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Disclaimer
Links on
these pages to commercial sites do not represent endorsement by
the University of California or its affiliates.
The opinions
expressed on this Weblog are the responsibility of the contributing
authors and do not reflect the opinion of the Institute of Industrial
Relations, The University of California, or the Regents of the
University of California
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Institute
of Industrial Relations Library
Labor and Employment Weblog
University of California, Berkeley |
Updated
1/5/2004; 10:50:27 AM
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Tuesday, December 16, 2003 |
Budget Focuses on Education. Education and training got the lion’s share in Saudi Arabia’s 2004 national budget, which projected revenue at SR200 billion ($53.3 billion) and expenditure at SR230 billion ($61.3 billion). The deficit budget, which was endorsed by the Council of Ministers chaired by Custodian of the Two Holy Mosques King Fahd in Riyadh yesterday, earmarked SR63.65 billion ($16.97 billion) for general education, higher education and manpower training. Arab News, Pro-government, English-language daily of Jidda, Saudi Arabia [Breaking News Headlines from Around the World, Powered by Worldpress.org]
1:55:31 PM 
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Calpers Sues NYSE, Specialists (Reuters). Reuters - Calpers, the biggest U.S. pension fund, on Tuesday filed a lawsuit against the New York Stock Exchange and its specialist trading firms, alleging widespread trading abuses by the firms that it said went unchecked by the NYSE for years. [Yahoo! News - Business]
1:10:41 PM
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Congress to Weigh Easing U.P.S. Role on Pension Funds. Congress is expected to consider a proposal early next year that would shift responsibility for billions of dollars in future pension promises to the federal government from United Parcel Service. U.P.S. is chafing at its legal requirement to cover retirees of other companies through its participation in multiemployer plans, in which many employers pool the cost of providing pensions for union members. While the prospects for the proposal are unclear, While the prospects for the proposal are unclear, U.P.S. has gained support from several lawmakers. By Mary Williams Walsh. [New York Times: NYT HomePage]
11:42:19 AM
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Employment expected to grow in the West Canadian employers are "typically reserved" when it comes to first-quarter hiring plans. But this year the West is hot, with more employers planning to add staff than subtract, according to a national survey to be released today. Canada. Globe & Mail [GAM]
10:32:54 AM
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Copyright
2004
Janice Kimball
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