Reuters - Further interest rate cuts may be in the offing and money market rates may be easing but news from the world's major banks on Friday gave no indication that the global credit crisis is abating.

A wasteful but necessary stimulus (FT.com)
FT.com - A fiscal stimulus for the US economy - either tax cuts or increased spending - would very probably be wasteful, late and have no impact on the US downturn. But it would still be a good idea. It would act as an insurance policy against a protracted and severe downturn that continued into late 2008 or 2009 and against the chance that Federal Reserve monetary policy is limited in its ability to offset it.
By leaving the fired employee their dignity, a firm can succeed in doing away with the poor worker and keeping the company esprit de corps intact. And, if the fired employee needs to negotiate her separation package, you must get the proper supervisor involved to follow up. Due to company pressures, the Company is firing your employment effective ________. In fact, I recommend against it because the worker gets more negotiation leverage. Lastly repeat these major procedures regularly at firm meetings. o He never told me I had a productivity problem. In this meeting, you shouldn't inform the problem employee what you're going to do about the bad behavior. An outplacement firm can help you custom fit the package to meet the employee's wants.

It should explain the actions you expect the jobholder to take in correcting the problem. In the next chapter, you'll learn how to investigate and document an incident of gross misconduct. *Which employee has the best demeanor toward the firm? 2) The employee meets with his legal counsellor. The manager's rights refers to less of what the law allows the boss to do, and more to what they should avoid doing. It's a good idea for all employers to have standard lay off methods in place. If the productivity problem or misbehavior is minor, handle the problem informally with the jobholder, possibly over lunch or in a one-to-one meeting.