Today, the House Financial Services Committee considers a bill to give shareholders a say on executive salaries and bonuses. But some say the move could undermine the power of a board of directors. Jeremy Hobson reports.
Not everyone has the money to buy a new refrigerator or washing machine. So when large appliances break, people call on repairman David Khorsandi to get their machines back in working order. He explains why his phone has been ringing non-stop.
Citigroup is trying to decide whether to pay one of its executives the sum of $100 million. But that may be tricky as the bank is one of seven overseen by U.S. pay czar Kenneth Feinberg. Mitchell Hartman reports.
Bonus culture is booming once again for employees the U.K.'s biggest banks just six months after many were near collapse. The government wants to buckle down on big pay, but must tread carefully. Stephen Beard explains why.
The federal minimum wage is now $7.25 per hour as the final step in a three-tiered adjustment set in motion years ago. Jeff Tyler reports on the implications of the wage hike during the worst recession in 50 years.
Several states are trying to reduce layoffs with a program called Work Share. When companies cut work hours, the states make up the difference in employees' paychecks by tapping unemployment benefits. Cathy Duchamp reports.
As the recession puts more pressure on household incomes, more nurses who had stopped working are re-entering the job market and reducing the nursing shortage. Still, demand for nurses is expected to remain high. Cathy Duchamp reports.
Employers aren't thrilled about the additional costs that will come with paying workers a higher minimum wage of $7.25 an hour. Jeff Tyler also reports the purchasing power of the minimum wage isn't what it used to be.
Comic book writer Joshua Dysart has been nominated for a top prize for his "Unknown Soldier" series. He explains what he enjoys about being a creative freelance writer and living without an alarm clock.
As parts of the economy begin to pick back up, unemployment may be one of the last things to go. Some analysts predict employers will be reluctant to rehire more workers as that will eat into profits. Amy Scott reports.
