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Ailing Calif. economy could prolong recession
California faces a $24 billion budget shortfall, an eye-popping amount that dwarfs many states' entire annual spending plans.Beyond California's borders, why should anyone care that the home of Google and the Walt Disney Co. might stop paying its bills this weekVirtually all states are suffering in the recession, some worse than California.U.S. Races Ahead in Global Telecom Study
Americans may look with envy on the super-fast Internet connections available in South Korea, Japan and parts of Europe, but they can take consolation from a new study that concludes that the U.S. makes better overall use of its telecommunications.Corporate Trade v. Golf Channel
Contract Interference Claims Over Golf Club TV Advertisement Rebates Held Time BarredFewer Options? Companies Strive to Change Stock Award Programs
Valerie Diamond at Baker & McKenzie says options exchanges have exploded over the past year as a result of the recession. Companies want to give employees more incentive by replacing underwater options with restricted stock.ACLU Files Lawsuit Over Pentagon Surveillance Database
The American Civil Liberties Union filed a lawsuit in federal court Wednesday demanding information about a Defense Department database that tracked anti-war groups and U.S. citizens. The suit charges the Pentagon with violating freedom of information laws by refusing to answer questions about the database, which is part of an anti-terrorism initiative. "The U.S. military should not be in the business of maintaining secret databases about lawful First Amendment activities," said ACLU attorney Ben Wizner.View more book results for the query "*"
Manhattan BigLaw Boss Wins Senate Approval for Federal Bench
Minimum Wage Measure Passed in House, Moves to Senate
House Democrats, with help from 82 Republicans, overwhelmingly passed legislation Wednesday that would eventually lift the minimum wage by $2.10 an hour, the first increase in a decade. The legislation moves to the Senate, where Democrats intend to add billions of dollars in tax breaks to make it easier for business to swallow. "Let us raise the minimum wage. Let us help small businesses cope," said Sen. Max Baucus, D-Mont, helping craft tax breaks aimed at businesses that hire low income workers.Trending Stories
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