The Obama administration yesterday made a concerted push to boost confidence in downward-spiraling financial markets, assuring Americans that officials are taking the steps necessary to contain the worsening economic damage and to restore the nation's long-term fiscal health.
from Crikey …..A bit rich: Australia's CEO payout shame
Adam Schwab writes:
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Manufacturer Pacific Brands may be about to get millions of dollars in Federal Government grants, just days after it axed 1,800 jobs across Australia.The majority of the job losses are in Victoria, Queensland and New South Wales.
It has been revealed the company might be entitled to a refund for money it has already spent on research and development, and on manufacturing equipment.