Tuesday, April 21, 2009
Thursday, April 9, 2009
Blog 7
This article is entitled A.I.G Bonuses of $50 Million Will Be Repaid. This article discussed how the New York State Attorney General was working his way down the list of people who got the highest bonuses from A.I.G. As of March 23 he had persuaded nine of the top ten bonus receivers to giver back the bonus money, totaling to $50 million out of the $165 million given out in bonus. The Attorney General is hoping to recover $80 million in bonus money, while an additional $85 million had gone to people outside the US and would most likely not be able to be recovered. By retrieving this bonus money A.I.G. will be able to put it back into the community and help out its customers. Many of the employees receiving the large bonuses are mostly likely already well off and could do without. But there are many people who depend on their retirement money or insurance. This $50-$80 million will allow the company to help out many more people then just 10 employees.
Blog 6
My articles is entitled When Economy Sours, Tootsie Rolls Soothe Souls from the march 23 edition of the New York Times. This articles states that "Many big candy makers are reporting rising sales and surprising profits even as manufacturers of other products are struggling to stay afloat. Cadbury reported a 30 percent rise in profits for 2008 while Nestle’s profits grew by 10.9 percent, according to public filings. Hershey, which struggled for much of 2008, saw profits jump by 8.5 percent in the fourth quarter". Candy is a comfort food which is cheap, therefor making it easily accessible to those who have lost jobs or need a small pick-me-up during the rough economic times. This can help to raise sales in stores which stock candy or even candy specific store. While this does not personally affect me because I do not normally eat candy. I know several people who i have noticed buy more candy or even eating more sweets. I do think that it would be a great idea for employers to place out small cansy dishes around the office to allow there stressed workers and little sweet escape from the work day.
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