Money Matters - Simplified


Labor market freezing! Career Openings on a downslide in US?

U.S. Labor market balances precariously at the edge of the precipice. The Labor market starts to freeze as there is a maximum fall in job opportunities in this April, in the U.S as compared in the last 4 years. The “fire them“ policy was at an upswing and hiring was at the pace of the tortoise. U.S is in the grip of a firm recession.

Ted Kheel, New York City peacemaker, dies

New York -- New York City's premier labor negotiator Theodore W. Kheel has died at age 96, a family spokesman confirmed.

Kheel was not only a negotiator, but also an arbitrator who decided more than 30,000 labor disputes, The New York Times reported Monday. The cause of death was not reported.

He mediated newspaper, teacher, subway and garbage worker strikes and was the mayoral liaison to labor groups in the decades following World War II.

A successful peacemaker for the city in an era when unions were stronger than they are today, Kheel was called upon by President Lyndon Johnson in 1964 to help avert a national railway strike.

Publicist: Kelly Preston not in labor

Los Angeles -- Kelly Preston's publicist is blasting as untrue reports saying the pregnant, 48-year-old American actress is in labor.

Preston's third child with actor John Travolta is due to be born at the end of this month.

Rumors that Travolta rushed home from a trip to Australia to be by Preston's side as she was to give birth circulated during the weekend, said.

"This story is 100 percent false," the couple's representative told the Web site. "She's not in labor. John is in route back to the United States as was always the plan for him to return this weekend."

Giant panda gives birth at Zoo Atlanta

Atlanta -- The giant panda at Zoo Atlanta has given birth to a cub after about six hours in labor, officials said.

The panda, Lun Lun, is a mom for the third time, The Atlanta Journal-Constitution reported.

Immediately after giving birth, Lun Lun scooped up the checkbook-sized baby and started bathing it, the report said.

Lun Lun's first delivery in 2006 required 36 hours of labor, while her second birth, in 2008, took nine hours.

Copyright 2010 United Press International, Inc. (UPI).

Lady Gaga postpones Paris concerts

Los Angeles -- U.S. pop star Lady Gaga has rescheduled two planned Paris concerts due to the labor strikes taking place in the French city.

The performances in Paris at Bercy scheduled for Friday and Saturday have been postponed until Dec. 19-20, a message on the singer's Web site said Wednesday.

U.S. Open to go 3-D

New York -- Panasonic, CBS Sports and the U.S. Tennis Association will produce 3-D versions of the U.S. Open on Labor Day and finals weekends, organizers say.

The USTA said Wednesday Panasonic has become an official sponsor of the U.S. Open in a new three-year contract.

A news release said working with CBS Sports, the USTA and Pansonic will spearhead the first-ever 3D broadcasts of the tournament. CBS Sports will produce 3-D versions of all the Arthur Ashe Stadium matches that it broadcasts in high definition on Labor Day weekend and on finals weekend, Sept. 10-12.

The release said the matches will be made available nationwide via DirecTV's dedicated 3-D entertainment channel, "n|3D Powered by Panasonic" (DirecTV channel 103).

Labor unrest in China could benefit U.S.

Beijing -- Demands by Chinese workers for better pay and working conditions could eventually reshape an economic balance between China and the United States, analysts say.

Labor troubles at Chinese facilities of companies including Honda Motor Co., electronics giant Foxconn and a major parts supplier for Toyota Motor Corp. has focused attention in China on the gap between rich and poor and on the future of cheap labor, the Los Angeles Times reported Saturday.

This attention, along with rising minimum wages in some Chinese provinces and cities, could count as a step towards rebalancing China's economy and improve the U.S. balance of trade deficits, the newspaper said.

Bride goes into labor at reception

Toledo, Ohio -- An Ohio couple celebrating their wedding reception said they had joked their baby might come during the event, but they were still surprised when it happened.

Jamie and Mark Phillips said they planned their wedding for Saturday so they could be married prior to the arrival of their son, but Jamie Phillips said the impatient infant began his descent into the world by giving her contractions while walking down the aisle at the Calvary Assembly of God in Toledo, The Toledo Blade reported Tuesday.

Phillips said she assumed the contraction was a false alarm until her water broke while she was eating at the reception.

Chris Brown begins community labor - at police-horse stable

Los Angeles, September 17 -- Chris Brown spent his day yesterday cleaning horse dung and pulling weeds in Virginia. The R&B singer was doing these jobs as part of punishment for assaulting his ex-girlfriend Rihanna.

Liquidation only option for Ssangyong as talks with labor fail

Seoul, Aug 3: South Korea's cash-strapped Ssangyong Motor Co. (003620.KS) may have no other choice but to go in for a liquidation after the board could not reach a consensus with its union over a job cut plan.