The European Parliament sounded the death knell for unrestricted bonuses for some bankers and traders in Europe on Wednesday when it approved limits due to come into force in January.
The action was a response to public outrage in the face of bonuses widely seen as excessive during the global financial crisis. But the banking industry has warned that the restrictions could hurt Europe’s competitiveness to the benefit of rival financial centres from Wall Street to Hong Kong.
Pascal Canfin, a Green MP from France, said that the caps on bonuses imposed by the European Parliament were “the most ambitious in the world” and would end “extravagant bonuses synonymous with extravagant risks.”
The new EU rules will mean a far lower proportion of cash in the bonus, which would be much less payable upfront. Remaining
I have ridden in a Toyota Prius but that vehicle must have been about three years old, not a 2010 as seen in this video. A friend of mine owns it. The Prius was a nice ride and enjoyable.
This is not a perfect video but the guy doing the driving and talking does an ok job. Read more…
It’s hard to protect a home from a monster Category 5 hurricane, but many readily available products can reduce or minimize the impact and save homeowners big bucks in repairs and insurance premiums.
The peace of mind that can result is priceless.
The National Oceanic and Atmospheric Administration, or NOAA, predicts the 2010 Atlantic hurricane season, will spawn eight to 14 hurricanes – three to seven of them major.
“Forecasts of an average season should not lead to complacency,” says Claire Wilkinson, vice president for global issues at the Insurance Information Institute. “An
New claims for US unemployment benefits jumped more than expected last week, official data showed Thursday on the eve of the key June jobs report.
Initial claims for jobless benefits rose to a seasonally adjusted 472,000 in the week ending June 26, an increase of 13,000 from the previous week’s upwardly revised level of 459,000, the Labor Department said. The leap was sharply higher than the consensus analyst forecast of 458,000 claims. T
More Brits are taking out worldwide travel insurance for long-haul trips, suggesting that they are becoming more adventurous in their travel destinations.
According to new research from Swiftcover.com, nearly one in four travel insurance policies taken out with the insurer are for long-haul holidays, compared to one in five policies five years ago.
This new-found adventurousness is also reflected in the UK’s dream holiday list, which Swiftcover.com found to include a tropical island, a world cruise, exploring ancient ruins like Machu Picchu in Peru, getting off the beaten track in India or China, and an African safari. Read more…
– Denver, Colorado – OCI, a Data Integration and Software Services provider, conducted a study on the effectiveness of a Return to Work Program (RTW) on Short Term Disability claims for a regional health system of five hospitals, which achieved a 26 percent savings on STD expenditures and an 8 to 1 return on program investment.
“With the cost of health care continuing to rise faster than inflation, employers are feeling increased pressure to contain workers’ compensation and disability costs,” said Archie Anderson, President of OCI. Read more…