who says he talked to the governor about the $25,000 raise that a new state commission is recommending this week. It's unclear if Palin would give the money to charity - as commission chairman Rick Halford suggested - or simply not receive the extra pay. While it's still one of the least taxed states in the union, theres no income tax or sales tax and every Alaskan gets a check yearly for their share of oil revenue, the drop in the price ...
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