How would you react to a 90 per cent pay cut ?
leaders of the seven companies that received bailout cash from the US government, will have to cut their salaries.
Is this a big triumph for the little taxpayer in the midst of a downturn where unemployment rates are shooting up through the roof? Like this blogger suggests?
Things have been looking pretty grim on the US economic front of late: a string of bank failures and mergers, jitters on Wall St, and even the President predicting possible financial panic there if Congress doesn’t act immediately to ease the crisis. Stories of foreclosures and job losses have been filling the press. And of course, what affects the US is likely to affect the rest of the global economy. Is the bad news swamping you? Or have you got ways of staying positive in the face of the onslaught? If so, what are your tips to see the silver lining in every cloud?
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