| LaSalle bonuses may lead to exits
The acquisition closed more than four months ago, but another milestone in Bank of America Corp.'s integration of LaSalle Bank is fast approaching.
Year-end guaranteed bonuses are due for LaSalle workers at the end of February, a source familiar with the compensation structure said. LaSalle had been known for paying good, but not great, salaries, but it was more generous with bonuses.
But the uncertainty surrounding the LaSalle bidding war, which involved not just Charlotte-based Bank of America but also Charter One parent Royal Bank of Scotland, made it difficult for LaSalle employees to bring in new business last year.
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Supporters of Brotherhood-backed candidates
We have Christians that are members of liberal-leftist groups, Communist groups, conservative groups and the NDP. It's only a display of the diversity of their political beliefs." Finding the right balanceJust as moderate Islamist movements have been successful in earning government recognition in several Arab countries including Jordan, Yemen, Morocco and Tunisia, Madi says he believes in his chances of not only gaining government approval, but effecting change in the political arena. He need look no further afield than Turkey and Bosnia-Herzegovina for inspiration, but change will come only if he can attract a base of real support —something even stalwart parties such as Al-Wafd seem unable to do today. “We're the unrepresented section of Egyptian society," says Madi. “Our segment makes up a large part of this society.
Newy can be reached at his Web site, www.newdawg.com .
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Dollar Hits New Low as Economic Woes Continue
The president also urged Congress to pass a law that makes it easier for the government to eavesdrop on terrorism suspects. He said the government must have the ability to quickly and effectively monitor the telephone conversations and e-mails of terror suspects. The president said Congress should protect telecommunications companies from lawsuits when they cooperate with the government efforts. He said Congress should give companies legal immunity for helping the government eavesdrop after the Sept. 11 terrorist attacks. "Without the cooperation of the private sector we cannot protect our country from terrorist attacks," Bush said. The president wants Congress to renew a temporary law that expired earlier this month. The House and Senate have passed different versions of the measure, which would continue authorization of a program that lets the government listen in on the phone calls of suspected terrorists and view their e-mails.
CIO Executive Council merges with IDC executive program
Two of Australia's leading peer groups for CIOs and senior IT executives are merging in an agreement announced today by IDG Communications and research firm IDC. Effective immediately, IDC's Information Technology Experience Program (InTEP) in Australia will become part of IDG's CIO Executive Council. All InTEP members will continue to receive the current benefits of their memberships however this will now be provided by the CIO Executive Council. InTEP-Plus members will also receive the additional full benefits of the CIO Executive Council members, most notably inclusion in the industry-leading resources of the international Council. Current members of the CIO Executive Council will also receive the additional benefits of the InTEP -Plus program, including regular CIO research from IDC, which is now an analyst partner of the CIO Executive Council.
Outdoors Notebook: Tag program for striped bass off to good start
An effort to place satellite information tags into striped bass has been deemed a success. Dr. John Graves of the Virginia Institute of Marine Sciences placed six tags into fish last weekend. He has four more tags to deploy. Part of the sought data deals with mortality in a catch-and-release fishery. So three of the tagged fish were caught on conventional "J" hooks, and the other three were caught on circle hooks. Only one of the J-hook-caught fish was deep-hooked. "We were able to remove the hook with no problems, and the fish appeared to be in great shape," Graves said. "All the other fish were hooked in the corner of the mouth." Graves, who has used similar tags in his white marlin research, said the remaining four tags likely will be in fish by the start of today's Super Bowl.
Corzine Readies N.J. Budget Plan Replete With Cuts
TRENTON, N.J. -- Gov. Jon S. Corzine worked Monday to put the finishing touches on a budget plan that's expected to seek major cuts in state programs, with property tax rebates, state workers, state parks and welfare grants among many possible cuts. The governor is set to unveil his budget to the Legislature Tuesday morning. And as part of his plans to restructure the state's troubled finances, Corzine has promised to freeze spending in the plan for the fiscal year starting July 1. Corzine said the spending freeze will mean about $2.5 billion in budget cuts to offset rising costs. .
This year, the American people will choose between two diametrically ...
The Democratic Party looks at our nation and sees the twilight of the American soul. Republicans affirm that now, as throughout history, the spiritual and intellectual genius of the American people will create a better nation and maintain a just peace. To Republicans, creativity and growth are imperatives for a new era of opportunity for all. The Republican Party's vision of America's future, the heart of our 1984 Platform, begins with a basic premise: From freedom comes opportunity; from opportunity comes growth; from growth comes progress. This is not some abstract formula. It is the vibrant, beating heart of the American experience. No matter how complex our problems, no matter how difficult our tasks, it is freedom that inspires and guides the American Dream.
Ferry services are disrupted by strike
Unions representing the workers said they decided to take industrial action because talks with the local authority had broken down. Unison and Unite are angry over a proposed pay and grading structure the council wants to introduce. They claim this could lead to its members losing between £5000 and £6000 a year. Last night hopes of a breakthrough in the dispute seemed remote with the sides no nearer to reaching agreement or agreeing to further talks. Donald Brown, Unison Argyll branch chairman, said that the strike was "solid". But, according to the council, services were "not overly affected". The unions had agreed to exemptions for ferry services, piers and winter maintenance where the emergency services make a specific request.
Market woes weigh on Hargreaves Lansdown
Hargreaves Lansdown, the stockbroker that floated last May at 160p, dropped below its launch price yesterday amid fears that it would issue a warning on growth with its first-half results due today. The shares fell 9¾p to 158p as Investec reiterated its "sell" advice, saying that it expected the weak stock market to hit its flow of funds from investors. It said that its forecast target for the year to end-June of £12.8 billion under management looked challenging given that the market is off 10 per cent this year. Resolution was the worst blue-chip performer, down 44p at 672p, hit by worries that the 720p-a-share takeover by Hugh Osmond’s Pearl Assurance could be scuppered at the eleventh hour by the Financial Services Authority. The watchdog was unhappy with the speed at which Pearl wanted to sell capital in Resolution’s life funds to repay its creditors.
Uncounted transit money piles up
The Port Authority plans to reclassify two union employees as "currency unfolders" and to hire at least two people to fill vacancies and alleviate a backlog of uncounted money. The moves come after spokeswoman Judi McNeil disclosed yesterday that there are barrels of money -- less than $1 million total, she said -- sitting in the authority's currency department, whose location it keeps secret for security reasons. Normally, most of the money would have been counted by now, deposited in a bank and earning short-term interest for the financially troubled transit agency. The authority has blamed high employee absenteeism and inflexible union rules for the problem. The International Brotherhood of Electrical Workers, which represents the 15 currency department workers, has blamed the elimination of six union jobs through attrition as a result of management cost-cutting measures.
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