The Biden administration wants airlines to compensate passengers with money, food, and hotel rooms when flights get canceled or seriously delayed. But airlines are pushing back. A new mortgage rule for home buyers is in effect. Critics say the Robin Hood-like rule forces people with good credit to pay more to support people with bad…
New Rule to Penalize Good Credit Borrowers, Will Reward High-Risk Individuals
New Mortgage Rule to Penalize Good Credit Borrowers, Will Reward High-Risk Individuals
The Biden administration wants airlines to compensate passengers with money, food, and hotel rooms when flights get canceled or seriously delayed. But airlines are pushing back. A new mortgage rule for home buyers is in effect. Critics say the Robin Hood-like rule forces people with good credit to pay more to support people with bad…
Major Update on COVID Vaccine Injuries: US Government Begins Compensating the Victims | Facts Matter
It was just confirmed that, for the first time ever, several people in the United States were given financial compensation for the injuries that they received from the COVID-19 vaccines. According to new data put out by the Department of Health and Human Services, three individuals have received compensation through one of the federal government’s…
WestJet Says Third Parties Should Share Compensation Costs After Flight Delays
WestJet Airlines is asking the federal government to allow airlines to recover passenger compensation costs from other aviation industry partners, if it believes those partners played a role in causing flight delays or disruptions. The CEO of the Calgary-based airline, Alexis von Hoensbroech, made the comments in Calgary on Wednesday during a Chamber of Commerce…
High Cost of Stock Compensation Will Squeeze Tech Investors
Commentary Technology investors had a rough year in 2022. The Nasdaq Composite Index went down around 33 percent. Despite a rebound so far this year, investors are faced with lower revenue growth and a significant structural hurdle—consequences of increasingly higher stock-based compensation awards. This isn’t a new phenomenon. Technology firms have been gifting lucrative stock…
Energy Infrastructure Payments a ‘Slap in the Face’
A move to pay landowners $200,000 per square kilometre for energy infrastructure imposed on their properties has been labelled a slap in the face. Residents living in the path of several projects in regional Victoria have previously protested against high-voltage power lines and towers more than 80 metres high and are calling for infrastructure to…
Annual Labor Productivity Saw Biggest Drop in 49 Years in 2022
February 3, 2023
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U.S. worker productivity saw its largest annual decline in 2022 in nearly five decades, despite an improvement in the fourth quarter. Nonfarm labor productivity, which measures hourly output per worker, fell 1.5 percent in the fourth quarter from the year-ago period, the Department of Labor reported on Feb. 2. Total worker productivity for 2022, in…
Shopify Offers Workers Greater Say in Compensation Structure to Attract Talent
Shopify Inc. said on Friday it has introduced a new compensation system that allows staff more flexibility in restructuring their awards between cash and equity, as the e-commerce major seeks to attract and retain workers. As many as 91 percent of the eligible employees have already enrolled in the new system, Flex Comp, the company…
Wildfires in Algeria Kill at Least 37, Including Family of 5
ALGIERS, Algeria—Wildfires raging in the forests of eastern Algeria have killed at least 37 people and wounded 161 others, the civil protection department of the North African country said Thursday. Most of the victims were reported in the wilaya, or region, of El Tarf, near the northern Algeria-Tunisian border, where 34 people were found dead….
Severance Pay: All You Need to Know About Severance Package
How many of you acknowledge that it is legal for you to negotiate compensation and benefits after you leave an employer? Some job seekers may understand how to negotiate compensation and benefits when they are employed, but they may be unaware that they may do so after they leave an employer. Most firms provide a…
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