Monday, May 17, 2010

Business News

A ten point plan to boost national employment is being is handled by Enterprise Minister Batt O'Keeffe.The Let's Make in Work initiative was drawn up by business leaders who believe economic recovery begins with employment.

Robert Mac Giolla Phadraig of recruitment firm Sigmar says employers were asked what would work for that around job creation and the initiative is the result of their constructive, practical recommendations. One of the points of the plan urges the setting up of a job creation tzar, who would have a cental point in cor-ordinating all moving parts to job creation.

Other briefs are about US Federal Reserve. US economic activity is picking up, and that it will hold interest rates steady for an extended period of time. The Fed said 'subdued inflation trends' and other factors 'are likely to warrant exceptionally low levels of the federal funds rate'.

Also, Employee Action Committee of Quinn Insurance gets ready to appear before the Oireachtas Joint Committee on Enterprise, Trade and Employment today to discuss the threat to jobs at the firm, reports suggest that administrators are looking for up to 800 redundancies.

The last brief is about Republicans in the US Senate having dropped their objection to a debate on the most significant reforms to financial regulations since the 1930s. They had blocked action on the bill for three consecutive days. US President Barack Obama said he was very pleased the proposals would be debated, and that Americans must never again allow the financial practices that triggered the global economic crisis.

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