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Bonuses for work in public service jobs are obscene

There can be no good reason why anyone paid a public salary of more than £100,000 a year should be paid even more for doing the job well. Such a salary implies exceptional work. The presumption that anyone doing such work will not be forthcoming unless induced by a postponed 'incentive' bribe should be an insult to any profession. In any walk of life, the concept of high earners working hard ...

Jobs in the US, job loss in the UK: a tale of two recoveries | David Blanchflower

The UK's ruinous experiment with austerity only highlights how good the US economic news is for Obama's re-election chances There were two major pieces of good news Friday on the US economy. First, there was better-than-expected news from the non-manufacturing survey from the ISM , which added to a very positive sister survey of manufacturing earlier in the week. The combined message that can be ...

Debt-ridden Canadians piling up even more, study finds

Canadians who should be saving for their retirements are actually the ones driving the national increase in personal debt, a CIBC study says.

Air Canada, pilots continue talks as deadline looms

With contract talks between Air Canada and its 3,000 pilots scheduled to continue this week, the airline says it is confident it can avoid a lockout despite a midnight deadline.

Debt crisis: as it happened, February 3, 2012

The FTSE 100 has closed at a seven-month high after US data showing more US people are in work boosted global markets, while Greece announces it is to auction €625m of Treasury bills next week.