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USPS Contemplating 5-Day Work Week

by on 29. Jan, 2009 in Internet, Money, News, Personal Life, U.S

This is fresh off the wires that USPS is contemplating 5-day work week in order to cut costs. They plan to cut 1-day from the work week but that necessarily doesn’t mean they would cut Saturday. A big part of the problem is a decline in mail volume as customers use e-mail for personal and [...]

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Bye Bye Freddie and Fannie

by on 07. Sep, 2008 in Money, News, U.S

If you happen to be in the U.S then by now you have heard about the Government takeover of Fannie Mae and Freddie Mac. This news was surprising to not that many people as the takeover was inevitable. Freddie Mac and Fannie Mae were the largest provider of U.S mortgage securities. Their business model involved [...]

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Economy in the Tank but CEOs get a Pay Raise

by on 24. Jun, 2008 in Finance, Money, News, U.S

If you were the CEO of Merrill Lynch, you made $83 Million joining a company that has been badly hit by the worsening U.S Economy. AP did a survey on the salaries and signing bonuses given to CEOs and found out that even though the economy is in the tank, CEOs seem to be doing [...]

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